FINANCIAL ASSETS AND LIABILITIES (Tables)

6 Months Ended

Sep. 30, 2023

FINANCIAL ASSETS AND LIABILITIES

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

	Fair Value
	Hierarchy	At September 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	$	18	$	4	$	14	$	4	$	3	$	1
Derivatives not designated as hedging instruments:
Foreign exchange contracts	2		19		14		5		11		5		6
Total		$	37	$	18	$	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 September 30:	2023		2022		Line Item	2023		2022
Foreign exchange contracts	$	11	$	—	Cost of services	$	4	$	—
Total	$	11	$	—		$	4	$	—

	Unrealized Gain (Loss)				Consolidated	Gain (Loss)
(Dollars in millions)	Recognized in OCI				Income Statement	Reclassified from AOCI
Six months ended September 30:	2023		2022		Line Item	2023		2022
Foreign exchange contracts	$	26	$	(5)	Cost of services	$	5	$	1
Total	$	26	$	(5)		$	5	$	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 September 30:	Line Item	2023		2022
Foreign exchange contracts	Other expense (income)	$	(36)	$	(14)
Total		$	(36)	$	(14)

	Consolidated	Gain (Loss)
(Dollars in millions)	Income Statement	Recognized on Derivatives
Six months ended September 30:	Line Item	2023		2022
Foreign exchange contracts	Other expense (income)	$	(53)	$	(16)
Total		$	(53)	$	(16)