CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2017	Mar. 31, 2017
ASSETS
Cash and cash equivalents	$ 50.5	$ 34.2
Trade accounts receivable - net	308.0	295.2
Inventories	184.3	168.5
Other current assets	60.6	55.4
Total current assets	603.4	553.3
Property, plant and equipment - net	490.2	459.0
Intangible assets - net	134.3	134.1
Goodwill	171.4	165.1
Deferred income taxes	113.9	108.4
Other noncurrent assets	24.8	29.6
Total assets	1,538.0	1,449.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	67.6	73.4
Long-term debt - current portion	36.0	31.8
Accounts payable	259.9	230.3
Accrued compensation and employee benefits	73.5	74.8
Other current liabilities	44.1	45.1
Total current liabilities	481.1	455.4
Long-term debt	401.9	405.7
Deferred income taxes	9.4	9.7
Pensions	116.9	119.4
Other noncurrent liabilities	39.1	38.1
Total liabilities	1,048.4	1,028.3
Commitments and contingencies (see Note 15)
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 52.1 million and 51.8 million shares	32.6	32.4
Additional paid-in capital	223.7	216.4
Retained earnings	405.6	372.4
Accumulated other comprehensive loss	(152.3)	(181.8)
Treasury stock, at cost, 1.8 million and 1.7 million shares	(27.1)	(25.4)
Total Modine shareholders' equity	482.5	414.0
Noncontrolling interest	7.1	7.2
Total equity	489.6	421.2
Total liabilities and equity	$ 1,538.0	$ 1,449.5

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.