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

Product Warranties

v3.8.0.1
Product Warranties
 12 Months Ended
Mar. 31, 2018
Guarantees [Abstract]  
Product Warranties
Product Warranties
The Company offers various warranties on its products, including a 30-year limited warranty on certain fiber cement siding products in the United States. A typical warranty program requires the Company to replace defective products within a specified time period from the date of sale. It is possible that future warranty costs could differ from those estimates.
The following are the changes in the product warranty provision:
 
31 March
(Millions of US dollars)
2018
 
2017
 
2016
Balance at beginning of period
$
46.6

 
$
45.3

 
$
35.2

Accruals for product warranties
13.1

 
17.0

 
28.0

Settlements made in cash or in kind
(6.9
)
 
(15.7
)
 
(17.9
)
Balance at end of period
$
52.8

 
$
46.6

 
$
45.3