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Debt and Credit Facility (Tables)
 9 Months Ended
Dec. 31, 2018
Convertible Debt [Abstract]  
Schedule of debt obligations included in balance sheets
Debt obligations included in the condensed consolidated balance sheets consisted of the following (in millions):
 
 
Coupon Interest Rate
 
Effective Interest Rate
 
Fair Value of Liability Component at Issuance (1)
 
 
 
 
 
 
 
December 31, 2018
 
March 31, 2018
Senior Secured Indebtedness
 
 
 
 
 
 
Revolving Credit Facility
 
 
 
 
 
 
 
$
2,742.5

 
$
—

Term Loan Facility
 

 

 
 
 
2,713.0

 
—

2023 Notes, maturing June 1, 2023 ("2023 Notes")
 
4.333%
 

 
 
 
1,000.0

 
—

2021 Notes, maturing June 1, 2021 ("2021 Notes")
 
3.922%
 

 
 
 
1,000.0

 
—

Total Senior Secured Indebtedness
 
 
 
 
 
 
 
7,455.5

 
—

Senior Subordinated Convertible Debt - Principal Outstanding
 
 
 
 
 
 
2017 Senior Debt, maturing February 15, 2027 (2017 Senior Convertible Debt)
 
1.625%
 
6.0%
 
$1,396.3
 
$
2,070.0

 
$
2,070.0

2015 Senior Debt, maturing February 15, 2025 (2015 Senior Convertible Debt)
 
1.625%
 
5.9%
 
$1,160.1
 
1,725.0

 
1,725.0

Junior Subordinated Convertible Debt - Principal Outstanding
 
 
 
 
 
 
2017 Junior Debt, maturing February 15, 2037 (2017 Junior Convertible Debt)
 
2.250%
 
7.4%
 
$321.1
 
686.3

 
686.3

Total Convertible Debt
 
 
 
 
 
 
 
4,481.3

 
4,481.3

 
 
 
 
 
 
 
 
 
 
 
Gross long-term debt including current maturities
 
 
 
 
 
 
 
11,936.8

 
4,481.3

Less: Debt discount (2)
 
 
 
 
 
 
 
(1,298.0
)
 
(1,372.9
)
Less: Debt issuance costs (3)
 
 
 
 
 
 
 
(96.5
)
 
(40.1
)
Net long-term debt including current maturities
 
 
 
 
 
 
 
10,542.3

 
3,068.3

Less: Current maturities (4)
 
 
 
 
 
 
 
—

 
(1,309.9
)
Net long-term debt
 
 
 
 
 
 
 
$
10,542.3

 
$
1,758.4

 
 
 
 
 
 
 
 
 
 
 
(1) As each of the convertible instruments may be settled in cash upon conversion, for accounting purposes, they were bifurcated into a liability component and an equity component, which are both initially recorded at fair value.  The amount allocated to the equity component is the difference between the principal value of the instrument and the fair value of the liability component at issuance.  The resulting debt discount is being amortized to interest expense at the respective effective interest rate over the contractual term of the debt.
Schedule of unamortized discount and debt issuance costs
(2) The unamortized discount includes the following (in millions):  
 
December 31,
 
March 31,
 
2018
 
2018
2023 Senior Secured Notes
$
(4.7
)
 
$
—

2021 Senior Secured Notes
(4.3
)
 
—

2017 Senior Convertible Debt
(575.7
)
 
(616.3
)
2015 Senior Convertible Debt
(363.9
)
 
(400.3
)
2017 Junior Convertible Debt
(349.4
)
 
(356.3
)
Total unamortized discount
$
(1,298.0
)
 
$
(1,372.9
)
(3) Debt issuance costs include the following (in millions):
 
December 31,
 
March 31,
 
2018
 
2018
Senior Credit Facility
$
(15.6
)
 
$
(5.9
)
Term Loan Facility
(28.7
)
 
—

2023 Senior Secured Notes
(10.8
)
 
—

2021 Senior Secured Notes
(9.8
)
 
—

2017 Senior Convertible Debt
(15.0
)
 
(16.1
)
2015 Senior Convertible Debt
(13.3
)
 
(14.8
)
2017 Junior Convertible Debt
(3.3
)
 
(3.3
)
Total debt issuance costs
$
(96.5
)
 
$
(40.1
)

(4) As of March 31, 2018, the 2015 Senior Debt was convertible and included within current maturities. As of December 31, 2018, the 2015 Senior Debt was not convertible and included within long-term debt.
Schedule of long-term debt maturities
Expected maturities relating to the Company’s long-term debt as of December 31, 2018 are as follows (in millions):
Fiscal year ending March 31,
 
Expected Maturities
2019
 
$
—

2020
 
—

2021
 
—

2022
 
1,000.0

2023
 
—

Thereafter
 
10,936.8

Total
 
$
11,936.8
Schedule of convertible debt
The following table sets forth the applicable Conversion Rates adjusted for dividends declared since issuance of such series of Convertible Debt and the applicable Incremental Share Factors and Maximum Conversion Rates as adjusted for dividends paid since the applicable issuance date:
 
Dividend adjusted rates as of December 31, 2018
 
Conversion Rate, adjusted
 
Approximate Conversion Price, adjusted
 
Incremental Share Factor, adjusted
 
Maximum Conversion Rate, adjusted
2017 Senior Convertible Debt
10.2510

 
$
97.55

 
5.1255

 
14.6078

2015 Senior Convertible Debt
15.9858

 
$
62.56

 
7.9929

 
22.3801

2017 Junior Convertible Debt
10.4341

 
$
95.84

 
5.2171

 
14.6078

The following is the weighted average conversion price per share used in calculating the dilutive effect (See Note 13 for details on the convertible debt):
 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
 
2018
 
2017
 
2018
 
2017
2007 Junior Convertible Debt (1)
$
—

 
$
23.49

 
$
—

 
$
23.59

2015 Senior Convertible Debt
$
62.72

 
$
63.80

 
$
63.00

 
$
64.07

2017 Senior Convertible Debt
$
97.81

 
$
99.50

 
$
98.25

 
$
99.92

2017 Junior Convertible Debt
$
96.10

 
$
97.75

 
$
96.53

 
$
98.16

(1) No longer outstanding as of December 31, 2017.
Schedule of interest expense
Interest expense includes the following (in millions):
 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
 
2018
 
2017
 
2018
 
2017
Debt issuance amortization
$
3.6

 
$
0.7

 
$
9.4

 
$
2.3

Debt discount amortization

0.7

 
—

 
1.5

 
—

Interest expense
84.2

 
1.6

 
201.9

 
5.0

Total interest expense on Senior Secured Indebtedness
88.5

 
2.3

 
212.8

 
7.3

Debt issuance amortization
0.9

 
0.9

 
2.7

 
2.7

Debt discount amortization
28.3

 
26.7

 
83.7

 
79.0

Coupon interest expense
19.3

 
19.3

 
57.8

 
58.1

Total interest expense on Convertible Debt
48.5

 
46.9

 
144.2

 
139.8

Other interest expense
0.6

 
0.5

 
9.7

 
1.6

Total interest expense
$
137.6

 
$
49.7

 
$
366.7

 
$
148.7