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Other Income and Expense
 9 Months Ended
Dec. 31, 2020
Other Income and Expense [Abstract]  
Other Income and Expense
Note 8: Other Income and Expense

Other income and expense consisted of the following:

  
Three months ended
December 31,
    
Nine months ended
December 31,
  
   
2020
    
2019
    
2020
    
2019
  
Interest income
  
$
0.1
    
$
0.1
    
$
0.4
    
$
0.3
  
Foreign currency transactions (a)
    
0.2
      
0.7
      
0.9
      
(0.7
)
Net periodic benefit cost (b)
    
(0.8
)
    
(0.7
)
    
(2.3
)
    
(2.1
)
Equity in earnings of non-consolidated affiliate (c)
    
-
      
-
      
-
      
0.2
  
Total other (expense) income - net
  
$
(0.5
)
  
$
0.1
    
$
(1.0
)
  
$
(2.3
)
(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 certain foreign currency exchange contracts.
(b)
Net periodic benefit cost for the Company’s pension and postretirement plans is exclusive of service cost.
(c)
The Company sold its ownership interest in NEX during the second quarter of fiscal 2020. See Note 1 for additional information.