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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Outstanding As of December 31, 2020, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 13 months from December 31, 2020):
December 31, 2020
Foreign CurrencyForeign Currency AmountUS Dollar AmountWeighted Average Exchange Rate Per $1 USD
 (Amounts in millions)(Amounts in millions)
British Pound Sterling£4.7 in exchange for$6.0 £0.78
Hungarian ForintHUF 2,085.0 in exchange for$7.1 HUF 293.74
Euro€0.7 in exchange for$0.9 €0.84
Canadian DollarC$14.8 in exchange for$11.3 C$1.31
Croatian KunaHRK3.3 in exchange for$0.5 HRK6.32
Czech KorunaCZK177.1 in exchange for$7.7 CZK23.01
As of March 31, 2020, the Company had the following pay-fixed interest rate swaps outstanding (all related to the Company's LIBOR-based debt, see Note 4 and Note 6):
Effective DateNotional Amount (in millions)Fixed Rate PaidMaturity Date
May 23, 2018$1,000.0 2.915%March 24, 2025
June 25, 2018$200.0 2.723%March 23, 2025
July 31, 2018$300.0 2.885%March 23, 2025
December 24, 2018$50.0 2.744%March 23, 2025
December 24, 2018$100.0 2.808%March 23, 2025
December 24, 2018$50.0 2.728%March 23, 2025
Total$1,700.0 
Key terms of the new offsetting pay-variable receive-fixed interest rate swaps outstanding at December 31, 2020 are presented below (not designated as hedges):
Effective DateNotional Amount (in millions)Fixed Rate ReceivedMaturity Date
May 19, 2020$700.0 2.915%March 24, 2025
May 19, 2020$300.0 2.885%March 23, 2025
May 19, 2020$50.0 2.744%March 23, 2025
June 15, 2020$100.0 2.808%March 23, 2025
June 15, 2020$50.0 2.728%March 23, 2025
August 14, 2020$200.0 2.723%March 23, 2025
Total$1,400.0 

Key terms of the new designated cash flow hedge pay-fixed interest rate swaps outstanding at December 31, 2020 are presented below:
Effective DateNotional Amount (in millions)Fixed Rate Paid
Maturity Date(1)
May 19, 2020$700.0 1.923%March 23, 2030
May 19, 2020$350.0 2.531%March 23, 2027
June 15, 2020$150.0 2.343%March 23, 2027
August 14, 2020$200.0 1.840%March 23, 2030
Total$1,400.0 
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(1)Subject to a mandatory early termination date of March 23, 2025.
Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income, Location And Effect The following table presents the pre-tax effect of the Company's derivatives on the accompanying unaudited condensed consolidated statements of operations and comprehensive loss for the three and nine months ended December 31, 2020 and 2019:
Three Months EndedNine Months Ended
December 31,December 31,
2020201920202019
 (Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts
Gain recognized in accumulated other comprehensive loss$2.0 $0.1 $1.5 $1.7 
Gain reclassified from accumulated other comprehensive loss into direct operating expense$0.3 $0.4 $0.3 $1.9 
Interest rate swaps
Gain (loss) recognized in accumulated other comprehensive loss$12.2 $18.8 $(16.0)$(52.3)
Loss reclassified from accumulated other comprehensive loss into interest expense$(8.2)$(4.5)$(25.2)$(8.9)
Derivatives not designated as cash flow hedges:
Forward exchange contracts
Gain recognized in direct operating expense$— $0.1 $0.3 $0.2 
Interest rate swaps
Loss reclassified from accumulated other comprehensive loss into interest expense$(8.5)$— $(20.0)$— 
Total direct operating expense on consolidated statements of operations$459.3 $594.6 $1,249.0 $1,662.0 
Total interest expense on consolidated statements of operations$45.0 $48.7 $135.2 $145.7 
Derivative Instruments by Balance Sheet Location As of December 31, 2020 and March 31, 2020, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company's use of derivatives:
December 31, 2020
Other Current AssetsOther Non-Current AssetsAccounts Payable and Accrued LiabilitiesOther Non-Current Liabilities
 (Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts$2.3 $— $1.0 $— 
Interest rate swaps— 14.5 — 30.2 
Derivatives not designated as cash flow hedges:
Interest rate swaps(1)
— (4.6)— 147.2 
Fair value of derivatives$2.3 $9.9 $1.0 $177.4 
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(1)Includes $100.7 million and $56.3 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element of certain hybrid instruments, which is offset by the new pay-variable receive-fixed interest rate swaps outstanding at December 31, 2020.
March 31, 2020
Other Current AssetsAccounts Payable and Accrued LiabilitiesOther Non-Current Liabilities
 (Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts$0.6 $0.5 $— 
Interest rate swaps— — 187.9 
Derivatives not designated as cash flow hedges:
Forward exchange contracts— 0.4 — 
Fair value of derivatives$0.6 $0.9 187.9