Debt (Tables)

9 Months Ended

Dec. 31, 2021

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


(in millions)	Interest Rates	Fiscal Year Maturities	December 31, 2021		March 31, 2021
Short-term debt and current maturities of long-term debt
Commercial paper(1)	(0.38)% - (0.15)%	2022 - 2023	$	222	$	213
Current maturities of long-term debt	Various	2022 - 2023	180		556
Current maturities of finance lease liabilities	0.25% - 12.60%	2022 - 2023	304		398
Short-term debt and current maturities of long-term debt			$	706	$	1,167

Long-term debt, net of current maturities
€750 million Senior notes	0.45%	2028	$	847	$	—
€600 million Senior notes	0.95%	2032	676		—
$700 million Senior notes	1.80%	2027	694		—
$650 million Senior notes	2.375%	2029	644		—
EUR term loan	0.80%	2023 - 2024	—		469
$274 million Senior notes	4.45%	2023	—		154
$171 million Senior notes	4.45%	2023	—		165
$500 million Senior notes	4.25%	2025	—		504
$500 million Senior notes	4.125%	2026	—		496
£250 million Senior notes	2.75%	2025	—		343
€650 million Senior notes	1.75%	2026	736		760
$500 million Senior notes	4.75%	2028	—		506
$234 million Senior notes	7.45%	2030	—		268


Finance lease liabilities	0.25% - 12.60%	2022 - 2027	671		894
Borrowings for assets acquired under long-term financing	0.00% - 6.78%	2022 - 2027	385		672
Mandatorily redeemable preferred stock outstanding	6.00%	2023	63		63
Other borrowings	Various	2022 - 2023	4		5
Long-term debt			4,720		5,299
Less: current maturities			484		954
Long-term debt, net of current maturities			$	4,236	$	4,345

(1)At DXC’s option, DXC can borrow up to a maximum of €1 billion.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details