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

Business Combinations (Tables)

v3.19.1
Business Combinations (Tables)
 12 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following is the purchase price allocation for Fermacell:
(Millions of US dollars)
 
Cash and cash equivalents
$
76.9

Accounts and other receivable
43.7

Inventories
39.7

Other assets
4.1

Property, plant and equipment
230.3

Intangible assets
187.0

Accounts payable
(40.5
)
Other liabilities
(41.2
)
Deferred tax liabilities
(84.4
)
Net assets acquired
$
415.6

Goodwill
220.0

Total consideration
$
635.6

Schedule of Indefinite and Finite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the estimated fair value of acquired identifiable intangible assets:
  (Millions of US dollars)
Estimated remaining useful life (years)
Fair Value
Trade name
Indefinite
$
126.8

Customer relationships
13
57.8

Other intangible assets
2 - 13
2.4

Total
 
$
187.0

Business Acquisition, Pro Forma Information
James Hardie Industries Consolidated Pro Forma
 
Years Ended 31 March
 
2019
 
2018
(Millions of US dollars)
(Unaudited)
 
(Unaudited)
Net sales
$
2,506.6

 
$
2,367.0

Income before income taxes
329.7

 
203.6


Europe Building Products Pro Forma
 
Years Ended 31 March
 
2019
 
2018
(Millions of US dollars)
(Unaudited)
 
(Unaudited)
Net sales
$
368.3

 
$
348.8

Income before income taxes
39.1

 
29.0