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Revenue | 3 Months Ended
--- | ---
Jun. 30, 2022
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 Ended |  |
(in millions) |  | June 30, 2022 |  | June 30, 2021 |  |  |  |
United States |  | $ | 1,131 |  |  | $ | 1,209 |  |  |  |  |
United Kingdom |  | 473 |  |  | 602 |  |  |  |  |
Other Europe |  | 1,138 |  |  | 1,305 |  |  |  |  |
Australia |  | 391 |  |  | 401 |  |  |  |  |
Other International |  | 574 |  |  | 624 |  |  |  |  |
Total Revenues |  | $ | 3,707 |  |  | $ | 4,141 |  |  |  |  |
The revenue by geography pertains to both of the Company’s reportable segments. Refer to Note 18 – “Segment Information” for the Company’s segment disclosures. Remaining Performance Obligations As of June 30, 2022, approximately $20 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 32% of these remaining performance obligations in fiscal 2023, 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) |  | Balance Sheet Line Item |  | June 30, 2022 |  | March 31, 2022
Trade receivables, net |  | Receivables and contract assets, net of allowance for doubtful accounts |  | $ | 2,484 |  |  | $ | 2,694 |
Contract assets |  | Receivables and contract assets, net of allowance for doubtful accounts |  | $ | 368 |  |  | $ | 371 |
Contract liabilities |  | Deferred revenue and advance contract payments and Non-current deferred revenue |  | $ | 1,744 |  |  | $ | 1,915 |
Change in contract liabilities were as follows:
|  | Three Months Ended
(in millions) |  | June 30, 2022 |  | June 30, 2021
Balance, beginning of period |  | $ | 1,915 |  |  | $ | 1,701 |
Deferred revenue |  | 612 |  |  | 609 |
Recognition of deferred revenue |  | (684) |  |  | (668) |
Currency translation adjustment |  | (87) |  |  | 6 |
Other |  | (12) |  |  | (18) |
Balance, end of period |  | $ | 1,744 |  |  | $ | 1,630 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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