CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
ASSETS
Cash and cash equivalents	$ 92.5	$ 67.1
Trade accounts receivable - net	399.8	398.0
Inventories	333.5	324.9
Other current assets	68.3	56.4
Total current assets	894.1	846.4
Property, plant and equipment - net	310.3	314.5
Intangible assets - net	79.1	81.1
Goodwill	165.6	165.6
Deferred income taxes	81.2	83.7
Other noncurrent assets	77.6	74.6
Total assets	1,607.9	1,565.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	8.0	3.7
Long-term debt - current portion	19.7	19.7
Accounts payable	317.5	332.8
Accrued compensation and employee benefits	81.7	89.8
Other current liabilities	79.8	61.1
Total current liabilities	506.7	507.1
Long-term debt	330.0	329.3
Deferred income taxes	5.3	4.8
Pensions	39.7	40.2
Other noncurrent liabilities	81.7	84.9
Total liabilities	963.4	966.3
Commitments and contingencies (see Note 17)
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 55.6 million and 55.4 million shares	34.7	34.6
Additional paid-in capital	272.7	270.8
Retained earnings	542.3	497.5
Accumulated other comprehensive loss	(161.6)	(161.1)
Treasury stock, at cost, 3.4 million and 3.3 million shares	(50.2)	(49.0)
Total Modine shareholders' equity	637.9	592.8
Noncontrolling interest	6.6	6.8
Total equity	644.5	599.6
Total liabilities and equity	$ 1,607.9	$ 1,565.9