v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the major line items constituting income (loss) of discontinued operations associated with the Dental segment for the years ended March 31, 2025, and 2024:
(in millions)
Years Ended March 31,20252024
Revenues:
Product$63.9 $407.0 
Cost of revenues:
Product35.1 226.9 
Gross profit:28.8 180.1 
Operating expenses:
Selling, general, and administrative13.5 199.5 
Goodwill impairment loss— — 
Research and development0.4 3.0 
Income (loss) from operations (1)
15.0 (22.4)
Non-operating expenses (income), net— — 
Pre-tax loss on sale (2)
(14.0)(206.4)
Income (loss) before income tax expense1.0 (228.8)
Income tax benefit(3.6)(55.6)
Income (loss) from discontinued operations, net of income tax$4.5 $(173.2)
(1) Income from operations for the year ended March 31, 2025 includes two months of operating results prior to the transaction close on May 31, 2024 and excludes depreciation and amortization of property, plant, equipment, and intangible assets subsequent to the held for sale classification as of March 2, 2024.
(2) Fiscal 2025 pre-tax loss on sale driven by sale price adjustments relating to working capital. Fiscal 2024 amount relates to accrued transaction costs and the estimated accrued loss included in held for sale as of March 31, 2024.
Significant non-cash operating items and capital expenditures related to discontinued operations are reflected in the statement of cash flows as follows:
(in millions)20252024
Operating activities of discontinued operations:
Depreciation, depletion, and amortization (1)
$— $115.2 
Investing activities of discontinued operations:
Purchases of property, plant, equipment, and intangibles$(0.4)$(9.2)
(1) We concluded that the criteria to report assets held for sale was met on March 2, 2024, as such we did not depreciate or amortize related property, plant, equipment and intangible assets subsequent to this date.