DXC Technology (DXC) 10-Q 2 Aug 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 30, 2023	Jul. 24, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-38033
Entity Registrant Name	DXC TECHNOLOGY COMPANY
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	61-1800317
Entity Address, Address Line One	20408 Bashan Drive, Suite 231
Entity Address, City or Town	Ashburn
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20147
City Area Code	703
Local Phone Number	972-7000
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		205,174,357
Entity Central Index Key	0001688568
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock, $0.01 par value per share
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	DXC
Security Exchange Name	NYSE
1.750% 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, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues	$ 3,446	$ 3,707
Costs of services (excludes depreciation and amortization and restructuring costs)	2,719	2,930
Selling, general and administrative (excludes depreciation and amortization and restructuring costs)	327	349
Depreciation and amortization	344	389
Restructuring costs	20	33
Interest expense	66	37
Interest income	(49)	(20)
Loss (gain) on disposition of businesses	5	(29)
Other income, net	(64)	(104)
Total costs and expenses	3,368	3,585
Income before income taxes	78	122
Income tax expense	36	19
Net income	42	103
Less: net income attributable to non-controlling interest, net of tax	6	1
Net income attributable to DXC common stockholders	$ 36	$ 102
Income per common share:
Basic (in dollars per share)	$ 0.17	$ 0.44
Diluted (in dollars per share)	$ 0.17	$ 0.43

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 42	$ 103
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax expense (benefit) of $0 and $5	34	(176)
Cash flow hedges adjustments, net of tax expense (benefit) of $1 and $(1)	3	0
Pension and other post-retirement benefit plans, net of tax:
Amortization of prior service cost, net of tax benefit of $0 and $4	(2)	(2)
Pension and other post-retirement benefit plans, net of tax	(2)	(2)
Other comprehensive income (loss), net of taxes	35	(178)
Comprehensive income (loss)	77	(75)
Less: comprehensive income attributable to non-controlling interest	6	1
Comprehensive income (loss) attributable to DXC common stockholders	$ 71	$ (76)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE(LOSS) INCOME (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax expense (benefit)	$ 0	$ 5
Cash flow hedges adjustments, tax benefit	(1)	1
Amortization of prior service cost, tax benefit	$ 0	$ 4

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,576	$ 1,858
Receivables and contract assets, net of allowance of $43 and $47	3,285	3,441
Prepaid expenses	652	565
Other current assets	231	255
Assets held for sale	0	5
Total current assets	5,744	6,124
Intangible assets, net of accumulated amortization of $5,849 and $5,670	2,441	2,569
Operating right-of-use assets, net	849	909
Goodwill	539	539
Deferred income taxes, net	512	460
Property and equipment, net of accumulated depreciation of $4,166 and $4,111	1,922	1,979
Other assets	3,281	3,247
Assets held for sale - non-current	5	18
Total Assets	15,293	15,845
Current liabilities:
Short-term debt and current maturities of long-term debt	694	500
Accounts payable	701	782
Accrued payroll and related costs	613	569
Current operating lease liabilities	303	317
Accrued expenses and other current liabilities	1,587	1,836
Deferred revenue and advance contract payments	1,008	1,054
Income taxes payable	151	120
Liabilities related to assets held for sale	0	9
Total current liabilities	5,057	5,187
Long-term debt, net of current maturities	3,891	3,900
Non-current deferred revenue	749	788
Non-current operating lease liabilities	598	648
Non-current income tax liabilities and deferred tax liabilities	579	587
Other long-term liabilities	816	912
Liabilities related to assets held for sale - non-current	0	3
Total Liabilities	11,690	12,025
Commitments and contingencies
DXC stockholders’ equity:
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued as of June 30, 2023 and March 31, 2023	0	0
Common stock, par value $0.01 per share; authorized 750,000,000 shares; issued 210,584,214 as of June 30, 2023 and 218,058,482 as of March 31, 2023	2	2
Additional paid-in capital	8,677	9,121
Accumulated deficit	(4,445)	(4,665)
Accumulated other comprehensive loss	(739)	(774)
Treasury stock, at cost, 4,507,506 and 3,333,592 shares as of June 30, 2023 and March 31, 2023	(217)	(187)
Total DXC stockholders’ equity	3,278	3,497
Non-controlling interest in subsidiaries	325	323
Total Equity	3,603	3,820
Total Liabilities and Equity	$ 15,293	$ 15,845

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 43	$ 47
Intangible assets, accumulated amortization	5,849	5,670
Property and equipment, accumulated depreciation	$ 4,166	$ 4,111
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)	210,584,214	218,058,482
Treasury shares (in shares)	4,507,506	3,333,592

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 42	$ 103
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	351	398
Operating right-of-use expense	90	106
Share-based compensation	23	28
Deferred taxes	(50)	(38)
Gain on dispositions	(9)	(62)
Provision for losses on accounts receivable	2	2	$ (1)
Unrealized foreign currency exchange loss	23	46
Impairment losses and contract write-offs	7	0
Other non-cash charges, net	(2)	3
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Decrease (Increase) in assets	63	(69)
Decrease in operating lease liability	(90)	(106)
Decrease in other liabilities	(323)	(248)
Net cash provided by operating activities	127	163
Cash flows from investing activities:
Purchases of property and equipment	(55)	(68)
Payments for transition and transformation contract costs	(62)	(57)
Software purchased and developed	(85)	(50)
Business dispositions, net of cash sold	(7)	(36)
Proceeds from sale of assets	11	14
Short-term investing	(3)	0
Other investing activities, net	2	5
Net cash used in investing activities	(199)	(192)
Cash flows from financing activities:
Borrowings of commercial paper	546	292
Repayments of commercial paper	(305)	(239)
Payments on finance leases and borrowings for asset financing	(131)	(159)
Proceeds from stock options and other common stock transactions	0	1
Taxes paid related to net share settlements of share-based compensation awards	(33)	(12)
Repurchase of common stock and advance payment for accelerated share repurchase	(285)	(272)
Other financing activities, net	(2)	(5)
Net cash used in financing activities	(210)	(394)
Effect of exchange rate changes on cash and cash equivalents	0	(50)
Net decrease in cash and cash equivalents including cash classified within current assets held for sale	(282)	(473)
Cash classified within current assets held for sale	0	10
Net decrease in cash and cash equivalents	(282)	(463)
Cash and cash equivalents at beginning of year	1,858	2,672	2,672
Cash and cash equivalents at end of period	$ 1,576	$ 2,209	$ 1,858

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) shares in Thousands, $ in Millions		Total	Total DXC Equity	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock		Non- Controlling Interest
Beginning balance (in shares) at Mar. 31, 2022				240,508
Beginning balance at Mar. 31, 2022		$ 5,375	$ 5,052	$ 3	$ 10,057	$ (4,450)	$ (385)	$ (173)		$ 323
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		103	102			102				1
Other comprehensive income		(178)	(178)				(178)
Share-based compensation expense		24	24		24
Acquisition of treasury stock		(10)	(10)					(10)
Share repurchase program (in shares)				(8,851)
Share repurchase program		(266)	(266)	$ (1)	(374)	109
Stock option exercises and other common stock transactions (in shares)				1,338
Stock option exercises and other common stock transactions		1	1		1
Ending balance (in shares) at Jun. 30, 2022				232,995
Ending balance at Jun. 30, 2022		5,049	4,725	$ 2	9,708	(4,239)	(563)	(183)		324
Beginning balance (in shares) at Mar. 31, 2023				218,058
Beginning balance at Mar. 31, 2023		3,820	3,497	$ 2	9,121	(4,665)	(774)	(187)	[1]	323
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		42	36			36				6
Other comprehensive income		35	35				35
Share-based compensation expense		22	22		22
Acquisition of treasury stock		(30)	(30)					(30)	[1]
Share repurchase program (in shares)	[2]			(10,976)
Share repurchase program	[2]	(282)	(282)		(466)	184
Stock option exercises and other common stock transactions (in shares)				3,502
Stock option exercises and other common stock transactions		0	0
Non-controlling interest distributions and other		(4)	0							(4)
Ending balance (in shares) at Jun. 30, 2023				210,584
Ending balance at Jun. 30, 2023		$ 3,603	$ 3,278	$ 2	$ 8,677	$ (4,445)	$ (739)	$ (217)	[1]	$ 325
[1]4,507,506 treasury shares as of June 30, 2023.[2]On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (the "IRA") into law. The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022. We reflect the excise tax within equity as part of the repurchase of the common stock.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - shares	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Treasury shares (in shares)	4,507,506	3,333,592

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2023
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. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. 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 are made throughout to the numbered Notes to the Condensed Consolidated Financial Statements (“Notes”) in this Quarterly Report on Form 10-Q. 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, 2023 (“fiscal 2023”). Use of Estimates The preparation of the financial statements, in accordance with GAAP, requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses 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. 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 Recently issued Accounting Standards Updates (ASUs) effective after June 30, 2023 are not expected to have a material effect on DXC’s condensed consolidated financial statements.

Divestitures

Divestitures	3 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures During the first quarters of fiscal 2024 and fiscal 2023, the Company sold insignificant businesses that resulted in a loss of $5 million and a gain of $38 million, respectively. During the first quarter of fiscal 2023, the Company also classified certain insignificant businesses as held for sale and recognized a loss of $9 million.

Earnings per Share

Earnings per Share	3 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings 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, 2023 June 30, 2022 Net income attributable to DXC common shareholders: $ 36 $ 102 Common share information: Weighted average common shares outstanding for basic EPS 210.11 232.48 Dilutive effect of stock options and equity awards 3.64 4.90 Weighted average common shares outstanding for diluted EPS 213.75 237.38 Earnings per share: Basic $ 0.17 $ 0.44 Diluted $ 0.17 $ 0.43 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, 2023 June 30, 2022 Stock Options 918,608 480,727 Restricted Stock Units 1,505,292 1,542,055 Performance Stock Units 1,287,186 234,731

Receivables

Receivables	3 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Receivables	Receivables Allowance for Doubtful Accounts The following table presents the change in balance for the allowance for doubtful accounts: As of (in millions) June 30, 2023 March 31, 2023 Beginning balance $ 47 $ 55 Provisions for losses on accounts receivable 2 (1) Other adjustments to allowance and write-offs (6) (7) Ending balance $ 43 $ 47 Receivables Facility The Company has an accounts receivable sales facility (as amended, restated, supplemented or otherwise modified as of June 30, 2023, the “Receivables Facility”) with certain unaffiliated financial institutions (the “Purchasers”) for the sale of commercial accounts receivable in the United States up to a maximum amount of $400 million. The Receivables Facility was amended on July 28, 2023, extending the termination date to July 26, 2024. As of June 30, 2023, the total availability under the Receivables Facility and the amount sold to the Purchasers was $380 million, which was derecognized from the Company’s balance sheet. As of June 30, 2023, the Company recorded a liability of $20 million within accounts payable because the amount of cash proceeds received by the Company under the Receivables Facility was more than the total availability. 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.

Leases

Leases	3 Months Ended
	Jun. 30, 2023
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 nine ten one Operating Leases The components of operating lease expense were as follows: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Operating lease cost $ 90 $ 106 Short-term lease cost 7 8 Variable lease cost 15 22 Sublease income (4) (4) Total operating costs $ 108 $ 132 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, 2023 Three Months Ended June 30, 2022 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 90 $ 106 ROU assets obtained in exchange for operating lease liabilities (1) $ 23 $ 55 (1) Net of $230 million and $338 million in lease modifications and terminations for the three months ended June 30, 2023 and June 30, 2022, respectively. See Note 17 – “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, 2023 March 31, 2023 ROU operating lease assets Operating right-of-use assets, net $ 849 $ 909 Operating lease liabilities Current operating lease liabilities $ 303 $ 317 Operating lease liabilities Non-current operating lease liabilities 598 648 Total operating lease liabilities $ 901 $ 965 The weighted-average operating lease term was 3.9 years and 3.9 years as of June 30, 2023 and March 31, 2023, respectively. The weighted-average operating lease discount rate was 4.1% and 3.9% as of June 30, 2023 and March 31, 2023, respectively. The following maturity analysis presents expected undiscounted cash payments for operating leases as of June 30, 2023: Fiscal Year (in millions) Remainder of 2024 2025 2026 2027 2028 Thereafter Total Operating lease payments $ 255 $ 276 $ 185 $ 100 $ 76 $ 93 $ 985 Less: imputed interest (84) Total operating lease liabilities $ 901 Finance Leases The components of finance lease expense were as follows: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Amortization of right-of-use assets $ 42 $ 61 Interest on lease liabilities 4 5 Total finance lease cost $ 46 $ 66 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Interest paid for finance lease liabilities – Operating cash flows $ 4 $ 5 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 61 96 Total cash paid in the measurement of finance lease obligations $ 65 $ 101 Capital expenditures through finance lease obligations (1) $ 17 $ 26 (1) See Note 17 – ”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, 2023 March 31, 2023 ROU finance lease assets Property and Equipment, net $ 370 $ 424 Finance lease Short-term debt and current maturities of long-term debt $ 208 $ 215 Finance lease Long-term debt, net of current maturities 267 287 Total finance lease liabilities (1) $ 475 $ 502 (1) See Note 10 – “Debt” for further information on finance lease liabilities. The weighted-average finance lease term was 2.8 years and 2.9 years as of June 30, 2023 and March 31, 2023, respectively. The weighted-average finance lease discount rate was 3.5% and 3.4% as of June 30, 2023 and March 31, 2023, respectively. The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2023: Fiscal Year (in millions) Remainder of 2024 2025 2026 2027 2028 Thereafter Total Finance lease payments $ 164 $ 161 $ 99 $ 53 $ 14 $ — $ 491 Less: imputed interest (16) Total finance lease liabilities $ 475
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 nine ten one Operating Leases The components of operating lease expense were as follows: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Operating lease cost $ 90 $ 106 Short-term lease cost 7 8 Variable lease cost 15 22 Sublease income (4) (4) Total operating costs $ 108 $ 132 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, 2023 Three Months Ended June 30, 2022 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 90 $ 106 ROU assets obtained in exchange for operating lease liabilities (1) $ 23 $ 55 (1) Net of $230 million and $338 million in lease modifications and terminations for the three months ended June 30, 2023 and June 30, 2022, respectively. See Note 17 – “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, 2023 March 31, 2023 ROU operating lease assets Operating right-of-use assets, net $ 849 $ 909 Operating lease liabilities Current operating lease liabilities $ 303 $ 317 Operating lease liabilities Non-current operating lease liabilities 598 648 Total operating lease liabilities $ 901 $ 965 The weighted-average operating lease term was 3.9 years and 3.9 years as of June 30, 2023 and March 31, 2023, respectively. The weighted-average operating lease discount rate was 4.1% and 3.9% as of June 30, 2023 and March 31, 2023, respectively. The following maturity analysis presents expected undiscounted cash payments for operating leases as of June 30, 2023: Fiscal Year (in millions) Remainder of 2024 2025 2026 2027 2028 Thereafter Total Operating lease payments $ 255 $ 276 $ 185 $ 100 $ 76 $ 93 $ 985 Less: imputed interest (84) Total operating lease liabilities $ 901 Finance Leases The components of finance lease expense were as follows: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Amortization of right-of-use assets $ 42 $ 61 Interest on lease liabilities 4 5 Total finance lease cost $ 46 $ 66 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Interest paid for finance lease liabilities – Operating cash flows $ 4 $ 5 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 61 96 Total cash paid in the measurement of finance lease obligations $ 65 $ 101 Capital expenditures through finance lease obligations (1) $ 17 $ 26 (1) See Note 17 – ”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, 2023 March 31, 2023 ROU finance lease assets Property and Equipment, net $ 370 $ 424 Finance lease Short-term debt and current maturities of long-term debt $ 208 $ 215 Finance lease Long-term debt, net of current maturities 267 287 Total finance lease liabilities (1) $ 475 $ 502 (1) See Note 10 – “Debt” for further information on finance lease liabilities. The weighted-average finance lease term was 2.8 years and 2.9 years as of June 30, 2023 and March 31, 2023, respectively. The weighted-average finance lease discount rate was 3.5% and 3.4% as of June 30, 2023 and March 31, 2023, respectively. The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2023: Fiscal Year (in millions) Remainder of 2024 2025 2026 2027 2028 Thereafter Total Finance lease payments $ 164 $ 161 $ 99 $ 53 $ 14 $ — $ 491 Less: imputed interest (16) Total finance lease liabilities $ 475

Fair Value

Fair Value	3 Months Ended
	Jun. 30, 2023
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 7 – “Derivative Instruments” for information about derivative assets and liabilities. Note 10 – “Debt” includes information about the estimated fair value of the Company’s long-term debt. There were no transfers between any of the levels during the periods presented. Fair Value Hierarchy (in millions) As of June 30, 2023 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 45 $ 45 $ — $ — Time deposits (1) 82 82 — — Other securities (2) 48 — 46 2 Total assets $ 175 $ 127 $ 46 $ 2 As of March 31, 2023 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 75 $ 75 $ — $ — Time deposits (1) 37 37 — — Other securities (2) 48 — 46 2 Total assets $ 160 $ 112 $ 46 $ 2 Liabilities: Contingent consideration (3) $ 2 $ — $ — $ 2 Total liabilities $ 2 $ — $ — $ 2 (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 $52 million as of both June 30, 2023 and March 31, 2023. For the periods presented, gains and losses are insignificant and are included in other income, net in the Company’s statements of operations. (3) As of June 30, 2023, the Company completed the payment for its contingent consideration obligation.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Jun. 30, 2023
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 Euro and Indian Rupee-denominated obligations and forecasted transactions. The notional amounts of foreign currency forward contracts designated as cash flow hedges as of June 30, 2023 and March 31, 2023 were $893 million and $842 million, respectively. As of June 30, 2023, the related forecasted transactions extend through June 2025. During the three months ended June 30, 2023 and June 30, 2022, respectively, the Company had no cash flow hedges for which it was probable that the hedged transaction would not occur. See Note 15 - Stockholders’ Equity for changes in accumulated other comprehensive loss, net of taxes, related to the Company’s derivatives designated for hedge accounting. As of June 30, 2023, $7 million of loss related to cash flow hedges reported in accumulated other comprehensive loss is expected to be reclassified into earnings within the next 12 months. 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, 2023 and March 31, 2023 were $2.4 billion and $2.5 billion, respectively. The following table presents the pretax foreign currency (gain) loss to Other income, net: For the Three Months Ended (in millions) June 30, 2023 June 30, 2022 Foreign currency remeasurement (1) $ (4) $ 36 Undesignated foreign currency forward contracts (2) (4) (38) Total - Foreign currency gain $ (8) $ (2) (1) Movements from exchange rates on the Company’s foreign currency-denominated assets and liabilities. (2) Movements from hedges used to manage the Company’s foreign currency remeasurement exposure, and the associated costs of the hedging program. 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: As of (in millions) Balance Sheet Line Item June 30, 2023 March 31, 2023 Derivatives designated for hedge accounting: Foreign currency forward contracts Other current assets $ 8 $ 6 Accrued expenses and other current liabilities $ 11 $ 13 Derivatives not designated for hedge accounting: Foreign currency forward contracts Other current assets $ 20 $ 15 Accrued expenses and other current liabilities $ 21 $ 16 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 that 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, 2023, there were six counterparties with concentration of credit risk, and based on gross fair value, the maximum amount of loss that the Company could incur is $7 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 loss when such net investments are sold or substantially liquidated.

Intangible Assets

Intangible Assets	3 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets consisted of the following: As of June 30, 2023 As of March 31, 2023 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 4,046 $ 3,366 $ 680 $ 4,009 $ 3,290 $ 719 Customer related intangible assets 3,940 2,353 1,587 3,927 2,260 1,667 Other intangible assets 304 130 174 303 120 183 Total intangible assets $ 8,290 $ 5,849 $ 2,441 $ 8,239 $ 5,670 $ 2,569 The components of amortization expense were as follows: Three Months Ended (in millions) June 30, 2023 June 30, 2022 Intangible assets amortization $ 183 $ 199 Transition and transformation contract cost amortization (1) 48 52 Total amortization expense $ 231 $ 251 (1) Transaction and transformation contract costs are included within other assets on the balance sheets. Estimated future amortization related to intangible assets as of June 30, 2023 is as follows: Fiscal Year (in millions) Remainder of 2024 $ 538 2025 593 2026 530 2027 397 2028 173 Thereafter 210 Total $ 2,441

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2023
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, 2023. (in millions) GBS GIS Total Balance as of March 31, 2023, net $ 539 $ — $ 539 Balance as of June 30, 2023, net $ 539 $ — $ 539 Goodwill, gross 5,029 5,066 10,095 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of June 30, 2023, net $ 539 $ — $ 539

Debt

Debt	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s debt: (in millions) Interest Rates Fiscal Year Maturities June 30, 2023 (1) March 31, 2023 (1) Short-term debt and Commercial paper (2) 3.56% - 4.03% 2024 $ 349 $ 109 Current maturities of long-term debt Various 2024 - 2025 137 176 Current maturities of finance lease liabilities 0.00% - 14.59% 2024 - 2025 208 215 Short-term debt and current maturities of long-term debt $ 694 $ 500 Long-term debt, net of current maturities €650 million Senior notes 1.75% 2026 707 704 $700 million Senior notes 1.80% 2027 696 696 €750 million Senior notes 0.45% 2028 814 810 $650 million Senior notes 2.375% 2029 645 645 €600 million Senior notes 0.95% 2032 649 646 Finance lease liabilities 0.00% - 14.59% 2024 - 2029 475 502 Borrowings for assets acquired under long-term financing 0.00% - 9.78% 2024 - 2029 248 285 Other borrowings Various 2024 2 3 Long-term debt 4,236 4,291 Less: current maturities 345 391 Long-term debt, net of current maturities $ 3,891 $ 3,900 (1) The carrying amounts of the senior notes as of June 30, 2023 and March 31, 2023, include the remaining principal outstanding of $3,532 million and $3,523 million, respectively, net of total unamortized debt (discounts) and premiums, and deferred debt issuance costs of $21 million and $22 million, respectively. (2) At DXC’s option, DXC can borrow up to a maximum of €1 billion or its equivalent in €, £, and $. Term Loan During the second quarter of fiscal 2023, the Company entered into a $500 million term loan credit agreement (as amended, the “USD Term Loan”) with certain unaffiliated financial institutions. The USD Term Loan is required to be drawn down by September 1, 2023 or the facility will terminate. The Company did not draw on the USD Term Loan as of June 30, 2023. Fair Value of Debt The estimated fair value of the Company’s long-term debt, excluding finance lease liabilities, was $3.2 billion and $3.3 billion as of June 30, 2023 and March 31, 2023, respectively, compared with carrying value of $3.8 billion and $3.8 billion as of June 30, 2023 and March 31, 2023, respectively.

Revenue

Revenue	3 Months Ended
	Jun. 30, 2023
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, 2023 June 30, 2022 United States $ 1,002 $ 1,131 United Kingdom 465 473 Other Europe 1,064 1,138 Australia 342 391 Other International 573 574 Total Revenues $ 3,446 $ 3,707 The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 18 – “Segment Information” for the Company’s segment disclosures. Remaining Performance Obligations As of June 30, 2023, approximately $19.4 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 32% of these remaining performance obligations in fiscal 2024, with the remainder of the balance recognized thereafter. Contract Balances The following table provides information about the balances of the Company’s trade receivables, contract assets and contract liabilities: As of (in millions) Balance Sheet Line Item June 30, 2023 March 31, 2023 Trade receivables, net Receivables and contract assets, net of allowance for doubtful accounts $ 2,210 $ 2,269 Contract assets Receivables and contract assets, net of allowance for doubtful accounts $ 363 $ 366 Contract liabilities Deferred revenue and advance contract payments and Non-current deferred revenue $ 1,757 $ 1,842 Change in contract liabilities were as follows: Three Months Ended (in millions) June 30, 2023 June 30, 2022 Balance, beginning of period $ 1,842 $ 1,915 Deferred revenue 464 612 Recognition of deferred revenue (548) (684) Currency translation adjustment 13 (87) Other (14) (12) Balance, end of period $ 1,757 $ 1,744

Restructuring Costs

Restructuring Costs	3 Months Ended
	Jun. 30, 2023
Restructuring Costs [Abstract]
Restructuring Costs	Restructuring Costs The composition of restructuring liabilities by financial statement line items is as follows: As of (in millions) June 30, 2023 March 31, 2023 Accrued expenses and other current liabilities $ 77 $ 105 Other long-term liabilities 18 22 Total $ 95 $ 127 Summary of Restructuring Plans Fiscal 2024 Plan During fiscal 2024, management approved global cost savings initiatives designed to better align the Company’s facilities and data centers (the “Fiscal 2024 Plan ” ) . Restructuring Liability Reconciliations by Plan Restructuring Liability as of March 31, 2023 Costs Expensed, Net of Reversals Costs Not Affecting Restructuring Liability (1) Cash Paid Other (2) Restructuring Liability as of June 30, 2023 Fiscal 2024 Plan Facilities Costs — 7 (6) — — 1 — 7 (6) — — 1 Fiscal 2023 Plan Workforce Reductions $ 79 $ 3 $ — $ (28) $ — $ 54 Facilities Costs 1 7 (1) (5) (1) 1 80 10 (1) (33) (1) 55 Other Prior Year and Acquired Plans Workforce Reductions $ 45 $ (1) $ — $ (6) $ — $ 38 Facilities Costs 2 4 (1) (4) — 1 47 3 (1) (10) — 39 Total $ 127 $ 20 $ (8) $ (43) $ (1) $ 95 (1) Pension benefit augmentations recorded as pension liabilities, asset impairments and restructuring costs associated with right-of-use assets. (2) Foreign currency translation adjustments. Included in restructuring costs for the three months ended June 30, 2023 is $6 million related to amortization of the right-of-use asset and interest expense for leased facilities that have been vacated but are being actively marketed for sublease or we are in negotiations with the landlord to potentially terminate or modify those leases.

Pension and Other Benefit Plans

Pension and Other Benefit Plans	3 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Pension and Other Benefit Plans	Pension and Other Benefit Plans Defined Benefit Plans The components of net periodic pension income were: Three Months Ended (in millions) June 30, 2023 June 30, 2022 Service cost $ 15 $ 19 Interest cost 79 67 Expected return on assets (114) (132) Amortization of prior service credit (2) (2) Net periodic pension income $ (22) $ (48) 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.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate (“ETR”) was 46.2% and 15.6% for the three months ended June 30, 2023, and June 30, 2022, respectively. For the three months ended June 30, 2023, the primary drivers of the ETR were the global mix of income, U.S. tax on foreign income, and a decrease in uncertain tax positions due to an income tax audit settlement. For the three months ended June 30, 2022, the primary drivers of the ETR were the global mix of income, U.S. tax on foreign income and base erosion payments, and a decrease in uncertain tax positions due to statute of limitation expirations. The majority of our global unremitted foreign earnings have been taxed or would be exempt from U.S. tax upon repatriation. Such earnings and all current foreign earnings are not indefinitely reinvested. The following earnings are considered indefinitely reinvested: approximately $485 million that could be subject to U.S. federal tax when repatriated to the U.S. under section 1.245A-5(b) of the final Treasury regulations; and approximately $200 million of our accumulated earnings in India. 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 merger of Computer Sciences Corporation (“CSC”) and the Enterprise Services business of Hewlett Packard Enterprise Company (the “HPES Merger”), the Company entered into a tax matters agreement with Hewlett Packard Enterprise Company (“HPE”). HPE generally will be responsible for tax liabilities arising prior to the HPES Merger, and DXC is liable to HPE for income tax receivables it receives related to pre-HPES Merger periods. Pursuant to the tax matters agreement, the Company recorded a $16 million tax indemnification receivable related to uncertain tax positions, a $53 million tax indemnification receivable related to other tax payables, and an $89 million 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. (including its successors and permitted assigns, “Perspecta”). The Company generally will be responsible for tax liabilities arising prior to the USPS Separation, and Perspecta is liable to the Company for income tax receivables related to pre-spin-off periods. 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 transferred to Perspecta related to pre-HPES Merger periods. Pursuant to the tax matters agreement, the Company recorded an $18 million tax indemnification receivable from Perspecta related to other tax payables and a $6 million tax indemnification payable to Perspecta related to income tax and other tax receivables. In connection with the sale of its healthcare provider software business (“HPS”), 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 the HPS business. The Internal Revenue Service (the “IRS”) has examined, or is examining, the Company’s federal income tax returns for fiscal 2009 through the tax year ended October 31, 2018. With respect to CSC’s fiscal 2009 through 2017 federal tax returns, the Company participated in settlement negotiations 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 settled various audit 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 are challenging them in the U.S. Tax Court, these matters are not fully reserved and would result in incremental federal and state tax expense and cash tax payments of approximately $483 million (including estimated interest and penalties) for the unreserved portion of these items if we do not prevail. We have received notices of deficiency with respect to fiscal 2009, 2010, 2011 and 2013 and have timely filed petitions with the U.S. Tax Court. During the first quarter of fiscal 2024, some of these cases were dismissed, but the dismissals were procedural in nature only and do not impact the Company’s potential liability for the aforementioned fiscal years. We do not expect the U.S. Tax Court matters to be resolved in the next 12 months. The Company’s fiscal years 2009, 2010 and 2013 are in the U.S. Tax Court, and consequently these years will remain open until such proceedings have concluded. The statute of limitations on assessments related to a refund claim for fiscal year 2012 is open through February 28, 2025. The Company has agreed to extend the statute of limitations for fiscal and tax return years 2014 through 2020 to September 30, 2024. The Company expects to reach resolution for fiscal and tax return years 2009 through 2020 no earlier than fiscal 2025. The Company may settle certain other tax examinations for different amounts than the Company has accrued as uncertain tax positions. Consequently, the Company may need to accrue and ultimately pay additional amounts or pay lower amounts than previously estimated and accrued when positions are settled in the future. For the three months ended June 30, 2023, the Company’s liability for uncertain tax positions decreased by $3 million (excluding interest and penalties and related tax attributes) primarily due to statute of limitation expirations. The Company believes the outcomes that are reasonably possible within the next 12 months to result in a reduction in its liability for uncertain tax positions, excluding interest, penalties, and tax carryforwards, would be approximately $12 million.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchases The details of shares repurchased during the three months ended June 30, 2023 and June 30, 2022 are shown below: Fiscal 2024 Fiscal 2023 Fiscal Period Number of Shares Repurchased Average Price Per Share Amount Number of Shares Repurchased Average Price Per Share Amount 1st Quarter Open market purchases 10,975,643 $ 25.53 $ 280 8,850,912 $ 30.09 $ 266 Total 10,975,643 $ 25.53 $ 280 8,850,912 $ 30.09 $ 266 Accumulated Other Comprehensive Loss The following table shows the changes in accumulated other comprehensive 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, 2023 $ (985) $ (7) $ 218 $ (774) Other comprehensive income before reclassifications 34 3 — 37 Amounts reclassified from accumulated other comprehensive loss — — (2) (2) Balance at June 30, 2023 $ (951) $ (4) $ 216 $ (739) (in millions) Foreign Currency Translation Adjustments Cash Flow Hedges Pension and Other Post-retirement Benefit Plans Accumulated Other Comprehensive Loss Balance at March 31, 2022 $ (651) $ 10 $ 256 $ (385) Other comprehensive loss before reclassifications (176) 4 — (172) Amounts reclassified from accumulated other comprehensive loss — (4) (2) (6) Balance at June 30, 2022 $ (827) $ 10 $ 254 $ (563)

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Incentive Plans	Stock Incentive Plans Restricted Stock Units and Performance-Based Restricted Stock Units 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. The Company also grants performance-based restricted stock units (“PSUs”), which generally vest over a three year period. The number of PSUs that ultimately vest is dependent upon the Company’s achievement of certain specified market- and performance-based criteria over the three-year vesting period. The fair value of RSUs and PSUs is based on the Company’s common stock closing price on the grant date. For PSUs with a market-based condition, DXC uses a Monte Carlo simulation model to value the grants. 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, 2023 7,449,379 $ 37.11 147,487 $ 35.80 Granted 4,789,997 $ 25.09 — $ — Settled (3,816,958) $ 23.47 — $ — Canceled/Forfeited (268,023) $ 46.32 — $ — Outstanding as of June 30, 2023 8,154,395 $ 35.85 147,487 $ 35.80 Share-Based Compensation Three Months Ended (in millions) June 30, 2023 June 30, 2022 Total share-based compensation cost $ 23 $ 28 Related income tax benefit $ 3 $ 3

Cash Flows

Cash Flows	3 Months Ended
	Jun. 30, 2023
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, 2023 June 30, 2022 Cash paid for: Interest $ 51 $ 22 Taxes on income, net of refunds (1) $ 52 $ 53 Non-cash activities: Operating: ROU assets obtained in exchange for lease, net (2) $ 23 $ 55 Prepaid assets acquired under long-term financing $ 4 $ 34 Investing: Capital expenditures in accounts payable and accrued expenses $ 3 $ 8 Capital expenditures through finance lease obligations $ 17 $ 26 Assets acquired under long-term financing $ 27 $ 2 Financing: Shares repurchased but not settled in cash (3) $ 13 $ — (1) Income tax refunds were $6 million and $13 million for the three months ended June 30, 2023 and June 30, 2022, respectively. (2) Net of $230 million and $338 million in lease modifications and terminations for the three months ended June 30, 2023 and June 30, 2022, respectively. (3) On August 16, 2022, the U.S. government enacted the IRA into law. The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022. In our cash flow statement, we reflect the excise tax as a financing activity relating to the repurchase of common stock.

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2023
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 our 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, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business. • Applications . We help simplify, modernize, and accelerate mission-critical applications that support business agility and growth through our Applications services. We are the engineers that enable our customers to take advantage of the latest digital platforms with both customized and pre-packaged applications, ensure resiliency, launch new products and enter new markets with minimal disruption. We help customers define, execute and manage their enterprise applications strategy . • Insurance Software and Business Process Services. We partner with insurance clients, to modernize and run IT systems, provide proprietary modular insurance software and platforms, and operate the full spectrum of insurance business process services. We also help operate and continuously improve bank cards, payment and lending processes and operations, and customer experience operations. 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: • Security. Our Security services help customers assess risk and proactively address all facets of the security environment, from threat intelligence to compliance. We leverage proven methodologies, intelligent automation and industry-leading partners to tailor security solutions to customers’ unique business needs. Our experts weave cyber resilience into IT security, operations and culture. Whether migrating to the cloud, protecting data with a Zero Trust strategy or managing a security operations center, our Security services enable our customers to focus on their business. • Cloud Infrastructure and IT Outsourcing (“ITO”) . We enable customers to do Cloud Right™, making the right investments at the right time and on the right platforms. We orchestrate hybrid cloud and multicloud environments, ensuring private and public clouds, servers and mainframes operate effectively together. We provide companies with tailored plans for cloud migration and optimization to enable successful transformation. We leverage our deep expertise in legacy IT and drive innovation with reliable, secure, mission-critical IT Outsourcing services – from compute and data center, to storage and backup, to network, to mainframe and to business continuity – providing a clear path to modernization. • Modern Workplace. Our Modern Workplace services put the employee experience first, helping them achieve new levels of productivity, engagement and collaboration while working seamlessly and securely on any device. Organizations are empowered to deliver a consumer-like experience, centralize IT management and support services, and improve the total cost of ownership. 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, 2023 Revenues $ 1,703 $ 1,743 $ 3,446 $ — $ 3,446 Segment profit $ 192 $ 91 $ 283 $ (59) $ 224 Depreciation and amortization (1) $ 45 $ 184 $ 229 $ 26 $ 255 Three Months Ended June 30, 2022 Revenues $ 1,758 $ 1,949 $ 3,707 $ — $ 3,707 Segment profit $ 210 $ 127 $ 337 $ (78) $ 259 Depreciation and amortization (1) $ 41 $ 218 $ 259 $ 26 $ 285 (1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $89 million and $104 million for the three months ended June 30, 2023 and June 30, 2022, 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 cost 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 generally include certain corporate function costs, stock-based compensation expense, pension and other post-retirement benefit (“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, 2023 June 30, 2022 Profit Total profit for reportable segments $ 283 $ 337 All other loss (59) (78) Subtotal $ 224 $ 259 Interest income 49 20 Interest expense (66) (37) Restructuring costs (20) (33) Transaction, separation and integration-relation costs (1) (2) Amortization of acquired intangible assets (89) (104) Merger related indemnification (11) (10) (Loss) gain on disposition of businesses (5) 29 Impairment losses (3) — Income before income taxes $ 78 $ 122

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Minimum purchase commitments as of June 30, 2023 were as follows: Fiscal year Minimum Purchase Commitment (1) (in millions) Remainder of 2024 $ 342 2025 388 2026 327 2027 9 Total $ 1,066 (1) Subsequent to June 30, 2023, the Company entered into minimum purchase commitments totaling approximately $250 million for additional purchased goods and services. These minimum purchase commitments are not reflected in the table above. Contingencies 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”) and California state law, in connection with workforce reductions that occurred in or after August 2012 in California, and in or after as early as December 2014 in other U.S. locations. Former business units of HPE now owned by the Company and former business units of the Company now owned by Peraton (formerly Perspecta), may be proportionately liable for any recovery by plaintiffs in this matter. 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. In November 2021, notice was sent to putative members of the ADEA collectives regarding participation in the case. In February 2022, the notice period closed. The case is currently stayed. Securities Litigation: Previously disclosed securities litigation matters have been dismissed, with one case remaining, in the Superior Court of the State of California. 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. The action asserts claims under Sections 11, 12 and 15 of the Securities Act of 1933, as amended, and is premised on allegedly false and/or misleading statements, and alleged non-disclosure of material facts, regarding the Company’s prospects and expected performance. The putative class of plaintiffs 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. The State of California action had been stayed pending the outcome of the substantially similar federal action filed in the United States District Court for the Northern District of California. The federal action was dismissed with prejudice in December 2021. Thereafter, the state court lifted the stay and entered an order permitting additional briefing by the parties. In March 2022, Plaintiffs filed an amended complaint, which the Company moved to dismiss. In August 2022, the Court granted the Company’s motion to dismiss, but permitted Plaintiffs to amend and refile their complaint. In September 2022, Plaintiffs filed a second amended complaint, which the Company moved to dismiss. In January 2023, the Court issued an order denying the Company’s motion to dismiss the second amended complaint. In March 2023, the Court entered a scheduling order setting a trial date for September 2025. The case is now in discovery. The Company believes that the final remaining lawsuit described above is also without merit, and intends to vigorously defend it. 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 tax positions, which are currently being contested in the U.S. Tax Court. For more detail, see Note 14 – “Income Taxes” for further information. SEC Matter: In December 2019, the Company received a request for voluntary production of information in connection with an informal investigation by the U.S. Securities and Exchange Commission. The primary focus of the investigation was the Company’s historical reporting related to its non-GAAP adjustment for “transaction, separation, and integration-related costs,” including whether the disclosure the Company previously used to describe the non-GAAP adjustment was sufficiently broad to cover certain expenses the Company included as transaction, separation, and integration-related costs. The non-GAAP costs at issue primarily consisted of expenses associated with the business combination that formed DXC in 2017. The Company cooperated fully with the SEC’s informal investigation, and the new management team appointed beginning in September of 2019 proactively clarified and expanded the disclosure of the Company’s non-GAAP transaction, separation, and integration-related costs. In addition, the new management team significantly reduced the transaction, separation, and integration-related costs. In September 2022, the Company accrued $8 million, representing its estimate of the settlement costs based on its discussions with the SEC at that time. In March 2023, the Company entered into an Offer of Settlement with the SEC and a Cease-and-Desist Order was entered. The Company agreed to pay a civil penalty of $8 million and to implement certain remedial measures related to the Company’s non-GAAP policies and procedures within 120 days. The Company has paid the civil penalty and has implemented the requisite remedial measures within the time provided. This matter is now closed. OFAC Matter: In August 2022, the Company submitted an initial notification of voluntary self-disclosure to the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”) regarding potential violations of U.S. sanctions on Russia. The self-disclosure pertains to the Company’s sale of Luxoft’s Russia business to IBS Holding LLC in April 2022, as part of the Company’s exit from the Russian market following Russia’s invasion of Ukraine. The Company has also submitted an initial notification of voluntary self-disclosure to the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) regarding potential export control violations in connection with its exit from the Russian market. The Company’s review of potential sanctions violations is ongoing, and the Company may make further disclosures to relevant agencies as its review continues. 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 36	$ 102

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2023
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 are made throughout to the numbered Notes to the Condensed Consolidated Financial Statements (“Notes”) in this Quarterly Report on Form 10-Q. 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, 2023 (“fiscal 2023”).
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 the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses 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. 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 Recently issued Accounting Standards Updates (ASUs) effective after June 30, 2023 are not expected to have a material effect on DXC’s condensed consolidated financial statements.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Jun. 30, 2023
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, 2023 June 30, 2022 Net income attributable to DXC common shareholders: $ 36 $ 102 Common share information: Weighted average common shares outstanding for basic EPS 210.11 232.48 Dilutive effect of stock options and equity awards 3.64 4.90 Weighted average common shares outstanding for diluted EPS 213.75 237.38 Earnings per share: Basic $ 0.17 $ 0.44 Diluted $ 0.17 $ 0.43
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The number of awards excluded were as follows: Three Months Ended June 30, 2023 June 30, 2022 Stock Options 918,608 480,727 Restricted Stock Units 1,505,292 1,542,055 Performance Stock Units 1,287,186 234,731

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Summary of Allowance for Doubtful Accounts for Trade Accounts Receivable	The following table presents the change in balance for the allowance for doubtful accounts: As of (in millions) June 30, 2023 March 31, 2023 Beginning balance $ 47 $ 55 Provisions for losses on accounts receivable 2 (1) Other adjustments to allowance and write-offs (6) (7) Ending balance $ 43 $ 47

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Components of Lease Expense and Supplemental Cash Flow Information Related to Leases	The components of operating lease expense were as follows: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Operating lease cost $ 90 $ 106 Short-term lease cost 7 8 Variable lease cost 15 22 Sublease income (4) (4) Total operating costs $ 108 $ 132 The components of finance lease expense were as follows: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Amortization of right-of-use assets $ 42 $ 61 Interest on lease liabilities 4 5 Total finance lease cost $ 46 $ 66 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Interest paid for finance lease liabilities – Operating cash flows $ 4 $ 5 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 61 96 Total cash paid in the measurement of finance lease obligations $ 65 $ 101 Capital expenditures through finance lease obligations (1) $ 17 $ 26 (1) See Note 17 – ”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, 2023 Three Months Ended June 30, 2022 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 90 $ 106 ROU assets obtained in exchange for operating lease liabilities (1) $ 23 $ 55 (1) Net of $230 million and $338 million in lease modifications and terminations for the three months ended June 30, 2023 and June 30, 2022, respectively. See Note 17 – “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, 2023 March 31, 2023 ROU operating lease assets Operating right-of-use assets, net $ 849 $ 909 Operating lease liabilities Current operating lease liabilities $ 303 $ 317 Operating lease liabilities Non-current operating lease liabilities 598 648 Total operating lease liabilities $ 901 $ 965 The weighted-average operating lease term was 3.9 years and 3.9 years as of June 30, 2023 and March 31, 2023, respectively. The weighted-average operating lease discount rate was 4.1% and 3.9% as of June 30, 2023 and March 31, 2023, respectively. The following table presents finance lease balances: As of (in millions) Balance Sheet Line Item June 30, 2023 March 31, 2023 ROU finance lease assets Property and Equipment, net $ 370 $ 424 Finance lease Short-term debt and current maturities of long-term debt $ 208 $ 215 Finance lease Long-term debt, net of current maturities 267 287 Total finance lease liabilities (1) $ 475 $ 502 (1) See Note 10 – “Debt” for further information on finance lease liabilities.
Maturities of Operating Lease Liabilities	The following maturity analysis presents expected undiscounted cash payments for operating leases as of June 30, 2023: Fiscal Year (in millions) Remainder of 2024 2025 2026 2027 2028 Thereafter Total Operating lease payments $ 255 $ 276 $ 185 $ 100 $ 76 $ 93 $ 985 Less: imputed interest (84) Total operating lease liabilities $ 901
Maturities of Finance Lease Liabilities	The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2023: Fiscal Year (in millions) Remainder of 2024 2025 2026 2027 2028 Thereafter Total Finance lease payments $ 164 $ 161 $ 99 $ 53 $ 14 $ — $ 491 Less: imputed interest (16) Total finance lease liabilities $ 475

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Jun. 30, 2023
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 7 – “Derivative Instruments” for information about derivative assets and liabilities. Note 10 – “Debt” includes information about the estimated fair value of the Company’s long-term debt. There were no transfers between any of the levels during the periods presented. Fair Value Hierarchy (in millions) As of June 30, 2023 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 45 $ 45 $ — $ — Time deposits (1) 82 82 — — Other securities (2) 48 — 46 2 Total assets $ 175 $ 127 $ 46 $ 2 As of March 31, 2023 Assets: Fair Value Level 1 Level 2 Level 3 Money market funds and money market deposit accounts $ 75 $ 75 $ — $ — Time deposits (1) 37 37 — — Other securities (2) 48 — 46 2 Total assets $ 160 $ 112 $ 46 $ 2 Liabilities: Contingent consideration (3) $ 2 $ — $ — $ 2 Total liabilities $ 2 $ — $ — $ 2 (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 $52 million as of both June 30, 2023 and March 31, 2023. For the periods presented, gains and losses are insignificant and are included in other income, net in the Company’s statements of operations. (3) As of June 30, 2023, the Company completed the payment for its contingent consideration obligation.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Not Designated For Hedge Accounting	The following table presents the pretax foreign currency (gain) loss to Other income, net: For the Three Months Ended (in millions) June 30, 2023 June 30, 2022 Foreign currency remeasurement (1) $ (4) $ 36 Undesignated foreign currency forward contracts (2) (4) (38) Total - Foreign currency gain $ (8) $ (2) (1) Movements from exchange rates on the Company’s foreign currency-denominated assets and liabilities. (2) Movements from hedges used to manage the Company’s foreign currency remeasurement exposure, and the associated costs of the hedging program.
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: As of (in millions) Balance Sheet Line Item June 30, 2023 March 31, 2023 Derivatives designated for hedge accounting: Foreign currency forward contracts Other current assets $ 8 $ 6 Accrued expenses and other current liabilities $ 11 $ 13 Derivatives not designated for hedge accounting: Foreign currency forward contracts Other current assets $ 20 $ 15 Accrued expenses and other current liabilities $ 21 $ 16

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Amortizable Intangible Assets	Intangible assets consisted of the following: As of June 30, 2023 As of March 31, 2023 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 4,046 $ 3,366 $ 680 $ 4,009 $ 3,290 $ 719 Customer related intangible assets 3,940 2,353 1,587 3,927 2,260 1,667 Other intangible assets 304 130 174 303 120 183 Total intangible assets $ 8,290 $ 5,849 $ 2,441 $ 8,239 $ 5,670 $ 2,569
Schedule of Components of Amortization Expense	The components of amortization expense were as follows: Three Months Ended (in millions) June 30, 2023 June 30, 2022 Intangible assets amortization $ 183 $ 199 Transition and transformation contract cost amortization (1) 48 52 Total amortization expense $ 231 $ 251 (1) Transaction and transformation contract costs are included within other assets on the balance sheets.
Estimated Future Amortization of Intangible Assets	Estimated future amortization related to intangible assets as of June 30, 2023 is as follows: Fiscal Year (in millions) Remainder of 2024 $ 538 2025 593 2026 530 2027 397 2028 173 Thereafter 210 Total $ 2,441

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Jun. 30, 2023
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, 2023. (in millions) GBS GIS Total Balance as of March 31, 2023, net $ 539 $ — $ 539 Balance as of June 30, 2023, net $ 539 $ — $ 539 Goodwill, gross 5,029 5,066 10,095 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of June 30, 2023, net $ 539 $ — $ 539

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2023
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, 2023 (1) March 31, 2023 (1) Short-term debt and Commercial paper (2) 3.56% - 4.03% 2024 $ 349 $ 109 Current maturities of long-term debt Various 2024 - 2025 137 176 Current maturities of finance lease liabilities 0.00% - 14.59% 2024 - 2025 208 215 Short-term debt and current maturities of long-term debt $ 694 $ 500 Long-term debt, net of current maturities €650 million Senior notes 1.75% 2026 707 704 $700 million Senior notes 1.80% 2027 696 696 €750 million Senior notes 0.45% 2028 814 810 $650 million Senior notes 2.375% 2029 645 645 €600 million Senior notes 0.95% 2032 649 646 Finance lease liabilities 0.00% - 14.59% 2024 - 2029 475 502 Borrowings for assets acquired under long-term financing 0.00% - 9.78% 2024 - 2029 248 285 Other borrowings Various 2024 2 3 Long-term debt 4,236 4,291 Less: current maturities 345 391 Long-term debt, net of current maturities $ 3,891 $ 3,900 (1) The carrying amounts of the senior notes as of June 30, 2023 and March 31, 2023, include the remaining principal outstanding of $3,532 million and $3,523 million, respectively, net of total unamortized debt (discounts) and premiums, and deferred debt issuance costs of $21 million and $22 million, respectively. (2) At DXC’s option, DXC can borrow up to a maximum of €1 billion or its equivalent in €, £, and $.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Jun. 30, 2023
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, 2023 June 30, 2022 United States $ 1,002 $ 1,131 United Kingdom 465 473 Other Europe 1,064 1,138 Australia 342 391 Other International 573 574 Total Revenues $ 3,446 $ 3,707
Summary of Contract Assets and Liabilities	The following table provides information about the balances of the Company’s trade receivables, contract assets and contract liabilities: As of (in millions) Balance Sheet Line Item June 30, 2023 March 31, 2023 Trade receivables, net Receivables and contract assets, net of allowance for doubtful accounts $ 2,210 $ 2,269 Contract assets Receivables and contract assets, net of allowance for doubtful accounts $ 363 $ 366 Contract liabilities Deferred revenue and advance contract payments and Non-current deferred revenue $ 1,757 $ 1,842 Change in contract liabilities were as follows: Three Months Ended (in millions) June 30, 2023 June 30, 2022 Balance, beginning of period $ 1,842 $ 1,915 Deferred revenue 464 612 Recognition of deferred revenue (548) (684) Currency translation adjustment 13 (87) Other (14) (12) Balance, end of period $ 1,757 $ 1,744

Restructuring Costs (Tables)

Restructuring Costs (Tables)	3 Months Ended
	Jun. 30, 2023
Restructuring Costs [Abstract]
Schedule of Restructuring Expense	The composition of restructuring liabilities by financial statement line items is as follows: As of (in millions) June 30, 2023 March 31, 2023 Accrued expenses and other current liabilities $ 77 $ 105 Other long-term liabilities 18 22 Total $ 95 $ 127
Schedule of Restructuring Liability	Restructuring Liability Reconciliations by Plan Restructuring Liability as of March 31, 2023 Costs Expensed, Net of Reversals Costs Not Affecting Restructuring Liability (1) Cash Paid Other (2) Restructuring Liability as of June 30, 2023 Fiscal 2024 Plan Facilities Costs — 7 (6) — — 1 — 7 (6) — — 1 Fiscal 2023 Plan Workforce Reductions $ 79 $ 3 $ — $ (28) $ — $ 54 Facilities Costs 1 7 (1) (5) (1) 1 80 10 (1) (33) (1) 55 Other Prior Year and Acquired Plans Workforce Reductions $ 45 $ (1) $ — $ (6) $ — $ 38 Facilities Costs 2 4 (1) (4) — 1 47 3 (1) (10) — 39 Total $ 127 $ 20 $ (8) $ (43) $ (1) $ 95 (1) Pension benefit augmentations recorded as pension liabilities, 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, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The components of net periodic pension income were: Three Months Ended (in millions) June 30, 2023 June 30, 2022 Service cost $ 15 $ 19 Interest cost 79 67 Expected return on assets (114) (132) Amortization of prior service credit (2) (2) Net periodic pension income $ (22) $ (48)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Class of Treasury Stock	The details of shares repurchased during the three months ended June 30, 2023 and June 30, 2022 are shown below: Fiscal 2024 Fiscal 2023 Fiscal Period Number of Shares Repurchased Average Price Per Share Amount Number of Shares Repurchased Average Price Per Share Amount 1st Quarter Open market purchases 10,975,643 $ 25.53 $ 280 8,850,912 $ 30.09 $ 266 Total 10,975,643 $ 25.53 $ 280 8,850,912 $ 30.09 $ 266
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table shows the changes in accumulated other comprehensive 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, 2023 $ (985) $ (7) $ 218 $ (774) Other comprehensive income before reclassifications 34 3 — 37 Amounts reclassified from accumulated other comprehensive loss — — (2) (2) Balance at June 30, 2023 $ (951) $ (4) $ 216 $ (739) (in millions) Foreign Currency Translation Adjustments Cash Flow Hedges Pension and Other Post-retirement Benefit Plans Accumulated Other Comprehensive Loss Balance at March 31, 2022 $ (651) $ 10 $ 256 $ (385) Other comprehensive loss before reclassifications (176) 4 — (172) Amounts reclassified from accumulated other comprehensive loss — (4) (2) (6) Balance at June 30, 2022 $ (827) $ 10 $ 254 $ (563)

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock and Performance-Based Restricted Stock Units	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, 2023 7,449,379 $ 37.11 147,487 $ 35.80 Granted 4,789,997 $ 25.09 — $ — Settled (3,816,958) $ 23.47 — $ — Canceled/Forfeited (268,023) $ 46.32 — $ — Outstanding as of June 30, 2023 8,154,395 $ 35.85 147,487 $ 35.80
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Share-Based Compensation Three Months Ended (in millions) June 30, 2023 June 30, 2022 Total share-based compensation cost $ 23 $ 28 Related income tax benefit $ 3 $ 3

Cash Flows (Tables)

Cash Flows (Tables)	3 Months Ended
	Jun. 30, 2023
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, 2023 June 30, 2022 Cash paid for: Interest $ 51 $ 22 Taxes on income, net of refunds (1) $ 52 $ 53 Non-cash activities: Operating: ROU assets obtained in exchange for lease, net (2) $ 23 $ 55 Prepaid assets acquired under long-term financing $ 4 $ 34 Investing: Capital expenditures in accounts payable and accrued expenses $ 3 $ 8 Capital expenditures through finance lease obligations $ 17 $ 26 Assets acquired under long-term financing $ 27 $ 2 Financing: Shares repurchased but not settled in cash (3) $ 13 $ — (1) Income tax refunds were $6 million and $13 million for the three months ended June 30, 2023 and June 30, 2022, respectively. (2) Net of $230 million and $338 million in lease modifications and terminations for the three months ended June 30, 2023 and June 30, 2022, respectively. (3) On August 16, 2022, the U.S. government enacted the IRA into law. The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022. In our cash flow statement, we reflect the excise tax as a financing activity relating to the repurchase of common stock.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2023
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, 2023 Revenues $ 1,703 $ 1,743 $ 3,446 $ — $ 3,446 Segment profit $ 192 $ 91 $ 283 $ (59) $ 224 Depreciation and amortization (1) $ 45 $ 184 $ 229 $ 26 $ 255 Three Months Ended June 30, 2022 Revenues $ 1,758 $ 1,949 $ 3,707 $ — $ 3,707 Segment profit $ 210 $ 127 $ 337 $ (78) $ 259 Depreciation and amortization (1) $ 41 $ 218 $ 259 $ 26 $ 285 (1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $89 million and $104 million for the three months ended June 30, 2023 and June 30, 2022, respectively.
Reconciliation of Consolidated Operating Income to Income Before Taxes	Three Months Ended (in millions) June 30, 2023 June 30, 2022 Profit Total profit for reportable segments $ 283 $ 337 All other loss (59) (78) Subtotal $ 224 $ 259 Interest income 49 20 Interest expense (66) (37) Restructuring costs (20) (33) Transaction, separation and integration-relation costs (1) (2) Amortization of acquired intangible assets (89) (104) Merger related indemnification (11) (10) (Loss) gain on disposition of businesses (5) 29 Impairment losses (3) — Income before income taxes $ 78 $ 122

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Long-term Purchase Agreements	Minimum purchase commitments as of June 30, 2023 were as follows: Fiscal year Minimum Purchase Commitment (1) (in millions) Remainder of 2024 $ 342 2025 388 2026 327 2027 9 Total $ 1,066 (1) Subsequent to June 30, 2023, the Company entered into minimum purchase commitments totaling approximately $250 million for additional purchased goods and services. These minimum purchase commitments are not reflected in the table above.

Divestitures - Narrative (Detai

Divestitures - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale	$ (5)	$ 29
Discontinued Operations, Disposed of by Sale | Series of Insignificant Disposal Groups
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale		38
Disposal Group, Held-for-sale, Not Discontinued Operations | Series of Insignificant Disposal Groups
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale		$ (9)

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income attributable to DXC common shareholders	$ 36	$ 102
Common share information:
Weighted average common shares outstanding for basic EPS (in shares)	210,110	232,480
Dilutive effect of stock options and equity awards (in shares)	3,640	4,900
Weighted average common shares outstanding for diluted EPS (in shares)	213,750	237,380
Earnings per share:
Basic (in dollars per share)	$ 0.17	$ 0.44
Diluted (in dollars per share)	$ 0.17	$ 0.43

Earnings per Share - Schedule_2

Earnings per Share - Schedule of Antidilutive Securities (Details) - shares	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted EPS (in shares)	918,608	480,727
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)	1,505,292	1,542,055
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)	1,287,186	234,731

Receivables - Allowance for Dou

Receivables - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 47	$ 55	$ 55
Provisions for losses on accounts receivable	2	$ 2	(1)
Other adjustments to allowance and write-offs	(6)		(7)
Ending balance	$ 43		$ 47

Receivables - Narrative (Detail

Receivables - Narrative (Details) - Purchasers	3 Months Ended
	Jun. 30, 2023 USD ($)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables facility, amount	$ 400,000,000
Drawn amount	380,000,000
Liability	20,000,000
Gain (loss) on sale of receivables	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended
	Jun. 30, 2023
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	9 years
Termination term	3 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating lease expense
Operating lease cost	$ 90	$ 106
Short-term lease cost	7	8
Variable lease cost	15	22
Sublease income	(4)	(4)
Total operating costs	108	132
Finance lease expense
Amortization of right-of-use assets	42	61
Interest on lease liabilities	4	5
Total finance lease cost	$ 46	$ 66

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Leases, Supplemental Cash Flow Information [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows	$ 90	$ 106
ROU assets obtained in exchange for operating lease liabilities	23	55
Change in lease classification from operating to finance lease	230	338
Finance Leases, Supplemental Cash Flow Information [Abstract]
Interest paid for finance lease liabilities – Operating cash flows	4	5
Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows	61	96
Total cash paid in the measurement of finance lease obligations	65	101
Capital expenditures through finance lease obligations	$ 17	$ 26

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Operating Lease, Supplemental Balance Sheet Information [Abstract]
Operating right-of-use assets, net	$ 849	$ 909
Current operating lease liabilities	303	317
Non-current operating lease liabilities	598	648
Total operating lease liabilities	$ 901	$ 965
Weighted-average operating lease term	3 years 10 months 24 days	3 years 10 months 24 days
Weighted-average operating lease discount rate	4.10%	3.90%
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 $4,166 and $4,111	Property and equipment, net of accumulated depreciation of $4,166 and $4,111
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]	Long-term debt, excluding finance lease liabilities	Long-term debt, excluding finance lease liabilities
ROU finance lease assets	$ 370	$ 424
Finance lease, liability, current	208	215
Finance lease, liability, noncurrent	267	287
Total finance lease liabilities	$ 475	$ 502
Weighted-average finance lease term	2 years 9 months 18 days	2 years 10 months 24 days
Weighted-average finance lease discount rate	3.50%	3.40%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Operating Leases
Remainder of 2024	$ 255
2025	276
2026	185
2027	100
2028	76
Thereafter	93
Operating lease payments	985
Less: imputed interest	(84)
Total operating lease liabilities	901	$ 965
Finance Leases
Remainder of 2024	164
2025	161
2026	99
2027	53
2028	14
Thereafter	0
Finance lease payments	491
Less: imputed interest	(16)
Total finance lease liabilities	$ 475	$ 502

Fair Value - Fair Value Measure

Fair Value - Fair Value Measurements on a Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Assets:
Other debt securities	$ 48	$ 48
Total assets	175	160
Liabilities:
Contingent consideration		2
Total liabilities		2
Level 1
Assets:
Other debt securities	0	0
Total assets	127	112
Liabilities:
Contingent consideration		0
Total liabilities		0
Level 2
Assets:
Other debt securities	46	46
Total assets	46	46
Liabilities:
Contingent consideration		0
Total liabilities		0
Cost basis		52
Level 3
Assets:
Other debt securities	2	2
Total assets	2	2
Liabilities:
Contingent consideration		2
Total liabilities		2
Money market funds and money market deposit accounts
Assets:
Cash and cash equivalents	45	75
Money market funds and money market deposit accounts | Level 1
Assets:
Cash and cash equivalents	45	75
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	82	37
Time deposits | Level 1
Assets:
Cash and cash equivalents	82	37
Time deposits | Level 2
Assets:
Cash and cash equivalents	0	0
Time deposits | Level 3
Assets:
Cash and cash equivalents	$ 0	$ 0

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2023 USD ($) counterparty	Mar. 31, 2023 USD ($)
Derivative [Line Items]
Foreign currency cash flow hedge gain to be reclassified during next 12 months	$ 7
Number of counterparties with concentration of credit risk | counterparty	6
Maximum exposure to loss	$ 7
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Forward Contracts
Derivative [Line Items]
Notational amount of derivative	893	$ 842
Designated as Hedging Instrument | Net Investment Hedging | Foreign Currency Denominated Debt
Derivative [Line Items]
Notational amount of derivative	273	272
Pretax gain (loss) on derivatives designated for hedge accounting included other comprehensive income	1
Not Designated as Hedging Instrument | Foreign Currency Forward Contracts
Derivative [Line Items]
Notational amount of derivative	$ 2,400	$ 2,500

Derivative Instruments - Nondes

Derivative Instruments - Nondesignated Hedging (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign currency remeasurement	$ (4)	$ 36
Undesignated foreign currency forward contracts	(4)	(38)
Total - Foreign currency gain	$ (8)	$ (2)

Derivative Instruments - Fair V

Derivative Instruments - Fair Value (Details) - Foreign currency forward contracts - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Designated as Hedging Instrument | Fair Value Hedging | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 8	$ 6
Designated as Hedging Instrument | Fair Value Hedging | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	11	13
Not Designated as Hedging Instrument | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	20	15
Not Designated as Hedging Instrument | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 21	$ 16

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 8,290	$ 8,239
Accumulated Amortization	5,849	5,670
Net Carrying Value	2,441	2,569
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,046	4,009
Accumulated Amortization	3,366	3,290
Net Carrying Value	680	719
Customer related intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,940	3,927
Accumulated Amortization	2,353	2,260
Net Carrying Value	1,587	1,667
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	304	303
Accumulated Amortization	130	120
Net Carrying Value	$ 174	$ 183

Intangible Assets - Components

Intangible Assets - Components of Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 231	$ 251
Intangible assets amortization
Finite-Lived Intangible Assets [Line Items]
Amortization expense	183	199
Transition and transformation contract cost amortization
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 48	$ 52

Intangible Assets - Estimated F

Intangible Assets - Estimated Future Amortization (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 538
2025	593
2026	530
2027	397
2028	173
Thereafter	210
Net Carrying Value	$ 2,441	$ 2,569

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) $ in Millions	Jun. 30, 2023 USD ($)
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, gross	$ 10,095
Accumulated impairment losses	(9,556)
GBS
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, gross	5,029
Accumulated impairment losses	(4,490)
GIS
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, gross	5,066
Accumulated impairment losses	$ (5,066)

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 EUR (€)	Mar. 31, 2023 USD ($)
Short-term debt and current maturities of long-term debt
Commercial paper	$ 349,000,000		$ 109,000,000
Current maturities of long-term debt	137,000,000		176,000,000
Current maturities of finance lease liabilities	208,000,000		215,000,000
Short-term debt and current maturities of long-term debt	694,000,000		500,000,000
Long-term debt, net of current maturities
Finance lease liabilities	475,000,000		502,000,000
Long-term debt	4,236,000,000		4,291,000,000
Less: current maturities	345,000,000		391,000,000
Long-term debt, net of current maturities	3,891,000,000		3,900,000,000
Senior notes
Long-term debt, net of current maturities
Long-term debt, net of current maturities	3,532,000,000		3,523,000,000
Unamortized debt (discount) premiums and deferred debt issuance costs	$ 21,000,000		22,000,000
Finance lease liabilities | Minimum
Debt Information [Abstract]
Effective interest rate	0%	0%
Finance lease liabilities | Maximum
Debt Information [Abstract]
Effective interest rate	14.59%	14.59%
Borrowings for assets acquired under long-term financing
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 248,000,000		285,000,000
Borrowings for assets acquired under long-term financing | Minimum
Debt Information [Abstract]
Effective interest rate	0%	0%
Borrowings for assets acquired under long-term financing | Maximum
Debt Information [Abstract]
Effective interest rate	9.78%	9.78%
Other borrowings
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 2,000,000		3,000,000
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	3.56%	3.56%
Commercial paper | Maximum
Debt Information [Abstract]
Weighted average interest rate	4.03%	4.03%
Current maturities of finance lease liabilities | Minimum
Debt Information [Abstract]
Effective interest rate	0%	0%
Current maturities of finance lease liabilities | Maximum
Debt Information [Abstract]
Effective interest rate	14.59%	14.59%
€650 million Senior notes | Senior notes
Debt Information [Abstract]
Face amount | €		€ 650,000,000
Effective interest rate	1.75%	1.75%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 707,000,000		704,000,000
$700 million Senior notes | Senior notes
Debt Information [Abstract]
Face amount	$ 700,000,000
Effective interest rate	1.80%	1.80%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 696,000,000		696,000,000
€750 million Senior notes | Senior notes
Debt Information [Abstract]
Face amount | €		€ 750,000,000
Effective interest rate	0.45%	0.45%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 814,000,000		810,000,000
$650 million Senior notes | Senior notes
Debt Information [Abstract]
Face amount	$ 650,000,000
Effective interest rate	2.375%	2.375%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 645,000,000		645,000,000
€600 million Senior notes | Senior notes
Debt Information [Abstract]
Face amount | €		€ 600,000,000
Effective interest rate	0.95%	0.95%
Long-term debt, net of current maturities
Long-term debt, net of current maturities	$ 649,000,000		$ 646,000,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Long-term debt, excluding finance lease liabilities	$ 3,891,000,000	$ 3,900,000,000
Fair value
Debt Instrument [Line Items]
Long-term debt, excluding finance lease liabilities	3,200,000,000	3,300,000,000
Carrying value
Debt Instrument [Line Items]
Long-term debt, excluding finance lease liabilities	$ 3,800,000,000	$ 3,800,000,000
Secured debt | Term Loan Payable, USD, Due 2025
Debt Instrument [Line Items]
Face amount			$ 500,000,000

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 3,446	$ 3,707
United States
Disaggregation of Revenue [Line Items]
Revenues	1,002	1,131
United Kingdom
Disaggregation of Revenue [Line Items]
Revenues	465	473
Other Europe
Disaggregation of Revenue [Line Items]
Revenues	1,064	1,138
Australia
Disaggregation of Revenue [Line Items]
Revenues	342	391
Other International
Disaggregation of Revenue [Line Items]
Revenues	$ 573	$ 574

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Billions	Jun. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 19.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	32%
Remaining performance obligation period	9 months

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Trade receivables, net	$ 2,210	$ 2,269
Contract assets	363	366
Contract liabilities	$ 1,757	$ 1,842	$ 1,744	$ 1,915

Revenue - Change in Contract Li

Revenue - Change in Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Change In Contract With Customer, Liability [Roll Forward]
Balance, beginning of period	$ 1,842	$ 1,915
Deferred revenue	464	612
Recognition of deferred revenue	(548)	(684)
Currency translation adjustment	13	(87)
Other	(14)	(12)
Balance, end of period	$ 1,757	$ 1,744

Restructuring Costs - Compositi

Restructuring Costs - Composition of Restructuring Liability (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Restructuring Costs [Abstract]
Accrued expenses and other current liabilities	$ 77	$ 105
Other long-term liabilities	18	22
Total	$ 95	$ 127

Restructuring Costs - Restructu

Restructuring Costs - Restructuring Liability (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	$ 127
Costs Expensed, Net of Reversals	20	$ 33
Costs Not Affecting Restructuring Liability	(8)
Cash Paid	(43)
Other	(1)
Restructuring Liability, ending balance	95
Fiscal 2024 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	0
Costs Expensed, Net of Reversals	7
Costs Not Affecting Restructuring Liability	(6)
Cash Paid	0
Other	0
Restructuring Liability, ending balance	1
Fiscal 2024 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	0
Costs Expensed, Net of Reversals	7
Costs Not Affecting Restructuring Liability	(6)
Cash Paid	0
Other	0
Restructuring Liability, ending balance	1
Fiscal 2023 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	80
Costs Expensed, Net of Reversals	10
Costs Not Affecting Restructuring Liability	(1)
Cash Paid	(33)
Other	(1)
Restructuring Liability, ending balance	55
Fiscal 2023 Plan | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	79
Costs Expensed, Net of Reversals	3
Costs Not Affecting Restructuring Liability	0
Cash Paid	(28)
Other	0
Restructuring Liability, ending balance	54
Fiscal 2023 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	1
Costs Expensed, Net of Reversals	7
Costs Not Affecting Restructuring Liability	(1)
Cash Paid	(5)
Other	(1)
Restructuring Liability, ending balance	1
Other Prior Year and Acquired Plans
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	47
Costs Expensed, Net of Reversals	3
Costs Not Affecting Restructuring Liability	(1)
Cash Paid	(10)
Other	0
Restructuring Liability, ending balance	39
Other Prior Year and Acquired Plans | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	45
Costs Expensed, Net of Reversals	(1)
Costs Not Affecting Restructuring Liability	0
Cash Paid	(6)
Other	0
Restructuring Liability, ending balance	38
Other Prior Year and Acquired Plans | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, beginning balance	2
Costs Expensed, Net of Reversals	4
Costs Not Affecting Restructuring Liability	(1)
Cash Paid	(4)
Other	0
Restructuring Liability, ending balance	$ 1

Restructuring Costs - Narrative

Restructuring Costs - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2023 USD ($)
Fiscal 2024 Plan
Restructuring Cost and Reserve [Line Items]
Amortization of right-of-use assets and interest expense for leases vacated	$ 6

Pension and Other Benefit Pla_3

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, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 15	$ 19
Interest cost	79	67
Expected return on assets	(114)	(132)
Amortization of prior service credit	(2)	(2)
Net periodic pension income	$ (22)	$ (48)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2019	Apr. 01, 2017
Income Tax Contingency [Line Items]
Effective income tax rate	46.20%	15.60%
Foreign earnings not indefinitely reinvested	$ 485
Potential federal and state cost from tax examinations	483
Decrease in liability for uncertain tax positions		$ 3
Reasonably possible reduction in liability for uncertain tax positions	12
HPES
Income Tax Contingency [Line Items]
Tax indemnification receivable, uncertain tax positions				$ 16
Tax indemnification receivable, tax indemnification payable				53
Tax indemnification payable				$ 89
Perspecta
Income Tax Contingency [Line Items]
Tax indemnification receivable			$ 18
Tax indemnification payable			$ 6
India
Income Tax Contingency [Line Items]
Cumulative undistributed earnings of foreign subsidiaries	$ 200

Stockholders' Equity - Capital

Stockholders' Equity - Capital Stock and Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	10,975,643	8,850,912
Average price per share (in dollars per share)	$ 25.53	$ 30.09
Amount	$ 280	$ 266
Open market purchases
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	10,975,643	8,850,912
Average price per share (in dollars per share)	$ 25.53	$ 30.09
Amount	$ 280	$ 266

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	$ 3,820	$ 5,375
Other comprehensive income before reclassifications	37	(172)
Amounts reclassified from accumulated other comprehensive loss	(2)	(6)
Ending balance	3,603	5,049
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(985)	(651)
Other comprehensive income before reclassifications	34	(176)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(951)	(827)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(7)	10
Other comprehensive income before reclassifications	3	4
Amounts reclassified from accumulated other comprehensive loss	0	(4)
Ending balance	(4)	10
Pension and Other Post-retirement Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	218	256
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	(2)	(2)
Ending balance	216	254
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(774)	(385)
Ending balance	$ (739)	$ (563)

Stock Incentive Plans - Schedul

Stock Incentive Plans - Schedule of RSUs and PBRSUs (Details)	3 Months Ended
	Jun. 30, 2023 $ / shares shares
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted Stock Units | Employee Equity Plan
Number of Shares
Equity instruments other than options nonvested - beginning balance (in shares) | shares	7,449,379
Equity instruments other than options nonvested - granted (in shares) | shares	4,789,997
Equity instruments other than options nonvested - settled (in shares) | shares	(3,816,958)
Equity instruments other than options nonvested - canceled/forfeited (in shares) | shares	(268,023)
Equity instruments other than options nonvested - ending balance (in shares) | shares	8,154,395
Weighted Average Grant Date Fair Value
Weighted average fair value other than options - beginning balance (in dollars per share) | $ / shares	$ 37.11
Weighted average fair value other than options - granted (in dollars per share) | $ / shares	25.09
Weighted average fair value other than options - settled (in dollars per share) | $ / shares	23.47
Weighted average fair value other than options - canceled/forfeited (in dollars per share) | $ / shares	46.32
Weighted average fair value other than options - ending balance (in dollars per share) | $ / shares	$ 35.85
Restricted Stock Units | Director Equity Plan
Number of Shares
Equity instruments other than options nonvested - beginning balance (in shares) | shares	147,487
Equity instruments other than options nonvested - granted (in shares) | shares	0
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	147,487
Weighted Average Grant Date Fair Value
Weighted average fair value other than options - beginning balance (in dollars per share) | $ / shares	$ 35.80
Weighted average fair value other than options - granted (in dollars per share) | $ / shares	0
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	$ 35.80

Stock Incentive Plans - Sched_2

Stock Incentive Plans - Schedule of Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Total share-based compensation cost	$ 23	$ 28
Related income tax benefit	$ 3	$ 3

Cash Flows (Details)

Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid for:
Interest	$ 51	$ 22
Taxes on income, net of refunds	52	53
Operating:
ROU assets obtained in exchange for operating lease liabilities	23	55
Prepaid assets acquired under long-term financing	4	34
Investing:
Capital expenditures in accounts payable and accrued expenses	3	8
Capital expenditures through finance lease obligations	17	26
Assets acquired under long-term financing	27	2
Financing:
Shares repurchased but not settled in cash (3)	13	0
Income tax refunds	6	13
Change in lease classification from operating to finance lease	$ 230	$ 338

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 3,446	$ 3,707
Segment profit	224	259
Depreciation and amortization	255	285
Amortization of acquired intangible assets	89	104
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	224	259
Interest income	49	20
Interest expense	(66)	(37)
Restructuring costs	(20)	(33)
Transaction, separation and integration-relation costs	(1)	(2)
Amortization of acquired intangible assets	(89)	(104)
Merger related indemnification	(11)	(10)
(Loss) gain on disposition of businesses	(5)	29
Impairment losses	(3)	0
Income before income taxes	78	122
Operating segments
Segment Reporting Information [Line Items]
Revenues	3,446	3,707
Segment profit	283	337
Depreciation and amortization	229	259
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	283	337
All Other
Segment Reporting Information [Line Items]
Revenues	0	0
Segment profit	(59)	(78)
Depreciation and amortization	26	26
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	(59)	(78)
GBS | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,703	1,758
Segment profit	192	210
Depreciation and amortization	45	41
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	192	210
GIS | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,743	1,949
Segment profit	91	127
Depreciation and amortization	184	218
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	$ 91	$ 127

Commitments and Contingencies -

Commitments and Contingencies - Minimum Purchase Commitments (Details) - USD ($) $ in Millions	Aug. 02, 2023	Jun. 30, 2023
Minimum purchase commitments [Abstract]
Remainder of 2024		$ 342
2025		388
2026		327
2027		9
Total		$ 1,066
Subsequent Event
Minimum purchase commitments [Abstract]
Total	$ 250

Commitments and Contingencies_2

Commitments and Contingencies - Contingencies (Details) - SEC Matter - USD ($) $ in Millions	1 Months Ended
	Mar. 31, 2023	Sep. 30, 2022
Loss Contingencies [Line Items]
Litigation settlement costs		$ 8
Amount awarded to other party	$ 8

Uncategorized Items - dxc-20230

Label	Element	Value
GBS Segment [Member]
Goodwill	us-gaap_Goodwill	$ 539,000,000
Goodwill	us-gaap_Goodwill	539,000,000
GIS Segment [Member]
Goodwill	us-gaap_Goodwill	0
Goodwill	us-gaap_Goodwill	$ 0