2022 Q1 Form 10-K Financial Statement

#000168856822000027 Filed on May 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $4.008B $16.27B $4.385B
YoY Change -8.6% -8.26% -8.93%
Cost Of Revenue $3.161B $12.68B $3.561B
YoY Change -11.23% -9.96% -5.62%
Gross Profit $847.0M $3.582B $824.0M
YoY Change 2.79% -1.67% -20.92%
Gross Profit Margin 21.13% 22.02% 18.79%
Selling, General & Admin $312.0M $1.408B $420.0M
YoY Change -25.71% -31.85% -5.41%
% of Gross Profit 36.84% 39.31% 50.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $433.0M $1.742B $482.0M
YoY Change -10.17% -12.37% -9.23%
% of Gross Profit 51.12% 48.63% 58.5%
Operating Expenses -$56.00M $1.408B $1.318B
YoY Change -104.25% -31.85% 116.07%
Operating Profit $903.0M $1.375B -$494.0M
YoY Change -282.79% 24.77% -214.35%
Interest Expense -$29.00M $204.0M -$55.00M
YoY Change -47.27% -43.49% 25.0%
% of Operating Profit -3.21% 14.84%
Other Income/Expense, Net $1.094B
YoY Change
Pretax Income $799.0M $1.141B -$793.0M
YoY Change -200.76% 74.46% -77.74%
Income Tax $260.0M $405.0M $15.00M
% Of Pretax Income 32.54% 35.5%
Net Earnings $530.0M $718.0M -$798.0M
YoY Change -166.42% -581.88% -77.17%
Net Earnings / Revenue 13.22% 4.41% -18.2%
Basic Earnings Per Share $2.87
Diluted Earnings Per Share $2.136M $2.81 -$3.136M
COMMON SHARES
Basic Shares Outstanding 244.5M shares 250.0M shares 254.6M shares
Diluted Shares Outstanding 255.2M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.672B $2.672B $2.968B
YoY Change -9.97% -9.97% -19.33%
Cash & Equivalents $2.672B $2.672B $2.968B
Short-Term Investments
Other Short-Term Assets $268.0M $920.0M $357.0M
YoY Change -24.93% -15.13% 32.22%
Inventory
Prepaid Expenses $617.0M $567.0M
Receivables $3.854B $3.854B $4.156B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.446B $7.446B $8.208B
YoY Change -9.28% -9.28% -8.67%
LONG-TERM ASSETS
Property, Plant & Equipment $3.545B $3.545B $4.312B
YoY Change -17.79% -17.79% -13.33%
Goodwill $617.0M $641.0M
YoY Change -3.74% -68.22%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.850B $5.153B $4.192B
YoY Change 15.7% 6.6% 3.99%
Total Long-Term Assets $12.69B $12.69B $13.83B
YoY Change -8.22% -8.22% -18.74%
TOTAL ASSETS
Total Short-Term Assets $7.446B $7.446B $8.208B
Total Long-Term Assets $12.69B $12.69B $13.83B
Total Assets $20.14B $20.14B $22.04B
YoY Change -8.62% -8.62% -15.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $840.0M $840.0M $914.0M
YoY Change -8.1% -8.1% -42.8%
Accrued Expenses $2.882B $3.840B $3.358B
YoY Change -14.18% -14.17% 19.89%
Deferred Revenue $1.053B $1.079B
YoY Change -2.41% 5.68%
Short-Term Debt $362.0M $362.0M $213.0M
YoY Change 69.95% 69.95% -60.7%
Long-Term Debt Due $249.0M $538.0M $556.0M
YoY Change -55.22% -43.61% 91.72%
Total Short-Term Liabilities $6.853B $6.853B $8.150B
YoY Change -15.91% -15.91% 3.23%
LONG-TERM LIABILITIES
Long-Term Debt $4.065B $4.065B $4.345B
YoY Change -6.44% -6.44% -49.9%
Other Long-Term Liabilities $1.136B $2.852B $908.0M
YoY Change 25.11% -15.65% 52.86%
Total Long-Term Liabilities $5.201B $6.917B $5.253B
YoY Change -0.99% -10.47% -43.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.853B $6.853B $8.150B
Total Long-Term Liabilities $5.201B $6.917B $5.253B
Total Liabilities $14.76B $15.09B $16.73B
YoY Change -11.75% -11.59% -19.86%
SHAREHOLDERS EQUITY
Retained Earnings -$4.450B -$5.331B
YoY Change -16.53% 2.97%
Common Stock $3.000M $3.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $173.0M $158.0M
YoY Change 9.49% 3.95%
Treasury Stock Shares 2.878M shares 2.458M shares
Shareholders Equity $5.052B $5.052B $4.973B
YoY Change
Total Liabilities & Shareholders Equity $20.14B $20.14B $22.04B
YoY Change -8.62% -8.62% -15.26%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $530.0M $718.0M -$798.0M
YoY Change -166.42% -581.88% -77.17%
Depreciation, Depletion And Amortization $433.0M $1.742B $482.0M
YoY Change -10.17% -12.37% -9.23%
Cash From Operating Activities $260.0M $1.501B -$330.0M
YoY Change -178.79% 1110.48% -214.58%
INVESTING ACTIVITIES
Capital Expenditures -$178.0M $254.0M -$163.0M
YoY Change 9.2% -2.68% -28.51%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $25.00M -$41.00M $328.0M
YoY Change -92.38% -415.38% 53.99%
Cash From Investing Activities -$153.0M -$60.00M $165.0M
YoY Change -192.73% -101.29% -1200.0%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.872B
YoY Change -19.14%
Cash From Financing Activities -358.0M -$1.818B -805.0M
YoY Change -55.53% -66.8% -183.68%
NET CHANGE
Cash From Operating Activities 260.0M $1.501B -330.0M
Cash From Investing Activities -153.0M -$60.00M 165.0M
Cash From Financing Activities -358.0M -$1.818B -805.0M
Net Change In Cash -251.0M -$296.0M -970.0M
YoY Change -74.12% -58.37% -178.54%
FREE CASH FLOW
Cash From Operating Activities $260.0M $1.501B -$330.0M
Capital Expenditures -$178.0M $254.0M -$163.0M
Free Cash Flow $438.0M $1.247B -$167.0M
YoY Change -362.28% -1010.22% -132.36%

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CY2021 us-gaap Gain Loss Related To Litigation Settlement
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CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2021 us-gaap Payments To Acquire Short Term Investments
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CY2022 dxc Repayments Of Capital Lease Obligations And Asset Financing
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CY2021 dxc Repayments Of Capital Lease Obligations And Asset Financing
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930000000 USD
CY2020 dxc Repayments Of Capital Lease Obligations And Asset Financing
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CY2022 dxc Proceeds From Bond Issuance
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CY2021 dxc Proceeds From Bond Issuance
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993000000 USD
CY2020 dxc Proceeds From Bond Issuance
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CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements, in accordance with GAAP, requires the Company's management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on assumptions regarding historical experience, currently available information, and anticipated developments that it believes are reasonable and appropriate. However, because the use of estimates involves an inherent degree of uncertainty, actual results could differ from those estimates. The severity, magnitude and duration, as well as the economic consequences of the ongoing COVID-19 crisis, are uncertain, rapidly changing and difficult to predict. Therefore, accounting estimates and assumptions may change over time in response to the COVID-19 crisis and may change materially in future periods. Estimates are used for, but not limited to, contracts accounted for using the percentage-of-completion method, cash flows used in the evaluation of impairment of goodwill and other long-lived assets, reserves for uncertain tax positions, valuation allowances on deferred tax assets, loss accruals for litigation, and obligations related to our pension plans. In the opinion of the Company's management, the accompanying financial statements contain all adjustments necessary, including those of a normal recurring nature, to fairly present the financial statements.</span></div>
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CY2022 dxc Concentration Risk Credit Risk Financial Instrument Numberof Counterparties
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CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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2946000000 USD
CY2022 us-gaap Depreciation
Depreciation
625000000 USD
CY2021 us-gaap Depreciation
Depreciation
754000000 USD
CY2020 us-gaap Depreciation
Depreciation
643000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8502000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5124000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3378000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8465000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4422000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4043000000 USD
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1092000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1216000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1299000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
780000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
684000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
592000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
522000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
395000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
405000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
641000000 USD
CY2022 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
2000000 USD
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-6000000 USD
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-16000000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
617000000 USD
CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
10173000000 USD
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
9556000000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
617000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
2017000000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
15000000 USD
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1355000000 USD
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-90000000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
54000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
641000000 USD
CY2021Q1 us-gaap Goodwill Gross
GoodwillGross
10197000000 USD
CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
9556000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
641000000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6794000000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
975000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2928000000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1707000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-321000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2300000000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1141000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
654000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5228000000 USD
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-118000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
730000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3000000 USD
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-17000000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
257000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
16000000 USD
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
285000000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
216000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
167000000 USD
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
150000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1203000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
186000000 USD
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9000000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-221000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-125000000 USD
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-9000000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-51000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
17000000 USD
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
255000000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
52000000 USD
CY2022 dxc Deferred Income Tax Expense Benefit As Adjusted
DeferredIncomeTaxExpenseBenefitAsAdjusted
255000000 USD
CY2021 dxc Deferred Income Tax Expense Benefit As Adjusted
DeferredIncomeTaxExpenseBenefitAsAdjusted
-403000000 USD
CY2020 dxc Deferred Income Tax Expense Benefit As Adjusted
DeferredIncomeTaxExpenseBenefitAsAdjusted
-56000000 USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
405000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130000000 USD
CY2022 dxc Transition Tax For Accumulated Foreign Earnings Income Tax Expense Benefit
TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpenseBenefit
-7000000 USD
CY2021 dxc Transition Tax For Accumulated Foreign Earnings Income Tax Expense Benefit
TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpenseBenefit
-4000000 USD
CY2020 dxc Transition Tax For Accumulated Foreign Earnings Income Tax Expense Benefit
TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpenseBenefit
-31000000 USD
CY2022 dxc Income Tax Examination Penalties And Interest Expense Benefit
IncomeTaxExaminationPenaltiesAndInterestExpenseBenefit
-3000000 USD
CY2021 dxc Income Tax Examination Penalties And Interest Expense Benefit
IncomeTaxExaminationPenaltiesAndInterestExpenseBenefit
2000000 USD
CY2020 dxc Income Tax Examination Penalties And Interest Expense Benefit
IncomeTaxExaminationPenaltiesAndInterestExpenseBenefit
2000000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.069
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.108
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.014
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
1.511
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-1.984
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.119
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.283
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1.409
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
2.393
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.121
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.152
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.487
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.026
CY2022 dxc Effective Income Tax Rate Reconciliation Arbitration Award Percent
EffectiveIncomeTaxRateReconciliationArbitrationAwardPercent
0
CY2021 dxc Effective Income Tax Rate Reconciliation Arbitration Award Percent
EffectiveIncomeTaxRateReconciliationArbitrationAwardPercent
0
CY2020 dxc Effective Income Tax Rate Reconciliation Arbitration Award Percent
EffectiveIncomeTaxRateReconciliationArbitrationAwardPercent
-0.036
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.068
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.172
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.011
CY2022 dxc Effective Income Tax Rate Reconciliation Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationWithholdingTaxesPercent
0.062
CY2021 dxc Effective Income Tax Rate Reconciliation Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationWithholdingTaxesPercent
0.103
CY2020 dxc Effective Income Tax Rate Reconciliation Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationWithholdingTaxesPercent
-0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.025
CY2021 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.176
CY2020 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
-0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.022
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.005
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.066
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.007
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.030
CY2021 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.526
CY2020 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0
CY2022 dxc Effective Income Tax Rate Reconciliation Capital Losses Percent
EffectiveIncomeTaxRateReconciliationCapitalLossesPercent
0
CY2021 dxc Effective Income Tax Rate Reconciliation Capital Losses Percent
EffectiveIncomeTaxRateReconciliationCapitalLossesPercent
0.057
CY2020 dxc Effective Income Tax Rate Reconciliation Capital Losses Percent
EffectiveIncomeTaxRateReconciliationCapitalLossesPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.010
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.043
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.355
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
631000000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.223
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.025
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
174000000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.152
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
78000000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.068
CY2021 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
344000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.526
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1565000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
2.393
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
319000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.487
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
112000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.172
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
1482000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.283
CY2020 dxc Effective Income Tax Rate Reconciliation Arbitration Award Amount
EffectiveIncomeTaxRateReconciliationArbitrationAwardAmount
186000000 USD
CY2020 dxc Effective Income Tax Rate Reconciliation Arbitration Award Percent
EffectiveIncomeTaxRateReconciliationArbitrationAwardPercent
-0.036
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.121
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
135000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.026
CY2022Q1 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
0 USD
CY2021Q1 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
32000000 USD
CY2022Q1 dxc Total Of Deferred Tax Assets Operating Loss Carryforwards And Deferred Tax Assets Tax Credit Carryforwards
TotalOfDeferredTaxAssetsOperatingLossCarryforwardsAndDeferredTaxAssetsTaxCreditCarryforwards
2360000000 USD
CY2021Q1 dxc Total Of Deferred Tax Assets Operating Loss Carryforwards And Deferred Tax Assets Tax Credit Carryforwards
TotalOfDeferredTaxAssetsOperatingLossCarryforwardsAndDeferredTaxAssetsTaxCreditCarryforwards
4039000000 USD
CY2022Q1 dxc Deferred Tax Assets Accrued Interest
DeferredTaxAssetsAccruedInterest
15000000 USD
CY2021Q1 dxc Deferred Tax Assets Accrued Interest
DeferredTaxAssetsAccruedInterest
20000000 USD
CY2022Q1 dxc Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
244000000 USD
CY2021Q1 dxc Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
359000000 USD
CY2022Q1 dxc Deferred Tax Assets Contract Accounting
DeferredTaxAssetsContractAccounting
132000000 USD
CY2021Q1 dxc Deferred Tax Assets Contract Accounting
DeferredTaxAssetsContractAccounting
92000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
338000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
351000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3089000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4893000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2133000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3860000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
956000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1033000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
430000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
513000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
227000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
339000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
8000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
0 USD
CY2022Q1 dxc Deferred Tax Liabilities Deferred Expense Employee Benefits
DeferredTaxLiabilitiesDeferredExpenseEmployeeBenefits
426000000 USD
CY2021Q1 dxc Deferred Tax Liabilities Deferred Expense Employee Benefits
DeferredTaxLiabilitiesDeferredExpenseEmployeeBenefits
6000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
220000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
246000000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1311000000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1104000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
355000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
71000000 USD
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
78000000 USD
CY2021Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
67000000 USD
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
78000000 USD
CY2021Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
67000000 USD
CY2022Q1 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
130000000 USD
CY2021Q1 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
136000000 USD
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
221000000 USD
CY2021Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
289000000 USD
CY2022Q1 dxc Income Tax Receivable And Deferred Income Tax Assets Noncurrent
IncomeTaxReceivableAndDeferredIncomeTaxAssetsNoncurrent
351000000 USD
CY2021Q1 dxc Income Tax Receivable And Deferred Income Tax Assets Noncurrent
IncomeTaxReceivableAndDeferredIncomeTaxAssetsNoncurrent
425000000 USD
CY2022Q1 dxc Income Tax Assets Currentand Noncurrent
IncomeTaxAssetsCurrentandNoncurrent
429000000 USD
CY2021Q1 dxc Income Tax Assets Currentand Noncurrent
IncomeTaxAssetsCurrentandNoncurrent
492000000 USD
CY2022Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
34000000 USD
CY2021Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
30000000 USD
CY2022Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
163000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
368000000 USD
CY2022Q1 dxc Liabilities For Income Tax Uncertainty And Accrued Income Taxes Current
LiabilitiesForIncomeTaxUncertaintyAndAccruedIncomeTaxesCurrent
197000000 USD
CY2021Q1 dxc Liabilities For Income Tax Uncertainty And Accrued Income Taxes Current
LiabilitiesForIncomeTaxUncertaintyAndAccruedIncomeTaxesCurrent
398000000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
576000000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
360000000 USD
CY2022Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
39000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
130000000 USD
CY2022Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
379000000 USD
CY2021Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
364000000 USD
CY2022Q1 dxc Deferred Tax Liabilities And Liabilities For Income Tax Uncertainty Noncurrent
DeferredTaxLiabilitiesAndLiabilitiesForIncomeTaxUncertaintyNoncurrent
994000000 USD
CY2021Q1 dxc Deferred Tax Liabilities And Liabilities For Income Tax Uncertainty Noncurrent
DeferredTaxLiabilitiesAndLiabilitiesForIncomeTaxUncertaintyNoncurrent
854000000 USD
CY2022Q1 dxc Income Tax Liabilities Current And Noncurrent
IncomeTaxLiabilitiesCurrentAndNoncurrent
1191000000 USD
CY2021Q1 dxc Income Tax Liabilities Current And Noncurrent
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CY2021 dxc Contract With Customer Liability Currency Translation Adjustment
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128000000 USD
CY2022 dxc Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
-72000000 USD
CY2021 dxc Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
-194000000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1915000000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1701000000 USD
CY2022 us-gaap Restructuring Charges
RestructuringCharges
318000000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
551000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
252000000 USD
CY2022Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
113000000 USD
CY2021Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
225000000 USD
CY2022Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
39000000 USD
CY2021Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
45000000 USD
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
152000000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
270000000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
270000000 USD
CY2022 us-gaap Restructuring Charges
RestructuringCharges
318000000 USD
CY2022 dxc Restructuring Reserve Costs Not Affecting Restructuring Liability
RestructuringReserveCostsNotAffectingRestructuringLiability
-71000000 USD
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
354000000 USD
CY2022 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-11000000 USD
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
152000000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
180000000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
551000000 USD
CY2021 dxc Restructuring Reserve Costs Not Affecting Restructuring Liability
RestructuringReserveCostsNotAffectingRestructuringLiability
-30000000 USD
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
442000000 USD
CY2021 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
11000000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
270000000 USD
CY2022Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
828000000 USD
CY2022Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
393000000 USD
CY2022Q1 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
249000000 USD
CY2022Q1 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
239000000 USD
CY2022Q1 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
14000000 USD
CY2022Q1 us-gaap Purchase Obligation
PurchaseObligation
1723000000 USD
CY2022Q1 dxc Expiration Of Guarantee In Next Fiscal Year
ExpirationOfGuaranteeInNextFiscalYear
233000000 USD
CY2022Q1 dxc Expiration Of Guarantee In Second Fiscal Year
ExpirationOfGuaranteeInSecondFiscalYear
85000000 USD
CY2022Q1 dxc Expiration Of Guarantee In Third Fiscal Year And Thereafter
ExpirationOfGuaranteeInThirdFiscalYearAndThereafter
590000000 USD
CY2022Q1 dxc Total Guarantees Outstanding
TotalGuaranteesOutstanding
908000000 USD

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