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Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2023

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 March 31, 2023 and 2022:

			March 31, 2023																		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 18)			—						2.9						2.9						—						3.5						3.5
Interest rate swaps (see Note 18)(1)			—						41.1						41.1						—						120.1						120.1
Liabilities:
Forward exchange contracts (see Note 18)			—						(0.1)						(0.1)						—						(2.8)						(2.8)
Interest rate swaps (see Note 18)			—						—						—						—						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 March 31, 2023).

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 obligations, and interest rate swaps at March 31, 2023 and 2022:

			March 31, 2023												March 31, 2022
			(Amounts in millions)
			Carrying Value						Fair Value(1)						Carrying Value						Fair Value(1)
									(Level 2)												(Level 2)
Term Loan A			$	424.2					$	415.4					$	631.9					$	625.7
Term Loan B			827.2						817.1						837.5						828.3
5.500% Senior Notes			776.0						510.0						965.8						962.5
Production Loans			1,346.1						1,349.9						963.7						966.3
Production Tax Credit Facility			229.4						231.8						221.1						224.0
Programming Notes			83.6						83.6						96.4						96.4
Backlog Facility and Other			223.7						226.0						—						—
IP Credit Facility			140.8						143.8						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 March 31, 2023).

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 https://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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- References

No definition available.

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X

- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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