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Additional Financial Information (Tables) | 6 Months Ended
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Sep. 30, 2020
Additional Financial Information [Abstract] |
Schedule of Other Assets | The composition of the Company’s other assets is as follows as of September 30, 2020 and March 31, 2020:
| September 30, 2020 |  | March 31, 2020
| (Amounts in millions)
Other current assets |  |  |
Prepaid expenses and other | $ | 69.8 |  |  | $ | 65.7 |
Product inventory(1) | 17.3 |  |  | 13.4 |
Tax credits receivable | 76.7 |  |  | 78.3 |
| $ | 163.8 |  |  | $ | 157.4 |
Other non-current assets |  |  |
Prepaid expenses and other | $ | 23.8 |  |  | $ | 34.3 |
Accounts receivable | 37.2 |  |  | 53.6 |
Tax credits receivable | 178.1 |  |  | 166.7 |
Operating lease right-of-use assets | 134.3 |  |  | 136.9 |
| $ | 373.4 |  |  | $ | 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.
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) | 0.8 |  |  |  |  | (0.3) |  |  | 0.5 |
September 30, 2020 | $ | (18.0) |  |  |  |  | $ | (187.5) |  |  | $ | (205.5) |
Summary of Receivables Transferred | The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three and six months ended September 30, 2020 and 2019:
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (Amounts in millions)
Carrying value of receivables transferred and derecognized | $ | 341.8 |  |  | $ | 455.9 |  |  | $ | 655.0 |  |  | $ | 830.4 |
Net cash proceeds received | 341.2 |  |  | 452.1 |  |  | 652.9 |  |  | 824.3 |
Loss recorded related to transfers of receivables | 0.6 |  |  | 3.8 |  |  | 2.1 |  |  | 6.1 |
The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three and six months ended September 30, 2020:
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2020 |  |  |  | 2020 |  |
| (Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized | $ | 33.7 |  |  |  |  | $ | 86.0 |  |  |
Less amounts from collections reinvested under revolving agreement | (33.7) |  |  |  |  | (75.0) |  |  |
Proceeds from new transfers | — |  |  |  |  | 11.0 |  |  |
Collections not reinvested and remitted or to be remitted | (3.9) |  |  |  |  | (14.3) |  |  |
Net cash proceeds received | $ | (3.9) |  |  |  |  | $ | (3.3) |  |  |
Carrying value of receivables transferred and derecognized (1) | $ | 33.5 |  |  |  |  | $ | 85.5 |  |  |
Obligations recorded | $ | 0.2 |  |  |  |  | $ | 0.6 |  |  |
Loss recorded related to transfers of receivables | $ | — |  |  |  |  | $ | 0.2 |  |  |
___________________ (1)Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Supplemental Schedule of Cash Flow Information | The supplemental schedule of non-cash investing and financing activities is presented below:
| Six Months Ended
| September 30,
| 2020 |  | 2019
| (Amounts in millions)
Non-cash investing activities: |  |  |
Decrease in finance lease right-of-use asset due to a reassessment event | $ | (42.0) |  |  | $ | — |
Common shares related to business acquisitions | $ | — |  |  | $ | 28.1 |
Non-cash financing activities: |  |  |
Decrease in finance lease liability due to a reassessment event | $ | (48.6) |  |  | $ | — |
Supplemental cash flow information related to leases was as follows:
|  |  | Six Months Ended
|  |  | September 30,
|  |  |  |  | 2020 |  | 2019
|  |  |  |  | (Amounts in millions)
Right-of-use assets obtained in exchange for new lease obligations: |  |  |  |  |  |  |
Operating leases |  |  |  |  | $ | 10.4 |  |  | $ | 2.1 |
Increase in right-of-use assets and lease liability due to a reassessment event: |  |  |  |  |  |  |
Operating leases - increase in right-of-use assets |  |  |  |  | $ | 6.0 |  |  | $ | — |
Operating leases - increase in lease liability |  |  |  |  | $ | 12.6 |  |  | $ | — |

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