XML 65 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Incentive Plans (Tables)
 9 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of 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 December 31, 2018
 
Reserved for issuance
 
Available for future grants
DXC Employee Equity Plan
34,200,000

 
21,905,425

DXC Director Equity Plan
230,000

 
104,310

DXC Share Purchase Plan
250,000

 
239,457

Total
34,680,000

 
22,249,192
Schedules of Stock Options and Restricted Stock Units
Stock Options
 
 
Number
of Option Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding as of March 31, 2018(1)
 
2,933,501

 
$
32.54

 
5.24
 
$
185

Granted
 
—

 
$
—

 
 
 
 
Issued due to Separation modification
 
400,170

 
$
31.72

 
 
 
 
Exercised
 
(768,302
)
 
$
37.33

 
 
 
$
38

Canceled/Forfeited
 
(14,607
)
 
$
48.33

 
 
 
 
Expired
 
(10,335
)
 
$
30.62

 
 
 
 
Outstanding as of December 31, 2018
 
2,540,427

 
$
30.88

 
4.84
 
$
57

Vested and expected to vest in the future as of December 31, 2018
 
2,539,930

 
$
30.88

 
4.84
 
$
57

Exercisable as of December 31, 2018
 
2,535,068

 
$
30.83

 
4.84
 
$
57



        

(1) The amount of the weighted average exercise price per share has been revised to reflect the impact of the Separation.

Restricted Stock Units

 
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, 2018(1)
3,985,616

 
$
47.25

 
66,386

 
$
37.26

Granted
951,118

 
$
79.48

 
19,200

 
$
87.88

Issued due to Separation modification

649,649

 
$
51.95

 
10,488

 
$
37.69

Settled
(2,163,890
)
 
$
33.22

 
(20,324
)
 
$
51.59

Canceled/Forfeited
(659,475
)
 
$
60.70

 
—

 
$
—

Outstanding as of December 31, 2018
2,763,018

 
$
67.24

 
75,750

 
$
46.31


        

(1) The amount of the weighted average fair value per share has been revised to reflect the impact of the Separation.
Schedule of Share-based Compensation
Share-Based Compensation

 
 
Three Months Ended
 
Nine Months Ended
(in millions)
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
Total share-based compensation cost
 
$
16

 
$
19

 
$
57

 
$
76

Related income tax benefit
 
$
5

 
$
5

 
$
11

 
$
24

Total intrinsic value of options exercised
 
$
3

 
$
30

 
$
38

 
$
104

Tax benefits from exercised stock options and awards
 
$
13

 
$
9

 
$
32

 
$
62