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Basis of Presentation
 9 Months Ended
Dec. 28, 2012
Basis of Presentation [Abstract]  
Basis of Presentation
Basis of Presentation

Computer Sciences Corporation (CSC or the Company) has prepared the interim period unaudited Consolidated Condensed Financial Statements included herein, as of and for the quarter and nine months ended December 28, 2012, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP) have been condensed or omitted pursuant to such rules and regulations. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Condensed Financial Statements and the accompanying notes. It is recommended that these Consolidated Condensed Financial Statements be read in conjunction with the financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended March 30, 2012 (fiscal 2012). In the opinion of management, the unaudited Consolidated Condensed Financial Statements included herein reflect all adjustments necessary, including those of a normal recurring nature, to present fairly the financial position, the results of operations and the cash flows for such interim periods. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

The Consolidated Condensed Statements of Operations for the quarter and the nine months ended December 30, 2011 have been recast from those presented in previously filed Forms 10-Q to reflect discontinued operations of the two businesses sold in fiscal 2013 (see Note 3).

Income from continuing operations, before taxes and non-controlling interest, and diluted earnings per share from continuing operations included the following adjustments due to changes in estimated profitability on long-term contracts accounted for under the percentage-of-completion method:
 
 
Quarter Ended
 
Nine Months Ended
(Amounts in millions, except per-share data)
 
December 28, 2012
 
December 30, 2011
 
December 28, 2012
 
December 30, 2011
Gross favorable
 
$
26

 
$
—

 
$
90

 
$
47

Gross unfavorable (1)
 
(44
)
 
(81
)
 
(104
)
 
(179
)
Total net adjustments, before taxes and non-controlling interest
 
$
(18
)
 
$
(81
)
 
$
(14
)
 
$
(132
)
 
 
 
 
 
 
 
 
 
Impact on diluted EPS from continuing operations
 
$
(0.18
)
 
$
(0.43
)
 
$
(0.20
)
 
$
(0.80
)

(1) Fiscal 2012 does not include the contract charge related to the Company’s contract with the NHS of $1,485 million (see Note 17).

Unbilled recoverable amounts under contracts in progress do not have an allowance for credit losses, and therefore, any adjustments to unbilled recoverable amounts under contracts in progress related to credit quality would be accounted for as a reduction of revenue. Unbilled recoverable amounts under contracts in progress resulting from sales primarily to the United States (U.S.) and other governments that are expected to be collected after one year totaled $53 million and $78 million as of December 28, 2012 and March 30, 2012, respectively.

Depreciation expense was $176 million and $538 million for the quarter and nine months ended December 28, 2012, respectively, and $201 million and $568 million for the quarter and nine months ended December 30, 2011, respectively.

The changes in accumulated other comprehensive loss are as follows:
(Amounts in millions)
 
Foreign Currency Translation Adjustments
 
Pension and Other Postretirement Benefit Plans
 
Accumulated Other Comprehensive Loss
Balance at March 30, 2012
 
$
160

 
$
(1,253
)
 
$
(1,093
)
Current-period other comprehensive (loss) income, net of taxes and non-controlling interest
 
(86
)
 
67

 
(19
)
Balance at December 28, 2012
 
$
74

 
$
(1,186
)
 
$
(1,112
)