v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (55) $ 56
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation of property, equipment and capitalized software 183 191
Depreciation of right-of-use assets 68 73
Amortization of transition costs and prepaid software 331 308
Amortization of capitalized contract costs 94 106
Amortization of acquisition-related intangible assets 6 7
Stock-based compensation 21 24
Deferred taxes (50) (10)
Net (gain) loss on asset sales and other 6  
Change in operating assets and liabilities:    
Right-of-use assets and liabilities (excluding depreciation) (81) (88)
Workforce rebalancing liabilities 132 3
Current accounts receivables 18 114
Lease and other receivables (51) (67)
Accounts payable (320) (269)
Taxes (32) 27
Deferred transition costs and prepaid software (excluding amortization) (246) (1,259)
Capitalized contract costs (excluding amortization) (108) (122)
Other assets and other liabilities (228) 781
Net cash provided by operating activities (310) (124)
Cash flows from investing activities:    
Capital expenditures (149) (143)
Proceeds from disposition of property and equipment 58 45
Acquisitions and divestitures, net of cash acquired 31 1
Other investing activities, net 11 22
Net cash used in investing activities (49) (74)
Cash flows from financing activities:    
Debt repayments (52) (36)
Common stock repurchases (64) (62)
Common stock repurchases for tax withholdings (13) (67)
Other financing activities, net (23) (5)
Net cash provided by (used in) financing activities (152) (170)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4) 46
Net change in cash, cash equivalents and restricted cash (515) (323)
Cash, cash equivalents and restricted cash at beginning of period 2,626 1,789
Cash, cash equivalents and restricted cash at end of period 2,111 1,466
Supplemental data:    
Income taxes paid, net of refunds received 76 67
Interest paid on debt $ 50 $ 39