CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Dec. 31, 2016	Mar. 31, 2016
ASSETS
Cash and cash equivalents	$ 50.0	$ 68.9
Trade accounts receivable - net	234.8	189.1
Inventories	156.9	111.0
Other current assets	52.4	43.5
Total current assets	494.1	412.5
Property, plant and equipment - net	446.2	338.6
Intangible assets - net	111.2	8.2
Goodwill	173.2	15.8
Deferred income taxes	145.3	123.1
Other noncurrent assets	22.9	22.7
Total assets	1,392.9	920.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	70.6	28.6
Long-term debt - current portion	30.0	8.5
Accounts payable	178.5	142.4
Accrued compensation and employee benefits	65.8	58.6
Other current liabilities	48.4	35.5
Total current liabilities	393.3	273.6
Long-term debt	413.2	125.5
Deferred income taxes	31.7	4.2
Pensions	122.3	118.6
Other noncurrent liabilities	28.0	16.3
Total liabilities	988.5	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 51.8 million and 49.0 million shares	32.4	30.6
Additional paid-in capital	215.0	185.6
Retained earnings	364.4	358.2
Accumulated other comprehensive loss	(188.8)	(174.2)
Treasury stock, at cost, 1.7 million and 1.6 million shares	(25.2)	(24.0)
Total Modine shareholders' equity	397.8	376.2
Noncontrolling interest	6.6	6.5
Total equity	404.4	382.7
Total liabilities and equity	$ 1,392.9	$ 920.9