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Stockholders' Equity | 12 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Stockholders' Equity | Stockholders' Equity Description of Capital Stock The Company has authorized share capital consisting of 750,000,000 shares of common stock, par value $0.01 per share, and 1,000,000 shares of preferred stock, par value $0.01 per share. Each share of common stock is equal in all respects to every other share of common stock of the Company. Each share of common stock is entitled to one vote per share at each annual or special meeting of stockholders for the election of directors and upon any other matter coming before such meeting. Subject to all the rights of the preferred stock, dividends may be paid to holders of common stock as and when declared by the Board of Directors (the "Board"). The Company's charter requires that preferred stock must be all of one class but may be issued from time to time in one or more series, each of such series to have such full or limited voting powers, if any, and such designations, preferences and relative, participating, optional or other special rights or qualifications, limitations or restrictions as provided in a resolution adopted by the Board. Each share of preferred stock will rank on a parity with each other share of preferred stock, regardless of series, with respect to the payment of dividends at the respectively designated rates and with respect to the distribution of capital assets according to the amounts to which the shares of the respective series are entitled. Share Repurchase Program On April 3, 2017, DXC announced the establishment of a share repurchase program approved by the Board with an initial authorization of $2.0 billion for future repurchases of outstanding shares of DXC common stock. On November 8, 2018, DXC announced that its Board approved an incremental $2.0 billion share repurchase authorization. During fiscal 2024, DXC completed the remaining share repurchases under the above authorizations. On May 18, 2023, DXC announced that its Board approved an incremental $1.0 billion share repurchase authorization. Share repurchases may be made from time to time through various means, including in open market purchases, 10b5-1 plans, privately-negotiated transactions, accelerated stock repurchases, block trades and other transactions, in compliance with Rule 10b-18 under the Exchange Act of 1934, as amended, as well as, to the extent applicable, other federal and state securities laws and other legal requirements. The timing, volume, and nature of share repurchases pursuant to the share repurchase plan are at the discretion of management and may be suspended or discontinued at any time. As of March 31, 2025, approximately $592 million worth of shares remained available for repurchase under the plans or programs. There were no share repurchases during fiscal 2025. During the third quarter of fiscal 2025, the Company made a $12 million payment for the excise tax associated with prior year share repurchases in compliance with the Inflation Reduction Act. The shares repurchased are retired immediately and included in the category of authorized but unissued shares. The excess of purchase price over par value of the common shares is allocated between additional paid-in capital and retained earnings. The details of shares repurchased during fiscal 2024 and 2023 are shown below:
Fiscal Year |  | Number of shares repurchased |  | Average Price Per Share |  | Amount (In millions)
2024 |  |  |  |  |  |
Open market purchases |  | 38,444,830 |  |  | $22.98 |  | $ | 883 |
2024 Total |  | 38,444,830 |  |  | $22.98 |  | $ | 883 |
2023 |  |  |  |  |  |
Open market purchases |  | 24,436,738 |  |  | $27.78 |  | $ | 679 |
2023 Total |  | 24,436,738 |  |  | $27.78 |  | $ | 679 |
Treasury Stock Transactions In fiscal 2025, 2024 and 2023, the Company accepted 1,062,326, 1,257,748 and 455,513 shares of its common stock, respectively, in lieu of cash in connection with the tax withholdings associated with the release of common stock upon vesting of restricted stock and RSUs. As a result, the Company holds 5,653,666 treasury shares as of March 31, 2025. Dividends The Board suspended the Company’s cash dividend payment beginning in the first quarter of fiscal 2021 to preserve cash and enhance financial flexibility in the current environment. As of March 31, 2025, the Company does not intend to reinstate its quarterly cash dividends. Accumulated Other Comprehensive Loss The following table shows the changes in accumulated other comprehensive loss, net of taxes:
(in millions) |  | Foreign Currency Translation Adjustments |  | Cash Flow Hedges |  |  |  | Pension and Other Post-retirement Benefit Plans |  | Accumulated Other Comprehensive Loss
Balance at March 31, 2022 |  | $ | (651) |  |  | $ | 10 |  |  |  |  | $ | 256 |  |  | $ | (385) |
Current-period other comprehensive (loss) income |  | (334) |  |  | (6) |  |  |  |  | — |  |  | (340) |
Amounts reclassified from accumulated other comprehensive (loss) income, net of taxes |  | — |  |  | (11) |  |  |  |  | (38) |  |  | (49) |
Balance at March 31, 2023 |  | $ | (985) |  |  | $ | (7) |  |  |  |  | $ | 218 |  |  | $ | (774) |
Current-period other comprehensive (loss) income |  | 46 |  |  | — |  |  |  |  | — |  |  | 46 |
Amounts reclassified from accumulated other comprehensive loss, net of taxes |  | — |  |  | 7 |  |  |  |  | (11) |  |  | (4) |
Balance at March 31, 2024 |  | $ | (939) |  |  | $ | — |  |  |  |  | $ | 207 |  |  | $ | (732) |
Current-period other comprehensive (loss) income |  | (9) |  |  | (10) |  |  |  |  | — |  |  | (19) |
Amounts reclassified from accumulated other comprehensive loss, net of taxes |  | — |  |  | 3 |  |  |  |  | (14) |  |  | (11) |
Balance at March 31, 2025 |  | $ | (948) |  |  | $ | (7) |  |  |  |  | $ | 193 |  |  | $ | (762) |

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