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Revenue
6 Months Ended
Sep. 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 EndedSix Months Ended
(in millions)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
United States$1,093 $1,193 $2,224 $2,402 
United Kingdom452 569 925 1,171 
Other Europe1,064 1,254 2,202 2,559 
Australia371 395 762 796 
Other International586 616 1,160 1,240 
Total Revenues$3,566 $4,027 $7,273 $8,168 

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 September 30, 2022, approximately $19 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 24% 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)September 30, 2022March 31, 2022
Trade receivables, net $2,369 $2,694 
Contract assets $355 $371 
Contract liabilities$1,656 $1,915 

Changes in contract liabilities were as follows:
Six Months Ended
(in millions)September 30, 2022September 30, 2021
Balance, beginning of period$1,915 $1,701 
Deferred revenue 1,075 1,398 
Recognition of deferred revenue(1,145)(1,334)
Currency translation adjustment(168)(21)
Other(21)(36)
Balance, end of period$1,656 $1,708