v3.26.1
Restructuring (Tables)
12 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The following table summarizes our total pre-tax restructuring expenses recorded in fiscal 2026 and 2025 related to the Restructuring Plan:
(in millions)
Restructuring Plan
Years Ended March 31,202620252024
Severance and other compensation related costs$2.6 $29.0 $0.7 
Lease and other contract termination and other costs1.5 12.4 — 
Product rationalization (1)
(0.7)16.2 18.3 
Accelerated depreciation and amortization and asset impairment 4.7 25.4 
Total Restructuring Expense
$3.4 $62.3 $44.4 
(1) Recorded in Cost of revenues on the Consolidated Statements of Income.
Schedule of Restructuring Reserve by Type of Cost The following table summarizes our restructuring liability balances:
(in millions)Restructuring Plan
Balance at March 31, 2024$0.7 
Fiscal 2025 charges41.4 
Payments(23.7)
Balance at March 31, 2025$18.4 
Fiscal 2026 charges4.1 
Payments
(15.4)
Balance at March 31, 2026$7.1