Revenue

3 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Revenue Recognition

The following table presents DXC’s revenues disaggregated by geography, based on the location of incorporation of the DXC entity providing the related goods or services:

	Three Months Ended
(in millions)	June 30, 2022		June 30, 2021
United States	$	1,131	$	1,209
United Kingdom	473		602
Other Europe	1,138		1,305
Australia	391		401
Other International	574		624
Total Revenues	$	3,707	$	4,141

The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 18 – “Segment Information” for the Company’s segment disclosures.

Remaining Performance Obligations

As of June 30, 2022, approximately $20 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 32% of these remaining performance obligations in fiscal 2023, with the remainder of the balance recognized thereafter.

Contract Balances

The following table provides information about the balances of the Company’s trade receivables and contract assets and contract liabilities:

		As of
(in millions)	Balance Sheet Line Item	June 30, 2022		March 31, 2022
Trade receivables, net	Receivables and contract assets, net of allowance for doubtful accounts	$	2,484	$	2,694
Contract assets	Receivables and contract assets, net of allowance for doubtful accounts	$	368	$	371
Contract liabilities	Deferred revenue and advance contract payments and Non-current deferred revenue	$	1,744	$	1,915

Change in contract liabilities were as follows:

	Three Months Ended
(in millions)	June 30, 2022		June 30, 2021
Balance, beginning of period	$	1,915	$	1,701
Deferred revenue	612		609
Recognition of deferred revenue	(684)		(668)
Currency translation adjustment	(87)		6
Other	(12)		(18)
Balance, end of period	$	1,744	$	1,630