XML 150 R50.htm IDEA: XBRL DOCUMENT v3.25.1
Segment and Geographic Information (Tables)
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of Operating Segments
The following is the Company’s segment information: 
 Operating Income
(Millions of US dollars)North America
Fiber Cement		Asia Pacific
Fiber Cement		Europe Building
Products		Total
For the year ended 31 March 2025
Net sales$2,863.3 $519.9 $494.3 $3,877.5 
Cost of goods sold1,721.4 301.2 349.9 2,372.5 
Gross profit1,141.9 218.7 144.4 1,505.0 
Selling, general and administrative expenses291.7 56.0 104.0 451.7 
Restructuring expenses— 50.3 — 50.3 
Other expenses 1
9.3 1.4 2.4 13.1 
Segment operating income$840.9 $111.0 $38.0 $989.9 
Reconciliation to consolidated operating income 
Less: General Corporate 2 and Unallocated R&D costs
(334.0)
Consolidated operating income$655.9 
For the year ended 31 March 2024
Net sales$2,891.4 $562.8 $482.1 $3,936.3 
Cost of goods sold1,674.8 335.4 337.7 2,347.9 
Gross profit1,216.6 227.4 144.4 1,588.4 
Selling, general and administrative expenses287.1 60.0 96.1 443.2 
Other expenses 1
8.4 1.3 3.3 13.0 
Segment operating income$921.1 $166.1 $45.0 $1,132.2 
Reconciliation to consolidated operating income
Less: General Corporate and Unallocated R&D costs(364.8)
Consolidated operating income$767.4 
For the year ended 31 March 2023
Net sales$2,787.6 $539.2 $450.3 $3,777.1 
Cost of goods sold1,781.8 338.9 344.4 2,465.1 
Gross profit1,005.8 200.3 105.9 1,312.0 
Selling, general and administrative expenses232.8 56.2 77.7 366.7 
Other expenses 1
5.5 1.3 1.7 8.5 
Segment operating income$767.5 $142.8 $26.5 $936.8 
Reconciliation to consolidated operating income
Less: General Corporate and Unallocated R&D costs(195.4)
Consolidated operating income$741.4 
____________
1.Other expenses represent R&D costs allocated to the segments.
2.Includes merger costs.
Depreciation and Amortization
Years ended 31 March
(Millions of US dollars)202520242023
North America Fiber Cement$160.7 $133.8 $126.1 
Asia Pacific Fiber Cement19.2 17.0 14.7 
Europe Building Products32.4 29.7 28.0 
General Corporate and R&D3.9 4.5 3.8 
Total$216.2 $185.0 $172.6 

Capital Expenditures
Years ended 31 March
(Millions of US dollars)202520242023
North America Fiber Cement$287.2 $298.1 $392.0 
Asia Pacific Fiber Cement53.1 47.8 136.2 
Europe Building Products74.3 89.7 57.8 
General Corporate and R&D7.6 13.7 5.3 
Total$422.2 $449.3 $591.3 
Summary of Geographical Information
The following is the Company’s geographical information:
 
Net Sales
Years Ended 31 March
(Millions of US dollars)202520242023
United States of America$2,707.2 $2,743.7 $2,641.4 
Australia401.1 403.8 380.9 
Canada156.1 147.7 146.2 
Germany142.9 140.5 137.8 
New Zealand92.6 87.7 88.1 
Other Countries 1
377.6 412.9 382.7 
Total$3,877.5 $3,936.3 $3,777.1 

Long-Lived Assets
31 March
(Millions of US dollars)20252024
United States of America$1,627.7 $1,512.4 
Australia231.9 220.1 
Germany143.2 133.3 
Spain187.1 148.7 
Other Countries 2
52.2 87.2 
Total 3
$2,242.1 $2,101.7 
____________
1Included are all other countries that account for less than 5% of net sales individually, primarily in Great Britain, Switzerland, the Netherlands, the Philippines and other European countries.
2Included are all other countries that account for less than 5% of long-lived assets individually, primarily in the Netherlands and Great Britain.
3Long-lived assets include Property, plant and equipment and ROU assets.