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

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)

v3.20.1
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Goodwill
The following are the changes in the carrying value of goodwill for the fiscal years ended 31 March 2020 and 2019:
(Millions of US dollars)
Europe Building Products
 
Asia Pacific Fiber Cement
 
Other
Businesses
 
Total
Balance - 31 March 2018
$
—

 
$
0.3

 
$
4.6

 
$
4.9

Acquired
220.0

 
—

 
—

 
220.0

Impairment
—

 
—

 
(4.6
)
 
(4.6
)
Foreign exchange impact
(19.2
)
 
—

 
—

 
(19.2
)
Balance - 31 March 2019
$
200.8

 
$
0.3

 
$
—

 
$
201.1

Impairment
—

 
(0.2
)
 
—

 
(0.2
)
Foreign exchange impact
(3.9
)
 
(0.1
)
 
—

 
(4.0
)
Balance - 31 March 2020
$
196.9

 
$
—

 
$
—

 
$
196.9



Schedule of Finite-Lived Intangible Assets
The following are the net carrying amount of amortizable intangible assets for the fiscal years ended 31 March 2020 and 2019:
 
Year Ended 31 March 2020
(Millions of US dollars)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Customer Relationships
$
51.4

 
$
(6.4
)
 
$
45.0

Other1
11.6

 
(10.8
)
 
0.8

Total
$
63.0

 
$
(17.2
)
 
$
45.8

1 Includes impairment charges of US$1.4 million for the fiscal year ended 31 March 2020
 
Year Ended 31 March 2019
(Millions of US dollars)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Customer Relationships
$
52.0

 
$
(4.3
)
 
$
47.7

Other1
11.8

 
(8.6
)
 
3.2

Total
$
63.8

 
$
(12.9
)
 
$
50.9

1 Includes impairment charges of US$2.6 million for the fiscal year ended 31 March 2019

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
At 31 March 2020, the estimated future amortization of intangible assets is as follows:
Years ended 31 March (Millions of US dollars):
 
2021
$
2.6

2022
3.3

2023
4.1

2024
4.4

2025
4.5