v3.26.1
FINANCIAL ASSETS AND LIABILITIES (Tables)
3 Months Ended
Jun. 30, 2026
FINANCIAL ASSETS AND LIABILITIES  
Financial assets and financial liabilities measured at fair value on a recurring basis

Fair Value

Hierarchy

At June 30, 2026

At March 31, 2026

(Dollars in millions)

  ​ ​ ​

Level

  ​ ​ ​

Assets

  ​ ​ ​

Liabilities

  ​ ​ ​

Fair Value

  ​ ​ ​

Assets

  ​ ​ ​

Liabilities

  ​ ​ ​

Fair Value

Derivatives designated as hedging instruments:

Foreign exchange contracts

2

$

8

$

58

$

(49)

$

8

$

68

$

(60)

Cross-currency swap contracts

2

55

14

41

41

13

28

Derivatives not designated as hedging instruments:

Foreign exchange contracts

2

7

(7)

3

4

(1)

Total

$

63

$

78

$

(15)

$

53

$

85

$

(32)

Summary of notional amounts of outstanding derivatives

At June 30, 2026

At March 31, 2026

(Dollars in millions)

Foreign Exchange Contracts

  ​ ​ ​

Cross-currency Swap Contracts

  ​ ​ ​

Total Notional Amount

Foreign Exchange Contracts

  ​ ​ ​

Cross-currency Swap Contracts

  ​ ​ ​

Total Notional Amount

Derivatives designated as hedging instruments

Cash flow hedges

$

694

$

$

694

$

402

$

$

402

Net investment hedges

638

500

1,138

749

500

1,249

Derivatives not designated as hedging instruments

$

761

$

$

761

$

620

$

$

620

Effect of derivative instruments in the Consolidated Income Statement - designated

Unrealized Gain (Loss)

Consolidated

Gain (Loss) Reclassified

Amounts Excluded from

(Dollars in millions)

Recognized in OCI

Income Statement

from AOCI to Income

Effectiveness Testing

Three months ended June 30:

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Line Item

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Derivative instruments in cash flow hedges:

Foreign exchange contracts

6

(10)

Cost of services

(2)

 $

 $

Other expense (income)

Derivative instruments in net investment hedges:

Cross-currency swaps

10

(24)

Interest expense

3

3

Foreign exchange contracts

5

(127)

Interest expense

4

8

Total

$

20

$

(161)

  ​

$

$

(2)

$

7

$

10

Effect of derivative instruments in the Consolidated Income Statement- Not designated

Consolidated

Gain (Loss)

(Dollars in millions)

Income Statement

Recognized on Derivatives

Three months ended June 30:

  ​ ​ ​

Line Item

2026

  ​ ​ ​

2025

Foreign exchange contracts

Other expense (income)

2

47

Total

  ​

$

2

$

47