CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
ASSETS
Cash and cash equivalents	$ 67.1	$ 45.2
Trade accounts receivable - net	398.0	367.5
Inventories	324.9	281.2
Other current assets	56.4	63.7
Total current assets	846.4	757.6
Property, plant and equipment - net	314.5	315.4
Intangible assets - net	81.1	90.3
Goodwill	165.6	168.1
Deferred income taxes	83.7	27.2
Other noncurrent assets	74.6	68.4
Total assets	1,565.9	1,427.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	3.7	7.7
Long-term debt - current portion	19.7	21.7
Accounts payable	332.8	325.8
Accrued compensation and employee benefits	89.8	85.1
Other current liabilities	61.1	54.2
Total current liabilities	507.1	494.5
Long-term debt	329.3	348.4
Deferred income taxes	4.8	5.9
Pensions	40.2	47.2
Other noncurrent liabilities	84.9	72.9
Total liabilities	966.3	968.9
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 55.4 million and 54.8 million shares	34.6	34.2
Additional paid-in capital	270.8	261.6
Retained earnings	497.5	344.4
Accumulated other comprehensive loss	(161.1)	(149.5)
Treasury stock, at cost, 3.3 million and 2.8 million shares	(49.0)	(40.0)
Total Modine shareholders' equity	592.8	450.7
Noncontrolling interest	6.8	7.4
Total equity	599.6	458.1
Total liabilities and equity	$ 1,565.9	$ 1,427.0