Revenue Recognition (Tables)

6 Months Ended

Sep. 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 September 30, 2019								Three months ended September 30, 2018
	VTS		CIS		BHVAC		Segment Total		VTS		CIS		BHVAC		Segment Total
Primary end market:
Automotive	$	135.1	$	-	$	-	$	135.1	$	136.4	$	-	$	-	$	136.4
Commercial vehicle		81.8		-		-		81.8		95.8		-		-		95.8
Off-highway		59.6		-		-		59.6		76.9		-		-		76.9
Commercial HVAC&R		-		115.9		46.1		162.0		-		127.6		42.3		169.9
Data center cooling		-		26.7		9.5		36.2		-		36.0		8.4		44.4
Industrial cooling		-		11.7		-		11.7		-		13.1		-		13.1
Other		22.8		2.4		0.4		25.6		26.5		1.5		-		28.0
Net sales	$	299.3	$	156.7	$	56.0	$	512.0	$	335.6	$	178.2	$	50.7	$	564.5
Geographic location:
Americas	$	144.9	$	86.0	$	38.1	$	269.0	$	159.2	$	103.2	$	31.8	$	294.2
Europe		111.0		57.5		17.9		186.4		127.3		62.0		18.9		208.2
Asia		43.4		13.2		-		56.6		49.1		13.0		-		62.1
Net sales	$	299.3	$	156.7	$	56.0	$	512.0	$	335.6	$	178.2	$	50.7	$	564.5
Timing of revenue recognition:
Products transferred at a point in time	$	290.7	$	132.4	$	56.0	$	479.1	$	322.5	$	142.7	$	50.7	$	515.9
Products transferred over time		8.6		24.3		-		32.9		13.1		35.5		-		48.6
Net sales	$	299.3	$	156.7	$	56.0	$	512.0	$	335.6	$	178.2	$	50.7	$	564.5

	Six months ended September 30, 2019								Six months ended September 30, 2018
	VTS		CIS		BHVAC		Segment Total		VTS		CIS		BHVAC		Segment Total
Primary end market:
Automotive	$	264.3	$	-	$	-	$	264.3	$	281.5	$	-	$	-	$	281.5
Commercial vehicle		180.5		-		-		180.5		195.5		-		-		195.5
Off-highway		133.5		-		-		133.5		160.7		-		-		160.7
Commercial HVAC&R		-		246.8		84.1		330.9		-		262.9		77.4		340.3
Data center cooling		-		50.9		20.1		71.0		-		70.1		18.3		88.4
Industrial cooling		-		23.1		-		23.1		-		24.6		-		24.6
Other		47.5		4.7		0.8		53.0		50.7		4.5		-		55.2
Net sales	$	625.8	$	325.5	$	105.0	$	1,056.3	$	688.4	$	362.1	$	95.7	$	1,146.2
Geographic location:
Americas	$	298.2	$	183.1	$	67.2	$	548.5	$	310.1	$	208.0	$	57.1	$	575.2
Europe		237.1		116.1		37.8		391.0		275.7		127.2		38.6		441.5
Asia		90.5		26.3		-		116.8		102.6		26.9		-		129.5
Net sales	$	625.8	$	325.5	$	105.0	$	1,056.3	$	688.4	$	362.1	$	95.7	$	1,146.2
Timing of revenue recognition:
Products transferred at a point in time	$	609.8	$	276.3	$	105.0	$	991.1	$	665.3	$	296.3	$	95.7	$	1,057.3
Products transferred over time		16.0		49.2		-		65.2		23.1		65.8		-		88.9
Net sales	$	625.8	$	325.5	$	105.0	$	1,056.3	$	688.4	$	362.1	$	95.7	$	1,146.2

Contract Assets and Contract Liabilities from Contracts with Customers

Contract assets and contract liabilities from contracts with customers were as follows:

	September 30, 2019		March 31, 2019
Contract assets	$	26.9	$	22.6
Contract liabilities		5.8		4.0