DXC Technology (DXC) 10-Q 5 Aug 21 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-38033
Entity Registrant Name	DXC Technology Co
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	61-1800317
Entity Address, Address Line One	1775 Tysons Boulevard
Entity Address, City or Town	Tysons
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
City Area Code	703
Local Phone Number	245-9675
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		251,904,242
Entity Central Index Key	0001688568
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	DXC
Security Exchange Name	NYSE
Senior Notes Due 2025
Entity Information [Line Items]
Title of 12(b) Security	2.750% Senior Notes Due 2025
Trading Symbol	DXC 25
Security Exchange Name	NYSE
Senior Notes Due 2026
Entity Information [Line Items]
Title of 12(b) Security	1.750% Senior Notes Due 2026
Trading Symbol	DXC 26
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenues	$ 4,141	$ 4,502
Costs of services (excludes depreciation and amortization and restructuring costs)	3,255	3,629
Selling, general and administrative (excludes depreciation and amortization and restructuring costs)	383	539
Depreciation and amortization	422	492
Restructuring costs	67	72
Interest expense	62	106
Interest income	(20)	(23)
Debt extinguishment costs	28	0
Gain on disposition of businesses	(377)	0
Other income, net	(103)	(88)
Total costs and expenses	3,717	4,727
Income (loss) before income taxes	424	(225)
Income tax expense (benefit)	142	(26)
Net income (loss)	282	(199)
Less: net income attributable to non-controlling interest, net of tax	4	6
Net income (loss) attributable to DXC common stockholders	$ 278	$ (205)
Income (loss) per common share:
Basic (in dollars per share)	$ 1.09	$ (0.81)
Diluted (in dollars per share)	$ 1.07	$ (0.81)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 282	$ (199)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax benefit of $2 and $7	(112)	(3)
Cash flow hedges adjustments, net of tax expense of $0 and $3	(1)	11
Available-for-sale securities, net of tax expense of $0 and $0	0	4
Pension and other post-retirement benefit plans, net of tax:
Amortization of prior service cost, net of tax benefit of $0 and $1	(2)	(9)
Pension and other post-retirement benefit plans, net of tax	(2)	(9)
Other comprehensive (loss) income, net of taxes	(115)	3
Comprehensive income (loss)	167	(196)
Less: comprehensive income (loss) attributable to non-controlling interest	13	5
Comprehensive income (loss) attributable to DXC common stockholders	$ 154	$ (201)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax benefit	$ 2	$ 7
Cash flow hedges adjustments, tax expense	0	3
Tax expense related to available-for-sale securities	0	0
Amortization of prior service cost, tax benefit	$ 0	$ 1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,460	$ 2,968
Receivables and contract assets, net of allowance of $84 and $91	4,081	4,156
Prepaid expenses	659	567
Other current assets	341	517
Total current assets	7,541	8,208
Intangible assets, net of accumulated amortization of $4,634 and $4,422	3,888	4,043
Operating right-of-use assets, net	1,299	1,366
Goodwill	639	641
Deferred income taxes, net	238	289
Property and equipment, net of accumulated depreciation of $4,120 and $4,121	2,841	2,946
Other assets	4,421	4,545
Total Assets	20,867	22,038
Current liabilities:
Short-term debt and current maturities of long-term debt	817	1,167
Accounts payable	857	914
Accrued payroll and related costs	746	698
Current operating lease liabilities	413	418
Accrued expenses and other current liabilities	3,060	3,476
Deferred revenue and advance contract payments	1,032	1,079
Income taxes payable	481	398
Total current liabilities	7,406	8,150
Long-term debt, net of current maturities	4,116	4,345
Non-current deferred revenue	598	622
Non-current operating lease liabilities	971	1,038
Non-current income tax liabilities and deferred tax liabilities	771	854
Other long-term liabilities	1,619	1,721
Total Liabilities	15,481	16,730
Commitments and contingencies
DXC stockholders’ equity:
Preferred stock, par value $0.01 per share, 1,000,000 shares authorized, none issued as of June 30, 2021 and March 31, 2021	0	0
Common stock, par value $0.01 per share, 750,000,000 shares authorized, 256,681,401 issued as of June 30, 2021 and 257,052,533 issued as of March 31, 2021	3	3
Additional paid-in capital	10,713	10,761
Accumulated deficit	(5,045)	(5,331)
Accumulated other comprehensive loss	(426)	(302)
Treasury stock, at cost, 2,697,498 and 2,458,027 shares as of June 30, 2021 and March 31, 2021	(168)	(158)
Total DXC stockholders’ equity	5,077	4,973
Non-controlling interest in subsidiaries	309	335
Total Equity	5,386	5,308
Total Liabilities and Equity	$ 20,867	$ 22,038

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 84	$ 91
Intangible assets, accumulated amortization	4,634	4,422
Property and equipment, accumulated depreciation	$ 4,120	$ 4,121
DXC stockholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	750,000,000	750,000,000
Common stock, issued (in shares)	256,681,401	257,052,533
Treasury shares (in shares)	2,697,498	2,458,027

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 282	$ (199)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	427	496
Operating right-of-use expense	130	156
Pension & other post-employment benefits, actuarial & settlement losses	0	2
Share-based compensation	25	16
Deferred taxes	(25)	0
(Gain) loss on dispositions	(414)	4
Provision for losses on accounts receivable	(3)	35	$ 53
Unrealized foreign currency exchange gain	(8)	(11)
Debt extinguishment costs	28	0
Other non-cash charges, net	3	7
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Decrease (increase) in assets	26	(100)
Decrease in operating lease liability	(130)	(156)
Decrease in other liabilities	(370)	(131)
Net cash (used in) provided by operating activities	(29)	119
Cash flows from investing activities:
Purchases of property and equipment	(98)	(95)
Payments for transition and transformation contract costs	(55)	(82)
Software purchased and developed	(122)	(48)
Payments for acquisitions, net of cash acquired	0	(10)
Business dispositions	513	0
Cash collections related to deferred purchase price receivable	0	159
Proceeds from sale of assets	67	6
Other investing activities, net	6	9
Net cash provided by (used in) investing activities	311	(61)
Cash flows from financing activities:
Borrowings of commercial paper	216	748
Repayments of commercial paper	(194)	(317)
Borrowings under lines of credit	0	2,500
Repayment of borrowings under lines of credit	0	(750)
Borrowings on long-term debt	19	993
Principal payments on long-term debt	(352)	(1,084)
Payments on finance leases and borrowings for asset financing	(494)	(245)
Proceeds from stock options and other common stock transactions	9	0
Taxes paid related to net share settlements of share-based compensation awards	(11)	(3)
Payments for debt extinguishment costs	(28)	0
Repurchase of common stock and advance payment for accelerated share repurchase	(48)	0
Dividend payments	0	(53)
Other financing activities, net	17	(3)
Net cash (used in) provided by financing activities	(866)	1,786
Effect of exchange rate changes on cash and cash equivalents	13	(14)
Net (decrease) increase in cash and cash equivalents including cash classified within current assets held for sale	(571)	1,830
Cash classified within current assets held for sale	63	0
Net (decrease) increase in cash and cash equivalents	(508)	1,830
Cash and cash equivalents at beginning of year	2,968	3,679	3,679
Cash and cash equivalents at end of period	$ 2,460	$ 5,509	$ 2,968

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock		Total DXC Equity	Non- Controlling Interest	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentAccumulated Deficit	Cumulative Effect, Period of Adoption, AdjustmentTotal DXC Equity
Beginning balance (in shares) at Mar. 31, 2020		255,674
Beginning balance at Mar. 31, 2020	$ 5,129	$ 3	$ 10,714	$ (5,177)	$ (603)	$ (152)		$ 4,785	$ 344	$ (4)	$ (4)	$ (4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(199)			(205)				(205)	6
Other comprehensive loss	3				4			4	(1)
Share-based compensation expense	15		15					15
Acquisition of treasury stock	(2)					(2)		(2)
Stock option exercises and other common stock transactions (in shares)		709
Stock option exercises and other common stock transactions	0							0
Ending balance (in shares) at Jun. 30, 2020		256,383
Ending balance at Jun. 30, 2020	4,942	$ 3	10,729	(5,386)	(599)	(154)		4,593	349
Beginning balance (in shares) at Mar. 31, 2021		257,053
Beginning balance at Mar. 31, 2021	5,308	$ 3	10,761	(5,331)	(302)	(158)	[1]	4,973	335
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	282			278				278	4
Other comprehensive loss	(115)				(124)			(124)	9
Share-based compensation expense	18		18					18
Acquisition of treasury stock	(10)					(10)	[1]	(10)
Share repurchase program (in shares)		(1,750)
Share repurchase program	(67)		(74)	7				(67)
Stock option exercises and other common stock transactions (in shares)		1,378
Stock option exercises and other common stock transactions	8		8					8
Non-controlling interest distributions and other	(38)			1				1	(39)
Ending balance (in shares) at Jun. 30, 2021		256,681
Ending balance at Jun. 30, 2021	$ 5,386	$ 3	$ 10,713	$ (5,045)	$ (426)	$ (168)	[1]	$ 5,077	$ 309
[1]	2,697,498 treasury shares as of June 30, 2021.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - shares	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Treasury shares (in shares)	2,697,498	2,458,027

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Business DXC Technology Company (“DXC,” the “Company,” “we,” “us,” or “our”) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the world’s largest companies trust DXC to deploy its enterprise technology stack to deliver new levels of performance, competitiveness and customer experiences. HPS Sale On April 1, 2021, DXC completed the sale of its healthcare provider software business (“HPS” or the “HPS Business”) to Dedalus Holding S.p.A. (“Dedalus”). The sale was accomplished by the cash purchase of all equity interests and assets attributable to the HPS Business for €468 million (approximately $551 million), subject to certain adjustments. See Note 4 – “Divestitures” for further information. HHS Sale On October 1, 2020, DXC completed the sale of its U.S. State and Local Health and Human Services business (“HHS” or the “HHS Business”) to Veritas Capital Fund Management, L.L.C. (“Veritas Capital”) to form Gainwell Technologies. The sale was accomplished by the cash purchase of all equity interests and assets attributable to the HHS Business together with future services to be provided by the Company for a total enterprise value of $5 billion, subject to net working capital adjustments and assumed liabilities. See Note 4 – “Divestitures” for further information. Basis of Presentation In order to make this report easier to read, DXC refers throughout to (i) the interim unaudited Condensed Consolidated Financial Statements as the “financial statements,” (ii) the Condensed Consolidated Statements of Operations as the “statements of operations,” (iii) the Condensed Consolidated Statements of Comprehensive Income (Loss) as the “statements of comprehensive income,” (iv) the Condensed Consolidated Balance Sheets as the “balance sheets,” and (v) the Condensed Consolidated Statements of Cash Flows as the “statements of cash flows.” In addition, references throughout to numbered “Notes” refer to the numbered Notes in these Notes to Condensed Consolidated Financial Statements, unless otherwise noted. The accompanying financial statements include the accounts of DXC, its consolidated subsidiaries, and those business entities in which DXC maintains a controlling interest. Investments in business entities in which the Company does not have control, but has the ability to exercise significant influence over operating and financial policies, are accounted for by the equity method. Other investments are accounted for by the cost method. Non-controlling interests are presented as a separate component within equity in the balance sheets. Net earnings attributable to the non-controlling interests are presented separately in the statements of operations and comprehensive income attributable to non-controlling interests are presented separately in the statements of comprehensive income. All intercompany transactions and balances have been eliminated. Certain amounts reported in the previous year have been reclassified to conform to the current year presentation. The financial statements of the Company have been prepared in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports and accounting principles generally accepted in the United States (“GAAP”). Certain disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules. These financial statements should therefore be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021 (“fiscal 2021”).

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements During the three months ended June 30, 2021, DXC adopted the following Accounting Standards Update (“ASU”) issued by the Financial Accounting Standards Board: Date Issued and ASU Date Adopted and Method Description Impact December 2019 ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” April 1, 2021 This update is intended to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The transition method (retrospective, modified retrospective, or prospective basis) related to the amendments depends on the applicable guidance, and all amendments for which there is no transition guidance specified are applied on a prospective basis. The Company determined that this standard had no material impact to its condensed consolidated financial statements following adoption. The following ASU was recently issued but has not yet been adopted by DXC: Date Issued and ASU DXC Effective Date Description Impact July 2021 ASU 2021-05, “Leases (Topic 842): Lessors–Certain Leases with Variable Lease Payments” April 1, 2022 The amendments in this update modify lease classification requirements for lessors, providing that lease contracts with variable lease payments that do not depend on a reference index or a rate should be classified as operating leases if they would have been classified as a sales-type or direct financing lease and resulted in the recognition of a selling loss at lease commencement. The Company is currently evaluating the potential impact this standard may have on its financial statements in future reporting periods. Other recently issued ASUs effective after June 30, 2021 are not expected to have a material effect on DXC’s consolidated financial statements.

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Fiscal 2021 Acquisitions AXA Bank Germany Acquisition On January 1, 2021, DXC completed the acquisition of AXA Bank Germany (“AXA Bank”), a German retail bank, from AXA Group for the total consideration of $101 million. In connection with its acquisition of AXA Bank, DXC received cash of $294 million which included customer deposit liabilities totaling $197 million. DXC recorded goodwill associated with the acquisition of AXA Bank totaling $2 million.

Divestitures

Divestitures	3 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures Fiscal 2022 Divestitures HPS Sale On April 1, 2021, DXC completed the sale of its HPS Business to Dedalus for €468 million (approximately $551 million), which includes €10 million (approximately $12 million) related to future services to be provided by the Company. The sale proceeds were used to repay the remainder of two series of 4.45% senior notes due fiscal 2023 for $154 million and $165 million. The HPS Sale resulted in a pre-tax gain on sale of $341 million, net of closing costs. The sale price is subject to adjustment based on changes in actual closing net working capital. Final potential working capital adjustments are pending. The following is a summary of the assets and liabilities distributed as part of the HPS Sale on April 1, 2021: (in millions) As of April 1, 2021 Assets: Cash and cash equivalents $ 34 Accounts receivable, net 62 Prepaid expenses 6 Total current assets 102 Intangible assets, net 101 Operating right-of-use assets, net 3 Goodwill 81 Deferred income taxes, net 62 Property and equipment, net 4 Other assets 15 Total non-current assets 266 Total assets $ 368 Liabilities: Accounts payable $ 4 Accrued payroll and related costs 7 Current operating lease liabilities 1 Accrued expenses and other current liabilities 14 Deferred revenue and advance contract payments 45 Total current liabilities 71 Non-current deferred revenue 10 Long-term operating lease liabilities 2 Other long-term liabilities 3 Total long-term liabilities 15 Total liabilities $ 86 During the first quarter of fiscal 2022, the Company sold some insignificant businesses that resulted in a gain of $49 million. This was partially offset by $13 million in sales price adjustments related to prior year dispositions, which resulted from changes in estimated net working capital. Fiscal 2021 Divestitures HHS Sale On October 1, 2020, DXC completed the sale of its HHS Business to Veritas Capital. The sale was accomplished by the cash purchase of all equity interests and assets attributable to the HHS Business for a total enterprise value of $5.0 billion (including $85 million related to future services to be provided by the Company). As part of the sale of the HHS business, $272 million of repurchased receivables, previously sold under the Milano Receivables Facility (“Milano Facility”) (see Note 6 – “Receivables” to the financial statements), $12 million of prepaid maintenance, and $48 million of software licenses were transferred to the HHS Business. DXC made payment for these assets during the third quarter of fiscal 2021. The repurchase of receivables and payment on prepaid maintenance are reported as operating cash outflows, and the payment for software license is considered an investing cash outflow. The HHS Sale resulted in a pre-tax gain on sale of $2,014 million, net of closing costs. The sale price is subject to adjustment based on changes in actual closing net working capital. Final potential working capital adjustments are pending. Approximately $3.5 billion of the sale proceeds were used to prepay debt. DXC’s post-divestiture relationship with the HHS Business is governed by the Purchase Agreement, which provides for the allocation of assets, employees, liabilities and obligations (including property, employee benefits, litigation, and tax-related assets and liabilities) between DXC and the HHS Business attributable to periods prior to, at and after the divestment. In addition, DXC and the HHS Business have service and commercial contracts that generally extend through fiscal 2023. The divestment of the HHS Business, reported as part of the GBS segment, did not meet the requirements for presentation as discontinued operations as it did not represent a strategic shift that would have a major effect on DXC’s operations and financial results and was included in income prior to its divestment. The following is a summary of the assets and liabilities distributed as part of the HHS Sale on October 1, 2020: (in millions) As of October 1, 2020 Assets: Cash and cash equivalents $ 8 Accounts receivable, net 295 Prepaid expenses 39 Other current assets 2 Total current assets 344 Intangible assets, net 1,308 Operating right-of-use assets, net 74 Goodwill 1,354 Property and equipment, net 46 Other assets 54 Total non-current assets 2,836 Total assets $ 3,180 Liabilities: Accounts payable $ 79 Accrued payroll and related costs 13 Current operating lease liabilities 27 Accrued expenses and other current liabilities 36 Deferred revenue and advance contract payments 20 Total current liabilities 175 Non-current deferred revenue 32 Long-term operating lease liabilities 48 Other long term liabilities 2 Total long-term liabilities 82 Total liabilities $ 257 During fiscal 2021, the Company sold some insignificant businesses that resulted in a net loss of $10 million.

Earnings (Loss) per Share

Earnings (Loss) per Share	3 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings (loss) per share (“EPS”) is computed using the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the incremental shares issuable upon the assumed exercise of stock options and equity awards. The following table reflects the calculation of basic and diluted EPS: Three Months Ended (in millions, except per-share amounts) June 30, 2021 June 30, 2020 Net income (loss) attributable to DXC common shareholders: $ 278 $ (205) Common share information: Weighted average common shares outstanding for basic EPS 254.67 253.63 Dilutive effect of stock options and equity awards 5.65 — Weighted average common shares outstanding for diluted EPS 260.32 253.63 Earnings (Loss) per share: Basic $ 1.09 $ (0.81) Diluted $ 1.07 $ (0.81) Certain share-based equity awards were excluded from the computation of dilutive EPS because inclusion of these awards would have had an anti-dilutive effect. The number of awards excluded were as follows: Three Months Ended June 30, 2021 June 30, 2020 (1) Stock Options 529,216 1,749,189 Restricted Stock Units 759,922 3,149,436 Performance Stock Units 393,802 233,762 (1)

Receivables

Receivables	3 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Receivables	Receivables Allowance for Doubtful Accounts The Company calculates expected credit losses for trade accounts receivable based on historical credit loss rates for each aging category as adjusted for the current market conditions and forecasts about future economic conditions. The following table presents the activity in allowances against trade accounts receivables: As of (in millions) June 30, 2021 March 31, 2021 Beginning balance $ 91 $ 74 Impact of adoption of the Credit Loss Standard — 4 (Reversals) provisions for expected credit losses (3) 53 Other adjustments to allowance and write off’s (4) (40) Ending balance $ 84 $ 91 Receivables Facility The Company has an accounts receivable sales facility (as amended, restated, supplemented or otherwise modified as of June 30, 2021, the “Receivables Facility”) with certain unaffiliated financial institutions (the “Purchasers”) for the sale of commercial accounts receivable in the United States. The Receivables Facility has a facility limit of $500 million as of June 30, 2021. Under the Receivables Facility, certain of the Company’s subsidiaries (the “Sellers”) sell accounts receivable to DXC Receivables LLC (“Receivables SPV”), a wholly owned bankruptcy-remote entity, in a true sale. Receivables SPV subsequently sells certain of the receivables in their entirety to the Purchasers pursuant to a receivables purchase agreement. The financial obligations of Receivables SPV to the Purchasers under the Receivables Facility are limited to the assets it owns with non-recourse to the Company. Sales of receivables by Receivables SPV occur continuously and are settled on a monthly basis. On July 30, 2021, Receivables SPV amended the Receivables Facility (the “Amendment”) to decrease the facility limit from $500 million to $400 million and extend the termination date to July 29, 2022. The amount available under the Receivables Facility fluctuates over time based on the total amount of eligible receivables generated during the normal course of business after deducting excess concentrations. As of June 30, 2021, the total availability under the Receivables Facility was $380 million, and the amount sold to the Purchasers was $350 million, which was derecognized from the Company’s balance sheet. As of June 30, 2021, the Company recorded a $30 million receivable within accounts receivable because the amount of cash proceeds received by the Company under the Receivables Facility was less than the total availability. The Receivables Facility is scheduled to terminate on July 29, 2022, but provides for one or more optional one-year extensions, if agreed to by the Purchasers. The Company uses the proceeds from Receivables SPV’s sale of receivables under the Receivables Facility for general corporate purposes. The fair value of the sold receivables approximated book value due to the short-term nature, and as a result, no gain or loss on sale of receivables was recorded. While the Company guarantees certain non-financial performance obligations of the Sellers, the Purchasers bear customer credit risk associated with the receivables sold under the Receivables Facility and have recourse in the event of credit-related customer non-payment solely to the assets of the Receivables SPV. Milano Receivables Facility On October 1, 2020, in connection with the consummation of the sale of the HHS Business, and at the direction of the purchaser of the HHS Business, the Milano Facility was terminated. For more information, refer to Note 4 – “Divestitures.” German Receivables Facility On October 1, 2019, the Company executed an accounts receivable securitization facility (the “DE Receivables Facility”) with certain unaffiliated financial institutions (the “DE Purchasers”) for the sale of commercial accounts receivable in Germany. On June 30, 2021, the Company terminated the agreement governing the DE Receivables Facility. In connection with the termination of the DE Receivables Facility, the Company repaid all outstanding obligations and fees thereunder. Under the DE Receivables Facility, certain of the Company’s subsidiaries organized in Germany (the “DE Sellers”) sold accounts receivable to DXC ARFacility Designated Activity Company (“DE Receivables SPV”), a trust-owned bankruptcy-remote entity, in a true sale. DE Receivables SPV subsequently sold certain of the receivables in their entirety to the DE Purchasers pursuant to a receivables purchase agreement. Sales of receivables by DE Receivables SPV occurred continuously and were settled on a monthly basis. During the first quarter of fiscal 2021, DE Receivables SPV amended the DE Receivables Facility. Under the terms of the DE Receivables Facility, there was no longer any deferred purchase price (“DPP”) for receivables as the entire purchase price is paid in cash when the receivables are sold to the DE Purchasers. Prior to the Amendment, DPPs were realized by DE Receivables SPV upon the ultimate collection of the underlying receivables sold to the DE Purchasers. Cash receipts on the DPPs were classified as cash flows from investing activities. The DPP balance was $102 million before the Amendment was executed. Upon execution of the Amendment, the Purchasers extinguished the DPP balance and returned title to the applicable underlying receivables to DE Receivables SPV. The DPP extinguishment was classified as a non-cash investing activity. See Note 19 – “Cash Flows” for additional information. The following table is a reconciliation of the beginning and ending balances of the DPP: (in millions) As of June 30, 2020 Beginning balance, as of April 1, 2020 $ 103 Transfers of receivables 417 Collections (420) Change in funding availability 2 Facility amendments (102) Ending balance $ —

Leases

Leases	3 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	Leases The Company has operating and finance leases for data centers, corporate offices, and certain equipment. Its leases have remaining lease terms of one one Operating Leases The components of lease expense were as follows: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Operating lease cost $ 130 $ 156 Short-term lease cost 11 15 Variable lease cost 18 8 Sublease income (9) (12) Total operating costs $ 150 $ 167 Cash payments made for variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and as such, are excluded from the supplemental cash flow information stated below. (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 130 $ 156 ROU assets obtained in exchange for operating lease liabilities (1) $ 52 $ 275 (1) Net of $242 million and $58 million in lease modifications and terminations during the first quarters of fiscal 2022 and 2021, respectively. See Note 19 – “Cash Flows” for further information on non-cash activities affecting cash flows. The following table presents operating lease balances: As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 ROU operating lease assets Operating right-of-use assets, net $ 1,299 $ 1,366 Operating lease liabilities Current operating lease liabilities $ 413 $ 418 Operating lease liabilities Non-current operating lease liabilities 971 1,038 Total operating lease liabilities $ 1,384 $ 1,456 The weighted-average operating lease term was 4.8 years and 4.9 years as of June 30, 2021 and March 31, 2021, respectively. The weighted-average operating lease discount rate was 3.7% and 3.8% as of June 30, 2021 and March 31, 2021, respectively. The following maturity analysis presents expected undiscounted cash payments for operating as of June 30, 2021: Fiscal Year (in millions) Remainder of 2022 2023 2024 2025 2026 Thereafter Total Operating lease payments $ 345 $ 374 $ 277 $ 201 $ 114 $ 209 $ 1,520 Less: imputed interest (136) Total operating lease liabilities $ 1,384 Finance Leases The components of lease expense were as follows: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Amortization of right-of-use assets $ 87 $ 116 Interest on lease liabilities 9 14 Total finance lease cost $ 96 $ 130 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Interest paid for finance lease liabilities – Operating cash flows $ 9 $ 14 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 170 138 Total cash paid in the measurement of finance lease obligations $ 179 $ 152 Capital expenditures through finance lease obligations (1) $ 71 $ 88 (1) See Note 19 – ”Cash Flows” for further information on non-cash activities affecting cash flows. The following table presents finance lease balances: As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 ROU finance lease assets Property and Equipment, net $ 835 $ 834 Finance lease Short-term debt and current maturities of long-term debt $ 360 $ 398 Finance lease Long-term debt, net of current maturities 448 496 Total finance lease liabilities (1) $ 808 $ 894 (1) See Note 12 – “Debt” for further information on finance lease liabilities. The weighted-average finance lease term was 2.6 years and 2.6 years as of June 30, 2021 and March 31, 2021, respectively. The weighted-average finance lease discount rate was 3.4% and 3.6% as of June 30, 2021 and March 31, 2021, respectively. The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2021: Fiscal Year (in millions) Remainder of 2022 2023 2024 2025 2026 Thereafter Total Finance lease payments $ 314 $ 274 $ 159 $ 72 $ 22 $ 1 $ 842 Less: imputed interest (34) Total finance lease liabilities $ 808
Leases	Leases The Company has operating and finance leases for data centers, corporate offices, and certain equipment. Its leases have remaining lease terms of one one Operating Leases The components of lease expense were as follows: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Operating lease cost $ 130 $ 156 Short-term lease cost 11 15 Variable lease cost 18 8 Sublease income (9) (12) Total operating costs $ 150 $ 167 Cash payments made for variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and as such, are excluded from the supplemental cash flow information stated below. (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 130 $ 156 ROU assets obtained in exchange for operating lease liabilities (1) $ 52 $ 275 (1) Net of $242 million and $58 million in lease modifications and terminations during the first quarters of fiscal 2022 and 2021, respectively. See Note 19 – “Cash Flows” for further information on non-cash activities affecting cash flows. The following table presents operating lease balances: As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 ROU operating lease assets Operating right-of-use assets, net $ 1,299 $ 1,366 Operating lease liabilities Current operating lease liabilities $ 413 $ 418 Operating lease liabilities Non-current operating lease liabilities 971 1,038 Total operating lease liabilities $ 1,384 $ 1,456 The weighted-average operating lease term was 4.8 years and 4.9 years as of June 30, 2021 and March 31, 2021, respectively. The weighted-average operating lease discount rate was 3.7% and 3.8% as of June 30, 2021 and March 31, 2021, respectively. The following maturity analysis presents expected undiscounted cash payments for operating as of June 30, 2021: Fiscal Year (in millions) Remainder of 2022 2023 2024 2025 2026 Thereafter Total Operating lease payments $ 345 $ 374 $ 277 $ 201 $ 114 $ 209 $ 1,520 Less: imputed interest (136) Total operating lease liabilities $ 1,384 Finance Leases The components of lease expense were as follows: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Amortization of right-of-use assets $ 87 $ 116 Interest on lease liabilities 9 14 Total finance lease cost $ 96 $ 130 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Interest paid for finance lease liabilities – Operating cash flows $ 9 $ 14 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 170 138 Total cash paid in the measurement of finance lease obligations $ 179 $ 152 Capital expenditures through finance lease obligations (1) $ 71 $ 88 (1) See Note 19 – ”Cash Flows” for further information on non-cash activities affecting cash flows. The following table presents finance lease balances: As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 ROU finance lease assets Property and Equipment, net $ 835 $ 834 Finance lease Short-term debt and current maturities of long-term debt $ 360 $ 398 Finance lease Long-term debt, net of current maturities 448 496 Total finance lease liabilities (1) $ 808 $ 894 (1) See Note 12 – “Debt” for further information on finance lease liabilities. The weighted-average finance lease term was 2.6 years and 2.6 years as of June 30, 2021 and March 31, 2021, respectively. The weighted-average finance lease discount rate was 3.4% and 3.6% as of June 30, 2021 and March 31, 2021, respectively. The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2021: Fiscal Year (in millions) Remainder of 2022 2023 2024 2025 2026 Thereafter Total Finance lease payments $ 314 $ 274 $ 159 $ 72 $ 22 $ 1 $ 842 Less: imputed interest (34) Total finance lease liabilities $ 808

Fair Value

Fair Value	3 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair Value Measurements on a Recurring Basis The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis, excluding pension assets and derivative assets and liabilities. See Note 9 – “Derivative Instruments” for information about these excluded assets and liabilities. There were no transfers between any of the levels during the periods presented. Fair Value Hierarchy (in millions) June 30, 2021 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 13 $ 13 $ — $ — Time deposits (1) 67 67 — — Other securities (2) 59 — 56 3 Total assets $ 139 $ 80 $ 56 $ 3 Liabilities: Contingent consideration $ 24 $ — $ — $ 24 Total liabilities $ 24 $ — $ — $ 24 March 31, 2021 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 12 $ 12 $ — $ — Time deposits (1) 78 78 — — Other securities (2) 57 — 55 2 Total assets $ 147 $ 90 $ 55 $ 2 Liabilities: Contingent consideration $ 27 $ — $ — $ 27 Total liabilities $ 27 $ — $ — $ 27 (1) Cost basis approximated fair value due to the short period of time to maturity. (2) Other securities include available-for-sale equity security investments with Level 2 inputs that have a cost basis of $57 million and $57 million, and gains/(losses) of $(1) million and $(2) million, as of June 30, 2021 and March 31, 2021, respectively, included in other income, net in the Company’s statements of operations. The fair value of money market funds, money market deposit accounts, U.S. Treasury bills with less than three months maturity and time deposits, included in cash and cash equivalents, are based on quoted market prices. The fair value of other debt securities, included in other long-term assets, is based on actual market prices. The fair value of the DPPs, included in receivables, net, is determined by calculating the expected amount of cash to be received and is principally based on unobservable inputs consisting primarily of the face amount of the receivables adjusted for anticipated credit losses. The fair value of contingent consideration, included in other liabilities, is based on contractually defined targets of financial performance in connection with earn outs and other considerations. Other Fair Value Disclosures The carrying amounts of the Company’s financial instruments with short-term maturities, primarily accounts receivable, accounts payable, short-term debt, and financial liabilities included in other accrued liabilities, are deemed to approximate their market values due to their short-term nature. If measured at fair value, these financial instruments would be classified as Level 2 or Level 3 within the fair value hierarchy. The Company estimates the fair value of its long-term debt, primarily by using quoted prices obtained from third-party providers such as Bloomberg, and by using an expected present value technique that is based on observable market inputs for instruments with similar terms currently available to the Company. The estimated fair value of the Company’s long-term debt, excluding finance lease liabilities, was $4.2 billion and $4.7 billion as of June 30, 2021 and March 31, 2021, respectively, compared with carrying value of $3.9 billion and $4.4 billion as of June 30, 2021 and March 31, 2021, respectively. Long-term debt, excluding finance lease liabilities, is classified as Level 1 or Level 2 within the fair value hierarchy. Non-financial assets such as goodwill, tangible assets, intangible assets and other contract related long-lived assets are recorded at fair value in the period they are initially recognized, and such fair value may be adjusted in subsequent periods if an event occurs or circumstances change that indicate that the asset may be impaired. The fair value measurements in such instances would be classified as Level 3 within the fair value hierarchy. There were no significant impairments recorded during the three months ended June 30, 2021.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments In the normal course of business, the Company is exposed to interest rate and foreign exchange rate fluctuations. As part of its risk management strategy, the Company uses derivative instruments, primarily foreign currency forward contracts and interest rate swaps, to hedge certain foreign currency and interest rate exposures. The Company’s objective is to reduce earnings volatility by offsetting gains and losses resulting from these exposures with losses and gains on the derivative contracts used to hedge them. The Company does not use derivative instruments for trading or any speculative purposes. Derivatives Designated for Hedge Accounting Cash flow hedges The Company has designated certain foreign currency forward contracts as cash flow hedges to reduce foreign currency risk related to certain Indian Rupee-denominated intercompany obligations and forecasted transactions. The notional amounts of foreign currency forward contracts designated as cash flow hedges as of June 30, 2021 and March 31, 2021 were $537 million and $546 million, respectively. As of June 30, 2021, the related forecasted transactions extend through March 2023. For the three months ended June 30, 2021 and June 30, 2020, respectively, the Company performed an assessment at the inception of the cash flow hedge transactions and determined that all critical terms of the hedging instruments and hedged items matched. The Company performs an assessment of critical terms on an on-going basis throughout the hedging period. During the three months ended June 30, 2021 and June 30, 2020, respectively, the Company had no cash flow hedges for which it was probable that the hedged transaction would not occur. As of June 30, 2021, $2.2 million of the existing amount of gain related to the cash flow hedge reported in accumulated other comprehensive loss is expected to be reclassified into earnings within the next 12 months. Amounts recognized in other comprehensive income (loss) and income (loss) During the three months ended June 30, 2021, the pre-tax gain (loss) on derivatives designated for hedge accounting was not material. Derivatives Not Designated for Hedge Accounting The derivative instruments not designated as hedges for purposes of hedge accounting include certain short-term foreign currency forward contracts. Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates. Foreign currency forward contracts The Company manages the exposure to fluctuations in foreign currencies by using short-term foreign currency forward contracts to hedge certain foreign currency denominated assets and liabilities, including intercompany accounts and forecasted transactions. The net notional amounts of the foreign currency forward contracts outstanding as of June 30, 2021 and March 31, 2021 were $1.3 billion and $2.1 billion, respectively. The following table presents the pretax amounts impacting income related to designated and non-designated foreign currency forward contracts: For the Three Months Ended (in millions) Statement of Operations Line Item June 30, 2021 June 30, 2020 Foreign currency forward contracts Other income, net $ 35 $ 25 Fair Value of Derivative Instruments All derivative instruments are recorded at fair value. The Company’s accounting treatment for these derivative instruments is based on its hedge designation. The following tables present the fair values of derivative instruments included in the balance sheets: Derivative Assets As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 Derivatives designated for hedge accounting: Foreign currency forward contracts Other current assets $ 8 $ 9 Total fair value of derivatives designated for hedge accounting $ 8 $ 9 Derivatives not designated for hedge accounting: Foreign currency forward contracts Other current assets $ 10 $ 3 Total fair value of derivatives not designated for hedge accounting $ 10 $ 3 Derivative Liabilities As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 Derivatives designated for hedge accounting: Foreign currency forward contracts Accrued expenses and other current liabilities $ 5 $ 5 Total fair value of derivatives designated for hedge accounting: $ 5 $ 5 Derivatives not designated for hedge accounting: Foreign currency forward contracts Accrued expenses and other current liabilities $ 11 $ 3 Total fair value of derivatives not designated for hedge accounting $ 11 $ 3 The fair value of foreign currency forward contracts represents the estimated amount required to settle the contracts using current market exchange rates and is based on the period-end foreign currency exchange rates and forward points which are classified as Level 2 inputs. Other Risks for Derivative Instruments The Company is exposed to the risk of losses in the event of non-performance by the counterparties to its derivative contracts. The amount subject to credit risk related to derivative instruments is generally limited to the amount, if any, by which a counterparty’s obligations exceed the obligations of the Company with that counterparty. To mitigate counterparty credit risk, the Company regularly reviews its credit exposure and the creditworthiness of the counterparties. With respect to its foreign currency derivatives, as of June 30, 2021, there were eight counterparties with concentration of credit risk, and based on gross fair value, the maximum amount of loss that the Company could incur is $5 million. The Company also enters into enforceable master netting arrangements with some of its counterparties. However, for financial reporting purposes, it is the Company’s policy not to offset derivative assets and liabilities despite the existence of enforceable master netting arrangements. The potential effect of such netting arrangements on the Company’s balance sheets is not material for the periods presented. Non-Derivative Financial Instruments Designated for Hedge Accounting The Company applies hedge accounting for foreign currency-denominated debt used to manage foreign currency exposures on its net investments in certain non-U.S. operations. To qualify for hedge accounting, the hedging instrument must be highly effective at reducing the risk from the exposure being hedged. Net Investment Hedges DXC seeks to reduce the impact of fluctuations in foreign exchange rates on its net investments in certain non-U.S. operations with foreign currency-denominated debt. For foreign currency-denominated debt designated as a hedge, the effectiveness of the hedge is assessed based on changes in spot rates. For qualifying net investment hedges, all gains or losses on the hedging instruments are included in currency translation. Gains or losses on individual net investments in non-U.S. operations are reclassified to earnings from accumulated other comprehensive income (loss) when such net investments are sold or substantially liquidated. As of June 30, 2021, DXC had $0.8 billion of foreign currency-denominated debt designated as hedges of net investments in non-U.S. subsidiaries. For the three months ended June 30, 2021, the pre-tax impact of loss on foreign currency-denominated debt designated for hedge accounting recognized in other comprehensive income (loss) was $(7) million. As of March 31, 2021, DXC had $0.8 billion of foreign currency-denominated debt designated as hedges of net investments in non-U.S. subsidiaries.

Intangible Assets

Intangible Assets	3 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets consisted of the following: As of June 30, 2021 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 4,067 $ 2,843 $ 1,224 Customer related intangible assets 4,218 1,739 2,479 Other intangible assets 237 52 185 Total intangible assets $ 8,522 $ 4,634 $ 3,888 As of March 31, 2021 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 4,014 $ 2,733 $ 1,281 Customer related intangible assets 4,212 1,641 2,571 Other intangible assets 239 48 191 Total intangible assets $ 8,465 $ 4,422 $ 4,043 The components of amortization expense were as follows: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Intangible asset amortization $ 215 $ 253 Transition and transformation contract cost amortization (1) 49 61 Total amortization expense $ 264 $ 314 (1) Transaction and transformation contract costs are included within other assets on the balance sheet. Estimated future amortization related to intangible assets as of June 30, 2021 is as follows: Fiscal Year (in millions) Remainder of 2022 $ 650 2023 $ 762 2024 $ 663 2025 $ 556 2026 $ 515

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following table summarizes the changes in the carrying amount of goodwill, by segment, as of June 30, 2021. (in millions) GBS GIS Total Goodwill, gross $ 5,131 $ 5,066 $ 10,197 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of March 31, 2021, net $ 641 $ — $ 641 Foreign currency translation (2) — (2) Goodwill, gross 5,129 5,066 10,195 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of June 30, 2021, net $ 639 $ — $ 639 The foreign currency translation amount reflects the impact of currency movements on non-U.S. dollar-denominated goodwill balances. Goodwill Impairment Analyses The Company tests goodwill for impairment on an annual basis, as of the first day of the second fiscal quarter, and between annual tests if circumstances change, or if an event occurs that would more likely than not reduce the fair value of a reporting unit below its carrying amount. As of June 30, 2021, the Company assessed whether there were events or changes in circumstances that would more likely than not reduce the fair value of any of its reporting units below its carrying amount and require goodwill to be tested for impairment. The Company determined that there have been no such indicators and therefore, it was unnecessary to perform an interim goodwill impairment test as of June 30, 2021.

Debt

Debt	3 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s debt: (in millions) Interest Rates Fiscal Year Maturities June 30, 2021 March 31, 2021 Short-term debt and Commercial paper (1) (0.38)% - (0.15)% 2022 $ 237 $ 213 Current maturities of long-term debt Various 2022 - 2023 220 556 Current maturities of finance lease liabilities 0.35% - 17.68% 2022 - 2023 360 398 Short-term debt and current maturities of long-term debt $ 817 $ 1,167 Long-term debt, net of current maturities EUR term loan 0.80% (2) 2023 - 2024 $ 473 $ 469 $274 million Senior notes 4.45% 2023 — 154 $171 million Senior notes 4.45% 2023 — 165 $500 million Senior notes 4.25% 2025 504 504 $500 million Senior notes 4.125% 2026 463 496 £250 million Senior notes 2.75% 2025 343 343 €650 million Senior notes 1.75% 2026 767 760 $500 million Senior notes 4.75% 2028 506 506 $234 million Senior notes 7.45% 2030 267 268 Finance lease liabilities 0.35% - 17.68% 2022 - 2027 808 894 Borrowings for assets acquired under long-term financing 0.00% - 5.78% 2022 - 2027 498 672 Mandatorily redeemable preferred stock outstanding 6.00% 2023 63 63 Other borrowings Various 2022 - 2023 4 5 Long-term debt 4,696 5,299 Less: current maturities 580 954 Long-term debt, net of current maturities $ 4,116 $ 4,345 (1) At DXC’s option, DXC can borrow up to a maximum of €1 billion. (2) At DXC’s option, the EUR term loan bears interest at the Eurocurrency Rate for a one-, two-, three-, or six-month interest period, plus a margin between 0.55% and 1.05%, based on published credit ratings of DXC. Senior Notes and Term Loans During the first quarter of fiscal 2022, the Company used the proceeds from the sale of its HPS business to complete the retirement of the remaining $319 million of the two series of 4.45% senior notes due fiscal 2023. The Company also repurchased $33 million of its 4.125% senior notes due fiscal 2026 using the proceeds from the divestitures of other insignificant businesses and existing cash on hand. Interest on the Company’s remaining term loan is payable monthly at DXC’s election. The Company fully and unconditionally guarantees term loans issued by its 100% owned subsidiaries. The interest on the Company’s senior notes is payable semi-annually in arrears, except for interest on the £250 million senior notes due fiscal 2025 and the €650 million senior notes due fiscal 2026, which are payable annually in arrears. Generally, the Company’s notes are redeemable at the Company’s discretion at the then-applicable redemption premium plus accrued and unpaid interest.

Revenue

Revenue	3 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition The following table presents DXC’s revenues disaggregated by geography, based on the location of incorporation of the DXC entity providing the related goods or services: Three Months Ended (in millions) June 30, 2021 June 30, 2020 United States $ 1,209 $ 1,709 United Kingdom 602 573 Other Europe 1,305 1,205 Australia 401 361 Other International 624 654 Total Revenues $ 4,141 $ 4,502 The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 20 – “Segment Information” for the Company’s segment disclosures. Remaining Performance Obligations Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidations, adjustments for revenue that have not materialized and adjustments for currency. As of June 30, 2021, approximately $24 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 33% of these remaining performance obligations in fiscal 2022, with the remainder of the balance recognized thereafter. Contract Balances The following table provides information about the balances of the Company’s trade receivables and contract assets and contract liabilities: As of (in millions) June 30, 2021 March 31, 2021 Trade receivables, net $ 2,802 $ 2,871 Contract assets $ 403 $ 351 Contract liabilities $ 1,630 $ 1,701 Change in contract liabilities were as follows: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Balance, beginning of period $ 1,701 $ 1,756 Deferred revenue 609 698 Recognition of deferred revenue (668) (719) Currency translation adjustment 6 30 Other (18) (2) Balance, end of period $ 1,630 $ 1,763

Restructuring Costs

Restructuring Costs	3 Months Ended
	Jun. 30, 2021
Restructuring Costs [Abstract]
Restructuring Costs	Restructuring Costs The Company recorded restructuring costs of $67 million and $72 million, net of reversals, for the three months ended June 30, 2021 and June 30, 2020, respectively. The costs recorded during the three months ended June 30, 2021 were largely a result of the Fiscal 2022 Plan (defined below). The composition of restructuring liabilities by financial statement line item is as follows: As of (in millions) June 30, 2021 Accrued expenses and other current liabilities $ 170 Other long-term liabilities 35 Total $ 205 Summary of Restructuring Plans Fiscal 2022 Plan During fiscal 2022, management approved global cost savings initiatives designed to better align the Company’s workforce and facility structures (the “Fiscal 2022 Plan”). Also included in restructuring costs for the three months ended June 30, 2021 is $2 million related to amortization of the right-of-use asset and interest expense for leased facilities that we have vacated but are being actively marketed for sublease or we are in negotiations with the landlord to potentially terminate or modify those leases. Fiscal 2021 Plan During fiscal 2021, management approved global cost savings initiatives designed to better align the Company’s workforce and facility structures (the “Fiscal 2021 Plan”). The Fiscal 2021 Plan includes workforce optimization programs and facilities and data center rationalization. Costs incurred to date under the Fiscal 2021 Plan total $542 million, comprising $500 million in employee severance and $42 million of facilities costs. Fiscal 2020 Plan During fiscal 2020, management approved cost savings initiatives designed to reduce operating costs by re-balancing its workforce and facilities structures (the “Fiscal 2020 Plan”). The Fiscal 2020 Plan includes workforce optimization programs and facilities and data center rationalization. Costs incurred to date under the Fiscal 2020 Plan total $296 million, comprising $279 million in employee severance and $17 million of facilities costs. Other Prior Year Plans In June 2017, management approved a post-HPES Merger restructuring plan to optimize the Company’s operations in response to a continuing business contraction. Other prior year plans focus mainly on optimizing specific aspects of the global workforce, increasing the proportion of work performed in low cost offshore locations and re-balancing the organizational structure. Additionally, these plans included global facility restructuring, including a global data center restructuring program. Costs incurred to date under other prior year plans total $1,477 million, comprising $1,139 million in employee severance and $338 million of facilities costs. Acquired Restructuring Liabilities As a result of the merger of Computer Sciences Corporation (“CSC”) and HPES (“HPES Merger”), DXC acquired restructuring liabilities under restructuring plans that were initiated for HPES under plans approved by the HPE Board of Directors. Restructuring Liability Reconciliations by Plan Restructuring Liability as of March 31, 2021 Costs Expensed, Net of Reversals Costs Not Affecting Restructuring Liability (1) Cash Paid Other (2) Restructuring Liability as of June 30, 2021 Fiscal 2022 Plan Workforce Reductions $ — $ 45 $ — $ (15) $ — $ 30 Facilities Costs — 20 (13) (4) — 3 Total $ — $ 65 $ (13) $ (19) $ — $ 33 Fiscal 2021 Plan Workforce Reductions $ 180 $ (1) $ — $ (77) $ 1 $ 103 Facilities Costs 3 5 (4) (1) (1) 2 Total $ 183 $ 4 $ (4) $ (78) $ — $ 105 Fiscal 2020 Plan Workforce Reductions $ 27 $ — $ — $ (6) $ — $ 21 Facilities Costs — — — — — — Total $ 27 $ — $ — $ (6) $ — $ 21 Other Prior Year Plans Workforce Reductions $ 19 $ — $ — $ (5) $ — $ 14 Facilities Costs 6 — — (3) — 3 Total $ 25 $ — $ — $ (8) $ — $ 17 Acquired Liabilities Workforce Reductions $ 34 $ (3) $ — $ (3) $ — $ 28 Facilities Costs $ 1 1 — (1) — 1 Total $ 35 $ (2) $ — $ (4) $ — $ 29 (1) Pension benefit augmentations recorded as a pension liability, asset impairments and restructuring costs associated with right-of-use assets. (2) Foreign currency translation adjustments.

Pension and Other Benefit Plans

Pension and Other Benefit Plans	3 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Pension and Other Benefit Plans	Pension and Other Benefit Plans The Company offers a number of pension and other post-retirement benefit (“OPEB”) plans, life insurance benefits, deferred compensation and defined contribution plans. Most of the Company’s pension plans are not admitting new participants, except where locally required; therefore, changes to pension liabilities are primarily due to market fluctuations of investments for existing participants and changes in interest rates. Defined Benefit Plans The Company sponsors a number of defined benefit and post-retirement medical benefit plans for the benefit of eligible employees. The benefit obligations of the Company’s U.S. pension, U.S. OPEB, and non-U.S. OPEB represent an insignificant portion of the Company’s pension and other post-retirement benefits. As a result, the disclosures below include the Company’s U.S. and non-U.S. pension plans on a global consolidated basis. The components of net periodic pension income were: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Service cost $ 23 $ 22 Interest cost 52 58 Expected return on assets (147) (153) Amortization of prior service costs (2) (2) Curtailment gain — (9) Recognition of actuarial loss — 11 Net periodic pension income $ (74) $ (73) The service cost component of net periodic pension income is presented in costs of services and selling, general and administrative and the other components of net periodic pension income are presented in other income, net. Deferred Compensation Plans Effective as of the HPES Merger, DXC assumed sponsorship of the Computer Sciences Corporation Deferred Compensation Plan, which was renamed the “DXC Technology Company Deferred Compensation Plan” (the “DXC DCP”) and adopted HPE’s Enterprise Services Executive Deferred Compensation Plan (the “ES DCP”). Both plans are non-qualified deferred compensation plans maintained for a select group of management, highly compensated employees and non-employee directors. The DXC DCP covers eligible employees who participated in CSC’s Deferred Compensation Plan prior to the HPES Merger. The ES DCP covers eligible employees who participated in the HPE Executive Deferred Compensation Plan prior to the HPES Merger. Both plans allow participating employees to defer the receipt of current compensation to a future distribution date or event above the amounts that may be deferred under DXC’s tax-qualified 401(k) plan and the DXC Technology Matched Asset Plan. Neither plan provides for employer contributions. Starting on April 3, 2017, the ES DCP no longer admits new participants. Certain management and highly compensated employees are eligible to defer all, or a portion of, their regular salary that exceeds the limitation set forth in Internal Revenue Section 401(a)(17) and all or a portion of their incentive compensation. Non-employee directors are eligible to defer up to 100% of their cash compensation. The liability, which is included in other long-term liabilities in the Company’s balance sheets, amounted to $43 million as of June 30, 2021 and $42 million as of March 31, 2021.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate (“ETR”) was 33.5% and 11.6% for the three months ended June 30, 2021 and June 30, 2020, respectively. For the three months ended June 30, 2021, the primary drivers of the ETR were the global mix of income, gain on sale of HPS business and tax rate changes in non-U.S. jurisdictions. For the three months ended June 30, 2020, the primary drivers of the ETR were the global mix of income, adjustment of the prior tax provisions due to the filing of tax returns in non-U.S. jurisdictions and generation of additional foreign tax credits in the U.S. A significant portion of the cash held by our foreign subsidiaries is not expected to be impacted by U.S. federal income tax upon repatriation. However, a portion of this cash may still be subject to foreign and U.S. state income tax consequences upon future remittance. Such earnings and all current foreign earnings are not indefinitely reinvested. The following foreign earnings are considered indefinitely reinvested: approximately $530 million that could be taxable when repatriated to the U.S. under section 1.245A-5(b) of the final Treasury regulations issued during fiscal 2021; and our accumulated earnings in India as of fiscal 2021. A portion of these indefinitely reinvested earnings may be subject to foreign and U.S. state tax consequences when remitted. The Company will continue to evaluate its position in the future based on its future strategy and cash needs. In connection with the HPES Merger, the Company entered into a tax matters agreement with HPE. HPE generally will be responsible for pre-HPES Merger tax liabilities including adjustments made by tax authorities to HPES U.S. and non-U.S. income tax returns. Likewise, DXC is liable to HPE for income tax receivables and refunds which it receives related to pre-HPES Merger periods. Pursuant to the tax matters agreement, the Company recorded $34 million of tax indemnification receivable related to uncertain tax positions, $66 million of tax indemnification receivable related to other tax payables and $118 million of tax indemnification payable related to other tax receivables. In connection with the spin-off of the Company’s former U.S. public sector business (the “USPS Separation”), the Company entered into a tax matters agreement with Perspecta Inc. (“Perspecta”). Pursuant to the tax matters agreement, the Company generally will be responsible for tax liabilities arising prior to the USPS Separation. Income tax liabilities transferred to Perspecta primarily relate to pre-HPES Merger periods, for which the Company is indemnified by HPE pursuant to the tax matters agreement between the Company and HPE. The Company remains liable to HPE for tax receivables and refunds which it receives from Perspecta related to pre-HPES Merger periods that were transferred to Perspecta. Pursuant to the tax matters agreement, the Company has recorded a tax indemnification receivable from Perspecta of $72 million related to other tax payable and a tax indemnification payable to Perspecta of $29 million related to income tax and other tax liabilities. In connection with the sale of HPS business, the Company entered into a tax matters agreement with Dedalus. Pursuant to the tax matters agreement, the Company generally will be responsible for tax liabilities arising prior to the sale of HPS business. The Company will also be responsible for pre-sale tax liabilities including adjustments made by tax authorities to HPS income tax returns. The Internal Revenue Service (the “IRS”) is examining the Company’s federal income tax returns for fiscal 2008 through the tax year ended October 31, 2018. With respect to CSC’s fiscal 2008 through 2017 federal tax returns, the Company has entered into negotiations for a resolution through settlement with the IRS Office of Appeals. The IRS examined several issues for these tax years that resulted in various audit adjustments. The Company and the IRS Office of Appeals have an agreement in principle as to some of these adjustments, and we disagree with the IRS’ disallowance of certain losses and deductions resulting from restructuring costs and tax planning strategies in previous years. As we believe we will ultimately prevail on the technical merits of the disagreed items and intend to challenge them in the IRS Office of Appeals or Tax Court, these matters are not fully reserved and would result in a federal and state tax expense of $407 million (including estimated interest and penalties) and related cash cost for the unreserved portion of these items if we do not prevail. We do not expect these matters that proceed to Tax Court to be resolved in the next 12 months. We have received a notice of deficiency with respect to fiscal 2011 and 2013 and have filed petitions in Tax Court with respect to both years. We also expect fiscal 2009 and 2010 to proceed to Tax Court. The Company has agreed to extend the statute of limitations for fiscal years 2008 through 2010 to April 30, 2022, for fiscal years 2011 through 2012 to August 31, 2021, for fiscal years 2014 through fiscal 2017 to February 28, 2022, and for the tax year ended October 31, 2017 to September 30, 2022, to provide the IRS time to complete their review. The Company expects to reach a resolution for fiscal years 2008 through 2013 no earlier than fiscal 2025, except for agreed issues related to fiscal 2008 through 2010, and to reach resolution for fiscal years 2014 through 2017, which are expected to be resolved within twelve months. In addition, the Company may settle certain other tax examinations, have lapses in statutes of limitations, or voluntarily settle income tax positions in negotiated settlements for different amounts than the Company has accrued as uncertain tax positions. In the first quarter of fiscal 2022 the Company’s liability for uncertain tax positions increased by $4 million (excluding interest and penalties and related tax attributes) primarily related to disallowance of certain credits. The Company may need to accrue and ultimately pay additional amounts for tax positions that previously met a more-likely-than-not standard if such positions are not upheld. Conversely, the Company could settle positions by payment with the tax authorities for amounts lower than those that have been accrued or extinguish a position through less payment than previously estimated. The Company believes the outcomes that are reasonably possible within the next 12 months may result in a reduction in liability for uncertain tax positions of $63 million, excluding interest, penalties and tax carry-forwards.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchases On April 3, 2017, DXC announced the establishment of a share repurchase program approved by the Board of Directors (the “Board”) with an initial authorization of $2.0 billion for future repurchases of outstanding shares of DXC common stock. On November 8, 2018, DXC’s Board approved an incremental $2.0 billion share repurchase authorization. An expiration date has not been established for this repurchase plan. Share repurchases may be made from time to time through various means, including in open market purchases, 10b5-1 plans, privately-negotiated transactions, accelerated stock repurchases, block trades and other transactions, in compliance with Rule 10b-18 under the Exchange Act as well as, to the extent applicable, other federal and state securities laws and other legal requirements. The timing, volume, and nature of share repurchases pursuant to the share repurchase plan are at the discretion of management and may be suspended or discontinued at any time. The shares repurchased are retired immediately and included in the category of authorized but unissued shares. The excess of purchase price over par value of the common shares is allocated between additional paid-in capital and retained earnings. There was no share repurchase activity during the three months ended June 30, 2020. The details of shares repurchased during the three months ended June 30, 2021 are shown below: Fiscal 2022 Fiscal Period Number of Shares Repurchased Average Price Per Share Amount 1st Quarter Open market purchases 1,750,000 $ 38.52 $ 67 Total 1,750,000 $ 38.52 $ 67 Accumulated Other Comprehensive Loss The following table shows the changes in accumulated other comprehensive income (loss), net of taxes: (in millions) Foreign Currency Translation Adjustments Cash Flow Hedges Pension and Other Post-retirement Benefit Plans Accumulated Other Comprehensive Loss Balance at March 31, 2021 $ (554) $ (1) $ 253 $ (302) Other comprehensive loss before reclassifications (35) (1) — (36) Amounts reclassified from accumulated other comprehensive loss (1) (86) — (2) (88) Balance at June 30, 2021 $ (675) $ (2) $ 251 $ (426) (1) Includes net cumulative foreign currency translation losses of $86 million upon sale of foreign entities primarily related to the HPS business divestiture. See Note 4 – “Divestitures” for additional information. (in millions) Foreign Currency Translation Adjustments Cash Flow Hedges Available-for-sale Securities Pension and Other Post-retirement Benefit Plans Accumulated Other Comprehensive Loss Balance at March 31, 2020 $ (851) $ (20) $ 9 $ 259 $ (603) Other comprehensive loss before reclassifications (2) 7 4 — 9 Amounts reclassified from accumulated other comprehensive loss — 4 — (9) (5) Balance at June 30, 2020 $ (853) $ (9) $ 13 $ 250 $ (599)

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock Incentive Plans	Stock Incentive Plans Equity Plans The Compensation Committee of the Board of Directors has broad authority to grant awards and otherwise administer the DXC Employee Equity Plan. The plan became effective March 30, 2017 and will continue in effect for a period of 10 years thereafter, unless terminated earlier by the Board. The Board has the authority to amend the plan in such respects as it deems desirable, subject to approval of DXC’s stockholders for material modifications. Restricted stock units (“RSUs”) represent the right to receive one share of DXC common stock upon a future settlement date, subject to vesting and other terms and conditions of the award, plus any dividend equivalents accrued during the award period. In general, if the employee’s status as a full-time employee is terminated prior to the vesting of the RSU grant in full, then the RSU grant is automatically canceled on the termination date and any unvested shares and dividend equivalents are forfeited. Certain executives were awarded service-based “career share” RSUs for which the shares are settled on the 10th anniversary following the executive’s separation from service as a full-time employee, provided the executive complies with certain non-competition covenants during that period. The Company also grants Performance-based restricted stock units (“PSUs”), which generally vest over a period of three years. The number of PSUs that ultimately vest is dependent upon the Company’s achievement of certain specified financial performance criteria over a three-year period. If the specified performance criteria are met, awards are settled for shares of DXC common stock and dividend equivalents upon the filing with the SEC of the Annual Report on Form 10-K for the last fiscal year of the performance period. PSU awards include the potential for 25% of the shares granted to be earned after the first and second fiscal years if certain of the Company’s performance targets are met early, subject to vesting based on the participant’s continued employment through the end of the three-year performance period. Beginning in fiscal 2021, DXC issued awards that are considered to have a market condition. A Monte Carlo simulation model was used for the valuation of the grants. Settlement of shares for these PSU awards will be made at the end of the third fiscal year subject to certain compounded annual growth rates of the stock price and continued employment through the last day of the third fiscal year. The terms of the DXC Director Equity Plan allow DXC to grant RSU awards to non-employee directors of DXC. Such RSU awards vest in full at the earlier of (i) the first anniversary of the grant date or (ii) the next annual meeting date, and are automatically redeemed for DXC common stock and dividend equivalents either at that time or, if an RSU deferral election form is submitted, upon the date or event elected by the director. Distributions made upon a director’s separation from the Board may occur in either a lump sum or in annual installments over periods of 5, 10, or 15 years, according to the director’s election. In addition, RSUs vest in full upon a change in control of DXC. The DXC Share Purchase Plan allows DXC’s employees located in the United Kingdom to purchase shares of DXC’s common stock at the fair market value of such shares on the applicable purchase date. There were 7,519 shares purchased under this plan during the three months ended June 30, 2021. The Board has reserved for issuance shares of DXC common stock, par value $0.01 per share, under each of the plans as detailed below: As of June 30, 2021 Reserved for Available for DXC Employee Equity Plan 51,200,000 30,549,341 DXC Director Equity Plan 745,000 430,351 DXC Share Purchase Plan 250,000 147,789 Total 52,195,000 31,127,481 Stock Options Number of Option Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in millions) Outstanding as of March 31, 2021 1,675,580 $ 30.43 3.61 $ 8 Granted — $ — Exercised (331,914) $ 23.16 $ 5 Canceled/Forfeited — $ — Expired (27,016) $ 33.82 Outstanding as of June 30, 2021 1,316,650 $ 32.19 3.54 $ 11 Vested and exercisable as of June 30, 2021 1,316,650 $ 32.19 3.54 $ 11 Restricted Stock Employee Equity Plan Director Equity Plan Number of Weighted Average Grant Date Number of Weighted Average Grant Date Fair Value Outstanding as of March 31, 2021 8,326,220 $ 28.98 184,660 $ 28.42 Granted 2,787,947 $ 51.56 5,600 $ 31.96 Settled (1,515,475) $ 34.06 — $ — Canceled/Forfeited (593,725) $ 44.49 — $ — Outstanding as of June 30, 2021 9,004,967 $ 35.55 190,260 $ 28.52 Share-Based Compensation Three Months Ended (in millions) June 30, 2021 June 30, 2020 Total share-based compensation cost $ 25 $ 16 Related income tax benefit $ 3 $ 1 Total intrinsic value of options exercised $ 5 $ — Tax benefits from exercised stock options and awards $ 11 $ 3 As of June 30, 2021, total unrecognized compensation expense related to unvested DXC RSUs, net of expected forfeitures was $255 million. The unrecognized compensation expense for unvested RSUs is expected to be recognized over a weighted-average period of 2.36 years.

Cash Flows

Cash Flows	3 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Cash Flows	Cash Flows Cash payments for interest on indebtedness and income taxes and other select non-cash activities are as follows: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Cash paid for: Interest $ 65 $ 103 Taxes on income, net of refunds (1) $ 52 $ 31 Non-cash activities: Operating: ROU assets obtained in exchange for lease, net (2) $ 52 $ 275 Prepaid assets acquired under long-term financing $ 111 $ 2 Investing: Capital expenditures in accounts payable and accrued expenses $ 1 $ 11 Capital expenditures through finance lease obligations $ 71 $ 88 Assets acquired under long-term financing $ 35 $ 2 Decrease in deferred purchase price receivable $ — $ (52) Contingent consideration $ — $ 3 Financing: Dividends declared but not yet paid $ — $ 1 Shares repurchased but not settled in cash $ 19 $ — (1) Income tax refunds were $14 million and $18 million for the three months ended June 30, 2021 and June 30, 2020, respectively.

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information DXC has a matrix form of organization and is managed in several different and overlapping groupings including services, industries and geographic regions. As a result, and in accordance with accounting standards, operating segments are organized by the type of services provided. DXC’s chief operating decision maker (“CODM”), the chief executive officer, obtains, reviews, and manages the Company’s financial performance based on these segments. The CODM uses these results, in part, to evaluate the performance of, and allocate resources to, each of the segments. Global Business Services (“GBS”) GBS provides innovative technology solutions that help its customers address key business challenges and accelerate transformations tailored to each customer’s industry and specific objectives. GBS offerings include: • Analytics and Engineering. Our portfolio of analytics services and extensive partner ecosystem help customers gain rapid insights, automate operations, and accelerate their transformation journeys. We provide software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business. • Applications . We use advanced technologies and methods to accelerate the creation, modernization, delivery and maintenance of high-quality, secure applications allowing customers to innovate faster while reducing risk, time to market, and total cost of ownership, across industries. Our vertical-specific IP includes solutions for insurance, banking and capital markets, and automotive among others. • Business Process Services. Includes integration and optimization of front and back office processes, and agile process automation. This helps companies to reduce cost and minimize business disruption, human error, and operational risk while improving customer experiences. Global Infrastructure Services (“GIS”) GIS provides a portfolio of technology offerings that deliver predictable outcomes and measurable results while reducing business risk and operational costs for customers. GIS offerings include: • Cloud and Security. We help customers to rapidly modernize by adapting legacy apps to cloud, migrate the right workloads, and securely manage their multi-cloud environments. Our security solutions help predict attacks, proactively respond to threats, ensure compliance and protect data, applications and infrastructure. • IT Outsourcing (“ITO”) . Our ITO services support infrastructure, applications, and workplace IT operations, including hardware, software, physical/virtual end-user devices, collaboration tools, and IT support services. We help customers securely optimize operations to ensure continuity of their systems and respond to new business and workplace demands while achieving cost takeout, all with limited resources, expertise, and budget. • Modern Workplace. Services to fit our customer’s employee, business and IT needs from intelligent collaboration, modern device management, digital support services, Internet of Things (“IoT”) and mobility services, providing a consumer-like, digital experience. Segment Measures The following table summarizes operating results regularly provided to the CODM by reportable segment and a reconciliation to the financial statements: (in millions) GBS GIS Total Reportable Segments All Other Totals Three Months Ended June 30, 2021 Revenues $ 1,887 $ 2,254 $ 4,141 $ — $ 4,141 Segment profit $ 272 $ 131 $ 403 $ (71) $ 332 Depreciation and amortization (1) $ 40 $ 246 $ 286 $ 27 $ 313 Three Months Ended June 30, 2020 Revenues $ 2,174 $ 2,328 $ 4,502 $ — $ 4,502 Segment profit $ 215 $ 23 $ 238 $ (48) $ 190 Depreciation and amortization (1) $ 50 $ 267 $ 317 $ 27 $ 344 (1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $109 million and $148 million for the three months ended June 30, 2021 and 2020, respectively . Reconciliation of Reportable Segment Profit to Consolidated Total The Company’s management uses segment profit as the measure for assessing performance of its segments. Segment profit is defined as segment revenues less costs of services, segment selling, general and administrative, depreciation and amortization, and other income (excluding the movement in foreign currency exchange rates on DXC’s foreign currency denominated assets and liabilities and the related economic hedges). The Company does not allocate to its segments certain operating expenses managed at the corporate level. These unallocated costs include certain corporate function costs, stock-based compensation expense, pension and OPEB actuarial and settlement gains and losses, restructuring costs, transaction, separation and integration-related costs and amortization of acquired intangible assets. Three Months Ended (in millions) June 30, 2021 June 30, 2020 Profit Total profit for reportable segments $ 403 $ 238 All other loss (71) (48) Interest income 20 23 Interest expense (62) (106) Restructuring costs (67) (72) Transaction, separation and integration-related costs (9) (110) Amortization of acquired intangible assets (109) (148) Gains and (losses) on dispositions 347 — Debt extinguishment costs (28) — Pension and OPEB actuarial and settlement losses — (2) Income (loss) before income taxes $ 424 $ (225)

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments The Company signed long-term purchase agreements with certain software, hardware, telecommunication, and other service providers to obtain favorable pricing and terms for services, and products that are necessary for the operations of business activities. Under the terms of these agreements, the Company is contractually committed to purchase specified minimums over periods ranging from one Company would have an obligation to pay the service provider all, or a portion, of the shortfall. Minimum purchase commitments as of June 30, 2021 were as follows: Fiscal year Minimum Purchase Commitment (in millions) Remainder of 2022 $ 1,517 2023 1,028 2024 536 2025 255 2026 255 Thereafter 16 Total $ 3,607 In the normal course of business, the Company may provide certain customers with financial performance guarantees, and at times performance letters of credit or surety bonds. In general, the Company would only be liable for the amounts of these guarantees in the event that non-performance by the Company permits termination of the related contract by the Company’s customers. The Company believes it is in compliance with its performance obligations under all service contracts for which there is a financial performance guarantee, and the ultimate liability, if any, incurred in connection with these guarantees will not have a material adverse effect on its consolidated results of operations or financial position. The Company also uses stand-by letters of credit, in lieu of cash, to support various risk management insurance policies. These letters of credit represent a contingent liability and the Company would only be liable if it defaults on its payment obligations on these policies. The following table summarizes the expiration of the Company’s financial guarantees and stand-by letters of credit outstanding as of June 30, 2021: (in millions) Remainder of Fiscal 2022 Fiscal 2023 Fiscal 2024 and Thereafter Totals Surety bonds $ 57 $ 11 $ 11 $ 79 Letters of credit 160 46 521 727 Stand-by letters of credit 46 49 14 109 Totals $ 263 $ 106 $ 546 $ 915 The Company generally indemnifies licensees of its proprietary software products against claims brought by third parties alleging infringement of their intellectual property rights, including rights in patents (with or without geographic limitations), copyrights, trademarks, and trade secrets. DXC’s indemnification of its licensees relates to costs arising from court awards, negotiated settlements, and the related legal and internal costs of those licensees. The Company maintains the right, at its own cost, to modify or replace software in order to eliminate any infringement. The Company has not incurred any significant costs related to licensee software indemnification. Contingencies Strauch Fair Labor Standards Act Collective Action: On July 1, 2014, several plaintiffs filed an action in the U.S. District Court for the District of Connecticut on behalf of themselves and a putative nationwide collective of CSC system administrators, alleging CSC’s failure to properly classify these employees as non-exempt under the federal Fair Labor Standards Act (“FLSA”). Plaintiffs alleged similar state-law Rule 23 class claims pursuant to Connecticut and California statutes. Plaintiffs claimed double overtime damages, liquidated damages, and other amounts and remedies. In 2015 the Court entered an order granting conditional certification under the FLSA of the collective of over 4,000 system administrators. Approximately 1,000 system administrators filed consents with the Court to participate in the FLSA collective. The class/collective action is currently made up of approximately 800 individuals who held the title of associate professional or professional system administrator. In June 2017, the Court granted Rule 23 certification of a Connecticut state-law class and a California state-law class consisting of professional system administrators and associate professional system administrators. Senior professional system administrators were found not to qualify for Rule 23 certification under the state-law claims. CSC sought permission to appeal the Rule 23 decision to the Second Circuit Court of Appeals, which was denied. In December 2017, a jury trial was held and a verdict was returned in favor of plaintiffs. On August 6, 2019, the Court issued an order awarding plaintiffs $18.75 million in damages. In September 2019, Plaintiffs filed a motion seeking $14.1 million in attorneys’ fees and costs. In July 2020, the Court issued an order awarding Plaintiffs $8.1 million in attorneys’ fees and costs. The Company disagrees with the jury verdict, the damages award, and the fee award, and is appealing the judgment of the Court. In October 2020, the Company reached an agreement in principle with the plaintiffs to resolve the matter. In February 2021, the Company executed a settlement agreement with the plaintiffs, and in July 2021 the Court approved the settlement. This matter is now closed. Kemper Corporate Services, Inc. v. Computer Sciences Corporation: In October 2015, Kemper Corporate Services, Inc. (“Kemper”) filed a demand for arbitration against CSC with the American Arbitration Association (“AAA”), alleging that CSC breached the terms of a 2009 Master Software License and Services Agreement and related Work Orders (the “Agreement”) by failing to complete a software translation and implementation plan by certain contractual deadlines. Kemper claimed breach of contract, seeking approximately $100 million in damages. CSC answered the demand for arbitration denying Kemper’s claims and asserting a counterclaim for unpaid invoices for services rendered by CSC. A single arbitrator conducted an evidentiary hearing on the merits of the claims and counterclaims in April 2017. In October 2017, the arbitrator issued a partial final award, finding for Kemper on its breach of contract theory, awarding Kemper $84.2 million in compensatory damages plus prejudgment interest, denying Kemper’s claim for rescission as moot, and denying CSC’s counterclaim. Kemper moved to confirm the award in federal district court in Texas. CSC moved to vacate the award, and in August 2018, the Magistrate Judge issued its Report and Recommendation denying CSC’s vacatur motion. In September 2018, the District Court summarily accepted the Report and Recommendation without further briefing and entered a Final Judgment in the case. The Company promptly filed a notice of appeal to the Fifth Circuit Court of Appeals. Following the submission of briefs, oral argument was held on September 5, 2019. On January 10, 2020, the Court of Appeals issued a decision denying the Company’s appeal. On January 24, 2020, the Company filed a Petition for Rehearing, seeking review by the entire en banc Court of Appeals. On February 14, 2020, the Court of Appeals denied the Company’s Petition. The Company has been pursuing coverage for the full scope of the award, interest, and legal fees and expenses, under the Company’s applicable insurance policies. Certain carriers have accepted coverage while others have denied coverage. On February 21, 2020, the Company paid the balance of the judgment, which net of insurance recovery totalled $60 million. The Company has since recovered an additional $12.5 million from its insurance carriers. The Company continues to pursue recovery with its insurance carriers. Forsyth, et al. v. HP Inc. and Hewlett Packard Enterprise: On August 18, 2016, this purported class and collective action was filed in the U.S. District Court for the Northern District of California, against HP and HPE alleging violations of the Federal Age Discrimination in Employment Act (“ADEA”), the California Fair Employment and Housing Act, California public policy and the California Business and Professions Code. Former business units of HPE now owned by the Company may be proportionately liable for any recovery by plaintiffs in this matter. Plaintiffs seek to certify a nationwide class action under the ADEA comprised of all U.S. residents employed by defendants who had their employment terminated pursuant to a work force reduction (“WFR”) plan and who were 40 years of age or older at the time of termination. The class seeks to cover those impacted by WFRs on or after December 2014. Plaintiffs also seek to represent a Rule 23 class under California law comprised of all persons 40 years of age or older employed by defendants in the state of California and terminated pursuant to a WFR plan on or after August 18, 2012. In January 2017, defendants filed a partial motion to dismiss and a motion to compel arbitration of claims by certain named and opt-in plaintiffs who had signed release agreements as part of their WFR packages. In September 2017, the Court denied the partial motion to dismiss without prejudice, but granted defendants’ motions to compel arbitration for those named and opt-in plaintiffs. The Court stayed the entire action pending arbitration for these individuals, and administratively closed the case. A mediation was held in October 2018 with the 16 named and opt-in plaintiffs who were involved in the case at that time. A settlement was reached, which included seven plaintiffs who were employed by former business units of HPE that are now owned by the Company. In June 2019, a second mediation was held with 145 additional opt-in plaintiffs who were compelled to arbitration pursuant to their release agreements. In December 2019, a settlement was reached with 142 of the opt-in plaintiffs, 35 of whom were employed by former business units of HPE that are now owned by the Company, and for which the Company was liable. In December 2020, Plaintiffs filed a motion for preliminary certification of the collective action, which Defendants opposed. In April 2021, the court granted Plaintiffs’ motion for preliminary certification and lifted the previously imposed stay of the action. Former business units of the Company now owned by Perspecta may be proportionately liable for any recovery by plaintiffs in this matter. Oracle America, Inc., et al. v. Hewlett Packard Enterprise Company: On March 22, 2016, Oracle filed a complaint against HPE in the Northern District of California, alleging copyright infringement, interference with contract, intentional interference with prospective economic relations, and unfair competition. The litigation relates in part to former business units of HPE that are now owned by the Company. The Company may be required to indemnify HPE for a portion of any recovery by Oracle in the litigation related to these business units. Oracle’s claims arise primarily out of HPE’s prior relationship with a third-party maintenance provider named Terix Computer Company, Inc. (“Terix”). Oracle claims that Terix infringed its copyrights while acting as HPE’s subcontractor for certain customers of HPE’s multivendor support business. Oracle claims that HPE is liable for vicarious and contributory infringement arising from the alleged actions of Terix and for direct infringement arising from its own alleged conduct. On January 29, 2019, the court granted HPE’s motion for summary judgment and denied Oracle’s motion for summary judgment, resolving the matter in HPE’s favor. Oracle appealed the judgment to the U.S. Court of Appeals for the Ninth Circuit. In August 2020, the court granted Oracle’s appeal in part. The case was then remanded to the District Court for further proceedings. In January 2021, the District Court entered a scheduling order that provided for summary judgment briefing to be completed by May 2021 and a trial date in November 2021. In June 2021, the Court issued a decision denying HPE’s motion for summary judgment and granting Oracle’s motion for summary judgment on various HPE defenses. The matter is scheduled to proceed to trial in November 2021. In re DXC Technology Company Securities Litigation: On December 27, 2018, a purported class action lawsuit was filed in the United States District Court for the Eastern District of Virginia against the Company and two of its current officers. The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and is premised on allegedly false and/or misleading statements, and alleged non-disclosure of material facts, regarding the Company’s business, operations, prospects and performance during the proposed class period of February 8, 2018 to November 6, 2018. The Company moved to dismiss the claims in their entirety, and on June 2, 2020, the court granted the Company’s motion, dismissing all claims and entering judgment in the Company’s favor. On July 1, 2020, the plaintiffs filed a notice of appeal to the U.S. Court of Appeals for the Fourth Circuit. The appeal has been fully briefed and is scheduled for oral argument in September 2021. In March 2019, three related shareholder derivative lawsuits were filed in the Eighth Judicial District Court of the State of Nevada, in and for Clark County, against one of the Company’s current officers and a former officer as well as members of the Company’s board of directors, asserting claims for breach of fiduciary duty, waste of corporate assets, and unjust enrichment. By agreement of the parties and order of the court, those lawsuits were consolidated on July 18, 2019, and are presently stayed pending the outcome of the appeal of the Eastern District of Virginia matter. On August 20, 2019, a purported class action lawsuit was filed in the Superior Court of the State of California, County of Santa Clara, against the Company, directors of the Company, and a former officer of the Company, among other defendants. On September 16, 2019, a substantially similar purported class action lawsuit was filed in the United States District Court for the Northern District of California against the Company, directors of the Company, and a former officer of the Company, among other defendants. On November 8, 2019, a third purported class action lawsuit was filed in the Superior Court of the State of California, County of San Mateo, against the Company, directors of the Company, and a former officer of the Company, among other defendants. The third lawsuit was voluntarily dismissed by the plaintiff and re-filed in the Superior Court of the State of California, County of Santa Clara on November 26, 2019, and thereafter was consolidated with the earlier-filed action in the same court on December 10, 2019. The California lawsuits assert claims under Sections 11, 12 and 15 of the Securities Act of 1933, as amended, and are premised on allegedly false and/or misleading statements, and alleged non-disclosure of material facts, regarding the Company’s prospects and expected performance. Plaintiff in the federal action filed an amended complaint on January 8, 2020. The putative class of plaintiffs in these cases includes all persons who acquired shares of the Company’s common stock pursuant to the offering documents filed with the Securities and Exchange Commission in connection with the April 2017 transaction that formed DXC. On July 15, 2020, the Superior Court of California, County of Santa Clara, denied the Company’s motion to stay the state court case but extended the Company’s deadline to seek dismissal of the state action, until after a decision on the Company’s motion to dismiss the federal action. The Company has since moved to dismiss the state action, and the court has continued the motion until after the outcome of the federal action. On July 27, 2020, the United States District Court for the Northern District of California granted the Company’s motion to dismiss the federal action. The Court’s order permitted plaintiffs to amend and refile their complaint within 60 days, and on September 25, 2020, the plaintiffs filed an amended complaint. On November 12, 2020, the Company filed a motion to dismiss the amended complaint. On April 30, 2021, the Court granted the Company’s motion to dismiss the amended complaint, while granting Plaintiffs leave to again amend and refile their complaint within 30 days. On June 1, 2021, the plaintiffs filed a third amended complaint, which the Company has moved to dismiss. A hearing on the Company’s motion is scheduled for October 2021. On October 2, 2019, a shareholder derivative lawsuit was filed in the Eighth Judicial District Court of the State of Nevada, in and for Clark County, asserting various claims, including for breach of fiduciary duty and unjust enrichment, and challenging certain sales of securities by officers under Rule 10b5-1 plans. The shareholder filed this action after making a demand on the board of directors, alleging breaches of fiduciary duty, corporate waste and disclosure violations, and demanding that the Board take certain actions to evaluate the allegations and respond. The Company’s board of directors analyzed the demand, and has determined to defer its decision on the demand pending developments in the securities and derivative lawsuits described above. The Company moved to dismiss the complaint on the basis that the Board’s decision to defer action was not a refusal of the demand and was within its discretion. The Company’s motion to dismiss was denied on January 22, 2020. By agreement of the parties and order of the court, the case is presently stayed, pending the outcome of the appeal in the Eastern District of Virginia matter. On March 31, 2020, a group of individual shareholders filed a complaint in the United States District Court for the Northern District of California, asserting non-class claims based on allegations substantially similar to those at issue in the earlier-filed putative class action complaints pending in the Northern District of California and Eastern District of Virginia. The plaintiffs assert claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and under Sections 11 and 15 of the Securities Act of 1933, as amended. On April 29, 2020, the court granted an administrative motion to relate the case with the earlier-filed putative class action pending in the Northern District of California. And on May 13, 2020, the parties filed a stipulation requesting to stay the case subject to resolution of the motions to dismiss in the Northern District of California and Eastern District of Virginia class actions. The Company believes that the lawsuits described above are without merit, and it intends to vigorously defend them. Voluntary Disclosure of Certain Possible Sanctions Law Violations: On February 2, 2017, CSC submitted an initial notification of voluntary disclosure to the U.S. Department of Treasury, Office of Foreign Assets Control (“OFAC”) regarding certain possible violations of U.S. sanctions laws pertaining to insurance premium data and claims data processed by two partially-owned joint ventures of Xchanging, which CSC acquired during the first quarter of fiscal 2017. A copy of the disclosure was also provided to Her Majesty’s Treasury Office of Financial Sanctions Implementation in the United Kingdom. The Company has substantially completed its internal investigation. The Company provided supplemental information to OFAC on January 31, 2020 and continues to work with OFAC on these issues. Tax Examinations: The Company is under IRS examination in the U.S. on its federal income tax returns for certain fiscal years and is in disagreement with the IRS on certain of our tax positions. See Note 16 – “Income Taxes” for further information. In addition to the matters noted above, the Company is currently subject in the normal course of business to various claims and contingencies arising from, among other things, disputes with customers, vendors, employees, contract counterparties and other parties, as well as securities matters, environmental matters, matters concerning the licensing and use of intellectual property, and inquiries and investigations by regulatory authorities and government agencies. Some of these disputes involve or may involve litigation. The financial statements reflect the treatment of claims and contingencies based on management’s view of the expected outcome. DXC consults with outside legal counsel on issues related to litigation and regulatory compliance and seeks input from other experts and advisors with respect to matters in the ordinary course of business. Although the outcome of these and other matters cannot be predicted with certainty, and the impact of the final resolution of these and other matters on the Company’s results of operations in a particular subsequent reporting period could be material and adverse, management does not believe based on information currently available to the Company, that the resolution of any of the matters currently pending against the Company will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due. Unless otherwise noted, the Company is unable to determine at this time a reasonable estimate of a possible loss or range of losses associated with the foregoing disclosed contingent matters.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation In order to make this report easier to read, DXC refers throughout to (i) the interim unaudited Condensed Consolidated Financial Statements as the “financial statements,” (ii) the Condensed Consolidated Statements of Operations as the “statements of operations,” (iii) the Condensed Consolidated Statements of Comprehensive Income (Loss) as the “statements of comprehensive income,” (iv) the Condensed Consolidated Balance Sheets as the “balance sheets,” and (v) the Condensed Consolidated Statements of Cash Flows as the “statements of cash flows.” In addition, references throughout to numbered “Notes” refer to the numbered Notes in these Notes to Condensed Consolidated Financial Statements, unless otherwise noted. The accompanying financial statements include the accounts of DXC, its consolidated subsidiaries, and those business entities in which DXC maintains a controlling interest. Investments in business entities in which the Company does not have control, but has the ability to exercise significant influence over operating and financial policies, are accounted for by the equity method. Other investments are accounted for by the cost method. Non-controlling interests are presented as a separate component within equity in the balance sheets. Net earnings attributable to the non-controlling interests are presented separately in the statements of operations and comprehensive income attributable to non-controlling interests are presented separately in the statements of comprehensive income. All intercompany transactions and balances have been eliminated. Certain amounts reported in the previous year have been reclassified to conform to the current year presentation. The financial statements of the Company have been prepared in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports and accounting principles generally accepted in the United States (“GAAP”). Certain disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules. These financial statements should therefore be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021 (“fiscal 2021”).
Use of Estimates	Use of EstimatesThe preparation of the financial statements, in accordance with GAAP, requires the Company’s management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expense during the reporting period. The Company bases its estimates on assumptions regarding historical experience, currently available information, and anticipated developments that it believes are reasonable and appropriate. However, because the use of estimates involves an inherent degree of uncertainty, actual results could differ from those estimates. The severity, magnitude and duration, as well as the economic consequences of the coronavirus disease 2019 (“COVID-19”) crisis, are uncertain, rapidly changing and difficult to predict. Therefore, accounting estimates and assumptions may change over time in response to the COVID-19 crisis and may change materially in future periods. Estimates are used for, but are not limited to, contracts accounted for using the percentage -of-completion method, cash flows used in the evaluation of impairment of goodwill and other long-lived assets, reserves for uncertain tax positions, valuation allowances on deferred tax assets, loss accruals for litigation, and obligations related to our pension plans. In the opinion of the Company’s management, the accompanying financial statements contain all adjustments necessary, including those of a normal recurring nature, to fairly present the financial statements. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements During the three months ended June 30, 2021, DXC adopted the following Accounting Standards Update (“ASU”) issued by the Financial Accounting Standards Board: Date Issued and ASU Date Adopted and Method Description Impact December 2019 ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” April 1, 2021 This update is intended to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The transition method (retrospective, modified retrospective, or prospective basis) related to the amendments depends on the applicable guidance, and all amendments for which there is no transition guidance specified are applied on a prospective basis. The Company determined that this standard had no material impact to its condensed consolidated financial statements following adoption. The following ASU was recently issued but has not yet been adopted by DXC: Date Issued and ASU DXC Effective Date Description Impact July 2021 ASU 2021-05, “Leases (Topic 842): Lessors–Certain Leases with Variable Lease Payments” April 1, 2022 The amendments in this update modify lease classification requirements for lessors, providing that lease contracts with variable lease payments that do not depend on a reference index or a rate should be classified as operating leases if they would have been classified as a sales-type or direct financing lease and resulted in the recognition of a selling loss at lease commencement. The Company is currently evaluating the potential impact this standard may have on its financial statements in future reporting periods. Other recently issued ASUs effective after June 30, 2021 are not expected to have a material effect on DXC’s consolidated financial statements.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of Recently Adopted Accounting Pronouncements and New Accounting Pronouncements	During the three months ended June 30, 2021, DXC adopted the following Accounting Standards Update (“ASU”) issued by the Financial Accounting Standards Board: Date Issued and ASU Date Adopted and Method Description Impact December 2019 ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” April 1, 2021 This update is intended to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The transition method (retrospective, modified retrospective, or prospective basis) related to the amendments depends on the applicable guidance, and all amendments for which there is no transition guidance specified are applied on a prospective basis. The Company determined that this standard had no material impact to its condensed consolidated financial statements following adoption. The following ASU was recently issued but has not yet been adopted by DXC: Date Issued and ASU DXC Effective Date Description Impact July 2021 ASU 2021-05, “Leases (Topic 842): Lessors–Certain Leases with Variable Lease Payments” April 1, 2022 The amendments in this update modify lease classification requirements for lessors, providing that lease contracts with variable lease payments that do not depend on a reference index or a rate should be classified as operating leases if they would have been classified as a sales-type or direct financing lease and resulted in the recognition of a selling loss at lease commencement. The Company is currently evaluating the potential impact this standard may have on its financial statements in future reporting periods.

Divestitures (Tables)

Divestitures (Tables)	3 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Summary of Discontinued Operations	The following is a summary of the assets and liabilities distributed as part of the HPS Sale on April 1, 2021: (in millions) As of April 1, 2021 Assets: Cash and cash equivalents $ 34 Accounts receivable, net 62 Prepaid expenses 6 Total current assets 102 Intangible assets, net 101 Operating right-of-use assets, net 3 Goodwill 81 Deferred income taxes, net 62 Property and equipment, net 4 Other assets 15 Total non-current assets 266 Total assets $ 368 Liabilities: Accounts payable $ 4 Accrued payroll and related costs 7 Current operating lease liabilities 1 Accrued expenses and other current liabilities 14 Deferred revenue and advance contract payments 45 Total current liabilities 71 Non-current deferred revenue 10 Long-term operating lease liabilities 2 Other long-term liabilities 3 Total long-term liabilities 15 Total liabilities $ 86 The following is a summary of the assets and liabilities distributed as part of the HHS Sale on October 1, 2020: (in millions) As of October 1, 2020 Assets: Cash and cash equivalents $ 8 Accounts receivable, net 295 Prepaid expenses 39 Other current assets 2 Total current assets 344 Intangible assets, net 1,308 Operating right-of-use assets, net 74 Goodwill 1,354 Property and equipment, net 46 Other assets 54 Total non-current assets 2,836 Total assets $ 3,180 Liabilities: Accounts payable $ 79 Accrued payroll and related costs 13 Current operating lease liabilities 27 Accrued expenses and other current liabilities 36 Deferred revenue and advance contract payments 20 Total current liabilities 175 Non-current deferred revenue 32 Long-term operating lease liabilities 48 Other long term liabilities 2 Total long-term liabilities 82 Total liabilities $ 257

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	3 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) per Share	The following table reflects the calculation of basic and diluted EPS: Three Months Ended (in millions, except per-share amounts) June 30, 2021 June 30, 2020 Net income (loss) attributable to DXC common shareholders: $ 278 $ (205) Common share information: Weighted average common shares outstanding for basic EPS 254.67 253.63 Dilutive effect of stock options and equity awards 5.65 — Weighted average common shares outstanding for diluted EPS 260.32 253.63 Earnings (Loss) per share: Basic $ 1.09 $ (0.81) Diluted $ 1.07 $ (0.81)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The number of awards excluded were as follows: Three Months Ended June 30, 2021 June 30, 2020 (1) Stock Options 529,216 1,749,189 Restricted Stock Units 759,922 3,149,436 Performance Stock Units 393,802 233,762 (1)

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Summary of Allowance for Doubtful Accounts for Trade Accounts Receivable	The following table presents the activity in allowances against trade accounts receivables: As of (in millions) June 30, 2021 March 31, 2021 Beginning balance $ 91 $ 74 Impact of adoption of the Credit Loss Standard — 4 (Reversals) provisions for expected credit losses (3) 53 Other adjustments to allowance and write off’s (4) (40) Ending balance $ 84 $ 91
Summary of Transfer of Assets Accounted for as Sales, Deferred Purchase Price	The following table is a reconciliation of the beginning and ending balances of the DPP: (in millions) As of June 30, 2020 Beginning balance, as of April 1, 2020 $ 103 Transfers of receivables 417 Collections (420) Change in funding availability 2 Facility amendments (102) Ending balance $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Components of Lease Expense and Supplemental Cash Flow Information Related to Leases	The components of lease expense were as follows: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Operating lease cost $ 130 $ 156 Short-term lease cost 11 15 Variable lease cost 18 8 Sublease income (9) (12) Total operating costs $ 150 $ 167 The components of lease expense were as follows: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Amortization of right-of-use assets $ 87 $ 116 Interest on lease liabilities 9 14 Total finance lease cost $ 96 $ 130 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Interest paid for finance lease liabilities – Operating cash flows $ 9 $ 14 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 170 138 Total cash paid in the measurement of finance lease obligations $ 179 $ 152 Capital expenditures through finance lease obligations (1) $ 71 $ 88 (1) See Note 19 – ”Cash Flows” for further information on non-cash activities affecting cash flows.
Supplemental Balance Sheet Information Related to Leases	Cash payments made for variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and as such, are excluded from the supplemental cash flow information stated below. (in millions) Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 130 $ 156 ROU assets obtained in exchange for operating lease liabilities (1) $ 52 $ 275 (1) Net of $242 million and $58 million in lease modifications and terminations during the first quarters of fiscal 2022 and 2021, respectively. See Note 19 – “Cash Flows” for further information on non-cash activities affecting cash flows. The following table presents operating lease balances: As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 ROU operating lease assets Operating right-of-use assets, net $ 1,299 $ 1,366 Operating lease liabilities Current operating lease liabilities $ 413 $ 418 Operating lease liabilities Non-current operating lease liabilities 971 1,038 Total operating lease liabilities $ 1,384 $ 1,456 The weighted-average operating lease term was 4.8 years and 4.9 years as of June 30, 2021 and March 31, 2021, respectively. The weighted-average operating lease discount rate was 3.7% and 3.8% as of June 30, 2021 and March 31, 2021, respectively. The following table presents finance lease balances: As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 ROU finance lease assets Property and Equipment, net $ 835 $ 834 Finance lease Short-term debt and current maturities of long-term debt $ 360 $ 398 Finance lease Long-term debt, net of current maturities 448 496 Total finance lease liabilities (1) $ 808 $ 894 (1) See Note 12 – “Debt” for further information on finance lease liabilities.
Maturities of Operating Lease Liabilities	The following maturity analysis presents expected undiscounted cash payments for operating as of June 30, 2021: Fiscal Year (in millions) Remainder of 2022 2023 2024 2025 2026 Thereafter Total Operating lease payments $ 345 $ 374 $ 277 $ 201 $ 114 $ 209 $ 1,520 Less: imputed interest (136) Total operating lease liabilities $ 1,384
Maturities of Finance Lease Liabilities	The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2021: Fiscal Year (in millions) Remainder of 2022 2023 2024 2025 2026 Thereafter Total Finance lease payments $ 314 $ 274 $ 159 $ 72 $ 22 $ 1 $ 842 Less: imputed interest (34) Total finance lease liabilities $ 808

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis, excluding pension assets and derivative assets and liabilities. See Note 9 – “Derivative Instruments” for information about these excluded assets and liabilities. There were no transfers between any of the levels during the periods presented. Fair Value Hierarchy (in millions) June 30, 2021 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 13 $ 13 $ — $ — Time deposits (1) 67 67 — — Other securities (2) 59 — 56 3 Total assets $ 139 $ 80 $ 56 $ 3 Liabilities: Contingent consideration $ 24 $ — $ — $ 24 Total liabilities $ 24 $ — $ — $ 24 March 31, 2021 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 12 $ 12 $ — $ — Time deposits (1) 78 78 — — Other securities (2) 57 — 55 2 Total assets $ 147 $ 90 $ 55 $ 2 Liabilities: Contingent consideration $ 27 $ — $ — $ 27 Total liabilities $ 27 $ — $ — $ 27 (1) Cost basis approximated fair value due to the short period of time to maturity. (2) Other securities include available-for-sale equity security investments with Level 2 inputs that have a cost basis of $57 million and $57 million, and gains/(losses) of $(1) million and $(2) million, as of June 30, 2021 and March 31, 2021, respectively, included in other income, net in the Company’s statements of operations.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Not Designated For Hedge Accounting	The following table presents the pretax amounts impacting income related to designated and non-designated foreign currency forward contracts: For the Three Months Ended (in millions) Statement of Operations Line Item June 30, 2021 June 30, 2020 Foreign currency forward contracts Other income, net $ 35 $ 25
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following tables present the fair values of derivative instruments included in the balance sheets: Derivative Assets As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 Derivatives designated for hedge accounting: Foreign currency forward contracts Other current assets $ 8 $ 9 Total fair value of derivatives designated for hedge accounting $ 8 $ 9 Derivatives not designated for hedge accounting: Foreign currency forward contracts Other current assets $ 10 $ 3 Total fair value of derivatives not designated for hedge accounting $ 10 $ 3 Derivative Liabilities As of (in millions) Balance Sheet Line Item June 30, 2021 March 31, 2021 Derivatives designated for hedge accounting: Foreign currency forward contracts Accrued expenses and other current liabilities $ 5 $ 5 Total fair value of derivatives designated for hedge accounting: $ 5 $ 5 Derivatives not designated for hedge accounting: Foreign currency forward contracts Accrued expenses and other current liabilities $ 11 $ 3 Total fair value of derivatives not designated for hedge accounting $ 11 $ 3

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Amortizable Intangible Assets	Intangible assets consisted of the following: As of June 30, 2021 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 4,067 $ 2,843 $ 1,224 Customer related intangible assets 4,218 1,739 2,479 Other intangible assets 237 52 185 Total intangible assets $ 8,522 $ 4,634 $ 3,888 As of March 31, 2021 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 4,014 $ 2,733 $ 1,281 Customer related intangible assets 4,212 1,641 2,571 Other intangible assets 239 48 191 Total intangible assets $ 8,465 $ 4,422 $ 4,043
Schedule of Components of Amortization Expense	The components of amortization expense were as follows: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Intangible asset amortization $ 215 $ 253 Transition and transformation contract cost amortization (1) 49 61 Total amortization expense $ 264 $ 314 (1) Transaction and transformation contract costs are included within other assets on the balance sheet.
Estimated Future Amortization of Intangible Assets	Estimated future amortization related to intangible assets as of June 30, 2021 is as follows: Fiscal Year (in millions) Remainder of 2022 $ 650 2023 $ 762 2024 $ 663 2025 $ 556 2026 $ 515

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in the Carrying Amount of Goodwill by Segment	The following table summarizes the changes in the carrying amount of goodwill, by segment, as of June 30, 2021. (in millions) GBS GIS Total Goodwill, gross $ 5,131 $ 5,066 $ 10,197 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of March 31, 2021, net $ 641 $ — $ 641 Foreign currency translation (2) — (2) Goodwill, gross 5,129 5,066 10,195 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of June 30, 2021, net $ 639 $ — $ 639

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The following is a summary of the Company’s debt: (in millions) Interest Rates Fiscal Year Maturities June 30, 2021 March 31, 2021 Short-term debt and Commercial paper (1) (0.38)% - (0.15)% 2022 $ 237 $ 213 Current maturities of long-term debt Various 2022 - 2023 220 556 Current maturities of finance lease liabilities 0.35% - 17.68% 2022 - 2023 360 398 Short-term debt and current maturities of long-term debt $ 817 $ 1,167 Long-term debt, net of current maturities EUR term loan 0.80% (2) 2023 - 2024 $ 473 $ 469 $274 million Senior notes 4.45% 2023 — 154 $171 million Senior notes 4.45% 2023 — 165 $500 million Senior notes 4.25% 2025 504 504 $500 million Senior notes 4.125% 2026 463 496 £250 million Senior notes 2.75% 2025 343 343 €650 million Senior notes 1.75% 2026 767 760 $500 million Senior notes 4.75% 2028 506 506 $234 million Senior notes 7.45% 2030 267 268 Finance lease liabilities 0.35% - 17.68% 2022 - 2027 808 894 Borrowings for assets acquired under long-term financing 0.00% - 5.78% 2022 - 2027 498 672 Mandatorily redeemable preferred stock outstanding 6.00% 2023 63 63 Other borrowings Various 2022 - 2023 4 5 Long-term debt 4,696 5,299 Less: current maturities 580 954 Long-term debt, net of current maturities $ 4,116 $ 4,345 (1) At DXC’s option, DXC can borrow up to a maximum of €1 billion. (2) At DXC’s option, the EUR term loan bears interest at the Eurocurrency Rate for a one-, two-, three-, or six-month interest period, plus a margin between 0.55% and 1.05%, based on published credit ratings of DXC.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Summary of Revenue Disaggregated by Geography	The following table presents DXC’s revenues disaggregated by geography, based on the location of incorporation of the DXC entity providing the related goods or services: Three Months Ended (in millions) June 30, 2021 June 30, 2020 United States $ 1,209 $ 1,709 United Kingdom 602 573 Other Europe 1,305 1,205 Australia 401 361 Other International 624 654 Total Revenues $ 4,141 $ 4,502
Summary of Contract Assets and Liabilities	The following table provides information about the balances of the Company’s trade receivables and contract assets and contract liabilities: As of (in millions) June 30, 2021 March 31, 2021 Trade receivables, net $ 2,802 $ 2,871 Contract assets $ 403 $ 351 Contract liabilities $ 1,630 $ 1,701 Change in contract liabilities were as follows: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Balance, beginning of period $ 1,701 $ 1,756 Deferred revenue 609 698 Recognition of deferred revenue (668) (719) Currency translation adjustment 6 30 Other (18) (2) Balance, end of period $ 1,630 $ 1,763

Restructuring Costs (Tables)

Restructuring Costs (Tables)	3 Months Ended
	Jun. 30, 2021
Restructuring Costs [Abstract]
Schedule of Restructuring Expense	The composition of restructuring liabilities by financial statement line item is as follows: As of (in millions) June 30, 2021 Accrued expenses and other current liabilities $ 170 Other long-term liabilities 35 Total $ 205
Schedule of Restructuring Liability	Restructuring Liability Reconciliations by Plan Restructuring Liability as of March 31, 2021 Costs Expensed, Net of Reversals Costs Not Affecting Restructuring Liability (1) Cash Paid Other (2) Restructuring Liability as of June 30, 2021 Fiscal 2022 Plan Workforce Reductions $ — $ 45 $ — $ (15) $ — $ 30 Facilities Costs — 20 (13) (4) — 3 Total $ — $ 65 $ (13) $ (19) $ — $ 33 Fiscal 2021 Plan Workforce Reductions $ 180 $ (1) $ — $ (77) $ 1 $ 103 Facilities Costs 3 5 (4) (1) (1) 2 Total $ 183 $ 4 $ (4) $ (78) $ — $ 105 Fiscal 2020 Plan Workforce Reductions $ 27 $ — $ — $ (6) $ — $ 21 Facilities Costs — — — — — — Total $ 27 $ — $ — $ (6) $ — $ 21 Other Prior Year Plans Workforce Reductions $ 19 $ — $ — $ (5) $ — $ 14 Facilities Costs 6 — — (3) — 3 Total $ 25 $ — $ — $ (8) $ — $ 17 Acquired Liabilities Workforce Reductions $ 34 $ (3) $ — $ (3) $ — $ 28 Facilities Costs $ 1 1 — (1) — 1 Total $ 35 $ (2) $ — $ (4) $ — $ 29 (1) Pension benefit augmentations recorded as a pension liability, asset impairments and restructuring costs associated with right-of-use assets. (2) Foreign currency translation adjustments.

Pension and Other Benefit Pla_2

Pension and Other Benefit Plans (Tables)	3 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The components of net periodic pension income were: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Service cost $ 23 $ 22 Interest cost 52 58 Expected return on assets (147) (153) Amortization of prior service costs (2) (2) Curtailment gain — (9) Recognition of actuarial loss — 11 Net periodic pension income $ (74) $ (73)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Class of Treasury Stock	The details of shares repurchased during the three months ended June 30, 2021 are shown below: Fiscal 2022 Fiscal Period Number of Shares Repurchased Average Price Per Share Amount 1st Quarter Open market purchases 1,750,000 $ 38.52 $ 67 Total 1,750,000 $ 38.52 $ 67
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table shows the changes in accumulated other comprehensive income (loss), net of taxes: (in millions) Foreign Currency Translation Adjustments Cash Flow Hedges Pension and Other Post-retirement Benefit Plans Accumulated Other Comprehensive Loss Balance at March 31, 2021 $ (554) $ (1) $ 253 $ (302) Other comprehensive loss before reclassifications (35) (1) — (36) Amounts reclassified from accumulated other comprehensive loss (1) (86) — (2) (88) Balance at June 30, 2021 $ (675) $ (2) $ 251 $ (426) (1) Includes net cumulative foreign currency translation losses of $86 million upon sale of foreign entities primarily related to the HPS business divestiture. See Note 4 – “Divestitures” for additional information. (in millions) Foreign Currency Translation Adjustments Cash Flow Hedges Available-for-sale Securities Pension and Other Post-retirement Benefit Plans Accumulated Other Comprehensive Loss Balance at March 31, 2020 $ (851) $ (20) $ 9 $ 259 $ (603) Other comprehensive loss before reclassifications (2) 7 4 — 9 Amounts reclassified from accumulated other comprehensive loss — 4 — (9) (5) Balance at June 30, 2020 $ (853) $ (9) $ 13 $ 250 $ (599)

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Share Based Compensation Shares Authorized Under Stock Option Plans	The Board has reserved for issuance shares of DXC common stock, par value $0.01 per share, under each of the plans as detailed below: As of June 30, 2021 Reserved for Available for DXC Employee Equity Plan 51,200,000 30,549,341 DXC Director Equity Plan 745,000 430,351 DXC Share Purchase Plan 250,000 147,789 Total 52,195,000 31,127,481
Disclosure of Share Based Compensation Arrangements by Share Based Payment Award	Stock Options Number of Option Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in millions) Outstanding as of March 31, 2021 1,675,580 $ 30.43 3.61 $ 8 Granted — $ — Exercised (331,914) $ 23.16 $ 5 Canceled/Forfeited — $ — Expired (27,016) $ 33.82 Outstanding as of June 30, 2021 1,316,650 $ 32.19 3.54 $ 11 Vested and exercisable as of June 30, 2021 1,316,650 $ 32.19 3.54 $ 11 Restricted Stock Employee Equity Plan Director Equity Plan Number of Weighted Average Grant Date Number of Weighted Average Grant Date Fair Value Outstanding as of March 31, 2021 8,326,220 $ 28.98 184,660 $ 28.42 Granted 2,787,947 $ 51.56 5,600 $ 31.96 Settled (1,515,475) $ 34.06 — $ — Canceled/Forfeited (593,725) $ 44.49 — $ — Outstanding as of June 30, 2021 9,004,967 $ 35.55 190,260 $ 28.52
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Share-Based Compensation Three Months Ended (in millions) June 30, 2021 June 30, 2020 Total share-based compensation cost $ 25 $ 16 Related income tax benefit $ 3 $ 1 Total intrinsic value of options exercised $ 5 $ — Tax benefits from exercised stock options and awards $ 11 $ 3

Cash Flows (Tables)

Cash Flows (Tables)	3 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Cash Payments for Interest on Indebtedness and for Taxes	Cash payments for interest on indebtedness and income taxes and other select non-cash activities are as follows: Three Months Ended (in millions) June 30, 2021 June 30, 2020 Cash paid for: Interest $ 65 $ 103 Taxes on income, net of refunds (1) $ 52 $ 31 Non-cash activities: Operating: ROU assets obtained in exchange for lease, net (2) $ 52 $ 275 Prepaid assets acquired under long-term financing $ 111 $ 2 Investing: Capital expenditures in accounts payable and accrued expenses $ 1 $ 11 Capital expenditures through finance lease obligations $ 71 $ 88 Assets acquired under long-term financing $ 35 $ 2 Decrease in deferred purchase price receivable $ — $ (52) Contingent consideration $ — $ 3 Financing: Dividends declared but not yet paid $ — $ 1 Shares repurchased but not settled in cash $ 19 $ — (1) Income tax refunds were $14 million and $18 million for the three months ended June 30, 2021 and June 30, 2020, respectively.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Operating Results by Reportable Segment	The following table summarizes operating results regularly provided to the CODM by reportable segment and a reconciliation to the financial statements: (in millions) GBS GIS Total Reportable Segments All Other Totals Three Months Ended June 30, 2021 Revenues $ 1,887 $ 2,254 $ 4,141 $ — $ 4,141 Segment profit $ 272 $ 131 $ 403 $ (71) $ 332 Depreciation and amortization (1) $ 40 $ 246 $ 286 $ 27 $ 313 Three Months Ended June 30, 2020 Revenues $ 2,174 $ 2,328 $ 4,502 $ — $ 4,502 Segment profit $ 215 $ 23 $ 238 $ (48) $ 190 Depreciation and amortization (1) $ 50 $ 267 $ 317 $ 27 $ 344 (1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $109 million and $148 million for the three months ended June 30, 2021 and 2020, respectively
Reconciliation of Consolidated Operating Income to Income Before Taxes	Three Months Ended (in millions) June 30, 2021 June 30, 2020 Profit Total profit for reportable segments $ 403 $ 238 All other loss (71) (48) Interest income 20 23 Interest expense (62) (106) Restructuring costs (67) (72) Transaction, separation and integration-related costs (9) (110) Amortization of acquired intangible assets (109) (148) Gains and (losses) on dispositions 347 — Debt extinguishment costs (28) — Pension and OPEB actuarial and settlement losses — (2) Income (loss) before income taxes $ 424 $ (225)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Long-term Purchase Agreements	Minimum purchase commitments as of June 30, 2021 were as follows: Fiscal year Minimum Purchase Commitment (in millions) Remainder of 2022 $ 1,517 2023 1,028 2024 536 2025 255 2026 255 Thereafter 16 Total $ 3,607
Schedule of Expiration of Financial Guarantees and Stand-by Letters of Credit Outstanding	The following table summarizes the expiration of the Company’s financial guarantees and stand-by letters of credit outstanding as of June 30, 2021: (in millions) Remainder of Fiscal 2022 Fiscal 2023 Fiscal 2024 and Thereafter Totals Surety bonds $ 57 $ 11 $ 11 $ 79 Letters of credit 160 46 521 727 Stand-by letters of credit 46 49 14 109 Totals $ 263 $ 106 $ 546 $ 915

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - Discontinued Operations, Disposed of by Sale € in Millions, $ in Millions	Apr. 01, 2021EUR (€)	Apr. 01, 2021USD ($)	Oct. 01, 2020USD ($)
HPS Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction consideration	€ 468	$ 551
HHS Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction consideration			$ 5,000

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Jan. 01, 2021	Jun. 30, 2021	Mar. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 639	$ 641
AXA Bank Germany
Business Acquisition [Line Items]
Total consideration transferred	$ 101
Business combination, recognized identifiable assets acquired and liabilities assumed, cash and equivalents	294
Business combination, recognized identifiable assets acquired and liabilities assumed, contract with customer, liability	197
Goodwill	$ 2

Divestitures - Narrative (Detai

Divestitures - Narrative (Details) € in Millions, $ in Millions	Apr. 01, 2021USD ($)	Oct. 01, 2020USD ($)	Oct. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2021USD ($)	Apr. 01, 2021EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of debt			$ 3,500	$ 352	$ 1,084
Gain (loss) on sale				$ 377	$ 0
Senior Notes, Due 2023 | Senior Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Effective interest rate	0.0445%			4.45%			0.0445%
Repayments of debt	$ 154			$ 319
Senior Notes, Due 2023 | Senior Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Effective interest rate	0.0445%			4.45%			0.0445%
Repayments of debt	$ 165
HPS Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction consideration	551						€ 468
Amount of consideration related to future services to be provided	12						€ 10
Gain (loss) on sale	$ 341
Series of Insignificant Disposal Groups | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale				$ 49		$ (10)
Sales price adjustment related to prior year dispositions				$ 13
HHS Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction consideration		$ 5,000
Gain (loss) on sale		2,014
Portion of consideration related to future services to be provided		85
HHS Business | Discontinued Operations, Disposed of by Sale | Milano Purchasers
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repurchase receivables transferred		272
Prepaid maintenance transferred		12
Software licenses transferred		$ 48

Divestitures - Assets and Liabi

Divestitures - Assets and Liabilities (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Millions	Apr. 01, 2021	Oct. 01, 2020
HPS Business
Assets:
Cash and cash equivalents	$ 34
Accounts receivable, net	62
Prepaid expenses	6
Total current assets	102
Intangible assets, net	101
Operating right-of-use assets, net	3
Goodwill	81
Deferred income taxes, net	62
Property and equipment, net	4
Other assets	15
Total non-current assets	266
Total assets	368
Liabilities:
Accounts payable	4
Accrued payroll and related costs	7
Current operating lease liabilities	1
Accrued expenses and other current liabilities	14
Deferred revenue and advance contract payments	45
Total current liabilities	71
Non-current deferred revenue	10
Long-term operating lease liabilities	2
Other long-term liabilities	3
Total long-term liabilities	15
Total liabilities	$ 86
HHS Business
Assets:
Cash and cash equivalents		$ 8
Accounts receivable, net		295
Prepaid expenses		39
Other current assets		2
Total current assets		344
Intangible assets, net		1,308
Operating right-of-use assets, net		74
Goodwill		1,354
Property and equipment, net		46
Other assets		54
Total non-current assets		2,836
Total assets		3,180
Liabilities:
Accounts payable		79
Accrued payroll and related costs		13
Current operating lease liabilities		27
Accrued expenses and other current liabilities		36
Deferred revenue and advance contract payments		20
Total current liabilities		175
Non-current deferred revenue		32
Long-term operating lease liabilities		48
Other long-term liabilities		2
Total long-term liabilities		82
Total liabilities		$ 257

Earnings (Loss) per Share - Sch

Earnings (Loss) per Share - Schedule of Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income (loss) attributable to DXC common shareholders	$ 278	$ (205)
Common share information:
Weighted average common shares outstanding for basic EPS (in shares)	254,670	253,630
Dilutive effect of stock options and equity awards (in shares)	5,650	0
Weighted average common shares outstanding for diluted EPS (in shares)	260,320	253,630
Earnings (Loss) per share:
Basic (in dollars per share)	$ 1.09	$ (0.81)
Diluted (in dollars per share)	$ 1.07	$ (0.81)

Earnings (Loss) per Share - S_2

Earnings (Loss) per Share - Schedule of Antidilutive Securities (Details) - shares	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted EPS (in shares)	529,216	1,749,189
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted EPS (in shares)	759,922	3,149,436
Performance Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted EPS (in shares)	393,802	233,762

Receivables - Allowance for Dou

Receivables - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 91	$ 74	$ 74
(Reversals) provisions for expected credit losses	(3)	35	53
Other adjustments to allowance and write off’s	(4)		(40)
Ending balance	84		91
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0	$ 4	4
Ending balance			$ 0

Receivables - Narrative (Detail

Receivables - Narrative (Details)	3 Months Ended
	Jun. 30, 2021USD ($)extension	Jul. 30, 2021USD ($)	Mar. 31, 2021USD ($)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Extension term	1 year
Purchasers
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables facility, amount	$ 500,000,000
Availability under receivable facility	380,000,000
Drawn amount	350,000,000
Receivable	$ (30,000,000)
Number of extensions | extension	1
Gain (loss) on sale of receivables	$ 0
Purchasers | Subsequent Event
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables facility, amount		$ 400,000,000
DE Purchasers
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables facility, amount			$ 102,000,000

Receivables - Reconciliation of

Receivables - Reconciliation of DPP (Details) - DE Purchasers $ in Millions	3 Months Ended
	Jun. 30, 2021USD ($)
Transfer of Financial Assets Accounted for as Sales, Deferred Purchase Price [Roll Forward]
Beginning balance	$ 103
Transfers of receivables	417
Collections	(420)
Change in funding availability	2
Facility amendments	(102)
Ending balance	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended
	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Extension term	10 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Termination term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	11 years
Termination term	3 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating lease expense
Operating lease cost	$ 130	$ 156
Short-term lease cost	11	15
Variable lease cost	18	8
Sublease income	(9)	(12)
Total operating costs	150	167
Finance lease expense
Amortization of right-of-use assets	87	116
Interest on lease liabilities	9	14
Total finance lease cost	$ 96	$ 130

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Leases, Supplemental Cash Flow Information [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows	$ 130	$ 156
ROU assets obtained in exchange for operating lease liabilities	52	275
Change in lease classification from operating to finance lease	242	58
Finance Leases, Supplemental Cash Flow Information [Abstract]
Interest paid for finance lease liabilities – Operating cash flows	9	14
Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows	170	138
Total cash paid in the measurement of finance lease obligations	179	152
Capital expenditures through finance lease obligations	$ 71	$ 88

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Operating Lease, Supplemental Balance Sheet Information [Abstract]
Operating right-of-use assets, net	$ 1,299	$ 1,366
Current operating lease liabilities	413	418
Non-current operating lease liabilities	971	1,038
Total operating lease liabilities	$ 1,384	$ 1,456
Weighted-average operating lease term	4 years 9 months 18 days	4 years 10 months 24 days
Weighted-average operating lease discount rate	3.70%	3.80%
Finance Lease, Supplemental Balance Sheet Information [Abstract]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property and equipment, net of accumulated depreciation of $4,120 and $4,121	Property and equipment, net of accumulated depreciation of $4,120 and $4,121
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Short-term debt and current maturities of long-term debt	Short-term debt and current maturities of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	us-gaap:LongTermDebtNoncurrent	us-gaap:LongTermDebtNoncurrent
ROU finance lease assets	$ 835	$ 834
Finance lease, liability, current	360	398
Finance lease, liability, noncurrent	448	496
Total finance lease liabilities	$ 808	$ 894
Weighted-average finance lease term	2 years 7 months 6 days	2 years 7 months 6 days
Weighted-average finance lease discount rate	3.40%	3.60%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Operating Leases
Remainder of 2022	$ 345
2023	374
2024	277
2025	201
2026	114
Thereafter	209
Operating lease payments	1,520
Less: imputed interest	(136)
Total operating lease liabilities	1,384	$ 1,456
Finance Leases
Remainder of 2022	314
2023	274
2024	159
2025	72
2026	22
Thereafter	1
Finance lease payments	842
Less: imputed interest	(34)
Total finance lease liabilities	$ 808	$ 894

Fair Value - Fair Value Measure

Fair Value - Fair Value Measurements on a Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Assets:
Other debt securities	$ 59	$ 57
Total assets	139	147
Liabilities:
Contingent consideration	24	27
Total liabilities	24	27
Level 1
Assets:
Other debt securities	0	0
Total assets	80	90
Liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Level 2
Assets:
Other debt securities	56	55
Total assets	56	55
Liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Cost basis	57	57
Unrealized losses	(1)	(2)
Level 3
Assets:
Other debt securities	3	2
Total assets	3	2
Liabilities:
Contingent consideration	24	27
Total liabilities	24	27
Money market funds and money market deposit accounts
Assets:
Cash and cash equivalents	13	12
Money market funds and money market deposit accounts | Level 1
Assets:
Cash and cash equivalents	13	12
Money market funds and money market deposit accounts | Level 2
Assets:
Cash and cash equivalents	0	0
Money market funds and money market deposit accounts | Level 3
Assets:
Cash and cash equivalents	0	0
Time deposits
Assets:
Cash and cash equivalents	67	78
Time deposits | Level 1
Assets:
Cash and cash equivalents	67	78
Time deposits | Level 2
Assets:
Cash and cash equivalents	0	0
Time deposits | Level 3
Assets:
Cash and cash equivalents	$ 0	$ 0

Fair Value - Other Fair Value D

Fair Value - Other Fair Value Disclosures (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net of current maturities	$ 4,116	$ 4,345
Goodwill impairment	0
Tangible asset impairment charges	0
Impairment of intangible assets	0
Impairment of other intangible assets	0
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net of current maturities	4,200	4,700
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net of current maturities	$ 3,900	$ 4,400

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2021USD ($)counterparty	Mar. 31, 2021USD ($)
Derivative [Line Items]
Foreign currency cash flow hedge gain to be reclassified during next 12 months	$ 2.2
Number of counterparties with concentration of credit risk | counterparty	8
Maximum exposure to loss	$ 5
Designated as Hedging Instrument
Derivative [Line Items]
Pretax gain (loss) on derivatives designated for hedge accounting included other comprehensive income	0
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Forward Contracts
Derivative [Line Items]
Notational amount of derivative	537	$ 546
Designated as Hedging Instrument | Net Investment Hedging | Foreign Currency Denominated Debt
Derivative [Line Items]
Notational amount of derivative	800	800
Pretax gain (loss) on derivatives designated for hedge accounting included other comprehensive income	(7)
Not Designated as Hedging Instrument | Foreign Currency Forward Contracts
Derivative [Line Items]
Notational amount of derivative	$ 1,300	$ 2,100

Derivative Instruments - Nondes

Derivative Instruments - Nondesignated Hedging (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Other income, net | Foreign currency forward contracts | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Pretax gain (loss) on derivative instruments	$ 35	$ 25

Derivative Instruments - Fair V

Derivative Instruments - Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Designated as Hedging Instrument | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 8	$ 9
Derivative liability, fair value	5	5
Designated as Hedging Instrument | Fair Value Hedging | Foreign currency forward contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	8	9
Designated as Hedging Instrument | Fair Value Hedging | Foreign currency forward contracts | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	5	5
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	10	3
Derivative liability, fair value	11	3
Not Designated as Hedging Instrument | Foreign currency forward contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	10	3
Not Designated as Hedging Instrument | Foreign currency forward contracts | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 11	$ 3

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 8,522	$ 8,465
Accumulated Amortization	4,634	4,422
Net Carrying Value	3,888	4,043
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,067	4,014
Accumulated Amortization	2,843	2,733
Net Carrying Value	1,224	1,281
Customer related intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,218	4,212
Accumulated Amortization	1,739	1,641
Net Carrying Value	2,479	2,571
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	237	239
Accumulated Amortization	52	48
Net Carrying Value	$ 185	$ 191

Intangible Assets - Components

Intangible Assets - Components of Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 264	$ 314
Intangible asset amortization
Finite-Lived Intangible Assets [Line Items]
Amortization expense	215	253
Transition and transformation contract cost amortization
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 49	$ 61

Intangible Assets - Estimated F

Intangible Assets - Estimated Future Amortization (Details) $ in Millions	Jun. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 650
2023	762
2024	663
2025	556
2026	$ 515

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, beginning balance	$ 641
Foreign currency translation	(2)
Goodwill, gross	10,195	$ 10,197
Accumulated impairment losses	(9,556)	(9,556)
Goodwill, ending balance	639
GBS
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, beginning balance	641
Foreign currency translation	(2)
Goodwill, gross	5,129	5,131
Accumulated impairment losses	(4,490)	(4,490)
Goodwill, ending balance	639
GIS
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, beginning balance	0
Foreign currency translation	0
Goodwill, gross	5,066	5,066
Accumulated impairment losses	(5,066)	$ (5,066)
Goodwill, ending balance	$ 0

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details)	3 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2021EUR (€)	Jun. 30, 2021GBP (£)	Apr. 01, 2021	Mar. 31, 2021USD ($)
Short-term debt and current maturities of long-term debt
Commercial paper	$ 237,000,000				$ 213,000,000
Current maturities of long-term debt	220,000,000				556,000,000
Current maturities of finance lease liabilities	360,000,000				398,000,000
Short-term debt and current maturities of long-term debt	817,000,000				1,167,000,000
Long-term debt, net of current maturities
Finance lease liabilities	808,000,000				894,000,000
Long-term debt	4,696,000,000				5,299,000,000
Less: current maturities	580,000,000				954,000,000
Long-term debt, net of current maturities	$ 4,116,000,000				4,345,000,000
Finance lease liabilities | Minimum
Debt Information [Abstract]
Effective interest rate	0.35%	0.35%	0.35%
Finance lease liabilities | Maximum
Debt Information [Abstract]
Effective interest rate	17.68%	17.68%	17.68%
Borrowings for assets acquired under long-term financing
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 498,000,000				672,000,000
Borrowings for assets acquired under long-term financing | Minimum
Debt Information [Abstract]
Effective interest rate	0.00%	0.00%	0.00%
Borrowings for assets acquired under long-term financing | Maximum
Debt Information [Abstract]
Effective interest rate	5.78%	5.78%	5.78%
Mandatorily redeemable preferred stock outstanding
Debt Information [Abstract]
Effective interest rate	6.00%	6.00%	6.00%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 63,000,000				63,000,000
Other borrowings
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 4,000,000				5,000,000
Commercial paper
Long-term debt, net of current maturities
Amount of multi-year committed revolving credit facility | €		€ 1,000,000,000
Commercial paper | Minimum
Debt Information [Abstract]
Weighted average interest rate	(0.38%)	(0.38%)	(0.38%)
Commercial paper | Maximum
Debt Information [Abstract]
Weighted average interest rate	(0.15%)	(0.15%)	(0.15%)
Current maturities of finance lease liabilities | Minimum
Debt Information [Abstract]
Effective interest rate	0.35%	0.35%	0.35%
Current maturities of finance lease liabilities | Maximum
Debt Information [Abstract]
Effective interest rate	17.68%	17.68%	17.68%
Term Loan Payable, EUR, Due 2023-2024 | Term loan
Debt Information [Abstract]
Effective interest rate	0.80%	0.80%	0.80%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 473,000,000				469,000,000
Term Loan Payable, EUR, Due 2023-2024 | EURIBOR | Term loan | Minimum
Long-term debt, net of current maturities
Basis spread on variable rate	0.55%
Term Loan Payable, EUR, Due 2023-2024 | EURIBOR | Term loan | Maximum
Long-term debt, net of current maturities
Basis spread on variable rate	1.05%
Senior Notes Due 2023 | Senior notes
Debt Information [Abstract]
Face amount	$ 274,000,000
Effective interest rate	4.45%	4.45%	4.45%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 0				154,000,000
Senior Notes, Due 2023 | Senior notes
Debt Information [Abstract]
Face amount	$ 171,000,000
Effective interest rate	4.45%	4.45%	4.45%	0.0445%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 0				165,000,000
Senior Notes Due 2025 | Senior notes
Debt Information [Abstract]
Face amount	$ 500,000,000
Effective interest rate	4.25%	4.25%	4.25%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 504,000,000				504,000,000
Senior Notes, Due 2026 | Senior notes
Debt Information [Abstract]
Face amount	$ 500,000,000
Effective interest rate	4.125%	4.125%	4.125%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 463,000,000				496,000,000
Senior Notes Due 2025 | Senior notes
Debt Information [Abstract]
Face amount | £			£ 250,000,000
Effective interest rate	2.75%	2.75%	2.75%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 343,000,000				343,000,000
Senior Notes Due 2026 | Senior notes
Debt Information [Abstract]
Face amount | €		€ 650,000,000
Effective interest rate	1.75%	1.75%	1.75%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 767,000,000				760,000,000
Senior Notes Due 2028 | Senior notes
Debt Information [Abstract]
Face amount	$ 500,000,000
Effective interest rate	4.75%	4.75%	4.75%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 506,000,000				506,000,000
Senior Notes Due 2030 | Senior notes
Debt Information [Abstract]
Face amount	$ 234,000,000
Effective interest rate	7.45%	7.45%	7.45%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 267,000,000				$ 268,000,000

Debt - Narrative (Details)

Debt - Narrative (Details)	Apr. 01, 2021USD ($)	Oct. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021EUR (€)	Jun. 30, 2021GBP (£)
Debt Instrument [Line Items]
Repayments of debt		$ 3,500,000,000	$ 352,000,000	$ 1,084,000,000
Senior notes | Senior Notes, Due 2023
Debt Instrument [Line Items]
Repayments of debt	$ 154,000,000		$ 319,000,000
Effective interest rate	0.0445%		4.45%		4.45%	4.45%
Senior notes | Senior Notes, Due 2026
Debt Instrument [Line Items]
Effective interest rate			4.125%		4.125%	4.125%
Face amount			$ 500,000,000
Debt repurchased			$ 33,000,000
Senior notes | Senior Notes Due 2025
Debt Instrument [Line Items]
Effective interest rate			2.75%		2.75%	2.75%
Face amount | £						£ 250,000,000
Senior notes | Senior Notes Due 2026
Debt Instrument [Line Items]
Face amount | €					€ 650,000,000

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 4,141	$ 4,502
United States
Disaggregation of Revenue [Line Items]
Revenues	1,209	1,709
United Kingdom
Disaggregation of Revenue [Line Items]
Revenues	602	573
Other Europe
Disaggregation of Revenue [Line Items]
Revenues	1,305	1,205
Australia
Disaggregation of Revenue [Line Items]
Revenues	401	361
Other International
Disaggregation of Revenue [Line Items]
Revenues	$ 624	$ 654

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Billions	Jun. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 24
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	33.00%
Remaining performance obligation period	9 months

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Trade receivables, net	$ 2,802	$ 2,871
Contract assets	403	351
Contract liabilities	$ 1,630	$ 1,701	$ 1,763	$ 1,756

Revenue - Change in Contract Li

Revenue - Change in Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Change In Contract With Customer, Liability [Roll Forward]
Balance, beginning of period	$ 1,701	$ 1,756
Deferred revenue	609	698
Recognition of deferred revenue	(668)	(719)
Currency translation adjustment	6	30
Other	(18)	(2)
Balance, end of period	$ 1,630	$ 1,763

Restructuring Costs - Narrative

Restructuring Costs - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 67	$ 72
Fiscal 2022 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs	65
Amortization of right-of-use assets and interest expense for leases vacated	2
Fiscal 2022 Plan | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring costs	45
Fiscal 2022 Plan | Facilities Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	20
Fiscal 2021 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs	4
Cost incurred to date	542
Fiscal 2021 Plan | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(1)
Cost incurred to date	500
Fiscal 2021 Plan | Facilities Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	5
Cost incurred to date	42
Fiscal 2020 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0
Cost incurred to date	296
Fiscal 2020 Plan | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0
Cost incurred to date	279
Fiscal 2020 Plan | Facilities Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0
Cost incurred to date	17
Fiscal 2018 Plan
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	1,477
Fiscal 2018 Plan | Employee Severance
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	1,139
Fiscal 2018 Plan | Facilities Costs
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	$ 338

Restructuring Costs - Compositi

Restructuring Costs - Composition of Restructuring Liability (Details) $ in Millions	Jun. 30, 2021USD ($)
Restructuring Costs [Abstract]
Accrued expenses and other current liabilities	$ 170
Other long-term liabilities	35
Total	$ 205

Restructuring Costs - Restructu

Restructuring Costs - Restructuring Liability (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Restructuring Reserve [Roll Forward]
Costs Expensed, Net of Reversals	$ 67	$ 72
Restructuring Liability, ending balance	205
Fiscal 2022 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	0
Costs Expensed, Net of Reversals	65
Costs Not Affecting Restructuring Liability	(13)
Cash Paid	(19)
Other	0
Restructuring Liability, ending balance	33
Fiscal 2022 Plan | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	0
Costs Expensed, Net of Reversals	45
Costs Not Affecting Restructuring Liability	0
Cash Paid	(15)
Other	0
Restructuring Liability, ending balance	30
Fiscal 2022 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	0
Costs Expensed, Net of Reversals	20
Costs Not Affecting Restructuring Liability	(13)
Cash Paid	(4)
Other	0
Restructuring Liability, ending balance	3
Fiscal 2021 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	183
Costs Expensed, Net of Reversals	4
Costs Not Affecting Restructuring Liability	(4)
Cash Paid	(78)
Other	0
Restructuring Liability, ending balance	105
Fiscal 2021 Plan | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	180
Costs Expensed, Net of Reversals	(1)
Costs Not Affecting Restructuring Liability	0
Cash Paid	(77)
Other	1
Restructuring Liability, ending balance	103
Fiscal 2021 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	3
Costs Expensed, Net of Reversals	5
Costs Not Affecting Restructuring Liability	(4)
Cash Paid	(1)
Other	(1)
Restructuring Liability, ending balance	2
Fiscal 2020 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	27
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	(6)
Other	0
Restructuring Liability, ending balance	21
Fiscal 2020 Plan | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	27
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	(6)
Other	0
Restructuring Liability, ending balance	21
Fiscal 2020 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	0
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	0
Other	0
Restructuring Liability, ending balance	0
Other Prior Year Plans
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	25
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	(8)
Other	0
Restructuring Liability, ending balance	17
Other Prior Year Plans | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	19
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	(5)
Other	0
Restructuring Liability, ending balance	14
Other Prior Year Plans | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	6
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	(3)
Other	0
Restructuring Liability, ending balance	3
Acquired Liabilities
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	35
Costs Expensed, Net of Reversals	(2)
Costs Not Affecting Restructuring Liability	0
Cash Paid	(4)
Other	0
Restructuring Liability, ending balance	29
Acquired Liabilities | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	34
Costs Expensed, Net of Reversals	(3)
Costs Not Affecting Restructuring Liability	0
Cash Paid	(3)
Other	0
Restructuring Liability, ending balance	28
Acquired Liabilities | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	1
Costs Expensed, Net of Reversals	1
Costs Not Affecting Restructuring Liability	0
Cash Paid	(1)
Other	0
Restructuring Liability, ending balance	$ 1

Pension and Other Benefit Pla_3

Pension and Other Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plan, liability	$ 43	$ 42
Directors
Defined Benefit Plan Disclosure [Line Items]
Maximum deferral percentage	100.00%

Pension and Other Benefit Pla_4

Pension and Other Benefit Plans - Pension Plan, Net Periodic Costs and Other Changes (Details) - Pension Plans, Defined Benefit - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 23	$ 22
Interest cost	52	58
Expected return on assets	(147)	(153)
Amortization of prior service costs	(2)	(2)
Curtailment gain	0	(9)
Recognition of actuarial loss	0	11
Net periodic pension income	$ (74)	$ (73)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2019	Apr. 01, 2017
Income Tax Contingency [Line Items]
Effective income tax rate	33.50%	11.60%
Foreign earnings not indefinitely reinvested			$ 530
Potential federal and state cost from tax examinations	$ 407
Increase in liability for uncertain tax positions	4
Reasonably possible reduction in liability for uncertain tax positions	$ 63
HPES
Income Tax Contingency [Line Items]
Tax indemnification receivable, uncertain tax positions					$ 34
Tax indemnification receivable, tax indemnification payable					66
Tax indemnification payable					$ 118
Perspecta
Income Tax Contingency [Line Items]
Tax indemnification receivable				$ 72
Tax indemnification payable				$ 29

Stockholders' Equity - Capital

Stockholders' Equity - Capital Stock and Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Nov. 08, 2018	Apr. 03, 2017
Equity [Abstract]
Initial authorization				$ 2,000
Additional authorization			$ 2,000
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	1,750,000	0
Average price per share (in dollars per share)	$ 38.52
Amount	$ 67
Open market purchases
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	1,750,000
Average price per share (in dollars per share)	$ 38.52
Amount	$ 67

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	$ 5,308	$ 5,129
Other comprehensive loss before reclassifications	(36)	9
Amounts reclassified from accumulated other comprehensive loss	(88)	(5)
Ending balance	5,386	4,942
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(554)	(851)
Other comprehensive loss before reclassifications	(35)	(2)
Amounts reclassified from accumulated other comprehensive loss	(86)	0
Ending balance	(675)	(853)
Foreign Currency Translation Adjustments | HPS Business
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Amounts reclassified from accumulated other comprehensive loss	(86)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(1)	(20)
Other comprehensive loss before reclassifications	(1)	7
Amounts reclassified from accumulated other comprehensive loss	0	4
Ending balance	(2)	(9)
Available-for-sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance		9
Other comprehensive loss before reclassifications		4
Amounts reclassified from accumulated other comprehensive loss		0
Ending balance		13
Pension and Other Post-retirement Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	253	259
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	(2)	(9)
Ending balance	251	250
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(302)	(603)
Ending balance	$ (426)	$ (599)

Stock Incentive Plans - Narrati

Stock Incentive Plans - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2021USD ($)anniversaryshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan term	10 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares to be received (in shares)	1
Total unrecognized compensation expense related to unvested awards, net of expected forfeitures | $	$ 255
Weighted average period over which cost is expected to be recognized (in years)	2 years 4 months 9 days
Restricted Stock Units | Five Years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual installments	5 years
Restricted Stock Units | Ten Years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual installments	10 years
Restricted Stock Units | Fifteen Years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual installments	15 years
Restricted Stock Units | Service-Based RSU's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of anniversaries over which shares are settled | anniversary	10
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Award vesting rights, percentage	25.00%
Performance period	3 years
DXC Share Purchase Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased under plan (in shares)	7,519

Stock Incentive Plans - Schedul

Stock Incentive Plans - Schedule of Share Based Compensation Shares Authorized (Details) - $ / shares	Jun. 30, 2021	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Reserved for Issuance (in shares)	52,195,000
Available for Future Grants (in shares)	31,127,481
DXC Employee Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved for Issuance (in shares)	51,200,000
Available for Future Grants (in shares)	30,549,341
DXC Director Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved for Issuance (in shares)	745,000
Available for Future Grants (in shares)	430,351
DXC Share Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved for Issuance (in shares)	250,000
Available for Future Grants (in shares)	147,789

Stock Incentive Plans - Sched_2

Stock Incentive Plans - Schedule of Options (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Mar. 31, 2021
Additional Disclosures
Total intrinsic value of options exercised	$ 5	$ 0
Stock Options
Number of Option Shares
Outstanding beginning of period (in shares)	1,675,580
Granted (in shares)	0
Exercised (in shares)	(331,914)
Canceled/Forfeited (in shares)	0
Expired (in shares)	(27,016)
Outstanding end of period (in shares)	1,316,650
Outstanding (in shares)	1,316,650
Weighted Average Exercise Price
Weighted average exercise price - beginning of period (in dollars per share)	$ 30.43
Weighted average exercise price - granted (in dollars per share)	0
Weighted average exercise price - exercised (in dollars per share)	23.16
Weighted average exercise price - canceled/forfeited (in dollars per share)	0
Weighted average exercise price - expired (in dollars per share)	33.82
Weighted average exercise price - end of period (in dollars per share)	32.19
Weighted Average Exercise Price (in dollars per share)	$ 32.19
Additional Disclosures
Weighted average remaining contractual life (in years)	3 years 6 months 14 days		3 years 7 months 9 days
Weighted Average Remaining Contractual Term	3 years 6 months 14 days
Aggregate intrinsic value	$ 11			$ 8
Total intrinsic value of options exercised	5
Aggregate Intrinsic Value (in millions)	$ 11

Stock Incentive Plans - Sched_3

Stock Incentive Plans - Schedule of RSUs (Details) - Restricted Stock Units	3 Months Ended
	Jun. 30, 2021$ / sharesshares
DXC Employee Equity Plan
Number of Shares
Equity instruments other than options nonvested - beginning balance (in shares) | shares	8,326,220
Equity instruments other than options nonvested - granted (in shares) | shares	2,787,947
Equity instruments other than options nonvested - settled (in shares) | shares	(1,515,475)
Equity instruments other than options nonvested - canceled/forfeited (in shares) | shares	(593,725)
Equity instruments other than options nonvested - ending balance (in shares) | shares	9,004,967
Weighted Average Grant Date Fair Value
Weighted average fair value other than options - beginning balance (in dollars per share) | $ / shares	$ 28.98
Weighted average fair value other than options - granted (in dollars per share) | $ / shares	51.56
Weighted average fair value other than options - settled (in dollars per share) | $ / shares	34.06
Weighted average fair value other than options - canceled/forfeited (in dollars per share) | $ / shares	44.49
Weighted average fair value other than options - ending balance (in dollars per share) | $ / shares	$ 35.55
DXC Director Equity Plan
Number of Shares
Equity instruments other than options nonvested - beginning balance (in shares) | shares	184,660
Equity instruments other than options nonvested - granted (in shares) | shares	5,600
Equity instruments other than options nonvested - settled (in shares) | shares	0
Equity instruments other than options nonvested - canceled/forfeited (in shares) | shares	0
Equity instruments other than options nonvested - ending balance (in shares) | shares	190,260
Weighted Average Grant Date Fair Value
Weighted average fair value other than options - beginning balance (in dollars per share) | $ / shares	$ 28.42
Weighted average fair value other than options - granted (in dollars per share) | $ / shares	31.96
Weighted average fair value other than options - settled (in dollars per share) | $ / shares	0
Weighted average fair value other than options - canceled/forfeited (in dollars per share) | $ / shares	0
Weighted average fair value other than options - ending balance (in dollars per share) | $ / shares	$ 28.52

Stock Incentive Plans - Sched_4

Stock Incentive Plans - Schedule of Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Total share-based compensation cost	$ 25	$ 16
Related income tax benefit	3	1
Total intrinsic value of options exercised	5	0
Tax benefits from exercised stock options and awards	$ 11	$ 3

Cash Flows (Details)

Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash paid for:
Interest	$ 65	$ 103
Taxes on income, net of refunds	52	31
Operating:
ROU assets obtained in exchange for operating lease liabilities	52	275
Prepaid assets acquired under long-term financing	111	2
Investing:
Capital expenditures in accounts payable and accrued expenses	1	11
Capital expenditures through finance lease obligations	71	88
Assets acquired under long-term financing	35	2
Decrease in deferred purchase price receivable	0	(52)
Contingent consideration	0	3
Financing:
Dividends declared but not yet paid	0	1
Shares repurchased but not settled in cash	19	0
Income tax refunds	14	18
Change in lease classification from operating to finance lease	$ 242	$ 58

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 4,141	$ 4,502
Segment profit	332	190
Depreciation and amortization	313	344
Amortization of acquired intangible assets	109	148
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Segment profit	332	190
Interest income	20	23
Interest expense	(62)	(106)
Restructuring costs	(67)	(72)
Transaction, separation and integration-related costs	(9)	(110)
Amortization of acquired intangible assets	(109)	(148)
Gains and (losses) on dispositions	347	0
Debt extinguishment costs	(28)	0
Pension and OPEB actuarial and settlement losses	0	(2)
Income (loss) before income taxes	424	(225)
Operating segments
Segment Reporting Information [Line Items]
Revenues	4,141	4,502
Segment profit	403	238
Depreciation and amortization	286	317
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Segment profit	403	238
All Other
Segment Reporting Information [Line Items]
Revenues	0	0
Segment profit	(71)	(48)
Depreciation and amortization	27	27
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Segment profit	(71)	(48)
GBS | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,887	2,174
Segment profit	272	215
Depreciation and amortization	40	50
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Segment profit	272	215
GIS | Operating segments
Segment Reporting Information [Line Items]
Revenues	2,254	2,328
Segment profit	131	23
Depreciation and amortization	246	267
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Segment profit	$ 131	$ 23

Commitments and Contingencies -

Commitments and Contingencies - Minimum Purchase Commitments (Details) $ in Millions	3 Months Ended
	Jun. 30, 2021USD ($)
Minimum purchase commitments [Abstract]
Remainder of 2022	$ 1,517
2023	1,028
2024	536
2025	255
2026	255
Thereafter	16
Total	$ 3,607
Minimum
Long-term Purchase Commitment [Line Items]
Long-term purchase commitment, period	1 year
Maximum
Long-term Purchase Commitment [Line Items]
Long-term purchase commitment, period	5 years

Commitments and Contingencies_2

Commitments and Contingencies - Guarantor Obligations (Details) $ in Millions	Jun. 30, 2021USD ($)
Guarantor Obligations [Line Items]
Remainder of Fiscal 2022	$ 263
Fiscal 2023	106
Fiscal 2024 and Thereafter	546
Total	915
Surety bonds
Guarantor Obligations [Line Items]
Remainder of Fiscal 2022	57
Fiscal 2023	11
Fiscal 2024 and Thereafter	11
Total	79
Letters of credit
Guarantor Obligations [Line Items]
Remainder of Fiscal 2022	160
Fiscal 2023	46
Fiscal 2024 and Thereafter	521
Total	727
Stand-by letters of credit
Guarantor Obligations [Line Items]
Remainder of Fiscal 2022	46
Fiscal 2023	49
Fiscal 2024 and Thereafter	14
Total	$ 109

Commitments and Contingencies_3

Commitments and Contingencies - Contingencies (Details) $ in Thousands

Feb. 21, 2020USD ($)

Aug. 06, 2019USD ($)

Jul. 31, 2020USD ($)

Dec. 31, 2019plaintiff

Sep. 30, 2019USD ($)

Jun. 30, 2019plaintiff

Mar. 31, 2019officerlawsuit

Oct. 31, 2018plaintiff

Oct. 31, 2017USD ($)

Oct. 31, 2015USD ($)

Jun. 30, 2021individual

Apr. 03, 2015administrator

Jun. 30, 2021USD ($)

Feb. 02, 2017joint_venture

Loss Contingencies [Line Items]

Number of partially-owned joint ventures involved in possible sanctions law violations | joint_venture

2

Strauch Fair Labor Standards Act Collective Action

Loss Contingencies [Line Items]

Number of plaintiffs | administrator

4,000

Number of system administrators filed consents with ourt to participate in FLSA collective | administrator

1,000

Number of individuals involved in collective action | individual

800

Amount awarded to plaintiffs

$ 18,750

$ 8,100

Loss contingency, damages sought

$ 14,100

Kemper Corporate Services, Inc. v. Computer Sciences Corporation

Loss Contingencies [Line Items]

Payments for litigation settlement

$ 60,000

Proceeds from litigation settlement

$ 12,500

Kemper Corporate Services, Inc. v. Computer Sciences Corporation | Pending litigation

Loss Contingencies [Line Items]

Loss contingency, damages sought

$ 100,000

Kemper Corporate Services, Inc. v. Computer Sciences Corporation | Settled litigation

Loss Contingencies [Line Items]

Amount awarded to other party

$ 84,200

Forsyth et al. v. HP Inc. and Hewlett Packard Enterprise | Pending litigation

Loss Contingencies [Line Items]

Number of plaintiffs | plaintiff

145

16

Forsyth et al. v. HP Inc. and Hewlett Packard Enterprise | Settled litigation

Loss Contingencies [Line Items]

Number of plaintiffs | plaintiff

142

Forsyth et al. v. HP Inc. and Hewlett Packard Enterprise | Employees of Former Business Units of HPE | Settled litigation

Loss Contingencies [Line Items]

Number of plaintiffs | plaintiff

35

7

In re DXC Technology Company Securities Litigation

Loss Contingencies [Line Items]

Lawsuits filed | lawsuit

3

In re DXC Technology Company Securities Litigation | Officer

Loss Contingencies [Line Items]

Number of defendants | officer

1

Uncategorized Items - dxc-20210

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]