CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2016	Mar. 31, 2016
ASSETS
Cash and cash equivalents	$ 63.0	$ 68.9
Trade accounts receivable - net	183.3	189.1
Inventories	112.8	111.0
Other current assets	43.0	43.5
Total current assets	402.1	412.5
Property, plant and equipment - net	340.8	338.6
Intangible assets - net	7.0	8.2
Goodwill	14.6	15.8
Deferred income taxes	127.3	123.1
Other noncurrent assets	20.2	22.7
Total assets	912.0	920.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	37.3	28.6
Long-term debt - current portion	16.5	8.5
Accounts payable	129.1	142.4
Accrued compensation and employee benefits	50.5	58.6
Other current liabilities	38.7	35.5
Total current liabilities	272.1	273.6
Long-term debt	117.2	125.5
Deferred income taxes	3.5	4.2
Pensions	113.8	118.6
Other noncurrent liabilities	16.5	16.3
Total liabilities	523.1	538.2
Commitments and contingencies (see Note 14)
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 49.5 million and 49.0 million shares	30.9	30.6
Additional paid-in capital	189.0	185.6
Retained earnings	362.7	358.2
Accumulated other comprehensive loss	(175.5)	(174.2)
Treasury stock, at cost, 1.7 million and 1.6 million shares	(25.2)	(24.0)
Total Modine shareholders' equity	381.9	376.2
Noncontrolling interest	7.0	6.5
Total equity	388.9	382.7
Total liabilities and equity	$ 912.0	$ 920.9