XML 45 R33.htm IDEA: XBRL DOCUMENT v3.24.3
WORKFORCE REBALANCING AND SITE-RATIONALIZATION CHARGES (Tables)
6 Months Ended
Sep. 30, 2024
WORKFORCE REBALANCING AND SITE-RATIONALIZATION CHARGES.  
Schedule of segment breakout of charges

Three Months Ended

Six Months Ended

Costs Incurred to Date

September 30,

September 30,

Fiscal 2025

Fiscal 2024

(Dollars in millions)

    

2024

    

2023

    

2024

    

2023

Program

    

Program

United States

$

21

$

3

$

41

$

15

$

42

$

41

Japan

2

3

2

3

4

Principal Markets(1)

9

18

14

38

12

141

Strategic Markets(1)

17

17

36

49

39

109

Sub-total

$

49

$

39

$

94

$

104

$

97

$

294

Corporate and other

3

13

Total charges

$

49

$

39

$

94

$

107

$

97

$

307

(1)Kyndryl’s operations in Australia/New Zealand transitioned from Principal Markets to Strategic Markets in the quarter ended June 30, 2024; historical segment information has been recast to reflect this change.
Summary of classification of workforce rebalancing and site-rationalization activities

Three Months Ended

Six Months Ended

Costs Incurred to Date

September 30,

September 30,

Fiscal 2025

Fiscal 2024

(Dollars in millions)

    

2024

    

2023

    

2024

    

2023

    

Program

    

Program

Cost of services

$

10

$

(3)

$

18

$

(3)

$

18

$

94

Selling, general and administrative expenses

3

2

13

2

25

Workforce rebalancing charges

39

39

74

97

77

187

Total charges

$

49

$

39

$

94

$

107

$

97

$

307

Schedule of components of and changes in workforce rebalancing and site-rationalization charges

Liabilities

Workforce

Related to

Rebalancing

Ceasing to Use

(Dollars in millions)

    

Liabilities*

Leased Assets

Total

Fiscal 2024 Program

Balance at March 31, 2024

$

28

$

$

28

Charges

Cash payments

(25)

(25)

Non-cash adjustments

(3)

(3)

Balance at September 30, 2024

$

$

$

Fiscal 2025 Program

Balance at March 31, 2024

$

$

$

Charges

78

20

97

Cash payments

(54)

(54)

Non-cash adjustments

(20)

(20)

Balance at September 30, 2024

$

23

$

$

23

*The Fiscal 2024 Program excludes workforce rebalancing liabilities inherited from our former Parent of $29 million as of March 31, 2024. Current-year movement excludes cash payments of $7 million and ending balance of $22 million related to actions initiated by our former Parent. Workforce rebalancing liabilities are recorded within other liabilities in the Consolidated Balance Sheet.