v3.24.1.1.u2
Restructuring Activities (Tables)
 12 Months Ended
Mar. 31, 2024
Restructuring Activities [Abstract]  
Restructuring and Repositioning Expenses
Restructuring and repositioning expenses were as follows:

 
Years ended March 31,
  
   
2024
    
2023
    
2022
  
Employee severance and related benefits
  
$
12.9
    
$
3.5
    
$
22.1
  
Other restructuring and repositioning expenses
    
2.1
      
1.5
      
2.0
  
Total
  
$
15.0
    
$
5.0
    
$
24.1
  
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:

 
Years ended March 31,
  
   
2024
    
2023
  
Beginning balance
  
$
10.6
    
$
20.2
  
Additions
    
12.9
      
3.5
  
Payments
    
(7.8
)
    
(12.4
)
Disposition (a)
    
(2.5
)
    
-
  
Effect of exchange rate changes
    
(0.2
)
    
(0.7
)
Ending balance
  
$
13.0
    
$
10.6
  
(a)
 The Company sold three automotive businesses based in Germany during the third quarter of fiscal 2024. See Note 2 for additional information regarding the sale.