XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2025
Revenue Recognition |
Disaggregation of Revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2025 | ​ | Three months ended September 30, 2024
​ |  | Climate |  | Performance |  | Segment |  | Climate |  | Performance |  | Segment
​ | ​ | Solutions | ​ | Technologies | ​ | Total | ​ | Solutions | ​ | Technologies | ​ | Total
Product groups: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Data centers | ​ | $ | 226.3 | ​ | $ | — | ​ | $ | 226.3 | ​ | $ | 158.9 | ​ | $ | — | ​ | $ | 158.9
Heat transfer solutions | ​ |  | 141.2 | ​ |  | — | ​ |  | 141.2 | ​ |  | 138.0 | ​ |  | — | ​ |  | 138.0
HVAC technologies | ​ |  | 86.6 | ​ |  | — | ​ |  | 86.6 | ​ |  | 69.5 | ​ |  | — | ​ |  | 69.5
Heavy-duty equipment | ​ |  | — | ​ |  | 102.2 | ​ |  | 102.2 | ​ |  | — | ​ |  | 102.5 | ​ |  | 102.5
On-highway applications | ​ |  | — | ​ |  | 182.6 | ​ |  | 182.6 | ​ |  | — | ​ |  | 189.1 | ​ |  | 189.1
Inter-segment sales | ​ |  | 0.3 | ​ |  | 1.5 | ​ |  | 1.8 | ​ |  | — | ​ |  | 5.9 | ​ |  | 5.9
Net sales | ​ | $ | 454.4 | ​ | $ | 286.3 | ​ | $ | 740.7 | ​ | $ | 366.4 | ​ | $ | 297.5 | ​ | $ | 663.9
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geographic location: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Americas | ​ | $ | 323.5 | ​ | $ | 156.6 | ​ | $ | 480.1 | ​ | $ | 252.6 | ​ | $ | 182.7 | ​ | $ | 435.3
Europe | ​ |  | 124.1 | ​ |  | 80.2 | ​ |  | 204.3 | ​ |  | 105.9 | ​ |  | 72.5 | ​ |  | 178.4
Asia | ​ |  | 6.8 | ​ |  | 49.5 | ​ |  | 56.3 | ​ |  | 7.9 | ​ |  | 42.3 | ​ |  | 50.2
Net sales | ​ | $ | 454.4 | ​ | $ | 286.3 | ​ | $ | 740.7 | ​ | $ | 366.4 | ​ | $ | 297.5 | ​ | $ | 663.9
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended September 30, 2025 | ​ | Six months ended September 30, 2024
​ |  | Climate |  | Performance |  | Segment |  | Climate |  | Performance |  | Segment
​ | ​ | Solutions | ​ | Technologies | ​ | Total | ​ | Solutions | ​ | Technologies | ​ | Total
Product groups: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Data centers | ​ | $ | 413.2 | ​ | $ | — | ​ | $ | 413.2 | ​ | $ | 321.5 | ​ | $ | — | ​ | $ | 321.5
Heat transfer solutions | ​ |  | 284.4 | ​ |  | — | ​ |  | 284.4 | ​ |  | 282.6 | ​ |  | — | ​ |  | 282.6
HVAC technologies | ​ |  | 153.8 | ​ |  | — | ​ |  | 153.8 | ​ |  | 119.5 | ​ |  | — | ​ |  | 119.5
Heavy-duty equipment | ​ |  | — | ​ |  | 208.5 | ​ |  | 208.5 | ​ |  | — | ​ |  | 213.0 | ​ |  | 213.0
On-highway applications | ​ |  | — | ​ |  | 361.8 | ​ |  | 361.8 | ​ |  | — | ​ |  | 382.9 | ​ |  | 382.9
Inter-segment sales | ​ |  | 0.4 | ​ |  | 1.5 | ​ |  | 1.9 | ​ |  | 0.1 | ​ |  | 10.6 | ​ |  | 10.7
Net sales | ​ | $ | 851.8 | ​ | $ | 571.8 | ​ | $ | 1,423.6 | ​ | $ | 723.7 | ​ | $ | 606.5 | ​ | $ | 1,330.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geographic location: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Americas | ​ | $ | 600.2 | ​ | $ | 309.6 | ​ | $ | 909.8 | ​ | $ | 492.6 | ​ | $ | 367.4 | ​ | $ | 860.0
Europe | ​ |  | 238.3 | ​ |  | 164.2 | ​ |  | 402.5 | ​ |  | 217.4 | ​ |  | 152.6 | ​ |  | 370.0
Asia | ​ |  | 13.3 | ​ |  | 98.0 | ​ |  | 111.3 | ​ |  | 13.7 | ​ |  | 86.5 | ​ |  | 100.2
Net sales | ​ | $ | 851.8 | ​ | $ | 571.8 | ​ | $ | 1,423.6 | ​ | $ | 723.7 | ​ | $ | 606.5 | ​ | $ | 1,330.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract Assets and Contract Liabilities from Contracts with Customers | Contract assets and contract liabilities from contracts with customers were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | September 30, 2025 |  | March 31, 2025
Contract assets | ​ | ​ | $ | 11.7 | ​ | $ | 13.3
Contract liabilities | ​ | ​ |  | 30.0 | ​ |  | 35.1

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

X
- Definition 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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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