Debt (Tables)

12 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s outstanding debt as of March 31, 2020 and 2019 consisted of the following:

(in millions)	Interest Rates	Maturities	March 31, 2020			March 31, 2019
Revolving Credit Facility	LIBOR + 1.50%	August 2024	$	50		$	—
Term Loan A Facilities (Tranche 1)	LIBOR + 1.375%	August 2022	200			246
Term Loan A Facilities (Tranche 2)	LIBOR + 1.50%	August 2024	1,552			1,588
Term Loan B Facility	LIBOR + 2.25%	May 2025	491			497
Subtotal senior secured credit facilities			2,293			2,331
Other secured borrowings	Various	Various	12			—
Total secured debt			2,305			2,331
Other unsecured borrowings	Various	Various	18			—
Senior unsecured EDS Notes	7.45%	October 2029	66			66
Total debt			2,389			2,397
Less: current maturities of long-term debt, net (1)			(89		)	(80		)
Less: unamortized debt issuance costs and premiums, net (2)			(17		)	(20		)
Total long-term debt, net of current maturities			$	2,283		$	2,297

⁽¹⁾ Current maturities of long-term debt are presented net of $6 million and $8 million of debt issuance costs as of March 31, 2020 and 2019, respectively, associated with the Term Loan A Facilities and Term Loan B Facility.

⁽²⁾ Includes $11 million and $12 million of unamortized premiums as of March 31, 2020 and 2019, respectively, on the assumed Electronic Data Systems Corporation (“EDS”) Notes.

Schedule of Long Term Debt Expected Maturities

Expected maturities of long-term debt as of March 31, 2020 are as follows:

Fiscal Year	(in millions)
2021	$	97
2022	95
2023	293
2024	92
2025	1,279
Thereafter	533
Total	$	2,389