CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2019	Mar. 31, 2019
ASSETS
Cash and cash equivalents	$ 29.1	$ 41.7
Trade accounts receivable - net	336.9	338.6
Inventories	216.2	200.7
Other current assets	69.7	65.8
Total current assets	651.9	646.8
Property, plant and equipment - net	479.1	484.7
Intangible assets - net	114.4	116.2
Goodwill	168.5	168.5
Deferred income taxes	98.2	97.1
Other noncurrent assets	89.2	24.7
Total assets	1,601.3	1,538.0	[1]
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	121.5	66.0
Long-term debt - current portion	33.5	48.6
Accounts payable	272.9	280.9
Accrued compensation and employee benefits	77.5	81.7
Other current liabilities	52.8	39.9
Total current liabilities	558.2	517.1
Long-term debt	302.2	335.1
Deferred income taxes	8.6	8.2
Pensions	100.2	101.7
Other noncurrent liabilities	85.8	34.8
Total liabilities	1,055.0	996.9
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 53.3 million and 52.8 million shares	33.2	33.0
Additional paid-in capital	240.2	238.6
Retained earnings	480.1	472.1
Accumulated other comprehensive loss	(176.2)	(178.4)
Treasury stock, at cost, 2.5 million and 2.1 million shares	(37.0)	(31.4)
Total Modine shareholders' equity	540.3	533.9
Noncontrolling interest	6.0	7.2
Total equity	546.3	541.1
Total liabilities and equity	$ 1,601.3	$ 1,538.0

[1] The Company adopted new lease accounting guidance and, as a result, recorded $61.3 million of operating lease assets on its consolidated balance sheet on April 1, 2019.  See Note 1 for additional information.