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Stock Incentive Plans (Tables)
3 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share Based Compensation Shares Authorized Under Stock Option Plans
The Board has reserved for issuance shares of DXC common stock, par value $0.01 per share, under each of the plans as detailed below:
 
As of June 30, 2017
 
Reserved for issuance
 
Available for future grants
DXC Employee Equity Plan
34,200,000

 
22,581,808

DXC Director Equity Plan
230,000

 
139,734

DXC Share Purchase Plan
250,000

 
250,000

Total
34,680,000

 
22,971,542

Disclosure of Share Based Compensation Arrangements by Share Based Payment Award
 
 
Number
of Option Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding as of March 31, 2017
 
4,767,396

 
$
38.70

 
8.01
 
$
145

Granted
 
1,067

 
$
77.00

 
 
 
 
HPE options converted to DXC options at Merger
 
2,654,872

 
$
46.56

 
 
 
 
CSC Options converted to RSUs due to Merger
 
(1,521,519
)
 
$
51.00

 
 
 
 
Exercised
 
(711,432
)
 
$
35.93

 
 
 
$
29

Canceled/Forfeited
 
(925
)
 
$
54.20

 
 
 
 
Expired
 
(12,492
)
 
$
27.59

 
 
 
 
Outstanding as of June 30, 2017
 
5,176,967

 
$
39.53

 
5.99
 
$
193

Vested and expected to vest in the future as of June 30, 2017
 
5,166,000

 
$
39.47

 
5.98
 
$
193

Exercisable as of June 30, 2017
 
5,119,465

 
$
39.27

 
5.97
 
$
192

 
Employee Equity Plan
 
Director Equity Plan
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding as of March 31, 2017
3,710,985

 
$
34.86

 
85,766

 
$
34.19

Granted
1,231,656

 
$
77.12

 
4,500

 
$
80.53

HPE RSUs converted to DXC RSUs due to Merger
95,302

 
$
69.30

 

 
$

Options converted to RSUs due to Merger
609,416

 
$
32.58

 

 
$

Settled
(1,795,025
)
 
$
34.91

 
(19,500
)
 
$
44.57

Canceled/Forfeited
(55,860
)
 
$
38.36

 

 
$

Outstanding as of June 30, 2017
3,796,474

 
$
48.99

 
70,766

 
$
34.28

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
 
 
Three Months Ended
(in millions)
 
June 30, 2017
 
July 1, 2016
Total share-based compensation cost
 
$
40

 
$
14

Related income tax benefit
 
$
13

 
$
5

Total intrinsic value of options exercised
 
$
29

 
$
44

Tax benefits from exercised stock options and awards
 
$
35

 
$
19

Schedule of Fair Value Assumptions
 
Three months ended
 
June 30, 2017
 
July 1, 2016
Risk-free interest rate
1.87
%
 
1.56
%
Expected volatility
25
%
 
29
%
Expected term (in years)
5.50

 
6.19

Dividend yield
0.98
%
 
1.67
%