v3.22.4
Revenue
 9 Months Ended
Dec. 31, 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 EndedNine Months Ended
(in millions)December 31, 2022December 31, 2021December 31, 2022December 31, 2021
United States$1,054 $1,168 $3,278 $3,570 
United Kingdom469 578 1,394 1,749 
Other Europe1,119 1,319 3,321 3,878 
Australia343 376 1,105 1,172 
Other International581 648 1,741 1,888 
Total Revenues$3,566 $4,089 $10,839 $12,257 

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 December 31, 2022, approximately $19.6 billion of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 13% 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)December 31, 2022March 31, 2022
Trade receivables, net $2,364 $2,694 
Contract assets $325 $371 
Contract liabilities$1,773 $1,915 

Changes in contract liabilities were as follows:
Nine Months Ended
(in millions)December 31, 2022December 31, 2021
Balance, beginning of period$1,915 $1,701 
Deferred revenue 1,699 2,287 
Recognition of deferred revenue(1,725)(2,032)
Currency translation adjustment(88)(22)
Other(28)(51)
Balance, end of period$1,773 $1,883