CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Mar. 31, 2025
ASSETS
Cash and cash equivalents	$ 83.8	$ 71.6
Trade accounts receivable - net	559.0	478.9
Inventories	528.8	340.9
Other current assets	80.3	69.8
Total current assets	1,251.9	961.2
Property, plant and equipment - net	457.0	390.5
Intangible assets - net	207.6	146.7
Goodwill	290.7	233.9
Deferred income taxes	48.5	67.0
Other noncurrent assets	130.2	118.3
Total assets	2,385.9	1,917.6
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	12.4	9.3
Long-term debt - current portion	43.9	44.8
Accounts payable	395.8	290.8
Accrued compensation and employee benefits	86.6	102.7
Other current liabilities	87.2	93.4
Total current liabilities	625.9	541.0
Long-term debt	525.8	296.7
Deferred income taxes	23.6	24.1
Pensions	30.0	29.4
Other noncurrent liabilities	119.5	108.2
Total liabilities	1,324.8	999.4
Commitments and contingencies (see Note 18)
Shareholders' equity:
Preferred stock, $0.025 par value, authorized 16.0 million shares, issued - none	0.0	0.0
Common stock, $0.625 par value, authorized 80.0 million shares, issued 56.8 million and 56.5 million shares	35.5	35.3
Additional paid-in capital	320.4	310.8
Retained earnings	938.6	843.0
Accumulated other comprehensive loss	(137.7)	(181.3)
Treasury stock, at cost, 4.1 million shares	(103.3)	(97.6)
Total Modine shareholders' equity	1,053.5	910.2
Noncontrolling interest	7.6	8.0
Total equity	1,061.1	918.2
Total liabilities and equity	$ 2,385.9	$ 1,917.6