FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 30, 2023

FINANCIAL ASSETS AND LIABILITIES

Financial assets and financial liabilities measured at fair value on a recurring basis

	Fair Value
	Hierarchy	At June 30, 2023						At March 31, 2023
(Dollars in millions)	Level	Assets		Liabilities		Fair Value		Assets		Liabilities		Fair Value
Derivatives designated as hedging instruments:
Foreign exchange contracts	2	$	19	$	6	$	13	$	4	$	3	$	1
Derivatives not designated as hedging instruments:
Foreign exchange contracts	2		17		11		6		11		5		6
Total		$	36	$	17	$	19	$	15	$	9	$	6

Effect of Derivative Instruments in the Consolidated Income Statement - Designated

	Unrealized Gain (Loss)				Consolidated	Gain (Loss) Reclassified
(Dollars in millions)	Recognized in OCI				Income Statement	from AOCI to Income
Three months ended June 30:	2023		2022		Line Item	2023		2022
Foreign exchange contracts	$	15	$	(5)	Cost of services	$	1	$	1
Total	$	15	$	(5)		$	1	$	1

Effect of Derivative Instruments in the Consolidated Income Statement- Non designated

	Consolidated	Gain (Loss)
(Dollars in millions)	Income Statement	Recognized on Derivatives
Three months ended June 30:	Line Item	2023		2022
Foreign exchange contracts	Other expense (income)	$	(17)	$	(2)
Total		$	(17)	$	(2)