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Revenue Recognition (Tables) | 3 Months Ended
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Jun. 30, 2019
Revenue Recognition [Abstract] |
Disaggregation of Revenue | The table below presents revenue for each of the Company’s business segments, Vehicular Thermal Solutions (“VTS”), Commercial and Industrial Solutions (“CIS”) and Building HVAC Systems (“BHVAC”). Each segment’s revenue is disaggregated by primary end market, by geographic location and based upon the timing of revenue recognition.
|  | Three months ended June 30, 2019 |
|  | VTS |  |  | CIS |  |  | BHVAC |  |  | Segment Total |
Primary end market: |  |  |  |  |  |  |  |  |  |  |  |
Automotive |  | $ | 129.2 |  |  | $ | - |  |  | $ | - |  |  | $ | 129.2 |
Commercial vehicle |  |  | 98.7 |  |  |  | - |  |  |  | - |  |  |  | 98.7 |
Off-highway |  |  | 73.9 |  |  |  | - |  |  |  | - |  |  |  | 73.9 |
Commercial HVAC&R |  |  | - |  |  |  | 130.9 |  |  |  | 38.0 |  |  |  | 168.9 |
Data center cooling |  |  | - |  |  |  | 24.2 |  |  |  | 10.6 |  |  |  | 34.8 |
Industrial cooling |  |  | - |  |  |  | 11.4 |  |  |  | - |  |  |  | 11.4 |
Other |  |  | 24.7 |  |  |  | 2.3 |  |  |  | 0.4 |  |  |  | 27.4 |
Net sales |  | $ | 326.5 |  |  | $ | 168.8 |  |  | $ | 49.0 |  |  | $ | 544.3 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 153.3 |  |  | $ | 97.1 |  |  | $ | 29.1 |  |  | $ | 279.5 |
Europe |  |  | 126.1 |  |  |  | 58.6 |  |  |  | 19.9 |  |  |  | 204.6 |
Asia |  |  | 47.1 |  |  |  | 13.1 |  |  |  | - |  |  |  | 60.2 |
Net sales |  | $ | 326.5 |  |  | $ | 168.8 |  |  | $ | 49.0 |  |  | $ | 544.3 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 319.1 |  |  | $ | 143.9 |  |  | $ | 49.0 |  |  | $ | 512.0 |
Products transferred over time |  |  | 7.4 |  |  |  | 24.9 |  |  |  | - |  |  |  | 32.3 |
Net sales |  | $ | 326.5 |  |  | $ | 168.8 |  |  | $ | 49.0 |  |  | $ | 544.3 |
|  | Three months ended June 30, 2018 |
|  | VTS |  |  | CIS |  |  | BHVAC |  |  | Segment Total |
Primary end market: |  |  |  |  |  |  |  |  |  |  |  |
Automotive |  | $ | 145.1 |  |  | $ | - |  |  | $ | - |  |  | $ | 145.1 |
Commercial vehicle |  |  | 99.7 |  |  |  | - |  |  |  | - |  |  |  | 99.7 |
Off-highway |  |  | 83.8 |  |  |  | - |  |  |  | - |  |  |  | 83.8 |
Commercial HVAC&R |  |  | - |  |  |  | 135.3 |  |  |  | 32.0 |  |  |  | 167.3 |
Data center cooling |  |  | - |  |  |  | 34.1 |  |  |  | 12.2 |  |  |  | 46.3 |
Industrial cooling |  |  | - |  |  |  | 11.5 |  |  |  | - |  |  |  | 11.5 |
Other |  |  | 24.2 |  |  |  | 3.0 |  |  |  | 0.8 |  |  |  | 28.0 |
Net sales |  | $ | 352.8 |  |  | $ | 183.9 |  |  | $ | 45.0 |  |  | $ | 581.7 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 150.9 |  |  | $ | 104.8 |  |  | $ | 25.3 |  |  | $ | 281.0 |
Europe |  |  | 148.4 |  |  |  | 65.2 |  |  |  | 19.7 |  |  |  | 233.3 |
Asia |  |  | 53.5 |  |  |  | 13.9 |  |  |  | - |  |  |  | 67.4 |
Net sales |  | $ | 352.8 |  |  | $ | 183.9 |  |  | $ | 45.0 |  |  | $ | 581.7 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 342.8 |  |  | $ | 153.6 |  |  | $ | 45.0 |  |  | $ | 541.4 |
Products transferred over time |  |  | 10.0 |  |  |  | 30.3 |  |  |  | - |  |  |  | 40.3 |
Net sales |  | $ | 352.8 |  |  | $ | 183.9 |  |  | $ | 45.0 |  |  | $ | 581.7 |
Contract Assets and Contract Liabilities from Contracts with Customers | Contract assets and contract liabilities from contracts with customers were as follows:
|  | June 30, 2019 |  |  | March 31, 2019 |
Contract assets |  | $ | 24.2 |  |  | $ | 22.6 |
Contract liabilities |  |  | 4.9 |  |  |  | 4.0 |

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