v3.26.1
Other Income and Expense
 12 Months Ended
Mar. 31, 2026
Other Income and Expense  
Other Income and Expense

Note 7:  Other Income and Expense

Other income and expense consisted of the following:

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Years ended March 31, 

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2026

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2025

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2024

Interest income

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$

2.0

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$

2.7

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$

4.3

Foreign currency transactions (a)

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(6.7)

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(1.2)

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(3.0)

Net periodic benefit cost (b)

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(3.5)

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(4.6)

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(3.3)

Total other expense – net

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$

(8.2)

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$

(3.1)

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$

(2.0)

____

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(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 intercompany loans and transactions denominated in a foreign currency, along with gains and losses on certain foreign currency exchange contracts.
(b)Net periodic benefit cost for the Company’s pension and postretirement plans is exclusive of service cost and the $116.1 million pension termination charge recorded in fiscal 2026. See Note 18 for additional information.