Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

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

v3.25.1
Asbestos - Summary of Net Unfunded AFFA Liability, Net of Tax (Details)
$ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2025
AUD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2024
AUD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2023
AUD ($)
Asbestos Net Liability [Roll Forward]            
Change in claims handling cost estimate $ 0.5   $ (8.5)   $ (1.2)  
Net Unfunded AFFA Liability, net of tax            
Asbestos Net Liability [Roll Forward]            
Net Unfunded AFFA liability, net of tax, Beginning Balance (399.0)          
Asbestos claims paid 0.0          
Payment received in accordance with AFFA 99.2          
AICF claims-handling costs incurred (paid) 0.0          
AICF operating costs paid - non claims-handling (2.9)          
Change in actuarial estimate (137.5)          
Change in claims handling cost estimate 0.5          
Impact on deferred income tax due to change in actuarial estimate 41.1          
Insurance recoveries 0.0          
Movement in income tax payable (40.0)          
Other movements 7.1          
Effect of foreign exchange 13.4          
Net Unfunded AFFA liability, net of tax, Ending Balance (418.1)   (399.0)      
Deferred Tax Assets            
Asbestos Net Liability [Roll Forward]            
Asbestos, deferred tax assets, beginning balance 284.5   294.0      
Impact on deferred income tax due to change in actuarial estimate 41.1          
Movement in income tax payable (39.0)          
Other movements (2.8)          
Effect of foreign exchange (8.8)          
Asbestos, deferred tax assets, beginning balance 284.5   294.0      
Income Tax Payable            
Asbestos Net Liability [Roll Forward]            
Asbestos, income tax payable, beginning balance 39.5          
Movement in income tax payable (1.0)          
Other movements 0.4          
Effect of foreign exchange (1.0)          
Asbestos, income tax payable, ending balance 37.9   39.5      
Net Unfunded AFFA Liability            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance (732.5)          
Payment received in accordance with AFFA 99.2          
AICF operating costs paid - non claims-handling (2.9)          
Change in actuarial estimate (137.5)          
Change in claims handling cost estimate 0.5          
Other movements 9.5          
Effect of foreign exchange 23.2          
Asbestos net liability, ending balance (740.5)   (732.5)      
Asbestos Liability            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance (989.7)          
Asbestos claims paid 113.2          
AICF claims-handling costs incurred (paid) 1.2          
Change in actuarial estimate (139.6)          
Change in claims handling cost estimate 0.5          
Effect of foreign exchange 30.8          
Asbestos net liability, ending balance (983.6)   (989.7)      
Insurance Receivables            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance 31.5          
Change in actuarial estimate 2.1          
Insurance recoveries (3.9)          
Effect of foreign exchange (1.0)          
Asbestos net liability, ending balance 28.7   31.5      
Restricted Cash and Investments            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance 224.2          
Asbestos claims paid (113.2)          
Payment received in accordance with AFFA 99.2 $ 149.6 91.8 $ 137.5 $ 109.6 $ 158.8
AICF claims-handling costs incurred (paid) (1.2)          
AICF operating costs paid - non claims-handling (2.9)          
Insurance recoveries 3.9          
Other movements 10.3          
Effect of foreign exchange (6.6)          
Asbestos net liability, ending balance 213.7   224.2      
Other Assets and Liabilities            
Asbestos Net Liability [Roll Forward]            
Asbestos, net liability, beginning balance 1.5          
Other movements (0.8)          
Effect of foreign exchange 0.0          
Asbestos net liability, ending balance $ 0.7   $ 1.5