WORKFORCE REBALANCING AND SITE-RATIONALIZATION CHARGES (Tables)

12 Months Ended

Mar. 31, 2026

WORKFORCE REBALANCING AND SITE-RATIONALIZATION CHARGES.

Schedule of segment breakout of workforce rebalancing and site-rationalization charges


											Costs Incurred to Date
		Year Ended March 31,									Fiscal 2026			Fiscal 2025			Fiscal 2024
(Dollars in millions)		2026			2025			2024*			Program			Program			Program
United States		$	20		$	62		$	29		$	20		$	62		$	43
Japan			5			12			2			5			12			4
Principal Markets			15			30			69			15			30			128
Strategic Markets			20			58			71			20			58			122
Sub-total		$	60		$	162		$	171		$	60		$	162		$	297
Corporate and other			—			—			3			—			—			13
Total charges		$	60		$	162		$	174		$	60		$	162		$	310

*

Effective June 1, 2024, the Company made a minor change to its geographic reportable segments to reflect how it manages its operations and measures business performance, transitioning the reporting and management of its operations in Australia/New Zealand from the Principal Markets segment to the Strategic Markets segment. Historical fiscal 2024 segment information was recast to reflect this change in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025.

Summary of classification of workforce rebalancing and site-rationalization activities


												Costs Incurred to Date
		Year Ended March 31,										Fiscal 2026			Fiscal 2025			Fiscal 2024
(Dollars in millions)		2026			2025			2024				Program			Program			Program
Cost of services		$	—		$	45		$	23			$	—		$	45		$	94
Selling, general and administrative expenses			—			3			16				—			3			25
Workforce rebalancing charges			60			114			135	*			60			114			190
Total charges		$	60		$	162		$	174			$	60		$	162		$	310

*	Excludes $4 million liability adjustment related to workforce rebalancing actions taken by the former Parent prior to Separation.

Schedule of components of and changes in workforce rebalancing and site-rationalization charges


					Liabilities			Liabilities			Liabilities
		Workforce			Related to			Related to			Related to
		Rebalancing			Ceasing to Use			Lease			Ceasing to Use
(Dollars in millions)		Liabilities*			Leased Assets			Terminations			Fixed Assets			Total
Fiscal 2024 Program
Balance at March 31, 2023		$	55		$	—		$	3		$	—		$	58
Charges (benefits)			135			14			(1)			26			174
Cash payments			(161)			—			(2)			(5)			(168)
Non-cash adjustments			(1)			(14)			—			(21)			(36)
Balance at March 31, 2024		$	28		$	—		$	—		$	—		$	28
Cash payments			(25)			—			—			—			(25)
Non-cash adjustments			(3)			—			—			—			(3)
Balance at March 31, 2025		$	—		$	—		$	—		$	—		$	—

Fiscal 2025 Program
Balance at March 31, 2024		$	—		$	—		$	—		$	—		$	—
Charges			114			39			—			8			162
Cash payments			(100)			—			—			—			(100)
Non-cash adjustments			2			(39)			—			(8)			(46)
Balance at March 31, 2025		$	16		$	—		$	—		$	—		$	16
Cash payments			(16)			—			—			—			(16)
Balance at March 31, 2026		$	—		$	—		$	—		$	—		$	—

Fiscal 2026 Program
Balance at March 31, 2025		$	—		$	—		$	—		$	—		$	—
Charges			60			—			—			—			60
Cash payments			(56)			—			—			—			(56)
Non-cash adjustments			1			—			—			—			1
Balance at March 31, 2026		$	4		$	—		$	—		$	—		$	4

*

Balance as of March 31, 2023 excludes workforce rebalancing liabilities inherited from the former Parent of $42 million, charges of $4 million related to one-off terminations, cash payments of $15 million and ending balance of $29 million as of March 31, 2024. The Fiscal 2025 Program balance excludes cash payments of $14 million, non-cash adjustments of $1 million and ending balance of $16 million as of March 31, 2025 related to actions initiated by the former Parent, and current-year movement excludes cash payments of $7 million, non-cash adjustment of ($1) million and ending balance of $10 million related to actions initiated by our former Parent. Workforce rebalancing liabilities are recorded within Other Liabilities; refer to Note 13 – Other Liabilities for further details.