Leases

6 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

Note 15: Leases

Lease Assets and Liabilities

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

-	Balance Sheet Location		September 30, 2020		March 31, 2020
Lease Assets
Operating lease ROU assets	Other noncurrent assets	$	63.3	$	61.4
Finance lease ROU assets (a)	Property, plant and equipment - net		8.5		8.5
Lease Liabilities
Operating lease liabilities	Other current liabilities	$	12.6	$	10.9
Operating lease liabilities	Other noncurrent liabilities		51.2		50.3
Finance lease liabilities	Long-term debt - current portion		0.4		0.4
Finance lease liabilities	Long-term debt		3.3		3.3

(a) Finance lease right of use (“ROU”) assets were recorded net of accumulated amortization of $2.1 million and $1.8 million as of September 30, 2020 and March 31, 2020, respectively.

Components of Lease Expense

The components of lease expense were as follows:

	Three months ended September 30,				Six months ended September 30,
	2020		2019		2020		2019
Operating lease expense (a)	$	5.2	$	5.2	$	10.1	$	10.4
Finance lease expense:
Depreciation of ROU assets		0.1		0.1		0.2		0.2
Interest on lease liabilities		0.1		0.1		0.1		0.1
Total lease expense	$	5.4	$	5.4	$	10.4	$	10.7

(a) For the three and six months ended September 30, 2020, operating lease expense included short-term lease expense of $0.9 million and $1.8 million, respectively.  For the three and six months ended September 30, 2019, operating lease expense included short-term lease expense of $1.0 million and $1.9 million, respectively. Variable lease expense was not significant.