Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2023

Derivative Instruments [Abstract]

Derivative Financial Instruments Recorded in Consolidated Balance Sheets

The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:

_	Balance Sheet Location	March 31, 2023		March 31, 2022
Derivatives designated as hedges:
Commodity derivatives	Other current assets	$	-	$	0.5
Foreign exchange contracts	Other current assets		1.3		0.3
Derivatives not designated as hedges:
Foreign exchange contracts	Other current liabilities	$	0.2	$	0.3

Derivative Financial Instruments Designated for Hedge Accounting

The amounts associated with derivative financial instruments that the Company designated for hedge accounting during the years ended March 31 were as follows:

	Gain (loss) recognized in other comprehensive income								Statement of Operations	Gain (loss) reclassified from AOCI
	2023			2022		2021			Location	2023			2022		2021
Commodity derivatives	$	(1.6	)	$	1.1	$	2.2		Cost of sales	$	(1.0	)	$	1.2	$	-
Foreign exchange contracts		1.6			-		-		Net sales		0.6			-		-
Foreign exchange contracts		0.4			0.6		(0.1	)	Cost of sales		0.7			0.4		(0.1	)
Total gains (losses)	$	0.4		$	1.7	$	2.1			$	0.3		$	1.6	$	(0.1	)

Derivative Financial Instruments Not Designated for Hedge Accounting

The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:

_	Statement of Operations	Years ended March 31,
_	Location	2023				2022				2021
Foreign exchange contracts	Net sales		$	(0.5	)		$	(0.6	)		$	-
Foreign exchange contracts	Other income (expense) - net			(2.6	)			(0.8	)			0.6
Total gains (losses)			$	(3.1	)		$	(1.4	)		$	0.6