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Segment Information (Tables) | 9 Months Ended
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Dec. 31, 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 December 31, |
|  | 2023 |  |  | 2022 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Solutions |  | $ | 242.5 |  |  | $ | - |  |  | $ | 242.5 |  |  | $ | 248.6 |  |  | $ | - |  |  | $ | 248.6 |
Performance Technologies |  |  | 318.9 |  |  |  | 4.1 |  |  |  | 323.0 |  |  |  | 311.4 |  |  |  | 6.4 |  |  |  | 317.8 |
Segment total |  |  | 561.4 |  |  |  | 4.1 |  |  |  | 565.5 |  |  |  | 560.0 |  |  |  | 6.4 |  |  |  | 566.4 |
Corporate and eliminations |  |  | - |  |  |  | (4.1 | ) |  |  | (4.1 | ) |  |  | - |  |  |  | (6.4 | ) |  |  | (6.4 | )
Net sales |  | $ | 561.4 |  |  | $ | - |  |  | $ | 561.4 |  |  | $ | 560.0 |  |  | $ | - |  |  | $ | 560.0 |
|  | Nine months ended December 31, |
|  | 2023 |  |  | 2022 |
|  | External Sales |  |  | Inter-segment Sales |  |  | Total |  |  | External Sales |  |  | Inter-segment Sales |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Solutions |  | $ | 790.1 |  |  | $ | - |  |  | $ | 790.1 |  |  | $ | 748.6 |  |  | $ | 0.3 |  |  | $ | 748.9 |
Performance Technologies |  |  | 1,014.2 |  |  |  | 19.4 |  |  |  | 1,033.6 |  |  |  | 931.2 |  |  |  | 20.9 |  |  |  | 952.1 |
Segment total |  |  | 1,804.3 |  |  |  | 19.4 |  |  |  | 1,823.7 |  |  |  | 1,679.8 |  |  |  | 21.2 |  |  |  | 1,701.0 |
Corporate and eliminations |  |  | - |  |  |  | (19.4 | ) |  |  | (19.4 | ) |  |  | - |  |  |  | (21.2 | ) |  |  | (21.2 | )
Net sales |  | $ | 1,804.3 |  |  | $ | - |  |  | $ | 1,804.3 |  |  | $ | 1,679.8 |  |  | $ | - |  |  | $ | 1,679.8 |
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | $’s |  |  | % of sales |  |  | $’s |  |  | % of sales |  |  | $’s |  |  | % of sales |  |  | $’s |  |  | % of sales |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Solutions |  | $ | 66.1 |  |  | 27.3 | % |  | $ | 54.8 |  |  | 22.0 | % |  | $ | 206.9 |  |  | 26.2 | % |  | $ | 162.5 |  |  | 21.7 | %
Performance Technologies |  |  | 61.0 |  |  | 18.9 | % |  |  | 43.0 |  |  | 13.5 | % |  |  | 182.4 |  |  | 17.6 | % |  |  | 115.2 |  |  | 12.1 | %
Segment total |  |  | 127.1 |  |  | 22.5 | % |  |  | 97.8 |  |  | 17.3 | % |  |  | 389.3 |  |  | 21.3 | % |  |  | 277.7 |  |  | 16.3 | %
Corporate and eliminations |  |  | 0.2 |  |  | - |  |  |  | (0.2 | ) |  | - |  |  |  | 1.0 |  |  | - |  |  |  | (0.5 | ) |  | - |
Gross profit |  | $ | 127.3 |  |  | 22.7 | % |  | $ | 97.6 |  |  | 17.4 | % |  | $ | 390.3 |  |  | 21.6 | % |  | $ | 277.2 |  |  | 16.5 | %
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
Climate Solutions |  | $ | 38.8 |  |  | $ | 30.2 |  |  | $ | 127.7 |  |  | $ | 89.9 |
Performance Technologies |  |  | 31.2 |  |  |  | 17.4 |  |  |  | 96.8 |  |  |  | 41.1 |
Segment total |  |  | 70.0 |  |  |  | 47.6 |  |  |  | 224.5 |  |  |  | 131.0 |
Corporate and eliminations |  |  | (8.3 | ) |  |  | (8.1 | ) |  |  | (30.6 | ) |  |  | (29.1 | )
Operating income |  | $ | 61.7 |  |  | $ | 39.5 |  |  | $ | 193.9 |  |  | $ | 101.9 |
The following is a summary of segment assets, comprised entirely of trade accounts receivable and inventories, and other assets:
|  | December 31, 2023 |  |  | March 31, 2023 |
Assets: |  |  |  |  |  |
Climate Solutions |  | $ | 348.0 |  |  | $ | 334.8 |
Performance Technologies |  |  | 357.7 |  |  |  | 388.1 |
Other (a) |  |  | 945.7 |  |  |  | 843.0 |
Total assets |  | $ | 1,651.4 |  |  | $ | 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.

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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