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Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2022
Revenue Recognition [Abstract]  
Disaggregation of Revenue
The tables below present revenue for each of the Company’s business segments, BHVAC, CIS, HDE, and Automotive.  Each segment’s revenue is disaggregated by primary end market, by geographic location and based upon the timing of revenue recognition and includes inter-segment sales.

Effective July 1, 2021, the Company aligned the data center businesses previously managed by and reported within the CIS segment under the BHVAC segment; see Note 22 for additional information regarding the Company’s operating segments.  In connection with this segment realignment, the Company also reassessed end market classifications within the impacted businesses.  The primary end market revenue information presented in the tables below for fiscal 2021 and 2020 has been recast to conform to the Company’s new classifications for its end markets.

   
Year ended March 31, 2022
 
 
BHVAC
   
CIS
   
HDE
   
Automotive
   
Segment
Total
 
Primary end market:
                             
Commercial HVAC&R
 
$
238.0
   
$
546.6
   
$
-
   
$
-
   
$
784.6
 
Data center cooling
   
96.6
     
-
     
-
     
-
     
96.6
 
Industrial cooling
   
-
     
69.8
     
-
     
-
     
69.8
 
Commercial vehicle
   
-
     
-
     
319.7
     
14.5
     
334.2
 
Off-highway
   
-
     
-
     
331.9
     
4.7
     
336.6
 
Automotive and light vehicle
   
-
     
-
     
84.0
     
286.0
     
370.0
 
Other
   
2.0
     
11.1
     
88.9
     
8.1
     
110.1
 
Net sales
 
$
336.6
   
$
627.5
   
$
824.5
   
$
313.3
   
$
2,101.9
 
                                         
Geographic location:
                                       
Americas
 
$
187.6
   
$
336.9
   
$
511.6
   
$
38.2
   
$
1,074.3
 
Europe
   
149.0
     
262.7
     
156.3
     
220.5
     
788.5
 
Asia
   
-
     
27.9
     
156.6
     
54.6
     
239.1
 
Net sales
 
$
336.6
   
$
627.5
   
$
824.5
   
$
313.3
   
$
2,101.9
 
                                         
Timing of revenue recognition:
                                       
Products transferred at a point in time
 
$
318.0
   
$
580.9
   
$
789.8
   
$
313.3
   
$
2,002.0
 
Products transferred over time
   
18.6
     
46.6
     
34.7
     
-
     
99.9
 
Net sales
 
$
336.6
   
$
627.5
   
$
824.5
   
$
313.3
   
$
2,101.9
 

   
Year ended March 31, 2021
 
 
BHVAC
   
CIS
   
HDE
   
Automotive
   
Segment
Total
 
Primary end market:
                             
Commercial HVAC&R
 
$
197.5
   
$
429.8
   
$
-
   
$
-
   
$
627.3
 
Data center cooling
   
64.5
     
-
     
-
     
-
     
64.5
 
Industrial cooling
   
-
     
72.1
     
-
     
-
     
72.1
 
Commercial vehicle
   
-
     
-
     
250.4
     
14.4
     
264.8
 
Off-highway
   
-
     
-
     
260.7
     
3.4
     
264.1
 
Automotive and light vehicle
   
-
     
-
     
97.9
     
357.8
     
455.7
 
Other
   
1.2
     
10.5
     
73.1
     
22.7
     
107.5
 
Net sales
 
$
263.2
   
$
512.4
   
$
682.1
   
$
398.3
   
$
1,856.0
 
                                         
Geographic location:
                                       
Americas
 
$
144.2
   
$
268.7
   
$
388.2
   
$
51.0
   
$
852.1
 
Europe
   
119.0
     
199.2
     
133.2
     
282.0
     
733.4
 
Asia
   
-
     
44.5
     
160.7
     
65.3
     
270.5
 
Net sales
 
$
263.2
   
$
512.4
   
$
682.1
   
$
398.3
   
$
1,856.0
 
                                         
Timing of revenue recognition:
                                       
Products transferred at a point in time
 
$
257.4
   
$
472.5
   
$
655.2
   
$
398.3
   
$
1,783.4
 
Products transferred over time
   
5.8
     
39.9
     
26.9
     
-
     
72.6
 
Net sales
 
$
263.2
   
$
512.4
   
$
682.1
   
$
398.3
   
$
1,856.0
 

   
Year ended March 31, 2020
 
 
BHVAC
   
CIS
   
HDE
   
Automotive
   
Segment
Total
 
Primary end market:
                             
Commercial HVAC&R
 
$
197.5
   
$
462.9
   
$
-
   
$
-
   
$
660.4
 
Data center cooling
   
106.9
     
-
     
-
     
-
     
106.9
 
Industrial cooling
   
-
     
66.7
     
-
     
-
     
66.7
 
Commercial vehicle
   
-
     
-
     
302.1
     
21.6
     
323.7
 
Off-highway
   
-
     
-
     
240.8
     
13.1
     
253.9
 
Automotive and light vehicle
   
-
     
-
     
108.4
     
400.4
     
508.8
 
Other
   
2.1
     
11.5
     
94.6
     
9.8
     
118.0
 
Net sales
 
$
306.5
   
$
541.1
   
$
745.9
   
$
444.9
   
$
2,038.4
 
                                         
Geographic location:
                                       
Americas
 
$
175.8
   
$
309.2
   
$
484.5
   
$
70.3
   
$
1,039.8
 
Europe
   
130.7
     
186.5
     
141.2
     
321.0
     
779.4
 
Asia
   
-
     
45.4
     
120.2
     
53.6
     
219.2
 
Net sales
 
$
306.5
   
$
541.1
   
$
745.9
   
$
444.9
   
$
2,038.4
 
                                         
Timing of revenue recognition:
                                       
Products transferred at a point in time
 
$
240.4
   
$
501.5
   
$
715.1
   
$
444.9
   
$
1,901.9
 
Products transferred over time
   
66.1
     
39.6
     
30.8
     
-
     
136.5
 
Net sales
 
$
306.5
   
$
541.1
   
$
745.9
   
$
444.9
   
$
2,038.4
 
Contract Assets and Contract Liabilities from Contracts with Customers
Contract assets and contract liabilities from contracts with customers were as follows:

 
March 31, 2022
   
March 31, 2021
 
Contract assets
 
$
26.8
   
$
5.7
 
Contract liabilities
   
11.8
     
5.6