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Revenue Recognition (Tables) | 12 Months Ended
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Mar. 31, 2022
Revenue Recognition [Abstract] |
Disaggregation of Revenue | The tables below present revenue for each of the Company’s business segments, BHVAC, CIS, HDE, and Automotive. Each segment’s revenue is disaggregated by primary end market, by geographic location and based upon the timing of revenue recognition and includes inter-segment sales. Effective July 1, 2021, the Company aligned the data center businesses previously managed by and reported within the CIS segment under the BHVAC segment; see Note 22 for additional information regarding the Company’s operating segments. In connection with this segment realignment, the Company also reassessed end market classifications within the impacted businesses. The primary end market revenue information presented in the tables below for fiscal 2021 and 2020 has been recast to conform to the Company’s new classifications for its end markets.
|  | Year ended March 31, 2022 |
|  | BHVAC |  |  | CIS |  |  | HDE |  |  | Automotive |  |  | Segment Total |
Primary end market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial HVAC&R |  | $ | 238.0 |  |  | $ | 546.6 |  |  | $ | - |  |  | $ | - |  |  | $ | 784.6 |
Data center cooling |  |  | 96.6 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 96.6 |
Industrial cooling |  |  | - |  |  |  | 69.8 |  |  |  | - |  |  |  | - |  |  |  | 69.8 |
Commercial vehicle |  |  | - |  |  |  | - |  |  |  | 319.7 |  |  |  | 14.5 |  |  |  | 334.2 |
Off-highway |  |  | - |  |  |  | - |  |  |  | 331.9 |  |  |  | 4.7 |  |  |  | 336.6 |
Automotive and light vehicle |  |  | - |  |  |  | - |  |  |  | 84.0 |  |  |  | 286.0 |  |  |  | 370.0 |
Other |  |  | 2.0 |  |  |  | 11.1 |  |  |  | 88.9 |  |  |  | 8.1 |  |  |  | 110.1 |
Net sales |  | $ | 336.6 |  |  | $ | 627.5 |  |  | $ | 824.5 |  |  | $ | 313.3 |  |  | $ | 2,101.9 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 187.6 |  |  | $ | 336.9 |  |  | $ | 511.6 |  |  | $ | 38.2 |  |  | $ | 1,074.3 |
Europe |  |  | 149.0 |  |  |  | 262.7 |  |  |  | 156.3 |  |  |  | 220.5 |  |  |  | 788.5 |
Asia |  |  | - |  |  |  | 27.9 |  |  |  | 156.6 |  |  |  | 54.6 |  |  |  | 239.1 |
Net sales |  | $ | 336.6 |  |  | $ | 627.5 |  |  | $ | 824.5 |  |  | $ | 313.3 |  |  | $ | 2,101.9 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 318.0 |  |  | $ | 580.9 |  |  | $ | 789.8 |  |  | $ | 313.3 |  |  | $ | 2,002.0 |
Products transferred over time |  |  | 18.6 |  |  |  | 46.6 |  |  |  | 34.7 |  |  |  | - |  |  |  | 99.9 |
Net sales |  | $ | 336.6 |  |  | $ | 627.5 |  |  | $ | 824.5 |  |  | $ | 313.3 |  |  | $ | 2,101.9 |
|  | Year ended March 31, 2021 |
|  | BHVAC |  |  | CIS |  |  | HDE |  |  | Automotive |  |  | Segment Total |
Primary end market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial HVAC&R |  | $ | 197.5 |  |  | $ | 429.8 |  |  | $ | - |  |  | $ | - |  |  | $ | 627.3 |
Data center cooling |  |  | 64.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 64.5 |
Industrial cooling |  |  | - |  |  |  | 72.1 |  |  |  | - |  |  |  | - |  |  |  | 72.1 |
Commercial vehicle |  |  | - |  |  |  | - |  |  |  | 250.4 |  |  |  | 14.4 |  |  |  | 264.8 |
Off-highway |  |  | - |  |  |  | - |  |  |  | 260.7 |  |  |  | 3.4 |  |  |  | 264.1 |
Automotive and light vehicle |  |  | - |  |  |  | - |  |  |  | 97.9 |  |  |  | 357.8 |  |  |  | 455.7 |
Other |  |  | 1.2 |  |  |  | 10.5 |  |  |  | 73.1 |  |  |  | 22.7 |  |  |  | 107.5 |
Net sales |  | $ | 263.2 |  |  | $ | 512.4 |  |  | $ | 682.1 |  |  | $ | 398.3 |  |  | $ | 1,856.0 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 144.2 |  |  | $ | 268.7 |  |  | $ | 388.2 |  |  | $ | 51.0 |  |  | $ | 852.1 |
Europe |  |  | 119.0 |  |  |  | 199.2 |  |  |  | 133.2 |  |  |  | 282.0 |  |  |  | 733.4 |
Asia |  |  | - |  |  |  | 44.5 |  |  |  | 160.7 |  |  |  | 65.3 |  |  |  | 270.5 |
Net sales |  | $ | 263.2 |  |  | $ | 512.4 |  |  | $ | 682.1 |  |  | $ | 398.3 |  |  | $ | 1,856.0 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 257.4 |  |  | $ | 472.5 |  |  | $ | 655.2 |  |  | $ | 398.3 |  |  | $ | 1,783.4 |
Products transferred over time |  |  | 5.8 |  |  |  | 39.9 |  |  |  | 26.9 |  |  |  | - |  |  |  | 72.6 |
Net sales |  | $ | 263.2 |  |  | $ | 512.4 |  |  | $ | 682.1 |  |  | $ | 398.3 |  |  | $ | 1,856.0 |
|  | Year ended March 31, 2020 |
|  | BHVAC |  |  | CIS |  |  | HDE |  |  | Automotive |  |  | Segment Total |
Primary end market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial HVAC&R |  | $ | 197.5 |  |  | $ | 462.9 |  |  | $ | - |  |  | $ | - |  |  | $ | 660.4 |
Data center cooling |  |  | 106.9 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 106.9 |
Industrial cooling |  |  | - |  |  |  | 66.7 |  |  |  | - |  |  |  | - |  |  |  | 66.7 |
Commercial vehicle |  |  | - |  |  |  | - |  |  |  | 302.1 |  |  |  | 21.6 |  |  |  | 323.7 |
Off-highway |  |  | - |  |  |  | - |  |  |  | 240.8 |  |  |  | 13.1 |  |  |  | 253.9 |
Automotive and light vehicle |  |  | - |  |  |  | - |  |  |  | 108.4 |  |  |  | 400.4 |  |  |  | 508.8 |
Other |  |  | 2.1 |  |  |  | 11.5 |  |  |  | 94.6 |  |  |  | 9.8 |  |  |  | 118.0 |
Net sales |  | $ | 306.5 |  |  | $ | 541.1 |  |  | $ | 745.9 |  |  | $ | 444.9 |  |  | $ | 2,038.4 |
Geographic location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 175.8 |  |  | $ | 309.2 |  |  | $ | 484.5 |  |  | $ | 70.3 |  |  | $ | 1,039.8 |
Europe |  |  | 130.7 |  |  |  | 186.5 |  |  |  | 141.2 |  |  |  | 321.0 |  |  |  | 779.4 |
Asia |  |  | - |  |  |  | 45.4 |  |  |  | 120.2 |  |  |  | 53.6 |  |  |  | 219.2 |
Net sales |  | $ | 306.5 |  |  | $ | 541.1 |  |  | $ | 745.9 |  |  | $ | 444.9 |  |  | $ | 2,038.4 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 240.4 |  |  | $ | 501.5 |  |  | $ | 715.1 |  |  | $ | 444.9 |  |  | $ | 1,901.9 |
Products transferred over time |  |  | 66.1 |  |  |  | 39.6 |  |  |  | 30.8 |  |  |  | - |  |  |  | 136.5 |
Net sales |  | $ | 306.5 |  |  | $ | 541.1 |  |  | $ | 745.9 |  |  | $ | 444.9 |  |  | $ | 2,038.4 |
Contract Assets and Contract Liabilities from Contracts with Customers | Contract assets and contract liabilities from contracts with customers were as follows:
|  | March 31, 2022 |  |  | March 31, 2021 |
Contract assets |  | $ | 26.8 |  |  | $ | 5.7 |
Contract liabilities |  |  | 11.8 |  |  |  | 5.6 |

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