Revenue Recognition (Tables)

12 Months Ended

Mar. 31, 2023

Revenue Recognition [Abstract]

Disaggregation of Revenue

The tables below present revenue for each of the Company’s operating segments, Climate Solutions and Performance Technologies. Each segment’s revenue is disaggregated by product group, by geographic location and based upon the timing of revenue recognition.

Effective April 1, 2022, the Company began managing its operations under two operating segments, Climate Solutions and Performance Technologies. The Climate Solutions segment includes the previously-reported Building HVAC Systems (“BHVAC”) and the Commercial and Industrial Solutions (“CIS”) segments, with the exception of CIS Coatings. The Performance Technologies segment includes the previously-reported Heavy Duty Equipment (“HDE”) and Automotive segments and the CIS Coatings business. See Note 22 for additional information regarding the Company’s operating segments. The disaggregated revenue information presented in the tables below for fiscal 2022 and 2021 has been recast to be comparable with the fiscal 2023 presentation.

	Year ended March 31, 2023
	Climate Solutions		Performance Technologies		Segment Total
Product groups:
Heat transfer	$	521.2	$	-	$	521.2
HVAC & refrigeration		336.3		-		336.3
Data center cooling		154.0		-		154.0
Air-cooled		-		658.6		658.6
Liquid-cooled		-		483.9		483.9
Advanced solutions		-		143.9		143.9
Inter-segment sales		0.4		29.8		30.2
Net sales	$	1,011.9	$	1,316.2	$	2,328.1
Geographic location:
Americas	$	580.9	$	702.0	$	1,282.9
Europe		406.0		408.5		814.5
Asia		25.0		205.7		230.7
Net sales	$	1,011.9	$	1,316.2	$	2,328.1
Timing of revenue recognition:
Products transferred at a point in time	$	959.8	$	1,242.3	$	2,202.1
Products transferred over time		52.1		73.9		126.0
Net sales	$	1,011.9	$	1,316.2	$	2,328.1

	Year ended March 31, 2022
	Climate Solutions		Performance Technologies		Segment Total
Product groups:
Heat transfer	$	488.3	$	-	$	488.3
HVAC & refrigeration		325.5		-		325.5
Data center cooling		96.3		-		96.3
Air-cooled		-		572.3		572.3
Liquid-cooled		-		448.3		448.3
Advanced solutions		-		119.4		119.4
Inter-segment sales		0.4		32.4		32.8
Net sales	$	910.5	$	1,172.4	$	2,082.9
Geographic location:
Americas	$	485.9	$	585.6	$	1,071.5
Europe		396.7		375.7		772.4
Asia		27.9		211.1		239.0
Net sales	$	910.5	$	1,172.4	$	2,082.9
Timing of revenue recognition:
Products transferred at a point in time	$	889.3	$	1,093.7	$	1,983.0
Products transferred over time		21.2		78.7		99.9
Net sales	$	910.5	$	1,172.4	$	2,082.9

	Year ended March 31, 2021
	Climate Solutions		Performance Technologies		Segment Total
Product groups:
Heat transfer	$	386.9	$	-	$	386.9
HVAC & refrigeration		279.7		-		279.7
Data center cooling		64.5		-		64.5
Air-cooled		-		520.3		520.3
Liquid-cooled		-		458.9		458.9
Advanced solutions		-		98.1		98.1
Inter-segment sales		0.1		31.5		31.6
Net sales	$	731.2	$	1,108.8	$	1,840.0
Geographic location:
Americas	$	379.7	$	472.0	$	851.7
Europe		307.0		411.1		718.1
Asia		44.5		225.7		270.2
Net sales	$	731.2	$	1,108.8	$	1,840.0
Timing of revenue recognition:
Products transferred at a point in time	$	722.7	$	1,044.7	$	1,767.4
Products transferred over time		8.5		64.1		72.6
Net sales	$	731.2	$	1,108.8	$	1,840.0

Contract Assets and Contract Liabilities from Contracts with Customers

Contract assets and contract liabilities from contracts with customers were as follows:

	March 31, 2023		March 31, 2022
Contract assets	$	19.3	$	26.8
Contract liabilities		21.5		11.8