DXC Technology Co
For the period ended Mar 31, 2024. Filed May 17, 2024.
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FY2024 · Filed May 17, 2024
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Item 2. Properties
Our corporate headquarters is located at a leased facility in Ashburn, VA. We own or lease numerous offices and data centers in approximately 360 locations around the world. We do not identify properties by segment, as they are interchangeable in nature and used by both segments.
We continue to reduce our space capacity at low utilization and sub-scale locations, exit co-locations, align locations by skill type and optimize our data center footprint. Where commercially reasonable and to the extent it is not needed for future expansion, we seek to sell, lease or sublease our excess space.
The following table provides a summary of properties we owned and leased as of March 31, 2024:
| Approximate Square Feet (in millions) | |||
|---|---|---|---|
| Geographic Area | Owned | Leased | Total |
| United States | 2.1 | 0.8 | 2.9 |
| EMEA | 0.9 | 2.8 | 3.7 |
| APAC | 0.9 | 1.8 | 2.7 |
| All other | 0.8 | 0.1 | 0.9 |
| Real estate in restructuring | — | 1.7 | 1.7 |
| Inactive space | 1.0 | 0.4 | 1.4 |
| Sublet space | 0.4 | — | 0.4 |
| Assets held for sale | 0.1 | — | 0.1 |
| Total | 6.2 | 7.6 | 13.8 |
| Approximate Square Feet (in millions) | |||
|---|---|---|---|
| Type | Owned | Leased | Total |
| Offices | 1.7 | 4.1 | 5.8 |
| Data centers | 3.0 | 1.4 | 4.4 |
| Real estate in restructuring | — | 1.7 | 1.7 |
| Inactive space | 1.0 | 0.4 | 1.4 |
| Sublet space | 0.4 | — | 0.4 |
| Assets held for sale | 0.1 | — | 0.1 |
| Total | 6.2 | 7.6 | 13.8 |
We believe that the facilities described above are suitable and adequate to meet our current and anticipated requirements. See Note 7 - "Property and Equipment," which provides additional information related to our land, buildings and leasehold improvements, and Note 5 - "Leases," which provides additional information related to our real estate lease commitments.
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