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Other Income and Expense (Tables)
 3 Months Ended
Jun. 30, 2022
Other Income and Expense [Abstract]  
Other Income and Expense
Other income and expense consisted of the following:

 
Three months ended June 30,
  
   
2022
    
2021
  
Interest income
  
$
0.1
    
$
-
  
Foreign currency transactions (a)
    
(2.0
)
    
0.4
  
Net periodic benefit cost (b)
    
(0.4
)
    
(0.2
)
Total other (expense) income – net
  
$
(2.3
)
  
$
0.2
  
(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.