CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Mar. 31, 2020
ASSETS
Cash and cash equivalents	$ 72.9	$ 70.9
Trade accounts receivable - net	233.5	292.5
Inventories	190.6	207.4
Assets held for sale	92.9	0.0
Other current assets	39.5	62.5
Total current assets	629.4	633.3
PropertyPlantAndEquipmentNet	305.2	448.0
Intangible assets - net	104.5	106.3
Goodwill	172.4	166.1
Deferred income taxes	25.2	104.8
OtherAssetsNoncurrent	70.0	77.6
Total assets	1,306.7	1,536.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	0.6	14.8
LongTermDebtAndCapitalLeaseObligationsCurrent	22.0	15.6
Accounts payable	200.6	227.4
Accrued compensation and employee benefits	64.9	65.0
Liabilities held for sale	83.2	0.0
OtherLiabilitiesCurrent	49.7	49.2
Total current liabilities	421.0	372.0
LongTermDebtAndCapitalLeaseObligations	342.0	452.0
Deferred income taxes	6.1	8.1
Pensions	109.1	130.9
OtherLiabilitiesNoncurrent	79.9	79.5
Total liabilities	958.1	1,042.5
Commitments and contingencies (see Note 18)
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 53.8 million and 53.4 million shares	33.6	33.3
Additional paid-in capital	249.1	245.1
Retained earnings	274.2	469.9
Accumulated other comprehensive loss	(177.5)	(223.3)
Treasury stock, at cost, 2.7 million and 2.5 million shares	(37.9)	(37.1)
Total Modine shareholders' equity	341.5	487.9
Noncontrolling interest	7.1	5.7
Total equity	348.6	493.6
Total liabilities and equity	$ 1,306.7	$ 1,536.1