Divestitures (Tables)

12 Months Ended

Apr. 01, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following is a summary of the assets and liabilities of CSRA that have been classified as assets and liabilities of discontinued operations as of April 3, 2015:

(Amounts in millions)	April 3, 2015
Cash and cash equivalents	$	22
Receivables, net	691
Prepaid expenses and other current assets	93
Property and equipment, net	473
Software, net	33
Goodwill, net	833
Other assets	140
Total assets of the disposal group	$	2,285

(Amounts in millions)	April 3, 2015
Short-term debt and current maturities of long-term debt	$	21
Accounts payable	128
Accrued payroll and related costs	90
Accrued expenses and other current liabilities	291
Deferred revenue and advance contract payments	161
Long-term debt, net of current maturities	130
Other long-term liabilities	624
Total liabilities of the disposal group	$	1,445

The following selected financial information of CSRA is included in CSC's Consolidated Statements of Cash Flows:

	Twelve Months Ended
(Amounts in millions)	April 1, 2016(1)			April 3, 2015			March 28, 2014
Depreciation	$	75		$	114		$	121
Amortization	15			23			27
Capital expenditures	(75		)	(75		)	(107		)
Significant operating non-cash items:
Net gain on disposition of business	22			(3		)	64
Significant investing non-cash items:
Capital expenditures through capital lease obligations	—			(10		)	(43		)
Capital expenditures in accounts payable	(7		)	(14		)	(6		)
Disposition of assets	(8		)	1			—

⁽¹⁾ Selected financial information for the twelve-month period ended April 1, 2016 reflect cash flows through the Separation date of November 27, 2015, not the full twelve-month period as shown for prior periods.

The following is a summary of the operating results of CSRA which have been reflected within income from discontinued operations, net of tax:

	Twelve Months Ended
(Amounts in millions)	April 1, 2016(1)			April 3, 2015			March 28, 2014
Revenues	$	2,504		$	4,056		$	4,099
Costs of services	1,935			3,375			3,240
Selling, general and administrative	52			120			121
Depreciation and amortization	90			137			148
Restructuring costs	1			5			2
Separation and merger costs	103			—			—
Interest expense	15			22			19
Other (income) expense, net	(21		)	2			—
Income from discontinued operations before income taxes	329			395			569
Income tax expense	(138		)	(142		)	(209		)
Income from discontinued operations, net of tax	$	191		$	253		$	360

⁽¹⁾ Results for the twelve months ended April 1, 2016 only reflect operating results through the Separation date of November 27, 2015, not the full twelve-month period as shown for prior periods.

The following is a summary of the assets and liabilities distributed as part of the Separation of CSRA on November 27, 2015:

(Amounts in millions)
Assets:
Cash and cash equivalents	$	1,440
Receivables, net	470
Prepaid expenses and other current assets	83
Property and equipment, net	472
Software, net	39
Goodwill, net	826
Other assets	185
Total assets	$	3,515
Liabilities:
Short-term debt and current maturities of long-term debt	$	71
Accounts payable	45
Accrued payroll and related costs	109
Accrued expenses and other current liabilities	300
Deferred revenue and advance contract payments	137
Long-term debt, net of current maturities	1,631
Other long-term liabilities	555
Total liabilities	$	2,848
Net assets distributed	$	667

Summary of Discontinued Operations

Following is the summary of the results of the discontinued operations:

	Twelve Months Ended
(Amounts in millions)	April 1, 2016		April 3, 2015			March 28, 2014
Operations
Revenues	$	2,504	$	4,066		$	4,334
Income from discontinued operations, before tax	329		384			578
Income tax expense	138		142			216
Net income from discontinued operations, net of tax	191		242			362
Disposal
(Loss) gain on disposition	$	—	$	(21	)	$	101
Income tax (benefit) expense	—		(3		)	15
(Loss) gain on disposition, net of taxes	—		(18		)	86
Income from discontinued operations, net of tax	$	191	$	224		$	448