Revenue Recognition (Tables)

12 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The Company has two business segments, Process & Motion Control and Water Management. The following table presents our revenue disaggregated by customer type and geography (in millions):

	Year Ended
	March 31, 2019		March 31, 2018		March 31, 2017
Original equipment manufacturers/end users	$	768.5	$	690.5	$	594.6
Maintenance, repair, and operations	612.1		550.7		540.1
Total Process & Motion Control	$	1,380.6	$	1,241.2	$	1,134.7
Water safety, quality, flow control and conservation	$	624.4	$	566.9	$	538.9
Water infrastructure	45.9		43.5		38.9
Total Water Management	$	670.3	$	610.4	$	577.8

	Year Ended March 31, 2019				Year Ended March 31, 2018				Year Ended March 31, 2017
	Process & Motion Control		Water Management		Process & Motion Control		Water Management		Process & Motion Control		Water Management
United States and Canada	$	898.7	$	654.5	$	848.3	$	598.4	$	795.0	$	568.2
Europe	327.5		—		255.5		—		218.9		—
Rest of world	154.4		15.8		137.4		12.0		120.8		9.6
Total	$	1,380.6	$	670.3	$	1,241.2	$	610.4	$	1,134.7	$	577.8

Changes in Contract Assets and Liabilities

The following table presents changes in the Company’s contract assets and liabilities during the year ended March 31, 2019 (in millions):

	Balance Sheet Classification	March 31, 2018		Additions		Deductions			March 31, 2019
Contract Assets	Receivables, net	$	0.7	$	3.7	$	(1.8	)	$	2.6
Contract Liabilities (1)	Other current liabilities	$	3.2	$	15.3	$	(13.4	)	$	5.1

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(1) Contract liabilities are reduced when revenue is recognized.