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Supplementary Data - Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
 
 
Fiscal Year Ended March 31, 2019
(in millions)
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Revenue
 
$
793

 
$
1,068

 
$
1,075

 
$
1,094

 
 
 
 
 
 
 
 
 
Costs of services
 
597

 
813

 
816

 
817

Selling, general and administrative
 
61

 
89

 
76

 
74

Depreciation and amortization
 
64

 
74

 
76

 
116

Restructuring costs
 

 
2

 
1

 
7

Separation and integration-related costs
 
44

 
21

 
19

 
22

Interest expense, net
 
10

 
37

 
37

 
37

Other (income) expense, net
 
(24
)
 
(4
)
 
2

 
34

Total costs and expenses
 
752

 
1,032

 
1,027

 
1,107

Income (loss) before taxes
 
41

 
36

 
48

 
(13
)
Income tax expense
 
12

 
12

 
10

 
6

Net income (loss)
 
$
29

 
$
24

 
$
38

 
$
(19
)
Earnings (loss) per common share(1):
 
 
 
 
 
 
 
 
  Basic
 
$
0.18

 
$
0.15

 
$
0.23

 
$
(0.12
)
  Diluted
 
$
0.17

 
$
0.14

 
$
0.23

 
$
(0.12
)
Cash dividends per common share
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05

 
 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended March 31, 2018
(in millions)
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Revenue
 
$
676

 
$
706

 
$
722

 
$
715

 
 
 
 
 
 
 
 
 
Costs of services
 
525

 
557

 
550

 
523

Selling, general and administrative
 
46

 
35

 
51

 
50

Depreciation and amortization
 
37

 
33

 
46

 
51

Restructuring costs
 
3

 
4

 
3

 
4

Separation and integration-related costs
 
11

 
6

 
27

 
46

Interest expense, net
 
2

 
5

 

 
5

Total costs and expenses
 
624

 
640

 
677

 
679

Income before taxes
 
52

 
66

 
45

 
36

Income tax expense (benefit)
 
20

 
26

 
(59
)
 
4

Net income
 
$
32

 
$
40

 
$
104

 
$
32

Earnings per common share(1)(2):
 
 
 
 
 
 
 
 
  Basic
 
$
0.22

 
$
0.28

 
$
0.73

 
$
0.22

  Diluted
 
$
0.22

 
$
0.28

 
$
0.73

 
$
0.22

Cash dividends per common share(2)
 
$

 
$

 
$

 
$

(1) Earnings per common share are computed independently for each of the quarters presented and therefore may not sum to the totals for fiscal years 2019 and 2018 included on our statement of operations.
(2) Earnings per common share information for the quarters during the fiscal year ended March 31, 2018 is computed using the 142.43 million shares of Perspecta common stock resulting from the Distribution as Perspecta did not operate as a stand-alone entity during the period, and therefore, no Perspecta common stock, stock options or other equity awards were outstanding and no dividends were declared or paid by Perspecta.