LEASES (Tables)

12 Months Ended

Mar. 31, 2023

Schedule of Lease Costs and Supplemental Information

Information related to our operating leases are as follows:


	Fiscal Year Ended March 31,
	2023		2022		2021
Lease costs
Operating lease costs	$	109.8	$	46.3	$	37.3
Short term lease costs	4.1		1.4		1.1

As part of our acquisition of Zynga (refer to Note 20 - Acquisitions), we recognized an ROU asset related to Zynga's office space lease in San Francisco, which is available for sublease and not currently used by us. Due to the continued deterioration of the sublease market, unsuccessful negotiations with a potential sub-tenant, and our decision to change our sublease marketing strategy, we recognized a $30.0 impairment loss related to the ROU asset during the fourth quarter of fiscal year 2023, which is included in General and administrative expense within our Consolidated Statement of Operations and in the Operating lease costs in the table above.

The fair value of the San Francisco Office was estimated using a risk-adjusted, discounted cash flow model with Level 3 inputs. The significant assumptions used in estimating the fair value included the projected sublease income over the remaining lease term, expected downtime prior to the commencement of future subleases, expected rent concessions offered to future tenants and discount rates that reflected the level of risk associated with these future cash flows.


	Fiscal Year Ended March 31,
	2023		2022		2021
Supplemental operating cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$	55.9	$	32.8	$	35.5
ROU assets obtained in exchange for lease obligations	145.3		74.0		34.6


	Fiscal Year Ended March 31,
	2023		2022		2021
Weighted average information
Remaining lease term	8.93 years		10.09 years		8.61 years
Discount rate	4.33	%	4.29	%	4.91	%

Schedule of Operating Lease Liability Maturities

Future undiscounted lease payments for our operating lease liabilities, and a reconciliation of these payments to our operating lease liabilities at March 31, 2023, are as follows:


For the years ending March 31,
2024	$	67.5
2025	70.1
2026	52.8
2027	48.4
2028	45.7
Thereafter	201.3
Total future lease payments	$	485.8
Less imputed interest	(78.6)
Total lease liabilities	$	407.2