SEGMENTS (Tables)

3 Months Ended

Jun. 30, 2023

SEGMENTS

Summary of results of segments

	Three Months Ended June 30,
(Dollars in millions)	2023		2022
Revenue
United States	$	1,164	$	1,168
Japan		610		634
Principal Markets		1,484		1,516
Strategic Markets		935		970
Total revenue	$	4,193	$	4,288
Segment adjusted EBITDA
United States	$	236	$	200
Japan		100		115
Principal Markets		167		100
Strategic Markets		133		96
Total segment adjusted EBITDA	$	636	$	511

Summary of reconciliation of adjusted EBITDA to consolidated pretax income (loss)

	Three Months Ended June 30,
(Dollars in millions)	2023		2022
Segment adjusted EBITDA	$	636	$	511
Workforce rebalancing charges		(58)		(4)
Charges related to ceasing to use leased/fixed assets and lease terminations		(10)		—
Transaction-related costs		(42)		(103)
Stock-based compensation expense		(22)		(26)
Interest expense		(29)		(20)
Depreciation of property, equipment and capitalized software		(210)		(228)
Amortization expense		(333)		(308)
Corporate expense not allocated to the segments		(24)		(20)
Other adjustments*		(16)		(9)
Pretax income (loss)	$	(109)	$	(205)

* Other adjustments represent pension costs other than pension servicing costs and multi-employer plan costs, significant litigation costs, and foreign currency impacts of highly inflationary countries.