Earnings Per Share

9 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share (“EPS”) is computed using the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the incremental shares issuable upon the assumed exercise of stock options and equity awards. The following table reflects the calculation of basic and diluted EPS:

	Three Months Ended				Nine Months Ended
(in millions, except per-share amounts)	December 31, 2021		December 31, 2020		December 31, 2021		December 31, 2020
Net income attributable to DXC common shareholders:	$	98	$	1,098	$	188	$	649
Common share information:
Weighted average common shares outstanding for basic EPS	250.27		254.32		252.44		254.03
Dilutive effect of stock options and equity awards	4.55		1.43		5.15		1.17
Weighted average common shares outstanding for diluted EPS	254.82		255.75		257.59		255.20
Earnings per share:
Basic	$	0.39	$	4.32	$	0.74	$	2.55
Diluted	$	0.38	$	4.29	$	0.73	$	2.54

Certain share-based equity awards were excluded from the computation of dilutive EPS because inclusion of these awards would have had an anti-dilutive effect. The number of awards excluded were as follows:

	Three Months Ended		Nine Months Ended
	December 31, 2021	December 31, 2020	December 31, 2021	December 31, 2020
Stock Options	507,424	1,519,611	518,052	1,582,568
Restricted Stock Units	112,314	1,418,752	204,459	1,628,968
Performance Stock Units	1,937,752	836,866	1,089,869	723,754