Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Required to be Carried at Fair Value on a Recurring Basis

The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of September 30, 2020 and March 31, 2020:

	September 30, 2020						March 31, 2020
	Level 1		Level 2		Total		Level 1		Level 2		Total
Assets:	(Amounts in millions)
Available-for-sale equity securities	$	1.4	$	—	$	1.4	$	0.6	$	—	$	0.6
Forward exchange contracts (see Note 16)	—		0.4		0.4		—		0.6		0.6
Liabilities:
Forward exchange contracts (see Note 16)	—		(0.7)		(0.7)		—		(0.9)		(0.9)
Interest rate swaps (see Note 16)	—		(31.1)		(31.1)		—		(187.9)		(187.9)

Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis

The following table sets forth the carrying values and fair values of the Company’s outstanding debt at September 30, 2020 and March 31, 2020:

	September 30, 2020				March 31, 2020
	(Amounts in millions)
	Carrying Value		Fair Value		Carrying Value		Fair Value
			(Level 2)				(Level 2)
Liabilities(1):
Term Loan A	$	675.6	$	651.9	$	699.8	$	637.7
Term Loan B	947.8		934.9		952.9		845.7
5.875% Senior Notes	505.4		496.7		504.0		430.5
6.375% Senior Notes	540.0		538.8		539.2		452.9
Production loans	155.2		155.2		151.3		151.3
Financing component of interest rate swaps	161.5		161.3		—		—

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(1)The Company measures the fair value of its outstanding debt using discounted cash flow techniques that use observable market inputs, such as LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements).