CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2022	Mar. 31, 2021
ASSETS
Cash and cash equivalents		$ 45.2	$ 37.8
Trade accounts receivable - net		367.5	267.9
Inventories		281.2	195.6
Assets held for sale		0.0	107.6
Other current assets		63.7	35.9
Total current assets		757.6	644.8
Property, plant and equipment - net	[1]	315.4	269.9
Intangible assets - net		90.3	100.6
Goodwill		168.1	170.7
Deferred income taxes		27.2	24.5
Other noncurrent assets		68.4	66.2
Total assets		1,427.0	1,276.7
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt		7.7	1.4
Long-term debt - current portion		21.7	21.9
Accounts payable		325.8	233.9
Accrued compensation and employee benefits		85.1	66.5
Liabilities held for sale		0.0	103.3
Other current liabilities		54.2	42.2
Total current liabilities		494.5	469.2
Long-term debt		348.4	311.2
Deferred income taxes		5.9	5.9
Pensions		47.2	58.6
Other noncurrent liabilities		72.9	75.7
Total liabilities		968.9	920.6
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 54.8 million and 54.3 million shares		34.2	33.9
Additional paid-in capital		261.6	255.0
Retained earnings		344.4	259.2
Accumulated other comprehensive loss		(149.5)	(161.2)
Treasury stock, at cost, 2.8 million and 2.7 million shares		(40.0)	(38.2)
Total Modine shareholders' equity		450.7	348.7
Noncontrolling interest		7.4	7.4
Total equity		458.1	356.1
Total liabilities and equity		$ 1,427.0	$ 1,276.7

[1] As of March 31, 2021, the Company had written-down the carrying value of held for sale property, plant and equipment within the liquid-cooled automotive business to zero.  During fiscal 2022, the business no longer met the requirements to be classified as held for sale.  As a result, the Company remeasured its long-lived assets to the lower of carrying value or fair value and recorded net impairment reversals totaling $56.0 million during fiscal 2022.  The assets within the liquid-cooled automotive business are located in Hungary, Germany, China, the U.S., Italy, and the Netherlands.  See Note 2 for additional information.