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Investigations and Out of Period Adjustments (Tables)
 6 Months Ended
Oct. 03, 2014
Out of period adjustments [Abstract]  
Out of period adjustments
The impact of out of period adjustments recorded during fiscal 2015 on select line items of the unaudited Consolidated Condensed Statements of Operations for the quarter and six months ended October 3, 2014, using the rollover method, is shown below:
 
 
Quarter Ended October 3, 2014
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
3,080

 
$
(5
)
 
$
3,075

Costs of services (excludes depreciation and amortization and restructuring costs)
 
2,207

 
(8
)
 
2,199

Selling, general and administrative
 
346

 
—

 
346

Depreciation and amortization
 
252

 
(1
)
 
251

Restructuring costs
 
(7
)
 
—

 
(7
)
Interest expense
 
36

 
—

 
36

Interest income
 
(5
)
 
—

 
(5
)
Other expense, net
 
6

 
—

 
6

Income from continuing operations before taxes
 
245

 
4

 
249

Taxes on income
 
68

 
4

 
72

Income from continuing operations
 
177

 
—

 
177

Loss from discontinued operations, net of taxes
 
(21
)
 
(2
)
 
(23
)
Net income attributable to CSC common stockholders
 
151

 
(2
)
 
149

EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
1.18

 
$
—

 
$
1.18

Discontinued operations
 
(0.14
)
 
(0.01
)
 
(0.15
)
Total
 
$
1.04

 
$
(0.01
)
 
$
1.03


 
 
Six Months Ended October 3, 2014
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
6,317

 
$
9

 
$
6,326

Costs of services (excludes depreciation and amortization and restructuring costs)
 
4,571

 
22

 
4,593

Selling, general and administrative
 
690

 
—

 
690

Depreciation and amortization
 
524

 
(1
)
 
523

Restructuring costs
 
3

 
—

 
3

Interest expense
 
75

 
—

 
75

Other expense, net
 
5

 
—

 
5

Income from continuing operations before taxes
 
459

 
(12
)
 
447

Taxes on income
 
123

 
(3
)
 
120

Income from continuing operations
 
336

 
(9
)
 
327

Loss from discontinued operations, net of taxes
 
(29
)
 
2

 
(27
)
Net income attributable to CSC common stockholders
 
297

 
(7
)
 
290

EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
2.22

 
$
(0.06
)
 
$
2.16

Discontinued operations
 
(0.20
)
 
0.01

 
(0.19
)
Total
 
$
2.02

 
$
(0.05
)
 
$
1.97

The impact of out of period adjustments recorded during fiscal 2014, and the first six months of fiscal 2015, on select line items of the unaudited Consolidated Condensed Statements of Operations for the quarter and first six months ended September 27, 2013, using the rollover method, is shown below:
 
 
Quarter Ended September 27, 2013
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
3,187

 
$
11

 
$
3,198

Costs of services (excludes depreciation and amortization and restructuring costs)
 
2,317

 
(15
)
 
2,302

Selling, general and administrative
 
314

 
(4
)
 
310

Depreciation and amortization
 
248

 
(1
)
 
247

Restructuring costs
 
15

 
—

 
15

Interest expense
 
35

 
—

 
35

Interest income
 
(3
)
 
—

 
(3
)
Other (income) expense
 
22

 
—

 
22

Income from continuing operations before taxes
 
239

 
31

 
270

Taxes on income
 
77

 
(5
)
 
72

Income from continuing operations
 
162

 
36

 
198

Income from discontinued operations, net of taxes
 
80

 
2

 
82

Net income attributable to CSC common stockholders
 
232

 
38

 
270

EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
1.01

 
$
0.24

 
$
1.25

Discontinued operations
 
0.53

 
0.01

 
0.54

Total
 
$
1.54

 
$
0.25

 
$
1.79



 
 
Six Months Ended September 27, 2013
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
6,441

 
$
23

 
$
6,464

Costs of services (excludes depreciation and amortization and restructuring costs)
 
4,754

 
9

 
4,763

Selling, general and administrative
 
602

 
—

 
602

Depreciation and amortization
 
502

 
(1
)
 
501

Restructuring costs
 
22

 
2

 
24

Interest expense
 
74

 
—

 
74

Other (income) expense
 
21

 
—

 
21

Income from continuing operations before taxes
 
473

 
13

 
486

Taxes on income
 
150

 
(20
)
 
130

Income from continuing operations
 
323

 
33

 
356

Income from discontinued operations, net of taxes
 
96

 
3

 
99

Net income attributable to CSC common stockholders
 
406

 
36

 
442

EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
2.05

 
$
0.22

 
$
2.27

Discontinued operations
 
0.63

 
0.02

 
0.65

Total
 
$
2.68

 
$
0.24

 
$
2.92


For the six months ended October 3, 2014, the out of period impact on the unaudited Consolidated Condensed Balance Sheet of the adjustments included in income from continuing operations before taxes under the roll over method is shown below:
(Amounts in million)
 
Increase/(Decrease)
 
October 3, 2014
Receivable, net of allowance for doubtful accounts
 
Increase
 
$
5

Property and Equipment
 
Decrease
 
1

Software, net of accumulated amortization
 
Decrease
 
1

Outsourcing contract costs, net of accumulated amortization
 
Increase
 
2

Other assets
 
Decrease
 
3

Accrued expenses and other current liabilities
 
Decrease
 
14

Deferred revenue and advance contract payments
 
Increase
 
4

The rollover impact on the pre-tax income (loss) from continuing operations of the recorded out of period adjustments in the first quarter of fiscal 2015, fiscal 2014 and fiscal 2013 is attributable to the following prior fiscal years:
 
 
Increase/(Decrease)
 
 
(Amounts in millions)
 
Fiscal 2013 Adjustments
 
Fiscal 2014 Adjustments
 
First Six Months Fiscal 2015 Adjustments
 
Total Adjustments
Fiscal 2015
 
$
—

 
$
—

 
$
(12
)
 
$
(12
)
Fiscal 2014
 
—

 
(2
)
 
13

 
11

Fiscal 2013
 
6

 
4

 
(1
)
 
9

Prior fiscal years (unaudited)
 
(6
)
 
(2
)
 
—

 
(8
)

For the six months ended September 27, 2013, the out of period impact on the unaudited Consolidated Condensed Balance Sheet of the adjustments included in income from continuing operations before taxes under the roll over method is shown below:
(Amounts in million)
 
Increase/(Decrease)
 
September 27, 2013
Receivable, net of allowance for doubtful accounts
 
Decrease
 
$
8

Prepaid expenses and other current assets
 
Increase
 
6

Property and Equipment
 
Decrease
 
1

Software, net of accumulated amortization
 
Decrease
 
1

Other assets
 
Increase
 
1

Accrued payroll and related costs
 
Decrease
 
5

Accrued expenses and other current liabilities
 
Decrease
 
13

Deferred revenue and advance contract payments
 
Increase
 
$
28