Acquisitions (Tables)

9 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions, Consideration Exchanged

Under the acquisition method of accounting, total consideration exchanged was:



(in millions)	Amount
Fair value of purchase consideration received by HPE stockholders⁽¹⁾	$	9,782
Fair value of HPES options assumed by CSC⁽²⁾	68
Total consideration transferred	$	9,850

⁽¹⁾

Represents the fair value of consideration received by HPE stockholders to give them 50.1% ownership in the combined company. The fair value of the purchase consideration transferred was based on a total of 141,865,656 shares of DXC common stock distributed to HPE stockholders as of the close of business on the record date (141,741,712 after the effect of 123,944 cancelled shares) at CSC's closing price of $69.01 per share on March 31, 2017.


⁽²⁾	Represents the fair value of certain stock-based awards of HPES employees that were unexercised on March 31, 2017, which were converted to DXC stock-based awards.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The Company's allocation of the purchase price to the assets acquired and liabilities assumed as of the HPES Merger date is as follows:



(in millions)	Fair Value
Cash and cash equivalents	$	938
Accounts receivable⁽¹⁾	4,102
Other current assets	530
Total current assets	5,570
Property and equipment	2,581
Intangible assets	6,384
Other assets	1,571
Total assets acquired	16,106
Accounts payable, accrued payroll, accrued expenses, and other current liabilities	(4,605		)
Deferred revenue	(1,315		)
Long-term debt, net of current maturities	(4,806		)
Long-term deferred tax liabilities and income tax payable	(1,550		)
Other liabilities	(1,322		)
Total liabilities assumed	(13,598		)
Net identifiable assets acquired	2,508
Add: Fair value of non-controlling interests	(50		)
Goodwill	7,392
Total estimated consideration transferred	$	9,850

⁽¹⁾ Includes aggregate adjustments of $203 million received from HPE in accordance with the provisions of the Separation Agreement.