REVENUE RECOGNITION (Tables)

12 Months Ended

Mar. 31, 2024

REVENUE RECOGNITION

Schedule of reconciliation of contract balances

	At March 31,
(Dollars in millions)	2024		2023
Accounts receivable (net of allowances for credit losses of $22 at March 31, 2024 and $32 at March 31, 2023) *	$	1,599	$	1,523
Contract assets **		30		30
Deferred income (current)		825		820
Deferred income (noncurrent)		314		362

* Including unbilled receivable balances of $377 million at March 31, 2024 and $384 million at March 31, 2023.

** Contract assets represent services performed by the Company prior to billing the client, which give the Company the right to consideration that is typically subject to milestone completion or client acceptance. They are included within prepaid expenses and other current assets in the Consolidated Balance Sheet.

Schedule of notes and accounts receivable allowance for expected credit losses

					Three Months
					Ended		Year Ended
	Year Ended March 31,				March 31,		December 31,
(Dollars in millions)	2024		2023		2022		2021
Beginning balance	$	32	$	44	$	44	$	91
Additions (releases)		4		6		6		(23)
Write-offs		(4)		(13)		(4)		(5)
Other *		(9)		(5)		(2)		(19)
Ending balance	$	22	$	32	$	44	$	44

* Primarily represents translation adjustments.

Schedule of capitalized costs to acquire and fulfill customer contracts

	At March 31,
(Dollars in millions)	2024		2023
Deferred transition costs	$	753	$	856
Prepaid software costs		770		782
Capitalized costs to fulfill contracts		212		285
Capitalized costs to obtain contracts		265		313
Total deferred costs *	$	2,000	$	2,236

* Of the total deferred costs, $1,081 million was current and $920 million was noncurrent at March 31, 2024, and $1,070 million was current and $1,166 million was noncurrent at March 31, 2023.