Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2020

Derivative Instruments [Abstract]

Derivative Financial Instruments Recorded in Consolidated Balance Sheets

The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:

_	Balance Sheet Location	March 31, 2020		March 31, 2019
Derivatives designated as hedges:
Commodity derivatives	Other current assets	$	-	$	0.6
Commodity derivatives	Other current liabilities		1.3		0.3
Foreign exchange contracts	Other current assets		0.1		0.2
Derivatives not designated as hedges:
Foreign exchange contracts	Other current liabilities	$	-	$	0.5

Derivative Financial Instruments Designated for Hedge Accounting

The amounts associated with derivative financial instruments that the Company designated for hedge accounting were as follows:

	Gain (loss) recognized in other comprehensive income								Statement of Operations	Gain (loss) reclassified from AOCI
	2020			2019			2018		Location	2020			2019			2018
Commodity derivatives	$	(2.6	)	$	(0.3	)	$	0.2	Cost of sales	$	(0.8	)	$	(0.4	)	$	-
Foreign exchange contracts		(0.1	)		(0.4	)		0.1	Net sales		(0.1	)		(0.4	)		0.1
Foreign exchange contracts		0.2			1.0			-	Cost of sales		0.4			0.6			-
Total gains (losses)	$	(2.5	)	$	0.3		$	0.3		$	(0.5	)	$	(0.2	)	$	0.1

Derivative Financial Instruments Not Designated for Hedge Accounting

The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:

_	Statement of Operations Location	Years ended March 31,
_		2020			2019			2018
Commodity derivatives	Cost of sales	$	-		$	-		$	0.4
Foreign exchange contracts	Net sales		(0.1	)		(0.7	)		(0.1	)
Foreign exchange contracts	Other income (expense) - net		(0.1	)		(0.3	)		(0.5	)
Total losses		$	(0.2	)	$	(1.0	)	$	(0.2	)