Accumulated Other Comprehensive Loss

12 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

Note 21: Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss were as follows:

	Foreign Currency Translation			Defined Benefit Plans			Cash Flow Hedges			Total
Balance, March 31, 2020	$	(61.4	)	$	(160.9	)	$	(1.0	)	$	(223.3	)
Other comprehensive income before reclassifications		30.4			33.8			2.1			66.3
Reclassifications:
Amortization of unrecognized net loss (a)		-			6.7			-			6.7
Realized losses - net (b)		-			-			0.1			0.1
Income taxes		-			(10.4	)		(0.6	)		(11.0	)
Total other comprehensive income		30.4			30.1			1.6			62.1
Balance, March 31, 2021	$	(31.0	)	$	(130.8	)	$	0.6		$	(161.2	)

	Foreign Currency Translation			Defined Benefit Plans			Cash Flow Hedges			Total
Balance, March 31, 2019	$	(42.6	)	$	(136.3	)	$	0.5		$	(178.4	)
Other comprehensive loss before reclassifications		(18.2	)		(38.7	)		(2.5	)		(59.4	)
Reclassifications:
Amortization of unrecognized net loss (a)		-			5.8			-			5.8
Realized losses - net (b)		-			-			0.5			0.5
Foreign currency translation gains (c)		(0.6	)		-			-			(0.6	)
Income taxes		-			8.3			0.5			8.8
Total other comprehensive loss		(18.8	)		(24.6	)		(1.5	)		(44.9	)
Balance, March 31, 2020	$	(61.4	)	$	(160.9	)	$	(1.0	)	$	(223.3	)

(a) Amounts are included in the calculation of net periodic benefit cost for the Company’s defined benefit plans, which include pension and other postretirement plans. See Note 18 for additional information about the Company’s pension plans.

(b) Amounts represent net gains and losses associated with cash flow hedges that were reclassified to net earnings. See Note 19 for additional information regarding derivative instruments.

(c) As a result of the sale of its investment in NEX during fiscal 2020, the Company wrote off $0.6 million of accumulated foreign currency translation gains.