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Segment Information | 6 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information DXC has a matrix form of organization and is managed in several different and overlapping groupings including services, industries and geographic regions. As a result, and in accordance with accounting standards, operating segments are organized by the type of services provided. DXC’s chief operating decision maker (“CODM”), the chief executive officer, obtains, reviews, and manages the Company’s financial performance based on these segments. The CODM uses these results, in part, to evaluate the performance of, and allocate resources to, each of the segments. Global Business Services (“GBS”) GBS provides innovative technology solutions that help its customers address key business challenges and accelerate transformations tailored to each customer’s industry and specific objectives. GBS offerings include: •Analytics and Engineering. Our portfolio of analytics services and extensive partner ecosystem help customers gain rapid insights, automate operations, and accelerate their transformation journeys. We provide software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business. •Applications. We use advanced technologies and methods to accelerate the creation, modernization, delivery and maintenance of high-quality, secure applications allowing customers to innovate faster while reducing risk, time to market, and total cost of ownership, across industries. Our vertical-specific IP includes solutions for insurance, banking and capital markets, and automotive among others. •Business Process Services. Includes integration and optimization of front and back office processes, and agile process automation. This helps companies to reduce cost and minimize business disruption, human error, and operational risk while improving customer experiences. Global Infrastructure Services (“GIS”) GIS provides a portfolio of technology offerings that deliver predictable outcomes and measurable results while reducing business risk and operational costs for customers. GIS offerings include: •Cloud and Security. We help customers to rapidly modernize by adapting legacy apps to cloud, migrate the right workloads, and securely manage their multi-cloud environments. Our security solutions help predict attacks, proactively respond to threats, ensure compliance and protect data, applications and infrastructure. •IT Outsourcing (“ITO”). Our ITO services support infrastructure, applications, and workplace IT operations, including hardware, software, physical/virtual end-user devices, collaboration tools, and IT support services. We help customers securely optimize operations to ensure continuity of their systems and respond to new business and workplace demands while achieving cost takeout, all with limited resources, expertise, and budget. •Modern Workplace. Services to fit our customer’s employee, business and IT needs from intelligent collaboration, modern device management, digital support services, Internet of Things (“IoT”) and mobility services, providing a consumer-like, digital experience. Segment Measures The following table summarizes operating results regularly provided to the CODM by reportable segment and a reconciliation to the financial statements:
(in millions) |  | GBS |  | GIS |  |  |  | Total Reportable Segments |  | All Other |  | Totals
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,873 |  |  | $ | 2,154 |  |  |  |  | $ | 4,027 |  |  | $ | — |  |  | $ | 4,027 |
Segment profit |  | $ | 298 |  |  | $ | 118 |  |  |  |  | $ | 416 |  |  | $ | (70) |  |  | $ | 346 |
Depreciation and amortization(1) |  | $ | 51 |  |  | $ | 257 |  |  |  |  | $ | 308 |  |  | $ | 30 |  |  | $ | 338 |
Three Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,242 |  |  | $ | 2,312 |  |  |  |  | $ | 4,554 |  |  | $ | — |  |  | $ | 4,554 |
Segment profit |  | $ | 317 |  |  | $ | 36 |  |  |  |  | $ | 353 |  |  | $ | (70) |  |  | $ | 283 |
Depreciation and amortization(1) |  | $ | 59 |  |  | $ | 291 |  |  |  |  | $ | 350 |  |  | $ | 23 |  |  | $ | 373 |
(in millions) |  | GBS |  | GIS |  |  |  | Total Reportable Segments |  | All Other |  | Totals
Six Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 3,760 |  |  | $ | 4,408 |  |  |  |  | $ | 8,168 |  |  | $ | — |  |  | $ | 8,168 |
Segment profit |  | $ | 570 |  |  | $ | 249 |  |  |  |  | $ | 819 |  |  | $ | (141) |  |  | $ | 678 |
Depreciation and amortization(1) |  | $ | 91 |  |  | $ | 503 |  |  |  |  | $ | 594 |  |  | $ | 57 |  |  | $ | 651 |
Six Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 4,416 |  |  | $ | 4,640 |  |  |  |  | $ | 9,056 |  |  | $ | — |  |  | $ | 9,056 |
Segment profit |  | $ | 532 |  |  | $ | 59 |  |  |  |  | $ | 591 |  |  | $ | (118) |  |  | $ | 473 |
Depreciation and amortization(1) |  | $ | 109 |  |  | $ | 558 |  |  |  |  | $ | 667 |  |  | $ | 50 |  |  | $ | 717 |
(1) Depreciation and amortization as presented excludes amortization of acquired intangible assets of $110 million and $152 million for the three months ended September 30, 2021 and 2020, respectively, and $219 million and $300 million for the six months ended September 30, 2021 and 2020, respectively. Reconciliation of Reportable Segment Profit to Consolidated Total The Company’s management uses segment profit as the measure for assessing performance of its segments. Segment profit is defined as segment revenues less costs of services, segment selling, general and administrative, depreciation and amortization, and other income (excluding the movement in foreign currency exchange rates on DXC’s foreign currency denominated assets and liabilities and the related economic hedges). The Company does not allocate to its segments certain operating expenses managed at the corporate level. These unallocated costs include certain corporate function costs, stock-based compensation expense, pension and OPEB actuarial and settlement gains and losses, restructuring costs, transaction, separation and integration-related costs and amortization of acquired intangible assets.
|  | Three Months Ended |  | Six Months Ended
(in millions) |  | September 30, 2021 |  | September 30, 2020 |  | September 30, 2021 |  | September 30, 2020
Profit |  |  |  |  |  |  |  |
Total profit for reportable segments |  | $ | 416 |  |  | $ | 353 |  |  | 819 |  |  | $ | 591 |
All other loss |  | (70) |  |  | (70) |  |  | (141) |  |  | (118) |
Interest income |  | 16 |  |  | 25 |  |  | 36 |  |  | 48 |
Interest expense |  | (61) |  |  | (96) |  |  | (123) |  |  | (202) |
Restructuring costs |  | (145) |  |  | (265) |  |  | (212) |  |  | (337) |
Transaction, separation and integration-related costs |  | (3) |  |  | (101) |  |  | (12) |  |  | (211) |
Amortization of acquired intangible assets |  | (110) |  |  | (152) |  |  | (219) |  |  | (300) |
Gains and (losses) on dispositions |  | — |  |  | — |  |  | 347 |  |  | — |
Impairment losses |  | (10) |  |  | — |  |  | (10) |  |  | — |
Debt extinguishment costs |  | (281) |  |  | — |  |  | (309) |  |  | — |
Pension and OPEB actuarial and settlement losses |  | — |  |  | — |  |  | — |  |  | (2) |
(Loss) income before income taxes |  | $ | (248) |  |  | $ | (306) |  |  | $ | 176 |  |  | $ | (531) |
Management does not use total assets by segment to evaluate segment performance or allocate resources. As a result, assets are not tracked by segment and therefore, total assets by segment are not disclosed.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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