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Balance Sheet Details
 3 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of June 30, 2025 and March 31, 2025 consisted of (in millions):
As of
June 30, 2025
As of
March 31, 2025
Computer, equipment and software$1,040 $1,033 
Buildings390 379 
Leasehold improvements234 229 
Equipment, furniture and fixtures, and other113 109 
Land66 66 
Construction in progress26 21 
1,869 1,837 
Less: accumulated depreciation(1,277)(1,251)
Property and equipment, net$592 $586 
Depreciation expense associated with property and equipment was $52 million and $51 million for the three months ended June 30, 2025 and 2024, respectively.
Accounts Payable, Accrued, and Other Current Liabilities
Accounts payable, accrued, and other current liabilities as of June 30, 2025 and March 31, 2025 consisted of (in millions):
As of
June 30, 2025
As of
March 31, 2025
Accounts payable$92 $105 
Accrued compensation and benefits382 486 
Accrued royalties222 226 
Deferred net revenue (other)93 94 
Operating lease liabilities69 67 
Other accrued expenses392 297 
Sales returns and price protection reserves56 84 
Accounts payable, accrued, and other current liabilities$1,306 $1,359 
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 June 30, 2025 and March 31, 2025 consisted of (in millions):
As of
June 30, 2025
As of
March 31, 2025
Deferred net revenue (online-enabled games)$1,334 $1,700 
Deferred net revenue (other)93 94 
Deferred net revenue (noncurrent)63 72 
Total deferred net revenue$1,490 $1,866 
During the three months ended June 30, 2025 and 2024, we recognized $1,065 million and $1,119 million of net revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of June 30, 2025, revenue allocated to remaining performance obligations consists of our deferred net revenue balance of $1,490 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.