FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 30, 2022

FINANCIAL ASSETS AND LIABILITIES

Effect of Derivative Instruments in the Combined Income Statement

					Gains (Losses) from
(Dollars in millions)	Total				Hedge Activity
For the three months ended June 30:	2022		2021		2022		2021
Cost of services	$	3,677	$	4,162	$	1	$	—
Selling, general and administrative expenses		694		714		—		—
Other expense (income)		(3)		11		(2)		—

	Gain (Loss) Recognized in Consolidated Income Statement
(Dollars in millions)	Consolidated	Recognized on				Attributable to Risk
For the three months	Income Statement	Derivatives				Being Hedged
ended June 30:	Line Item	2022		2021		2022		2021
Derivative instruments not designated as hedging instruments:
Foreign exchange contracts	Other expense (income)	$	(2)	$	—		NA		NA
Total		$	(2)	$	—	$	—	$	—

	Gain (Loss) Recognized in Consolidated Income Statement and Other Comprehensive Income
(Dollars in millions)	Recognized				Consolidated	Reclassified
For the three months	in OCI				Income Statement	from AOCI
ended June 30:	2022		2021		Line Item	2022		2021
Derivative instruments in cash flow hedges:
Foreign exchange contracts	$	(5)	$	—	Cost of services	$	1	$	—
					Selling, general and administrative expenses				—
					Other expense (income)				—
Total	$	(5)	$	—		$	1	$	—

NA - not applicable