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Employee Benefit Plans (Tables)
12 Months Ended
Mar. 31, 2020
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The aggregate net pension expense relating to these two plans is as follows (in millions):

 
Year Ended March 31,
 
2020
 
2019
 
2018
Service costs
$
1.7

 
$
1.5

 
$
2.2

Interest costs
0.9

 
1.1

 
1.0

Amortization of actuarial loss
0.8

 
0.4

 
0.8

Net pension period cost
$
3.4

 
$
3.0

 
$
4.0


Schedule of Changes in Projected Benefit Obligations
The change in projected benefit obligation and the accumulated benefit obligation, were as follows (in millions):

 
Year Ended March 31,
 
2020
 
2019
Projected benefit obligation at the beginning of the year
$
72.7

 
$
61.0

Additions due to acquisition of Microsemi

 
9.8

Service cost
1.7

 
1.5

Interest cost
0.9

 
1.1

Actuarial losses
(2.6
)
 
6.0

Benefits paid
(1.5
)
 
(0.9
)
Foreign currency exchange rate changes
(1.2
)
 
(5.8
)
Projected benefit obligation at the end of the year
$
70.0

 
$
72.7

Accumulated benefit obligation at the end of the year
$
65.1

 
$
66.7

Weighted average assumptions
 
 
 
Discount rate
1.48
%
 
1.41
%
Rate of compensation increase
2.77
%
 
2.79
%

Schedule of Assumptions Used
The change in projected benefit obligation and the accumulated benefit obligation, were as follows (in millions):

 
Year Ended March 31,
 
2020
 
2019
Projected benefit obligation at the beginning of the year
$
72.7

 
$
61.0

Additions due to acquisition of Microsemi

 
9.8

Service cost
1.7

 
1.5

Interest cost
0.9

 
1.1

Actuarial losses
(2.6
)
 
6.0

Benefits paid
(1.5
)
 
(0.9
)
Foreign currency exchange rate changes
(1.2
)
 
(5.8
)
Projected benefit obligation at the end of the year
$
70.0

 
$
72.7

Accumulated benefit obligation at the end of the year
$
65.1

 
$
66.7

Weighted average assumptions
 
 
 
Discount rate
1.48
%
 
1.41
%
Rate of compensation increase
2.77
%
 
2.79
%

Schedule of Expected Benefit Payments
Future estimated expected benefit payments for fiscal year 2021 through 2030 are as follows (in millions):

Fiscal Year Ending March 31,
Expected Benefit Payments
2021
$
1.3

2022
1.5

2023
1.8

2024
2.4

2025
2.2

2026 through 2030
12.9

Total
$
22.1