REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)

3 Months Ended

Jun. 30, 2022

REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

Schedule of revision to financial statements

	Three Months Ended June 30, 2021
Consolidated Income Statement (Dollars in millions)	As Previously Reported		Adjustments		As Revised
Cost of services	$	4,167	$	(5)	$	4,162
Total costs and expenses		5,070		(5)		5,065
Income (loss) before income taxes		(319)		5		(313)
Provision for income taxes		74		1		76
Net income (loss)		(393)		4		(389)

	Three Months Ended June 30, 2021
Consolidated Statement of Comprehensive Income (Loss) (Dollars in millions)	As Previously Reported		Adjustments		As Revised
Net income (loss)	$	(393)	$	4	$	(389)
Foreign currency translation adjustments		19		(2)		17
Other comprehensive income (loss), before tax		24		(2)		22
Other comprehensive income (loss), net of tax		23		(2)		21
Total comprehensive income (loss)		(370)		2		(368)

	At June 30, 2021
Consolidated Balance Sheet (Dollars in millions)	As Previously Reported		Adjustments		As Revised
Accrued contract costs	$	489	$	(76)	$	413
Total current liabilities		3,752		(76)		3,676
Other liabilities		278		19		297
Total liabilities		6,190		(57)		6,134
Net Parent investment		5,985		55		6,040
Accumulated other comprehensive income/(loss)		(1,163)		2		(1,161)
Total Net Parent investment		4,822		57		4,879
Total equity		4,875		57		4,932

	Three Months Ended June 30, 2021
Consolidated Statement of Cash Flows (Dollars in millions)	As Previously Reported		Adjustments		As Revised
Cash flows from operating activities:
Net income (loss)	$	(393)	$	4	$	(389)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Taxes (including items settled with Parent)		105		1		106
Other assets and other liabilities		(38)		(5)		(43)

	At June 30, 2021
Consolidated Statement of Equity (Dollars in millions)	As Previously Reported		Adjustments		As Revised
Net Parent investment	$	5,985	$	55	$	6,040
Accumulated other comprehensive income/(loss)		(1,163)		2		(1,161)
Total Net Parent investment		4,822		57		4,879
Total equity		4,875		57		4,932