Leases (Tables)

6 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of Lease Expense and Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows:

(in millions)	Six Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows from operating leases	$	27
Operating cash flows from finance leases	9
Financing cash flows from finance leases	77

The components of lease expense were as follows:

(in millions)	Statement of Operations Line Item(s)	Three Months Ended September 30, 2019			Six Months Ended September 30, 2019
Finance lease expense
Amortization of leased assets	Depreciation and amortization	$	29		$	65
Interest on lease obligations	Interest expense, net	5			10
Total finance lease expense		34			75
Operating lease expense	Cost of services and selling, general and administrative	16			30
Variable lease expense	Cost of services and selling, general and administrative	2			4
Sublease income	Cost of services and selling, general and administrative	(1		)	(2		)
Total lease expense, net		$	51		$	107

Supplemental Balance Sheet Information and Weighted Average Remaining Lease Terms and Discount Rates

The weighted average remaining lease terms and discount rates were as follows:

	September 30, 2019
Weighted average remaining lease term (in years):
Finance leases	2.8
Operating leases	4.2
Weighted average discount rate:
Finance leases	6.57	%
Operating leases	4.71	%

Supplemental balance sheet information related to leases was as follows:

(in millions)	Balance Sheet Line Item	September 30, 2019
Assets
Finance lease assets	Property and equipment, net of accumulated depreciation of $120	$	260
Operating lease assets	Other assets	92
Total lease assets		$	352
Liabilities
Current
Finance leases	Current finance lease obligations	$	119
Operating leases	Current operating lease obligations	40
Non-current
Finance leases	Non-current finance lease obligations	164
Operating leases	Other long-term liabilities	70
Total lease liabilities		$	393

Future Minimum Lease Payments Required to be Made, Operating Leases

As of September 30, 2019, future minimum lease payments required to be made under leases were as follows:

Fiscal Year (in millions)	Operating Leases			Finance Leases
Remainder of fiscal year 2020	$	23		$	77
2021	35			107
2022	22			76
2023	17			37
2024	8			11
Thereafter	17			1
Total minimum lease payments	122			309
Less: Amount representing interest	(12		)	(26		)
Present value of net minimum lease payments	$	110		$	283

Future Minimum Lease Payments Required to be Made, Finance Leases

As of September 30, 2019, future minimum lease payments required to be made under leases were as follows:

Fiscal Year (in millions)	Operating Leases			Finance Leases
Remainder of fiscal year 2020	$	23		$	77
2021	35			107
2022	22			76
2023	17			37
2024	8			11
Thereafter	17			1
Total minimum lease payments	122			309
Less: Amount representing interest	(12		)	(26		)
Present value of net minimum lease payments	$	110		$	283