v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net income (loss) $ 198 $ 252 $ (340)
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation of property, equipment and capitalized software 762 660 834
Depreciation of right-of-use assets 289 327 319
Amortization of transition costs and prepaid software 1,239 1,278 1,256
Amortization of capitalized contract costs 458 420 531
Amortization of acquisition-related intangible assets 27 30 30
Stock-based compensation 64 100 95
Deferred taxes (24) (1) (13)
Net (gain) loss on asset sales and other 115 (152) 43
Change in operating assets and liabilities:      
Right-of-use assets and liabilities (excluding depreciation) (330) (314) (335)
Workforce rebalancing liabilities (19) (25) (38)
Current accounts receivables 84 284 (105)
Lease and other receivables (212) 5 116
Accounts payable (93) (89) (305)
Taxes 107 (1) (2)
Deferred transition costs and prepaid software (excluding amortization) (2,189) (1,338) (1,154)
Capitalized contract costs (excluding amortization) (444) (425) (415)
Other assets and other liabilities 916 (71) (63)
Net cash provided by operating activities 948 942 454
Cash flows from investing activities:      
Capital expenditures (608) (605) (651)
Proceeds from disposition of property and equipment 65 83 138
Acquisitions and divestitures, net of cash acquired 1 139  
Other investing activities, net (19) (20) (40)
Net cash used in investing activities (561) (404) (553)
Cash flows from financing activities:      
Debt repayments (146) (148) (644)
Proceeds from borrowings under the revolving credit facility 1,000    
Proceeds from issuance of debt, net of debt issuance costs     494
Common stock repurchases (304) (93)  
Common stock repurchases for tax withholdings (94) (45) (22)
Other financing activities, net 1   2
Net cash provided by (used in) financing activities 457 (286) (170)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9) (16) (37)
Net change in cash, cash equivalents and restricted cash 836 235 (306)
Cash, cash equivalents and restricted cash at beginning of period 1,789 1,554 1,860
Cash, cash equivalents and restricted cash at end of period 2,626 1,789 1,554
Supplemental data:      
Income taxes paid, net of refunds received 151 149 191
Interest paid on debt $ 115 $ 119 $ 118