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Leases
 12 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases LeasesThe Company has operating leases primarily for office space, studio facilities, and other equipment. The Company's leases have remaining lease terms of up to approximately 10 years, and the Starz commercial building lease includes four successive five-year renewal periods at the Company's option.
The components of lease cost were as follows:
Year Ended
March 31,
202220212020
(Amounts in millions)
Operating lease cost(1)
$54.9 $45.1 $35.3 
Finance lease cost
Amortization of right-of-use assets— 2.6 3.0 
Interest on lease liabilities— 1.6 3.4 
Total finance lease cost— 4.2 6.4 
Short-term lease cost(2)
233.1 129.5 93.3 
Variable lease cost(3)
1.4 2.6 2.5 
Total lease cost$289.4 $181.4 $137.5 
___________________
(1)Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other amortization” line of the consolidated statements of cash flows. Amounts include costs capitalized during the period for leased assets used in the production of film and television programs.
(2)Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred.
(3)Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs.
Supplemental balance sheet information related to leases was as follows:
CategoryBalance Sheet LocationMarch 31,
2022		March 31,
2021
Operating Leases(Amounts in millions)
Right-of-use assetsOther assets - non-current$170.7 127.0 
Lease liabilities (current)Accounts payable and accrued liabilities$41.4 41.4 
Lease liabilities (non-current)Other liabilities - non-current159.3 119.9 
$200.7 161.3 
March 31,
2022		March 31,
2021
Weighted average remaining lease term (in years):
Operating leases6.05.1
Weighted average discount rate:
Operating leases3.32 %3.88 %
The expected future payments relating to the Company's lease liabilities at March 31, 2022 are as follows:
Operating
Leases
(Amounts in millions)
Year ending March 31,
2023$36.6 
202438.1 
202536.8 
202630.7 
202724.1 
Thereafter59.6 
Total lease payments225.9 
Less imputed interest(25.2)
Total$200.7 

As of March 31, 2022, the Company has entered into certain leases that have not yet commenced primarily related to studio facilities, certain of which are owned by an equity-method investee, for which construction related to those leases has not yet been completed. The leases are for terms up to 10.5 years, commencing upon completion of construction (currently expected to be ranging from calendar years 2022 to 2024). The leases include an option to terminate the leases prior to expiration of lease year seven, and an option to extend the initial term for an additional 10 years. The total minimum lease payments under these leases in aggregate are approximately $179.0 million. See Note 20 for further information related to leases with equity-method investees.
Leases LeasesThe Company has operating leases primarily for office space, studio facilities, and other equipment. The Company's leases have remaining lease terms of up to approximately 10 years, and the Starz commercial building lease includes four successive five-year renewal periods at the Company's option.
The components of lease cost were as follows:
Year Ended
March 31,
202220212020
(Amounts in millions)
Operating lease cost(1)
$54.9 $45.1 $35.3 
Finance lease cost
Amortization of right-of-use assets— 2.6 3.0 
Interest on lease liabilities— 1.6 3.4 
Total finance lease cost— 4.2 6.4 
Short-term lease cost(2)
233.1 129.5 93.3 
Variable lease cost(3)
1.4 2.6 2.5 
Total lease cost$289.4 $181.4 $137.5 
___________________
(1)Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other amortization” line of the consolidated statements of cash flows. Amounts include costs capitalized during the period for leased assets used in the production of film and television programs.
(2)Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred.
(3)Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs.
Supplemental balance sheet information related to leases was as follows:
CategoryBalance Sheet LocationMarch 31,
2022		March 31,
2021
Operating Leases(Amounts in millions)
Right-of-use assetsOther assets - non-current$170.7 127.0 
Lease liabilities (current)Accounts payable and accrued liabilities$41.4 41.4 
Lease liabilities (non-current)Other liabilities - non-current159.3 119.9 
$200.7 161.3 
March 31,
2022		March 31,
2021
Weighted average remaining lease term (in years):
Operating leases6.05.1
Weighted average discount rate:
Operating leases3.32 %3.88 %
The expected future payments relating to the Company's lease liabilities at March 31, 2022 are as follows:
Operating
Leases
(Amounts in millions)
Year ending March 31,
2023$36.6 
202438.1 
202536.8 
202630.7 
202724.1 
Thereafter59.6 
Total lease payments225.9 
Less imputed interest(25.2)
Total$200.7 

As of March 31, 2022, the Company has entered into certain leases that have not yet commenced primarily related to studio facilities, certain of which are owned by an equity-method investee, for which construction related to those leases has not yet been completed. The leases are for terms up to 10.5 years, commencing upon completion of construction (currently expected to be ranging from calendar years 2022 to 2024). The leases include an option to terminate the leases prior to expiration of lease year seven, and an option to extend the initial term for an additional 10 years. The total minimum lease payments under these leases in aggregate are approximately $179.0 million. See Note 20 for further information related to leases with equity-method investees.