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Other Income and Expense (Tables)
6 Months Ended
Sep. 30, 2023
Other Income and Expense [Abstract]  
Other Income and Expense
Other income and expense consisted of the following:

 
Three months ended
September 30,
   
Six months ended
September 30,
 
   
2023
   
2022
   
2023
   
2022
 
Interest income
 
$
1.2
   
$
0.3
   
$
1.7
   
$
0.4
 
Foreign currency transactions (a)
   
(0.2
)
   
(1.1
)
   
(0.5
)
   
(3.1
)
Net periodic benefit cost (b)
   
(0.9
)
   
(0.6
)
   
(1.7
)
   
(1.0
)
Total other income (expense) net
 
$
0.1
 
$
(1.4
)
 
$
(0.5
)
 
$
(3.7
)


(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.