XML 37 R27.htm IDEA: XBRL DOCUMENT v3.24.0.1
Accumulated Other Comprehensive Loss
 9 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
Note 19: Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss were as follows:

 
Three months ended December 31, 2023
    
Nine months ended December 31, 2023
  
   
Foreign
Currency
Translation
    
Defined
Benefit
Plans
    
Cash
Flow
Hedges
    
Total
    
Foreign
Currency
Translation
    
Defined
Benefit
Plans
    
Cash
Flow
Hedges
    
Total
  
Beginning balance
  
$
(70.8
)
  
$
(102.8
)
  
$
(0.1
)
  
$
(173.7
)
   $ (57.5 )   $ (104.4 )   $ 0.8     $ (161.1 )
                                                                 
Other comprehensive income (loss) before reclassifications
    
19.3
      
-
      
0.6
      
19.9
       6.0       -       0.2       6.2  
Reclassifications:
                                                                
Amortization of unrecognized net loss (a)
    
-
      
1.0
      
-
      
1.0
       -       3.1       -       3.1  
Unrecognized net pension gain in disposed businesses (b)
     -       (0.6 )     -       (0.6 )     -       (0.6 )     -       (0.6 )
Realized losses (gains) – net (c)
    
-
      
-
      
0.1
      
0.1
       -       -       (0.7 )     (0.7 )
Income taxes
     -      
(0.3
)
    
(0.2
)
    
(0.5
)
     -       (0.8 )     0.1       (0.7 )
Total other comprehensive income (loss)
   
19.3
      
0.1
      
0.5
      
19.9
       6.0       1.7       (0.4 )     7.3  
                                                                 
Ending balance
  
$
(51.5
)
  
$
(102.7
)
  
$
0.4
    
$
(153.8
)
   $ (51.5 )   $ (102.7 )   $ 0.4     $ (153.8 )

 
Three months ended December 31, 2022
    
Nine months ended December 31, 2022
  
   
Foreign
Currency
Translation
    
Defined
Benefit
Plans
    
Cash
Flow
Hedges
    
Total
    
Foreign
Currency
Translation
    
Defined
Benefit
Plans
    
Cash
Flow
Hedges
    
Total
  
Beginning balance
  
$
(86.0
)
  
$
(108.4
)
  
$
(0.9
)
  
$
(195.3
)
   $ (39.1 )   $ (111.1 )   $ 0.7     $ (149.5 )
                                                                 
Other comprehensive income (loss) before reclassifications
    
22.5
      
-
      
1.3
      
23.8
       (24.4 )     -       0.1       (24.3 )
Reclassifications:
                                                                
Amortization of unrecognized net loss (a)
    
-
      
1.3
      
-
      
1.3
       -       4.0       -       4.0  
Realized losses – net (c)
     -       -       0.4       0.4       -       -       -       -  
Income taxes
    
-
      
-
      
(0.2
)
    
(0.2
)
     -       -       (0.2 )     (0.2 )
Total other comprehensive income (loss)
   
22.5
      
1.3
      
1.5
      
25.3
       (24.4 )     4.0       (0.1 )     (20.5 )

                                                               
Ending balance
  
$
(63.5
)
  
$
(107.1
)
  
$
0.6
    
$
(170.0
)
   $ (63.5 )   $ (107.1 )   $ 0.6     $ (170.0 )
  (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 5 for additional information about the Company’s pension plans.
  (b)
As a result of the sale of three automotive businesses based in Germany, the Company wrote-off $0.6 million of net actuarial gains related to the disposal group’s pension plans.  See Note 2 for additional information regarding the sale.
  (c)
Amounts represent net gains and losses associated with cash flow hedges that were reclassified to net earnings.