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Debt (Tables) | 9 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Debt, Excluding Film Obligations and Production Loans | Total debt of the Company, excluding film obligations and production loans, was as follows as of December 31, 2016 and March 31, 2016:
| December 31, 2016 |  | March 31, 2016
| (Amounts in millions)
Corporate debt: |  |  |
Revolving credit facilities | $ | — |  |  | $ | 161 |
Term Loan A | 1,000 |  |  | — |
Term Loan B | 2,000 |  |  | — |
5.875% Senior Notes | 520 |  |  | — |
5.25% Senior Notes | — |  |  | 225 |
Term Loan Due 2022 | — |  |  | 400 |
Total corporate debt | 3,520 |  |  | 786 |
Convertible senior subordinated notes | 102 |  |  | 102 |
Capital lease obligations | 59 |  |  | — |
Total debt | 3,681 |  |  | 888 |
Unamortized discount and debt issuance costs, net of fair value adjustment on capital lease obligations | (106 | ) |  | (23 | )
Total debt, net | 3,575 |  |  | 865 |
Less current portion | (118 | ) |  | (40 | )
Non-current portion of debt | $ | 3,457 |  |  | $ | 825 |
Future Annual Contractual Principal Payment Commitments of Debt | The following table sets forth future annual contractual principal payment commitments of debt as of December 31, 2016:
|  | Maturity Date |  | Year Ended March 31,
Debt Type |  |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Thereafter |  | Total
|  |  |  | (Amounts in millions)
Revolving credit facility |  | December 2021 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Term Loan A |  | December 2021 |  | 13 |  |  | 50 |  |  | 55 |  |  | 77 |  |  | 100 |  |  | 705 |  |  | 1,000 |
Term Loan B |  | December 2023 |  | 5 |  |  | 20 |  |  | 20 |  |  | 20 |  |  | 20 |  |  | 1,915 |  |  | 2,000 |
5.875% Senior Notes |  | November 2024 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 520 |  |  | 520 |
Capital lease obligations |  | Various |  | 1 |  |  | 6 |  |  | 6 |  |  | 4 |  |  | 3 |  |  | 39 |  |  | 59 |
Principal amounts of convertible senior subordinated notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
January 2012 4.00% Notes |  | January 2017 |  | 42 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 42 |
April 2013 1.25% Notes |  | April 2018 |  | — |  |  | — |  |  | 60 |  |  | — |  |  | — |  |  | — |  |  | 60 |
|  |  |  | $ | 61 |  |  | $ | 76 |  |  | $ | 141 |  |  | $ | 101 |  |  | $ | 123 |  |  | $ | 3,179 |  |  | 3,681 |
Less aggregate unamortized discount & debt issuance costs, net of fair value adjustment on capital lease obligations |  |  |  |  |  |  |  |  |  |  |  |  |  | (106 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,575 |
Convertible Senior Subordinated Notes Outstanding and Certain Key Terms | The following table sets forth the convertible senior subordinated notes outstanding and certain key terms of these notes at December 31, 2016 and March 31, 2016:
|  | Maturity Date |  | Conversion Price Per Share at December 31, 2016 |  | December 31, 2016 |  | March 31, 2016
Convertible Senior Subordinated Notes |  |  |  | Principal |  | Unamortized Discount & Debt Issuance Costs |  | Net Carrying Amount |  | Principal |  | Unamortized Discount & Debt Issuance Costs |  | Net Carrying Amount
|  |  |  |  |  | (Amounts in millions)
January 2012 4.00% Notes |  | January 11, 2017 |  | $10.21 |  | $ | 42 |  |  | $ | — |  |  | $ | 42 |  |  | $ | 42 |  |  | $ | (2 | ) |  | $ | 40 |
April 2013 1.25% Notes |  | April 15, 2018 |  | $29.19 |  | 60 |  |  | — |  |  | 60 |  |  | 60 |  |  | — |  |  | 60 |
|  |  |  |  |  | $ | 102 |  |  | $ | — |  |  | $ | 102 |  |  | $ | 102 |  |  | $ | (2 | ) |  | $ | 100 |
Conversions of Convertible Senior Subordinated Notes | The following conversions were completed with respect to the Company's convertible senior subordinated notes in the nine months ended December 31, 2015 (none in the nine months ended December 31, 2016). In January 2017, the outstanding principal amount of the January 2012 4.00% Notes was converted; see Subsequent Events Note 20 for further details.
| Nine Months Ended
| December 31,
| 2015
| (Amounts in millions)
April 2009 3.625% Notes |
Principal amount converted | $ | 16 |
Common shares issued upon conversion | 2 |
Weighted average conversion price per share | $ | 8.15 |
Summary of Loss on Extinguishment of Debt | The following table summarizes the loss on extinguishment of debt recorded in the three and nine months ended December 31, 2016:
| (in millions)
Loss on Extinguishment of Debt |
Senior revolving credit facility | $ | 1 |
Term Loan Due 2022 & 5.25% Senior Notes | 24 |
Starz credit facility & Starz Senior Notes | 3 |
| $ | 28 |
Revolving Credit Facility |
Debt Instrument [Line Items] |
Costs Associated with Issuance and Contemporaneous Redemption of Debt | The table below sets forth the applicable costs associated with the issuance and repayment of the senior revolving credit facility:
| Total |  | Amortize Over Life of New Revolving Credit Facility |  | Loss on Extinguishment of Debt
| (Amounts in millions)
Previously incurred unamortized debt issuance costs of senior revolving credit facility | $ | 3 |  |  | $ | 2 |  |  | $ | 1 |
New costs incurred to issue the new revolving credit facility | 20 |  |  | 20 |  |  | — |
Total | $ | 23 |  |  | $ | 22 |  |  | $ | 1 |
Senior Secured Second-Priority Notes | Term Loan Due 2022 & 5.25% Senior Notes |
Debt Instrument [Line Items] |
Costs Associated with Issuance and Contemporaneous Redemption of Debt | The table below sets forth the applicable costs associated with the issuance of the Term Loan A, the Term Loan B, and the 5.875% Senior Notes and the redemption of the Term Loan Due 2022 and the 5.25% Senior Notes, respectively (as discussed above), and the applicable accounting for such:
| Total |  | Amortize Over Life of 5.875% Senior Notes, Term Loan A and Term Loan B |  | Loss on Extinguishment of Debt
| (Amounts in millions)
Early redemption/ call premium on 5.25% Senior Notes and Term Loan Due 2022 and other fees paid to creditors | $ | 23 |  |  | $ | 11 |  |  | $ | 12 |
Previously incurred unamortized net discount/premium and debt issuance costs of 5.25% Senior Notes and Term Loan Due 2022 | 13 |  |  | 9 |  |  | 4 |
| 36 |  |  | 20 |  |  | 16 |
New costs incurred to issue the 5.875% Senior Notes, Term Loan A and Term Loan B | 92 |  |  | 84 |  |  | 8 |
Total | $ | 128 |  |  | $ | 104 |  |  | $ | 24 |

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