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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Total DXC Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Treasury Stock
Non- Controlling Interest
Beginning balance (in shares) at Mar. 31, 2022     240,508          
Beginning balance at Mar. 31, 2022 $ 5,375 $ 5,052 $ 3 $ 10,057 $ (4,450) $ (385) $ (173) $ 323
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 103 102     102     1
Other comprehensive income (178) (178)       (178)  
Share-based compensation expense 24 24   24        
Acquisition of treasury stock (10) (10)         (10)  
Share repurchase program (in shares)     (8,851)          
Share repurchase program (266) (266) $ (1) (374) 109      
Stock option exercises and other common stock transactions (in shares)     1,338          
Stock option exercises and other common stock transactions 1 1   1        
Ending balance (in shares) at Jun. 30, 2022     232,995          
Ending balance at Jun. 30, 2022 5,049 4,725 $ 2 9,708 (4,239) (563) (183) 324
Beginning balance (in shares) at Mar. 31, 2023     218,058          
Beginning balance at Mar. 31, 2023 3,820 3,497 $ 2 9,121 (4,665) (774) (187) [1] 323
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 42 36     36     6
Other comprehensive income 35 35       35  
Share-based compensation expense 22 22   22        
Acquisition of treasury stock (30) (30)         (30) [1]  
Share repurchase program (in shares) [2]     (10,976)          
Share repurchase program [2] (282) (282)   (466) 184      
Stock option exercises and other common stock transactions (in shares)     3,502          
Stock option exercises and other common stock transactions 0 0            
Non-controlling interest distributions and other (4) 0           (4)
Ending balance (in shares) at Jun. 30, 2023     210,584          
Ending balance at Jun. 30, 2023 $ 3,603 $ 3,278 $ 2 $ 8,677 $ (4,445) $ (739) $ (217) [1] $ 325
[1] 4,507,506 treasury shares as of June 30, 2023.
[2] On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (the "IRA") into law. The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022. We reflect the excise tax within equity as part of the repurchase of the common stock.