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Segment Information
 3 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information
14 - Segment Information
The Company operates as a single operating segment. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM regularly reviews income and expense items at the consolidated company (reporting segment) level and uses both operating income and net income to evaluate income generated to conclude whether and how to reinvest profits into the entity’s operations, shareholder return, acquisitions or otherwise. Both operating income and net income are also used to monitor budget versus actual results, forecasted information and in competitive analysis. The CODM does not review segment asset information to evaluate performance or allocate resources.
The following table presents selected financial information with respect to the Company's single operating segment for the three months ended June 30, 2025 and 2024:
Three Months Ended June 30,
(in millions)
20252024
License and Other Revenue$468 $472 
Royalty Revenue 585 467 
1,053 939 
Less Operating Costs and Expenses:
Staff costs: Salaries, bonuses and benefits(389)(304)
Staff costs: Share-based compensation cost (equity settled) (241)(182)
Staff costs: Employer taxes related to share-based compensation(58)(89)
Non-staff costs:
Project materials costs, third-party fees paid to consultants, information technology, research and development expenses (excluding employee-related expense), accounting and legal professional services fees, advertising expenses, and other corporate-related expenses(192)(145)
Amortization(24)(23)
Depreciation(36)(19)
Other non-staff costs1 5 
Operating income (loss)114 182 
Operating margin11 %19 %
Income (loss) from equity investments, net4 24 
Interest income, net27 32 
Other non-operating income (loss), net 1 6 
Income (loss) from continuing operations before income taxes146 244 
Income tax benefit (expense) (16)(21)
Net income (loss)$130 $223