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Revenue
6 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue Recognition

The following table presents DXC’s revenues disaggregated by geography, based on the location of incorporation of the DXC entity providing the related goods or services:
Three Months EndedSix Months Ended
(in millions)September 30, 2021September 30, 2020September 30, 2021September 30, 2020
United States$1,193 $1,666 $2,402 $3,375 
United Kingdom569 579 1,171 1,152 
Other Europe1,254 1,244 2,559 2,449 
Australia395 390 796 751 
Other International616 675 1,240 1,329 
Total Revenues$4,027 $4,554 $8,168 $9,056 

The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 20 – “Segment Information” for the Company’s segment disclosures.
Remaining Performance Obligations

Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidations, adjustments for revenue that have not materialized and adjustments for currency. As of September 30, 2021, approximately $22 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 25% of these remaining performance obligations in fiscal 2022, with the remainder of the balance recognized thereafter.

Contract Balances

The following table provides information about the balances of the Company’s trade receivables and contract assets and contract liabilities:
As of
(in millions)September 30, 2021March 31, 2021
Trade receivables, net $2,661 $2,871 
Contract assets $392 $351 
Contract liabilities$1,708 $1,701 

Change in contract liabilities were as follows:
Six Months Ended
(in millions)September 30, 2021September 30, 2020
Balance, beginning of period$1,701 $1,756 
Deferred revenue 1,398 1,355 
Recognition of deferred revenue(1,334)(1,432)
Currency translation adjustment(21)80 
Other(36)(88)
Balance, end of period$1,708 $1,671