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Revenue Recognition (Tables)

3 Months Ended

Jun. 30, 2024

Revenue Recognition [Abstract]

Disaggregation of Revenue

The tables below present revenue for each of the Company’s operating segments.  Each segment’s revenue is disaggregated by product group, by geographic location and based upon the timing of revenue recognition.

Effective April 1, 2024, the Company moved its Coatings business, which was previously managed by and reported within the Performance Technologies segment, under the leadership of the Climate Solutions segment.  See Note 20 for additional segment financial information.  The disaggregated revenue information presented in the table below for fiscal 2024 has been recast to be comparable with the fiscal 2025 presentation.

		Three months ended June 30, 2024												Three months ended June 30, 2023
		Climate Solutions				Performance Technologies				Segment Total				Climate Solutions				Performance Technologies				Segment Total
Product groups:
Data center cooling		$	162.6			$	-			$	162.6			$	68.2			$	-			$	68.2
Heat transfer			111.8				-				111.8				140.8				-				140.8
HVAC&R			82.8				-				82.8				77.7				-				77.7
Air-cooled			-				168.6				168.6				-				172.7				172.7
Liquid-cooled			-				104.0				104.0				-				134.7				134.7
Advanced solutions			-				31.7				31.7				-				28.3				28.3
Inter-segment sales			0.1				4.7				4.8				-				7.4				7.4
Net sales		$	357.3			$	309.0			$	666.3			$	286.7			$	343.1			$	629.8
Geographic location:
Americas		$	240.0			$	184.7			$	424.7			$	153.3			$	172.7			$	326.0
Europe			111.5				80.1				191.6				126.9				120.0				246.9
Asia			5.8				44.2				50.0				6.5				50.4				56.9
Net sales		$	357.3			$	309.0			$	666.3			$	286.7			$	343.1			$	629.8
Timing of revenue recognition:
Products transferred at a point in time		$	340.7			$	305.8			$	646.5			$	258.2			$	340.0			$	598.2
Products transferred over time			16.6				3.2				19.8				28.5				3.1				31.6
Net sales		$	357.3			$	309.0			$	666.3			$	286.7			$	343.1			$	629.8

Contract Assets and Contract Liabilities from Contracts with Customers

Contract assets and contract liabilities from contracts with customers were as follows:

		June 30, 2024				March 31, 2024
Contract assets		$	10.8			$	12.9
Contract liabilities			66.4				79.4

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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