EMPLOYEE COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2018

The total employee compensation expense recognized in the determination of net income is as follows:



(amounts in millions)	2018		2017
Salaries and other short-term employee benefits	$	908.2	$	838.4
Share-based payments, net of equity swap (Note 23)	46.9		40.4
Post-employment benefits – defined benefit plans (Note 14)	31.1		30.8
Post-employment benefits – defined contribution plans	12.8		12.4
Termination benefits	5.6		11.2
Total employee compensation expense⁽¹⁾	$	1,004.6	$	933.2

⁽¹⁾Certain members of key management may have employment agreements with clauses for payment in case of termination without cause and payment in case of termination of employment following a change in control. All such employment agreements are for an indeterminate term.