REVENUE RECOGNITION (Tables)

3 Months Ended

Jun. 30, 2022

REVENUE RECOGNITION

Schedule of reconciliation of contract balances

	June 30,		March 31,
(Dollars in millions)	2022		2022
Accounts receivable (net of allowances of $34 at June 30, 2022 and $44 at March 31, 2022) *	$	1,902	$	2,271
Contract assets **		31		41
Deferred income (current)		774		882
Deferred income (noncurrent)		413		452

* Included unbilled receivable balances of $446 million at June 30, 2022 and $473 million at March 31, 2022.

** Included within prepaid expenses and other current assets in the Consolidated Balance Sheet.

Schedule of notes and accounts receivable - trade allowance for credit losses

	Three Months Ended		Three Months Ended
(Dollars in millions)	June 30, 2022		March 31, 2022
Beginning balance	$	44	$	44
Additions (releases)		(2)		6
Write-offs		(1)		(4)
Other *		(7)		(2)
Ending balance	$	34	$	44

* Primarily represents currency translation adjustments.

Schedule of capitalized costs to acquire and fulfill customer contracts

	June 30,		March 31,
(Dollars in millions)	2022		2022
Deferred transition costs	$	894	$	961
Prepaid software costs		753		806
Capitalized costs to fulfill contracts		296		302
Capitalized costs to obtain contracts		307		318
Total deferred costs *	$	2,250	$	2,387

* Of the total deferred costs, $1,092 million was current and $1,158 million was noncurrent at June 30, 2022, and $1,143 million was current and $1,244 million was noncurrent at March 31, 2022.