EMPLOYEE COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2019

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



(amounts in millions)		2019		2018
Salaries and other short-term employee benefits	$	1,071.2	$	908.2
Share-based payments, net of equity swap (Note 23)		46.7		46.9
Post-employment benefits – defined benefit plans (Note 14)		38.4		31.1
Post-employment benefits – defined contribution plans		17.2		12.8
Termination benefits		4.3		5.6
Total employee compensation expense⁽¹⁾	$	1,177.8	$	1,004.6

⁽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.