Debt (Tables)

12 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of the Company's debt:

			As of
(in millions)	Interest Rates	Fiscal Year Maturities	March 31, 2020		March 31, 2019
Short-term debt and current maturities of long-term debt
Commercial paper(1)	(0.23) - 2.76%	2021	$	542	$	694
Current maturities of long-term debt	Various	2021	290		766
Current maturities of capitalized lease liabilities	0.62% - 17.68%	2021	444		482
Short-term debt and current maturities of long-term debt			$	1,276	$	1,942
Long-term debt, net of current maturities
AUD term loan	1.65% - 2.66%(2)	2022	489		567
GBP term loan	1.50 - 1.63%(3)	2022	556		583
EUR term loan	0.65%(4)	2022	822		—
EUR term loan	0.80%(5)	2023	821		—
USD term loan	2.85% - 3.67%(6)	2025	480		—
$500 million Senior notes	2.88%	2020	—		502
$500 million Senior notes	3.08% - 3.69%	2021	—		498
$274 million Senior notes	4.45%	2023	276		277
$171 million Senior notes	4.45%	2023	172		172
$500 million Senior notes	4.25%	2025	505		506
£250 million Senior notes	2.75%	2025	307		322
€650 million Senior notes	1.75%	2026	709		725
$500 million Senior notes	4.75%	2028	507		508
$234 million Senior notes	7.45%	2030	271		273
Revolving credit facility	2.06%	2024 - 2025	1,500		—
Lease credit facility	1.70% - 3.50%	2021 - 2023	11		25
Finance lease liabilities	0.62% - 17.68%	2021 - 2025	1,046		1,127
Borrowings for assets acquired under long-term financing	0.48% - 5.78%	2021 - 2028	802		462
Mandatorily redeemable preferred stock outstanding	6.00%	2023	62		62
Other borrowings(7)	Various	2021 - 2022	70		109
Long-term debt			9,406		6,718
Less: current maturities			734		1,248
Long-term debt, net of current maturities			$	8,672	$	5,470

        

⁽¹⁾  At DXC's option, DXC can borrow up to a maximum of €1 billion or its equivalent in U.S. dollars.

⁽²⁾  Variable interest rate equal to the bank bill swap bid rate for a one-, two-, three- or six-month interest period plus 0.60% to 0.95% based on the published credit ratings of DXC.

⁽³⁾ Three-month LIBOR rate plus 0.80%.

⁽⁴⁾ At DXC’s option, the EUR term loan bears interest at the Eurocurrency Rate for a one-, two-, three-, or six-month interest period, plus a margin of between 0.40% and 0.90%, based on published credit ratings of DXC.

⁽⁵⁾ At DXC’s option, the EUR term loan bears interest at the Eurocurrency Rate for a one-, two-, three-, or six-month interest period, plus a margin of between 0.55% and 1.05%, based on published credit ratings of DXC.

⁽⁶⁾ At DXC’s option, the USD term loan bears interest at the Eurocurrency Rate for a one-, two-, three-, or six-month interest period, plus a margin of between 1.00% and 1.50%, based on published credit ratings of DXC or the Base Rate plus a margin of between 0.00% and 0.50%, based on published credit ratings of DXC.

⁽⁷⁾ Other borrowings consist mostly of 7.4% USD Senior Note.

Schedule of Long Term Debt Expected Maturities

Expected maturities of long-term debt, including borrowings for asset financing but excluding minimum capital lease payments, for fiscal years subsequent to March 31, 2020, are as follows:

Fiscal Year	(in millions)
2021	$	290
2022	2,199
2023	1,514
2024	182
2025	2,698
Thereafter	1,477
Total	$	8,360