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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Mar. 31, 2020
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:
 
 
 
 
 
2020
 
 
 
2019
 
Level
Carrying Value
 
Fair value
 
Carrying Value
 
Fair value
 
 
 
 
Total

 
Total

 
Total

 
Total

Financial assets (liabilities) measured at FVTPL
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
Level 1
$
946.5

$
946.5

$
446.1

$
446.1

Restricted cash
Level 1
 
12.4

 
12.4

 
27.3

 
27.3

Embedded foreign currency derivatives
Level 2
 
—

 
—

 
0.1

 
0.1

Equity swap agreements
Level 2
 
(55.5
)
 
(55.5
)
 
10.4

 
10.4

Forward foreign currency contracts
Level 2
 
(7.2
)
 
(7.2
)
 
(2.5
)
 
(2.5
)
Contingent consideration arising on business combinations
Level 3
 
—

 
—

 
(11.9
)
 
(11.9
)
Derivatives assets (liabilities) designated in a hedge relationship
 
 
 
 
 
 
 
 
Foreign currency swap agreements
Level 2
 
(0.3
)
 
(0.3
)
 
11.1

 
11.1

Forward foreign currency contracts
Level 2
 
(31.6
)
 
(31.6
)
 
(6.5
)
 
(6.5
)
Financial assets (liabilities) measured at amortized cost
 
 
 
 
 
 
 
 
 
Accounts receivable(1)
Level 2
 
514.5

 
514.5

 
440.3

 
440.3

Investment in finance leases
Level 2
 
155.0

 
183.2

 
102.9

 
114.5

Advances to a portfolio investment
Level 2
 
29.7

 
29.7

 
29.5

 
29.5

Other assets(2)
Level 2
 
22.1

 
20.5

 
25.7

 
25.7

Accounts payable and accrued liabilities(3)
Level 2
 
(709.1
)
 
(709.1
)
 
(770.8
)
 
(770.8
)
Total long-term debt(4)
Level 2
 
(2,830.6
)
 
(2,960.4
)
 
(2,335.4
)
 
(2,470.7
)
Other non-current liabilities(5)
Level 2
 
(182.0
)
 
(167.9
)
 
(164.0
)
 
(184.6
)
Financial assets measured at FVOCI
 
 
 
 
 
 
 
 
 
Equity investments
Level 3
 
3.3

 
3.3

 
3.3

 
3.3

 
 
$
(2,132.8
)
$
(2,221.9
)
$
(2,194.4
)
$
(2,338.7
)
(1) Includes trade receivables and certain other receivables.
(2) Includes non-current receivables and certain other non-current assets.
(3) Includes trade accounts payable, accrued liabilities, interest payable, certain payroll-related liabilities and current royalty obligations.
(4) The carrying value excludes transaction costs.
(5) 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:
 
 
 
 
 
2020
 
 
 
2019
 
Level
Carrying Value
 
Fair value
 
Carrying Value
 
Fair value
 
 
 
 
Total

 
Total

 
Total

 
Total

Financial assets (liabilities) measured at FVTPL
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
Level 1
$
946.5

$
946.5

$
446.1

$
446.1

Restricted cash
Level 1
 
12.4

 
12.4

 
27.3

 
27.3

Embedded foreign currency derivatives
Level 2
 
—

 
—

 
0.1

 
0.1

Equity swap agreements
Level 2
 
(55.5
)
 
(55.5
)
 
10.4

 
10.4

Forward foreign currency contracts
Level 2
 
(7.2
)
 
(7.2
)
 
(2.5
)
 
(2.5
)
Contingent consideration arising on business combinations
Level 3
 
—

 
—

 
(11.9
)
 
(11.9
)
Derivatives assets (liabilities) designated in a hedge relationship
 
 
 
 
 
 
 
 
Foreign currency swap agreements
Level 2
 
(0.3
)
 
(0.3
)
 
11.1

 
11.1

Forward foreign currency contracts
Level 2
 
(31.6
)
 
(31.6
)
 
(6.5
)
 
(6.5
)
Financial assets (liabilities) measured at amortized cost
 
 
 
 
 
 
 
 
 
Accounts receivable(1)
Level 2
 
514.5

 
514.5

 
440.3

 
440.3

Investment in finance leases
Level 2
 
155.0

 
183.2

 
102.9

 
114.5

Advances to a portfolio investment
Level 2
 
29.7

 
29.7

 
29.5

 
29.5

Other assets(2)
Level 2
 
22.1

 
20.5

 
25.7

 
25.7

Accounts payable and accrued liabilities(3)
Level 2
 
(709.1
)
 
(709.1
)
 
(770.8
)
 
(770.8
)
Total long-term debt(4)
Level 2
 
(2,830.6
)
 
(2,960.4
)
 
(2,335.4
)
 
(2,470.7
)
Other non-current liabilities(5)
Level 2
 
(182.0
)
 
(167.9
)
 
(164.0
)
 
(184.6
)
Financial assets measured at FVOCI
 
 
 
 
 
 
 
 
 
Equity investments
Level 3
 
3.3

 
3.3

 
3.3

 
3.3

 
 
$
(2,132.8
)
$
(2,221.9
)
$
(2,194.4
)
$
(2,338.7
)
(1) Includes trade receivables and certain other receivables.
(2) Includes non-current receivables and certain other non-current assets.
(3) Includes trade accounts payable, accrued liabilities, interest payable, certain payroll-related liabilities and current royalty obligations.
(4) The carrying value excludes transaction costs.
(5) Includes non-current royalty obligations and other non-current liabilities.
Disclosure of changes in level 3 financial instruments
Changes in level 3 financial instruments are as follows:
Balance as at March 31, 2019
 
 
$
(8.6
)
Total realized and unrealized gains included in income
 
 
11.9

Balance as at March 31, 2020
 
 
$
3.3