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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents $ 72.9 $ 60.1
Trade accounts receivable - net 438.1 422.9
Inventories 350.0 357.9
Other current assets 52.8 53.1
Total current assets 913.8 894.0
Property, plant and equipment - net 363.7 365.7
Intangible assets - net 170.7 188.3
Goodwill 237.4 230.9
Deferred income taxes 67.0 75.1
Other noncurrent assets 113.8 97.5
Total assets 1,866.4 1,851.5
LIABILITIES AND SHAREHOLDERS' EQUITY    
Short-term debt 4.3 12.0
Long-term debt - current portion 25.9 19.7
Accounts payable 274.3 283.4
Accrued compensation and employee benefits 85.0 101.6
Other current liabilities 118.8 129.1
Total current liabilities 508.3 545.8
Long-term debt 405.7 399.9
Deferred income taxes 26.4 30.0
Pensions 26.0 27.7
Other noncurrent liabilities 103.7 92.6
Total liabilities 1,070.1 1,096.0
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 56.2 million and 56.1 million shares 35.1 35.0
Additional paid-in capital 287.9 283.7
Retained earnings 706.3 659.0
Accumulated other comprehensive loss (169.5) (163.4)
Treasury stock, at cost, 3.8 million and 3.7 million shares (71.4) (66.7)
Total Modine shareholders' equity 788.4 747.6
Noncontrolling interest 7.9 7.9
Total equity 796.3 755.5
Total liabilities and equity $ 1,866.4 $ 1,851.5