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Noncontrolling Interests (Tables)
 9 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Schedule of Changes in Redeemable Noncontrolling Interest
The table below presents the reconciliation of changes in redeemable noncontrolling interests:
 
Nine Months Ended
December 31,
2024
2023
(Amounts in millions)
Beginning balance
   
$
123.3
     
$
343.6
  
Net loss attributable to redeemable noncontrolling interests
     
(1.6
)
 
     
(7.3
)
 
Adjustments to redemption value
     
0.9
       
71.5
  
Cash contributions (distributions)
     
0.5
       
(1.0
)
Purchase of noncontrolling interest
     
(23.4
)
     
(0.6
)
  
 
 
     
 
 
  
Ending balance
   
$
99.7
     
$
406.2
  
  
 
 
     
 
 
  
The table below presents the reconciliation of changes in redeemable noncontrolling interests:
 
    
Year Ended March 31,
  
    
2024
     
2023
     
2022
  
    
(Amounts in millions)
  
Beginning balance
    $ 343.6      $ 321.2      $ 219.1  
Net loss attributable to redeemable noncontrolling interests
      (14.9 )       (9.2 )       (17.7 ) 
Noncontrolling interests discount accretion
      —         13.2        22.7  
Adjustments to redemption value
      83.4        78.4        98.6  
Other
(1)
      (93.2 )       1.7        —   
Cash distributions
      (1.0 )       (6.6 )       (1.5 ) 
Purchase of noncontrolling interest
      (194.6 )       (55.1 )       —   
  
 
 
     
 
 
     
 
 
  
Ending balance
    $ 123.3      $ 343.6      $ 321.2  
  
 
 
     
 
 
     
 
 
  
 
(1)
In fiscal 2024, amounts represent the reclassification of a portion of the 3 Arts Entertainment redeemable noncontrolling interest from mezzanine equity to a liability, as further described below.