Segment and Geographic 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.

As a result of the Separation, USPS is no longer included as a reportable segment and its results have been reclassified to discontinued operations, net of taxes, for all periods presented. See Note 3 - "Divestitures." DXC now operates in two reportable segments as described below:

Global Business Services

GBS provides innovative technology solutions that help its clients address key business challenges and accelerate digital transformations tailored to each client’s industry and specific objectives. GBS offerings include:


•	Enterprise, Cloud Applications and Consulting. GBS provides industry, business process systems integration and technical delivery experience to maximize value from enterprise application portfolios. GBS also helps clients accelerate their digital transformations and business results with industry, business, technology and complex integration services.


•	Application Services. GBS's comprehensive services helps clients modernize, develop, test and manage their applications.


•	Analytics. GBS's portfolio of analytics services and robust partner ecosystem helps clients gain rapid insights and accelerate their digital transformation journeys.


•	Business Process Services. GBS provides seamless digital integration and optimization of front and back office processes, including its Agile Process Automation approach.


•	Industry Software and Solutions. GBS's industry-specific solutions enable businesses to quickly integrate technology, transform their operations and develop new ways of doing business. GBS's vertical-specific IP includes insurance, healthcare and life sciences, travel and transportation, and banking and capital markets solutions.

Global Infrastructure Services

GIS provides a portfolio of offerings that deliver predictable outcomes and measurable results while reducing business risk and operational costs for clients. GIS offerings include:


•	Cloud and Platform Services. GIS helps clients maximize their private cloud, public cloud and legacy infrastructures, as well as securely manage their hybrid environments.


•	Workplace and Mobility. GIS's workplace, mobility and Internet of Things ("IoT") services provides a consumer-like experience with enterprise security and instant connectivity for its clients.


•	Security. GIS's security solutions help predict attacks, proactively respond to threats, ensure compliance and protect data, applications, infrastructure and endpoints.

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
Fiscal Year Ended March 31, 2019
Revenues	$	8,684	$	12,069	$	20,753	$	—		$	20,753
Segment Profit	$	1,645	$	1,911	$	3,556	$	(287	)	$	3,269
Depreciation and amortization ⁽¹⁾	$	90	$	1,212	$	1,302	$	127		$	1,429

Fiscal Year Ended March 31, 2018
Revenues	$	9,254	$	12,479	$	21,733	$	—		$	21,733
Segment Profit	$	1,525	$	1,643	$	3,168	$	(179	)	$	2,989
Depreciation and amortization ⁽¹⁾	$	99	$	1,078	$	1,177	$	92		$	1,269

Fiscal Year Ended March 31, 2017
Revenues	$	4,173	$	3,434	$	7,607	$	—		$	7,607
Segment Profit	$	492	$	306	$	798	$	(180	)	$	618
Depreciation and amortization ⁽¹⁾	$	107	$	399	$	506	$	64		$	570

⁽¹⁾Depreciation and amortization as presented excludes amortization of acquired intangible assets of $539 million, $526 million, and $77 million for fiscal 2019, 2018, and 2017, respectively.

Reconciliation of Reportable Segment Profit to Consolidation

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 include certain corporate function costs, stock-based compensation expense, pension and OPEB actuarial and settlement gains and losses, restructuring costs, transaction, separation, and integration-related costs, amortization of acquired intangible assets.



	Fiscal Years Ended
(in millions)	March 31, 2019			March 31, 2018			March 31, 2017
Profit
Total profit for reportable segments	$	3,556		$	3,168		$	798
All other loss	(287		)	(179		)	(180		)
Interest income	128			89			35
Interest expense	(334		)	(320		)	(117		)
Restructuring costs	(465		)	(789		)	(238		)
Transaction, separation, and integration-related costs	(401		)	(359		)	(308		)
Amortization of acquired intangible assets	(539		)	(526		)	(77		)
Pension and OPEB actuarial and settlement (losses) gains	(143		)	220			(87		)
Income (loss) from continuing operations, before taxes	$	1,515		$	1,304		$	(174	)

Management does not use total assets by segment to evaluate segment performance or allocate resources. As a result, assets are not tracked by segment and therefore, total assets by segment is not disclosed.

Geographic Information

See Note 19 - "Revenue" for the Company's revenue by geography. Property and equipment, net, which is based on the physical location of the assets, was as follows:



	As of
	March 31, 2019	March 31, 2018	March 31, 2017
United States	1,352	1,270	389
United Kingdom	512	535	235
Australia	144	191	58
Other Europe	553	465	134
Other International	618	902	87
Total Property and Equipment, net	3,179	3,363	903

No single customer exceeded 10% of the Company’s revenues during fiscal 2019, fiscal 2018 or fiscal 2017.