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Commitments And Contingencies | 9 Months Ended
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Dec. 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 December 31, 2024 (in millions):
|  |  | Fiscal Years Ending March 31,
|  |  | 2025 |  |  |  |  |  |  |  |  |  |  |  |
|  |  | (Remaining |  |  |  |  |  |  |  |  |  |  |  |
| Total |  | three mos.) |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | Thereafter
Unrecognized commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developer/licensor commitments | $ | 1,563 |  |  | $ | 78 |  |  | $ | 365 |  |  | $ | 457 |  |  | $ | 223 |  |  | $ | 211 |  |  | $ | 133 |  |  | $ | 96 |
Marketing commitments | 1,225 |  |  | 54 |  |  | 282 |  |  | 297 |  |  | 210 |  |  | 123 |  |  | 151 |  |  | 108 |
Senior Notes interest | 684 |  |  | 8 |  |  | 54 |  |  | 36 |  |  | 36 |  |  | 36 |  |  | 36 |  |  | 478 |
Operating lease imputed interest | 52 |  |  | 3 |  |  | 11 |  |  | 9 |  |  | 7 |  |  | 6 |  |  | 5 |  |  | 11 |
Operating leases not yet commenced (a) | 17 |  |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 9 |
Other purchase obligations | 359 |  |  | 61 |  |  | 184 |  |  | 71 |  |  | 24 |  |  | 13 |  |  | 5 |  |  | 1 |
Total unrecognized commitments | 3,900 |  |  | 204 |  |  | 896 |  |  | 872 |  |  | 502 |  |  | 391 |  |  | 332 |  |  | 703 |
Recognized commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Notes principal and interest | 1,920 |  |  | 20 |  |  | 400 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,500 |
Operating leases | 396 |  |  | 20 |  |  | 75 |  |  | 65 |  |  | 51 |  |  | 34 |  |  | 29 |  |  | 122 |
Transition Tax and other taxes | 7 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total recognized commitments | 2,323 |  |  | 40 |  |  | 482 |  |  | 65 |  |  | 51 |  |  | 34 |  |  | 29 |  |  | 1,622 |
Total Commitments | $ | 6,223 |  |  | $ | 244 |  |  | $ | 1,378 |  |  | $ | 937 |  |  | $ | 553 |  |  | $ | 425 |  |  | $ | 361 |  |  | $ | 2,325 |
(a)As of December 31, 2024, we have entered into an office lease that is expected to commence in fiscal year 2026, with aggregate future lease payments of approximately $17 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 December 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, as of December 31, 2024, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $597 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.

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