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

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

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2014

Schedule of Total Outstanding Notional Amount and Fair Value of Company's Derivative Instruments

The following table sets forth the total outstanding notional amount and the fair value of the Company’s derivative instruments held at 31 March 2014 and 2013.


					Fair Value as of
(Millions of US dollars)	Notional Amount				31 March 2014				31 March 2013
	31 March 2014		31 March 2013		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Foreign currency forward contracts	$	9.7	$	-	$	0.5	$	-	$	-	$	-
Derivatives not accounted for as hedges
Foreign currency forward contracts		124.0		-		1.8		-		-		-
Interest rate swap contracts		125.0		25.0		-		0.5		-		1.3

Total	$	258.7	$	25.0	$	2.3	$	0.5	$	-	$	1.3

Summary of Company's Financial Assets and Liabilities that were Accounted for at Fair Value on Recurring Basis

The following table sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at 31 March 2014 according to the valuation techniques the Company used to determine their fair values.


(Millions of US dollars)	Fair Value at 31 March 2014		Fair Value Measurements Using Inputs Considered as
(Millions of US dollars)	Fair Value at 31 March 2014		Level 1		Level 2		Level 3

Assets
Cash and cash equivalents	$	167.5	$	167.5	$	-	$	-
Restricted cash and cash equivalents		65.2		65.2		-		-
Restricted short-term investments		0.1		-		0.1		-
Forward contracts included in
Other Assets		2.3		-		2.3		-

Total Assets	$	235.1	$	232.7	$	2.4	$	-

Interest rate swap contracts included in Accounts Payable		0.5	$	-	$	0.5	$	-

Total Liabilities	$	0.5	$	-	$	0.5	$	-