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Pension And Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Mar. 31, 2022
Retirement Benefits [Abstract]  
Assumptions Used To Compute Net Periodic Benefit Cost And Benefit Obligations
Assumptions used for financial reporting purposes to compute net periodic benefit cost and benefit obligations for the Company's primary defined benefit plans were as follows:
Pension BenefitsOther Postretirement Benefits
2022  2021  20202022  2021  2020
Discount rates:        
Benefit cost for plan year3.30 %  3.60 %  4.00 %2.90 %  3.40 %  3.80 %
Benefit obligation at end of plan year3.70 %  3.30 %  3.60 %3.60 %  2.90 %  3.40 %
Expected long-term return on plan assets:
Benefit cost for plan year5.50 %  6.00 %  6.75 %3.00 %  3.00 %  3.00 %
Salary scale:        
Benefit cost for plan year4.00 %4.00 %4.00 %4.00 %4.00 %4.00 %
Benefit obligation at end of plan year4.00 %4.00 %4.00 %4.00 %4.00 %4.00 %
Healthcare cost trend rateN/A  N/A  N/A6.17 %  6.17 %  7.34 %
Benefit Obligations, Plan Assets, And Funded Status
The following table reflects the changes in benefit obligations and plan assets in fiscal years 2022 and 2021, as well as the funded status of the plans at March 31, 2022 and 2021:
Pension
Benefits		  Other Postretirement Benefits
March 31,March 31,
2022202120222021
Actuarial present value of benefit obligation:
Accumulated benefit obligation$269,758   $289,901 
Projected benefit obligation277,050   297,090 $24,957 $28,926 
Change in projected benefit obligation:
Projected benefit obligation, beginning of year$297,090 $287,082 $28,926 $30,282 
Service cost6,674 6,618 170 172 
Interest cost8,754 9,571 950 1,141 
Effect of discount rate change(18,010)12,990 (1,549)1,126 
Foreign currency exchange rate changes(1,160)776 566 (283)
Other1,736 (3,626)(1,245)167 
Benefit payments(18,034)(16,321)(2,861)(3,679)
Projected benefit obligation, end of year$277,050 $297,090 $24,957 $28,926 
Change in plan assets:
Plan assets at fair value, beginning of year$270,349 $238,450 $3,033 $3,369 
Actual return on plan assets864 39,757 86 114 
Employer contributions6,147 8,472 2,448 3,229 
Foreign currency exchange rate changes(3,313)(9)— — 
Benefit payments(18,034)(16,321)(2,861)(3,679)
Plan assets at fair value, end of year$256,013 $270,349 $2,706 $3,033 
Funded status:
Funded status of the plans, end of year$(21,037)  $(26,741)  $(22,251)$(25,893)
Funded Status In Consolidated Balance Sheets
The funded status of the Company’s plans at the end of fiscal years 2022 and 2021 was reported in the consolidated balance sheets as follows:
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2022202120222021
Noncurrent assets (included in Pension asset and other noncurrent assets)$12,667 $11,950 $— $— 
Current liability (included in Accounts payable and accrued expenses)(1,135)(4,896)(1,930)(2,051)
Noncurrent liability (reported as pensions and other postretirement benefits)(32,569)(33,795)(20,321)(23,842)
Amounts recognized in the consolidated balance sheets$(21,037)$(26,741)$(22,251)$(25,893)
Additional Information On Funded Status
Additional information on the funded status of the Company’s plans as of the respective measurement dates for the fiscal years ended March 31, 2022 and 2021, is as follows:
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2022202120222021
For plans with a projected benefit obligation in excess of plan assets:
Aggregate projected benefit obligation (PBO)$39,988 $44,742 $24,957 $28,926 
Aggregate fair value of plan assets6,284 6,051 2,706 3,033 
For plans with an accumulated benefit obligation in excess of plan assets:
Aggregate accumulated benefit obligation (ABO)38,722 42,923 N/AN/A
Aggregate fair value of plan assets6,284 6,051 N/AN/A
Components Of Company's Net Periodic Benefit Cost
The components of the Company’s net periodic benefit cost were as follows:
Pension BenefitsOther Postretirement Benefits
Fiscal Year Ended March 31,Fiscal Year Ended March 31,
202220212020202220212020
Components of net periodic benefit cost:
Service cost$6,674 $6,618 $5,990 $170 $172 $199 
Interest cost8,754 9,571 10,747 950 1,141 1,306 
Expected return on plan assets(13,562)(14,448)(16,671)(86)(96)(106)
Settlement cost— — 676 — — — 
Net amortization and deferral1,679 4,863 3,709 (422)(591)(647)
Net periodic benefit cost$3,545 $6,604 $4,451 $612 $626 $752 
Recognized In Accumulated Other Comprehensive Income (Loss) On Pretax Basis The amounts recognized in other comprehensive income or loss for fiscal years 2022 and 2021 and the amounts included in accumulated other comprehensive loss at the end of those fiscal years are shown below. All amounts shown are before allocated income taxes.
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2022202120222021
Change in net actuarial loss (gain):
Net actuarial loss (gain), beginning of year$72,605 $97,025 $(4,395)$(5,365)
Losses (gains) arising during the year(1,727)(17,563)(2,533)520 
Amortization included in net periodic benefit cost during the year(3,598)(6,857)247 450 
Net actuarial loss (gain), end of year67,280 72,605 (6,681)(4,395)
Change in prior service cost (benefit):
Prior service cost (benefit), beginning of year(3,406)(5,402)(376)(564)
Amortization included in net periodic benefit cost during the year1,919 1,996 175 188 
Prior service cost (benefit), end of year(1,487)(3,406)(201)(376)
Total amounts in accumulated other comprehensive loss
at end of year, before income taxes
$65,793 $69,199 $(6,882)$(4,771)
Amounts in the above table reflect the Company and its consolidated subsidiaries. The accumulated other comprehensive loss reported in the consolidated balance sheets also includes pension and other postretirement benefit amounts related to ownership interests in unconsolidated affiliates.
Weighted-Average Target Pension Asset Allocation And Target Ranges By Major Asset Category
The weighted–average target pension asset allocation and target ranges at the March 31, 2022 measurement date and the actual asset allocations at the March 31, 2022 and 2021 measurement dates by major asset category were as follows:
Actual Allocation
Target AllocationMarch 31,
Major Asset CategoryRange20222021
Equity securities29.0 %19 %-39%31.1 %32.0 %
Fixed income securities (1)
66.0 %56 %-76%63.8 %64.1 %
Alternative investments5.0 %0 %-10%5.1 %3.9 %
Total100.0 %100.0 %100.0 %
Expected Future Benefit Payments
Estimated future benefit payments to be made from the Company’s plans are as follows:
Fiscal YearPension
Benefits		Other
Postretirement
Benefits
2023$15,456 $2,392 
202417,007 2,259 
202523,499 2,130 
202623,608 1,995 
202714,937 1,898 
2028 - 203282,147 8,243 
Fair Values Of The Assets Under Fair Value Hierarchy
Fair values of the assets of the Company’s pension plans as of March 31, 2022 and 2021, classified based on how their values were determined under the fair value hierarchy are as follows:
March 31, 2022
Level 1Level 2Level 3Total
Equity securities$77,175 $— $— $77,175 
Fixed income securities (1)
159,956 — 6,284 166,240 
Alternative investments— — 12,598 12,598 
Total investments$237,131 $— $18,882 $256,013 
March 31, 2021
Level 1Level 2Level 3Total
Equity securities$83,135 $— $— $83,135 
Fixed income securities (1)
168,201 2,920 6,051 177,172 
Alternative investments— — 10,042 10,042 
Total investments$251,336 $2,920 $16,093 $270,349