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Debt (Tables) | 3 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The following is a summary of the Company’s debt:
| (in millions) |  | Interest Rates |  | Fiscal Year Maturities |  | June 30, 2022(1) |  | March 31, 2022(1)
| Short-term debt and current maturities of long-term debt |  |  |  |  |  |  |  |
| Commercial paper(2) |  | (0.40)% - (0.08)% |  | 2023 |  | $ | 392 |  |  | $ | 362 |
| Current maturities of long-term debt |  | Various |  | 2023 - 2024 |  | 245 |  |  | 249 |
| Current maturities of finance lease liabilities |  | 0.23% - 13.84% |  | 2023 - 2024 |  | 267 |  |  | 289 |
| Short-term debt and current maturities of long-term debt |  |  |  |  |  | $ | 904 |  |  | $ | 900 |
| Long-term debt, net of current maturities |  |  |  |  |  |  |  |
| €650 million Senior notes |  | 1.75% |  | 2026 |  | 677 |  |  | 720 |
| $700 million Senior notes |  | 1.80% |  | 2027 |  | 695 |  |  | 694 |
| €750 million Senior notes |  | 0.45% |  | 2028 |  | 779 |  |  | 828 |
| $650 million Senior notes |  | 2.375% |  | 2029 |  | 645 |  |  | 644 |
| €600 million Senior notes |  | 0.95% |  | 2032 |  | 621 |  |  | 661 |
| Finance lease liabilities |  | 0.23% - 13.84% |  | 2023 - 2027 |  | 588 |  |  | 643 |
| Borrowings for assets acquired under long-term financing |  | 0.00% - 6.78% |  | 2023 - 2027 |  | 313 |  |  | 344 |
| Mandatorily redeemable preferred stock outstanding |  | 6.00% |  | 2023 |  | 63 |  |  | 63 |
| Other borrowings |  | Various |  | 2023 - 2024 |  | 5 |  |  | 6 |
| Long-term debt |  |  |  |  |  | 4,386 |  |  | 4,603 |
| Less: current maturities |  |  |  |  |  | 512 |  |  | 538 |
| Long-term debt, net of current maturities |  |  |  |  |  | $ | 3,874 |  |  | $ | 4,065 |
(1)The carrying amounts of the senior notes as of June 30, 2022 and March 31, 2022, include the remaining principal outstanding of $3,442 million and $3,575 million, respectively, net of total unamortized debt (discounts) and premiums, and deferred debt issuance costs of $(25) million and $(28) million respectively. (2)At DXC’s option, DXC can borrow up to a maximum of €1 billion or its equivalent in €, £, and $.

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