Pension and Employee Benefit Plans (Tables)

12 Months Ended

Mar. 31, 2015

Pension and Employee Benefit Plans [Abstract]

Change in benefit obligations and plan assets as well as the funded status

Changes in benefit obligations and plan assets as well as the funded status of the Company’s pension plans for the fiscal years ended March 31, 2015 and 2014 were as follows:

	2015			2014
Change in benefit obligation:
Benefit obligation at beginning of year	$	295.7		$	309.6
Service cost		0.5			0.6
Interest cost		13.0			13.0
Actuarial loss (gain)		40.6			(10.8	)
Benefits paid		(14.6	)		(18.6	)
Effect of exchange rate changes		(7.0	)		1.9
Benefit obligation at end of year	$	328.2		$	295.7
Change in plan assets:
Fair value of plan assets at beginning of year	$	213.7		$	200.6
Actual return on plan assets		10.8			22.2
Benefits paid		(14.6	)		(18.6	)
Employer contributions		7.1			9.5
Fair value of plan assets at end of year	$	217.0		$	213.7
Funded status at end of year	$	(111.2	)	$	(82.0	)
Amounts recognized in the consolidated balance sheets:
Current liability	$	(0.8	)	$	(1.0	)
Noncurrent liability		(110.4	)		(81.0	)
	$	(111.2	)	$	(82.0	)

Pension benefit plans

Costs for the Company’s pension plans included the following components for the fiscal years ended March 31, 2015, 2014, and 2013:

	2015			2014			2013
Components of net periodic benefit cost:
Service cost	$	0.5		$	0.6		$	0.6
Interest cost		13.0			13.0			13.5
Expected return on plan assets		(16.7	)		(15.7	)		(16.1	)
Amortization of net actuarial loss		5.5			6.3			5.0
Net periodic benefit cost	$	2.3		$	4.2		$	3.0
Other changes in benefit obligation recognized in other comprehensive loss (income):
Net actuarial loss (gain)	$	46.4		$	(17.3	)	$	27.0
Amortization of net actuarial loss		(5.5	)		(6.3	)		(5.0	)
Total recognized in other comprehensive loss (income)	$	40.9		$	(23.6	)	$	22.0

Target and plan asset allocations

The Company’s U.S. pension plan weighted average asset allocations at the measurement dates of March 31, 2015 and 2014 were as follows:

	Target allocation			Plan assets
				2015			2014
Equity securities		55	%		55	%		57	%
Debt securities		38	%		36	%		37	%
Alternative assets		5	%		5	%		5	%
Cash		2	%		4	%		1	%
		100	%		100	%		100	%

Estimated future benefit payments

Estimated pension benefit payments for the next ten fiscal years are as follows:

Fiscal Year	Estimated pension benefit payments
2016	$	15.1
2017		15.7
2018		16.9
2019		17.2
2020		18.0
2021-2025		94.0