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)

Inventories

Inventories

12 Months Ended

Mar. 31, 2015

Inventory Disclosure [Abstract]

Inventories

6. Inventories

Inventories consist of the following components:


	31 March
(Millions of US dollars)	2015		2014

Finished goods	$	150.6	$	132.7
Work-in-process		6.6		6.1
Raw materials and supplies		67.5		55.0
Provision for obsolete finished goods and raw materials		(6.7)		(7.3)

Total inventories	$	218.0	$	186.5

As of 31 March 2015 and 2014, US$22.2 million and US$18.3 million, respectively, of the Company’s finished goods inventory balance was held at third-party vendor managed inventory locations.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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