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Balance Sheet Details
 3 Months Ended
Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(8) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of June 30, 2022 and March 31, 2022 consisted of (in millions):
As of
June 30, 2022
As of
March 31, 2022
Computer, equipment and software$855 $853 
Buildings372 375 
Leasehold improvements162 202 
Equipment, furniture and fixtures, and other94 95 
Land66 66 
Construction in progress34 30 
1,583 1,621 
Less: accumulated depreciation(1,038)(1,071)
Property and equipment, net$545 $550 
Depreciation expense associated with property and equipment was $44 million and $40 million for the three months ended June 30, 2022 and 2021, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of June 30, 2022 and March 31, 2022 consisted of (in millions):
As of
June 30, 2022
As of
March 31, 2022
Other accrued expenses$302 $290 
Accrued compensation and benefits310 500 
Taxes payable147 14 
Accrued royalties151 203 
Sales returns and price protection reserves88 144 
Deferred net revenue (other)132 156 
Operating lease liabilities85 81 
Accrued and other current liabilities$1,215 $1,388 
Deferred net revenue (other) includes the deferral of subscription revenue, licensing arrangements, advertising revenue, and other revenue for which revenue recognition criteria has not been met.
Deferred net revenue
Deferred net revenue as of June 30, 2022 and March 31, 2022 consisted of (in millions):
As of
June 30, 2022
As of
March 31, 2022
Deferred net revenue (online-enabled games)$1,548 $2,024 
Deferred net revenue (other)132 156 
Deferred net revenue (noncurrent)62 68 
Total deferred net revenue$1,742 $2,248 
During the three months ended June 30, 2022 and 2021, we recognized $1,240 million and $961 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of June 30, 2022, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,742 million and amounts to be invoiced in future periods of $33 million, of which $25 million are expected to be recognized as revenue over the next 12 months, and the remainder thereafter. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.