Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Asbestos - Summary of Net Unfunded AFFA Liability, Net of Tax (Details)

v3.23.1
Asbestos - Summary of Net Unfunded AFFA Liability, Net of Tax (Details)
$ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2023
USD ($)
Mar. 31, 2023
AUD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2022
AUD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2021
AUD ($)
Asbestos Net Liability [Roll Forward]            
Change in claims handling cost estimate $ (1.2)   $ (0.6)   $ (1.5)  
Net Unfunded AFFA Liability, net of tax            
Asbestos Net Liability [Roll Forward]            
Net Unfunded AFFA liability, net of tax, Beginning Balance (433.5)          
Asbestos claims paid 0.0          
Payment received in accordance with AFFA 109.6          
AICF claims-handling costs incurred (paid) 0.0          
AICF operating costs paid - non claims-handling (1.5)          
Change in actuarial estimate (55.9)          
Change in claims handling cost estimate (1.2)          
Impact on deferred income tax due to change in actuarial estimate 17.1          
Insurance recoveries 0.0          
Movement in income tax payable (40.1)          
Other movements 0.9          
Effect of foreign exchange 45.9          
Net Unfunded AFFA liability, net of tax, Ending Balance (358.7)   (433.5)      
Deferred Tax Assets            
Asbestos Net Liability [Roll Forward]            
Asbestos, deferred tax assets, beginning balance 298.6   360.1      
Impact on deferred income tax due to change in actuarial estimate 17.1          
Movement in income tax payable (41.1)          
Other movements (1.2)          
Effect of foreign exchange (36.3)          
Asbestos, deferred tax assets, beginning balance 298.6   360.1      
Income Tax Payable            
Asbestos Net Liability [Roll Forward]            
Asbestos, income tax payable, beginning balance 43.9          
Movement in income tax payable 1.0          
Other movements 0.3          
Effect of foreign exchange (4.5)          
Asbestos, income tax payable, ending balance 40.7   43.9      
Net Unfunded AFFA Liability            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance (837.5)          
Payment received in accordance with AFFA 109.6          
AICF operating costs paid - non claims-handling (1.5)          
Change in actuarial estimate (55.9)          
Change in claims handling cost estimate (1.2)          
Other movements 1.8          
Effect of foreign exchange 86.7          
Asbestos net liability, ending balance (698.0)   (837.5)      
Asbestos Liability            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance (1,143.7)          
Asbestos claims paid 106.8          
AICF claims-handling costs incurred (paid) 1.1          
Change in actuarial estimate (56.0)          
Change in claims handling cost estimate (1.2)          
Effect of foreign exchange 115.9          
Asbestos net liability, ending balance (977.1)   (1,143.7)      
Insurance Receivables            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance 45.7          
Change in actuarial estimate 0.1          
Insurance recoveries (6.2)          
Effect of foreign exchange (4.6)          
Asbestos net liability, ending balance 35.0   45.7      
Restricted Cash and Investments            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance 261.6          
Asbestos claims paid (106.8)          
Payment received in accordance with AFFA 109.6 $ 158.8 248.5 $ 328.2 $ 153.3 $ 220.9
AICF claims-handling costs incurred (paid) (1.1)          
AICF operating costs paid - non claims-handling (1.5)          
Insurance recoveries 6.2          
Other movements 1.8          
Effect of foreign exchange (25.1)          
Asbestos net liability, ending balance 244.7   261.6      
Other Assets and Liabilities            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance (1.1)          
Effect of foreign exchange 0.5          
Asbestos net liability, ending balance $ (0.6)   $ (1.1)