CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2023	Mar. 31, 2023
ASSETS
Cash and cash equivalents	$ 120.2	$ 67.1
Trade accounts receivable - net	377.0	398.0
Inventories	321.5	324.9
Assets held for sale	18.4	0.0
Other current assets	60.9	56.4
Total current assets	898.0	846.4
Property, plant and equipment - net	303.8	314.5
Intangible assets - net	79.3	81.1
Goodwill	164.3	165.6
Deferred income taxes	77.6	83.7
Other noncurrent assets	82.1	74.6
Total assets	1,605.1	1,565.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	0.1	3.7
Long-term debt - current portion	19.6	19.7
Accounts payable	274.9	332.8
Accrued compensation and employee benefits	78.4	89.8
Liabilities held for sale	21.1	0.0
Other current liabilities	99.0	61.1
Total current liabilities	493.1	507.1
Long-term debt	322.9	329.3
Deferred income taxes	5.2	4.8
Pensions	31.3	40.2
Other noncurrent liabilities	78.6	84.9
Total liabilities	931.1	966.3
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 55.7 million and 55.4 million shares	34.8	34.6
Additional paid-in capital	276.4	270.8
Retained earnings	588.8	497.5
Accumulated other comprehensive loss	(173.7)	(161.1)
Treasury stock, at cost, 3.6 million and 3.3 million shares	(59.3)	(49.0)
Total Modine shareholders' equity	667.0	592.8
Noncontrolling interest	7.0	6.8
Total equity	674.0	599.6
Total liabilities and equity	$ 1,605.1	$ 1,565.9