CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2019	Mar. 31, 2019
ASSETS
Cash and cash equivalents	$ 32.3	$ 41.7
Trade accounts receivable - net	310.4	338.6
Inventories	222.6	200.7
Other current assets	77.1	65.8
Total current assets	642.4	646.8
Property, plant and equipment - net	465.7	484.7
Intangible assets - net	110.3	116.2
Goodwill	166.1	168.5
Deferred income taxes	97.0	97.1
Other noncurrent assets	83.0	24.7
Total assets	1,564.5	1,538.0	[1]
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	139.4	66.0
Long-term debt - current portion	93.6	48.6
Accounts payable	260.2	280.9
Accrued compensation and employee benefits	73.5	81.7
Other current liabilities	51.1	39.9
Total current liabilities	617.8	517.1
Long-term debt	232.2	335.1
Deferred income taxes	8.5	8.2
Pensions	96.7	101.7
Other noncurrent liabilities	83.7	34.8
Total liabilities	1,038.9	996.9
Commitments and contingencies (see Note 17)
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 53.3 million and 52.8 million shares	33.2	33.0
Additional paid-in capital	242.9	238.6
Retained earnings	475.4	472.1
Accumulated other comprehensive loss	(194.6)	(178.4)
Treasury stock, at cost, 2.5 million and 2.1 million shares	(37.0)	(31.4)
Total Modine shareholders' equity	519.9	533.9
Noncontrolling interest	5.7	7.2
Total equity	525.6	541.1
Total liabilities and equity	$ 1,564.5	$ 1,538.0

[1] The Company adopted new lease accounting guidance and, as a result, recorded $61.3 million of operating lease assets on its consolidated balance sheet on April 1, 2019.  See Note 1 for additional information.