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Additional Financial Information (Tables)
 9 Months Ended
Dec. 31, 2021
Additional Financial Information [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheet to the total amounts reported in the unaudited condensed consolidated statement of cash flows at December 31, 2021. At December 31, 2021, restricted cash included in other current assets represents amounts related
to required cash reserves for interest payments associated with the Production Tax Credit Facility and IP Credit Facility. There were no material amounts of restricted cash in the unaudited condensed consolidated balance sheet as of March 31, 2021.

December 31,
2021
 (Amounts in millions)
Cash and cash equivalents$314.4 
Restricted cash included in other current assets4.9 
Total cash, cash equivalents and restricted cash$319.3 
Schedule of Other Assets
The composition of the Company’s other assets is as follows as of December 31, 2021 and March 31, 2021:
 
December 31,
2021		March 31,
2021
 (Amounts in millions)
Other current assets
Prepaid expenses and other$95.6 $68.0 
Cash consideration receivable for sale of Pantaya (see Note 2)— 123.6 
Product inventory14.4 14.3 
Tax credits receivable79.3 68.4 
$189.3 $274.3 
Other non-current assets
Prepaid expenses and other$20.6 $25.8 
Accounts receivable47.1 49.4 
Tax credits receivable279.2 181.2 
Operating lease right-of-use assets143.8 127.0 
Interest rate swap assets15.1 50.8 
$505.8 $434.2 
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, 2021 and 2020:
Three Months EndedNine Months Ended
December 31,December 31,
2021202020212020
 (Amounts in millions)
Carrying value of receivables transferred and derecognized$336.2 $353.2 $1,083.9 $1,008.3 
Net cash proceeds received334.2 351.5 1,077.6 1,004.3 
Loss recorded related to transfers of receivables2.1 1.7 6.2 3.9 
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, 2021 and 2020:
Three Months EndedNine Months Ended
December 31,December 31,
2021202020212020
 (Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized$20.4 $40.8 $111.8 $126.8 
Less amounts from collections reinvested under revolving agreement(12.1)(32.5)(76.0)(107.4)
Proceeds from new transfers8.3 8.3 35.8 19.4 
Collections not reinvested and remitted or to be remitted(10.8)(11.5)(44.4)(25.8)
Net cash proceeds paid or to be paid(1)
$(2.5)$(3.2)$(8.6)$(6.4)
Carrying value of receivables transferred and derecognized (2)
$20.3 $40.4 $110.9 $126.0 
Obligations recorded$— $0.7 $0.9 $1.4 
Loss (gain) recorded related to transfers of receivables$(0.1)$0.3 $— $0.5 
___________________
(1)In addition, during the three and nine months ended December 31, 2021, the Company repurchased $25.5 million of receivables previously transferred, as separately agreed upon with the third-party purchasers, in order to monetize such receivables under the individual monetization program discussed above without being subject to the collateral requirements under the pooled monetization program.
(2)Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Schedule of Accumulated Other Comprehensive Loss
The following table summarizes the changes in the components of accumulated other comprehensive loss, net of tax:
Foreign currency translation adjustmentsNet unrealized loss on cash flow hedgesTotal
(Amounts in millions)
March 31, 2021$(15.1)$(68.2)$(83.3)
Other comprehensive loss(1.2)(20.2)(21.4)
Reclassifications to net loss(1)
— 36.4 36.4 
December 31, 2021$(16.3)$(52.0)$(68.3)
March 31, 2020$(18.8)$(187.2)$(206.0)
Other comprehensive income (loss)5.6 (5.8)(0.2)
Reclassifications to net income(1)
— 36.1 36.1 
December 31, 2020$(13.2)$(156.9)$(170.1)
___________________
(1)Represents a gain of $0.6 million included in direct operating expense and a loss of $37.0 million included in interest expense on the unaudited condensed consolidated statement of operations in the nine months ended December 31, 2021 (nine months ended December 31, 2020 - gain of $0.3 million included in direct operating expense and loss of $36.4 million included in interest expense) (see Note 16).
Supplemental Schedule of Cash Flow Information
The supplemental schedule of non-cash investing and financing activities is presented below:
Nine Months Ended
December 31,
20212020
(Amounts in millions)
Non-cash investing activities:
Accrued equity-method investment$19.0 $— 
Decrease in finance lease right-of-use asset due to a reassessment event(1)
$— $(42.0)
Non-cash financing activities:
Decrease in finance lease liability due to a reassessment event(1)
$— $(48.6)
______________
(1)During the nine months ended December 31, 2020, the Company reassessed the lease term of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease.
Supplemental cash flow information related to leases was as follows:
Nine Months Ended
December 31,
20212020
(Amounts in millions)
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases$54.3 $14.2 
Increase in right-of-use assets and lease liability due to a reassessment event(1):
Operating leases - increase in right-of-use assets$— $6.0 
Operating leases - increase in lease liability$— $12.6 
______________
(1)During the nine months ended December 31, 2020, the Company reassessed the lease term of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease.