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Additional Financial Information (Tables) | 9 Months Ended
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Dec. 31, 2020
Additional Financial Information [Abstract] |
Schedule of Other Assets | The composition of the Company’s other assets is as follows as of December 31, 2020 and March 31, 2020:
| December 31, 2020 |  | March 31, 2020
| (Amounts in millions)
Other current assets |  |  |
Prepaid expenses and other | $ | 65.5 |  |  | $ | 65.7 |
Product inventory(1) | 14.1 |  |  | 13.4 |
Tax credits receivable | 79.1 |  |  | 78.3 |
| $ | 158.7 |  |  | $ | 157.4 |
Other non-current assets |  |  |
Prepaid expenses and other | $ | 18.6 |  |  | $ | 34.3 |
Accounts receivable | 49.9 |  |  | 53.6 |
Tax credits receivable | 173.8 |  |  | 166.7 |
Operating lease right-of-use assets | 128.7 |  |  | 136.9 |
Interest rate swap assets | 9.9 |  |  | — |
| $ | 380.9 |  |  | $ | 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 | 5.6 |  |  |  |  | 30.3 |  |  | 35.9 |
December 31, 2020 | $ | (13.2) |  |  |  |  | $ | (156.9) |  |  | $ | (170.1) |
Summary of Receivables Transferred | The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three and nine months ended December 31, 2020 and 2019:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (Amounts in millions)
Carrying value of receivables transferred and derecognized | $ | 353.2 |  |  | $ | 448.8 |  |  | $ | 1,008.3 |  |  | $ | 1,279.2 |
Net cash proceeds received | 351.5 |  |  | 446.5 |  |  | 1,004.3 |  |  | 1,270.8 |
Loss recorded related to transfers of receivables | 1.7 |  |  | 2.3 |  |  | 3.9 |  |  | 8.4 |
The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three and nine months ended December 31, 2020:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized | $ | 40.8 |  |  | $ | 111.3 |  |  | $ | 126.8 |  |  | $ | 111.3 |
Less amounts from collections reinvested under revolving agreement | (32.5) |  |  | (19.7) |  |  | (107.4) |  |  | (19.7) |
Proceeds from new transfers | 8.3 |  |  | 91.6 |  |  | 19.4 |  |  | 91.6 |
Collections not reinvested and remitted or to be remitted | (11.5) |  |  | (13.5) |  |  | (25.8) |  |  | (13.5) |
Net cash proceeds received | $ | (3.2) |  |  | $ | 78.1 |  |  | $ | (6.4) |  |  | $ | 78.1 |
Carrying value of receivables transferred and derecognized (1) | $ | 40.4 |  |  | $ | 110.9 |  |  | $ | 126.0 |  |  | $ | 110.9 |
Obligations recorded | $ | 0.7 |  |  | $ | 1.6 |  |  | $ | 1.4 |  |  | $ | 1.6 |
Loss recorded related to transfers of receivables | $ | 0.3 |  |  | $ | 1.3 |  |  | $ | 0.5 |  |  | $ | 1.3 |
___________________ (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:
| Nine Months Ended
| December 31,
| 2020 |  | 2019
| (Amounts in millions)
Non-cash investing activities: |  |  |
Decrease in finance lease right-of-use asset due to a reassessment event | $ | (42.0) |  |  | $ | — |
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:
|  |  | Nine Months Ended
|  |  | December 31,
|  |  |  |  | 2020 |  | 2019
|  |  |  |  | (Amounts in millions)
Right-of-use assets obtained in exchange for new lease obligations: |  |  |  |  |  |  |
Operating leases |  |  |  |  | $ | 14.2 |  |  | $ | 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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