DXC Technology (DXC) 10-Q 8 Aug 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 30, 2024	Jul. 22, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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		180,813,230
Entity Central Index Key	0001688568
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2025
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, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 3,236	$ 3,446
Costs of services (excludes depreciation and amortization and restructuring costs)	2,526	2,719
Selling, general and administrative (excludes depreciation and amortization and restructuring costs)	301	327
Depreciation and amortization	326	344
Restructuring costs	39	20
Interest expense	72	66
Interest income	(51)	(49)
Loss on disposition of businesses	0	5
Other income, net	(45)	(64)
Total costs and expenses	3,168	3,368
Income before income taxes	68	78
Income tax expense	43	36
Net income	25	42
Less: net (loss) income attributable to non-controlling interest, net of tax	(1)	6
Net income attributable to DXC common stockholders	$ 26	$ 36
Income per common share:
Basic (in dollars per share)	$ 0.14	$ 0.17
Diluted (in dollars per share)	$ 0.14	$ 0.17

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 25	$ 42
Other comprehensive income, net of taxes:
Foreign currency translation adjustments, net of tax expense of $1 and $0	3	34
Cash flow hedges adjustments, net of tax expense of $1 and $1	3	3
Pension and other post-retirement benefit plans, net of tax:
Amortization of prior service cost, net of tax benefit of $0 and $0	(1)	(2)
Pension and other post-retirement benefit plans, net of tax	(1)	(2)
Other comprehensive income, net of taxes	5	35
Comprehensive income	30	77
Less: comprehensive (loss) income attributable to non-controlling interest	(1)	6
Comprehensive income attributable to DXC common stockholders	$ 31	$ 71

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, net of tax expense (benefit)	$ 1	$ 0
Cash flow hedges adjustments, tax expense (benefit)	1	1
Amortization of prior service cost, net of tax benefit	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,317	$ 1,224
Receivables and contract assets, net of allowance of $40 and $35	2,996	3,253
Prepaid expenses	541	512
Other current assets	109	146
Total current assets	4,963	5,135
Intangible assets, net of accumulated amortization of $5,945 and $5,792	2,011	2,130
Operating right-of-use assets, net	656	731
Goodwill	531	532
Deferred income taxes, net	823	804
Property and equipment, net of accumulated depreciation of $3,497 and $3,515	1,530	1,671
Other assets	2,820	2,857
Assets held for sale - non-current	19	11
Total Assets	13,353	13,871
Current liabilities:
Short-term debt and current maturities of long-term debt	381	271
Accounts payable	676	846
Accrued payroll and related costs	595	558
Operating lease liabilities	258	282
Accrued expenses and other current liabilities	1,261	1,437
Deferred revenue and advance contract payments	762	866
Income taxes payable	160	134
Total current liabilities	4,093	4,394
Long-term debt, net of current maturities	3,766	3,818
Non-current deferred revenue	619	671
Non-current operating lease liabilities	437	497
Non-current income tax liabilities and deferred tax liabilities	546	556
Other long-term liabilities	789	869
Total Liabilities	10,250	10,805
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, 2024 and March 31, 2024	0	0
Common stock, par value $0.01 per share; authorized 750,000,000 shares; issued 186,267,057 as of June 30, 2024 and 183,430,878 as of March 31, 2024	2	2
Additional paid-in capital	7,622	7,599
Accumulated deficit	(3,814)	(3,839)
Accumulated other comprehensive loss	(727)	(732)
Treasury stock, at cost, 5,491,373 and 4,591,340 shares as of June 30, 2024 and March 31, 2024	(233)	(219)
Total DXC stockholders’ equity	2,850	2,811
Non-controlling interest in subsidiaries	253	255
Total Equity	3,103	3,066
Total Liabilities and Equity	$ 13,353	$ 13,871

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Statement of Financial Position [Abstract]
Receivables and contract assets, net of allowance	$ 40	$ 35
Accumulated Amortization	5,945	5,792
Property and equipment, net of accumulated depreciation	$ 3,497	$ 3,515
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)	186,267,057	183,430,878
Treasury shares (in shares)	5,491,373	4,591,340

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Cash flows from operating activities:
Net income	$ 25	$ 42
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	333	351
Operating right-of-use expense	80	90
Share-based compensation	23	23
Deferred taxes	(50)	(50)
Gain on dispositions	(1)	(9)
Provision for losses on accounts receivable	7	2	$ 0
Unrealized foreign currency exchange loss	0	23
Impairment losses and contract write-offs	4	7
Other non-cash charges, net	5	(2)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in assets	161	63
Decrease in operating lease liability	(80)	(90)
Decrease in other liabilities	(269)	(323)
Net cash provided by operating activities	238	127
Cash flows from investing activities:
Purchases of property and equipment	(48)	(55)
Payments for transition and transformation contract costs	(38)	(62)
Software purchased and developed	(107)	(85)
Business dispositions	0	(7)
Proceeds from sale of assets	5	11
Proceeds from short-term investing	0	(3)
Other investing activities, net	0	2
Net cash used in investing activities	(188)	(199)
Cash flows from financing activities:
Borrowings of commercial paper	323	546
Repayments of commercial paper	(172)	(305)
Payments on finance leases and borrowings for asset financing	(91)	(131)
Taxes paid related to net share settlements of share-based compensation awards	(17)	(33)
Repurchase of common stock	(2)	(285)
Other financing activities, net	0	(2)
Net cash provided by (used in) financing activities	41	(210)
Effect of exchange rate changes on cash and cash equivalents	2	0
Net increase (decrease) in cash and cash equivalents	93	(282)
Cash and cash equivalents at beginning of year	1,224	1,858	1,858
Cash and cash equivalents at end of period	$ 1,317	$ 1,576	$ 1,224

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, 2023				218,058
Beginning balance at Mar. 31, 2023		$ 3,820	$ 3,497	$ 2	$ 9,121	$ (4,665)	$ (774)	$ (187)		$ 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)
Share repurchase program (in shares)	[1]			(10,976)
Stock repurchase program	[1]	(282)	(282)		(466)	184
Stock option exercises and other common stock transactions (in shares)				3,502
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)		325
Beginning balance (in shares) at Mar. 31, 2024				183,431
Beginning balance at Mar. 31, 2024		3,066	2,811	$ 2	7,599	(3,839)	(732)	(219)	[2]	255
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		25	26			26				(1)
Other comprehensive income		5	5				5
Share-based compensation expense		23	23		23
Acquisition of treasury stock		(14)	(14)					(14)	[2]
Stock option exercises and other common stock transactions (in shares)				2,836
Non-controlling interest distributions and other		(2)	(1)			(1)				(1)
Ending balance (in shares) at Jun. 30, 2024				186,267
Ending balance at Jun. 30, 2024		$ 3,103	$ 2,850	$ 2	$ 7,622	$ (3,814)	$ (727)	$ (233)	[2]	$ 253
[1] 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, 2024	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Treasury shares (in shares)	5,491,373	4,591,340

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2024
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. Many of 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. 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, 2024 (“fiscal 2024”). 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 During fiscal 2024, the following Accounting Standards Updates (“ASUs”) were issued by the Financial Accounting Standards Board but have not yet been adopted by DXC: Date Issued and ASU DXC Effective Date Description Impact November 2023 ASU 2023-07, “Improvements to Reportable Segment Disclosures” Fiscal 2025 This update requires disclosure of significant segment expenses used by the Chief Operating Decision Maker (“CODM”) to assess performance and allocate resources, disclose the title and position of the CODM and modifies other segment disclosures and the frequency thereof. Early adoption of this update is permitted. The Company is in the process of assessing the impacts and method of adoption. This ASU will impact the Company’s segment disclosures, but not its consolidated financial statements. December 2023 ASU 2023-09, “Improvements to Income Tax Disclosures” Fiscal 2026 The update requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. Early adoption of this update is permitted. The Company is in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not its consolidated financial statements. Other recently issued ASUs that have not yet been adopted are not expected to have a material effect on DXC’s condensed consolidated financial statements.

Earnings per Share

Earnings per Share	3 Months Ended
	Jun. 30, 2024
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, 2024 June 30, 2023 Net income attributable to DXC common shareholders: $ 26 $ 36 Common share information: Weighted average common shares outstanding for basic EPS 179.66 210.11 Dilutive effect of stock options and equity awards 3.27 3.64 Weighted average common shares outstanding for diluted EPS 182.93 213.75 Earnings per share: Basic $ 0.14 $ 0.17 Diluted $ 0.14 $ 0.17 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, 2024 June 30, 2023 Stock Options 927,909 918,608 Restricted Stock Units 1,930,605 1,505,292 Performance Stock Units 160,461 1,287,186

Receivables

Receivables	3 Months Ended
	Jun. 30, 2024
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, 2024 March 31, 2024 Beginning balance $ 35 $ 47 Provisions for losses on accounts receivable 7 — Other adjustments to allowance and write-offs (2) (12) Ending balance $ 40 $ 35 Receivables Facility The Company has an accounts receivable sales facility (as amended, restated, supplemented or otherwise modified, 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 26, 2024, extending the termination date to July 25, 2025. As of June 30, 2024, the total availability under the Receivables Facility was $400 million and the amount sold to the Purchasers was $381 million, which was derecognized from the Company’s balance sheet. As of June 30, 2024, the Company recorded a $19 million asset within accounts receivable because the amount of cash proceeds received by the Company under the Receivables Facility was less 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, 2024
Leases [Abstract]
Leases	Leases The Company has operating and finance leases for data centers, corporate offices, and certain equipment. Its leases have remaining lease terms of one one Operating Leases The components of operating lease expense were as follows: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Operating lease cost $ 80 $ 90 Short-term lease cost 6 7 Variable lease cost 13 15 Sublease income (5) (4) Total operating costs $ 94 $ 108 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, 2024 Three Months Ended June 30, 2023 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 80 $ 90 ROU assets obtained in exchange for operating lease liabilities (1) $ 35 $ 23 (1) Net of $237 million and $230 million in lease modifications and terminations for the three months ended June 30, 2024 and June 30, 2023, respectively. See Note 15 – “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, 2024 March 31, 2024 ROU operating lease assets Operating right-of-use assets, net $ 656 $ 731 Operating lease liabilities Current operating lease liabilities $ 258 $ 282 Operating lease liabilities Non-current operating lease liabilities 437 497 Total operating lease liabilities $ 695 $ 779 The weighted-average operating lease term was 3.7 years and 3.9 years as of June 30, 2024 and March 31, 2024, respectively. The weighted-average operating lease discount rate was 4.7% and 4.6% as of June 30, 2024 and March 31, 2024, respectively. The following maturity analysis presents expected undiscounted cash payments for operating leases as of June 30, 2024: Fiscal Year (in millions) Remainder of 2025 2026 2027 2028 2029 Thereafter Total Operating lease payments $ 218 $ 206 $ 127 $ 101 $ 61 $ 49 $ 762 Less: imputed interest (67) Total operating lease liabilities $ 695 Finance Leases The components of finance lease expense were as follows: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Amortization of right-of-use assets $ 25 $ 42 Interest on lease liabilities 4 4 Total finance lease cost $ 29 $ 46 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Interest paid for finance lease liabilities – Operating cash flows $ 4 $ 4 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 55 61 Total cash paid in the measurement of finance lease obligations $ 59 $ 65 Capital expenditures through finance lease obligations (1) $ 7 $ 17 (1) See Note 15 – ”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, 2024 March 31, 2024 ROU finance lease assets Property and Equipment, net $ 233 $ 264 Finance lease Short-term debt and current maturities of long-term debt $ 160 $ 178 Finance lease Long-term debt, net of current maturities 218 242 Total finance lease liabilities (1) $ 378 $ 420 (1) See Note 8 – “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, 2024 and March 31, 2024, respectively. The weighted-average finance lease discount rate was 4.5% and 4.3% as of June 30, 2024 and March 31, 2024, respectively. The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2024: Fiscal Year (in millions) Remainder of 2025 2026 2027 2028 2029 Thereafter Total Finance lease payments $ 139 $ 132 $ 85 $ 41 $ 13 $ — $ 410 Less: imputed interest (32) Total finance lease liabilities $ 378
Leases	Leases The Company has operating and finance leases for data centers, corporate offices, and certain equipment. Its leases have remaining lease terms of one one Operating Leases The components of operating lease expense were as follows: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Operating lease cost $ 80 $ 90 Short-term lease cost 6 7 Variable lease cost 13 15 Sublease income (5) (4) Total operating costs $ 94 $ 108 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, 2024 Three Months Ended June 30, 2023 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 80 $ 90 ROU assets obtained in exchange for operating lease liabilities (1) $ 35 $ 23 (1) Net of $237 million and $230 million in lease modifications and terminations for the three months ended June 30, 2024 and June 30, 2023, respectively. See Note 15 – “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, 2024 March 31, 2024 ROU operating lease assets Operating right-of-use assets, net $ 656 $ 731 Operating lease liabilities Current operating lease liabilities $ 258 $ 282 Operating lease liabilities Non-current operating lease liabilities 437 497 Total operating lease liabilities $ 695 $ 779 The weighted-average operating lease term was 3.7 years and 3.9 years as of June 30, 2024 and March 31, 2024, respectively. The weighted-average operating lease discount rate was 4.7% and 4.6% as of June 30, 2024 and March 31, 2024, respectively. The following maturity analysis presents expected undiscounted cash payments for operating leases as of June 30, 2024: Fiscal Year (in millions) Remainder of 2025 2026 2027 2028 2029 Thereafter Total Operating lease payments $ 218 $ 206 $ 127 $ 101 $ 61 $ 49 $ 762 Less: imputed interest (67) Total operating lease liabilities $ 695 Finance Leases The components of finance lease expense were as follows: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Amortization of right-of-use assets $ 25 $ 42 Interest on lease liabilities 4 4 Total finance lease cost $ 29 $ 46 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Interest paid for finance lease liabilities – Operating cash flows $ 4 $ 4 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 55 61 Total cash paid in the measurement of finance lease obligations $ 59 $ 65 Capital expenditures through finance lease obligations (1) $ 7 $ 17 (1) See Note 15 – ”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, 2024 March 31, 2024 ROU finance lease assets Property and Equipment, net $ 233 $ 264 Finance lease Short-term debt and current maturities of long-term debt $ 160 $ 178 Finance lease Long-term debt, net of current maturities 218 242 Total finance lease liabilities (1) $ 378 $ 420 (1) See Note 8 – “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, 2024 and March 31, 2024, respectively. The weighted-average finance lease discount rate was 4.5% and 4.3% as of June 30, 2024 and March 31, 2024, respectively. The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2024: Fiscal Year (in millions) Remainder of 2025 2026 2027 2028 2029 Thereafter Total Finance lease payments $ 139 $ 132 $ 85 $ 41 $ 13 $ — $ 410 Less: imputed interest (32) Total finance lease liabilities $ 378

Derivative Instruments

Derivative Instruments	3 Months Ended
	Jun. 30, 2024
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, 2024 and March 31, 2024 were $838 million and $885 million, respectively. As of June 30, 2024, the related forecasted transactions extend through August 2026. During the three months ended June 30, 2024 and June 30, 2023, respectively, the Company had no cash flow hedges for which it was probable that the hedged transaction would not occur. See Note 13 – “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, 2024, $5 million of gain 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 primarily 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, 2024 and March 31, 2024 were $1.4 billion and $1.5 billion, respectively. The following table presents the pretax foreign currency loss (gain) to Other income, net: For the Three Months Ended (in millions) June 30, 2024 June 30, 2023 Foreign currency remeasurement (1) $ 7 $ (4) Undesignated foreign currency forward contracts (2) (6) (4) Total - Foreign currency loss (gain) $ 1 $ (8) (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. 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, 2024, there were eight counterparties with concentration of credit risk, and based on gross fair value, the maximum amount of loss that the Company could incur is $11 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, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets consisted of the following: As of June 30, 2024 As of March 31, 2024 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 3,762 $ 3,132 $ 630 $ 3,721 $ 3,070 $ 651 Customer related intangible assets 3,886 2,672 1,214 3,892 2,588 1,304 Other intangible assets 308 141 167 309 134 175 Total intangible assets $ 7,956 $ 5,945 $ 2,011 $ 7,922 $ 5,792 $ 2,130 The components of amortization expense were as follows: Three Months Ended (in millions) June 30, 2024 June 30, 2023 Intangible asset amortization $ 179 $ 183 Transition and transformation contract cost amortization (1) 53 48 Total amortization expense $ 232 $ 231 (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, 2024 is as follows: Fiscal Year (in millions) Remainder of 2025 $ 533 2026 622 2027 426 2028 182 2029 86 Thereafter 162 Total $ 2,011

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2024
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, 2024. (in millions) GBS GIS Total Balance as of March 31, 2024, net $ 532 $ — $ 532 Foreign currency translation (1) — (1) Balance as of June 30, 2024, net $ 531 $ — $ 531 Goodwill, gross 5,021 5,066 10,087 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of June 30, 2024, net $ 531 $ — $ 531

Debt

Debt	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s debt: (in millions) Interest Rates Fiscal Year Maturities June 30, 2024 (1) March 31, 2024 (1) Short-term debt and Commercial paper (2) 4.26% - 4.32% 2025 $ 150 $ — Current maturities of long-term debt Various 2025 - 2026 71 93 Current maturities of finance lease liabilities 0.01% - 14.59% 2025 - 2026 160 178 Short-term debt and current maturities of long-term debt $ 381 $ 271 Long-term debt, net of current maturities €650 million Senior notes 1.75% 2026 696 700 $700 million Senior notes 1.80% 2027 697 697 €750 million Senior notes 0.45% 2028 801 806 $650 million Senior notes 2.375% 2029 646 646 €600 million Senior notes 0.95% 2032 638 643 Finance lease liabilities 0.01% - 14.59% 2025 - 2030 378 420 Borrowings for assets acquired under long-term financing 0.00% - 9.78% 2025 - 2029 141 177 Long-term debt 3,997 4,089 Less: current maturities 231 271 Long-term debt, net of current maturities $ 3,766 $ 3,818 (1) The carrying amounts of the senior notes as of June 30, 2024 and March 31, 2024, include the remaining principal outstanding of $3,493 million and $3,509 million, respectively, net of total unamortized debt (discounts) and premiums, and deferred debt issuance costs of $15 million and $17 million, respectively. (2) At DXC’s option, DXC can borrow up to a maximum of €1 billion or its equivalent in £ and $. Fair Value of Debt The estimated fair value of the Company’s long-term debt excluding finance lease liabilities was $3.3 billion as of both June 30, 2024 and March 31, 2024, compared with carrying value of $3.6 billion and $3.7 billion as of June 30, 2024 and March 31, 2024, respectively. Long-term debt excluding finance lease liabilities are classified as Level 1 or Level 2 within the fair value hierarchy.

Revenue

Revenue	3 Months Ended
	Jun. 30, 2024
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, 2024 June 30, 2023 United States $ 897 $ 1,002 United Kingdom 448 465 Other Europe 1,030 1,064 Australia 299 342 Other International 562 573 Total Revenues $ 3,236 $ 3,446 The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 16 – “Segment Information” for the Company’s segment disclosures. Remaining Performance Obligations As of June 30, 2024, approximately $16.7 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 34% of these remaining performance obligations in fiscal 2025, 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, 2024 March 31, 2024 Trade receivables, net Receivables and contract assets, net of allowance for doubtful accounts $ 2,036 $ 2,195 Contract assets Receivables and contract assets, net of allowance for doubtful accounts $ 366 $ 362 Contract liabilities Deferred revenue and advance contract payments and Non-current deferred revenue $ 1,381 $ 1,537 Change in contract liabilities were as follows: Three Months Ended (in millions) June 30, 2024 June 30, 2023 Balance, beginning of period $ 1,537 $ 1,842 Deferred revenue 370 464 Recognition of deferred revenue (456) (548) Currency translation adjustment (3) 13 Other (67) (14) Balance, end of period $ 1,381 $ 1,757

Restructuring Costs

Restructuring Costs	3 Months Ended
	Jun. 30, 2024
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, 2024 March 31, 2024 Accrued expenses and other current liabilities $ 40 $ 40 Other long-term liabilities 8 11 Total $ 48 $ 51 Summary of Restructuring Plans Fiscal 2025 Plan During fiscal 2025, management approved global cost savings initiatives designed to better align the Company’s workforce, facility and data center requirements (the “Fiscal 2025 Plan ” ) . Restructuring Liability Reconciliations by Plan Restructuring Liability as of March 31, 2024 Costs Expensed, Net of Reversals Costs Not Affecting Restructuring Liability (1) Cash Paid Other (2) Restructuring Liability as of June 30, 2024 Fiscal 2025 Plan Workforce Reductions $ — $ 18 $ — $ (7) $ — $ 11 Facilities Costs — 16 (15) — — 1 — 34 (15) (7) — 12 Fiscal 2024 Plan Workforce Reductions $ 8 $ — $ — $ (5) $ (1) $ 2 Facilities Costs 2 4 — (5) — 1 10 4 — (10) (1) 3 Other Prior Year and Acquired Plans Workforce Reductions $ 40 $ (3) $ — $ (4) $ (1) $ 32 Facilities Costs 1 4 (1) (3) — 1 41 1 (1) (7) (1) 33 Total $ 51 $ 39 $ (16) $ (24) $ (2) $ 48 (1) Restructuring costs associated with right-of-use assets. (2) Foreign currency translation adjustments. Restructuring costs for the three months ended June 30, 2024 includes $4 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, 2024
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, 2024 June 30, 2023 Service cost $ 13 $ 15 Interest cost 74 79 Expected return on assets (113) (114) Amortization of prior service credit (1) (2) Net periodic pension income $ (27) $ (22) 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, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate (“ETR”) was 63.2% and 46.2% for the three months ended June 30, 2024, and June 30, 2023, respectively. For the three months ended June 30, 2024, the primary drivers of the ETR were the global mix of income, U.S. tax on foreign income, a reduction in a deferred tax asset for stock based compensation, and a decrease in a deferred tax liability for estimated taxes associated with the repatriation of foreign earnings. 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. The majority of our global unremitted foreign earnings have been taxed or would be exempt from U.S. tax upon repatriation. Such earnings and the majority of current foreign earnings are not indefinitely reinvested. The following earnings are considered indefinitely reinvested: approximately $477 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 $349 million of earnings in foreign subsidiaries. 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 $17 million tax indemnification receivable related to uncertain tax positions, a $52 million tax indemnification receivable related to other tax payables, and a $91 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 a $15 million tax indemnification receivable from Perspecta related to other tax receivables and a $4 million tax indemnification payable to Perspecta related to income tax and other tax payables. 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, foreign exchange losses, and a third-party financing transaction 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 of approximately $517 million (including estimated interest and penalties) for the unreserved portion of these items and cash tax payments of approximately $592 million 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 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. During fiscal 2024, the Company determined there were inadvertent omissions on previously filed tax returns related to gain recognition agreements and certain related tax forms and disclosures. The Company notified the IRS promptly and filed for relief under Treas. Reg. Sec. 1.367(a)-8(p) to correct the issue. 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 2021 to December 31, 2025. The Company expects to reach resolution for fiscal and tax return years 2009 through 2011, no earlier than the end of fiscal year 2026. The Company expects to reach resolution for the fiscal and tax return years 2012 and 2013 no earlier than fiscal year 2028. The Company expects to reach resolution for fiscal and tax return years 2014 through 2021 no earlier than the end of fiscal year 2026. 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, 2024, the Company’s liability for uncertain tax positions increased by $5 million (excluding interest and penalties and related tax attributes) primarily due to the benefit of the U.S. research and development income tax credit . 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 $63 million.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchase Program During the first quarter of fiscal 2025, there were no share repurchases under our Share Repurchase Program. The details of shares repurchased during the three months ended June 30, 2023 are shown below: Fiscal 2024 Fiscal Period Number of Shares Repurchased Average Price Per Share Amount 1st Quarter Open market purchases 10,975,643 $ 25.53 $ 280 Total 10,975,643 $ 25.53 $ 280 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, 2024 $ (939) $ — $ 207 $ (732) Other comprehensive income before reclassifications 3 3 — 6 Amounts reclassified from accumulated other comprehensive loss — — (1) (1) Balance at June 30, 2024 $ (936) $ 3 $ 206 $ (727) (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)

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Jun. 30, 2024
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 at the end of 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, 2024 8,311,293 $ 33.97 213,755 $ 26.82 Granted 6,881,052 $ 21.73 12,040 $ 17.86 Settled (2,858,798) $ 51.16 — $ — Canceled/Forfeited (1,012,310) $ 30.28 — $ — Outstanding as of June 30, 2024 11,321,237 $ 22.51 225,795 $ 26.34 Share-Based Compensation Three Months Ended (in millions) June 30, 2024 June 30, 2023 Total share-based compensation cost $ 23 $ 23 Related income tax benefit $ 3 $ 3

Cash Flows

Cash Flows	3 Months Ended
	Jun. 30, 2024
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, 2024 June 30, 2023 Cash paid for: Interest $ 57 $ 51 Taxes on income, net of refunds (1) $ 52 $ 52 Non-cash activities: Operating: ROU assets obtained in exchange for lease, net (2) $ 35 $ 23 Prepaid assets acquired under long-term financing $ — $ 4 Investing: Capital expenditures in accounts payable and accrued expenses $ 3 $ 3 Capital expenditures through finance lease obligations $ 7 $ 17 Assets acquired under long-term financing $ — $ 27 Financing: Shares repurchased but not settled in cash (3) $ — $ 13 (1) Income tax refunds were $16 million and $6 million for the three months ended June 30, 2024 and June 30, 2023, respectively. (2) Net of $237 million and $230 million in lease modifications and terminations for the three months ended June 30, 2024 and June 30, 2023, 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, 2024
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") provides innovative technology solutions that help our customers address key business challenges and accelerate transformations tailored to each customer’s industry and specific objectives. Global Infrastructure Services ("GIS") provides a portfolio of technology offerings that deliver predictable outcomes and measurable results while reducing business risk and operational costs for customers. 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, 2024 Revenues $ 1,673 $ 1,563 $ 3,236 $ — $ 3,236 Segment profit $ 181 $ 114 $ 295 $ (73) $ 222 Depreciation and amortization (1) $ 40 $ 175 $ 215 $ 24 $ 239 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 (1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $87 million and $89 million for the three months ended June 30, 2024 and June 30, 2023, 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, 2024 June 30, 2023 Profit Total profit for reportable segments $ 295 $ 283 All other loss (73) (59) Subtotal $ 222 $ 224 Interest income 51 49 Interest expense (72) (66) Restructuring costs (39) (20) Transaction, separation and integration-related costs (7) (1) Amortization of acquired intangible assets (87) (89) Merger related indemnification — (11) Loss on disposition of businesses — (5) Impairment losses — (3) Income before income taxes $ 68 $ 78

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Minimum purchase commitments as of June 30, 2024 were as follows: Fiscal year Minimum Purchase Commitment (in millions) Remainder of 2025 $ 426 2026 556 2027 137 2028 83 2029 30 Thereafter 5 Total $ 1,237 Contingencies Securities Litigation: 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 former shareholders of Computer Sciences Corporation (“CSC”) who exchanged their CSC shares for 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 trial date has since been extended to February 2026. In May 2024, the Court entered an order granting Plaintiffs’ motion for class certification. In July 2024, notice was provided to potential class members. The case is otherwise in discovery. On August 2, 2024, a purported class action lawsuit was filed in the United States District Court for the Eastern District of Virginia against the Company and certain of its current and former officers. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and is premised on allegedly false and/or misleading statements regarding the Company’s transformation journey. The putative class of plaintiffs includes investors who acquired DXC stock during the period of May 26, 2021 to May 16, 2024. The Company believes that the lawsuits described above are without merit and intends to vigorously defend all claims asserted. 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 12 – “Income Taxes” for further information. TCS Litigation: In April 2019, the Company filed a lawsuit against Tata Consultancy Services Limited (“TCS”) and Tata America International Corporation alleging misappropriation of certain of the Company’s trade secrets. In November 2023, a trial was held in the United States District Court for the Northern District of Texas, and a jury found TCS liable for misappropriating the Company’s trade secrets and awarded the Company $70 million in compensatory damages and $140 million in punitive damages, for a total award of $210 million. In June 2024, the Court entered a final order in the case, affirming the jury’s verdict in the Company’s favor and revising the monetary award to $56 million in compensatory damages and $112 million in punitive damages. The Court also awarded the Company $26 million in prejudgment interest, post-judgment interest at an annual rate of 4.824%, and its attorney’s fees and costs, in an amount to be determined in a later order. The total award to the Company is $194 million, plus its attorney’s fees and costs. The Court also issued a permanent injunction enjoining TCS from, among other things, possessing, accessing, or using any of the Company’s trade secrets that were at issue in the case, and appointing a monitor to confirm, among other things, that TCS does not do so. TCS may choose to appeal the decision of the District Court. The Company has not recognized any portion of the award in its financial statements and will continue to monitor the progress of the case. 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, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 26	$ 36

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
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, 2024
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. 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, 2024 (“fiscal 2024”).
Use of Estimates	Use of Estimates
Recent Accounting Pronouncements	Recent Accounting Pronouncements During fiscal 2024, the following Accounting Standards Updates (“ASUs”) were issued by the Financial Accounting Standards Board but have not yet been adopted by DXC: Date Issued and ASU DXC Effective Date Description Impact November 2023 ASU 2023-07, “Improvements to Reportable Segment Disclosures” Fiscal 2025 This update requires disclosure of significant segment expenses used by the Chief Operating Decision Maker (“CODM”) to assess performance and allocate resources, disclose the title and position of the CODM and modifies other segment disclosures and the frequency thereof. Early adoption of this update is permitted. The Company is in the process of assessing the impacts and method of adoption. This ASU will impact the Company’s segment disclosures, but not its consolidated financial statements. December 2023 ASU 2023-09, “Improvements to Income Tax Disclosures” Fiscal 2026 The update requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. Early adoption of this update is permitted. The Company is in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not its consolidated financial statements. Other recently issued ASUs that have not yet been adopted are not expected to have a material effect on DXC’s condensed consolidated financial statements.

Accounting Policies (Tables)

Accounting Policies (Tables)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Recently Adopted Accounting Pronouncements and New Accounting Pronouncements	During fiscal 2024, the following Accounting Standards Updates (“ASUs”) were issued by the Financial Accounting Standards Board but have not yet been adopted by DXC: Date Issued and ASU DXC Effective Date Description Impact November 2023 ASU 2023-07, “Improvements to Reportable Segment Disclosures” Fiscal 2025 This update requires disclosure of significant segment expenses used by the Chief Operating Decision Maker (“CODM”) to assess performance and allocate resources, disclose the title and position of the CODM and modifies other segment disclosures and the frequency thereof. Early adoption of this update is permitted. The Company is in the process of assessing the impacts and method of adoption. This ASU will impact the Company’s segment disclosures, but not its consolidated financial statements. December 2023 ASU 2023-09, “Improvements to Income Tax Disclosures” Fiscal 2026 The update requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. Early adoption of this update is permitted. The Company is in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not its consolidated financial statements.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 June 30, 2023 Net income attributable to DXC common shareholders: $ 26 $ 36 Common share information: Weighted average common shares outstanding for basic EPS 179.66 210.11 Dilutive effect of stock options and equity awards 3.27 3.64 Weighted average common shares outstanding for diluted EPS 182.93 213.75 Earnings per share: Basic $ 0.14 $ 0.17 Diluted $ 0.14 $ 0.17
Schedule of antidilutive securities excluded from computation of earnings per share	The number of awards excluded were as follows: Three Months Ended June 30, 2024 June 30, 2023 Stock Options 927,909 918,608 Restricted Stock Units 1,930,605 1,505,292 Performance Stock Units 160,461 1,287,186

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Allowance for doubtful accounts	The following table presents the change in balance for the allowance for doubtful accounts: As of (in millions) June 30, 2024 March 31, 2024 Beginning balance $ 35 $ 47 Provisions for losses on accounts receivable 7 — Other adjustments to allowance and write-offs (2) (12) Ending balance $ 40 $ 35

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 Three Months Ended June 30, 2023 Operating lease cost $ 80 $ 90 Short-term lease cost 6 7 Variable lease cost 13 15 Sublease income (5) (4) Total operating costs $ 94 $ 108 The components of finance lease expense were as follows: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Amortization of right-of-use assets $ 25 $ 42 Interest on lease liabilities 4 4 Total finance lease cost $ 29 $ 46 The following table provides supplemental cash flow information related to the Company’s finance leases: (in millions) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Interest paid for finance lease liabilities – Operating cash flows $ 4 $ 4 Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows 55 61 Total cash paid in the measurement of finance lease obligations $ 59 $ 65 Capital expenditures through finance lease obligations (1) $ 7 $ 17 (1) See Note 15 – ”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, 2024 Three Months Ended June 30, 2023 Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows $ 80 $ 90 ROU assets obtained in exchange for operating lease liabilities (1) $ 35 $ 23 (1) Net of $237 million and $230 million in lease modifications and terminations for the three months ended June 30, 2024 and June 30, 2023, respectively. See Note 15 – “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, 2024 March 31, 2024 ROU operating lease assets Operating right-of-use assets, net $ 656 $ 731 Operating lease liabilities Current operating lease liabilities $ 258 $ 282 Operating lease liabilities Non-current operating lease liabilities 437 497 Total operating lease liabilities $ 695 $ 779 The weighted-average operating lease term was 3.7 years and 3.9 years as of June 30, 2024 and March 31, 2024, respectively. The weighted-average operating lease discount rate was 4.7% and 4.6% as of June 30, 2024 and March 31, 2024, respectively. The following table presents finance lease balances: As of (in millions) Balance Sheet Line Item June 30, 2024 March 31, 2024 ROU finance lease assets Property and Equipment, net $ 233 $ 264 Finance lease Short-term debt and current maturities of long-term debt $ 160 $ 178 Finance lease Long-term debt, net of current maturities 218 242 Total finance lease liabilities (1) $ 378 $ 420 (1) See Note 8 – “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, 2024: Fiscal Year (in millions) Remainder of 2025 2026 2027 2028 2029 Thereafter Total Operating lease payments $ 218 $ 206 $ 127 $ 101 $ 61 $ 49 $ 762 Less: imputed interest (67) Total operating lease liabilities $ 695
Maturities of finance lease liabilities	The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2024: Fiscal Year (in millions) Remainder of 2025 2026 2027 2028 2029 Thereafter Total Finance lease payments $ 139 $ 132 $ 85 $ 41 $ 13 $ — $ 410 Less: imputed interest (32) Total finance lease liabilities $ 378

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivatives not designated for hedge accounting	The following table presents the pretax foreign currency loss (gain) to Other income, net: For the Three Months Ended (in millions) June 30, 2024 June 30, 2023 Foreign currency remeasurement (1) $ 7 $ (4) Undesignated foreign currency forward contracts (2) (6) (4) Total - Foreign currency loss (gain) $ 1 $ (8) (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.

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of amortizable intangible assets	Intangible assets consisted of the following: As of June 30, 2024 As of March 31, 2024 (in millions) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Software $ 3,762 $ 3,132 $ 630 $ 3,721 $ 3,070 $ 651 Customer related intangible assets 3,886 2,672 1,214 3,892 2,588 1,304 Other intangible assets 308 141 167 309 134 175 Total intangible assets $ 7,956 $ 5,945 $ 2,011 $ 7,922 $ 5,792 $ 2,130
Schedule of components of amortization expense	The components of amortization expense were as follows: Three Months Ended (in millions) June 30, 2024 June 30, 2023 Intangible asset amortization $ 179 $ 183 Transition and transformation contract cost amortization (1) 53 48 Total amortization expense $ 232 $ 231 (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, 2024 is as follows: Fiscal Year (in millions) Remainder of 2025 $ 533 2026 622 2027 426 2028 182 2029 86 Thereafter 162 Total $ 2,011

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024. (in millions) GBS GIS Total Balance as of March 31, 2024, net $ 532 $ — $ 532 Foreign currency translation (1) — (1) Balance as of June 30, 2024, net $ 531 $ — $ 531 Goodwill, gross 5,021 5,066 10,087 Accumulated impairment losses (4,490) (5,066) (9,556) Balance as of June 30, 2024, net $ 531 $ — $ 531

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 (1) March 31, 2024 (1) Short-term debt and Commercial paper (2) 4.26% - 4.32% 2025 $ 150 $ — Current maturities of long-term debt Various 2025 - 2026 71 93 Current maturities of finance lease liabilities 0.01% - 14.59% 2025 - 2026 160 178 Short-term debt and current maturities of long-term debt $ 381 $ 271 Long-term debt, net of current maturities €650 million Senior notes 1.75% 2026 696 700 $700 million Senior notes 1.80% 2027 697 697 €750 million Senior notes 0.45% 2028 801 806 $650 million Senior notes 2.375% 2029 646 646 €600 million Senior notes 0.95% 2032 638 643 Finance lease liabilities 0.01% - 14.59% 2025 - 2030 378 420 Borrowings for assets acquired under long-term financing 0.00% - 9.78% 2025 - 2029 141 177 Long-term debt 3,997 4,089 Less: current maturities 231 271 Long-term debt, net of current maturities $ 3,766 $ 3,818 (1) The carrying amounts of the senior notes as of June 30, 2024 and March 31, 2024, include the remaining principal outstanding of $3,493 million and $3,509 million, respectively, net of total unamortized debt (discounts) and premiums, and deferred debt issuance costs of $15 million and $17 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, 2024
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, 2024 June 30, 2023 United States $ 897 $ 1,002 United Kingdom 448 465 Other Europe 1,030 1,064 Australia 299 342 Other International 562 573 Total Revenues $ 3,236 $ 3,446
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, 2024 March 31, 2024 Trade receivables, net Receivables and contract assets, net of allowance for doubtful accounts $ 2,036 $ 2,195 Contract assets Receivables and contract assets, net of allowance for doubtful accounts $ 366 $ 362 Contract liabilities Deferred revenue and advance contract payments and Non-current deferred revenue $ 1,381 $ 1,537 Change in contract liabilities were as follows: Three Months Ended (in millions) June 30, 2024 June 30, 2023 Balance, beginning of period $ 1,537 $ 1,842 Deferred revenue 370 464 Recognition of deferred revenue (456) (548) Currency translation adjustment (3) 13 Other (67) (14) Balance, end of period $ 1,381 $ 1,757

Restructuring Costs (Tables)

Restructuring Costs (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 March 31, 2024 Accrued expenses and other current liabilities $ 40 $ 40 Other long-term liabilities 8 11 Total $ 48 $ 51
Schedule of restructuring liability	Restructuring Liability Reconciliations by Plan Restructuring Liability as of March 31, 2024 Costs Expensed, Net of Reversals Costs Not Affecting Restructuring Liability (1) Cash Paid Other (2) Restructuring Liability as of June 30, 2024 Fiscal 2025 Plan Workforce Reductions $ — $ 18 $ — $ (7) $ — $ 11 Facilities Costs — 16 (15) — — 1 — 34 (15) (7) — 12 Fiscal 2024 Plan Workforce Reductions $ 8 $ — $ — $ (5) $ (1) $ 2 Facilities Costs 2 4 — (5) — 1 10 4 — (10) (1) 3 Other Prior Year and Acquired Plans Workforce Reductions $ 40 $ (3) $ — $ (4) $ (1) $ 32 Facilities Costs 1 4 (1) (3) — 1 41 1 (1) (7) (1) 33 Total $ 51 $ 39 $ (16) $ (24) $ (2) $ 48 (1) 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, 2024
Retirement Benefits [Abstract]
Schedule of defined benefit plans disclosures	The components of net periodic pension income were: Three Months Ended (in millions) June 30, 2024 June 30, 2023 Service cost $ 13 $ 15 Interest cost 74 79 Expected return on assets (113) (114) Amortization of prior service credit (1) (2) Net periodic pension income $ (27) $ (22)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Class of treasury stock	The details of shares repurchased during the three months ended June 30, 2023 are shown below: Fiscal 2024 Fiscal Period Number of Shares Repurchased Average Price Per Share Amount 1st Quarter Open market purchases 10,975,643 $ 25.53 $ 280 Total 10,975,643 $ 25.53 $ 280
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, 2024 $ (939) $ — $ 207 $ (732) Other comprehensive income before reclassifications 3 3 — 6 Amounts reclassified from accumulated other comprehensive loss — — (1) (1) Balance at June 30, 2024 $ (936) $ 3 $ 206 $ (727) (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)

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 8,311,293 $ 33.97 213,755 $ 26.82 Granted 6,881,052 $ 21.73 12,040 $ 17.86 Settled (2,858,798) $ 51.16 — $ — Canceled/Forfeited (1,012,310) $ 30.28 — $ — Outstanding as of June 30, 2024 11,321,237 $ 22.51 225,795 $ 26.34
Schedule of employee service share-based compensation, allocation of recognized period costs	Share-Based Compensation Three Months Ended (in millions) June 30, 2024 June 30, 2023 Total share-based compensation cost $ 23 $ 23 Related income tax benefit $ 3 $ 3

Cash Flows (Tables)

Cash Flows (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 June 30, 2023 Cash paid for: Interest $ 57 $ 51 Taxes on income, net of refunds (1) $ 52 $ 52 Non-cash activities: Operating: ROU assets obtained in exchange for lease, net (2) $ 35 $ 23 Prepaid assets acquired under long-term financing $ — $ 4 Investing: Capital expenditures in accounts payable and accrued expenses $ 3 $ 3 Capital expenditures through finance lease obligations $ 7 $ 17 Assets acquired under long-term financing $ — $ 27 Financing: Shares repurchased but not settled in cash (3) $ — $ 13 (1) Income tax refunds were $16 million and $6 million for the three months ended June 30, 2024 and June 30, 2023, respectively. (2) Net of $237 million and $230 million in lease modifications and terminations for the three months ended June 30, 2024 and June 30, 2023, 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, 2024
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, 2024 Revenues $ 1,673 $ 1,563 $ 3,236 $ — $ 3,236 Segment profit $ 181 $ 114 $ 295 $ (73) $ 222 Depreciation and amortization (1) $ 40 $ 175 $ 215 $ 24 $ 239 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 (1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $87 million and $89 million for the three months ended June 30, 2024 and June 30, 2023, respectively.
Reconciliation of consolidated operating income to income before taxes	Three Months Ended (in millions) June 30, 2024 June 30, 2023 Profit Total profit for reportable segments $ 295 $ 283 All other loss (73) (59) Subtotal $ 222 $ 224 Interest income 51 49 Interest expense (72) (66) Restructuring costs (39) (20) Transaction, separation and integration-related costs (7) (1) Amortization of acquired intangible assets (87) (89) Merger related indemnification — (11) Loss on disposition of businesses — (5) Impairment losses — (3) Income before income taxes $ 68 $ 78

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of long-term purchase agreements	Minimum purchase commitments as of June 30, 2024 were as follows: Fiscal year Minimum Purchase Commitment (in millions) Remainder of 2025 $ 426 2026 556 2027 137 2028 83 2029 30 Thereafter 5 Total $ 1,237

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, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to DXC common shareholders	$ 26	$ 36
Common share information:
Weighted average common shares outstanding for basic EPS (in shares)	179,660	210,110
Dilutive effect of stock options and equity awards (in shares)	3,270	3,640
Weighted average common shares outstanding for diluted EPS (in shares)	182,930	213,750
Earnings per share:
Basic (in dollars per share)	$ 0.14	$ 0.17
Diluted (in dollars per share)	$ 0.14	$ 0.17

Earnings per Share - Schedule_2

Earnings per Share - Schedule of Antidilutive Securities (Details) - shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted EPS (in shares)	927,909	918,608
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)	1,930,605	1,505,292
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)	160,461	1,287,186

Receivables - Allowance for Dou

Receivables - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 35	$ 47	$ 47
Provisions for losses on accounts receivable	7	$ 2	0
Other adjustments to allowance and write-offs	(2)		(12)
Ending balance	$ 40		$ 35

Receivables - Narrative (Detail

Receivables - Narrative (Details) - Purchasers	3 Months Ended
	Jun. 30, 2024 USD ($)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables facility, amount	$ 400,000,000
Availability under receivable facility	400,000,000
Drawn amount	381,000,000
Asset	19,000,000
Gain (loss) on sale of receivables	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended
	Jun. 30, 2024
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	10 years
Termination term	3 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating lease expense
Operating lease cost	$ 80	$ 90
Short-term lease cost	6	7
Variable lease cost	13	15
Sublease income	(5)	(4)
Total operating costs	94	108
Finance lease expense
Amortization of right-of-use assets	25	42
Interest on lease liabilities	4	4
Total finance lease cost	$ 29	$ 46

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Leases, Supplemental Cash Flow Information [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows	$ 80	$ 90
ROU assets obtained in exchange for operating lease liabilities	35	23
Change in lease classification from operating to finance lease	237	230
Finance Leases, Supplemental Cash Flow Information [Abstract]
Interest paid for finance lease liabilities – Operating cash flows	4	4
Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows	55	61
Total cash paid in the measurement of finance lease obligations	59	65
Capital expenditures through finance lease obligations	$ 7	$ 17

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Operating Lease, Supplemental Balance Sheet Information [Abstract]
Operating right-of-use assets, net	$ 656	$ 731
Current operating lease liabilities	258	282
Non-current operating lease liabilities	437	497
Total operating lease liabilities	$ 695	$ 779
Weighted-average operating lease term	3 years 8 months 12 days	3 years 10 months 24 days
Weighted-average operating lease discount rate	4.70%	4.60%
Finance Lease, Supplemental Balance Sheet Information [Abstract]
Property and Equipment, net	Property and equipment, net of accumulated depreciation of $3,497 and $3,515	Property and equipment, net of accumulated depreciation of $3,497 and $3,515
Short-term debt and current maturities of long-term debt	Short-term debt and current maturities of long-term debt	Short-term debt and current maturities of long-term debt
Long-term debt, net of current maturities	Long-term debt, excluding finance lease liabilities	Long-term debt, excluding finance lease liabilities
ROU finance lease assets	$ 233	$ 264
Finance lease	160	178
Finance lease	218	242
Total finance lease liabilities	$ 378	$ 420
Weighted-average finance lease term	2 years 9 months 18 days	2 years 10 months 24 days
Weighted-average finance lease discount rate	4.50%	4.30%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Operating Leases
Remainder of 2025	$ 218
2026	206
2027	127
2028	101
2029	61
Thereafter	49
Operating lease payments	762
Less: imputed interest	(67)
Total operating lease liabilities	695	$ 779
Finance Leases
Remainder of 2025	139
2026	132
2027	85
2028	41
2029	13
Thereafter	0
Finance lease payments	410
Less: imputed interest	(32)
Total finance lease liabilities	$ 378	$ 420

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($) counterparty	Mar. 31, 2024 USD ($)
Derivative [Line Items]
Foreign currency cash flow hedge gain to be reclassified during next 12 months	$ 5
Number of counterparties with concentration of credit risk | counterparty	8
Maximum exposure to loss	$ 11
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Forward Contracts
Derivative [Line Items]
Notational amount of derivative	838	$ 885
Designated as Hedging Instrument | Net Investment Hedging | Foreign Currency Denominated Debt
Derivative [Line Items]
Notational amount of derivative	697	702
Pretax gain (loss) on derivatives designated for hedge accounting included other comprehensive income	5
Not Designated as Hedging Instrument | Foreign Currency Forward Contracts
Derivative [Line Items]
Notational amount of derivative	$ 1,400	$ 1,500

Derivative Instruments - Nondes

Derivative Instruments - Nondesignated Hedging (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign currency remeasurement	$ 7	$ (4)
Undesignated foreign currency forward contracts	(6)	(4)
Total - Foreign currency loss (gain)	$ 1	$ (8)

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 7,956	$ 7,922
Accumulated Amortization	5,945	5,792
Net Carrying Value	2,011	2,130
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,762	3,721
Accumulated Amortization	3,132	3,070
Net Carrying Value	630	651
Customer related intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,886	3,892
Accumulated Amortization	2,672	2,588
Net Carrying Value	1,214	1,304
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	308	309
Accumulated Amortization	141	134
Net Carrying Value	$ 167	$ 175

Intangible Assets - Components

Intangible Assets - Components of Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 232	$ 231
Intangible asset amortization
Finite-Lived Intangible Assets [Line Items]
Amortization expense	179	183
Transition and transformation contract cost amortization
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 53	$ 48

Intangible Assets - Estimated F

Intangible Assets - Estimated Future Amortization (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2025	$ 533
2026	622
2027	426
2028	182
2029	86
Thereafter	162
Net Carrying Value	$ 2,011	$ 2,130

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, beginning balance	$ 532
Foreign currency translation	(1)
Goodwill, gross	10,087
Accumulated impairment losses	(9,556)
Goodwill, ending balance	531
GBS
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, beginning balance	532
Foreign currency translation	(1)
Goodwill, gross	5,021
Accumulated impairment losses	(4,490)
Goodwill, ending balance	531
GIS
Changes in the carrying amount of goodwill by segment [Roll Forward]
Goodwill, beginning balance	0
Foreign currency translation	0
Goodwill, gross	5,066
Accumulated impairment losses	(5,066)
Goodwill, ending balance	$ 0

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 EUR (€)	Mar. 31, 2024 USD ($)
Short-term debt and current maturities of long-term debt
Commercial paper	$ 150,000,000		$ 0
Current maturities of long-term debt	71,000,000		93,000,000
Current maturities of finance lease liabilities	160,000,000		178,000,000
Short-term debt and current maturities of long-term debt	381,000,000		271,000,000
Long-term debt, net of current maturities
Finance lease liabilities	378,000,000		420,000,000
Long-term debt	3,997,000,000		4,089,000,000
Less: current maturities	231,000,000		271,000,000
Long-term debt, net of current maturities	3,766,000,000		3,818,000,000
Senior notes
Long-term debt, net of current maturities
Long-term debt, net of current maturities	3,493,000,000		3,509,000,000
Unamortized debt (discount) premiums and deferred debt issuance costs	$ (15,000,000)		(17,000,000)
Finance lease liabilities | Minimum
Debt Information [Abstract]
Effective interest rate	0.01%	0.01%
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	$ 141,000,000		177,000,000
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%
Current maturities of finance lease liabilities | Minimum
Debt Information [Abstract]
Effective interest rate	0.01%	0.01%
Current maturities of finance lease liabilities | Maximum
Debt Information [Abstract]
Effective interest rate	14.59%	14.59%
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	4.26%	4.26%
Commercial paper | Maximum
Debt Information [Abstract]
Weighted average interest rate	4.32%	4.32%
€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	$ 696,000,000		700,000,000
$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	$ 697,000,000		697,000,000
€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	$ 801,000,000		806,000,000
$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	$ 646,000,000		646,000,000
€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	$ 638,000,000		$ 643,000,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Long-term debt, excluding finance lease liabilities	$ 3,766	$ 3,818
Fair value
Debt Instrument [Line Items]
Long-term debt, excluding finance lease liabilities	3,300	3,300
Carrying value
Debt Instrument [Line Items]
Long-term debt, excluding finance lease liabilities	$ 3,600	$ 3,700

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 3,236	$ 3,446
United States
Disaggregation of Revenue [Line Items]
Revenues	897	1,002
United Kingdom
Disaggregation of Revenue [Line Items]
Revenues	448	465
Other Europe
Disaggregation of Revenue [Line Items]
Revenues	1,030	1,064
Australia
Disaggregation of Revenue [Line Items]
Revenues	299	342
Other International
Disaggregation of Revenue [Line Items]
Revenues	$ 562	$ 573

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Billions	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 16.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	34%
Remaining performance obligation period	9 months

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Trade receivables, net	$ 2,036	$ 2,195
Contract assets	366	362
Contract liabilities	$ 1,381	$ 1,537	$ 1,757	$ 1,842

Revenue - Change in Contract Li

Revenue - Change in Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Change In Contract With Customer, Liability [Roll Forward]
Balance, beginning of period	$ 1,537	$ 1,842
Deferred revenue	370	464
Recognition of deferred revenue	(456)	(548)
Currency translation adjustment	(3)	13
Other	(67)	(14)
Balance, end of period	$ 1,381	$ 1,757

Restructuring Costs - Compositi

Restructuring Costs - Composition of Restructuring Liability (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Restructuring Costs [Abstract]
Accrued expenses and other current liabilities	$ 40	$ 40
Other long-term liabilities	8	11
Total	$ 48	$ 51

Restructuring Costs - Restructu

Restructuring Costs - Restructuring Liability (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	$ 51
Costs Expensed, Net of Reversals	39	$ 20
Costs Not Affecting Restructuring Liability	(16)
Cash Paid	(24)
Other	(2)
Restructuring Liability as of June 30, 2024	48
Fiscal 2025 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	0
Costs Expensed, Net of Reversals	34
Costs Not Affecting Restructuring Liability	(15)
Cash Paid	(7)
Other	0
Restructuring Liability as of June 30, 2024	12
Fiscal 2025 Plan | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	0
Costs Expensed, Net of Reversals	18
Costs Not Affecting Restructuring Liability	0
Cash Paid	(7)
Other	0
Restructuring Liability as of June 30, 2024	11
Fiscal 2025 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	0
Costs Expensed, Net of Reversals	16
Costs Not Affecting Restructuring Liability	(15)
Cash Paid	0
Other	0
Restructuring Liability as of June 30, 2024	1
Fiscal 2024 Plan
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	10
Costs Expensed, Net of Reversals	4
Costs Not Affecting Restructuring Liability	0
Cash Paid	(10)
Other	(1)
Restructuring Liability as of June 30, 2024	3
Fiscal 2024 Plan | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	8
Costs Expensed, Net of Reversals	0
Costs Not Affecting Restructuring Liability	0
Cash Paid	(5)
Other	(1)
Restructuring Liability as of June 30, 2024	2
Fiscal 2024 Plan | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	2
Costs Expensed, Net of Reversals	4
Costs Not Affecting Restructuring Liability	0
Cash Paid	(5)
Other	0
Restructuring Liability as of June 30, 2024	1
Other Prior Year and Acquired Plans
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	41
Costs Expensed, Net of Reversals	1
Costs Not Affecting Restructuring Liability	(1)
Cash Paid	(7)
Other	(1)
Restructuring Liability as of June 30, 2024	33
Other Prior Year and Acquired Plans | Workforce Reductions
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	40
Costs Expensed, Net of Reversals	(3)
Costs Not Affecting Restructuring Liability	0
Cash Paid	(4)
Other	(1)
Restructuring Liability as of June 30, 2024	32
Other Prior Year and Acquired Plans | Facilities Costs
Restructuring Reserve [Roll Forward]
Restructuring Liability as of March 31, 2024	1
Costs Expensed, Net of Reversals	4
Costs Not Affecting Restructuring Liability	(1)
Cash Paid	(3)
Other	0
Restructuring Liability as of June 30, 2024	$ 1

Restructuring Costs - Narrative

Restructuring Costs - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Fiscal 2025 Plan
Restructuring Cost and Reserve [Line Items]
Amortization of right-of-use assets and interest expense for leases vacated	$ 4

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, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 13	$ 15
Interest cost	74	79
Expected return on assets	(113)	(114)
Amortization of prior service credit	(1)	(2)
Net periodic pension income	$ (27)	$ (22)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2019	Apr. 01, 2017
Income Tax Contingency [Line Items]
Effective income tax rate	63.20%	46.20%
Foreign earnings not indefinitely reinvested	$ 477
Cumulative undistributed earnings of foreign subsidiaries	349
Potential federal and state cost from tax examinations	517
Potential cash tax payments	592
Increase in liability for uncertain tax positions	5
Reasonably possible reduction in liability for uncertain tax positions	$ 63
HPES
Income Tax Contingency [Line Items]
Tax indemnification receivable, uncertain tax positions				$ 17
Tax indemnification receivable, tax indemnification payable				52
Tax indemnification payable				$ 91
Perspecta
Income Tax Contingency [Line Items]
Tax indemnification payable			$ 4
Tax indemnification receivable			$ 15

Stockholders' Equity - Capital

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

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	$ 3,066	$ 3,820
Other comprehensive income before reclassifications	6	37
Amounts reclassified from accumulated other comprehensive loss	(1)	(2)
Ending balance	3,103	3,603
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(939)	(985)
Other comprehensive income before reclassifications	3	34
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(936)	(951)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	0	(7)
Other comprehensive income before reclassifications	3	3
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	3	(4)
Pension and Other Post-retirement Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	207	218
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	(1)	(2)
Ending balance	206	216
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest [Abstract]
Beginning balance	(732)	(774)
Ending balance	$ (727)	$ (739)

Stock Incentive Plans - Schedul

Stock Incentive Plans - Schedule of RSUs and PBRSUs (Details)	3 Months Ended
	Jun. 30, 2024 $ / 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	8,311,293
Equity instruments other than options nonvested - granted (in shares) | shares	6,881,052
Equity instruments other than options nonvested - settled (in shares) | shares	(2,858,798)
Equity instruments other than options nonvested - canceled/forfeited (in shares) | shares	(1,012,310)
Equity instruments other than options nonvested - ending balance (in shares) | shares	11,321,237
Weighted Average Grant Date Fair Value
Weighted average fair value other than options - beginning balance (in dollars per share) | $ / shares	$ 33.97
Weighted average fair value other than options - granted (in dollars per share) | $ / shares	21.73
Weighted average fair value other than options - settled (in dollars per share) | $ / shares	51.16
Weighted average fair value other than options - canceled/forfeited (in dollars per share) | $ / shares	30.28
Weighted average fair value other than options - ending balance (in dollars per share) | $ / shares	$ 22.51
Restricted Stock Units | Director Equity Plan
Number of Shares
Equity instruments other than options nonvested - beginning balance (in shares) | shares	213,755
Equity instruments other than options nonvested - granted (in shares) | shares	12,040
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	225,795
Weighted Average Grant Date Fair Value
Weighted average fair value other than options - beginning balance (in dollars per share) | $ / shares	$ 26.82
Weighted average fair value other than options - granted (in dollars per share) | $ / shares	17.86
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	$ 26.34

Stock Incentive Plans - Sched_2

Stock Incentive Plans - Schedule of Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Total share-based compensation cost	$ 23	$ 23
Related income tax benefit	$ 3	$ 3

Cash Flows (Details)

Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash paid for:
Interest	$ 57	$ 51
Taxes on income, net of refunds	52	52
Operating:
ROU assets obtained in exchange for lease, net	35	23
Prepaid assets acquired under long-term financing	0	4
Investing:
Capital expenditures in accounts payable and accrued expenses	3	3
Capital expenditures through finance lease obligations	7	17
Assets acquired under long-term financing	0	27
Financing:
Shares repurchased but not settled in cash (3)	0	13
Income tax refunds	16	6
Change in lease classification from operating to finance lease	$ 237	$ 230

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 3,236	$ 3,446
Segment profit	222	224
Depreciation and amortization	239	255
Amortization of acquired intangible assets	87	89
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	222	224
Interest income	51	49
Interest expense	(72)	(66)
Restructuring costs	(39)	(20)
Transaction, separation and integration-related costs	(7)	(1)
Amortization of acquired intangible assets	(87)	(89)
Merger related indemnification	0	(11)
Loss on disposition of businesses	0	(5)
Impairment losses	0	(3)
Income before income taxes	68	78
Operating segments
Segment Reporting Information [Line Items]
Revenues	3,236	3,446
Segment profit	295	283
Depreciation and amortization	215	229
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	295	283
All Other
Segment Reporting Information [Line Items]
Revenues	0	0
Segment profit	(73)	(59)
Depreciation and amortization	24	26
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	(73)	(59)
GBS | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,673	1,703
Segment profit	181	192
Depreciation and amortization	40	45
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	181	192
GIS | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,563	1,743
Segment profit	114	91
Depreciation and amortization	175	184
Reconciliation of Consolidated Operating Income to Income Before Taxes [Abstract]
Subtotal	$ 114	$ 91

Commitments and Contingencies -

Commitments and Contingencies - Minimum Purchase Commitments (Details) $ in Millions	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2025	$ 426
2026	556
2027	137
2028	83
2029	30
Thereafter	5
Total	$ 1,237

Commitments and Contingencies_2

Commitments and Contingencies - Contingencies (Details) - TCS Litigation - USD ($) $ in Millions	1 Months Ended
	Jun. 30, 2024	Nov. 30, 2023
Loss Contingencies [Line Items]
Proceeds from litigation settlement	$ 194	$ 210
Compensatory Damages
Loss Contingencies [Line Items]
Proceeds from litigation settlement	56	70
Punitive Damages
Loss Contingencies [Line Items]
Proceeds from litigation settlement	$ 112	$ 140
Post-Judgment Interest Rate
Loss Contingencies [Line Items]
Settlement interest rate	4.824%
Prejudgment Post-judgment Interest
Loss Contingencies [Line Items]
Proceeds from litigation settlement	$ 26