Debt repurchased

  
Note 14 - Debt  
The following is a summary of the Company's debt:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | As of |
|  | (in millions) |  | Interest Rates |  | Fiscal Year Maturities |  | March 31, 2022(1) |  | March 31, 2021(1) |
|  | Short-term debt and current maturities of long-term debt |  |  |  |  |  |  |  |  |
|  | Commercial paper(2) |  | (0.40)% - (0.27)% |  | 2023 |  | $ | 362  |  |  | $ | 213  |  |
|  | Current maturities of long-term debt |  | Various |  | 2023 |  | 249  |  |  | 556  |  |
|  | Current maturities of finance lease liabilities |  | 0.23% - 12.79% |  | 2023 |  | 289  |  |  | 398  |  |
|  | Short-term debt and current maturities of long-term debt |  |  |  |  |  | $ | 900  |  |  | $ | 1,167  |  |
|  |  |  |  |  |  |  |  |  |  |
|  | Long-term debt, net of current maturities |  |  |  |  |  |  |  |  |
|  | €650 million Senior notes |  | 1.75% |  | 2026 |  | 720  |  |  | 760  |  |
|  | $700 million Senior notes |  | 1.80% |  | 2027 |  | 694  |  |  | —  |  |
|  | €750 Senior notes |  | 0.45% |  | 2028 |  | 828  |  |  | —  |  |
|  | $650 million Senior notes |  | 2.375% |  | 2029 |  | 644  |  |  | —  |  |
|  | €600 Senior notes |  | 0.95% |  | 2032 |  | 661  |  |  | —  |  |
|  | EUR term loan |  | 0.80% |  | 2023 - 2024 |  | —  |  |  | 469  |  |
|  | $274 million Senior notes |  | 4.45% |  | 2023 |  | —  |  |  | 154  |  |
|  | $171 million Senior notes |  | 4.45% |  | 2023 |  | —  |  |  | 165  |  |
|  | $500 million Senior notes |  | 4.25% |  | 2025 |  | —  |  |  | 504  |  |
|  |  |  |  |  |  |  |  |  |  |
|  | $500 million Senior notes |  | 4.13% |  | 2026 |  | —  |  |  | 496  |  |
|  | £250 million Senior notes |  | 2.75% |  | 2025 |  | —  |  |  | 343  |  |
|  | $500 million Senior notes |  | 4.75% |  | 2028 |  | —  |  |  | 506  |  |
|  | $234 million Senior notes |  | 7.45% |  | 2030 |  | —  |  |  | 268  |  |
|  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
|  | Finance lease liabilities |  | 0.23% - 12.79% |  | 2023 - 2027 |  | 643  |  |  | 894  |  |
|  | Borrowings for assets acquired under long-term financing |  | 0.00% - 6.78% |  | 2023 - 2026 |  | 344  |  |  | 672  |  |
|  | Mandatorily redeemable preferred stock outstanding |  | 6.00% |  | 2023 |  | 63  |  |  | 63  |  |
|  | Other borrowings |  | Various |  | 2023 - 2024 |  | 6  |  |  | 5  |  |
|  | Long-term debt |  |  |  |  |  | 4,603  |  |  | 5,299  |  |
|  | Less: current maturities |  |  |  |  |  | 538  |  |  | 954  |  |
|  | Long-term debt, net of current maturities |  |  |  |  |  | $ | 4,065  |  |  | $ | 4,345  |  |

.          
(1)The carrying amounts of the senior term loans and notes as of March 31, 2022 and March 31, 2021, include the remaining principal outstanding of $3,575 million and $3,631 million, respectively, net of total unamortized debt (discounts) and premiums, and deferred debt issuance costs of $(28) million and $34 million, respectively.(2) At DXC's option, DXC can borrow up to a maximum of €1 billion or its equivalent in €, £, and $.  
Senior Notes and Term Loans  
During the first quarter of fiscal 2022, the Company used the proceeds from the sale of its HPS business to complete the redemption of the remaining $319 million of the two series of 4.45% senior notes due fiscal 2023. The Company also repurchased $33 million of its 4.125% senior notes due fiscal 2026 using the proceeds from the divestitures of other insignificant businesses and existing cash on hand and the remainder of these notes were subsequently redeemed in full.  
105
