Restricted stock units (“RSUs”) represent the right to receive one share of DXC common stock upon a future settlement date, subject to vesting and other terms and conditions of the award, plus any dividend equivalents accrued during the award period. The Company also grants Performance-based restricted stock units (“PSUs”), which generally vest over a three-year period. The number of PSUs that ultimately vest is dependent upon the Company’s achievement of certain specified market- and performance-based criteria over the three-year vesting period. The fair value of RSUs and PSUs is based on the Company’s common stock closing price on the grant date. For PSUs with a market-based condition, DXC uses a Monte Carlo simulation model to value the grants.


	Employee Equity Plan			Director Equity Plan
	Number of Shares	Weighted Average Grant Date Fair Value		Number of Shares	Weighted Average Grant Date Fair Value
Outstanding as of March 31, 2022	7,477,126	$	35.89	156,722	$	36.18
Granted	3,273,088	$	38.65	58,500	$	31.54

Settled	(2,061,787)	$	33.65	(75,335)	$	32.62
Canceled/Forfeited	(1,095,402)	$	38.72	—	$	—
Outstanding as of December 31, 2022	7,593,025	$	37.11	139,887	$	36.15


	Three Months Ended				Nine Months Ended
(in millions)	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021


Total share-based compensation cost	$	26	$	26	$	81	$	77
Related income tax benefit	$	2	$	4	$	8	$	11