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Segment Information (Tables)
 6 Months Ended
Sep. 30, 2023
Segment Information [Abstract]  
Net Sales, Gross Profit, Operating Income and Assets by Segment
The following is a summary of net sales, gross profit and operating income by segment:

 
Three months ended September 30,
  

 
2023
    
2022
  
   
External
Sales
    
Inter-segment
Sales
    
Total
    
External
Sales
    
Inter-segment
Sales
    
Total
  
Net sales:
                                    
Climate Solutions
   $ 275.8     $ -     $ 275.8     $ 255.8     $ 0.1     $ 255.9  
Performance Technologies
     344.7       7.0       351.7       323.0       7.0       330.0  
Segment total
    
620.5
      
7.0
      
627.5
      
578.8
      
7.1
      
585.9
  
Corporate and eliminations
    
-
      
(7.0
)
    
(7.0
)
    
-
      
(7.1
)
    
(7.1
)
Net sales
  
$
620.5
    
$
-
    
$
620.5
    
$
578.8
    
$
-
    
$
578.8
  

 
Six months ended September 30,
  
   
2023
    
2022
  
   
External
Sales
    
Inter-segment
Sales
    
Total
    
External
Sales
    
Inter-segment
Sales
    
Total
  
Net sales:
                                    
Climate Solutions
   $
547.6     $
-     $
547.6     $
500.0     $
0.3     $
500.3  
Performance Technologies
     695.3       15.3       710.6       619.8       14.5       634.3  
Segment total
    
1,242.9
      
15.3
      
1,258.2
      
1,119.8
      
14.8
      
1,134.6
  
Corporate and eliminations
    
-
      
(15.3
)
    
(15.3
)
    
-
      
(14.8
)
    
(14.8
)
Net sales
  
$
1,242.9
    
$
-
    
$
1,242.9
    
$
1,119.8
    
$
-
    
$
1,119.8
  

 
Three months ended September 30,
  
Six months ended September 30,
  
   
2023
  
2022
  
2023
  
2022
  
     $’s   % of sales   $’s   % of sales   $’s   % of sales   $’s   % of sales  
Gross profit:
                                  
Climate Solutions   $ 71.8       26.0 %   $ 57.3       22.4 %   $ 140.8       25.7 %   $ 107.7       21.5 %
Performance Technologies     62.8       17.8 %     39.2       11.9 %     121.4       17.1 %     72.2       11.4 %
Segment total
    
134.6
      
21.4
%
    
96.5
      
16.5
%
    
262.2
      
20.8
%
    
179.9
      
15.9
%
Corporate and eliminations
    
0.5
      
-
      
(0.3
)
    
-
      
0.8
      
-
      
(0.3
)
    
-
  
Gross profit
  
$
135.1
      
21.8
%
  
$
96.2
      
16.6
%
  
$
263.0
      
21.2
%
  
$
179.6
      
16.0
%

 
Three months ended
September 30,
    
Six months ended
September 30,
  
   
2023
    
2022
    
2023
    
2022
  
Operating income:
                        
Climate Solutions   $
44.6     $ 32.7     $
88.9     $
59.7  
Performance Technologies     33.6       16.3       65.6       23.7  
Segment total
    
78.2
      
49.0
   
154.5
      
83.4
Corporate and eliminations
    
(12.5
)
    
(12.2
)
    
(22.3
)
    
(21.0
)
Operating income
  
$
65.7
    
$
36.8
 
$
132.2
    
$
62.4

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

 
September 30, 2023
    
March 31, 2023
  
Assets:
            
Climate Solutions   $
336.8     $
334.8  
Performance Technologies     361.7       388.1  
Other (a)
     906.6       843.0  
Total assets
  
$
1,605.1
    
$
1,565.9
  
 
(a)
Represents cash and cash equivalents, assets held for sale, 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.