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FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Mar. 31, 2024

Disclosure of notes and other explanatory information [Abstract]

Credit risk and credit loss allowances for accounts receivable and contract assets by segment

Exposure to credit risk and credit loss allowances for accounts receivable and contract assets by segment are as follows:

As at March 31, 2024						Civil Aviation						Defense and Security												Amounts not allocated to a segment						Total
Gross accounts receivable			$			347.1						258.2									$			40.1			$			645.4
Gross contract assets						177.3						401.9												—						579.2
Total			$			524.4			$			660.1									$			40.1			$			1,224.6
Credit loss allowances			$			(19.9)			$			(1.0)									$			—			$			(20.9)
As a %						3.8		%				0.2		%										—		%				1.7		%

As at March 31, 2023						Civil Aviation						Defense and Security												Amounts not allocated to a segment						Total
Gross accounts receivable			$			354.1			$			198.1									$			89.0			$			641.2
Gross contract assets						160.6						571.6												3.5						735.7
Total			$			514.7			$			769.7									$			92.5			$			1,376.9
Credit loss allowances			$			(23.1)			$			(1.0)									$			(1.4)			$			(25.5)
As a %						4.5		%				0.1		%										1.5		%				1.9		%

Disclosure of how entity manages liquidity risk

The following tables present a maturity analysis based on the contractual maturity date of the Company’s financial liabilities based on expected cash flows. Cash flows from derivatives presented either as derivative assets or liabilities have been included, as the Company manages its derivative contracts on a gross basis. The amounts are the contractual undiscounted cash flows. All amounts contractually denominated in foreign currency are presented in Canadian dollar equivalent amounts using the period-end spot rate except as otherwise stated:

																					Between						Between						Between						Between
			Carrying						Contractual						Less than									1 and						2 and						3 and						4 and			More than
As at March 31, 2024			amount						cash flows									1 year						2 years						3 years						4 years						5 years						5 years
Non-derivative financial liabilities
Accounts payable and accrued liabilities (1)			$			775.8			$			775.8			$			775.8			$			—			$			—			$			—			$			—			$			—
Total long-term debt (2)
Long-term debt (other than lease liabilities)						2,522.4						2,522.4						253.7						265.0						174.1						164.1						644.1						1,021.4
Interest and accretion						—						743.2						94.1						78.7						70.5						66.2						44.3						389.4
Lease liabilities						551.9						922.0						88.2						75.9						72.1						62.5						53.0						570.3
Other non-current liabilities (3)						87.1						164.7						—						24.8						22.7						28.5						21.9						66.8
			$			3,937.2			$			5,128.1			$			1,211.8			$			444.4			$			339.4			$			321.3			$			763.3			$			2,047.9
Net derivative financial liabilities (assets)
Forward foreign currency contracts (4)			$			9.3
Outflow									$			2,916.5			$			2,522.6			$			302.0			$			69.3			$			20.4			$			2.2			$			—
Inflow												(2,905.7)						(2,514.3)						(299.2)						(68.7)						(21.1)						(2.4)						—
Foreign currency and
interest rate swap agreements						(4.8)						3.9						(2.6)						(0.4)						0.3						0.6						6.0						—
Equity swap agreements						15.8						15.8						15.8						—						—						—						—						—
			$			20.3			$			30.5			$			21.5			$			2.4			$			0.9			$			(0.1)			$			5.8			$			—
			$			3,957.5			$			5,158.6			$			1,233.3			$			446.8			$			340.3			$			321.2			$			769.1			$			2,047.9

																					Between						Between						Between						Between
						Carrying			Contractual						Less than									1 and						2 and						3 and						4 and			More than
As at March 31, 2023						amount			cash flows									1 year						2 years						3 years						4 years						5 years						5 years
Non-derivative financial liabilities
Accounts payable and accrued liabilities (1)			$			799.3			$			799.3			$			799.3			$			—			$			—			$			—			$			—			$			—
Total long-term debt (2)
Long-term debt (other than lease liabilities)						2,794.2						2,794.2						133.4						486.7						264.2						171.5						562.7						1,175.7
Interest and accretion						—						734.5						120.2						93.8						73.9						67.5						53.9						325.2
Lease liabilities						455.9						724.6						104.5						62.7						55.9						51.5						47.6						402.4
Other non-current liabilities (3)						137.6						277.7						—						28.5						27.6						26.0						33.2						162.4
			$			4,187.0			$			5,330.3			$			1,157.4			$			671.7			$			421.6			$			316.5			$			697.4			$			2,065.7
Net derivative financial liabilities (assets)
Forward foreign  currency contracts (4)			$			25.8
Outflow									$			2,119.4			$			1,852.8			$			186.3			$			66.5			$			13.8			$			—			$			—
Inflow												(2,092.2)						(1,832.5)						(182.2)						(64.1)						(13.4)						—						—
Foreign currency and
interest rate swap agreements						(10.5)						(11.3)						(6.5)						(3.2)						(1.1)						(0.4)						(0.1)						—
Equity swap agreements						11.8						11.8						11.8						—						—						—						—						—
			$			27.1			$			27.7			$			25.6			$			0.9			$			1.3			$			—			$			(0.1)			$			—
			$			4,214.1			$			5,358.0			$			1,183.0			$			672.6			$			422.9			$			316.5			$			697.3			$			2,065.7

(1) Includes trade accounts payable, accrued liabilities, interest payable, current portion of royalty obligations and certain payroll-related liabilities.

(2) Contractual cash flows include contractual interest and principal payments related to debt obligations. Contractual interests on debt obligations with variable interest rate are presented using the period-end rate.

(3) Includes non-current royalty obligations and other non-current liabilities.

(4) Outflows and inflows are presented in Canadian dollar equivalent using the contractual forward foreign currency rate.

Disclosure of foreign currency risks

The forward foreign currency contracts outstanding are as follows:

(amounts in millions, except average rate)												2024												2023
						Notional						Average						Notional						Average
Currencies (sold/bought)						amount			(1)			rate						amount			(1)			rate
USD/CDN
Less than 1 year			$			1,280.2						0.74			$			864.6						0.74
Between 1 and 3 years						268.9						0.75						179.1						0.76
Between 3 and 5 years						2.6						0.75						12.8						0.77
EUR/CDN
Less than 1 year						340.1						0.68						249.5						0.68
Between 1 and 3 years						71.0						0.67						61.8						0.71
Between 3 and 5 years						19.4						0.65						1.0						0.70
GBP/CDN
Less than 1 year						53.9						0.59						73.4						0.62
Between 1 and 3 years						5.4						0.59						1.2						0.61
CDN/USD
Less than 1 year						467.9						1.35						323.4						1.35
Between 1 and 3 years						22.5						1.34						10.7						1.31
Other currencies
Less than 1 year						381.2						n.a.						341.9						n.a.
Between 1 and 3 years						3.4						n.a.						—						n.a.
Total			$			2,916.5									$			2,119.4

(1) Exchange rates as at the end of the respective periods were used to translate amounts in foreign currencies.

Sensitivity analysis for types of market risk

The following table presents the Company’s exposure to foreign currency risk of financial instruments and the pre-tax effects on net income and OCI as a result of a reasonably possible strengthening of 5% in the relevant foreign currency against the Canadian dollar as at March 31. This analysis assumes all other variables remain constant.

			USD												€												GBP
			Net income									OCI			Net income									OCI			Net income									OCI
2024						$	0.6					$	(15.7)					$	(1.3)					$	(1.9)					$	—					$	(0.2)
2023						0.5						(10.9)						0.6						(5.0)						0.2						(0.1)

Disclosure of letters of credit and guarantees

						2024						2023
Advance payments			$			63.6			$			50.8
Contract performance						100.2						106.7
Lease obligations						19.8						21.4
Financial obligations						58.9						59.7
Other						2.0						3.9
			$			244.5			$			242.5

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