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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Required to Be Carried At Fair Value on a Recurring Basis
The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of March 31, 2019 and 2018:
 
March 31, 2019
 
March 31, 2018
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Assets:
(Amounts in millions)
Available-for-sale equity securities (see Note 5)
$
1.2

 
$

 
$
1.2

 
$
7.3

 
$

 
$
7.3

Forward exchange contracts (see Note 18)

 
1.5

 
1.5

 

 
0.3

 
0.3

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Forward exchange contracts (see Note 18)

 
(0.6
)
 
(0.6
)
 

 
(0.6
)
 
(0.6
)
Interest rate swaps (see Note 18)

 
(63.6
)
 
(63.6
)
 

 

 

 
$
1.2

 
$
(62.7
)
 
$
(61.5
)
 
$
7.3

 
$
(0.3
)
 
$
7.0



Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis
The following table sets forth the carrying values and fair values of the Company’s outstanding debt at March 31, 2019 and March 31, 2018:
 
 
March 31, 2019
 
March 31, 2018
 
(Amounts in millions)
 
Carrying
Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
 
 
(Level 2)
 
 
 
(Level 2)
Liabilities(1):
 
 
 
 
 
 
 
Term Loan A
733.3

 
742.5

 
729.7

 
750.9

Term Loan B
1,091.2

 
1,088.1

 
1,229.3

 
1,251.6

5.875% Senior Notes
502.8

 
534.3

 
500.4

 
539.5

6.375% Senior Notes
541.4

 
576.1

 

 

April 2013 1.25% Notes

 

 
60.0

 
60.3

Production loans
385.4

 
386.4

 
352.6

 
352.9

 
$
2,712.7

 
$
2,891.3

 
$
2,872.0

 
$
2,955.2


________________
(1)
The Company measures the fair value of its outstanding debt using discounted cash flow techniques that use observable market inputs, such as LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements).