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Investigations and Out of Period Adjustments (Tables)
 9 Months Ended
Jan. 02, 2015
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 nine months ended January 2, 2015, using the rollover method, is shown below:
 
 
Quarter Ended January 2, 2015
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
2,947

 
$
(1
)
 
$
2,946

Costs of services (excludes depreciation and amortization and restructuring costs)
 
2,530

 
3

 
2,533

Selling, general and administrative
 
356

 
—

 
356

Depreciation and amortization
 
238

 
—

 
238

Restructuring costs
 
12

 
—

 
12

Interest expense
 
37

 
—

 
37

Interest income
 
(4
)
 
—

 
(4
)
Other expense, net
 
1

 
—

 
1

Income from continuing operations before taxes
 
(418
)
 
(4
)
 
(422
)
Taxes on income
 
(105
)
 
6

 
(99
)
Income (loss) from continuing operations
 
(313
)
 
(10
)
 
(323
)
Loss from discontinued operations, net of taxes
 
—

 
—

 
—

Net income (loss) attributable to CSC common stockholders
 
(314
)
 
(10
)
 
(324
)
EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
(2.23
)
 
$
(0.07
)
 
$
(2.30
)
Discontinued operations
 
—

 
—

 
—

Total
 
$
(2.23
)
 
$
(0.07
)
 
$
(2.30
)

 
 
Nine Months Ended January 2, 2015
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
9,264

 
$
9

 
$
9,273

Costs of services (excludes depreciation and amortization and restructuring costs)
 
7,101

 
22

 
7,123

Selling, general and administrative
 
1,046

 
—

 
1,046

Depreciation and amortization
 
762

 
(1
)
 
761

Restructuring costs
 
15

 
—

 
15

Interest expense
 
112

 
—

 
112

Other expense, net
 
6

 
—

 
6

Income (loss) from continuing operations before taxes
 
41

 
(12
)
 
29

Taxes on income
 
18

 
5

 
23

Income from continuing operations
 
23

 
(17
)
 
6

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

 
(27
)
Net income (loss) attributable to CSC common stockholders
 
(17
)
 
(15
)
 
(32
)
EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
0.08

 
$
(0.12
)
 
$
(0.04
)
Discontinued operations
 
(0.20
)
 
0.01

 
(0.19
)
Total
 
$
(0.12
)
 
$
(0.11
)
 
$
(0.23
)


For the nine months ended January 2, 2015, 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
 
January 2, 2015
Receivable, net of allowance for doubtful accounts
 
Increase
 
$
5

Property and Equipment
 
Decrease
 
1

Software, net of accumulated amortization
 
Decrease
 
2

Outsourcing contract costs, net of accumulated amortization
 
Increase
 
2

Other assets
 
Decrease
 
3

Accrued expenses and other current liabilities
 
Decrease
 
15

Deferred revenue and advance contract payments
 
Increase
 
4

The impact of out of period adjustments recorded during fiscal 2014, and the first nine months of fiscal 2015, on select line items of the unaudited Consolidated Condensed Statements of Operations for the quarter and first nine months ended December 27, 2013, using the rollover method, is shown below:
 
 
Quarter Ended December 27, 2013
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
3,228

 
$
(5
)
 
$
3,223

Costs of services (excludes depreciation and amortization and restructuring costs)
 
2,261

 
8

 
2,269

Selling, general and administrative
 
318

 
(1
)
 
317

Depreciation and amortization
 
251

 
—

 
251

Restructuring costs
 
11

 
—

 
11

Interest expense
 
38

 
—

 
38

Interest income
 
(4
)
 
—

 
(4
)
Other (income) expense
 
(5
)
 
—

 
(5
)
Income from continuing operations before taxes
 
358

 
(12
)
 
346

Taxes on income
 
77

 
(4
)
 
73

Income from continuing operations
 
281

 
(8
)
 
273

Income from discontinued operations, net of taxes
 
(5
)
 
(3
)
 
(8
)
Net income attributable to CSC common stockholders
 
271

 
(11
)
 
260

EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
1.84

 
$
(0.05
)
 
$
1.79

Discontinued operations
 
(0.03
)
 
(0.02
)
 
(0.05
)
Total
 
$
1.81

 
$
(0.07
)
 
$
1.74



 
 
Nine Months Ended December 27, 2013
(Amounts in millions, except per-share amounts)
 
As Reported
 
Adjustments
Increase/
(Decrease)
 
Amount Adjusted
for Removal
of Errors
Revenue
 
$
9,669

 
$
17

 
$
9,686

Costs of services (excludes depreciation and amortization and restructuring costs)
 
7,015

 
16

 
7,031

Selling, general and administrative
 
920

 
—

 
920

Depreciation and amortization
 
753

 
(1
)
 
752

Restructuring costs
 
33

 
2

 
35

Interest expense
 
112

 
—

 
112

Other (income) expense
 
16

 
—

 
16

Income from continuing operations before taxes
 
831

 
—

 
831

Taxes on income
 
227

 
(24
)
 
203

Income from continuing operations
 
604

 
24

 
628

Income from discontinued operations, net of taxes
 
91

 
—

 
91

Net income attributable to CSC common stockholders
 
677

 
24

 
701

EPS – Diluted
 
 
 
 
 
 
Continuing operations
 
$
3.88

 
$
0.16

 
$
4.04

Discontinued operations
 
0.60

 
—

 
0.60

Total
 
$
4.48

 
$
0.16

 
$
4.64


For the nine months ended December 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
 
December 27, 2013
Receivable, net of allowance for doubtful accounts
 
Decrease
 
$
6

Prepaid expenses and other current assets
 
Increase
 
1

Property and Equipment
 
Decrease
 
1

Other assets
 
Increase
 
1

Accrued payroll and related costs
 
Decrease
 
9

Accrued expenses and other current liabilities
 
Decrease
 
18

Deferred revenue and advance contract payments
 
Increase
 
22

The rollover impact on the pre-tax income (loss) from continuing operations of the recorded out of period adjustments in the first nine months 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 Nine 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
)