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Leases (Tables)

9 Months Ended

Dec. 31, 2019

The components of lease cost were as follows:



	Three Months Ended		Nine Months Ended
	December 31,		December 31,
	2019		2019
	(Amounts in millions)
Operating lease cost⁽¹⁾	$	8.6	$	25.5

Finance lease cost
Amortization of right-of-use assets	0.8		2.3
Interest on lease liabilities	0.8		2.6
Total finance lease cost	1.6		4.9

Short-term lease cost⁽¹⁾⁽²⁾	24.0		74.8
Total lease cost	$	34.2	$	105.2

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(1)	Amounts include costs capitalized during the period for leased assets used in the production of film and television programs. Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other non-cash items” line of the unaudited condensed consolidated statement of cash flows.

(2)

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



	December 31, 2019
Weighted average remaining lease term (in years):
Operating leases	6.4
Finance leases	21.6

Weighted average discount rate:
Operating leases	4.12	%
Finance leases	6.41	%

Supplemental cash flow information related to leases was as follows:



	Nine Months Ended
	December 31,
	2019
	(Amounts in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	27.4
Financing cash flows from financing leases	2.2

Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	2.1

Supplemental balance sheet information related to leases was as follows:



Category	Balance Sheet Location	December 31, 2019
Operating Leases		(Amounts in millions)
Right-of-use assets	Other assets - non-current	$	140.3

Lease liabilities (current)	Accounts payable and accrued liabilities	$	29.5
Lease liabilities (non-current)	Other liabilities - non-current	137.9
		$	167.4
Finance Leases
Right-of-use assets	Property and equipment, net	$	47.9

Lease liabilities (current)	Debt - short-term portion	$	3.1
Lease liabilities (non-current)	Debt - non-current	40.1
		$	43.2

The expected future payments relating to the Company's operating and finance lease liabilities at December 31, 2019 are as follows:

The expected future payments relating to the Company's operating and finance lease liabilities at December 31, 2019 are as follows: