CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Assets:
Cash and cash equivalents	$ 79.9	$ 87.2
Trade accounts receivable - net	176.0	221.1
Inventories	124.1	116.8
Deferred income taxes	13.8	13.0
Other current assets	81.0	60.7
Total current assets	474.8	498.8
Property, plant and equipment - net	336.8	359.6
Intangible assets - net	10.7	12.4
Goodwill	26.2	28.7
Deferred income taxes	92.3	98.6
Other noncurrent assets	23.9	34.2
Total assets	964.7	1,032.3
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	23.0	32.4
Long-term debt - current portion	0.5	0.8
Accounts payable	140.5	171.1
Accrued compensation and employee benefits	55.8	70.8
Other current liabilities	98.5	82.1
Total current liabilities	318.3	357.2
Long-term debt	130.1	131.2
Deferred income taxes	6.5	7.3
Pensions	68.8	81.0
Other noncurrent liabilities	18.1	27.0
Total liabilities	541.8	603.7
Commitments and contingencies (see Note 15)
Shareholders' equity:
Preferred stock, $0.025 par value, authorized 16.0 million shares, issued - none	0	0
Common stock, $0.625 par value, authorized 80.0 million shares, issued 48.6 million and 48.3 million shares	30.4	30.2
Additional paid-in capital	180.4	175.7
Retained earnings	363.0	338.0
Accumulated other comprehensive loss	(139.2)	(103.9)
Treasury stock, at cost, 0.7 million shares	(16.2)	(15.2)
Total Modine shareholders' equity	418.4	424.8
Noncontrolling interest	4.5	3.8
Total equity	422.9	428.6
Total liabilities and equity	$ 964.7	$ 1,032.3