XML 55 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Outstanding

As of December 31, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 16 months from December 31, 2024):

December 31, 2024

Foreign Currency

Foreign Currency Amount

US Dollar Amount

Weighted Average Exchange Rate Per $1 USD

(Amounts in millions)

(Amounts in millions)

British Pound Sterling

0.2

GBP

in exchange for

$0.3

0.77

GBP

Czech Koruna

180.0

CZK

in exchange for

$7.7

23.29

CZK

Euro

13.9

EUR

in exchange for

$14.6

0.94

EUR

Canadian Dollar

8.5

CAD

in exchange for

$6.2

1.37

CAD

Mexican Peso

20.7

MXN

in exchange for

$1.0

20.43

MXN

Hungarian Forint

5,612.8

HUF

in exchange for

$15.0

373.74

HUF

New Zealand Dollar

2.7

NZD

in exchange for

$1.7

1.67

NZD

Designated Cash Flow Hedges. As of March 31, 2024, the Company had the following pay-fixed interest rate swaps, which were designated as cash flow hedges outstanding (all related to the Company's SOFR-based debt, see Note 6 and Note 7), and were terminated in December 2024, as further described below.

Designated Cash Flow Hedges at March 31, 2024:

Effective Date						Notional Amount						Fixed Rate Paid						Maturity Date
						(in millions)
May 23, 2018						$300.0						2.915%						March 24, 2025
May 23, 2018						$700.0						2.915%						March 24, 2025
June 25, 2018						$200.0						2.723%						March 23, 2025
July 31, 2018						$300.0						2.885%						March 23, 2025
December 24, 2018						$50.0						2.744%						March 23, 2025
December 24, 2018						$100.0						2.808%						March 23, 2025
December 24, 2018						$50.0						2.728%						March 23, 2025
Total						$1,700.0

Designated Cash Flow Hedges at December 31, 2024:

Effective Date

Notional Amount

Fixed Rate Paid

Maturity Date

(in millions)

August 15, 2024

$65.0

4.045%

September 15, 2026

August 15, 2024

$77.5

3.803%

August 15, 2026

August 15, 2024

$77.5

3.810%

September 15, 2026

December 15, 2024

$125.0

3.970%

December 15, 2026

Total

$345.0

Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income (Loss), Location And Effect

The following table presents the pre-tax effect of the Company's derivatives on the accompanying unaudited condensed consolidated statements of operations and comprehensive loss for the three and nine months ended December 31, 2024 and 2023:

			Three Months Ended												Nine Months Ended
			December 31,												December 31,
			2024						2023						2024						2023
			(Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts
Gain (loss) recognized in accumulated other comprehensive income (loss)			$	2.4					$	(4.3)					$	3.5					$	(7.3)
Loss reclassified from accumulated other comprehensive income (loss) into direct operating expense			$	(0.1)					$	(2.6)					$	(1.2)					$	(2.5)
Interest rate swaps
Gain (loss) recognized in accumulated other comprehensive income (loss)			$	1.6					$	(11.7)					$	(1.1)					$	24.7
Gain reclassified from accumulated other comprehensive income (loss) into interest expense			$	2.0					$	11.4					$	24.3					$	31.5
Derivatives not designated as cash flow hedges:
Interest rate swaps
Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense			$	1.4					$	(1.8)					$	(1.7)					$	(5.5)
Total direct operating expense on consolidated statements of operations			$	567.3					$	510.8					$	1,639.7					$	1,549.1
Total interest expense on consolidated statements of operations			$	69.1					$	67.1					$	212.2					$	192.9

Derivative Instruments by Balance Sheet Location

As of December 31, 2024 and March 31, 2024, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company's use of derivatives:

						December 31, 2024
						Other Current Assets						Other Non-Current Assets						Other Accrued Liabilities (current)
						(Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts						$	1.9					$	—					$	—
Interest rate swaps						—						0.7						—
Fair value of derivatives						$	1.9					$	0.7					$	—

						March 31, 2024
						Other Current Assets												Other Accrued Liabilities (current)
						(Amounts in millions)
Derivatives designated as cash flow hedges:
Forward exchange contracts						$	—											$	2.8
Interest rate swaps						35.6												—
Fair value of derivatives						$	35.6											$	2.8

X

- Definition

Tabular disclosure of (1) the location and amount of gains and losses reported in the statement of financial performance for derivative instruments not designated as hedging activities (2) the effective portion of the gains and losses on derivative instruments designated as hedging activities recognized in other comprehensive income (loss) during the period and (3) the amount and location of the amount reclassified from accumulated other comprehensive income (loss) during the period to the statement of financial performance.

+ References

No definition available.

+ Details

Name:	lgfa_ScheduleofDerivativeInstrumentsStatementsofFinancialPerformanceAndComprehensiveIncomeLocationAndEffectTableTextBlock
Namespace Prefix:	lgfa_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 815
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration