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Revenue (Tables) | 9 Months Ended
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Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The table below presents revenues by segment, market or product line for the three and nine months ended December 31, 2018 and 2017. As a result of the segment reorganization described in Note 15, the Company has presented prior period segment data in a manner that conforms to the current period presentation. The prior year information in the below table has not been adjusted under the modified retrospective method of adoption of the new revenue recognition guidance.
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (Amounts in millions)
Revenue by Type: |  |  |  |  |  |  |
Motion Picture |  |  |  |  |  |  |
Theatrical(1) | $ | 28.5 |  |  | $ | 117.4 |  |  | $ | 147.9 |  |  | $ | 226.1 |
Home Entertainment |  |  |  |  |  |  |
Digital Media | 81.7 |  |  | 85.0 |  |  | 253.0 |  |  | 277.1 |
Packaged Media(1) | 68.0 |  |  | 104.0 |  |  | 209.0 |  |  | 311.5 |
Total Home Entertainment | 149.7 |  |  | 189.0 |  |  | 462.0 |  |  | 588.6 |
Television(1) | 74.8 |  |  | 90.5 |  |  | 207.6 |  |  | 222.3 |
International | 104.7 |  |  | 134.4 |  |  | 254.3 |  |  | 336.9 |
Other(1) | 4.9 |  |  | 7.8 |  |  | 35.1 |  |  | 23.1 |
Total Motion Picture revenues | $ | 362.6 |  |  | $ | 539.1 |  |  | 1,106.9 |  |  | 1,397.0 |
Television Production |  |  |  |  |  |  |
Television | $ | 151.5 |  |  | $ | 184.6 |  |  | 454.4 |  |  | 515.5 |
International | 35.9 |  |  | 51.1 |  |  | 94.7 |  |  | 118.8 |
Home Entertainment |  |  |  |  |  |  |
Digital Media | 10.9 |  |  | 25.7 |  |  | 54.1 |  |  | 92.4 |
Packaged Media | 2.5 |  |  | 4.1 |  |  | 5.9 |  |  | 10.0 |
Total Home Entertainment | 13.4 |  |  | 29.8 |  |  | 60.0 |  |  | 102.4 |
Other | 15.7 |  |  | 0.7 |  |  | 39.0 |  |  | 2.0 |
Total Television Production revenues | $ | 216.5 |  |  | $ | 266.2 |  |  | 648.1 |  |  | 738.7 |
Media Networks - Programming Revenues | $ | 366.8 |  |  | $ | 353.5 |  |  | 1,099.0 |  |  | 1,057.8 |
Intersegment eliminations | (12.7 | ) |  | (16.1 | ) |  | (87.1 | ) |  | (104.7 | )
Total revenues | $ | 933.2 |  |  | $ | 1,142.7 |  |  | $ | 2,766.9 |  |  | $ | 3,088.8 |
___________________
(1) | Certain amounts in the prior period have been reclassified in order to conform to the current period presentation. In particular, in the three and nine months ended December 31, 2017, within the Motion Picture segment $16.9 million was reclassified from Other revenue to Theatrical revenue ($8.1 million), Home Entertainment Packaged Media revenue ($3.7 million), and Television revenue ($5.1 million).
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at December 31, 2018 are as follows:
|  | Rest of Year Ending March 31, 2019 |  | Year Ended March 31, |  |  |  |
|  |  | 2020 |  | 2021 |  | Thereafter |  | Total
|  | (Amounts in millions)
Remaining Performance Obligations |  | $ | 490.0 |  |  | $ | 783.7 |  |  | $ | 240.7 |  |  | $ | 279.0 |  |  | $ | 1,793.4 |
The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration.
Contract with Customer, Asset and Liability | At December 31, 2018 and April 1, 2018, accounts receivable, contract assets and deferred revenue are as follows:
| December 31, 2018 |  | April 1, 2018 |  | Addition (Reduction)
| (Amounts in millions) |  |
Accounts receivable, net - current | $ | 833.1 |  |  | $ | 1,042.2 |  |  | $ | (209.1 | )
Accounts receivable, net - non-current(1) | 228.7 |  |  | 257.7 |  |  | (29.0 | )
Contract asset - current(2) | 69.0 |  |  | 78.3 |  |  | (9.3 | )
Contract asset - non-current(3) | 28.0 |  |  | 71.5 |  |  | (43.5 | )
Deferred revenue - current | 173.0 |  |  | 183.8 |  |  | (10.8 | )
Deferred revenue - non-current | 70.0 |  |  | 70.5 |  |  | (0.5 | )
__________________
(1) | Included in accounts receivable within non-current other assets in the unaudited condensed consolidated balance sheets.
(2) | Included in prepaid expenses and other within other current assets in the unaudited condensed consolidated balance sheets.
(3) | Included in prepaid expenses and other within non-current other assets in the unaudited condensed consolidated balance sheets.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | Changes to the opening balances of current assets, total assets, current liabilities and total liabilities resulting from the adoption of the new guidance were as follows:
|  | March 31, 2018 |  | Impact of Adoption |  | April 1, 2018
|  | (Amounts in millions)
Current assets |  | $ | 1,773.1 |  |  | $ | 174.4 |  |  | $ | 1,947.5 |
Total assets |  | $ | 8,967.6 |  |  | $ | 143.6 |  |  | $ | 9,111.2 |
Current liabilities |  | $ | 2,412.4 |  |  | $ | 104.1 |  |  | $ | 2,516.5 |
Total liabilities |  | $ | 5,708.9 |  |  | $ | 124.9 |  |  | $ | 5,833.8 |
The following table presents the line items impacted by the adoption of the new revenue recognition guidance (described in Note 1) on the unaudited condensed consolidated balance sheet and statement of operations:
|  | December 31, 2018
|  | As Reported |  | Impact of Adoption |  | Without Adoption of New Revenue Guidance
Balance Sheet Information: |  | (Amounts in millions)
Assets |  |  |  |  |  |
Accounts receivable, net - current |  | $ | 833.1 |  |  | $ | (109.2 | ) |  | $ | 723.9 |
Other assets - current |  | 227.7 |  |  | (69.1 | ) |  | 158.6 |
Other assets - non-current |  | 453.6 |  |  | (2.1 | ) |  | 451.5 |
Investment in films and television programs and program rights, net |  | 1,670.0 |  |  | 38.0 |  |  | 1,708.0 |
Liabilities |  |  |  |  |  |
Accounts payable and accrued liabilities |  | 432.5 |  |  | (95.7 | ) |  | 336.8 |
Participations and residuals - current |  | 499.6 |  |  | (26.0 | ) |  | 473.6 |
Deferred revenue - current |  | 173.0 |  |  | (0.5 | ) |  | 172.5 |
Deferred revenue - non-current |  | 70.0 |  |  | 0.7 |  |  | 70.7 |
Deferred tax liabilities |  | 46.8 |  |  | (4.2 | ) |  | 42.6 |
Equity |  |  |  |  |  |
Retained earnings |  | 346.0 |  |  | (16.7 | ) |  | 329.3 |
|  | Three Months Ended December 31, 2018
|  | As Reported |  | Impact of Adoption |  | Without Adoption of New Revenue Guidance
Statement of Operations Information: |  | (Amounts in millions)
Revenues |  | $ | 933.2 |  |  | $ | (7.4 | ) |  | $ | 925.8 |
Direct operating |  | 502.0 |  |  | (2.3 | ) |  | 499.7 |
Operating income |  | 86.8 |  |  | (5.1 | ) |  | 81.7 |
Interest and other income |  | 2.9 |  |  | 0.1 |  |  | 3.0 |
Income before income taxes |  | 25.4 |  |  | (5.0 | ) |  | 20.4 |
Income tax provision |  | (5.3 | ) |  | 1.1 |  |  | (4.2 | )
Net income |  | 20.1 |  |  | (3.9 | ) |  | 16.2 |
|  | Nine Months Ended December 31, 2018
|  | As Reported |  | Impact of Adoption |  | Without Adoption of New Revenue Guidance
Statement of Operations Information: |  | (Amounts in millions)
Revenues |  | $ | 2,766.9 |  |  | $ | 5.7 |  |  | $ | 2,772.6 |
Direct operating |  | 1,495.2 |  |  | 2.4 |  |  | 1,497.6 |
Operating income |  | 164.0 |  |  | 3.3 |  |  | 167.3 |
Interest and other income |  | 9.0 |  |  | (0.2 | ) |  | 8.8 |
Loss before income taxes |  | (167.1 | ) |  | 3.1 |  |  | (164.0 | )
Income tax benefit |  | 26.6 |  |  | (1.1 | ) |  | 25.5 |
Net loss |  | (140.5 | ) |  | 2.0 |  |  | (138.5 | )

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