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Debt (Tables)
12 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s outstanding debt as of March 31, 2019 consisted of the following:
 
 
Interest Rates
 
Maturities
 
(in millions)
Revolving Credit Facility
 
LIBOR + 1.50%
 
May 2023
 
$

Term Loan A Facilities (Tranche 1)
 
LIBOR + 1.375%
 
May 2021
 
246

Term Loan A Facilities (Tranche 2)
 
LIBOR + 1.50%
 
May 2023
 
1,588

Term Loan B Facility
 
LIBOR + 2.25%
 
May 2025
 
497

Subtotal senior secured credit facilities
 

 
 
 
2,331

Senior unsecured EDS Notes
 
7.45%
 
October 2029
 
66

Total debt
 
 
 
 
 
2,397

Less: current maturities of long-term debt, net(1)
 
 
 
 
 
(80
)
Less: unamortized debt issuance costs and premiums(2)
 
 
 
 
 
(20
)
Total long-term debt, net of current maturities
 
 
 
 
 
$
2,297

(1) Current maturities of long-term debt are presented net of $8 million of debt issuance costs associated with the Term Loan A Facilities and Term Loan B Facility.
(2) Includes $12 million of unamortized premiums on the assumed Electronic Data Systems Corporation (“EDS”) Notes resulting from the application of fair value accounting associated with the merger of HPES of HPE and CSC to form DXC.
Schedule of Long Term Debt Expected Maturities
Expected maturities of long-term debt as of March 31, 2019 are as follows:
Fiscal Year
 
(in millions)
2020
 
$
88

2021
 
88

2022
 
334

2023
 
88

2024
 
1,263

Thereafter
 
536

Total
 
$
2,397