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Financial Instruments (Tables)
 12 Months Ended
Mar. 31, 2020
Derivative [Line Items]  
Schedule of Derivative Instruments, Effect on Statements of Operations And Comprehensive Income
The following table presents the pre-tax effect of the Company's derivatives on the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended March 31, 2020, 2019 and 2018:
 
Year Ended
 
March 31,
 
2020
 
2019
 
2018
 
(Amounts in millions)
Derivatives designated as cash flow hedges:
 
 
 
 
 
Forward exchange contracts
 
 
 
 
 
Gain (loss) recognized in accumulated other comprehensive income (loss)
$
0.8

 
$
1.1

 
$
(0.2
)
Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense
1.6

 
—

 
(1.5
)
 
 
 
 
 
 
Interest rate swap agreements
 
 
 
 
 
Loss recognized in accumulated other comprehensive income (loss)
$
(138.6
)
 
$
(71.3
)
 
$
—

Loss reclassified from accumulated other comprehensive income (loss) into interest expense
(14.3
)
 
(7.7
)
 
—

 
 
 
 
 
 
Derivatives not designated as cash flow hedges:
 
 
 
 
 
Forward exchange contracts
 
 
 
 
 
Gain (loss) recognized in direct operating expense
$
(0.4
)
 
$
—

 
$
0.1

 
 
 
 
 
 
Total direct operating expense on consolidated statements of operations
$
2,226.1

 
$
2,028.2

 
$
2,309.6

Total interest expense on consolidated statements of operations(1)
$
191.3

 
$
163.6

 
$
137.2


________________
(1)Represents interest expense before interest on dissenting shareholders' liability.
Derivative Instruments by Balance Sheet Location As of March 31, 2020 and March 31, 2019, the Company had the following amounts recorded in the accompanying consolidated balance sheets related to the Company's use of derivatives:

 
 
March 31, 2020
 
 
Other Current Assets
 
Accounts Payable and Accrued Liabilities
 
Other Non-Current Liabilities
 
 
(Amounts in millions)
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
Forward exchange contracts
 
$
0.6

 
$
0.5

 
$
—

Interest rate swap agreements
 
—

 
—

 
187.9

Derivatives not designated as cash flow hedges:
 
 
 
 
 
 
Forward exchange contracts
 
—

 
0.4

 
—

Fair value of derivatives
 
$
0.6

 
$
0.9

 
$
187.9


 
 
March 31, 2019
 
 
Other Current Assets
 
Accounts Payable and Accrued Liabilities
 
Other Non-Current Liabilities
 
 
(Amounts in millions)
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
Forward exchange contracts
 
$
1.5

 
$
0.6

 
$
—

Interest rate swap agreements
 
—

 
—

 
63.6

Fair value of derivatives
 
$
1.5

 
$
0.6

 
63.6
Forward Foreign Exchange Contracts  
Derivative [Line Items]  
Schedule of Derivative Instruments Outstanding
As of March 31, 2020, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 16 months from March 31, 2020):
March 31, 2020
Foreign Currency
 
Foreign Currency Amount
 
US Dollar Amount
 
Weighted Average Exchange Rate Per $1 USD
 
 
(Amounts in millions)
 
(Amounts in millions)
 
 
British Pound Sterling
 

£14.4

in exchange for

$18.5

 
£0.78
Euro
 

€2.1

in exchange for

$2.4

 
€0.90
Canadian Dollar
 

C$7.3

in exchange for

$5.5

 
C$1.32
Australian Dollar
 

A$2.2

in exchange for

$1.7

 
A$1.25
Interest Rate Swap  
Derivative [Line Items]  
Schedule of Derivative Instruments Outstanding
The major terms of the Company's interest rate swap agreements as of March 31, 2020 are as follows (all related to the Company's LIBOR-based debt, see Note 7 and Note 10):

Effective Date
 
Notional Amount (in millions)
 
Fixed Rate Paid
 
Maturity Date
May 23, 2018
 
$1,000.0
 
2.915%
 
March 24, 2025
June 25, 2018
 
$200.0
 
2.723%
 
March 23, 2025
July 31, 2018
 
$300.0
 
2.885%
 
March 23, 2025
December 24, 2018
 
$50.0
 
2.744%
 
March 23, 2025
December 24, 2018
 
$100.0
 
2.808%
 
March 23, 2025
December 24, 2018
 
$50.0
 
2.728%
 
March 23, 2025