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Commitments And Contingencies
 12 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Development, Celebrity, Professional Sports Organizations and Other 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 other 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 the cash payments for flat fees, minimum guaranteed payments, and service payments. The majority of these commitments are conditional upon performance by the counterparty. These payments and any related marketing and development commitments are included in the table below.
The following table summarizes our minimum contractual obligations as of March 31, 2024 (in millions):
Fiscal Years Ending March 31,
Total20252026202720282029Thereafter
Unrecognized commitments
Developer/licensor commitments$1,948 $343 $473 $476 $216 $210 $230 
Marketing commitments1,364 247 276 280 199 111 251 
Senior Notes interest725 49 54 36 36 36 514 
Operating lease imputed interest42 10 8 6 5 4 9 
Operating leases not yet commenced98 6 8 8 8 8 60 
Other purchase obligations436 215 160 49 10 2 — 
Total unrecognized commitments4,613 870 979 855 474 371 1,064 
Recognized commitments
Senior Notes principal and interest1,906 6 400 — — — 1,500 
Operating leases314 64 53 40 32 22 103 
Transition Tax and other taxes13 6 7 — — — — 
Total recognized commitments2,233 76 460 40 32 22 1,603 
Total Commitments$6,846 $946 $1,439 $895 $506 $393 $2,667 
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 Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of March 31, 2024; 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, in our Consolidated Balance Sheets as of March 31, 2024, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $490 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 Consolidated Financial Statements.