v3.22.4
Earnings per Share
9 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic earnings per share (“EPS”) is computed using the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the incremental shares issuable upon the assumed exercise of stock options and equity awards. The following table reflects the calculation of basic and diluted EPS:

Three Months EndedNine Months Ended
(in millions, except per-share amounts)December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Net income attributable to DXC common stockholders:$59 $98 $188 $188 
Common share information:
Weighted average common shares outstanding for basic EPS229.54 250.27 230.65 252.44 
Dilutive effect of stock options and equity awards3.46 4.55 3.73 5.15 
Weighted average common shares outstanding for diluted EPS233.00 254.82 234.38 257.59 
Earnings per share:
Basic$0.26 $0.39 $0.82 $0.74 
Diluted$0.25 $0.38 $0.80 $0.73 

Certain share-based equity awards were excluded from the computation of dilutive EPS because inclusion of these awards would have had an anti-dilutive effect. The number of awards excluded were as follows:

Three Months EndedNine Months Ended
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Stock Options467,554 507,424 474,591 518,052 
Restricted Stock Units2,490,526 112,314 2,146,455 204,459 
Performance Stock Units1,086,398 1,937,752 850,623 1,089,869