Noncontrolling Interests (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2024

Mar. 31, 2024

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.

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	)		(4.4	)
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		$	409.1

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.