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Segment Information (Tables)

3 Months Ended

Jun. 30, 2022

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 June 30,
		2022												2021
		External Sales				Inter-segment Sales				Total				External Sales				Inter-segment Sales				Total
Net sales:
Climate Solutions		$	244.2			$	0.2			$	244.4			$	206.5			$	-			$	206.5
Performance Technologies			296.8				7.5				304.3				288.1				9.0				297.1
Segment total			541.0				7.7				548.7				494.6				9.0				503.6
Corporate and eliminations			-				(7.7	)			(7.7	)			-				(9.0	)			(9.0	)
Net sales		$	541.0			$	-			$	541.0			$	494.6			$	-			$	494.6

		Three months ended June 30,
		2022								2021
		_$’s				% of sales				_$’s				% of sales
Gross profit:
Climate Solutions		$	50.4				20.6	%		$	32.6				15.8	%
Performance Technologies			33.0				10.8	%			40.2				13.5	%
Segment total			83.4				15.2	%			72.8				14.5	%
Corporate and eliminations			-				-				0.4				-
Gross profit		$	83.4				15.4	%		$	73.2				14.8	%

		Three months ended June 30,
		2022				2021
Operating income:
Climate Solutions		$	27.0			$	10.7
Performance Technologies			7.4				15.7
Segment total			34.4				26.4
Corporate and eliminations			(8.8	)			(17.7	)
Operating income		$	25.6			$	8.7

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

		June 30, 2022				March 31, 2022
Assets:
Climate Solutions		$	325.0			$	291.7
Performance Technologies			339.3				357.0
Other (a)			760.3				778.3
Total assets		$	1,424.6			$	1,427.0

(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.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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