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v3.22.1

Operating Segment Information and Concentrations of Risk (Tables) | 12 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Summary of Operating Segments | The following is the Company’s operating segment information:
|  | Net Sales Years Ended 31 March
(Millions of US dollars) |  | 2022 |  | 2021 |  | 2020
North America Fiber Cement |  | $ | 2,551.3 |  |  | $ | 2,040.2 |  |  | $ | 1,816.4 |
Asia Pacific Fiber Cement |  | 574.9 |  |  | 458.2 |  |  | 418.4 |
Europe Building Products |  | 488.5 |  |  | 410.3 |  |  | 371.4 |
Other Businesses |  | — |  |  | — |  |  | 0.6 |
Worldwide total |  | $ | 3,614.7 |  |  | $ | 2,908.7 |  |  | $ | 2,606.8 |
|  | Operating Income Years Ended 31 March
(Millions of US dollars) |  | 2022 |  | 2021 |  | 2020
North America Fiber Cement |  | $ | 741.2 |  |  | $ | 585.5 |  |  | $ | 429.3 |
Asia Pacific Fiber Cement |  | 160.8 |  |  | 124.8 |  |  | 58.5 |
Europe Building Products |  | 62.9 |  |  | 37.6 |  |  | 11.2 |
Research and Development |  | (34.4) |  |  | (28.9) |  |  | (27.0) |
Segments total |  | 930.5 |  |  | 719.0 |  |  | 472.0 |
General Corporate |  | (247.9) |  |  | (246.2) |  |  | (129.5) |
Total operating income |  | 682.6 |  |  | 472.8 |  |  | 342.5 |
|  | Depreciation and Amortization Years ended 31 March
(Millions of US dollars) |  | 2022 |  | 2021 |  | 2020
North America Fiber Cement |  | $ | 114.4 |  |  | $ | 89.1 |  |  | $ | 88.7 |
Asia Pacific Fiber Cement |  | 13.6 |  |  | 13.9 |  |  | 12.7 |
Europe Building Products |  | 29.8 |  |  | 28.0 |  |  | 25.6 |
Other Businesses |  | — |  |  | — |  |  | 0.2 |
General Corporate |  | 2.8 |  |  | 2.8 |  |  | 3.2 |
Research and Development |  | 1.2 |  |  | 1.2 |  |  | 1.1 |
Total |  | $ | 161.8 |  |  | $ | 135.0 |  |  | $ | 131.5 |
|  | Total Identifiable Assets 31 March
(Millions of US dollars) |  | 2022 |  | 2021
North America Fiber Cement |  | $ | 1,434.8 |  |  | $ | 1,273.9 |
Asia Pacific Fiber Cement |  | 429.1 |  |  | 371.0 |
Europe Building Products |  | 745.2 |  |  | 762.1 |
Research and Development |  | 13.5 |  |  | 10.3 |
Segments total |  | 2,622.6 |  |  | 2,417.3 |
General Corporate 1 |  | 1,620.6 |  |  | 1,671.7 |
Worldwide total |  | $ | 4,243.2 |  |  | $ | 4,089.0 |
Summary of Geographical Information | The following is the Company’s geographical information:
|  | Net Sales Years Ended 31 March
(Millions of US dollars) |  | 2022 |  | 2021 |  | 2020
North America 2 |  | $ | 2,551.3 |  |  | $ | 2,040.2 |  |  | $ | 1,817.0 |
Australia |  | 391.7 |  |  | 321.9 |  |  | 290.4 |
Germany |  | 165.0 |  |  | 143.0 |  |  | 135.7 |
New Zealand |  | 115.9 |  |  | 81.9 |  |  | 72.2 |
Other Countries 3 |  | 390.8 |  |  | 321.7 |  |  | 291.5 |
Worldwide total |  | $ | 3,614.7 |  |  | $ | 2,908.7 |  |  | $ | 2,606.8 |
|  |  |  | Total Identifiable Assets 31 March
(Millions of US dollars) |  |  |  | 2022 |  | 2021
North America 2 |  |  |  | $ | 1,442.7 |  |  | $ | 1,279.4 |
Australia |  |  |  | 314.4 |  |  | 256.7 |
Germany |  |  |  | 503.7 |  |  | 527.6 |
New Zealand |  |  |  | 48.9 |  |  | 46.3 |
Other Countries 3 |  |  |  | 312.9 |  |  | 307.3 |
Segments total |  |  |  | 2,622.6 |  |  | 2,417.3 |
General Corporate 1 |  |  |  | 1,620.6 |  |  | 1,671.7 |
Worldwide total |  |  |  | $ | 4,243.2 |  |  | $ | 4,089.0 |
____________ 1 Included in General Corporate are deferred tax assets for each operating segment that are not held directly accountable for deferred income taxes and Asbestos-related assets. 2 The amounts disclosed for North America are substantially all related to the USA. 3 Included are all other countries that account for less than 5% of net sales and total identifiable assets individually, primarily in the Philippines, Switzerland and other European countries.
|  | Years Ended 31 March
(Millions of US dollars) |  | 2022 |  | 2021 |  | 2020
North America Fiber Cement |  | $ | 5.3 |  |  | $ | 5.6 |  |  | $ | 5.3 |
Asia Pacific Fiber Cement |  | 1.5 |  |  | 1.1 |  |  | 1.8 |
Europe Building Products |  | 0.9 |  |  | 1.6 |  |  | 1.7 |
Research and Development |  | 30.3 |  |  | 26.0 |  |  | 24.0 |
|  | $ | 38.0 |  |  | $ | 34.3 |  |  | $ | 32.8 |
The following represents the Asset impairments by segment for the fiscal year ended 31 March 2020:
(Millions of US dollars) |  | North America Fiber Cement |  | Asia Pacific Fiber Cement |  | Europe Building Products |  | General Corporate |  | Total
Property, plant and equipment 1 |  | $ | 41.2 |  |  | $ | 15.0 |  |  | $ | 5.5 |  |  | $ | — |  |  | $ | 61.7 |
Right-of-use assets 2 |  | — |  |  | 11.2 |  |  | — |  |  | — |  |  | 11.2 |
Intangible assets |  | — |  |  | — |  |  | — |  |  | 1.4 |  |  | 1.4 |
Inventories 3 |  | — |  |  | 2.9 |  |  | — |  |  | — |  |  | 2.9 |
Goodwill |  | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Asset Retirement Obligations 4 |  | — |  |  | 5.8 |  |  | — |  |  | — |  |  | 5.8 |
Other |  | — |  |  | 1.2 |  |  | — |  |  | — |  |  | 1.2 |
|  | $ | 41.2 |  |  | $ | 36.3 |  |  | $ | 5.5 |  |  | $ | 1.4 |  |  | $ | 84.4 |
____________ 1 Excludes US$2.8 million of impairment charges in North America Fiber Cement segment on individual assets that were included in Cost of goods sold. Refer to Note 7 for further details. 2 Relates to the closure of the Penrose, New Zealand plant. 3 The US$2.9 million charge primarily relates to the estimated costs associated with pallets and raw materials, with the closing of the New Zealand plant and exit of James Hardie Systems. 4 The total Asset Retirement Obligation balance at 31 March 2020 of US$8.0 million is recorded in the Asia Pacific Fiber Cement segment in Other liabilities - non-current and relates to the New Zealand plant. This balance is inclusive of the impairment amount above.
Summary of Gross Sales by Major Customers | The following represents net sales generated by this customer, which is from the North America Fiber Cement segment:
|  | Years Ended 31 March
(Millions of US dollars) |  | 2022 |  | 2021 |  | 2020
Customer A |  | $ | 418.3 |  |  | 12.0 | % |  | $ | 347.3 |  |  | 12.0 | % |  | $ | 306.0 |  |  | 12.0 | %

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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