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

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Property, Plant and Equipment Estimated Useful Lives Depreciation of property, plant and equipment is computed using the straight-line method over the following estimated useful lives: 
  
Years
Buildings
5 to 50
Buildings Improvements
3 to 40
Leasehold Improvements
4 to 40
Machinery and Equipment
1 to 40

Basic and Dilutive Common Shares Outstanding Used in Determining Net Income Per Share
Basic and dilutive common shares outstanding used in determining net income per share are as follows:
 
Years Ended 31 March
(Millions of shares)
2020
 
2019
 
2018
Basic common shares outstanding
442.6

 
441.9

 
441.2

Dilutive effect of stock awards
1.5

 
1.1

 
1.1

Diluted common shares outstanding
444.1

 
443.0

 
442.3

 
 
 
 
 
 
(US dollars)
2020
 
2019
 
2018
Net income per share - basic
0.55

 
0.52

 
0.33

Net income per share - diluted
0.54

 
0.52

 
0.33


Schedule of Immaterial Change in Statement of Cash Flows Line Items The amounts presented within this report in the consolidated statement of cash flows have been adjusted for the fiscal years ended 31 March 2019 and 2018, as set forth in the following table:
 
Year Ended
31 March 2019
 
Year Ended
31 March 2018
(Millions of US dollars)
As
reported
As
adjusted
 
As
reported
As
adjusted
Cash Flows From Operating Activities
 
 
 
 
 
Accounts payable and accrued liabilities
$
(12.9
)
$
3.5

 
$
14.2

$
20.7

Net cash provided by operating activities
287.6

304.0

 
302.0

308.5

 
 
 
 
 
 
Cash Flows From Investing Activities
 
 
 
 
 
Purchases of property, plant and equipment
(301.1
)
(317.5
)
 
(203.7
)
(210.2
)
Net cash used in investing activities
(848.0
)
(864.4
)
 
(239.0
)
(245.5
)