Revenue

3 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

The following table presents our revenues disaggregated by geography, based on the location of incorporation of the DXC entity providing the related goods or services:



	Three Months Ended
(in millions)	June 30, 2019		June 30, 2018
United States	$	1,851	$	1,887
United Kingdom	715		800
Australia	373		454
Other Europe	1,230		1,347
Other International	721		794
Total Revenues	$	4,890	$	5,282

The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 20 - "Segment Information" for the Company’s segment disclosures.

Remaining Performance Obligations

Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidations, adjustments for revenue that has not materialized and adjustments for currency. As of June 30, 2019, approximately $28.0 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 34% of these remaining performance obligations in fiscal 2020, with the remainder of the balance recognized thereafter.

Contract Balances

The following table provides information about the balances of the Company's trade receivables and contract assets and contract liabilities:



	As of
(in millions)	June 30, 2019		March 31, 2019
Trade receivables, net	$	3,445	$	3,232
Contract assets	$	437	$	390
Contract liabilities	$	1,918	$	1,886

Change in contract liabilities were as follows:



	Three Months Ended
(in millions)	June 30, 2019			June 30, 2018
Balance, beginning of period	$	1,886		$	2,053
Deferred revenue	770			603
Recognition of deferred revenue	(717		)	(642		)
Currency translation adjustment	(5		)	(118		)
Other	(16		)	(15		)
Balance, end of period	$	1,918		$	1,881

The following table provides information about the Company’s capitalized costs to obtain and fulfill a contract:



	As of
(in millions)	June 30, 2019		June 30, 2018
Capitalized sales commission cost ⁽¹⁾	$	240	$	165
Transition and transformation contract costs, net ⁽²⁾	$	958	$	758

⁽¹⁾ Capitalized sales commission costs are included within other assets in the accompanying balance sheets. Amortization expense of $17 million and $14 million for the three months ended June 30, 2019 and June 30, 2018, respectively, related to the capitalized sales commission assets, is included in selling, general, and administrative expenses in the accompanying statements of operations.

⁽²⁾ Transition and transformation contract costs, net reflect the Company’s setup costs incurred upon initiation of an outsourcing contract and is included in other assets in the accompanying balance sheets. Amortization expense for the three months ended June 30, 2019 and June 30, 2018 were $67 million and $56 million, respectively, and are included within depreciation and amortization in the accompanying statements of operations.