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Segment Information (Tables) | 3 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents selected financial information with respect to the Company's single operating segment for the three months ended June 30, 2026 and 2025:
|  | Three Months Ended June 30, |  |
(in millions) |  | 2026 |  | 2025 |  |  |  |
License and Other Revenue |  | $ | 574 |  |  | $ | 468 |  |  |  |  |
Royalty Revenue |  | 715 |  |  | 585 |  |  |  |  |
Total Revenue |  | 1,289 |  |  | 1,053 |  |  |  |  |
Less Operating Costs and Expenses: |  |  |  |  |  |  |  |
Staff costs: Salaries, bonuses and benefits |  | (449) |  |  | (389) |  |  |  |  |
Staff costs: Share-based compensation cost (equity settled) |  | (343) |  |  | (241) |  |  |  |  |
Staff costs: Employer taxes related to share-based compensation |  | (98) |  |  | (58) |  |  |  |  |
Non-staff costs: |  |  |  |  |  |  |  |
Project materials costs, third-party fees paid to consultants, information technology, research and development expenses (excluding employee-related expenses), accounting and legal professional services fees, advertising expenses, and other corporate-related expenses |  | (233) |  |  | (192) |  |  |  |  |
Amortization |  | (27) |  |  | (24) |  |  |  |  |
Depreciation |  | (48) |  |  | (36) |  |  |  |  |
Other non-staff costs |  | — |  |  | 1 |  |  |  |  |
Operating income (loss) |  | 91 |  |  | 114 |  |  |  |  |
Operating margin |  | 7 | % |  | 11 | % |  |  |  |
Income (loss) from equity investments, net |  | 128 |  |  | 4 |  |  |  |  |
Interest income, net |  | 31 |  |  | 27 |  |  |  |  |
Other non-operating income (loss), net |  | 3 |  |  | 1 |  |  |  |  |
Income (loss) before income taxes |  | 253 |  |  | 146 |  |  |  |  |
Income tax benefit (expense) |  | 17 |  |  | (16) |  |  |  |  |
Net income (loss) |  | $ | 270 |  |  | $ | 130 |  |  |  |  |

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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