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Balance Sheet Details
 12 Months Ended
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of March 31, 2023 and 2022 consisted of (in millions):
 As of March 31,
 20232022
Computer, equipment and software$892 $853 
Buildings369 375 
Leasehold improvements186 202 
Equipment, furniture and fixtures, and other92 95 
Land66 66 
Construction in progress11 30 
1,616 1,621 
Less: accumulated depreciation(1,067)(1,071)
Property and equipment, net$549 $550 
Depreciation expense associated with property and equipment was $193 million, $162 million and $138 million for the fiscal years ended March 31, 2023, 2022 and 2021, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of March 31, 2023 and 2022 consisted of (in millions):
 As of March 31,
 20232022
Accrued compensation and benefits$436 $500 
Accrued royalties208 203 
Deferred net revenue (other)103 156 
Operating lease liabilities (See Note 13)
66 81 
Other accrued expenses382 304 
Sales returns and price protection reserves90 144 
Accrued and other current liabilities$1,285 $1,388 
Deferred net revenue (other) includes the deferral of licensing arrangements, subscription revenue, and other revenue for which revenue recognition criteria has not been met.
Deferred net revenue
Deferred net revenue as of March 31, 2023 and 2022, consisted of (in millions):
As of March 31,
20232022
Deferred net revenue (online-enabled games)$1,901 $2,024 
Deferred net revenue (other)103 156 
Deferred net revenue (noncurrent)67 68 
Total deferred net revenue$2,071 $2,248 
During the fiscal years ended March 31, 2023 and 2022, we recognized $2,176 million and $1,613 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of March 31, 2023, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $2,071 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue. We expect to recognize substantially all of the current portion of deferred net revenue as revenue over the next 12 months.