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

Leases (Tables)

12 Months Ended

Mar. 31, 2020

The following table represents the Company's ROU assets and lease liabilities at 31 March 2020:



(Millions of US dollars)	31 March 2020
Assets:
Operating leases, net	$	40.5
Finance leases, net	1.7
Total right-of-use assets	$	42.2

Liabilities:
Operating leases:
Current	$	14.3
Non-Current	41.4
Total operating lease liabilities	$	55.7

Finance leases:
Current	$	0.5
Non-Current	1.5
Total finance lease liabilities	$	2.0

Total lease liabilities	$	57.7

Supplemental cash flow and other information related to leases were as follows:



(Millions of US dollars)	31 March 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	18.0
Operating cash flows used for finance leases	0.1
Financing cash flows used for finance leases	0.4
Non-cash ROU assets obtained in exchange for new lease liabilities	12.9

The following represents the Company's lease expense for the fiscal year ended 31 March 2020:



(Millions of US dollars)	Year Ended 31 March 2020
Operating leases	$	18.4
Short-term leases	1.0
Variable leases	0.1
Finance leases	0.3
Interest on lease liabilities	0.1
Total lease expense	$	19.9

At 31 March 2020 the weighted-average remaining lease term of the Company's leases is as follows:

At 31 March 2020 the weighted-average discount rate of the Company's leases is as follows:

The following are future lease payments for non-cancellable leases at 31 March 2020:



Years ended 31 March (Millions of US dollars):	Operating Leases		Finance Leases		Total
2021	$	16.7	$	0.6	$	17.3
2022	13.1		0.5		13.6
2023	9.2		0.5		9.7
2024	6.7		0.3		7.0
2025	4.4		0.2		4.6
Thereafter	8.8		0.1		8.9
Total	$	58.9	$	2.2	$	61.1
Less: imputed interest					3.4
Total lease liabilities					$	57.7

The following are future lease payments for non-cancellable leases at 31 March 2020:



Years ended 31 March (Millions of US dollars):	Operating Leases		Finance Leases		Total
2021	$	16.7	$	0.6	$	17.3
2022	13.1		0.5		13.6
2023	9.2		0.5		9.7
2024	6.7		0.3		7.0
2025	4.4		0.2		4.6
Thereafter	8.8		0.1		8.9
Total	$	58.9	$	2.2	$	61.1
Less: imputed interest					3.4
Total lease liabilities					$	57.7