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Stock Incentive Plans (Tables)
 12 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Shares Authorized Under Stock Option Plan
 
 
As of March 31, 2020
 
 
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
 
545,394

 
$
19.03

 
2.85
 
545,394

 
$
19.03

$25.14 - $41.92
 
833,679

 
$
28.08

 
4.62
 
833,679

 
$
28.08

$42.05 - $58.80
 
490,742

 
$
45.13

 
5.24
 
490,742

 
$
45.13

 
 
1,869,815

 
 
 
 
 
1,869,815

 
 


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, 2020
 
Reserved for issuance
 
Available for future grants
DXC Employee Equity Plan
34,200,000

 
19,571,067

DXC Director Equity Plan
230,000

 
39,451

DXC Share Purchase Plan
250,000

 
206,610

Total
34,680,000

 
19,817,128
Schedule of Employee Service Share-based Compensation
The Company recognized share-based compensation expense for fiscal 2020, 2019 and 2018 as follows:
 
 
Fiscal Years Ended
(in millions)
 
March 31, 2020
 
March 31, 2019
 
March 31, 2018
Total share-based compensation cost
 
$
68

 
$
74

 
$
93

Related income tax benefit
 
$
12

 
$
15

 
$
21

Total intrinsic value of options exercised
 
$
8

 
$
44

 
$
136

Tax benefits from exercised stock options and awards
 
$
14

 
$
39

 
$
84
Schedule of Shares Outstanding
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 March 31, 2017
3,710,985

 
$
34.86

Granted
1,828,667

 
$
82.34

HPE RSUs converted to DXC RSUs due to Merger
95,816

 
$
69.34

Options converted to RSUs due to Merger
609,416

 
$
32.58

Released/Issued
(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

Released/Issued
(2,207,467
)
 
$
33.05

Canceled/Forfeited
(754,025
)
 
$
62.01

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

 
$
67.27

Granted
3,166,405

 
$
45.58

Released/Issued
(1,039,346
)
 
$
54.39

Canceled/Forfeited
(762,358
)
 
$
59.46

Outstanding as of March 31, 2020
4,174,476

 
$
55.45


        

(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 granted to non-employee directors was as follows:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding as of March 31, 2017
85,766

 
$
34.19

Granted
22,900

 
$
84.40

Released/Issued
(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

Released/Issued
(20,324
)
 
$
51.59

Canceled/Forfeited
—

 
$
—

Outstanding as of March 31, 2019
75,750

 
$
46.31

Granted
62,200

 
$
35.90

Released/Issued
(23,335
)
 
$
60.90

Canceled/Forfeited
—

 
$
—

Outstanding as of March 31, 2020
114,615

 
$
37.69


        

(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 March 31, 2017
 
4,767,396

 
$
38.70

 
8.01
 
$
145

Granted
 
—

 
$
—

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

 
$
46.56

 
 
 
 
CSC Options converted to RSUs due to 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

Granted
 
—

 
$
—

 
 
 
 
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

Granted
 
—

 
$
—

 

 


Exercised
 
(331,172
)
 
$
31.36

 

 
$
8

Canceled/Forfeited
 
(2,213
)
 
$
55.95

 

 


Expired
 
(115,568
)
 
$
34.97

 

 


Outstanding as of March 31, 2020
 
1,869,815

 
$
29.92

 
4.27
 
$
—

Vested and expected to vest in the future as of March 31, 2020
 
1,869,815

 
$
29.92

 
4.27
 
$
—

Exercisable as of March 31, 2020
 
1,869,815

 
$
29.92

 
4.27
 
$
—


        

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