Note 13: Leases Lease assets and liabilities The following table provides a summary of leases recorded on the combined balance sheets. | | | | | | | | | | | Balance Sheet Location | | June 30, 2026 | | March 31, 2026 | Lease Assets | | | | | | | | | Operating lease ROU assets | | Other noncurrent assets | | $ | 20.2 | | $ | 21.4 | Finance lease ROU assets (a) | | Property, plant and equipment - net | | | 4.6 | | | 4.8 | | | | | | | | | | Lease Liabilities | | | | | | | | | Operating lease liabilities | | Other current liabilities | | $ | 6.3 | | $ | 6.2 | Operating lease liabilities | | Other noncurrent liabilities | | | 13.2 | | | 13.8 | Finance lease liabilities | | Other current liabilities | | | 0.5 | | | 0.5 | Finance lease liabilities | | Other noncurrent liabilities | | | 1.6 | | | 1.7 | ____ | | | | | | | | |
| (a) | Finance lease right of use (“ROU”) assets were recorded net of accumulated amortization of $2.4 million at both June 30, 2026 and March 31, 2026. |
Components of lease expense The components of lease expense were as follows: | | | | | | | | | Three months ended June 30, | | | 2026 | | 2025 | Operating lease expense (a) | | $ | 2.5 | | $ | 2.8 | Finance lease expense: | | | | | | | Depreciation of ROU assets | | | 0.1 | | | 0.1 | Interest on lease liabilities | | | — | | | — | Total lease expense | | $ | 2.6 | | $ | 2.9 | ____ | | | | | | |
| (a) | For the three months ended June 30, 2026 and 2025, operating lease expense included short-term lease expense of $0.7 million and $0.9 million, respectively. |
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