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Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2024

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, 2024 and March 31, 2024:

			June 30, 2024																		March 31, 2024
			Level 1						Level 2						Total						Level 1						Level 2						Total
Assets:			(Amounts in millions)
Interest rate swaps (see Note 17)			$	—					$	28.1					$	28.1					$	—					$	35.6					$	35.6
Liabilities:
Forward exchange contracts (see Note 17)			—						(1.6)						(1.6)						—						(2.8)						(2.8)

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 and film related obligations at June 30, 2024 and March 31, 2024:

			June 30, 2024												March 31, 2024
			(Amounts in millions)
			Carrying Value						Fair Value(1)						Carrying Value						Fair Value(1)
									(Level 2)												(Level 2)
Term Loan A			$	312.6					$	312.9					$	396.6					$	397.3
Term Loan B			603.9						604.3						816.9						818.1
5.5% Senior Notes			697.4						547.9						696.6						536.2
Production Loans			1,301.2						1,306.4						1,286.2						1,292.2
Production Tax Credit Facility			259.1						260.0						258.7						260.0
Programming Notes			53.8						53.8						—						—
Backlog Facility and Other			309.7						313.0						285.4						287.3
IP Credit Facility			98.5						100.6						107.6						109.9

________________

(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 SOFR-based yield curves, swap rates, and credit ratings (Level 2 measurements).

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
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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