v3.26.1
Restructuring Activities (Tables)
12 Months Ended
Mar. 31, 2026
Restructuring Activities  
Restructuring and Repositioning Expenses

Restructuring and repositioning expenses were as follows:

  ​ ​ ​

Years ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Employee severance and related benefits

$

12.9

$

24.3

$

12.9

Other restructuring and repositioning expenses

 

7.7

 

3.9

 

2.1

Total

$

20.6

$

28.2

$

15.0

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, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Beginning balance

$

6.6

$

13.0

Additions (a)

 

10.8

 

18.3

Payments

 

(14.0)

 

(24.6)

Effect of exchange rate changes

 

0.2

 

(0.1)

Ending balance

$

3.6

$

6.6

____

(a)The fiscal 2026 and 2025 amounts exclude $2.1 million and $6.0 million, respectively, of non-cash severance-expense resulting from the accelerated vesting of certain stock-based compensation awards in connection with restructuring actions.