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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,260 $ 2,672
Receivables and contract assets, net of allowance of $42 and $55 3,467 3,854
Prepaid expenses 662 617
Other current assets 289 268
Assets held for sale 0 35
Total current assets 6,678 7,446
Intangible assets, net of accumulated amortization of $5,259 and $5,124 2,884 3,378
Operating right-of-use assets, net 927 1,133
Goodwill 562 617
Deferred income taxes, net 205 221
Property and equipment, net of accumulated depreciation of $3,866 and $3,998 2,039 2,412
Other assets 4,403 4,850
Assets held for sale - non-current 39 82
Total Assets 17,737 20,139
Current liabilities:    
Short-term debt and current maturities of long-term debt 834 900
Accounts payable 857 840
Accrued payroll and related costs 537 570
Current operating lease liabilities 318 388
Accrued expenses and other current liabilities 2,321 2,882
Deferred revenue and advance contract payments 867 1,053
Income taxes payable 131 197
Liabilities related to assets held for sale 0 23
Total current liabilities 5,865 6,853
Long-term debt, net of current maturities 3,695 4,065
Non-current deferred revenue 789 862
Non-current operating lease liabilities 667 815
Non-current income tax liabilities and deferred tax liabilities 819 994
Other long-term liabilities 966 1,136
Liabilities related to assets held for sale - non-current 0 39
Total Liabilities 12,801 14,764
Commitments and contingencies
DXC stockholders’ equity:    
Preferred stock, par value $0.01 per share, 1,000,000 shares authorized, none issued as of September 30, 2022 and March 31, 2022 0 0
Common stock, par value $0.01 per share, 750,000,000 shares authorized, 233,277,611 issued as of September 30, 2022 and 240,508,348 issued as of March 31, 2022 2 3
Additional paid-in capital 9,733 10,057
Accumulated deficit (4,211) (4,450)
Accumulated other comprehensive loss (724) (385)
Treasury stock, at cost, 3,237,519 and 2,878,079 shares as of September 30, 2022 and March 31, 2022 (185) (173)
Total DXC stockholders’ equity 4,615 5,052
Non-controlling interest in subsidiaries 321 323
Total Equity 4,936 5,375
Total Liabilities and Equity $ 17,737 $ 20,139