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Commitments And Contingencies | 6 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Commitments And Contingencies | COMMITMENTS AND CONTINGENCIES Development, 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 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, 2025 (in millions):
|  |  | Fiscal Years Ending March 31,
|  |  | 2026 |  |  |  |  |  |  |  |  |  |  |  |
|  |  | (Remaining |  |  |  |  |  |  |  |  |  |  |  |
| Total |  | six mos.) |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | 2031 |  | Thereafter
Unrecognized commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developer/licensor commitments | $ | 1,344 |  |  | $ | 156 |  |  | $ | 382 |  |  | $ | 221 |  |  | $ | 204 |  |  | $ | 199 |  |  | $ | 143 |  |  | $ | 39 |
Marketing commitments | 1,079 |  |  | 86 |  |  | 324 |  |  | 235 |  |  | 143 |  |  | 160 |  |  | 120 |  |  | 11 |
Senior Notes interest | 642 |  |  | 20 |  |  | 36 |  |  | 36 |  |  | 36 |  |  | 36 |  |  | 36 |  |  | 442 |
Operating lease imputed interest | 45 |  |  | 6 |  |  | 9 |  |  | 8 |  |  | 6 |  |  | 5 |  |  | 4 |  |  | 7 |
Operating leases not yet commenced (a) | 16 |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 9 |
Other purchase obligations | 300 |  |  | 52 |  |  | 104 |  |  | 92 |  |  | 45 |  |  | 6 |  |  | 1 |  |  | — |
Total unrecognized commitments | 3,426 |  |  | 320 |  |  | 855 |  |  | 593 |  |  | 436 |  |  | 408 |  |  | 306 |  |  | 508 |
Recognized commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Notes principal and interest | 1,906 |  |  | 406 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 750 |  |  | 750 |
Operating leases | 314 |  |  | 41 |  |  | 59 |  |  | 46 |  |  | 29 |  |  | 24 |  |  | 26 |  |  | 89 |
Total recognized commitments | 2,220 |  |  | 447 |  |  | 59 |  |  | 46 |  |  | 29 |  |  | 24 |  |  | 776 |  |  | 839 |
Total Commitments | $ | 5,646 |  |  | $ | 767 |  |  | $ | 914 |  |  | $ | 639 |  |  | $ | 465 |  |  | $ | 432 |  |  | $ | 1,082 |  |  | $ | 1,347 |
(a)As of September 30, 2025, we have entered into an office lease that is expected to commence in the second half of fiscal year 2026, with aggregate future lease payments of approximately $16 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, 2025; 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, 2025, we had a net liability for unrecognized tax benefits and related interest totaling $670 million. While it is reasonably possible that material reduction of unrecognized tax benefits may occur within the next 12 months, the actual amount could vary significantly depending on the ultimate timing and nature of any settlements and tax interpretations. After September 30, 2025, we entered into licensor and office lease agreements with third parties which are not included in the table above, and contingently commit us to pay an additional $1.4 billion in total at various dates through fiscal year 2036. 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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