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Other Income and Expense (Tables)
 9 Months Ended
Dec. 31, 2017
Other Income and Expense [Abstract]  
Other income and expense
Other income and expense consisted of the following:

  
Three months ended
December 31,
  
Nine months ended
December 31,
 
  
2017
  
2016
  
2017
  
2016
 
Equity in earnings of non-consolidated affiliate
 
$
0.1
  
$
-
  
$
-
  
$
0.1
 
Interest income
  
0.1
   
0.1
   
0.3
   
0.3
 
Foreign currency transactions (a)
  
0.1
   
(0.4
)
  
(0.4
)
  
(1.0
)
Net periodic benefit cost (b)
  
(0.6
)
  
(0.7
)
  
(2.2
)
  
(2.2
)
Total other expense - net
 
$
(0.3
)
 
$
(1.0
)
 
$
(2.3
)
 
$
(2.8
)
 
(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 foreign currency exchange contracts.
(b)
Represents net periodic benefit cost, exclusive of service cost, for the Company’s pension and postretirement plans.