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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,209 $ 2,672
Receivables and contract assets, net of allowance of $46 and $55 3,693 3,854
Prepaid expenses 666 617
Other current assets 270 268
Assets held for sale 10 35
Total current assets 6,848 7,446
Intangible assets, net of accumulated amortization of $5,186 and $5,124 3,117 3,378
Operating right-of-use assets, net 1,025 1,133
Goodwill 582 617
Deferred income taxes, net 210 221
Property and equipment, net of accumulated depreciation of $3,917 and $3,998 2,212 2,412
Other assets 4,602 4,850
Assets held for sale - non-current 51 82
Total Assets 18,647 20,139
Current liabilities:    
Short-term debt and current maturities of long-term debt 904 900
Accounts payable 795 840
Accrued payroll and related costs 610 570
Current operating lease liabilities 346 388
Accrued expenses and other current liabilities 2,479 2,882
Deferred revenue and advance contract payments 938 1,053
Income taxes payable 181 197
Liabilities related to assets held for sale 4 23
Total current liabilities 6,257 6,853
Long-term debt, net of current maturities 3,874 4,065
Non-current deferred revenue 806 862
Non-current operating lease liabilities 742 815
Non-current income tax liabilities and deferred tax liabilities 919 994
Other long-term liabilities 1,000 1,136
Liabilities related to assets held for sale - non-current 0 39
Total Liabilities 13,598 14,764
Commitments and contingencies
DXC stockholders’ equity:    
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued as of June 30, 2022 and March 31, 2022 0 0
Common stock, par value $0.01 per share; authorized 750,000,000 shares; issued 232,994,878 as of June 30, 2022 and 240,508,348 as of March 31, 2022 2 3
Additional paid-in capital 9,708 10,057
Accumulated deficit (4,239) (4,450)
Accumulated other comprehensive loss (563) (385)
Treasury stock, at cost, 3,160,188 and 2,878,079 shares as of June 30, 2022 and March 31, 2022 (183) (173)
Total DXC stockholders’ equity 4,725 5,052
Non-controlling interest in subsidiaries 324 323
Total Equity 5,049 5,375
Total Liabilities and Equity $ 18,647 $ 20,139