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Noncontrolling Interests (Tables)
6 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Schedule of Changes in Redeemable Noncontrolling Interest
The table below presents the reconciliation of changes in redeemable noncontrolling interests:
 
    
Six Months Ended

September 30,
 
    
2024
    
2023
 
    
(Amounts in millions)
 
Beginning balance
  
$
123.3
    
$
343.6
 
Net loss attributable to redeemable noncontrolling interests
    
(1.3
    
(3.3
Adjustments to redemption value
    
0.6
      
71.0
 
Cash distributions
    
0.5
      
(0.6
Purchase of noncontrolling interest
    
(23.4
    
(0.6
  
 
 
    
 
 
 
Ending balance
  
$
99.7
    
$
410.1
 
  
 
 
    
 
 
 
The table below presents the reconciliation of changes in redeemable noncontrolling interests:
 
    
Year Ended March 31,
 
    
2024
    
2023
    
2022
 
    
(Amounts in millions)
 
Beginning balance
   $ 343.6      $ 321.2      $ 219.1  
Net loss attributable to redeemable noncontrolling interests
     (14.9      (9.2      (17.7
Noncontrolling interests discount accretion
     —         13.2        22.7  
Adjustments to redemption value
     83.4        78.4        98.6  
Other
(1)
     (93.2      1.7        —   
Cash distributions
     (1.0      (6.6      (1.5
Purchase of noncontrolling interest
     (194.6      (55.1      —   
  
 
 
    
 
 
    
 
 
 
Ending balance
   $ 123.3      $ 343.6      $ 321.2  
  
 
 
    
 
 
    
 
 
 
 
(1)
In fiscal 2024, amounts represent the reclassification of a portion of the 3 Arts Entertainment redeemable noncontrolling interest from mezzanine equity to a liability, as further described below.