0001104659-26-015713 | 10-K/A | XBRL Viewer

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
Mar. 31, 2025	May 23, 2025	Sep. 30, 2024
Document and Entity Information
Document Type	10-K/A
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2025
Entity File Number	001-40853
Entity Registrant Name	Kyndryl Holdings, Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1185492
Entity Address, Address Line One	One Vanderbilt Avenue, 15th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	855
Local Phone Number	596-3795
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	KD
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		229,944,566
Entity Public Float			$ 5.3
Entity Central Index Key	0001867072
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Financial Statement Error Correction [Flag]	false
Documents Incorporated by Reference [Text Block]	Portions of the registrant’s Proxy Statement relating to the registrant’s 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	New York, New York

Label

Element

Value

Duration of Contractual Commitments

kd_DurationOfContractualCommitments

2 years

Duration of Contractual Commitments

kd_DurationOfContractualCommitments

3 years

Workforce Rebalancing Costs

kd_WorkforceRebalancingCosts

$ 114,000,000

Workforce Rebalancing Costs

kd_WorkforceRebalancingCosts

138,000,000

Workforce Rebalancing Costs

kd_WorkforceRebalancingCosts

71,000,000

Other Income and Expense

kd_OtherIncomeAndExpense

27,000,000

Other Income and Expense

kd_OtherIncomeAndExpense

45,000,000

Other Income and Expense

kd_OtherIncomeAndExpense

35,000,000

Expense and Other Income

kd_ExpenseAndOtherIncome

14,622,000,000

Expense and Other Income

kd_ExpenseAndOtherIncome

16,221,000,000

Expense and Other Income

kd_ExpenseAndOtherIncome

17,876,000,000

Accrued Liabilities and Other Liabilities, Current

kd_AccruedLiabilitiesAndOtherLiabilitiesCurrent

454,000,000

Accrued Liabilities and Other Liabilities, Current

kd_AccruedLiabilitiesAndOtherLiabilitiesCurrent

521,000,000

Amortization of Transition Costs and Prepaid Software

kd_AmortizationOfTransitionCostsAndPrepaidSoftware

1,278,000,000

Amortization of Transition Costs and Prepaid Software

kd_AmortizationOfTransitionCostsAndPrepaidSoftware

1,256,000,000

Amortization of Transition Costs and Prepaid Software

kd_AmortizationOfTransitionCostsAndPrepaidSoftware

1,199,000,000

Gain (Loss) on Disposition of Assets and Other

kd_GainLossOnDispositionOfAssetsAndOther

152,000,000

Gain (Loss) on Disposition of Assets and Other

kd_GainLossOnDispositionOfAssetsAndOther

(43,000,000)

Gain (Loss) on Disposition of Assets and Other

kd_GainLossOnDispositionOfAssetsAndOther

(6,000,000)

Increase (Decrease) in Right Of Use Assets And Liabilities

kd_IncreaseDecreaseInRightOfUseAssetsAndLiabilities

314,000,000

Increase (Decrease) in Right Of Use Assets And Liabilities

kd_IncreaseDecreaseInRightOfUseAssetsAndLiabilities

335,000,000

Increase (Decrease) in Right Of Use Assets And Liabilities

kd_IncreaseDecreaseInRightOfUseAssetsAndLiabilities

361,000,000

Increase Decrease In Workforce Rebalancing

kd_IncreaseDecreaseInWorkforceRebalancing

(25,000,000)

Increase Decrease In Workforce Rebalancing

kd_IncreaseDecreaseInWorkforceRebalancing

(38,000,000)

Increase Decrease In Workforce Rebalancing

kd_IncreaseDecreaseInWorkforceRebalancing

41,000,000

Increase Decrease In Taxes Including Items Settled With Parent

kd_IncreaseDecreaseInTaxesIncludingItemsSettledWithParent

(1,000,000)

Increase Decrease In Taxes Including Items Settled With Parent

kd_IncreaseDecreaseInTaxesIncludingItemsSettledWithParent

(2,000,000)

Increase Decrease In Taxes Including Items Settled With Parent

kd_IncreaseDecreaseInTaxesIncludingItemsSettledWithParent

$ 90,000,000

Percentage Of Common Stock Transferred On Spin Off

kd_PercentageOfCommonStockTransferredOnSpinOff

80.10%

Standard Billing Terms, Payment Due Period

kd_StandardBillingTermsPaymentDuePeriod

30 days

Contract With Customer Duration Low End of Range

kd_ContractWithCustomerDurationLowEndOfRange

1 year

Contract With Customer Duration High End of Range

kd_ContractWithCustomerDurationHighEndOfRange

10 years

Other Income and Expense [Policy Text Block]

kd_OtherIncomeAndExpensePolicyTextBlock

Other Expense

Other expense primarily consists of (income) and expense related to certain components of retirement-related costs, including interest costs, expected return on plan assets, amortization of prior service costs (credits), curtailments and settlements and other net periodic benefit costs. Also included are gains and losses from foreign currency transactions.

Financing Receivable Sale Agreement, Initial Term

kd_FinancingReceivableSaleAgreementInitialTerm

18 months

Financing Receivable Sale Agreement, Renewal Term

kd_FinancingReceivableSaleAgreementRenewalTerm

18 months

Financing Receivable Sale Agreement, Term

kd_FinancingReceivableSaleAgreementTerm

6 months

Financing Receivable, Sold To Third parties And Division From Parent

kd_FinancingReceivableSoldToThirdPartiesAndDivisionFromParent

$ 3,200,000,000

Financing Receivable, Sold To Third parties And Division From Parent

kd_FinancingReceivableSoldToThirdPartiesAndDivisionFromParent

3,600,000,000

Financing Receivable, Sold To Third parties And Division From Parent

kd_FinancingReceivableSoldToThirdPartiesAndDivisionFromParent

3,100,000,000

Financing Receivable Fees And Net Gain Losses

kd_FinancingReceivableFeesAndNetGainLosses

38,000,000

Financing Receivable Fees And Net Gain Losses

kd_FinancingReceivableFeesAndNetGainLosses

49,000,000

Financing Receivable Fees And Net Gain Losses

kd_FinancingReceivableFeesAndNetGainLosses

$ 47,000,000

Supplier Finance Program [Policy Text Block]

kd_SupplierFinanceProgramPolicyTextBlock

Supplier Financing Program

In the year ended March 31, 2024, the Company initiated a supplier financing program with a third-party financial institution under which the Company agrees to pay the financial institution the stated amounts of invoices from participating suppliers on the originally invoiced due date, which have an average term of 90 to 120 days. The financial institution offers earlier payment of the invoices at the sole discretion of the supplier for a discounted amount. The Company does not provide secured legal assets or other

forms of guarantees under the arrangements. The Company is not a party to the arrangement between its suppliers and the financial institution. The Company or the financial institution may terminate the agreement upon at least 180 days’ notice. The Company’s obligations under this program continue to be recognized as accounts payable in the Consolidated Balance Sheet. The obligations outstanding under this program at March 31, 2025 and March 31, 2024 were immaterial.

Supplier Financing Program, Average Invoice Term

kd_SupplierFinancingProgramAverageInvoiceTerm

90 days

Supplier Financing Program, Average Invoice Term

kd_SupplierFinancingProgramAverageInvoiceTerm

120 days

Supplier Financing Program, Termination Notice

kd_SupplierFinancingProgramTerminationNotice

180 days

kd_TransactionRelatedCostsPolicyTextBlock

Transaction-Related Costs

The Company classifies certain expenses and benefits related to the Separation, acquisitions and divestitures as “transaction-related costs (benefits)” in the Consolidated Income Statement. Transaction-related costs include gains or losses, employee retention expenses, information technology costs, marketing expenses to establish the Kyndryl brand, legal, accounting, consulting and other professional service costs, costs and benefits resulting from settlements with our former Parent associated with pre-Separation and Separation-related matters, and other costs related to contract and supplier novation and integration, associated with acquisitions, divestitures or the Separation.

Workforce Rebalancing and Site-Rationalization Charges

kd_RestructuringAndRelatedCostsPolicyPolicyTextBlock

Workforce Rebalancing and Site-Rationalization Charges

The Company has incurred workforce rebalancing charges, charges related to ceasing to use leased and owned fixed assets and charges related to lease terminations. We record a liability for employee termination benefits either when it is probable that an employee is entitled to it and the amount of the benefits can be reasonably estimated or when management has communicated the termination plan to employees. Workforce rebalancing charges are recorded as a separate line on the Consolidated Income Statement. Charges related to ceasing to use leased assets and owned fixed assets and charges related to lease terminations are recognized as cost of services or selling, general and administrative expenses based on our classification policy for each category. Refer to Note 19 – Workforce Rebalancing and Site-Rationalization Charges for details of this program.

Net Income Benefit From Change In Accounting Estimate

kd_NetIncomeBenefitFromChangeInAccountingEstimate

$ 180,000,000

Per Share Impact of Change In Accounting Estimate, Basic

kd_PerShareImpactOfChangeInAccountingEstimateBasic

$ 0.8

Per Share Impact of Change In Accounting Estimate, Diluted

kd_PerShareImpactOfChangeInAccountingEstimateDiluted

$ 0.77

Schedule of Property, Plant and Equipment, Useful Life [Table Text Block]

kd_ScheduleOfPropertyPlantAndEquipmentUsefulLifeTableTextBlock


Classification		Estimated Useful Life
Buildings		30 to 50 years
Land improvements		20 years
Leasehold improvements*		Estimated useful life or term of lease
Office and other equipment		2 to 20 years
Information technology equipment (acquired as used)		1.5 to 3 years
Information technology equipment (acquired as new)†		6 years

* Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease term, rarely exceeding 10 years.

† Extended from five to six years effective April 1, 2024.

Revenue, Remaining Performance Obligation, Expected Timing Percentage

kd_RevenueRemainingPerformanceObligationExpectedTimingPercentage

57.00%

Revenue, Remaining Performance Obligation, Expected Timing Percentage

kd_RevenueRemainingPerformanceObligationExpectedTimingPercentage

37.00%

Allowance For Doubtful Accounts Receivable Other

kd_AllowanceForDoubtfulAccountsReceivableOther

$ (1,000,000)

Allowance For Doubtful Accounts Receivable Other

kd_AllowanceForDoubtfulAccountsReceivableOther

(9,000,000)

Allowance For Doubtful Accounts Receivable Other

kd_AllowanceForDoubtfulAccountsReceivableOther

$ (5,000,000)

Concentration Risk Major Clients

kd_ConcentrationRiskMajorClients

Concentration Risk Major Clients

kd_ConcentrationRiskMajorClients

Concentration Risk Major Clients

kd_ConcentrationRiskMajorClients

Concentration Risk Major Clients

kd_ConcentrationRiskMajorClients

Concentration Risk Major Clients

kd_ConcentrationRiskMajorClients

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

$ 1,700,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

291,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

986,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

1,800,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

335,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

921,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

1,700,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

342,000,000

Amortization Of Deferred Costs

kd_AmortizationOfDeferredCosts

857,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

638,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

343,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

831,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

561,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

2,372,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

735,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

322,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

847,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

577,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

2,480,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

812,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

340,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

810,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

696,000,000

Selling, General and Administrative Expense Excluding Depreciation And Amortization

kd_SellingGeneralAndAdministrativeExpenseExcludingDepreciationAndAmortization

2,657,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

725,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

390,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

886,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

606,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

2,606,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

781,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

361,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

677,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

642,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

2,461,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

839,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

407,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

323,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

484,000,000

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization

kd_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization

2,052,000,000

Workforce Rebalancing Costs Incurred In Prior Years

kd_WorkforceRebalancingCostsIncurredInPriorYears

138,000,000

Workforce Rebalancing Costs Incurred In Prior Years

kd_WorkforceRebalancingCostsIncurredInPriorYears

71,000,000

Corporate Expense Not Allocated to Segments

kd_CorporateExpenseNotAllocatedToSegments

90,000,000

Corporate Expense Not Allocated to Segments

kd_CorporateExpenseNotAllocatedToSegments

95,000,000

Corporate Expense Not Allocated to Segments

kd_CorporateExpenseNotAllocatedToSegments

77,000,000

Other Adjustments

kd_OtherAdjustments

(10,000,000)

Other Adjustments

kd_OtherAdjustments

68,000,000

Other Adjustments

kd_OtherAdjustments

$ 59,000,000

Effective Income Tax Rate Reconciliation, Reserves for Uncertain Tax Positions

kd_EffectiveIncomeTaxRateReconciliationReservesForUncertainTaxPositions

14.20%

Effective Income Tax Rate Reconciliation, Reserves for Uncertain Tax Positions

kd_EffectiveIncomeTaxRateReconciliationReservesForUncertainTaxPositions

(7.80%)

Effective Income Tax Rate Reconciliation, Reserves for Uncertain Tax Positions

kd_EffectiveIncomeTaxRateReconciliationReservesForUncertainTaxPositions

(6.50%)

Effective Income Tax Rate Reconciliation, Undistributed Foreign Operations

kd_EffectiveIncomeTaxRateReconciliationUndistributedForeignOperations

(2.50%)

Effective Income Tax Rate Reconciliation, Undistributed Foreign Operations

kd_EffectiveIncomeTaxRateReconciliationUndistributedForeignOperations

2.20%

Effective Income Tax Rate Reconciliation, Undistributed Foreign Operations

kd_EffectiveIncomeTaxRateReconciliationUndistributedForeignOperations

1.50%

Effective Income Tax Rate Reconciliation, Impact of Foreign Operations

kd_EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations

20.90%

Effective Income Tax Rate Reconciliation, Impact of Foreign Operations

kd_EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations

(43.60%)

Effective Income Tax Rate Reconciliation, Impact of Foreign Operations

kd_EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations

(8.60%)

Effective Income Tax Rate Reconciliation, Basis Adjustment, Percent

kd_EffectiveIncomeTaxRateReconciliationBasisAdjustmentPercent

(6.20%)

Effective Income Tax Rate Reconciliation, Return to Provision & Prior Period Adjustments, Percent

kd_EffectiveIncomeTaxRateReconciliationReturnToProvisionPriorPeriodAdjustmentsPercent

(3.10%)

Effective Income Tax Rate Reconciliation, Return to Provision & Prior Period Adjustments, Percent

kd_EffectiveIncomeTaxRateReconciliationReturnToProvisionPriorPeriodAdjustmentsPercent

(19.30%)

Effective Income Tax Rate Reconciliation, Return to Provision & Prior Period Adjustments, Percent

kd_EffectiveIncomeTaxRateReconciliationReturnToProvisionPriorPeriodAdjustmentsPercent

0.30%

Deferred Tax Assets, Leases

kd_DeferredTaxAssetsLeases

$ 253,000,000

Deferred Tax Assets, Leases

kd_DeferredTaxAssetsLeases

308,000,000

Deferred Tax Assets, Operating Loss Carryforwards and Tax Credit Carryforwards Domestic

kd_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwardsDomestic

520,000,000

Deferred Tax Assets, Operating Loss Carryforwards and Tax Credit Carryforwards Domestic

kd_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwardsDomestic

441,000,000

Deferred Tax Assets, Operating Loss Carryforwards and Tax Credit Carryforwards Foreign

kd_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwardsForeign

75,000,000

Deferred Tax Assets, Operating Loss Carryforwards and Tax Credit Carryforwards Foreign

kd_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwardsForeign

66,000,000

Deferred Tax Liabilities Deferred Expense Transition Costs

kd_DeferredTaxLiabilitiesDeferredExpenseTransitionCosts

121,000,000

Deferred Tax Liabilities Deferred Expense Transition Costs

kd_DeferredTaxLiabilitiesDeferredExpenseTransitionCosts

131,000,000

Unpaid Property And Equipment

kd_UnpaidPropertyAndEquipment

45,000,000

Unpaid Property And Equipment

kd_UnpaidPropertyAndEquipment

29,000,000

Depreciation Of Property And Equipment

kd_DepreciationOfPropertyAndEquipment

618,000,000

Depreciation Of Property And Equipment

kd_DepreciationOfPropertyAndEquipment

801,000,000

Depreciation Of Property And Equipment

kd_DepreciationOfPropertyAndEquipment

$ 900,000,000

Lease Disclosure [Text Block]

kd_LeaseDisclosureTextBlock

NOTE 9. LEASES

The following table presents the various components of lease costs:


	Year Ended March 31,
(Dollars in millions)	2025		2024		2023
Finance lease costs	$	95	$	112	$	85
Operating lease costs		331		388		434
Short-term lease costs		1		4		7
Variable lease costs		154		135		108
Sublease income		(6)		(11)		(9)
Total lease costs	$	576	$	629	$	625

During the fiscal years of 2025, 2024 and 2023, we identified and ceased use of certain operating right-of-use assets that were inherited from the former Parent at Separation. We determined that we will no longer receive economic benefits from these leased properties and do not have the intent or practical ability to sublease or sell them. Accordingly, we recorded accelerated depreciation in the amount of $39 million, $14 million and $69 million (representing the remaining carrying value of the identified right-of-use assets, not included in the operating lease costs in the table above) for the years ended March 31, 2025, 2024 and 2023, respectively. Refer to Note 19 – Workforce Rebalancing and Site-Rationalization Charges for details of this program.

The Company had no sale and leaseback transactions for the years ended March 31, 2025, 2024 and 2023.

The following table presents supplemental information relating to the cash flows arising from lease transactions. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating and finance lease liabilities and, as such, are excluded from the amounts below.


	Year Ended March 31,
(Dollars in millions)	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for finance leases	$	17	$	14	$	5
Financing cash outflows for finance leases		117		116		83
Operating cash outflows for operating leases		404		387		417
Right-of-use assets obtained in exchange for new finance lease liabilities		70		212		111
Right-of-use assets obtained in exchange for new operating lease liabilities		204		291		175

The following table presents the weighted-average lease term and discount rate for finance and operating leases:


	At March 31,
	2025		2024
Finance leases
Weighted-average remaining lease term	4.1	years	3.8	years
Weighted-average discount rate	5.74	%	5.58	%
Operating leases
Weighted-average remaining lease term	4.4	years	4.8	years
Weighted-average discount rate	5.07	%	5.15	%

The following table presents a maturity analysis of expected undiscounted cash flows for operating and finance leases on an annual basis for the next five years and thereafter.


	Year Ending March 31,													Imputed
(Dollars in millions)	2026		2027		2028		2029			2030		Thereafter		Interest*		Total
Finance leases	$	126	$	97	$	56	$	19		$	3	$	—	$	52	$	250
Operating leases	$	346	$	223	$	142	$	113		$	60	$	100	$	198	$	785

* Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

The following table presents the total amount of finance leases recognized in the Consolidated Balance Sheet:


		At March 31,
(Dollars in millions)		2025			2024
Right-of-use assets – Property and equipment, net		$	297		$	309
Lease liabilities:
Current – Current portion of long-term debt			100			95
Noncurrent – Long-term debt			150			193

Finance Lease Cost

kd_FinanceLeaseCost

$ 95,000,000

Finance Lease Cost

kd_FinanceLeaseCost

112,000,000

Finance Lease Cost

kd_FinanceLeaseCost

$ 85,000,000

Schedule of Supplemental Information Relating to Cash Flows Arising from Lease Transactions [Table Text Block]

kd_ScheduleOfSupplementalInformationRelatingToCashFlowsArisingFromLeaseTransactionsTableTextBlock


	Year Ended March 31,
(Dollars in millions)	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for finance leases	$	17	$	14	$	5
Financing cash outflows for finance leases		117		116		83
Operating cash outflows for operating leases		404		387		417
Right-of-use assets obtained in exchange for new finance lease liabilities		70		212		111
Right-of-use assets obtained in exchange for new operating lease liabilities		204		291		175

Schedule Of Weighted Average Lease Terms And Discount Rates [Table Text Block]

kd_ScheduleOfWeightedAverageLeaseTermsAndDiscountRatesTableTextBlock


	At March 31,
	2025		2024
Finance leases
Weighted-average remaining lease term	4.1	years	3.8	years
Weighted-average discount rate	5.74	%	5.58	%
Operating leases
Weighted-average remaining lease term	4.4	years	4.8	years
Weighted-average discount rate	5.07	%	5.15	%

Schedule Of Finance Leases Recognized in Consolidated Balance Sheet [Table Text Block]

kd_ScheduleOfFinanceLeasesRecognizedInConsolidatedBalanceSheetTableTextBlock


		At March 31,
(Dollars in millions)		2025			2024
Right-of-use assets – Property and equipment, net		$	297		$	309
Lease liabilities:
Current – Current portion of long-term debt			100			95
Noncurrent – Long-term debt			150			193

Amortization Of Intangible Assets And Capitalized Software

kd_AmortizationOfIntangibleAssetsAndCapitalizedSoftware

$ 72,000,000

Amortization Of Intangible Assets And Capitalized Software

kd_AmortizationOfIntangibleAssetsAndCapitalizedSoftware

63,000,000

Amortization Of Intangible Assets And Capitalized Software

kd_AmortizationOfIntangibleAssetsAndCapitalizedSoftware

46,000,000

Amortization Of Intangible Assets Net Of Currency Impact

kd_AmortizationOfIntangibleAssetsNetOfCurrencyImpact

42,000,000

Intangible Assets Fully Amortized Retired

kd_IntangibleAssetsFullyAmortizedRetired

75,000,000

Goodwill, Acquisitions and Divestitures During Period

kd_GoodwillAcquisitionsAndDivestituresDuringPeriod

11,000,000

Goodwill, Acquisitions and Divestitures During Period

kd_GoodwillAcquisitionsAndDivestituresDuringPeriod

(27,000,000)

Goodwill, Acquisitions and Divestitures During Period

kd_GoodwillAcquisitionsAndDivestituresDuringPeriod

(15,000,000)

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

39,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

68,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

700,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

700,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

500,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

500,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

650,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

650,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

500,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

500,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

550,000,000

Debt Instrument Carrying Amount Excluding Finance Lease Obligations

kd_DebtInstrumentCarryingAmountExcludingFinanceLeaseObligations

$ 550,000,000

Finance Lease, Weighted Average Interest Rate

kd_FinanceLeaseWeightedAverageInterestRate

5.74%

Financing lease and other obligations

kd_FinancingLeaseAndOtherObligations

$ 250,000,000

Financing lease and other obligations

kd_FinancingLeaseAndOtherObligations

$ 291,000,000

Debt Instrument, Leverage Ratio, Number of Consecutive Fiscal Quarters

kd_DebtInstrumentLeverageRatioNumberOfConsecutiveFiscalQuarters

Debt Instrument, Net Leverage Ratio

kd_DebtInstrumentNetLeverageRatio

3.5

Workforce Rebalancing Current

kd_WorkforceRebalancingCurrent

$ 29,000,000

Workforce Rebalancing Current

kd_WorkforceRebalancingCurrent

45,000,000

Workforce Rebalancing, Non Current

kd_WorkforceRebalancingNonCurrent

3,000,000

Workforce Rebalancing, Non Current

kd_WorkforceRebalancingNonCurrent

12,000,000

Purchase Obligation Due After Fourth Year

kd_PurchaseObligationDueAfterFourthYear

100,000,000

Loss Contingency Direct Damages Sought Value

kd_LossContingencyDirectDamagesSoughtValue

717,000,000

Loss Contingency Punitive Damages Sought Value

kd_LossContingencyPunitiveDamagesSoughtValue

$ 717,000,000

Schedule Of Share Based Compensation Restricted Stock Market Conditioned Performance Conditioned Units Award Activity [Table Text Block]

kd_ScheduleOfShareBasedCompensationRestrictedStockMarketConditionedPerformanceConditionedUnitsAwardActivityTableTextBlock


								Market-Conditioned						Performance-Conditioned
		RSUs						Stock Units						Stock Units*
					Weighted-						Weighted-						Weighted-
					Average						Average						Average
		Number			Grant-Date			Number			Grant-Date			Number			Grant-Date
		of Units			Fair Value			of Units			Fair Value			of Units			Fair Value
		(in millions)			(per share)			(in millions)			(per share)			(in millions)			(per share)
Nonvested balance at March 31, 2022			9.8		$	26.36			1.8		$	15.14			—		$	—
Awards granted			5.0		$	10.80			0.7		$	12.51			2.5		$	10.62
Awards vested			(4.9)			26.09			—			—			—			—
Awards canceled/forfeited			(0.5)			23.09			(0.2)			14.46			(0.1)			10.62
Nonvested balance at March 31, 2023			9.4		$	18.43			2.3		$	14.40			2.3		$	10.62
Awards granted			3.1		$	13.52			0.6		$	14.10			2.0		$	13.37
Awards vested			(4.0)			21.92			—			—			—			—
Awards canceled/forfeited			(0.4)			17.43			(0.1)			14.43			(0.1)			11.85
Nonvested balance at March 31, 2024			8.0		$	15.33			2.9		$	14.32			4.3		$	12.28
Awards granted			1.7		$	26.65			0.4		$	26.23			1.2		$	26.47
Awards vested			(3.3)			17.14			(0.8)			15.14			—			—
Awards canceled/forfeited			(0.3)			16.58			(0.8)			15.12			(0.1)			12.13
Nonvested balance at March 31, 2025			6.1		$	17.49			1.6		$	16.33			5.4		$	15.01

*	The grant-date fair value of performance-conditioned stock units issued was determined using the stock price at the grant date.

Schedule of Share-Based Payment Award, Market Conditioned Stock Units, Valuation Assumptions [Table Text Block]

kd_ScheduleOfShareBasedPaymentAwardMarketConditionedStockUnitsValuationAssumptionsTableTextBlock


	Year Ended March 31,
Market-conditioned Stock Units:	2025	2024	2023
Share price	$26.51	$13.55	$10.89
Expected volatility*	43%	39%	39%
Risk-free interest rate	4.60%	4.57% - 5.38%	2.85%
Dividend yield	0%	0%	0%

*	Based on the average three-year historic volatility across a group of peer companies.

Share-Based Compensation Arrangement by Share-Based Payment Award, Options Exercised in Period, Weighted Average Grant Date Fair Value

kd_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue

$ 6.61

Share-Based Compensation Arrangement by Share-Based Payment Award, Options Exercised in Period, Weighted Average Grant Date Fair Value

kd_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue

6.56

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Grant Date Fair Value

kd_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageGrantDateFairValue

$ 6.54

Defined Benefit Plan Service Cost, Including Related Party

kd_DefinedBenefitPlanServiceCostIncludingRelatedParty

$ 34,000,000

Defined Benefit Plan Service Cost, Including Related Party

kd_DefinedBenefitPlanServiceCostIncludingRelatedParty

38,000,000

Defined Benefit Plan Service Cost, Including Related Party

kd_DefinedBenefitPlanServiceCostIncludingRelatedParty

44,000,000

Defined Benefit Plan Interest Cost, Including Related Party

kd_DefinedBenefitPlanInterestCostIncludingRelatedParty

52,000,000

Defined Benefit Plan Interest Cost, Including Related Party

kd_DefinedBenefitPlanInterestCostIncludingRelatedParty

55,000,000

Defined Benefit Plan Interest Cost, Including Related Party

kd_DefinedBenefitPlanInterestCostIncludingRelatedParty

32,000,000

Defined Benefit Plan, Direct Benefits Paid

kd_DefinedBenefitPlanDirectBenefitsPaid

39,000,000

Defined Benefit Plan, Direct Benefits Paid

kd_DefinedBenefitPlanDirectBenefitsPaid

38,000,000

Defined Benefit Plan, Benefit Obligation, Business Combination, Acquisition and Divestiture

kd_DefinedBenefitPlanBenefitObligationBusinessCombinationAcquisitionAndDivestiture

23,000,000

Defined Benefit Plan, Plan Amendments Curtailments and Settlements

kd_DefinedBenefitPlanPlanAmendmentsCurtailmentsAndSettlements

(80,000,000)

Defined Benefit Plan, Plan Amendments Curtailments and Settlements

kd_DefinedBenefitPlanPlanAmendmentsCurtailmentsAndSettlements

(61,000,000)

Defined Benefit Plan Business Combinations and Acquisitions Net of Divestitures Fair Value Plan Assets

kd_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsNetOfDivestituresFairValuePlanAssets

27,000,000

Defined Benefit Plan, Plan Assets, Business Combination, Acquisition and Divestiture

kd_DefinedBenefitPlanPlanAssetsBusinessCombinationAcquisitionAndDivestiture

18,000,000

Defined Benefit Plan, Plan Amendments Curtailments and Settlements Changes in Plan Assets

kd_DefinedBenefitPlanPlanAmendmentsCurtailmentsAndSettlementsChangesInPlanAssets

(65,000,000)

Defined Benefit Plan, Plan Amendments Curtailments and Settlements Changes in Plan Assets

kd_DefinedBenefitPlanPlanAmendmentsCurtailmentsAndSettlementsChangesInPlanAssets

(49,000,000)

Defined Benefit Plan Plans with Plan Assets in Excess of Benefit Obligation, Aggregate Benefit Obligation

kd_DefinedBenefitPlanPlansWithPlanAssetsInExcessOfBenefitObligationAggregateBenefitObligation

818,000,000

Defined Benefit Plan Plans with Plan Assets in Excess of Benefit Obligation, Aggregate Benefit Obligation

kd_DefinedBenefitPlanPlansWithPlanAssetsInExcessOfBenefitObligationAggregateBenefitObligation

957,000,000

Defined Benefit Plan Plans with Plan Assets in Excess of Benefit Obligation, Aggregate Fair Value of Plan Assets

kd_DefinedBenefitPlanPlansWithPlanAssetsInExcessOfBenefitObligationAggregateFairValueOfPlanAssets

966,000,000

Defined Benefit Plan Plans with Plan Assets in Excess of Benefit Obligation, Aggregate Fair Value of Plan Assets

kd_DefinedBenefitPlanPlansWithPlanAssetsInExcessOfBenefitObligationAggregateFairValueOfPlanAssets

1,061,000,000

Other Comprehensive Income Loss Amortization Adjustment From AOCI Pension Plans For Net Prior Service Cost Credit Before Tax

kd_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAociPensionPlansForNetPriorServiceCostCreditBeforeTax

1,000,000

Other Comprehensive Income Loss Amortization Adjustment From AOCI Pension Plans For Net Prior Service Cost Credit Before Tax

kd_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAociPensionPlansForNetPriorServiceCostCreditBeforeTax

$ 1,000,000

Percentage of Board Members Elected by Employees and Retirees for Managing Investments

kd_PercentageOfBoardMembersElectedByEmployeesAndRetireesForManagingInvestments

50.00%

Defined Benefit Plan, Fair Value of Plan Assets, Gross