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Leases (Tables)

12 Months Ended

Mar. 31, 2022

The components of lease cost were as follows:


	Year Ended
	March 31,
	2022		2021		2020
	(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

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(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.


	March 31, 2022		March 31, 2021
Weighted average remaining lease term (in years):
Operating leases	6.0		5.1


Weighted average discount rate:
Operating leases	3.32	%	3.88	%

Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


Category	Balance Sheet Location	March 31, 2022		March 31, 2021
Operating Leases		(Amounts in millions)
Right-of-use assets	Other 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-current	159.3		119.9
		$	200.7	161.3

Maturity of Operating Lease Liabilities

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
2024	38.1
2025	36.8
2026	30.7
2027	24.1
Thereafter	59.6
Total lease payments	225.9
Less imputed interest	(25.2)
Total	$	200.7