XML 79 R57.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment and Geographic Information (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2025
Segment and Geographic Information [Abstract] |
Net Sales, Significant Expenses and Assets by Segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended March 31, 2025
​ |  | Climate | ​ | Performance |  | Corporate and |  | ​
​ | ​ | Solutions | ​ | Technologies | ​ | eliminations | ​ | Total
External sales | ​ | $ | 1,440.6 | ​ | $ | 1,142.9 | ​ | $ | — | ​ | $ | 2,583.5
Inter-segment sales | ​ |  | 0.2 | ​ |  | 20.6 | ​ |  | (20.8) | ​ |  | —
Net sales | ​ |  | 1,440.8 | ​ |  | 1,163.5 | ​ |  | (20.8) | ​ |  | 2,583.5
Cost of sales | ​ |  | 1,024.7 | ​ | ​ | 933.1 | ​ | ​ | (18.1) | ​ |  | 1,939.7
Gross profit | ​ | ​ | 416.1 | ​ | ​ | 230.4 | ​ | ​ | (2.7) | ​ | ​ | 643.8
Selling, general and administrative expenses | ​ | ​ | 161.7 | ​ | ​ | 101.9 | ​ | ​ | 68.5 | ​ | ​ | 332.1
Restructuring expenses | ​ | ​ | 6.0 | ​ | ​ | 20.5 | ​ | ​ | 1.7 | ​ | ​ | 28.2
Operating income | ​ | $ | 248.4 | ​ | $ | 108.0 | ​ | $ | (72.9) | ​ | $ | 283.5
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended March 31, 2024
​ |  | Climate | ​ | Performance |  | Corporate and |  | ​
​ | ​ | Solutions | ​ | Technologies | ​ | eliminations | ​ | Total
External sales | ​ | $ | 1,108.1 | ​ | $ | 1,299.7 | ​ | $ | — | ​ | $ | 2,407.8
Inter-segment sales | ​ |  | — | ​ |  | 21.6 | ​ |  | (21.6) | ​ |  | —
Net sales | ​ |  | 1,108.1 | ​ |  | 1,321.3 | ​ |  | (21.6) | ​ |  | 2,407.8
Cost of sales | ​ |  | 811.2 | ​ | ​ | 1,091.7 | ​ | ​ | (20.7) | ​ |  | 1,882.2
Gross profit | ​ | ​ | 296.9 | ​ | ​ | 229.6 | ​ | ​ | (0.9) | ​ | ​ | 525.6
Selling, general and administrative expenses | ​ | ​ | 115.3 | ​ | ​ | 105.9 | ​ | ​ | 52.7 | ​ | ​ | 273.9
Restructuring expenses | ​ | ​ | 3.0 | ​ | ​ | 12.0 | ​ | ​ | - | ​ | ​ | 15.0
Gain on sale of assets | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4.0) | ​ | ​ | (4.0)
Operating income | ​ | $ | 178.6 | ​ | $ | 111.7 | ​ | $ | (49.6) | ​ | $ | 240.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended March 31, 2023
​ |  | Climate | ​ | Performance |  | Corporate and |  | ​
​ | ​ | Solutions | ​ | Technologies | ​ | eliminations | ​ | Total
External sales | ​ | $ | 1,056.1 | ​ | $ | 1,241.8 | ​ | $ | — | ​ | $ | 2,297.9
Inter-segment sales | ​ |  | 0.6 | ​ |  | 25.7 | ​ |  | (26.3) | ​ |  | —
Net sales | ​ |  | 1,056.7 | ​ |  | 1,267.5 | ​ |  | (26.3) | ​ |  | 2,297.9
Cost of sales | ​ |  | 816.1 | ​ | ​ | 1,118.4 | ​ | ​ | (26.0) | ​ |  | 1,908.5
Gross profit | ​ | ​ | 240.6 | ​ | ​ | 149.1 | ​ | ​ | (0.3) | ​ | ​ | 389.4
Selling, general and administrative expenses | ​ | ​ | 106.2 | ​ | ​ | 88.7 | ​ | ​ | 39.1 | ​ | ​ | 234.0
Restructuring expenses | ​ | ​ | 2.2 | ​ | ​ | 2.8 | ​ | ​ | - | ​ | ​ | 5.0
Operating income | ​ | $ | 132.2 | ​ | $ | 57.6 | ​ | $ | (39.4) | ​ | $ | 150.4
The following is a summary of segment assets, comprised entirely of trade accounts receivable and inventories, and other assets: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31,
​ |  | 2025 |  | 2024
Assets: | ​ | ​ |  | ​ | ​ |
Climate Solutions | ​ | $ | 448.7 | ​ | $ | 412.7
Performance Technologies | ​ |  | 371.1 | ​ |  | 368.1
Other (a) | ​ |  | 1,097.8 | ​ |  | 1,070.7
Total assets | ​ | $ | 1,917.6 | ​ | $ | 1,851.5
____ | ​ | ​ | ​ | ​ | ​ | ​
​
(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.
Capital Expenditures and Depreciation and Amortization Expense by Segment | The following is a summary of capital expenditures and depreciation and amortization expense by segment:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended March 31,
​ |  | 2025 |  | 2024 |  | 2023
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Climate Solutions | ​ | $ | 53.3 | ​ | $ | 52.7 | ​ | $ | 26.3
Performance Technologies | ​ |  | 30.2 | ​ |  | 34.3 | ​ |  | 23.1
Corporate | ​ |  | 0.5 | ​ |  | 0.7 | ​ |  | 1.3
Total capital expenditures | ​ | $ | 84.0 | ​ | $ | 87.7 | ​ | $ | 50.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended March 31,
​ |  | 2025 |  | 2024 |  | 2023
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Climate Solutions | ​ | $ | 48.3 | ​ | $ | 26.5 | ​ | $ | 24.7
Performance Technologies | ​ |  | 28.7 | ​ |  | 28.7 | ​ |  | 28.8
Corporate | ​ |  | 0.7 | ​ |  | 0.9 | ​ |  | 1.0
Total depreciation and amortization expense | ​ | $ | 77.7 | ​ | $ | 56.1 | ​ | $ | 54.5
Net Sales by Geographic Area | The following is a summary of net sales by geographic area, based upon the location of the selling unit:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended March 31,
​ |  | 2025 |  | 2024 |  | 2023
United States | ​ | $ | 1,287.5 | ​ | $ | 1,233.7 | ​ | $ | 1,139.3
Canada | ​ | ​ | 241.7 | ​ | ​ | 7.9 | ​ | ​ | —
Italy | ​ |  | 209.7 | ​ |  | 242.4 | ​ |  | 249.5
Hungary | ​ |  | 179.8 | ​ |  | 224.7 | ​ |  | 210.7
United Kingdom | ​ |  | 157.8 | ​ |  | 135.8 | ​ |  | 93.6
China | ​ |  | 130.7 | ​ |  | 144.2 | ​ |  | 151.6
Other | ​ |  | 376.3 | ​ |  | 419.1 | ​ |  | 453.2
Net sales | ​ | $ | 2,583.5 | ​ | $ | 2,407.8 | ​ | $ | 2,297.9
Property, Plant and Equipment by Geographic Area | The following is a summary of property, plant and equipment by geographic area:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31,
​ |  | 2025 |  | 2024
United States | ​ | $ | 133.6 | ​ | $ | 117.5
Italy | ​ |  | 39.9 | ​ |  | 33.8
Hungary | ​ |  | 38.4 | ​ |  | 40.7
China | ​ |  | 37.4 | ​ |  | 39.4
Mexico | ​ |  | 36.5 | ​ |  | 35.2
Other | ​ |  | 104.7 | ​ |  | 99.1
Total property, plant and equipment | ​ | $ | 390.5 | ​ | $ | 365.7
​

X
- Definition Tabular disclosure of the capital expenditures and depreciation and amortization expense for each reportable segment. + References No definition available. + Details
Name: | mod_ScheduleOfCapitalExpendituresDepreciationAndAmortizationBySegmentTableTextBlock
Namespace Prefix: | mod_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration