XML 44 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Accumulated Other Comprehensive Loss
12 Months Ended
Mar. 31, 2023
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss

Note 21:  Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss were as follows:

 
Foreign
Currency
Translation
   
Defined
Benefit Plans
   
Cash Flow
Hedges
   
Total
 
Balance, March 31, 2022
 
$
(39.1
)
 
$
(111.1
)
 
$
0.7
   
$
(149.5
)
                                 
Other comprehensive income (loss) before reclassifications
   
(18.4
)
   
2.5
     
0.4
     
(15.5
)
Reclassifications:
                               
Amortization of unrecognized net loss (a)
   
-
     
5.3
     
-
     
5.3
 
Realized gains - net (b)
   
-
     
-
     
(0.3
)
   
(0.3
)
Income taxes
   
-
     
(1.1
)
   
-
     
(1.1
)
Total other comprehensive income (loss)
   
(18.4
)
   
6.7
     
0.1
     
(11.6
)
                                 
Balance, March 31, 2023
 
$
(57.5
)
 
$
(104.4
)
 
$
0.8
   
$
(161.1
)

 
Foreign
Currency
Translation
   
Defined
Benefit Plans
   
Cash Flow
Hedges
   
Total
 
Balance, March 31, 2021
 
$
(31.0
)
 
$
(130.8
)
 
$
0.6
   
$
(161.2
)
                                 
Other comprehensive income (loss) before reclassifications
   
(8.1
)
   
11.5
     
1.7
     
5.1
 
Reclassifications:
                               
Amortization of unrecognized net loss (a)
   
-
     
6.5
     
-
     
6.5
 
Unrecognized net pension loss in disposed business (c)
    -       1.7       -       1.7  
Realized gains - net (b)
   
-
     
-
     
(1.6
)
   
(1.6
)
Income taxes
   
-
     
-
     
-
     
-
 
Total other comprehensive income (loss)
   
(8.1
)
   
19.7
     
0.1
     
11.7
 
                                 
Balance, March 31, 2022
 
$
(39.1
)
 
$
(111.1
)
 
$
0.7
   
$
(149.5
)

(a)
Amounts are included in the calculation of net periodic benefit cost for the Company’s defined benefit plans, which include pension and other postretirement plans. See Note 18 for additional information about the Company’s pension plans.
(b)
Amounts represent net gains and losses associated with cash flow hedges that were reclassified to net earnings. See Note 19 for additional information regarding derivative instruments.
(c)
As a result of the sale of the Austrian air-cooled automotive business, the Company wrote-off $1.7 million of net actuarial losses related to its pension plan as a component of the loss on sale recorded during fiscal 2022. See Note 1 for additional information.