Leases

3 Months Ended

Jun. 30, 2025

Leases

Leases

Note 16: Leases

Lease assets and liabilities

The following table provides a summary of leases recorded on the consolidated balance sheets.

	Balance Sheet Location	June 30, 2025		March 31, 2025
Lease Assets
Operating lease ROU assets	Other noncurrent assets	$	98.4	$	97.2
Finance lease ROU assets (a)	Property, plant and equipment - net		7.2		6.9
Lease Liabilities
Operating lease liabilities	Other current liabilities	$	19.8	$	18.0
Operating lease liabilities	Other noncurrent liabilities		80.2		80.6
Finance lease liabilities	Long-term debt - current portion		0.5		0.5
Finance lease liabilities	Long-term debt		2.2		2.2
____

(a) Finance right of use (“ROU”) assets were recorded net of accumulated amortization of $4.5 million and $4.2 million as of June 30, 2025 and March 31, 2025, respectively.

Components of lease expense

The components of lease expense were as follows:

	Three months ended June 30,
	2025		2024
Operating lease expense (a)	$	9.7	$	6.9
Finance lease expense:
Depreciation of ROU assets		0.1		0.1
Interest on lease liabilities		—		—
Total lease expense	$	9.8	$	7.0
____

(a) For the three months ended June 30, 2025 and 2024, operating lease expense included short-term lease expense of $2.4 million and $1.3 million, respectively. Variable lease expense was not significant.