Property, Plant and Equipment

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Note 10: Property, Plant and Equipment

Property, plant and equipment, including depreciable lives, consisted of the following:

March 31	2013			2012

Land	$	10.0		$	11.8
Buildings and improvements (10-40 years)		216.7			249.7
Machinery and equipment (3-12 years)		679.1			686.1
Office equipment (3-10 years)		95.7			96.0
Construction in progress		31.6			49.1
		1,033.1			1,092.7
Less: accumulated depreciation		(677.2	)		(680.6	)
Net property, plant and equipment	$	355.9		$	412.1

Depreciation expense totaled $55.1 million, $57.1 million and $55.8 million for the years ended March 31, 2013, 2012 and 2011, respectively. Gains and losses related to the disposal of property, plant and equipment are recorded in SG&A expenses. Total (losses) gains related to the disposal of property, plant and equipment were ($2.5) million, ($0.6) million and $3.4 million for the years ended March 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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