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OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION
 12 Months Ended
Mar. 31, 2023
Disclosure of operating segments [abstract]  
OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION
The Company elected to organize its operating segments principally on the basis of its customer markets. The Company manages its operations through its three segments. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker.

The Company has decided to disaggregate revenue from contracts with customers by segment, by products and services and by geographic regions as the Company believes it best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors.

Results by segment
The profitability measure employed by the Company for making decisions about allocating resources to segments and assessing segment performance is adjusted segment operating income. Adjusted segment operating income is calculated by taking operating income and adjusting for restructuring, integration and acquisition costs, and impairments and other gains and losses arising from significant strategic transactions or specific events, which gives an indication of the profitability of each segment because it does not include the impact of items not specifically related to the segment’s performance. For the years ended March 31, 2023 and 2022, impairments and other gains and losses arising from significant strategic transactions or specific events consist of the impairment reversal of non-financial assets following their repurposing and optimization (Note 5) and the cloud computing transition adjustment (Note 4).

The accounting principles used to prepare the information by operating segments are the same as those used to prepare the Company’s consolidated financial statements. The method used for the allocation of assets jointly used by operating segments and costs and liabilities jointly incurred (mostly corporate costs) between operating segments is based on the level of utilization when determinable and measurable, otherwise the allocation is based on a proportion of each segment’s cost of sales and revenue.
 
Defense    
Civil Aviationand SecurityHealthcareTotal
20232022202320222023202220232022
External revenue $2,166.4 $1,617.8 $1,844.2 $1,602.1 $192.7 $151.4 $4,203.3 $3,371.3 
Depreciation and amortization243.4 224.1 86.8 73.4 12.0 13.0 342.2 310.5 
Impairment (reversal) of non-financial assets – net 1.2 34.5 (3.5)3.0 (0.1)4.3 (2.4)41.8 
Share of after-tax profit of equity accounted investees47.0 42.1 6.2 6.4 — — 53.2 48.5 
Operating income430.3 224.1 35.7 56.0 8.0 4.1 474.0 284.2 
Adjusted segment operating income485.3 314.7 53.1 119.2 9.7 10.6 548.1 444.5 

Reconciliation of adjusted segment operating income is as follows:

Defense    
Civil Aviationand SecurityHealthcareTotal
20232022202320222023202220232022
Operating income$430.3 $224.1 $35.7 $56.0 $8.0 $4.1 $474.0 $284.2 
Restructuring, integration and acquisition costs (Note 5)
52.0 79.0 10.6 61.4 1.7 6.5 64.3 146.9 
Impairments and other gains and losses arising from
significant strategic transactions or specific events:
Impairment reversal of non-financial assets following
their repurposing and optimization (Note 5)
3.0— 6.8 — — — 9.8— 
Cloud computing transition adjustment (Note 4)
— 11.6 — 1.8 — — — 13.4 
Adjusted segment operating income$485.3 $314.7 $53.1 $119.2 $9.7 $10.6 $548.1 $444.5 
Capital expenditures by segment, which consist of property, plant and equipment expenditures and intangible assets expenditures (excluding those acquired in business combinations), are as follows:

20232022
Civil Aviation $329.2 $300.7 
Defense and Security53.6 46.5 
Healthcare12.4 15.6 
Total capital expenditures$395.2 $362.8 
 
Assets and liabilities employed by segment
The Company uses assets employed and liabilities employed to assess resources allocated to each segment. Assets employed include accounts receivable, contract assets, inventories, prepayments, property, plant and equipment, right-of-use assets, intangible assets, investment in equity accounted investees, derivative financial assets and other non-current assets. Liabilities employed include accounts payable and accrued liabilities, provisions, contract liabilities, derivative financial liabilities and other non-current liabilities.
 
Assets and liabilities employed by segment are reconciled to total assets and liabilities as follows:

20232022
Assets employed
  
Civil Aviation $5,852.4 $5,269.6 
Defense and Security 3,436.2 3,163.1 
Healthcare 310.1 269.2 
Assets not included in assets employed 837.8 876.9 
Total assets $10,436.5 $9,578.8 
Liabilities employed
  
Civil Aviation$1,142.0 $1,012.7 
Defense and Security 871.2 824.8 
Healthcare 69.3 64.9 
Liabilities not included in liabilities employed 3,765.1 3,589.8 
Total liabilities $5,847.6 $5,492.2 
 
Products and services information
The Company's revenue from external customers for its products and services are as follows:
20232022
Products$1,570.8 $1,403.6 
Training, software and services2,632.5 1,967.7 
Total external revenue$4,203.3 $3,371.3 
Geographic information
The Company markets its products and services globally. Revenues are attributed to geographical regions based on the location of customers. Non-current assets other than financial instruments and deferred tax assets are attributed to geographical regions based on the location of the assets, excluding goodwill. Goodwill is presented by geographical regions based on the Company’s allocation of the related purchase price.
20232022
External revenue  
Canada$372.0 $366.8 
United States2,184.7 1,682.5 
United Kingdom264.2 208.5 
Rest of Americas89.6 78.4 
Europe574.0 473.4 
Asia627.0 472.2 
Oceania and Africa91.8 89.5 
$4,203.3 $3,371.3 
20232022
Non-current assets other than financial instruments, deferred tax assets and employee benefits assets  
Canada$1,641.2 $1,570.8 
United States4,049.8 3,554.2 
United Kingdom383.9 370.4 
Rest of Americas180.8 177.0 
Europe982.4 916.3 
Asia519.8 498.1 
Oceania and Africa112.5 79.5 
$7,870.4 $7,166.3