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Film Obligations and Production Loans
 9 Months Ended
Dec. 31, 2016
Film Obligations And Production Loans [Abstract]  
Film Obligations and Production Loans
Film Obligations and Production Loans
 
 
December 31,
2016
 
March 31,
2016
 
(Amounts in millions)
Film obligations
$
122

 
$
25

Production loans
298

 
690

Total film obligations and production loans
420

 
715

Unamortized debt issuance costs
(1
)
 
—

Total film obligations and production loans, net
419

 
715

Less current portion
(257
)
 
(663
)
Total non-current film obligations and production loans
$
162

 
$
52



The following table sets forth future annual repayment of film obligations and production loans as of December 31, 2016:
 
 
Three Months Ending
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31,
 
Year Ended March 31,
 
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
 
Total
 
(Amounts in millions)
Film obligations
$
61

 
$
26

 
$
11

 
$
14

 
$
4

 
$
7

 
$
123

Production loans
37

 
232

 
29

 
—

 
—

 
—

 
298

 
$
98

 
$
258

 
$
40

 
$
14

 
$
4

 
$
7

 
$
421

Less imputed interest on film obligations and debt issuance costs on production loans
 
 
 
 
 
 
 
 
 
 
 
 
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
$
419


Film Obligations
Film obligations include minimum guarantees and accrued licensed program rights obligations, which represent amounts payable for film rights that the Company has acquired and certain theatrical marketing obligations for amounts received from third parties that are contractually committed for theatrical marketing expenditures associated with specific titles.
Production Loans
Production loans represent individual loans for the production of film and television programs that the Company produces. The majority of production loans have contractual repayment dates either at or near the expected completion date, with the exception of certain loans containing repayment dates on a longer term basis, and incur interest at rates ranging from 3.69% to 3.98%.