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Segment and Geographic Information
 12 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment and Geographic Information 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 our customers address key business challenges and accelerate digital transformations tailored to each customer’s industry and specific objectives. GBS enterprise technology stack offerings include:

•
Analytics and Engineering. Our portfolio of analytics services and extensive partner ecosystem help customers gain rapid insights, automate operations, and accelerate their digital transformation journeys. We provide software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations and develop new ways of doing business.
•
Applications. We use advanced technologies and methods to accelerate the creation, modernization, delivery and maintenance of high-quality, secure applications allowing customers to innovate faster while reducing risk, time to market, and total cost of ownership, across industries. Our vertical-specific IP includes solutions for insurance; banking and capital markets; and automotive, among others.

GBS offerings also includes business process services, which include digital integration and optimization of front and back office processes, and agile process automation. This helps companies to reduce cost, and minimize business disruption, human error, and operational risk while improving customer experiences.

Global Infrastructure Services

GIS provides a portfolio of technology offerings that deliver predictable outcomes and measurable results, while reducing business risk and operational costs for customers. GIS enterprise stack elements include:

•
Cloud and Security. We help customers to rapidly modernize by adapting legacy apps to cloud, migrate the right workloads, and securely manage their multi-cloud environments. Our security solutions help predict attacks, proactively respond to threats, ensure compliance and protect data, applications and infrastructure.
•
IT Outsourcing. Our ITO services support infrastructure, applications, and workplace IT operations, including hardware, software, physical/virtual end-user devices, collaboration tools, and IT support services. We help customers securely optimize operations to ensure continuity of their systems and respond to new business and workplace demands, while achieving cost takeout, all with limited resources, expertise and budget.

GIS offerings also include workplace and mobility services to fit our customer’s employee, business and IT needs from intelligent collaboration, modern device management, digital support services Internet of Things ("IoT") and mobility services, providing a consumer-like, digital experience.

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, 2020
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
9,111

 
$
10,466

 
$
19,577

 
$
—

 
$
19,577

Segment Profit
 
$
1,301

 
$
1,007

 
$
2,308

 
$
(247
)
 
$
2,061

Depreciation and amortization (1)
 
$
199

 
$
1,051

 
$
1,250

 
$
109

 
$
1,359

 
 
 
 
 
 
 
 
 
 
 
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


        
     
(1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $583 million, $539 million, and $526 million for fiscal 2020, 2019, and 2018, 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, 2020
 
March 31, 2019
 
March 31, 2018
Profit
 
 
 
 
 
 
Total profit for reportable segments
 
$
2,308

 
$
3,556

 
$
3,168

All other gain (loss)
 
(247
)
 
(287
)
 
(179
)
Interest income
 
165

 
128

 
89

Interest expense
 
(383
)
 
(334
)
 
(320
)
Restructuring costs
 
(252
)
 
(465
)
 
(789
)
Transaction, separation, and integration-related costs
 
(318
)
 
(401
)
 
(359
)
Amortization of acquired intangible assets
 
(583
)
 
(539
)
 
(526
)
Goodwill impairment losses
 
(6,794
)
 
—

 
—

Gain on arbitration award
 
632

 
—

 
—

Pension and OPEB actuarial and settlement gains (losses)
 
244

 
(143
)
 
220

(Loss) income from continuing operations, before taxes
 
$
(5,228
)
 
$
1,515

 
$
1,304



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 20 - "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
(in millions)
 
March 31, 2020
 
March 31, 2019
 
March 31, 2018
United States
 
$
1,621

 
$
1,352

 
$
1,270

United Kingdom
 
493

 
512

 
535

Australia
 
134

 
144

 
191

Other Europe
 
757

 
553

 
465

Other International
 
542

 
618

 
902

Total Property and Equipment, net
 
$
3,547

 
$
3,179

 
$
3,363



No single customer exceeded 10% of the Company’s revenues during fiscal 2020, fiscal 2019 or fiscal 2018.