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Restructuring Activities (Tables)
6 Months Ended
Sep. 30, 2024
Restructuring Activities  
Restructuring and Repositioning Expenses

Restructuring and repositioning expenses were as follows:

    

Three months ended September 30, 

    

Six months ended September 30, 

    

2024

    

2023

    

2024

    

2023

Employee severance and related benefits

$

3.2

$

0.1

$

8.0

$

0.1

Other restructuring and repositioning expenses

 

1.3

 

0.4

 

1.9

 

0.4

Total

$

4.5

$

0.5

$

9.9

$

0.5

Changes in Accrued Severance

The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:

    

Three months ended September 30, 

    

2024

    

2023

Beginning balance

$

8.6

$

8.9

Additions

 

3.2

 

0.1

Payments

 

(4.1)

 

(3.1)

Reclassified as held for sale (a)

(2.5)

Effect of exchange rate changes

 

0.2

 

(0.2)

Ending balance

$

7.9

$

3.2

    

Six months ended September 30, 

    

2024

    

2023

Beginning balance

$

13.0

$

10.6

Additions

 

8.0

 

0.1

Payments

 

(13.3)

 

(4.9)

Reclassified as held for sale (a)

(2.5)

Effect of exchange rate changes

 

0.2

 

(0.1)

Ending balance

$

7.9

$

3.2

____

(a)The Company reclassified the assets and liabilities of three businesses based in Germany as held for sale on the September 30, 2023 balance sheet.  These businesses were subsequently sold in October 2023.  See Note 2 for additional information regarding the sale.