v3.26.1
Property, Plant and Equipment
 12 Months Ended
Mar. 31, 2026
Property, Plant and Equipment  
Property, Plant and Equipment

Note 12:  Property, Plant and Equipment

Property, plant and equipment, including depreciable lives, consisted of the following:

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​

​

​

​

​

​

​

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March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Land

​

$

19.1

​

$

16.4

Buildings and improvements (10-40 years)

​

 

291.1

​

 

257.7

Machinery and equipment (3-15 years)

​

 

904.1

​

 

843.7

Office equipment (3-10 years)

​

 

92.2

​

 

92.6

Construction in progress

​

 

116.1

​

 

69.5

​

​

 

1,422.6

​

 

1,279.9

Less: accumulated depreciation

​

 

(901.7)

​

 

(889.4)

Net property, plant and equipment

​

$

520.9

​

$

390.5

​

The March 31, 2026 and 2025 property, plant and equipment in the table above exclude amounts classified as held for sale. See Note 2 for additional information.

Depreciation expense totaled $58.7 million, $50.3 million, and $46.9 million in fiscal 2026, 2025 and 2024, respectively.

Gains and losses related to the disposal of property, plant and equipment are recorded within SG&A expenses. For fiscal 2026, 2025 and 2024, gains and losses related to the disposal of property, plant and equipment were not significant.