A reconciliation of reported results to Non-GAAP results is as follows:
|
|
Three Months Ended December 31, 2022 |
||||||||||||||||||||||||||||||
(in millions, except per-share amounts) |
|
As Reported |
|
Restructuring Costs |
|
Transaction, Separation and Integration-Related Costs |
|
Amortization of Acquired Intangible Assets |
|
Merger Related Indemnification and Arbitration Loss |
|
Gains and Losses on Dispositions |
|
Impairment Losses |
|
Non-GAAP Results |
||||||||||||||||
Income before income taxes |
|
$ |
102 |
|
$ |
49 |
|
$ |
6 |
|
$ |
100 |
|
$ |
20 |
|
$ |
9 |
|
$ |
8 |
|
$ |
294 |
||||||||
Income tax expense (benefit) |
|
|
41 |
|
|
|
10 |
|
|
|
1 |
|
|
|
20 |
|
|
|
4 |
|
|
|
(7 |
) |
|
|
1 |
|
|
|
70 |
|
Net income |
|
|
61 |
|
|
|
39 |
|
|
|
5 |
|
|
|
80 |
|
|
|
16 |
|
|
|
16 |
|
|
|
7 |
|
|
|
224 |
|
| Less: net income attributable to non-controlling interest, net of tax |
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Net income attributable to DXC common stockholders |
|
$ |
59 |
|
|
$ |
39 |
|
|
$ |
5 |
|
|
$ |
80 |
|
|
$ |
16 |
|
|
$ |
16 |
|
|
$ |
7 |
|
|
$ |
222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
| Effective Tax Rate |
|
|
40.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23.8 |
% |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
| Basic EPS |
|
$ |
0.26 |
|
|
$ |
0.17 |
|
|
$ |
0.02 |
|
|
$ |
0.35 |
|
|
$ |
0.07 |
|
|
$ |
0.07 |
|
|
$ |
0.03 |
|
|
$ |
0.97 |
|
| Diluted EPS |
|
$ |
0.25 |
|
|
$ |
0.17 |
|
|
$ |
0.02 |
|
|
$ |
0.34 |
|
|
$ |
0.07 |
|
|
$ |
0.07 |
|
|
$ |
0.03 |
|
|
$ |
0.95 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
| Weighted average common shares outstanding for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
| Basic EPS |
|
|
229.54 |
|
|
|
229.54 |
|
|
|
229.54 |
|
|
|
229.54 |
|
|
|
229.54 |
|
|
|
229.54 |
|
|
|
229.54 |
|
|
|
229.54 |
|
| Diluted EPS |
|
|
233.00 |
|
|
|
233.00 |
|
|
|
233.00 |
|
|
|
233.00 |
|
|
|
233.00 |
|
|
|
233.00 |
|
|
|
233.00 |
|
|
|
233.00 |
|
|
|
|
Nine Months Ended December 31, 2022 |
||||||||||||||||||||||||||||||||||
| (in millions, except per-share amounts) |
|
As Reported |
|
Restructuring Costs |
|
Transaction, Separation and Integration-Related Costs |
|
Amortization of Acquired Intangible Assets |
|
Merger Related Indemnification, Arbitration Loss, and SEC Matter |
|
Gains and Losses on Dispositions |
|
Impairment Losses |
|
Pension and OPEB Actuarial and Settlement Gains and Losses |
|
Non-GAAP Results |
||||||||||||||||||
| Income before income taxes |
|
$ |
278 |
$ |
135 |
|
$ |
12 |
|
$ |
305 |
|
$ |
38 |
|
$ |
12 |
|
$ |
8 |
|
$ |
1 |
|
$ |
789 |
||||||||||
| Income tax expense |
|
|
86 |
|
|
|
28 |
|
|
|
2 |
|
|
|
62 |
|
|
|
7 |
|
|
|
24 |
|
|
|
1 |
|
|
|
— |
|
|
|
210 |
|
| Net income (loss) |
|
|
192 |
|
|
|
107 |
|
|
|
10 |
|
|
|
243 |
|
|
|
31 |
|
|
|
(12 |
) |
|
|
7 |
|
|
|
1 |
|
|
|
579 |
|
| Less: net income attributable to non-controlling interest, net of tax |
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
| Net income (loss) attributable to DXC common stockholders |
|
$ |
188 |
|
|
$ |
107 |
|
|
$ |
10 |
|
|
$ |
243 |
|
|
$ |
31 |
|
|
$ |
(12 |
) |
|
$ |
7 |
|
|
$ |
1 |
|
|
$ |
575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Effective Tax Rate |
|
|
30.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26.6 |
% |
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Basic EPS |
|
$ |
0.82 |
|
|
$ |
0.46 |
|
|
$ |
0.04 |
|
|
$ |
1.05 |
|
|
$ |
0.13 |
|
|
$ |
(0.05 |
) |
|
$ |
0.03 |
|
|
$ |
0.00 |
|
|
$ |
2.49 |
|
| Diluted EPS |
|
$ |
0.80 |
|
|
$ |
0.46 |
|
|
$ |
0.04 |
|
|
$ |
1.04 |
|
|
$ |
0.13 |
|
|
$ |
(0.05 |
) |
|
$ |
0.03 |
|
|
$ |
0.00 |
|
|
$ |
2.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Weighted average common shares outstanding for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Basic EPS |
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
|
|
230.65 |
|
| Diluted EPS |
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
234.38 |
|
|
|
|
Three Months Ended December 31, 2021 |
||||||||||||||||||||||||||||||||||
| (in millions, except per-share amounts) |
|
As Reported |
|
Restructuring Costs |
|
Transaction, Separation and Integration-Related Costs |
|
Amortization of Acquired Intangible Assets |
|
Gains and Losses on Dispositions |
|
Debt Extinguishment Costs |
|
Pension and OPEB Actuarial and Settlement Losses |
|
Tax Adjustment |
|
Non-GAAP Results |
||||||||||||||||||
| Income before income taxes |
|
$ |
166 |
|
$ |
36 |
|
$ |
11 |
|
$ |
106 |
|
$ |
4 |
|
$ |
2 |
|
$ |
7 |
|
|
|
$ |
332 |
||||||||||
| Income tax expense |
|
|
64 |
|
|
|
4 |
|
|
|
1 |
|
|
|
13 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
10 |
|
|
|
93 |
|
| Net income |
|
|
102 |
|
|
|
32 |
|
|
|
10 |
|
|
|
93 |
|
|
|
4 |
|
|
|
2 |
|
|
|
6 |
|
|
|
(10 |
) |
|
|
239 |
|
| Less: net income attributable to non-controlling interest, net of tax |
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
4 |
|
||||||
| Net income attributable to DXC common stockholders |
|
$ |
98 |
|
|
$ |
32 |
|
|
$ |
10 |
|
|
$ |
93 |
|
|
$ |
4 |
|
|
$ |
2 |
|
|
$ |
6 |
|
|
$ |
(10 |
) |
|
$ |
235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Effective Tax Rate |
|
|
38.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28.0 |
% |
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Basic EPS |
|
$ |
0.39 |
|
|
$ |
0.13 |
|
|
$ |
0.04 |
|
|
$ |
0.37 |
|
|
$ |
0.02 |
|
|
$ |
0.01 |
|
|
$ |
0.02 |
|
|
$ |
(0.04 |
) |
|
$ |
0.94 |
|
| Diluted EPS |
|
$ |
0.38 |
|
|
$ |
0.13 |
|
|
$ |
0.04 |
|
|
$ |
0.36 |
|
|
$ |
0.02 |
|
|
$ |
0.01 |
|
|
$ |
0.02 |
|
|
$ |
(0.04 |
) |
|
$ |
0.92 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Weighted average common shares outstanding for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
| Basic EPS |
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
|
|
250.27 |
|
| Diluted EPS |
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
254.82 |
|
|
|
|
Nine Months Ended December 31, 2021 |
||||||||||||||||||||||||||||||||||||||
| (in millions, except per-share amounts) |
|
As Reported |
|
Restructuring Costs |
|
Transaction, Separation and Integration-Related Costs |
|
Amortization of Acquired Intangible Assets |
|
Gains and Losses on Dispositions |
|
Impairment Losses |
|
Debt Extinguishment Costs |
|
Pension and OPEB Actuarial and Settlement Losses |
|
Tax Adjustment |
|
Non-GAAP Results |
||||||||||||||||||||
| Income before income taxes |
|
$ |
342 |
|
$ |
248 |
|
$ |
23 |
|
$ |
325 |
|
$ |
(343 |
) |
|
$ |
10 |
|
$ |
311 |
|
$ |
7 |
|
$ |
— |
|
|
$ |
923 |
||||||||
| Income tax expense |
|
|
145 |
|
|
|
48 |
|
|
|
6 |
|
|
|
63 |
|
|
|
(91 |
) |
|
|
2 |
|
|
|
73 |
|
|
|
1 |
|
|
|
(18 |
) |
|
|
229 |
|
| Net income |
|
|
197 |
|
|
|
200 |
|
|
|
17 |
|
|
|
262 |
|
|
|
(252 |
) |
|
|
8 |
|
|
|
238 |
|
|
|
6 |
|
|
|
18 |
|
|
|
694 |
|
| Less: net income attributable to non-controlling interest, net of tax |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9 |
|
| Net income attributable to DXC common stockholders |
|
$ |
188 |
|
|
$ |
200 |
|
|
$ |
17 |
|
|
$ |
262 |
|
|
$ |
(252 |
) |
|
$ |
8 |
|
|
$ |
238 |
|
|
$ |
6 |
|
|
$ |
18 |
|
|
$ |
685 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
| Effective Tax Rate |
|
|
42.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24.8 |
% |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
| Basic EPS |
|
$ |
0.74 |
|
|
$ |
0.79 |
|
|
$ |
0.07 |
|
|
$ |
1.04 |
|
|
$ |
(1.00 |
) |
|
$ |
0.03 |
|
|
$ |
0.94 |
|
|
$ |
0.02 |
|
|
$ |
0.07 |
|
|
$ |
2.71 |
|
| Diluted EPS |
|
$ |
0.73 |
|
|
$ |
0.78 |
|
|
$ |
0.07 |
|
|
$ |
1.02 |
|
|
$ |
(0.98 |
) |
|
$ |
0.03 |
|
|
$ |
0.92 |
|
|
$ |
0.02 |
|
|
$ |
0.07 |
|
|
$ |
2.66 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
| Weighted average common shares outstanding for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
| Basic EPS |
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
|
|
252.44 |
|
| Diluted EPS |
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
|
|
257.59 |
|
