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

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Property, Plant and Equipment Estimated Useful Lives

Depreciation of property, plant and equipment is computed using the straight-line method over the following estimated useful lives:

 

      Years      

 Buildings

      10 to 40      

 Buildings Improvements

      3 to 25      

 Leasehold Improvements

      5 to 40      

 Machinery and Equipment

      1 to 30      

Basic and Dilutive Common Shares Outstanding Used in Determining Net Income Per Share

Basic and dilutive common shares outstanding used in determining net income per share are as follows:

 

     Years Ended 31 March  
 (Millions of shares)    2017      2016      2015  

 Basic common shares outstanding

      442.7          445.3          445.0    

 Dilutive effect of stock awards

      1.2          1.9          1.4    
  

 

 

     

 

 

     

 

 

  

 Diluted common shares outstanding

            443.9                447.2                446.4    
  

 

 

     

 

 

     

 

 

  
 (US dollars)    2017      2016      2015  

 Net income per share - basic

      0.62          0.55          0.65    

 Net income per share - diluted

      0.62          0.55          0.65