Year-over-Year Organic Revenue Growth
|
||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||
|
|
December 31, 2022 |
|
December 31, 2021 |
|
December 31, 2022 |
|
December 31, 2021 |
||||
Total revenue growth |
|
(12.8 |
)% |
|
(4.6 |
)% |
|
(11.6 |
)% |
|
(8.1 |
)% |
Foreign currency |
|
6.6 |
% |
|
1.0 |
% |
|
6.6 |
% |
|
(2.1 |
)% |
Acquisitions and divestitures |
|
2.4 |
% |
|
2.2 |
% |
|
2.4 |
% |
|
7.6 |
% |
Organic revenue growth |
|
(3.8 |
)% |
|
(1.4 |
)% |
|
(2.6 |
)% |
|
(2.6 |
)% |
|
|
|
|
|
|
|
|
|
||||
GBS revenue growth |
|
(10.7 |
)% |
|
1.3 |
% |
|
(8.7 |
)% |
|
(10.0 |
)% |
Foreign currency |
|
6.4 |
% |
|
1.3 |
% |
|
6.6 |
% |
|
(1.5 |
)% |
| Acquisitions and divestitures |
|
4.5 |
% |
|
4.4 |
% |
|
4.2 |
% |
|
15.5 |
% |
| GBS organic revenue growth |
|
0.2 |
% |
|
7.0 |
% |
|
2.1 |
% |
|
4.0 |
% |
|
|
|
|
|
|
|
|
|
|
||||
| GIS revenue growth |
|
(14.7 |
)% |
|
(9.5 |
)% |
|
(14.1 |
)% |
|
(6.5 |
)% |
| Foreign currency |
|
6.7 |
% |
|
0.9 |
% |
|
6.7 |
% |
|
(2.5 |
)% |
| Acquisitions and divestitures |
|
0.6 |
% |
|
0.3 |
% |
|
0.6 |
% |
|
0.5 |
% |
| GIS organic revenue growth |
|
(7.4 |
)% |
|
(8.3 |
)% |
|
(6.8 |
)% |
|
(8.5 |
)% |
|
EBIT and Adjusted EBIT
|
||||||||||||||||
|
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||
| (in millions) |
|
December 31, 2022 |
|
December 31, 2021 |
|
December 31, 2022 |
|
December 31, 2021 |
||||||||
| Net income |
|
$ |
61 |
|
|
$ |
102 |
|
|
$ |
192 |
|
|
$ |
197 |
|
| Income tax expense |
|
|
41 |
|
|
|
64 |
|
|
|
86 |
|
|
|
145 |
|
| Interest income |
|
|
(41 |
) |
|
|
(15 |
) |
|
|
(89 |
) |
|
|
(51 |
) |
| Interest expense |
|
|
56 |
|
|
|
38 |
|
|
|
137 |
|
|
|
161 |
|
| EBIT |
|
|
117 |
|
|
|
189 |
|
|
|
326 |
|
|
|
452 |
|
| Restructuring costs |
|
|
49 |
|
|
|
36 |
|
|
|
135 |
|
|
|
248 |
|
| Transaction, separation and integration-related costs |
|
|
6 |
|
|
|
11 |
|
|
|
12 |
|
|
|
23 |
|
| Amortization of acquired intangible assets |
|
|
100 |
|
|
|
106 |
|
|
|
305 |
|
|
|
325 |
|
| Merger related indemnification |
|
|
11 |
|
|
|
— |
|
|
|
21 |
|
|
|
— |
|
| SEC Matter |
|
|
— |
|
|
|
— |
|
|
|
8 |
|
|
|
— |
|
| Losses (gains) on dispositions |
|
|
9 |
|
|
|
4 |
|
|
|
12 |
|
|
|
(343 |
) |
| Arbitration loss |
|
|
9 |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
| Impairment losses |
|
|
8 |
|
|
|
— |
|
|
|
8 |
|
|
|
10 |
|
| Debt extinguishment costs |
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
311 |
|
| Pension and OPEB actuarial and settlement losses |
|
|
— |
|
|
|
7 |
|
|
|
1 |
|
|
|
7 |
|
| Adjusted EBIT |
|
$ |
309 |
|
|
$ |
355 |
|
|
$ |
837 |
|
|
$ |
1,033 |
|
|
|
|
|
|
|
|
|
|
|
||||||||
| EBIT margin |
|
|
3.3 |
% |
|
|
4.6 |
% |
|
|
3.0 |
% |
|
|
3.7 |
% |
| Adjusted EBIT margin |
|
|
8.7 |
% |
|
|
8.7 |
% |
|
|
7.7 |
% |
|
|
8.4 |
% |
