Income Taxes (Tables)

12 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Income from continuing operations before income taxes attributable to domestic and foreign operations

The amounts of income from continuing operations before income taxes attributable to domestic and foreign operations were as follows:

	Year Ended March 31,
(in millions)	2017		2016		2015
Domestic	$	787	$	729	$	737
Foreign	286		355		378
Income from continuing operations before income taxes	$	1,073	$	1,084	$	1,115

Income tax expense (benefit) from continuing operations

Income tax expense (benefit) from continuing operations consisted of the following:

	Year Ended March 31,
(in millions)	2017			2016			2015
Current:
Federal	$	215		$	285		$	284
State	30			50			37
Foreign	74			95			56
Total current	$	319		$	430		$	377
Deferred:
Federal	$	2		$	(86	)	$	(74	)
State	(5		)	(20		)	(12		)
Foreign	(18		)	(9		)	14
Total deferred	$	(21	)	$	(115	)	$	(72	)
Total:
Federal	$	217		$	199		$	210
State	25			30			25
Foreign	56			86			70
Total income tax expense from continuing operations	$	298		$	315		$	305

Schedule of effective income tax rate reconciliation

The income tax expense from continuing operations was reconciled to the tax expense computed at the U.S. federal statutory tax rate as follows:

	Year Ended March 31,
(in millions)	2017			2016			2015
Tax expense at U.S. federal statutory tax rate	$	376		$	379		$	390
Effect of international operations	(70		)	(77		)	(91		)
U.S. federal and state tax contingencies	—			8			1
Domestic manufacturing deduction	(23		)	(27		)	(23		)
State taxes, net of U.S. federal tax benefit	16			16			15
Valuation allowance	(16		)	3			8
Other, net	15			13			5
Income tax expense from continuing operations	$	298		$	315		$	305

Schedule of deferred tax assets and liabilities

The tax effects of the temporary differences from continuing operations were as follows:

	At March 31,
(in millions)	2017			2016
Deferred tax assets:
Modified accrual basis accounting for revenue	$	364		$	391
Share-based compensation	41			36
Accrued expenses	11			42
Net operating losses	149			135
Deductible state tax and interest benefits	19			17
Other	62			75
Total deferred tax assets	$	646		$	696
Valuation allowances	(89		)	(96		)
Total deferred tax assets, net of valuation allowance	$	557		$	600
Deferred tax liabilities:
Purchased software	$	207		$	100
Depreciation	3			4
Other intangible assets	116			39
Internally developed software	23			53
Total deferred tax liabilities	$	349		$	196
Net deferred tax asset	$	208		$	404

Roll-forward of uncertain tax positions

A roll-forward of the Company’s uncertain tax positions for all U.S. federal, state and foreign tax jurisdictions was as follows:

	At March 31,
(in millions)	2017			2016
Balance at beginning of year	$	143		$	134
Additions for tax positions related to the current year	13			22
Additions for tax positions from prior years	4			20
Reductions for tax positions from prior years	(9		)	(14		)
Settlement payments	(3		)	(16		)
Statute of limitations expiration	(13		)	(5		)
Translation and other	(3		)	2
Balance at end of year	$	132		$	143