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Commitments And Contingencies
 6 Months Ended
Sep. 30, 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 September 30, 2024 (in millions):
Fiscal Years Ending March 31,
2025
(Remaining
Totalsix mos.)20262027202820292030Thereafter
Unrecognized commitments
Developer/licensor commitments$1,760 $188 $407 $481 $225 $218 $140 $101 
Marketing commitments1,265 82 291 295 211 122 149 115 
Senior Notes interest698 22 54 36 36 36 36 478 
Operating lease imputed interest55 6 10 9 7 6 5 12 
Operating leases not yet commenced (a)
12 — — 1 1 1 1 8 
Other purchase obligations420 119 191 71 22 12 5 — 
Total unrecognized commitments4,210 417 953 893 502 395 336 714 
Recognized commitments
Senior Notes principal and interest1,906 6 400 — — — — 1,500 
Operating leases336 36 58 46 33 23 25 115 
Transition Tax and other taxes7 — 7 — — — — — 
Total recognized commitments2,249 42 465 46 33 23 25 1,615 
Total Commitments$6,459 $459 $1,418 $939 $535 $418 $361 $2,329 
(a)As of September 30, 2024, we have entered into an office lease that is expected to commence in fiscal year 2026, with aggregate future lease payments of approximately $12 million and a lease term of 10 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 September 30, 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, as of September 30, 2024, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $552 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.