CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Mar. 31, 2025
ASSETS
Cash and cash equivalents	$ 124.5	$ 71.6
Trade accounts receivable - net	516.6	478.9
Inventories	434.8	340.9
Other current assets	79.5	69.8
Total current assets	1,155.4	961.2
Property, plant and equipment - net	425.9	390.5
Intangible assets - net	198.8	146.7
Goodwill	268.2	233.9
Deferred income taxes	59.1	67.0
Other noncurrent assets	121.1	118.3
Total assets	2,228.5	1,917.6
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt		9.3
Long-term debt - current portion	45.0	44.8
Accounts payable	340.0	290.8
Accrued compensation and employee benefits	78.2	102.7
Other current liabilities	98.7	93.4
Total current liabilities	561.9	541.0
Long-term debt	482.1	296.7
Deferred income taxes	24.8	24.1
Pensions	30.2	29.4
Other noncurrent liabilities	110.8	108.2
Total liabilities	1,209.8	999.4
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 56.6 million and 56.5 million shares	35.4	35.3
Additional paid-in capital	316.5	310.8
Retained earnings	894.2	843.0
Accumulated other comprehensive loss	(131.9)	(181.3)
Treasury stock, at cost, 4.1 million shares	(102.7)	(97.6)
Total Modine shareholders' equity	1,011.5	910.2
Noncontrolling interest	7.2	8.0
Total equity	1,018.7	918.2
Total liabilities and equity	$ 2,228.5	$ 1,917.6