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General (Tables)
 9 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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
)