CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Mar. 31, 2021
ASSETS
Cash and cash equivalents	$ 61.1	$ 37.8
Trade accounts receivable - net	309.3	267.9
Inventories	278.1	195.6
Assets held for sale	0.0	107.6
Other current assets	53.1	35.9
Total current assets	701.6	644.8
Property, plant and equipment - net	318.1	269.9
Intangible assets - net	93.2	100.6
Goodwill	169.5	170.7
Deferred income taxes	28.9	24.5
Other noncurrent assets	70.1	66.2
Total assets	1,381.4	1,276.7
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	0.0	1.4
Long-term debt - current portion	21.8	21.9
Accounts payable	295.4	233.9
Accrued compensation and employee benefits	64.2	66.5
Liabilities held for sale	0.0	103.3
Other current liabilities	52.7	42.2
Total current liabilities	434.1	469.2
Long-term debt	368.8	311.2
Deferred income taxes	6.0	5.9
Pensions	61.0	58.6
Other noncurrent liabilities	73.9	75.7
Total liabilities	943.8	920.6
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 54.6 million and 54.3 million shares	34.2	33.9
Additional paid-in capital	260.5	255.0
Retained earnings	336.0	259.2
Accumulated other comprehensive loss	(160.8)	(161.2)
Treasury stock, at cost, 2.8 million and 2.7 million shares	(39.7)	(38.2)
Total Modine shareholders' equity	430.2	348.7
Noncontrolling interest	7.4	7.4
Total equity	437.6	356.1
Total liabilities and equity	$ 1,381.4	$ 1,276.7