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Balance Sheet Details
 12 Months Ended
Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of March 31, 2024 and 2023 consisted of (in millions):
 As of March 31,
 20242023
Computer, equipment and software$965 $892 
Buildings376 369 
Leasehold improvements190 186 
Equipment, furniture and fixtures, and other92 92 
Land67 66 
Construction in progress47 11 
1,737 1,616 
Less: accumulated depreciation(1,159)(1,067)
Property and equipment, net$578 $549 
Depreciation expense associated with property and equipment was $196 million, $193 million and $162 million for the fiscal years ended March 31, 2024, 2023, and 2022, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of March 31, 2024 and 2023 consisted of (in millions):
 As of March 31,
 20242023
Accrued compensation and benefits$476 $436 
Accrued royalties189 208 
Deferred net revenue (other)59 103 
Operating lease liabilities (See Note 13)
66 66 
Other accrued expenses286 382 
Sales returns and price protection reserves90 90 
Accrued and other current liabilities$1,166 $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 March 31, 2024 and 2023, consisted of (in millions):
As of March 31,
20242023
Deferred net revenue (online-enabled games)$1,814 $1,901 
Deferred net revenue (other)59 103 
Deferred net revenue (noncurrent)85 67 
Total deferred net revenue$1,958 $2,071 
During the fiscal years ended March 31, 2024 and 2023, we recognized $1,987 million and $2,176 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, 2024, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,958 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.