Segment Information

3 Months Ended

Jun. 30, 2023

Segment Information [Abstract]

Segment Information

Note 19: Segment Information

The following is a summary of net sales, gross profit and operating income by segment:

	Three months ended June 30,
	2023								2022
	External Sales		Inter-segment Sales			Total			External Sales		Inter-segment Sales			Total
Net sales:
Climate Solutions	$	271.8	$	-		$	271.8		$	244.2	$	0.2		$	244.4
Performance Technologies		350.6		8.3			358.9			296.8		7.5			304.3
Segment total		622.4		8.3			630.7			541.0		7.7			548.7
Corporate and eliminations		-		(8.3	)		(8.3	)		-		(7.7	)		(7.7	)
Net sales	$	622.4	$	-		$	622.4		$	541.0	$	-		$	541.0

	Three months ended June 30,
	2023					2022
	_$’s		% of sales			_$’s		% of sales
Gross profit:
Climate Solutions	$	69.0		25.4	%	$	50.4		20.6	%
Performance Technologies		58.6		16.3	%		33.0		10.8	%
Segment total		127.6		20.2	%		83.4		15.2	%
Corporate and eliminations		0.3		-			-		-
Gross profit	$	127.9		20.6	%	$	83.4		15.4	%

	Three months ended June 30,
	2023			2022
Operating income:
Climate Solutions	$	44.3		$	27.0
Performance Technologies		32.0			7.4
Segment total		76.3			34.4
Corporate and eliminations		(9.8	)		(8.8	)
Operating income	$	66.5		$	25.6

The following is a summary of segment assets, comprised entirely of trade accounts receivable and inventories, and other assets:

	June 30, 2023		March 31, 2023
Assets:
Climate Solutions	$	355.0	$	334.8
Performance Technologies		378.3		388.1
Other (a)		874.6		843.0
Total assets	$	1,607.9	$	1,565.9

(a) Represents cash and cash equivalents, other current assets, property plant and equipment, intangible assets, goodwill, deferred income taxes, and other noncurrent assets for the Climate Solutions and Performance Technologies segments and Corporate.