CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024
ASSETS
Cash and cash equivalents	$ 71.6	$ 60.1
Trade accounts receivable - net	478.9	422.9
Inventories	340.9	357.9
Other current assets	69.8	53.1
Total current assets	961.2	894.0
Property, plant and equipment - net	390.5	365.7
Intangible assets - net	146.7	188.3
Goodwill	233.9	230.9
Deferred income taxes	67.0	75.1
Other noncurrent assets	118.3	97.5
Total assets	1,917.6	1,851.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	9.3	12.0
Long-term debt - current portion	44.8	19.7
Accounts payable	290.8	283.4
Accrued compensation and employee benefits	102.7	101.6
Other current liabilities	93.4	129.1
Total current liabilities	541.0	545.8
Long-term debt	296.7	399.9
Deferred income taxes	24.1	30.0
Pensions	29.4	27.7
Other noncurrent liabilities	108.2	92.6
Total liabilities	999.4	1,096.0
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 56.5 million and 56.1 million shares	35.3	35.0
Additional paid-in capital	310.8	283.7
Retained earnings	843.0	659.0
Accumulated other comprehensive loss	(181.3)	(163.4)
Treasury stock, at cost, 4.1 million and 3.7 million shares	(97.6)	(66.7)
Total Modine shareholders' equity	910.2	747.6
Noncontrolling interest	8.0	7.9
Total equity	918.2	755.5
Total liabilities and equity	$ 1,917.6	$ 1,851.5