Award vesting rights, percentage

  
Accumulated Other Comprehensive Loss  
The following table shows the changes in accumulated other comprehensive income (loss), net of taxes:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions) |  | Foreign Currency Translation Adjustments |  | Cash Flow Hedges |  | Available-for-sale Securities |  | Pension and Other Post-retirement Benefit Plans |  | Accumulated Other Comprehensive Loss |
| Balance at March 31, 2019 |  | $ | (517) |  |  | $ | (3) |  |  | $ | 9  |  |  | $ | 267  |  |  | $ | (244) |  |
| Current-period other comprehensive loss |  | (334) |  |  | (15) |  |  | —  |  | 0 | —  |  |  | (349) |  |
| Amounts reclassified from accumulated other comprehensive loss, net of taxes |  | —  |  |  | (2) |  |  | —  |  |  | (8) |  |  | (10) |  |
| Balance at March 31, 2020 |  | $ | (851) |  |  | $ | (20) |  |  | $ | 9  |  |  | $ | 259  |  |  | $ | (603) |  |
| Current-period other comprehensive income (loss) |  | 297  |  |  | 14  |  |  | (9) |  |  | —  |  |  | 302  |  |
| Amounts reclassified from accumulated other comprehensive income (loss), net of taxes |  | —  |  |  | 5  |  |  | —  |  |  | (6) |  |  | (1) |  |
| Balance at March 31, 2021 |  | $ | (554) |  |  | $ | (1) |  |  | $ | —  |  |  | $ | 253  |  |  | $ | (302) |  |
| Current-period other comprehensive (loss) income |  | (11) |  |  | 17  |  |  | —  |  |  | —  |  |  | 6  |  |
| Amounts reclassified from accumulated other comprehensive (loss) income, net of taxes(1) |  | (86) |  |  | (6) |  |  | —  |  |  | 3  |  |  | (89) |  |
| Balance at March 31, 2022 |  | $ | (651) |  |  | $ | 10  |  |  | $ | —  |  |  | $ | 256  |  |  | $ | (385) |  |

        (1)Includes net cumulative foreign currency translation losses of $86 million upon sale of foreign entities primarily related to the HPS business divestiture. See Note 3 – “Divestitures” for additional information.  
Note 17 - Stock Incentive Plans   
Equity Plans   
The Compensation Committee of the Board of Directors has broad authority to grant awards and otherwise administer the DXC Employee Equity Plan. The plan became effective March 30, 2017 and will continue in effect for a period of 10 years thereafter, unless terminated earlier by the Board. The Board has the authority to amend the plan in such respects as it deems desirable, subject to approval of DXC’s stockholders for material modifications.  
Restricted stock units ("RSUs") represent the right to receive one share of DXC common stock upon a future settlement date, subject to vesting and other terms and conditions of the award, plus any dividend equivalents accrued during the award period. In general, if the employee’s status as a full-time employee is terminated prior to the vesting of the RSU grant in full, then the RSU grant is automatically canceled on the termination date and any unvested shares and dividend equivalents are forfeited. Certain executives were awarded service-based "career share" RSUs for which the shares are settled over the 10 anniversaries following the executive's separation from service as a full-time employee, provided the executive complies with certain non-competition covenants during that period. The Company also grants PSUs, which generally vest over a period of three years. The number of PSUs that ultimately vest is dependent upon the Company’s achievement of certain specified financial performance criteria over a 3-year period. If the specified performance criteria are met, awards are settled for shares of DXC common stock and dividend equivalents upon the filing with the SEC of the Annual Report on Form 10-K for the last fiscal year of the performance period. PSU awards include the potential for up to 25% of the shares granted to be earned after the first and second fiscal years if certain of the Company's performance targets are met early, subject to vesting based on the participant's continued employment through the end of the three-year performance period.   
Beginning in fiscal 2021, DXC issued awards that are considered to have a market condition. A Monte Carlo simulation model was used for the valuation of the grants. Settlement of shares for these PSU awards will be made at the end of the third fiscal year subject to certain compounded annual growth rates of the stock price and continued employment through the last day of the third fiscal year.  
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