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Commitments And Contingencies
 3 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies
(12) COMMITMENTS AND CONTINGENCIES
Development, Celebrity, Professional Sports Organizations and Content Licenses: Payments and Commitments
The products we produce in our studios are designed and created by our employee designers, artists, software programmers and by non-employee software developers (“independent artists” or “third-party developers”). We typically advance development funds to the independent artists and third-party developers during development of our games, usually in installment payments made upon the completion of specified development milestones. Contractually, these payments are generally considered advances against subsequent royalties on the sales of the products. These terms are set forth in written agreements entered into with the independent artists and third-party developers.
In addition, we have certain celebrity, professional sports organizations and content license contracts that contain minimum guarantee payments and marketing commitments to promote the games we publish that may not be dependent on any deliverables. These developer and content license commitments represent the sum of (1) the cash payments due under non-royalty-bearing licenses and services agreements and (2) the minimum guaranteed payments and advances against royalties due under royalty-bearing licenses and services agreements, the majority of which are conditional upon performance by the counterparty. These minimum guarantee payments and any related marketing commitments are included in the table below.
The following table summarizes our minimum contractual obligations as of June 30, 2023 (in millions):
Fiscal Years Ending March 31,
2024
(Remaining
Totalnine mos.)20252026202720282029Thereafter
Unrecognized commitments
Developer/licensor commitments$2,438 $294 $484 $520 $477 $226 $207 $230 
Marketing commitments1,533 173 247 311 269 171 111 251 
Senior Notes interest767 35 55 54 36 36 36 515 
Operating lease imputed interest41 8 8 6 5 4 3 7 
Operating leases not yet commenced (a)
100 — 3 8 8 8 8 65 
Other purchase obligations598 212 213 143 29 1 — — 
Total unrecognized commitments5,477 722 1,010 1,042 824 446 365 1,068 
Recognized commitments
Senior Notes principal and interest1,920 20 — 400 — — — 1,500 
Operating leases337 51 62 51 37 29 19 88 
Transition Tax and other taxes17 4 6 7 — — — — 
Total recognized commitments2,274 75 68 458 37 29 19 1,588 
Total Commitments$7,751 $797 $1,078 $1,500 $861 $475 $384 $2,656 
(a)As of June 30, 2023, we have entered into an office lease that has not yet commenced with aggregate future lease payments of approximately $100 million. This lease is expected to commence in fiscal year 2024, and will have a lease term of 12 years.
The unrecognized amounts represented in the table above reflect our minimum cash obligations for the respective fiscal years, but do not necessarily represent the periods in which they will be recognized and expensed in our Condensed Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of June 30, 2023; however, certain payment obligations may be accelerated depending on the performance of our operating results.
In addition to the amounts included in the table above, as of June 30, 2023, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $668 million, of which we are unable to make a reasonably reliable estimate of when cash settlement with a taxing authority will occur.
Legal Proceedings
We are subject to claims and litigation arising in the ordinary course of business. We do not believe that any liability from any reasonably foreseeable disposition of such claims and litigation, individually or in the aggregate, would have a material adverse effect on our Condensed Consolidated Financial Statements.