CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
ASSETS
Cash and cash equivalents	$ 64.1	$ 68.9
Trade accounts receivable - net	195.7	189.1
Inventories	116.2	111.0
Other current assets	41.4	43.5
Total current assets	417.4	412.5
Property, plant and equipment - net	338.8	338.6
Intangible assets - net	7.5	8.2
Goodwill	14.9	15.8
Deferred income taxes	123.7	123.1
Other noncurrent assets	23.1	22.7
Total assets	925.4	920.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	37.5	28.6
Long-term debt - current portion	12.5	8.5
Accounts payable	139.5	142.4
Accrued compensation and employee benefits	54.7	58.6
Other current liabilities	36.1	35.5
Total current liabilities	280.3	273.6
Long-term debt	121.3	125.5
Deferred income taxes	3.7	4.2
Pensions	115.9	118.6
Other noncurrent liabilities	16.4	16.3
Total liabilities	537.6	538.2
Commitments and contingencies (see Note 15)
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 49.4 million and 49.0 million shares	30.9	30.6
Additional paid-in capital	186.7	185.6
Retained earnings	366.8	358.2
Accumulated other comprehensive loss	(178.1)	(174.2)
Treasury stock, at cost, 1.7 million and 1.6 million shares	(25.2)	(24.0)
Total Modine shareholders' equity	381.1	376.2
Noncontrolling interest	6.7	6.5
Total equity	387.8	382.7
Total liabilities and equity	$ 925.4	$ 920.9