| Schedule of Changes in Carrying Value of Property, Plant and Equipment |
Following are the changes in the carrying value of property, plant and equipment for fiscal 2024:
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(Dollars in millions) |
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Land |
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Buildings |
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Plant and
machinery |
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Computer
equipment |
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Furniture
and fixtures |
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Vehicles |
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Total |
|
Gross carrying value as of April 1, 2023 |
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|
174 |
|
|
|
1,407 |
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|
625 |
|
|
|
1,037 |
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|
409 |
|
|
|
6 |
|
|
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3,658 |
|
Additions |
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— |
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|
36 |
|
|
|
40 |
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|
112 |
|
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24 |
|
|
|
— |
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|
212 |
|
Deletions* |
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— |
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(7 |
) |
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(19 |
) |
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(102 |
) |
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(20 |
) |
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— |
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(148 |
) |
Translation difference |
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(3 |
) |
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(25 |
) |
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(9 |
) |
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(15 |
) |
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(7 |
) |
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— |
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(59 |
) |
Gross carrying value as of March 31, 2024 |
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|
171 |
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1,411 |
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|
637 |
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1,032 |
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|
406 |
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|
6 |
|
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3,663 |
|
Accumulated depreciation as of April 1, 2023 |
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— |
|
|
|
(552 |
) |
|
|
(468 |
) |
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(709 |
) |
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(300 |
) |
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(5 |
) |
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|
(2,034 |
) |
Depreciation |
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— |
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|
|
(54 |
) |
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|
(56 |
) |
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|
(167 |
) |
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(47 |
) |
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— |
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|
(324 |
) |
Accumulated depreciation on deletions* |
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— |
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7 |
|
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|
18 |
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|
101 |
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19 |
|
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— |
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|
145 |
|
Translation difference |
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— |
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|
|
9 |
|
|
|
8 |
|
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|
10 |
|
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|
6 |
|
|
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— |
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|
33 |
|
Accumulated depreciation as of March 31, 2024 |
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— |
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(590 |
) |
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(498 |
) |
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(765 |
) |
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(322 |
) |
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(5 |
) |
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(2,180 |
) |
Capital work-in-progress as of March 31, 2024 |
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54 |
|
Carrying value as of March 31, 2024 |
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|
171 |
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|
821 |
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|
139 |
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|
267 |
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|
84 |
|
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|
1 |
|
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1,537 |
|
Capital work-in-progress as of April 1, 2023 |
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|
55 |
|
Carrying value as of April 1, 2023 |
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|
174 |
|
|
|
855 |
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|
157 |
|
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|
328 |
|
|
|
109 |
|
|
|
1 |
|
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|
1,679 |
|
* During fiscal 2024, certain assets which were not in use having gross book value of $93 million (net book value: Nil), were retired Following are the changes in the carrying value of property, plant and equipment for fiscal 2023:
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(Dollars in millions) |
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Land |
|
|
Buildings |
|
|
Plant and
machinery |
|
|
Computer
equipment |
|
|
Furniture
and fixtures |
|
|
Vehicles |
|
|
Total |
|
Gross carrying value as of April 1, 2022 |
|
|
188 |
|
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|
1,481 |
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|
653 |
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1,125 |
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|
423 |
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|
6 |
|
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3,876 |
|
Additions - Business Combination (Refer to Note 2.10) |
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— |
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— |
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1 |
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1 |
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— |
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— |
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2 |
|
Additions |
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— |
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|
42 |
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|
57 |
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|
187 |
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|
62 |
|
|
|
— |
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|
348 |
|
Deletions* |
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— |
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|
— |
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(32 |
) |
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(191 |
) |
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(45 |
) |
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— |
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(268 |
) |
Translation difference |
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(14 |
) |
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(116 |
) |
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(54 |
) |
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(85 |
) |
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(31 |
) |
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— |
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|
(300 |
) |
Gross carrying value as of March 31, 2023 |
|
|
174 |
|
|
|
1,407 |
|
|
|
625 |
|
|
|
1,037 |
|
|
|
409 |
|
|
|
6 |
|
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|
3,658 |
|
Accumulated depreciation as of April 1, 2022 |
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|
— |
|
|
|
(541 |
) |
|
|
(484 |
) |
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(796 |
) |
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(324 |
) |
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(5 |
) |
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(2,150 |
) |
Depreciation |
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— |
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|
(54 |
) |
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|
(58 |
) |
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|
(164 |
) |
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(44 |
) |
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— |
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|
(320 |
) |
Accumulated depreciation on deletions* |
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— |
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|
— |
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|
32 |
|
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|
190 |
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|
44 |
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— |
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|
266 |
|
Translation difference |
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— |
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|
43 |
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|
42 |
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|
61 |
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|
24 |
|
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|
— |
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|
170 |
|
Accumulated depreciation as of March 31, 2023 |
|
|
— |
|
|
|
(552 |
) |
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|
(468 |
) |
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|
(709 |
) |
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|
(300 |
) |
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(5 |
) |
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(2,034 |
) |
Capital work-in-progress as of March 31, 2023 |
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|
55 |
|
Carrying value as of March 31, 2023 |
|
|
174 |
|
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|
855 |
|
|
|
157 |
|
|
|
328 |
|
|
|
109 |
|
|
|
1 |
|
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|
1,679 |
|
Capital work-in-progress as of April 1, 2022 |
|
|
|
|
|
|
|
|
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|
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|
|
|
|
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|
67 |
|
Carrying value as of April 1, 2022 |
|
|
188 |
|
|
|
940 |
|
|
|
169 |
|
|
|
329 |
|
|
|
99 |
|
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|
1 |
|
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|
1,793 |
|
* During fiscal 2023, certain assets which were not in use having gross book value of $234 million (net book value: Nil), were retired Following are the changes in the carrying value of property, plant and equipment for fiscal 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
(Dollars in millions) |
|
|
|
Land |
|
|
Buildings |
|
|
Plant and
machinery |
|
|
Computer
equipment |
|
|
Furniture
and fixtures |
|
|
Vehicles |
|
|
Total |
|
Gross carrying value as of April 1, 2021 |
|
|
191 |
|
|
|
1,445 |
|
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|
679 |
|
|
|
1,045 |
|
|
|
416 |
|
|
|
6 |
|
|
|
3,782 |
|
Additions |
|
4 |
|
|
81 |
|
|
47 |
|
|
206 |
|
|
26 |
|
|
|
— |
|
|
364 |
|
Deletions |
|
|
— |
|
|
|
— |
|
|
|
(50 |
) |
|
|
(90 |
) |
|
|
(7 |
) |
|
|
— |
|
|
|
(147 |
) |
Translation difference |
|
|
(7 |
) |
|
|
(45 |
) |
|
|
(23 |
) |
|
|
(36 |
) |
|
|
(12 |
) |
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|
— |
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|
|
(123 |
) |
Gross carrying value as of March 31, 2022 |
|
|
188 |
|
|
|
1,481 |
|
|
|
653 |
|
|
|
1,125 |
|
|
|
423 |
|
|
|
6 |
|
|
|
3,876 |
|
Accumulated depreciation as of April 1, 2021 |
|
|
— |
|
|
|
(503 |
) |
|
|
(492 |
) |
|
|
(771 |
) |
|
|
(294 |
) |
|
|
(4 |
) |
|
|
(2,064 |
) |
Depreciation |
|
|
— |
|
|
|
(56 |
) |
|
|
(57 |
) |
|
|
(141 |
) |
|
|
(45 |
) |
|
|
(1 |
) |
|
|
(300 |
) |
Accumulated depreciation on deletions |
|
|
— |
|
|
|
— |
|
|
47 |
|
|
90 |
|
|
6 |
|
|
|
— |
|
|
|
143 |
|
Translation difference |
|
|
— |
|
|
|
18 |
|
|
|
18 |
|
|
|
26 |
|
|
|
9 |
|
|
|
– |
|
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|
71 |
|
Accumulated depreciation as of March 31, 2022 |
|
|
— |
|
|
|
(541 |
) |
|
|
(484 |
) |
|
|
(796 |
) |
|
|
(324 |
) |
|
|
(5 |
) |
|
|
(2,150 |
) |
Capital work-in-progress as of March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67 |
|
Carrying value as of March 31, 2022 |
|
|
188 |
|
|
|
940 |
|
|
|
169 |
|
|
|
329 |
|
|
|
99 |
|
|
|
1 |
|
|
|
1,793 |
|
Capital work-in-progress as of April 1, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
145 |
|
Carrying value as of April 1, 2021 |
|
|
191 |
|
|
|
942 |
|
|
|
187 |
|
|
|
274 |
|
|
|
122 |
|
|
|
2 |
|
|
|
1,863 |
|
* During fiscal 2022, certain assets which were not in use having gross book value of $43 million (net book value: Nil), were retired
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