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Additional Financial Information (Tables)

3 Months Ended

Jun. 30, 2020

Additional Financial Information [Abstract]

Schedule of Other Assets

The composition of the Company’s other assets is as follows as of June 30, 2020 and March 31, 2020:

	June 30, 2020				March 31, 2020
	(Amounts in millions)
Other current assets
Prepaid expenses and other	$	67.1			$	65.7
Product inventory(1)	12.2				13.4
Tax credits receivable	68.5				78.3
	$	147.8			$	157.4
Other non-current assets
Prepaid expenses and other	$	26.3			$	34.3
Accounts receivable	60.1				53.6
Tax credits receivable	172.6				166.7
Operating lease right-of-use assets	137.7				136.9
	$	396.7			$	391.5

___________________

(1)

Home entertainment product inventory consists of Packaged Media and is stated at the lower of cost or market value (first-in, first-out method). Costs of Packaged Media sales, including shipping and handling costs, are included in distribution and marketing expenses.

Supplemental Schedule of Non-Cash Investing and Financing Activities

The supplemental schedule of non-cash investing activities is presented below:

	Three Months Ended June 30,
	2020				2019
	(Amounts in millions)
Non-cash investing activities:
Common shares related to business acquisitions	$	—			$	28.1

There were no significant non-cash financing activities for the three months ended June 30, 2020 and 2019.

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the changes in the components of accumulated other comprehensive loss, net of tax:

	Foreign currency translation adjustments				Net unrealized loss on cash flow hedges				Total
	(Amounts in millions)
March 31, 2020	$	(18.8	)		$	(187.2	)		$	(206.0	)
Other comprehensive income (loss)	0.4				(7.0		)		(6.6		)
June 30, 2020	$	(18.4	)		$	(194.2	)		$	(212.6	)

Summary of Receivables Transferred

The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three months ended June 30, 2020 and 2019:

	Three Months Ended
	June 30,
	2020				2019
	(Amounts in millions)
Carrying value of receivables transferred and derecognized	$	313.2			$	374.5
Net cash proceeds received	311.7				372.2
Loss recorded related to transfers of receivables	1.5				2.3

The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three months ended June 30, 2020:

	Three Months Ended
	June 30,
	2020
	(Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized	$	52.3
Less amounts from collections reinvested under revolving agreement	(41.3		)
Proceeds from new transfers	11.0
Collections not reinvested and remitted or to be remitted	(10.4		)
Net cash proceeds received	$	0.6
Carrying value of receivables transferred and derecognized (1)	$	52.0
Obligations recorded	$	0.4
Loss recorded related to transfers of receivables	$	0.1

___________________

(1)

Receivables net of unamortized discounts on long-term, non-interest bearing receivables.

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