CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2021	Mar. 31, 2020
ASSETS
Cash and cash equivalents		$ 37.8	$ 70.9
Trade accounts receivable - net		267.9	292.5
Inventories		195.6	207.4
Assets held for sale		107.6	0.0
Other current assets		35.9	62.5
Total current assets		644.8	633.3
Property, plant and equipment - net	[1]	269.9	448.0
Intangible assets - net		100.6	106.3
Goodwill		170.7	166.1
Deferred income taxes		24.5	104.8
Other noncurrent assets		66.2	77.6
Total assets		1,276.7	1,536.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt		1.4	14.8
Long-term debt - current portion		21.9	15.6
Accounts payable		233.9	227.4
Accrued compensation and employee benefits		66.5	65.0
Liabilities held for sale		103.3	0.0
Other current liabilities		42.2	49.2
Total current liabilities		469.2	372.0
Long-term debt		311.2	452.0
Deferred income taxes		5.9	8.1
Pensions		58.6	130.9
Other noncurrent liabilities		75.7	79.5
Total liabilities		920.6	1,042.5
Commitments and contingencies (see Note 20)
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 54.3 million and 53.4 million shares		33.9	33.3
Additional paid-in capital		255.0	245.1
Retained earnings		259.2	469.9
Accumulated other comprehensive loss		(161.2)	(223.3)
Treasury stock, at cost, 2.7 million and 2.5 million shares		(38.2)	(37.1)
Total Modine shareholders' equity		348.7	487.9
Noncontrolling interest		7.4	5.7
Total equity		356.1	493.6
Total liabilities and equity		$ 1,276.7	$ 1,536.1

[1] In connection with the pending sales of the liquid- and air-cooled automotive businesses within the Automotive segment, the Company wrote-down the carrying value of the disposal groups’ property, plant and equipment to zero as of March 31, 2021.  The assets impaired were located in Hungary, Germany, Austria, China, the U.S., Italy, and the Netherlands.  See Note 2 for additional information on the held for sale businesses and impairment charges recorded during fiscal 2021.