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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Mar. 31, 2022
Fair Value Measurement [Abstract] |
Disclosure of fair value measurement of assets | The carrying values and fair values of financial instruments, by category, are as follows:
|  |  |  |  | 2022 |  |  |  | 2021
| 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 | $ | 346.1 |  | $ | 346.1 |  | $ | 926.1 |  | $ | 926.1 |
Restricted cash | Level 1 |  | 1.9 |  |  | 1.9 |  |  | 11.4 |  |  | 11.4 |
Restricted funds for subscription receipts deposit | Level 2 |  | — |  |  | — |  |  | 700.1 |  |  | 700.1 |
Equity swap agreements | Level 2 |  | (13.0) |  |  | (13.0) |  |  | (0.6) |  |  | (0.6) |
Forward foreign currency contracts | Level 2 |  | 7.0 |  |  | 7.0 |  |  | 7.5 |  |  | 7.5 |
Contingent consideration arising on business combinations | Level 3 |  | (3.7) |  |  | (3.7) |  |  | (11.2) |  |  | (11.2) |
Derivatives assets (liabilities) designated in a hedge relationship |  |  |  |  |  |  |  |
Foreign currency and interest rate swap agreements | Level 2 |  | 8.2 |  |  | 8.2 |  |  | 5.1 |  |  | 5.1 |
Forward foreign currency contracts | Level 2 |  | 8.3 |  |  | 8.3 |  |  | 16.5 |  |  | 16.5 |
Financial assets (liabilities) measured at amortized cost |  |  |  |  |  |  |  |  |
Accounts receivable(1) | Level 2 |  | 501.7 |  |  | 501.7 |  |  | 478.7 |  |  | 478.7 |
Investment in finance leases | Level 2 |  | 118.7 |  |  | 124.4 |  |  | 128.5 |  |  | 141.0 |
Advances to a portfolio investment | Level 2 |  | 10.5 |  |  | 10.5 |  |  | 11.1 |  |  | 11.1 |
Other assets(2) | Level 2 |  | 25.0 |  |  | 25.0 |  |  | 28.6 |  |  | 29.0 |
Accounts payable and accrued liabilities(3) | Level 2 |  | (696.6) |  |  | (696.6) |  |  | (674.9) |  |  | (674.9) |
Liabilities for subscription receipts | Level 2 |  | — |  |  | — |  |  | (714.1) |  |  | (714.1) |
Total long-term debt(4) | Level 2 |  | (2,658.8) |  |  | (2,765.4) |  |  | (2,010.9) |  |  | (2,216.3) |
Other non-current liabilities(5) | Level 2 |  | (151.8) |  |  | (164.5) |  |  | (174.2) |  |  | (187.4) |
Financial assets measured at FVOCI |  |  |  |  |  |  |  |  |
Equity investments | Level 3 |  | 1.4 |  |  | 1.4 |  |  | 1.5 |  |  | 1.5 |
|  | $ | (2,495.1) |  | $ | (2,608.7) |  | $ | (1,270.8) |  | $ | (1,476.5) |
(1) Includes trade receivables, accrued 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 and current royalty obligations. (4) Excludes lease liabilities. The carrying value of long-term debt 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 category, are as follows:
|  |  |  |  | 2022 |  |  |  | 2021
| 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 | $ | 346.1 |  | $ | 346.1 |  | $ | 926.1 |  | $ | 926.1 |
Restricted cash | Level 1 |  | 1.9 |  |  | 1.9 |  |  | 11.4 |  |  | 11.4 |
Restricted funds for subscription receipts deposit | Level 2 |  | — |  |  | — |  |  | 700.1 |  |  | 700.1 |
Equity swap agreements | Level 2 |  | (13.0) |  |  | (13.0) |  |  | (0.6) |  |  | (0.6) |
Forward foreign currency contracts | Level 2 |  | 7.0 |  |  | 7.0 |  |  | 7.5 |  |  | 7.5 |
Contingent consideration arising on business combinations | Level 3 |  | (3.7) |  |  | (3.7) |  |  | (11.2) |  |  | (11.2) |
Derivatives assets (liabilities) designated in a hedge relationship |  |  |  |  |  |  |  |
Foreign currency and interest rate swap agreements | Level 2 |  | 8.2 |  |  | 8.2 |  |  | 5.1 |  |  | 5.1 |
Forward foreign currency contracts | Level 2 |  | 8.3 |  |  | 8.3 |  |  | 16.5 |  |  | 16.5 |
Financial assets (liabilities) measured at amortized cost |  |  |  |  |  |  |  |  |
Accounts receivable(1) | Level 2 |  | 501.7 |  |  | 501.7 |  |  | 478.7 |  |  | 478.7 |
Investment in finance leases | Level 2 |  | 118.7 |  |  | 124.4 |  |  | 128.5 |  |  | 141.0 |
Advances to a portfolio investment | Level 2 |  | 10.5 |  |  | 10.5 |  |  | 11.1 |  |  | 11.1 |
Other assets(2) | Level 2 |  | 25.0 |  |  | 25.0 |  |  | 28.6 |  |  | 29.0 |
Accounts payable and accrued liabilities(3) | Level 2 |  | (696.6) |  |  | (696.6) |  |  | (674.9) |  |  | (674.9) |
Liabilities for subscription receipts | Level 2 |  | — |  |  | — |  |  | (714.1) |  |  | (714.1) |
Total long-term debt(4) | Level 2 |  | (2,658.8) |  |  | (2,765.4) |  |  | (2,010.9) |  |  | (2,216.3) |
Other non-current liabilities(5) | Level 2 |  | (151.8) |  |  | (164.5) |  |  | (174.2) |  |  | (187.4) |
Financial assets measured at FVOCI |  |  |  |  |  |  |  |  |
Equity investments | Level 3 |  | 1.4 |  |  | 1.4 |  |  | 1.5 |  |  | 1.5 |
|  | $ | (2,495.1) |  | $ | (2,608.7) |  | $ | (1,270.8) |  | $ | (1,476.5) |
(1) Includes trade receivables, accrued 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 and current royalty obligations. (4) Excludes lease liabilities. The carrying value of long-term debt 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:
|  | Contingent |  |  |  |
|  | consideration |  |  |  |
|  | arising on |  |  |  |
|  | business |  | Equity |  |
|  | combinations |  | investments |  | Total
Balances as at March 31, 2021 | $ | (11.2) |  | $ | 1.5 |  | $ | (9.7) |
Additions – business combinations (Note 3) |  | (4.0) |  |  | — |  |  | (4.0) |
Total realized and unrealized gains (losses) included in other comprehensive income |  | 0.1 |  |  | $ | (0.1) |  |  | — |
Total realized and unrealized gains included in income |  | 11.4 |  |  | — |  |  | 11.4 |
Balances as at March 31, 2022 | $ | (3.7) |  | $ | 1.4 |  | $ | (2.3) |

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