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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Mar. 31, 2018
Fair Value Measurement [Abstract]  
Disclosure of fair value measurement of assets
The carrying values and fair values of financial instruments, by class, are as follows at March 31, 2018 and 2017:
 
 
 
 
 
2018
 
 
 
2017
 
Level
Carrying Value
 
 
Fair value

Carrying Value
 
 
Fair value

 
 
 
Total

 
Total

 
Total

 
Total

Financial assets (liabilities) carried at FVTPL(1)
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
Level 1
 
$
611.5

 
$
611.5

 
$
504.7

 
$
504.7

Restricted cash
Level 1
 
31.8

 
31.8

 
26.0

 
26.0

Embedded foreign currency derivatives
Level 2
 
0.9

 
0.9

 
1.8

 
1.8

Equity swap agreements
Level 2
 
1.5

 
1.5

 
3.0

 
3.0

Forward foreign currency contracts
Level 2
 
(2.1
)
 
(2.1
)
 
(2.4
)
 
(2.4
)
Contingent consideration arising on business combinations
Level 3
 
(11.0
)
 
(11.0
)
 
(0.1
)
 
(0.1
)
Derivatives assets (liabilities) designated in a hedge relationship
 
 
 
 
 
 
 
 
Foreign currency swap agreements
Level 2
 
10.6

 
10.6

 
16.4

 
16.4

Forward foreign currency contracts
Level 2
 
(8.7
)
 
(8.7
)
 
0.8

 
0.8

Interest Rate Swap Agreements

Level 2
 
0.1

 
0.1

 
(0.4
)
 
(0.4
)
Financial assets classified as loans and receivables
 
 
 
 
 
 
 
 
 
Accounts receivable(2)
Level 2
 
532.5

 
532.5

 
526.4

 
526.4

Contracts in progress: assets
Level 2
 
401.6

 
401.6

 
337.5

 
337.5

Investment in finance leases
Level 2
 
93.8

 
101.4

 
95.0

 
109.8

Advances to a portfolio investment
Level 2
 
38.1

 
38.4

 
39.7

 
40.6

Other assets(3)
Level 2
 
30.8

 
30.8

 
32.9

 
32.9

Financial assets available-for-sale(4)
Level 3
 
1.5

 
1.5

 
1.4

 
1.4

Financial liabilities carried at amortized cost
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities(5)
Level 2
 
(588.4
)
 
(588.4
)
 
(615.0
)
 
(615.0
)
Total long-term debt(6)
Level 2
 
(1,262.9
)
 
(1,322.8
)
 
(1,258.2
)
 
(1,340.3
)
Other non-current liabilities(7)
Level 2
 
(156.5
)
 
(177.4
)
 
(146.5
)
 
(169.0
)
 
 
 
$
(274.9
)
 
$
(347.8
)
 
$
(437.0
)
 
$
(525.9
)
(1) FVTPL: Fair value through profit and loss.
(2) Includes trade receivables, accrued receivables and certain other receivables.
(3) Includes non-current receivables and certain other non-current assets.
(4) Represent the Company's portfolio investment.
(5) Includes trade accounts payable, accrued liabilities, interest payable, certain payroll-related liabilities and current royalty obligations.
(6) The carrying value excludes transaction costs.
(7) Includes non-current royalty obligations and other non-current liabilities.
Disclosure of fair value measurement of liabilities
The carrying values and fair values of financial instruments, by class, are as follows at March 31, 2018 and 2017:
 
 
 
 
 
2018
 
 
 
2017
 
Level
Carrying Value
 
 
Fair value

Carrying Value
 
 
Fair value

 
 
 
Total

 
Total

 
Total

 
Total

Financial assets (liabilities) carried at FVTPL(1)
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
Level 1
 
$
611.5

 
$
611.5

 
$
504.7

 
$
504.7

Restricted cash
Level 1
 
31.8

 
31.8

 
26.0

 
26.0

Embedded foreign currency derivatives
Level 2
 
0.9

 
0.9

 
1.8

 
1.8

Equity swap agreements
Level 2
 
1.5

 
1.5

 
3.0

 
3.0

Forward foreign currency contracts
Level 2
 
(2.1
)
 
(2.1
)
 
(2.4
)
 
(2.4
)
Contingent consideration arising on business combinations
Level 3
 
(11.0
)
 
(11.0
)
 
(0.1
)
 
(0.1
)
Derivatives assets (liabilities) designated in a hedge relationship
 
 
 
 
 
 
 
 
Foreign currency swap agreements
Level 2
 
10.6

 
10.6

 
16.4

 
16.4

Forward foreign currency contracts
Level 2
 
(8.7
)
 
(8.7
)
 
0.8

 
0.8

Interest Rate Swap Agreements

Level 2
 
0.1

 
0.1

 
(0.4
)
 
(0.4
)
Financial assets classified as loans and receivables
 
 
 
 
 
 
 
 
 
Accounts receivable(2)
Level 2
 
532.5

 
532.5

 
526.4

 
526.4

Contracts in progress: assets
Level 2
 
401.6

 
401.6

 
337.5

 
337.5

Investment in finance leases
Level 2
 
93.8

 
101.4

 
95.0

 
109.8

Advances to a portfolio investment
Level 2
 
38.1

 
38.4

 
39.7

 
40.6

Other assets(3)
Level 2
 
30.8

 
30.8

 
32.9

 
32.9

Financial assets available-for-sale(4)
Level 3
 
1.5

 
1.5

 
1.4

 
1.4

Financial liabilities carried at amortized cost
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities(5)
Level 2
 
(588.4
)
 
(588.4
)
 
(615.0
)
 
(615.0
)
Total long-term debt(6)
Level 2
 
(1,262.9
)
 
(1,322.8
)
 
(1,258.2
)
 
(1,340.3
)
Other non-current liabilities(7)
Level 2
 
(156.5
)
 
(177.4
)
 
(146.5
)
 
(169.0
)
 
 
 
$
(274.9
)
 
$
(347.8
)
 
$
(437.0
)
 
$
(525.9
)
(1) FVTPL: Fair value through profit and loss.
(2) Includes trade receivables, accrued receivables and certain other receivables.
(3) Includes non-current receivables and certain other non-current assets.
(4) Represent the Company's portfolio investment.
(5) Includes trade accounts payable, accrued liabilities, interest payable, certain payroll-related liabilities and current royalty obligations.
(6) The carrying value excludes transaction costs.
(7) Includes non-current royalty obligations and other non-current liabilities.
Disclosure of changes in level 3 financial instruments
Change in level 3 financial instruments are as follows:
 
 
 
 
2018
Balance, beginning of year
 
 
 
$
1.3

Total realized and unrealized (losses) gain:
 
 
 
 
Included in income
 
 
 
(0.3
)
Included in other comprehensive income
 
 
 
0.1

Issued and settled
 
 
 
(10.6
)
Balance, end of year
 
 
 
$
(9.5
)