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Debt (Tables)
 6 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
The following is a summary of the Company's debt:
(in millions)Interest RatesFiscal Year MaturitiesSeptember 30, 2020March 31, 2020
Short-term debt and current maturities of long-term debt
Commercial paper(1)
(0.22)% - 0.44%
2021 - 2022$900 $542 
Current maturities of long-term debt
Various2021 - 2022282 290 
Current maturities of finance lease liabilities
0.62% - 18.47%
2021 - 2022440 444 
Short-term debt and current maturities of long-term debt$1,622 $1,276 
Long-term debt, net of current maturities
AUD term loan
0.94% - 0.96%(2)
2022358 489 
GBP term loan
0.88% - 1.46%
2022— 556 
EUR term loan
0.65%(3)
2022 - 2023292 822 
EUR term loan
0.80%(4)
2023 - 2024876 821 
USD term loan
1.40% - 2.24%(5)
2025380 480 
$274 million Senior notes
4.45%2023276 276 
$171 million Senior notes
4.45%2023172 172 
$500 million Senior notes
4.25%2025504 505 
$500 million Senior notes
4.00%2024497 — 
$500 million Senior notes
4.13%2026496 — 
£250 million Senior notes
2.75%2025320 307 
€650 million Senior notes
1.75%2026758 709 
$500 million Senior notes
4.75%2028507 507 
$234 million Senior notes
7.45%2030270 271 
Revolving credit facility
1.26% - 2.08%
2024 - 20251,250 1,500 
Lease credit facility
1.15% - 1.99%
2021 - 20236 11 
Finance lease liabilities
0.62% - 18.47%
2021 - 20271,008 1,046 
Borrowings for assets acquired under long-term financing
0.00% - 6.39%
2021 - 2028730 802 
Mandatorily redeemable preferred stock outstanding6.00%202363 62 
Other borrowingsVarious2021 - 20225 70 
Long-term debt8,768 9,406 
Less: current maturities 722 734 
Long-term debt, net of current maturities$8,046 $8,672 
        

(1)At DXC's option, DXC can borrow up to a maximum of €1 billion or its equivalent in €, £, and $. Under this existing €1.0 billion commercial paper program, the Company issued £600 million via direct sale to the Bank of England.
(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) 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 between 0.40% and 0.90%, based on published credit ratings of DXC.
(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 between 0.55% and 1.05%, based on published credit ratings of DXC.
(5) 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 between 1.00% and 1.50%, based on published credit ratings of DXC or the Base Rate plus a margin between 0.00% and 0.50%, based on published credit ratings of DXC.