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Leases (Tables)

12 Months Ended

Mar. 31, 2020



	March 31, 2020
Weighted average remaining lease term (in years):
Operating leases	6.1
Finance leases	21.6

Weighted average discount rate:
Operating leases	4.10	%
Finance leases	6.40	%

The components of lease cost were as follows:



	Year Ended
	March 31,
	2020
	(Amounts in millions)
Operating lease cost⁽¹⁾	$	35.3

Finance lease cost
Amortization of right-of-use assets	3.0
Interest on lease liabilities	3.4
Total finance lease cost	6.4

Short-term lease cost⁽¹⁾⁽²⁾	93.3
Total lease cost	$	135.0

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(1)	Amounts include costs capitalized during the period for leased assets used in the production of film and television programs. Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other amortization” line of the consolidated statement of cash flows.

(2)

Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions.

Supplemental cash flow information related to leases was as follows:



	Year Ended
	March 31,
	2020
	(Amounts in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	37.1
Operating cash flows for finance leases	3.4
Financing cash flows for finance leases	3.0

Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	8.3

Supplemental balance sheet information related to leases was as follows:



Category	Balance Sheet Location	March 31, 2020
Operating Leases		(Amounts in millions)
Right-of-use assets	Other assets - non-current	$	136.9

Lease liabilities (current)	Accounts payable and accrued liabilities	$	35.3
Lease liabilities (non-current)	Other liabilities - non-current	129.6
		$	164.9
Finance Leases
Right-of-use assets	Property and equipment, net	$	46.4

Lease liabilities (current)	Debt - short-term portion	$	3.0
Lease liabilities (non-current)	Debt - non-current	39.4
		$	42.4

The expected future payments relating to the Company's operating and finance lease liabilities at March 31, 2020 are as follows:

The expected future payments relating to the Company's operating and finance lease liabilities at March 31, 2020 are as follows: