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Other Income and Expense (Tables)
 9 Months Ended
Dec. 31, 2021
Other Income and Expense [Abstract]  
Other Income and Expense
Other income and expense consisted of the following:

 
Three months ended
December 31,
    
Nine months ended
December 31,
  
   
2021
    
2020
    
2021
    
2020
  
Interest income
  
$
0.2
    
$
0.1
    
$
0.3
    
$
0.4
  
Foreign currency transactions (a)
    
(1.0
)
    
0.2
      
(1.1
)
    
0.9
  
Net periodic benefit cost (b)
    
(0.3
)
    
(0.8
)
    
(0.8
)
    
(2.3
)
Total other expense – net
  
$
(1.1
)
  
$
(0.5
)
  
$
(1.6
)
  
$
(1.0
)
  (a)
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 certain foreign currency exchange contracts.
  (b)
Net periodic benefit cost for the Company’s pension and postretirement plans is exclusive of service cost.