XML 68 R47.htm IDEA: XBRL DOCUMENT v3.25.1

Pension and Other Benefit Plans (Tables)

12 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plans Disclosures

Projected Benefit Obligations

						As of
(in millions)						March 31, 2025						March 31, 2024
Projected benefit obligation at beginning of year						$	6,915					$	6,937
Service cost						52						53
Interest cost						300						307
Plan participants’ contributions						7						21
Amendments						13						6
Business/contract acquisitions/divestitures						—						4
Settlement/curtailment						(23)						(268)
Actuarial (gain) loss						(908)						67
Benefits paid						(286)						(292)
Foreign currency exchange rate changes						91						98
Other						(17)						(18)
Projected benefit obligation at end of year						$	6,144					$	6,915

The following table summarizes the weighted average rates used in the determination of the Company’s benefit obligations:

						Fiscal Years Ended
						March 31, 2025						March 31, 2024
Discount rate						5.1		%				4.4		%
Rates of increase in compensation levels						2.2		%				2.4		%
Interest Crediting Rate						3.3		%				2.7		%

Fair Value of Plan Assets and Funded Status

						As of
(in millions)						March 31, 2025						March 31, 2024
Fair value of plan assets at beginning of year						$	7,318					$	7,636
Actual return on plan assets						(229)						67
Employer contribution						15						49
Plan participants’ contributions						7						21
Benefits paid						(286)						(292)
Contractual termination benefits						—						1
Plan settlement						(21)						(265)
Foreign currency exchange rate changes						108						118
Other						(17)						(17)
Fair value of plan assets at end of year						$	6,895					$	7,318
Funded status at end of year						$	751					$	403

Selected Information

						As of
(in millions)						March 31, 2025						March 31, 2024
Other assets						$	1,181					$	874
Accrued expenses and other current liabilities						(30)						(34)
Non-current pension obligations						(387)						(423)
Other long-term liabilities - OPEB						(13)						(14)
Net amount recorded						$	751					$	403
Accumulated benefit obligation						$	6,084					$	6,842

						Benefit Plans with Projected Benefit Obligation in Excess of Plan Assets												Benefit Plans with Accumulated Benefit Obligation in Excess of Plan Assets
(in millions)						March 31, 2025						March 31, 2024						March 31, 2025						March 31, 2024
Projected benefit obligation						$	1,048					$	1,113					$	741					$	777
Accumulated benefit obligation						$	994					$	1,047					$	708					$	744
Fair value of plan assets						$	617					$	646					$	324					$	327

Net Periodic Pension Cost

																								Fiscal Years Ended
(in millions)																								March 31, 2025						March 31, 2024						March 31, 2023
Service cost																								$	52					$	53					$	73
Interest cost																								300						307						254
Expected return on assets																								(455)						(446)						(498)
Amortization of prior service credit																								(5)						(6)						(7)
Subtotal																								(108)						(92)						(178)
Settlement/curtailment (gain) loss																								—						(2)						361
Recognition of actuarial (gain) loss																								(232)						447						1,070
Net periodic pension (income) expense																								$	(340)					$	353					$	1,253

The weighted-average rates used to determine net periodic pension cost were:

						Fiscal Years Ended
						March 31, 2025						March 31, 2024						March 31, 2023
Discount or settlement rates						4.4		%				4.5		%				2.7		%
Expected long-term rates of return on assets						6.3		%				6.0		%				4.3		%
Rates of increase in compensation levels						2.4		%				2.8		%				2.9		%
Interest Crediting Rate						2.7		%				4.5		%				4.0		%

Estimated Future Contributions and Benefits Payments

(in millions)
Employer contributions:
2026						$	34
Benefit Payments:
2026						$	337
2027						340
2028						353
2029						361
2030						371
2031 and thereafter						1,982
Total						$	3,744

Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss

The following is a summary of amounts in accumulated other comprehensive loss, before tax effects:

						Fiscal Years Ended
(in millions)						March 31, 2025						March 31, 2024
Prior service credit						$	(158)					$	(176)

Schedule of Fair Value of Financial Assets for Pension and Postretirement Benefits

The tables below set forth the fair value of plan assets by asset category within the fair value hierarchy:

									As of March 31, 2025
(in millions)									Level 1						Level 2						Level 3						Total
Equity:
			Global/International Equity commingled funds						$	21					$	652					$	—					$	673
			U.S./North American Equity commingled funds						5						—						—						5
Fixed Income:
			Non-U.S. Government funds						3						76						—						79
			Fixed income commingled funds						38						323						—						361
			Corporate and other bonds						1						3,145						—						3,146
Alternatives:
			Other Alternatives (1)						—						783						1,480						2,263
			Hedge Funds(2)						—						—						37						37
Other Assets									—						19						77						96
Insurance contracts									—						111						—						111
Cash and cash equivalents									112						12						—						124
Totals									$	180					$	5,121					$	1,594					$	6,895

									As of March 31, 2024
(in millions)									Level 1						Level 2						Level 3						Total
Equity:
			Global/International Equity commingled funds						$	21					$	662					$	—					$	683
			U.S./North American Equity commingled funds						5						—						—						5
Fixed Income:
			Non-U.S. Government funds						—						29						—						29
			Fixed income commingled funds						1						205						12						218
			Fixed income mutual funds						—						—						—						—
			Corporate and other bonds						—						3,678						91						3,769
Alternatives:
			Other Alternatives (1)						—						943						1,018						1,961
			Hedge Funds(2)						—						8						48						56
Other Assets									28						26						60						114
Insurance contracts									—						91						—						91
Cash and cash equivalents									347						45						—						392
Totals									$	402					$	5,687					$	1,229					$	7,318

        

(1) Represents real estate and other commingled funds consisting mainly of equities, bonds, or commodities.

(2) Represents investments in diversified fund of hedge funds.

Changes in fair value measurements of level 3 investments for the defined benefit plans were as follows:

(in millions)
Balance as of March 31, 2023						$	1,201
Actual return on plan assets held at the reporting date						14
Purchases, sales and settlements						(18)
Changes due to exchange rates						32
Balance as of March 31, 2024						1,229
Actual return on plan assets held at the reporting date						97
Purchases, sales and settlements						279
Transfers in and / or out of Level 3						(35)
Changes due to exchange rates						24
Balance as of March 31, 2025						$	1,594

Plan Asset Allocations

						As of
Asset Category						March 31, 2025						March 31, 2024
Equity securities						10		%				9		%
Debt securities						52		%				55		%
Alternatives						35		%				29		%
Cash and other						3		%				7		%
Total						100		%				100		%

X

- Definition

Schedule Of Fair Value Of Financial Assets For Pension And Postretirement Benefits [Table Text Block]

+ References

No definition available.

+ Details

Name:	dxc_ScheduleOfFairValueOfFinancialAssetsForPensionAndPostretirementBenefitsTableTextBlock
Namespace Prefix:	dxc_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-4

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-2

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration