CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015
ASSETS
Cash and cash equivalents	$ 68.9	$ 70.5
Trade accounts receivable - net	189.1	192.9
Inventories	111.0	107.7
Other current assets	43.5	79.7
Total current assets	412.5	450.8
Property, plant and equipment - net	338.6	322.1
Intangible assets - net	8.2	9.9
Goodwill	15.8	16.2
Deferred income taxes	123.1	115.4
Other noncurrent assets	22.7	16.5
Total assets	920.9	930.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	28.6	18.6
Long-term debt - current portion	8.5	0.5
Accounts payable	142.4	152.0
Accrued compensation and employee benefits	58.6	56.7
Other current liabilities	35.5	83.0
Total current liabilities	273.6	310.8
Long-term debt	125.5	129.6
Deferred income taxes	4.2	3.1
Pensions	118.6	110.4
Other noncurrent liabilities	16.3	16.4
Total liabilities	$ 538.2	$ 570.3
Commitments and contingencies (see Note 19)
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 49.0 million and 48.6 million shares	30.6	30.4
Additional paid-in capital	185.6	180.6
Retained earnings	358.2	359.8
Accumulated other comprehensive loss	(174.2)	(198.6)
Treasury stock, at cost, 1.6 million and 0.7 million shares	(24.0)	(16.2)
Total Modine shareholders' equity	376.2	356.0
Noncontrolling interest	6.5	4.6
Total equity	382.7	360.6
Total liabilities and equity	$ 920.9	$ 930.9