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Leases (Tables)

6 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease Cost

The components of lease cost were as follows:

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2019				2019
	(Amounts in millions)
Operating lease cost(1)	$	8.5			$	16.9
Finance lease cost
Amortization of right-of-use assets	0.8				1.5
Interest on lease liabilities	0.9				1.7
Total finance lease cost	1.7				3.2
Short-term lease cost(1)(2)	20.6				50.8
Total lease cost	$	30.8			$	70.9

___________________

(1) Amounts include costs capitalized during the period for leased assets used in the production of film and television programs.

(2)

Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions.

	September 30, 2019
Weighted average remaining lease term (in years):
Operating leases	6.5
Finance leases	21.6
Weighted average discount rate:
Operating leases	4.11	%
Finance leases	6.41	%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Six Months Ended
	September 30,
	2019
	(Amounts in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	18.1
Financing cash flows from financing leases	1.5
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	2.1

Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

Category		Balance Sheet Location		September 30, 2019
Operating Leases				(Amounts in millions)
Right-of-use assets		Other assets - non-current		$	146.3
Lease liabilities (current)		Accounts payable and accrued liabilities		$	29.5
Lease liabilities (non-current)		Other liabilities - non-current		144.7
				$	174.2
Finance Leases
Right-of-use assets		Property and equipment, net		$	48.7
Lease liabilities (current)		Debt - short-term portion		$	3.1
Lease liabilities (non-current)		Debt - non-current		40.8
				$	43.9

Maturity of Finance Lease Liabilities

The expected future payments relating to the Company's operating and finance lease liabilities at September 30, 2019 are as follows:

	Operating Leases				Finance Leases
	(Amounts in millions)
Six months ending March 31, 2020	$	18.1			$	3.2
Year ending March 31,
2021	35.8				6.2
2022	33.1				3.9
2023	32.4				3.9
2024	20.3				3.9
Thereafter	59.9				73.5
Total lease payments	199.6				94.6
Less imputed interest	(25.4		)		(50.7		)
Total	$	174.2			$	43.9

Maturity of Operating Lease Liabilities

The expected future payments relating to the Company's operating and finance lease liabilities at September 30, 2019 are as follows:

	Operating Leases				Finance Leases
	(Amounts in millions)
Six months ending March 31, 2020	$	18.1			$	3.2
Year ending March 31,
2021	35.8				6.2
2022	33.1				3.9
2023	32.4				3.9
2024	20.3				3.9
Thereafter	59.9				73.5
Total lease payments	199.6				94.6
Less imputed interest	(25.4		)		(50.7		)
Total	$	174.2			$	43.9

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Supplemental Cash Flow Information Leases [Table Text Block]

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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