v3.22.4
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Dec. 31, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,091 $ 2,672
Receivables and contract assets, net of allowance of $46 and $55 3,454 3,854
Prepaid expenses 653 617
Other current assets 218 268
Assets held for sale 577 35
Total current assets 6,993 7,446
Intangible assets, net of accumulated amortization of $5,458 and $5,124 2,741 3,378
Operating right-of-use assets, net 954 1,133
Goodwill 535 617
Deferred income taxes, net 219 221
Property and equipment, net of accumulated depreciation of $4,067 and $3,998 2,044 2,412
Other assets 4,653 4,850
Assets held for sale - non-current 115 82
Total Assets 18,254 20,139
Current liabilities:    
Short-term debt and current maturities of long-term debt 873 900
Accounts payable 852 840
Accrued payroll and related costs 520 570
Current operating lease liabilities 320 388
Accrued expenses and other current liabilities 1,932 2,882
Deferred revenue and advance contract payments 969 1,053
Income taxes payable 166 197
Liabilities related to assets held for sale 538 23
Total current liabilities 6,170 6,853
Long-term debt, net of current maturities 3,850 4,065
Non-current deferred revenue 804 862
Non-current operating lease liabilities 691 815
Non-current income tax liabilities and deferred tax liabilities 784 994
Other long-term liabilities 992 1,136
Liabilities related to assets held for sale - non-current 11 39
Total Liabilities 13,302 14,764
Commitments and contingencies
DXC stockholders’ equity:    
Preferred stock, par value $0.01 per share, 1,000,000 shares authorized, none issued as of December 31, 2022 and March 31, 2022 0 0
Common stock, par value $0.01 per share, 750,000,000 shares authorized, 231,350,636 issued as of December 31, 2022 and 240,508,348 issued as of March 31, 2022 2 3
Additional paid-in capital 9,670 10,057
Accumulated deficit (4,123) (4,450)
Accumulated other comprehensive loss (736) (385)
Treasury stock, at cost, 3,278,690 and 2,878,079 shares as of December 31, 2022 and March 31, 2022 (186) (173)
Total DXC stockholders’ equity 4,627 5,052
Non-controlling interest in subsidiaries 325 323
Total Equity 4,952 5,375
Total Liabilities and Equity $ 18,254 $ 20,139