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Overview and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Property and Equipment
The estimated useful lives of the Company’s property and equipment are as follows:
Property and Equipment
 
Estimated Useful Lives
Buildings
 
Up to 40 years
Computers and related equipment
 
4 to 5 years
Furniture and other equipment
 
2 to 15 years
Land
 
Not a depreciable asset
Leasehold improvements
 
Shorter of lease term or useful life
Property and equipment, net consisted of the following:
(in millions)
 
March 31, 2020
 
March 31, 2019
Land, buildings and leasehold improvements
 
$
32

 
$
58

Computers and related equipment
 
412

 
409

Furniture and other equipment
 
56

 
49

Total property and equipment, gross
 
500

 
516

Less: accumulated depreciation and amortization
 
(193
)
 
(148
)
Property and equipment, net
 
$
307

 
$
368


 
 
 
 
 
Depreciation expense was as follows:
 
 
Fiscal Years Ended
(in millions)
 
March 31, 2020
 
March 31, 2019
 
March 31, 2018
Depreciation expense for owned property and equipment
 
$
23

 
$
9

 
$
12

Amortization expense for property and equipment under finance lease
 
122

 
117

 
57

Total depreciation and amortization expense for property and equipment
 
$
145

 
$
126

 
$
69

Schedule of Finite-Lived Intangible Assets
The estimated useful lives for finite-lived intangible assets are shown below:
Intangible Assets
 
Estimated Useful Lives
Acquired backlog
 
1 year
Software
 
2 to 10 years
Developed technology
 
6 to 7 years
Program assets
 
4 to 14 years
Outsourcing contract costs
 
Contract life, excluding option years
Intangible assets were as follows:
 
 
March 31, 2020
 
March 31, 2019
(in millions)
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Program assets
 
$
1,458

 
$
(367
)
 
$
1,091

 
$
1,525

 
$
(194
)
 
$
1,331

Software
 
73

 
(62
)
 
11

 
87

 
(58
)
 
29

Developed technology
 
123

 
(48
)
 
75

 
105

 
(22
)
 
83

Backlog
 
28

 
(26
)
 
2

 
22

 
(18
)
 
4

Outsourcing contract costs
 
26

 
(12
)
 
14

 
25

 
(7
)
 
18

Favorable leases
 

 

 

 
1

 

 
1

Total intangible assets
 
$
1,708

 
$
(515
)
 
$
1,193

 
$
1,765

 
$
(299
)
 
$
1,466