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Revenue
6 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
Revenue

Disaggregated Revenue

Revenue by contract type was as follows:
 
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
(in millions)
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
Cost-reimbursable
 
$
267

 
$
25

 
$
292

 
$
231

 
$
20

 
$
251

Fixed-price
 
411

 
251

 
662

 
367

 
240

 
607

Time-and-materials
 
99

 
119

 
218

 
104

 
106

 
210

Total
 
$
777

 
$
395

 
$
1,172

 
$
702

 
$
366

 
$
1,068

 
 
Six Months Ended September 30, 2019
 
Six Months Ended September 30, 2018
(in millions)
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
Cost-reimbursable
 
$
535

 
$
51

 
$
586

 
$
340

 
$
41

 
$
381

Fixed-price
 
783

 
465

 
1,248

 
612

 
470

 
1,082

Time-and-materials
 
211

 
234

 
445

 
187

 
211

 
398

Total
 
$
1,529

 
$
750

 
$
2,279

 
$
1,139

 
$
722

 
$
1,861


Revenue by prime or subcontractor was as follows:
 
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
(in millions)
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
Prime contractor
 
$
733

 
$
372

 
$
1,105

 
$
660

 
$
315

 
$
975

Subcontractor
 
44

 
23

 
67

 
42

 
51

 
93

Total
 
$
777

 
$
395

 
$
1,172

 
$
702

 
$
366

 
$
1,068

 
 
Six Months Ended September 30, 2019
 
Six Months Ended September 30, 2018
(in millions)
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
Prime contractor
 
$
1,441

 
$
695

 
$
2,136

 
$
1,077

 
$
650

 
$
1,727

Subcontractor
 
88

 
55

 
143

 
62

 
72

 
134

Total
 
$
1,529

 
$
750

 
$
2,279

 
$
1,139

 
$
722

 
$
1,861


Revenue by customer type was as follows:
 
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
(in millions)
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
U.S. federal government, including independent agencies
 
$
773

 
$
322

 
$
1,095

 
$
700

 
$
298

 
$
998

Non-federal (state, local and other)
 
4

 
73

 
77

 
2

 
68

 
70

Total
 
$
777

 
$
395

 
$
1,172

 
$
702

 
$
366

 
$
1,068


 
 
Six Months Ended September 30, 2019
 
Six Months Ended September 30, 2018
(in millions)
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
 
Defense and
Intelligence
 
Civilian and
Health Care
 
Total
U.S. federal government, including independent agencies
 
$
1,521

 
$
614

 
$
2,135

 
$
1,136

 
$
591

 
$
1,727

Non-federal (state, local and other)
 
8

 
136

 
144

 
3

 
131

 
134

Total
 
$
1,529

 
$
750

 
$
2,279

 
$
1,139

 
$
722

 
$
1,861



Performance Obligations

As of September 30, 2019, approximately $4.14 billion of revenue is expected to be recognized from remaining unsatisfied performance obligations on executed contracts. The Company expects to recognize approximately 74% of these remaining performance obligations as revenue within 12 months and approximately 85% within 24 months, with the remainder recognized thereafter.

Contract Balances

Contract assets and contract liabilities were as follows:
(in millions)
 
Balance Sheets Line Item
 
September 30, 2019
 
March 31, 2019
Contract assets:
 
 
 
 
 
 
Unbilled receivables
 
Receivables, net of allowance for doubtful accounts
 
$
310

 
$
301

Contract liabilities:
 
 
 
 
 
 
Current portion of deferred revenue and advance contract payments
 
Other current liabilities
 
$
26

 
$
33

Non-current portion of deferred revenue and advance contract payments
 
Other long-term liabilities
 
6

 
12



Contract assets increased $9 million during the six months ended September 30, 2019, primarily due to the acquisition of Knight Point. There were no significant impairment losses related to the Company’s contract assets during the six months ended September 30, 2019 or 2018.

Contract liabilities decreased $13 million during the six months ended September 30, 2019, primarily due to revenue recognized in excess of payments received. During the three and six months ended September 30, 2019, the Company recognized $5 million and $29 million, respectively, of the deferred revenue and advance contract payments at March 31, 2019 as revenue. During the three and six months ended September 30, 2018, the Company recognized $12 million and $22 million, respectively, of the deferred revenue and advance contract payments at April 1, 2018 as revenue.