XML 23 R13.htm IDEA: XBRL DOCUMENT v3.24.0.1
Pensions
9 Months Ended
Dec. 31, 2023
Pensions [Abstract]  
Pensions
Note 5: Pensions

Pension cost included the following components:


  Three months ended December 31,     Nine months ended December 31,  
   
2023
   
2022
   
2023
   
2022
 
Service cost
 
$
-
   
$
0.1
   
$
0.1
   
$
0.2
 
Interest cost
   
2.3
     
2.0
     
7.1
     
6.0
 
Expected return on plan assets
   
(2.5
)
   
(2.9
)
   
(7.7
)
   
(8.7
)
Amortization of unrecognized net loss
   
1.1
     
1.4
     
3.4
     
4.3
 
Net periodic benefit cost
 
$
0.9
   
$
0.6
   
$
2.9
   
$
1.8
 

The Company’s funding policy is to contribute annually, at a minimum, the amount necessary on an actuarial basis to provide for benefits in accordance with applicable laws and regulations. In connection with funding relief provisions within the American Rescue Plan Act of 2021, the Company did not make cash contributions to its U.S. pension plans during the first nine months of fiscal 2024. The Company expects to contribute $0.9 million to its U.S. pension plans during the fourth quarter of fiscal 2024.