v3.24.1.1.u2
Other Income and Expense (Tables)
 12 Months Ended
Mar. 31, 2024
Other Income and Expense [Abstract]  
Other Income and Expense
Other income and expense consisted of the following:

 
Years ended March 31,
  
   
2024
    
2023
    
2022
  
Interest income
  
$
4.3
    
$
1.3
    
$
0.4
  
Foreign currency transactions (a)
    
(3.0
)
    
(3.7
)
    
(1.4
)
Net periodic benefit cost (b)
    
(3.3
)
    
(2.0
)
    
(1.1
)
Total other expense - net
  
$
(2.0
)
  
$
(4.4
)
  
$
(2.1
)
(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 transactions denominated in a foreign currency and intercompany loans, along with gains and losses on foreign currency exchange contracts.
(b)
Net periodic benefit cost for the Company’s pension and postretirement plans is exclusive of service cost.