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Stock Incentive Plans (Tables)
 12 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Shares Authorized Under Stock Option Plan
 
 
As of March 31, 2019
 
 
Options Outstanding
 
Options Exercisable
Range of Option Exercise Price
 
Number
Outstanding
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
$8.96 - $24.47
 
652,585

 
$
18.88

 
3.44
 
652,585

 
$
18.88

$25.14 - $41.92
 
1,120,399

 
$
29.68

 
4.83
 
1,120,399

 
$
29.68

$42.05 - $62.44
 
545,784

 
$
45.64

 
6.35
 
541,222

 
$
45.55

 
 
2,318,768

 
 
 
 
 
2,314,206

 
 
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 March 31, 2019
 
Reserved for issuance
 
Available for future grants
DXC Employee Equity Plan
34,200,000

 
21,832,963

DXC Director Equity Plan
230,000

 
104,310

DXC Share Purchase Plan
250,000

 
235,389

Total
34,680,000

 
22,172,662
Schedule of Employee Service Share-based Compensation
The Company recognized share-based compensation expense for fiscal 2019, 2018 and 2017 as follows:
 
 
Fiscal Years Ended
(in millions)
 
March 31, 2019
 
March 31, 2018
 
March 31, 2017
Total share-based compensation cost
 
$
74

 
$
93

 
$
75

Related income tax benefit
 
$
15

 
$
21

 
$
25

Total intrinsic value of options exercised
 
$
44

 
$
136

 
$
73

Tax benefits from exercised stock options and awards
 
$
39

 
$
84

 
$
34
Schedule of Valuation Assumptions
In calculating the compensation expense for its stock incentive plans, the Company used the following weighted average assumptions:
 
Fiscal Years Ended
 
 
March 31, 2017
Risk-free interest rate
 
1.60
%
Expected volatility
 
29
%
Expected term (in years)
 
6.09

Dividend yield
 
1.56
%
Schedule of Shares Outstanding
Information concerning RSUs granted to non-employee directors was as follows:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding as of April 1, 2016
89,046

 
$
27.00

Granted
33,600

 
$
47.35

Settled
(32,080
)
 
$
28.58

Canceled/Forfeited
(4,800
)
 
$
30.31

Outstanding as of March 31, 2017
85,766

 
$
34.19

Granted
22,900

 
$
84.40

Settled
(39,980
)
 
$
45.25

Canceled/Forfeited
(2,300
)
 
$
85.35

Outstanding as of March 31, 2018 (1)
66,386

 
$
37.26

Granted
19,200

 
$
87.88

Issued due to Separation modification

10,488

 
$
37.69

Settled
(20,324
)
 
$
51.59

Canceled/Forfeited
—

 
$
—

Outstanding as of March 31, 2019
75,750

 
$
46.31


        

(1) The amount of the weighted average fair value per share has been revised to reflect the impact of the USPS Separation.
Information concerning RSUs and PSUs granted under the stock incentive plans was as follows:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding as of April 1, 2016
3,597,999

 
$
29.25

Granted
1,150,185

 
$
47.70

Settled
(602,467
)
 
$
27.29

Canceled/Forfeited
(434,732
)
 
$
32.86

Outstanding as of March 31, 2017
3,710,985

 
$
34.86

Granted
1,828,667

 
$
82.34

HPE RSUs converted to DXC RSUs due to HPES Merger

95,816

 
$
69.34

Options converted to RSUs due to HPES Merger

609,416

 
$
32.58

Settled
(1,934,446
)
 
$
35.93

Canceled/Forfeited
(324,822
)
 
$
59.34

Outstanding as of March 31, 2018 (1)
3,985,616

 
$
47.25

Granted
1,136,002

 
$
77.10

Issued due to Separation modification

649,649

 
$
51.98

Settled
(2,207,467
)
 
$
33.05

Canceled/Forfeited
(754,025
)
 
$
62.01

Outstanding as of March 31, 2019
2,809,775

 
$
67.27


        

(1) The amount of the weighted average fair value per share has been revised to reflect the impact of the USPS Separation.

Information concerning stock options granted under stock incentive plans was as follows:
 
 
Number
of Option Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding as of April 1, 2016
 
5,366,621

 
$
24.83

 
7.06
 
$
51

Granted
 
2,450,976

 
$
50.91

 
 
 
 
Exercised
 
(2,544,955
)
 
$
21.84

 
 
 
$
73

Canceled/Forfeited
 
(448,505
)
 
$
36.94

 
 
 
 
Expired
 
(56,741
)
 
$
14.36

 
 
 
 
Outstanding as of March 31, 2017
 
4,767,396

 
$
38.70

 
8.01
 
$
145

HPE options converted to DXC options at HPES Merger
 
2,654,970

 
$
46.56

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

 
 
 
 
Exercised
 
(2,916,045
)
 
$
40.39

 
 
 
$
136

Canceled/Forfeited
 
(14,890
)
 
$
69.52

 
 
 
 
Expired
 
(36,411
)
 
$
36.69

 
 
 
 
Outstanding as of March 31, 2018 (1)
 
2,933,501

 
$
32.54

 
5.24
 
$
185

Issued due to Separation modification

 
400,170

 
$
31.72

 
 
 
 
Exercised
 
(969,103
)
 
$
37.33

 
 
 
$
44

Canceled/Forfeited
 
(14,607
)
 
$
48.33

 
 
 
 
Expired
 
(31,193
)
 
$
25.03

 
 
 
 
Outstanding as of March 31, 2019
 
2,318,768

 
$
30.40

 
4.80
 
$
79

Vested and expected to vest in the future as of March 31, 2019
 
2,318,406

 
$
30.40

 
4.80
 
$
79

Exercisable as of March 31, 2019
 
2,314,206

 
$
30.35

 
4.80
 
$
79


        

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