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Balance Sheet Details
 3 Months Ended
Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(9) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of June 30, 2023 and March 31, 2023 consisted of (in millions):
As of
June 30, 2023
As of
March 31, 2023
Computer, equipment and software$912 $892 
Buildings373 369 
Leasehold improvements189 186 
Equipment, furniture and fixtures, and other93 92 
Land66 66 
Construction in progress18 11 
1,651 1,616 
Less: accumulated depreciation(1,106)(1,067)
Property and equipment, net$545 $549 
Depreciation expense associated with property and equipment was $49 million and $44 million for the three months ended June 30, 2023 and 2022, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of June 30, 2023 and March 31, 2023 consisted of (in millions):
As of
June 30, 2023
As of
March 31, 2023
Accrued compensation and benefits$311 $436 
Accrued royalties211 208 
Deferred net revenue (other)75 103 
Operating lease liabilities68 66 
Other accrued expenses409 382 
Sales returns and price protection reserves71 90 
Accrued and other current liabilities$1,145 $1,285 
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 June 30, 2023 and March 31, 2023 consisted of (in millions):
As of
June 30, 2023
As of
March 31, 2023
Deferred net revenue (online-enabled games)$1,580 $1,901 
Deferred net revenue (other)75 103 
Deferred net revenue (noncurrent)63 67 
Total deferred net revenue$1,718 $2,071 
During the three months ended June 30, 2023 and 2022, we recognized $1,124 million and $1,240 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, 2023, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,718 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.