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Other Income and Expense
 12 Months Ended
Mar. 31, 2020
Other Income and Expense [Abstract]  
Other Income and Expense

Note 6: Other Income and Expense

Other income and expense consisted of the following:

  
Years ended March 31,
  
   
2020
    
2019
    
2018
  
Equity in earnings of non-consolidated affiliate (a)
  
$
0.2
    
$
0.7
    
$
0.2
  
Interest income
    
0.4
      
0.4
      
0.4
  
Foreign currency transactions (b)
    
(2.4
)
    
(2.3
)
    
(0.6
)
Net periodic benefit cost (c)
    
(3.0
)
    
(2.9
)
    
(3.3
)
Total other expense - net
  
$
(4.8
)
  
$
(4.1
)
  
$
(3.3
)

graphic
(a)
During fiscal 2020, the Company sold its ownership interest in Nikkei Heat Exchanger Company, Ltd.  As a result of the sale, the Company recorded a gain of $0.1 million, which is included within the fiscal 2020 amount.  See Note 12 for additional information.
(b)
Foreign currency transactions primarily consist of foreign currency transaction gains and losses on the re-measurement or settlement of foreign currency-denominated assets and liabilities, including intercompany loans and transactions denominated in a foreign currency, along with gains and losses on foreign currency exchange contracts.
(c)
Net periodic benefit cost for the Company’s pension and postretirement plans is exclusive of service cost.