
	December 31,		March 31,
	2022		2022
Trade accounts receivable	$	1,169.7	$	1,069.5
Other	12.9		9.3
Total accounts receivable, gross	1,182.6		1,078.8
Less: allowance for expected credit losses	7.6		6.2
Total accounts receivable, net	$	1,175.0	$	1,072.6

The Company sells certain of its trade accounts receivable on a non-recourse basis to a third-party financial institution pursuant to a factoring arrangement. The Company accounts for these transactions as sales of receivables and presents cash proceeds as cash provided by operating activities in the consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangement were $208.9 million and $563.8 million for the three and nine months ended December 31, 2022, respectively, compared to $129.4 million and $346.6 million for the three and nine months ended December 31, 2021, respectively. Factoring fees for the sales of receivables were recorded in other income, net and were not material for any of the periods presented. After the sale of its trade accounts receivable, the Company will collect payment from the customer and remit it to the third-party financial institution. The amount of trade accounts receivable sold for which cash has not been collected from the customer is immaterial as of December 31, 2022, and 2021.


	December 31,		March 31,
	2022		2022
Land	$	88.2	$	88.2
Building and building improvements	714.1		674.4
Machinery and equipment	2,624.7		2,471.6
Projects in process	293.4		182.4
Total property, plant and equipment, gross	3,720.4		3,416.6
Less: accumulated depreciation and amortization	2,606.7		2,448.7
Total property, plant and equipment, net	$	1,113.7	$	967.9

Depreciation expense attributed to property, plant and equipment was $55.3 million and $190.6 million for the three and nine months ended December 31, 2022, respectively, compared to $64.9 million and $149.8 million for the three and nine months ended December 31, 2021, respectively. The increase in depreciation expense in the nine months ended December 31, 2022, includes the impact of current production levels, manufacturing expansion activities and moving and repurposing floor space and equipment.

The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amount of such assets may not be recoverable. For each of the three and nine months ended December 31, 2022, and 2021 the Company’s evaluation of its property, plant and equipment did not result in any material impairments.


	December 31,		March 31,
	2022		2022
Accrued compensation and benefits	$	212.4	$	213.7
Income taxes payable	109.9		121.5
Sales related reserves	552.2		408.1
Current portion of lease liabilities	33.7		33.8
Accrued expenses and other liabilities	348.1		277.2
Total accrued liabilities	$	1,256.3	$	1,054.3