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Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2019
Revenue Recognition [Abstract]  
Disaggregation of Revenue
The table below presents revenue for each of the Company’s business segments, Vehicular Thermal Solutions (“VTS”), Commercial and Industrial Solutions (“CIS”) and Building HVAC Systems (“BHVAC”).  Each segment’s revenue is disaggregated by primary end market, by geographic location and based upon the timing of revenue recognition.

 
 
Three months ended June 30, 2019
 
 
 
VTS
   
CIS
   
BHVAC
   
Segment
Total
 
Primary end market:
                       
Automotive
 
$
129.2
   
$
-
   
$
-
   
$
129.2
 
Commercial vehicle
   
98.7
     
-
     
-
     
98.7
 
Off-highway
   
73.9
     
-
     
-
     
73.9
 
Commercial HVAC&R
   
-
     
130.9
     
38.0
     
168.9
 
Data center cooling
   
-
     
24.2
     
10.6
     
34.8
 
Industrial cooling
   
-
     
11.4
     
-
     
11.4
 
Other
   
24.7
     
2.3
     
0.4
     
27.4
 
Net sales
 
$
326.5
   
$
168.8
   
$
49.0
   
$
544.3
 
 
                               
Geographic location:
                               
Americas
 
$
153.3
   
$
97.1
   
$
29.1
   
$
279.5
 
Europe
   
126.1
     
58.6
     
19.9
     
204.6
 
Asia
   
47.1
     
13.1
     
-
     
60.2
 
Net sales
 
$
326.5
   
$
168.8
   
$
49.0
   
$
544.3
 
 
                               
Timing of revenue recognition:
                               
Products transferred at a point in time
 
$
319.1
   
$
143.9
   
$
49.0
   
$
512.0
 
Products transferred over time
   
7.4
     
24.9
     
-
     
32.3
 
Net sales
 
$
326.5
   
$
168.8
   
$
49.0
   
$
544.3
 

 
 
Three months ended June 30, 2018
 
 
 
VTS
   
CIS
   
BHVAC
   
Segment
Total
 
Primary end market:
                       
Automotive
 
$
145.1
   
$
-
   
$
-
   
$
145.1
 
Commercial vehicle
   
99.7
     
-
     
-
     
99.7
 
Off-highway
   
83.8
     
-
     
-
     
83.8
 
Commercial HVAC&R
   
-
     
135.3
     
32.0
     
167.3
 
Data center cooling
   
-
     
34.1
     
12.2
     
46.3
 
Industrial cooling
   
-
     
11.5
     
-
     
11.5
 
Other
   
24.2
     
3.0
     
0.8
     
28.0
 
Net sales
 
$
352.8
   
$
183.9
   
$
45.0
   
$
581.7
 
 
                               
Geographic location:
                               
Americas
 
$
150.9
   
$
104.8
   
$
25.3
   
$
281.0
 
Europe
   
148.4
     
65.2
     
19.7
     
233.3
 
Asia
   
53.5
     
13.9
     
-
     
67.4
 
Net sales
 
$
352.8
   
$
183.9
   
$
45.0
   
$
581.7
 
 
                               
Timing of revenue recognition:
                               
Products transferred at a point in time
 
$
342.8
   
$
153.6
   
$
45.0
   
$
541.4
 
Products transferred over time
   
10.0
     
30.3
     
-
     
40.3
 
Net sales
 
$
352.8
   
$
183.9
   
$
45.0
   
$
581.7
 

Contract Assets and Contract Liabilities from Contracts with Customers
Contract assets and contract liabilities from contracts with customers were as follows:

 
 
June 30, 2019
   
March 31, 2019
 
Contract assets
 
$
24.2
   
$
22.6
 
Contract liabilities
   
4.9
     
4.0