XML 33 R20.htm IDEA: XBRL DOCUMENT v3.22.1
Property, Plant and Equipment
 12 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 12:  Property, Plant and Equipment

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

 
March 31,
  
   
2022
    
2021
  
Land
  
$
16.8
    
$
16.4
  
Buildings and improvements (10-40 years)
    
264.6
      
203.5
  
Machinery and equipment (3-15 years)
    
869.4
      
623.2
  
Office equipment (3-10 years)
    
96.2
      
81.3
  
Construction in progress
    
31.2
      
19.0
  
     
1,278.2
      
943.4
  
Less: accumulated depreciation
    
(962.8
)
    
(673.5
)
Net property, plant and equipment
  
$
315.4
    
$
269.9
  

Property, plant and equipment in the table above as of March 31, 2021 exclude amounts classified as held for sale.  See Note 2 for additional information.

Depreciation expense totaled $46.4 million, $60.1 million, and $68.2 million for fiscal 2022, 2021, and 2020, respectively.

Gains and losses related to the disposal of property, plant and equipment are recorded within SG&A expenses. For fiscal 2022, gains related to the disposal of property, plant and equipment totaled $0.1 million.  For fiscal 2021 and 2020, losses related to the disposal of property, plant and equipment totaled $0.7 million, and $0.6 million, respectively.