CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
ASSETS
Cash and cash equivalents	$ 60.1	$ 67.1
Trade accounts receivable - net	422.9	398.0
Inventories	357.9	324.9
Other current assets	53.1	56.4
Total current assets	894.0	846.4
Property, plant and equipment - net	365.7	314.5
Intangible assets - net	188.3	81.1
Goodwill	230.9	165.6
Deferred income taxes	75.1	83.7
Other noncurrent assets	97.5	74.6
Total assets	1,851.5	1,565.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	12.0	3.7
Long-term debt - current portion	19.7	19.7
Accounts payable	283.4	332.8
Accrued compensation and employee benefits	101.6	89.8
Other current liabilities	129.1	61.1
Total current liabilities	545.8	507.1
Long-term debt	399.9	329.3
Deferred income taxes	30.0	4.8
Pensions	27.7	40.2
Other noncurrent liabilities	92.6	84.9
Total liabilities	1,096.0	966.3
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 56.1 million and 55.4 million shares	35.0	34.6
Additional paid-in capital	283.7	270.8
Retained earnings	659.0	497.5
Accumulated other comprehensive loss	(163.4)	(161.1)
Treasury stock, at cost, 3.7 million and 3.3 million shares	(66.7)	(49.0)
Total Modine shareholders' equity	747.6	592.8
Noncontrolling interest	7.9	6.8
Total equity	755.5	599.6
Total liabilities and equity	$ 1,851.5	$ 1,565.9