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

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Cash Flows From Operating Activities      
Net income $ 99.5 $ 45.5 $ 604.3
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortisation 61.4 61.2 65.2
Deferred income taxes (70.7) (52.8) 11.3
Stock-based compensation 8.5 7.0 7.8
Asbestos adjustments 195.8 117.1 15.8
Asset impairments   16.9 14.3
Tax benefit from stock options exercised (5.6) (3.5)  
Changes in operating assets and liabilities:      
Restricted cash and cash equivalents 99.9 224.7 (59.1)
Restricted short-term investments 6.3 (0.1) (0.1)
Payment to AICF   (184.1) (51.5)
Accounts and other receivables 4.9 (10.6) 2.2
Inventories (22.1) 8.0 (26.7)
Prepaid expenses and other assets 3.5 8.8 19.2
Insurance receivable - Asbestos 25.7 36.8 25.0
Accounts payable and accrued liabilities 48.5 (40.4) 87.4
Asbestos liability (133.6) (127.6) (106.3)
Australian Taxation Office - amended assessment     (197.4)
Other accrued liabilities 0.8 2.4 (24.2)
Net cash provided by operating activities 322.8 109.3 387.2
Cash Flows From Investing Activities      
Purchases of property, plant and equipment (115.4) (61.1) (35.8)
Proceeds from sale of property, plant and equipment 0.7 1.4 0.3
Acquisition of business (4.1)   (14.4)
Net cash used in investing activities (118.8) (59.7) (49.9)
Cash Flows From Financing Activities      
Proceeds from long-term borrowings   330.0 160.0
Repayments of long-term borrowings   (330.0) (219.0)
Proceeds from issuance of shares 29.3 26.3 11.0
Tax benefit from stock options exercised 5.6 3.5  
Common stock repurchased and retired (22.1)   (19.0)
Dividends paid (199.1) (188.5) (17.4)
Net cash used in financing activities (186.3) (158.7) (84.4)
Effects of exchange rate changes on cash (3.9) (2.6) (6.1)
Net increase (decrease) in cash and cash equivalents 13.8 (111.7) 246.8
Cash and cash equivalents at beginning of period 153.7 265.4 18.6
Cash and cash equivalents at end of period 167.5 153.7 265.4
Components of Cash and Cash Equivalents      
Cash at bank and on hand 70.9 55.5 256.1
Short-term deposits 96.6 98.2 9.3
Cash and cash equivalents at end of period 167.5 153.7 265.4
Supplemental Disclosure of Cash Flow Activities      
Cash paid during the year for interest, net of amounts capitalised   0.1 11.2
Cash paid during the year for income taxes, net $ 11.6 $ 83.3 $ 29.5