Debt (Tables)

12 Months Ended

Mar. 31, 2021

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, 2021		March 31, 2020
Short-term debt and current maturities of long-term debt
Commercial paper(1)	(0.39)% - 0.44%	2022	$	213	$	542
Current maturities of long-term debt	Various	2022	556		290
Current maturities of finance lease liabilities	0.59% - 19.79%	2022	398		444
Short-term debt and current maturities of long-term debt			$	1,167	$	1,276
Long-term debt, net of current maturities
AUD term loan	0.94% - 0.96%	2022	—		489
GBP term loan	0.88% - 1.46%	2022	—		556
EUR term loan	0.65%	2022 - 2023	—		822
EUR term loan	0.80%(2)	2023 - 2024	469		821
USD term loan	1.40% - 2.24%	2025	—		480
$274 million Senior notes	4.45%	2023	154		276
$171 million Senior notes	4.45%	2023	165		172
$500 million Senior notes	4.25%	2025	504		505
$500 million Senior notes	4.13%	2026	496		—
£250 million Senior notes	2.75%	2025	343		307
€650 million Senior notes	1.75%	2026	760		709
$500 million Senior notes	4.75%	2028	506		507
$234 million Senior notes	7.45%	2030	268		271
Revolving credit facility	1.26% - 2.08%	2024 - 2025	—		1,500
Lease credit facility	1.15% - 1.99%	2022 - 2023	—		11
Finance lease liabilities	0.59% - 19.79%	2022 - 2027	894		1,046
Borrowings for assets acquired under long-term financing	0.00% - 6.39%	2022 - 2027	672		802
Mandatorily redeemable preferred stock outstanding	6.00%	2023	63		62
Other borrowings	Various	2022 - 2023	5		70
Long-term debt			5,299		9,406
Less: current maturities			954		734
Long-term debt, net of current maturities			$	4,345	$	8,672

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(1)At DXC's option, DXC can borrow up to a maximum of €1 billion or its equivalent in €, £, and $.

(2) 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.

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, 2021, are as follows:

Fiscal Year	(in millions)
2022	$	555
2023	304
2024	615
2025	898
2026	1,278
Thereafter	756
Total	$	4,406