Goodwill and Intangible Assets (Tables)

6 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets

Changes in Carrying value of Goodwill

The following table presents a roll forward of the carrying value of goodwill from March 31, 2025 to September 30, 2025.

	Climate Solutions
Goodwill, March 31, 2025	$	233.9
Acquisitions (a)		50.4
Effect of exchange rate changes		6.4
Goodwill, September 30, 2025	$	290.7
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(a) During the first six months of fiscal 2026, the Company recorded $25.7 million, $23.6 million, and $1.1 million of goodwill in connection with its acquisition of L.B. White, Climate by Design, and AbsolutAire, respectively. See Note 2 for additional information.

Intangible Assets

Intangible assets consisted of the following:

	September 30, 2025						March 31, 2025
	Gross				Net		Gross				Net
	Carrying		Accumulated		Intangible		Carrying		Accumulated		Intangible
	Value		Amortization		Assets		Value		Amortization		Assets
Customer relationships	$	198.4	$	(56.5)	$	141.9	$	145.4	$	(47.5)	$	97.9
Trade names		69.9		(23.3)		46.6		53.1		(21.2)		31.9
Acquired technology		37.0		(17.9)		19.1		32.6		(15.7)		16.9
Total intangible assets	$	305.3	$	(97.7)	$	207.6	$	231.1	$	(84.4)	$	146.7