Revenue Recognition (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2019								Three months ended December 31, 2018
	VTS		CIS		BHVAC		Segment Total		VTS		CIS		BHVAC		Segment Total
Primary end market:
Automotive	$	126.3	$	-	$	-	$	126.3	$	130.4	$	-	$	-	$	130.4
Commercial vehicle		68.3		-		-		68.3		92.0		-		-		92.0
Off-highway		55.1		-		-		55.1		74.2		-		-		74.2
Commercial HVAC&R		-		104.3		53.1		157.4		-		114.6		53.2		167.8
Data center cooling		-		30.2		11.2		41.4		-		40.2		11.0		51.2
Industrial cooling		-		10.4		-		10.4		-		11.8		-		11.8
Other		22.2		2.6		0.6		25.4		26.7		0.4		-		27.1
Net sales	$	271.9	$	147.5	$	64.9	$	484.3	$	323.3	$	167.0	$	64.2	$	554.5
Geographic location:
Americas	$	123.3	$	78.1	$	43.2	$	244.6	$	150.7	$	96.0	$	40.9	$	287.6
Europe		102.9		57.6		21.7		182.2		124.9		59.8		23.3		208.0
Asia		45.7		11.8		-		57.5		47.7		11.2		-		58.9
Net sales	$	271.9	$	147.5	$	64.9	$	484.3	$	323.3	$	167.0	$	64.2	$	554.5
Timing of revenue recognition:
Products transferred at a point in time	$	263.8	$	119.3	$	64.9	$	448.0	$	309.4	$	128.7	$	64.2	$	502.3
Products transferred over time		8.1		28.2		-		36.3		13.9		38.3		-		52.2
Net sales	$	271.9	$	147.5	$	64.9	$	484.3	$	323.3	$	167.0	$	64.2	$	554.5

	Nine months ended December 31, 2019								Nine months ended December 31, 2018
	VTS		CIS		BHVAC		Segment Total		VTS		CIS		BHVAC		Segment Total
Primary end market:
Automotive	$	390.6	$	-	$	-	$	390.6	$	411.9	$	-	$	-	$	411.9
Commercial vehicle		248.8		-		-		248.8		287.5		-		-		287.5
Off-highway		188.6		-		-		188.6		234.9		-		-		234.9
Commercial HVAC&R		-		351.1		137.2		488.3		-		377.5		130.6		508.1
Data center cooling		-		81.1		31.3		112.4		-		110.3		29.3		139.6
Industrial cooling		-		33.5		-		33.5		-		36.4		-		36.4
Other		69.7		7.3		1.4		78.4		77.4		4.9		-		82.3
Net sales	$	897.7	$	473.0	$	169.9	$	1,540.6	$	1,011.7	$	529.1	$	159.9	$	1,700.7
Geographic location:
Americas	$	421.5	$	261.2	$	110.4	$	793.1	$	460.8	$	304.0	$	98.0	$	862.8
Europe		340.0		173.7		59.5		573.2		400.6		187.0		61.9		649.5
Asia		136.2		38.1		-		174.3		150.3		38.1		-		188.4
Net sales	$	897.7	$	473.0	$	169.9	$	1,540.6	$	1,011.7	$	529.1	$	159.9	$	1,700.7
Timing of revenue recognition:
Products transferred at a point in time	$	873.6	$	395.6	$	169.9	$	1,439.1	$	974.7	$	426.2	$	159.9	$	1,560.8
Products transferred over time		24.1		77.4		-		101.5		37.0		102.9		-		139.9
Net sales	$	897.7	$	473.0	$	169.9	$	1,540.6	$	1,011.7	$	529.1	$	159.9	$	1,700.7

Contract Assets and Contract Liabilities from Contracts with Customers

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

	December 31, 2019		March 31, 2019
Contract assets	$	22.3	$	22.6
Contract liabilities		5.7		4.0