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Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Required to be Carried at Fair Value on a Recurring Basis

The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of June 30, 2022 and March 31, 2022:

			June 30, 2022																		March 31, 2022
			Level 1						Level 2						Total						Level 1						Level 2						Total
Assets:			(Amounts in millions)
Equity securities with a readily determinable fair value			$	—					$	—					$	—					$	0.5					$	—					$	0.5
Forward exchange contracts (see Note 16)			—						6.3						6.3						—						3.5						3.5
Interest rate swaps (see Note 16)(1)			—						4.2						4.2						—						120.1						120.1
Liabilities:
Forward exchange contracts (see Note 16)			—						(5.1)						(5.1)						—						(2.8)						(2.8)
Interest rate swaps (see Note 16)			—						—						—						—						28.6						28.6

________________

(1)Amounts at March 31, 2022 exclude $88.1 million of financing component of interest rate swaps presented in the table below (none at June 30, 2022).

Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis

The following table sets forth the carrying values and fair values of the Company’s outstanding debt, film related financing and other obligations, and interest rate swaps at June 30, 2022 and March 31, 2022:

			June 30, 2022												March 31, 2022
			(Amounts in millions)
			Carrying Value						Fair Value(1)						Carrying Value						Fair Value(1)
									(Level 2)												(Level 2)
Term Loan A			$	440.0					$	422.7					$	631.9					$	625.7
Term Loan B			834.9						809.5						837.5						828.3
5.500% Senior Notes			966.8						779.2						965.8						962.5
Production Loans			1,131.6						1,135.0						963.7						966.3
Production Tax Credit Facility			230.6						233.7						221.1						224.0
Programming Notes			56.2						56.2						96.4						96.4
Backlog Financing Facility and Other			241.0						243.6						—						—
IP Credit Facility			111.6						114.0						120.6						123.5
Financing component of interest rate swaps(2)			—						—						134.0						122.9

________________

(1)The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements).

(2)Amounts at March 31, 2022 include $88.1 million recorded as a reduction of assets under master netting arrangements (none at June 30, 2022).

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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