Additional Financial Information (Tables)

9 Months Ended

Dec. 31, 2020

Additional Financial Information [Abstract]

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

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(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

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(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	$	—