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Leases
6 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases LeasesThe Company has operating leases primarily for office space, studio facilities, and other equipment. The Company also has a finance lease for a satellite transponder, and through the quarter ended June 30, 2020 the Company had classified its lease for the Starz commercial building as a finance lease. During the three months ended September 30, 2020, due to a change in the expected lease term of the Starz commercial building, the Company reassessed the lease classification of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease. As a result, the right-of-use assets and lease liabilities (including the fair value adjustment) under finance leases decreased by $42.0 million and $48.6 million, respectively, and the right-of-use assets and lease liabilities under operating leases increased by $6.0 million and $12.6 million, respectively. The Company's leases have remaining lease terms of up to approximately 10 years.
Supplemental balance sheet information related to leases was as follows:
CategoryBalance Sheet LocationSeptember 30,
2020
March 31,
2020
Operating Leases(Amounts in millions)
Right-of-use assetsOther assets - non-current$134.3 136.9 
Lease liabilities (current)Accounts payable and accrued liabilities$39.5 35.3 
Lease liabilities (non-current)Other liabilities - non-current130.2 129.6 
$169.7 164.9 
Finance Leases
Right-of-use assetsProperty and equipment, net$1.2 46.4 
Lease liabilities (current)Debt - short-term portion$1.0 3.0 
Lease liabilities (non-current)Debt - non-current— 39.4 
$1.0 42.4 

September 30,
2020
March 31,
2020
Weighted average remaining lease term (in years):
Operating leases5.56.1
Finance leases0.421.6
Weighted average discount rate:
Operating leases3.91 %4.10 %
Finance leases7.00 %6.40 %
The expected future payments relating to the Company's operating and finance lease liabilities at September 30, 2020 are as follows:
Operating LeasesFinance Leases
(Amounts in millions)
Six months ending March 31, 2021$24.8 $1.0 
Year ending March 31,
202238.7 — 
202337.4 — 
202425.2 — 
202514.9 — 
Thereafter49.0 — 
Total lease payments190.0 1.0 
Less imputed interest(20.3)— 
Total$169.7 $1.0 
Leases LeasesThe Company has operating leases primarily for office space, studio facilities, and other equipment. The Company also has a finance lease for a satellite transponder, and through the quarter ended June 30, 2020 the Company had classified its lease for the Starz commercial building as a finance lease. During the three months ended September 30, 2020, due to a change in the expected lease term of the Starz commercial building, the Company reassessed the lease classification of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease. As a result, the right-of-use assets and lease liabilities (including the fair value adjustment) under finance leases decreased by $42.0 million and $48.6 million, respectively, and the right-of-use assets and lease liabilities under operating leases increased by $6.0 million and $12.6 million, respectively. The Company's leases have remaining lease terms of up to approximately 10 years.
Supplemental balance sheet information related to leases was as follows:
CategoryBalance Sheet LocationSeptember 30,
2020
March 31,
2020
Operating Leases(Amounts in millions)
Right-of-use assetsOther assets - non-current$134.3 136.9 
Lease liabilities (current)Accounts payable and accrued liabilities$39.5 35.3 
Lease liabilities (non-current)Other liabilities - non-current130.2 129.6 
$169.7 164.9 
Finance Leases
Right-of-use assetsProperty and equipment, net$1.2 46.4 
Lease liabilities (current)Debt - short-term portion$1.0 3.0 
Lease liabilities (non-current)Debt - non-current— 39.4 
$1.0 42.4 

September 30,
2020
March 31,
2020
Weighted average remaining lease term (in years):
Operating leases5.56.1
Finance leases0.421.6
Weighted average discount rate:
Operating leases3.91 %4.10 %
Finance leases7.00 %6.40 %
The expected future payments relating to the Company's operating and finance lease liabilities at September 30, 2020 are as follows:
Operating LeasesFinance Leases
(Amounts in millions)
Six months ending March 31, 2021$24.8 $1.0 
Year ending March 31,
202238.7 — 
202337.4 — 
202425.2 — 
202514.9 — 
Thereafter49.0 — 
Total lease payments190.0 1.0 
Less imputed interest(20.3)— 
Total$169.7 $1.0