(8) BALANCE SHEET DETAILS

Property and Equipment, Net

Property and equipment, net, as of March 31, 2017 and 2016 consisted of (in millions):



	As of March 31,
	2017			2016
Computer equipment and software	$	723		$	684
Buildings	316			313
Leasehold improvements	126			129
Equipment, furniture and fixtures, and other	82			80
Land	61			61
Construction in progress	7			15
	1,315			1,282
Less: accumulated depreciation	(881		)	(843		)
Property and equipment, net	$	434		$	439

Depreciation expense associated with property and equipment was $115 million, $119 million and $126 million for the fiscal years ended March 31, 2017, 2016 and 2015, respectively.

Accrued and Other Current Liabilities

Accrued and other current liabilities as of March 31, 2017 and 2016 consisted of (in millions):



	As of March 31,
	2017		2016
Accrued compensation and benefits	$	267	$	256
Other accrued expenses	210		218
Accrued royalties	165		159
Deferred net revenue (other)	147		77
Accrued and other current liabilities	$	789	$	710

Deferred net revenue (other) includes the deferral of subscription revenue, advertising revenue, licensing arrangements, and other revenue for which revenue recognition criteria has not been met.

Deferred Net Revenue (Online-Enabled Games)

Deferred net revenue (online-enabled games) was $1,539 million and $1,458 million as of March 31, 2017 and 2016, respectively. Deferred net revenue (online-enabled games) generally includes the unrecognized revenue from bundled sales of online-enabled games for which we do not have VSOE for the obligation to provide unspecified updates. We recognize revenue from the sale of online-enabled games for which we do not have VSOE for the unspecified updates on a straight-line basis, generally over an estimated nine-month period beginning in the month after shipment for physical games sold through retail and an estimated six-month period for digitally-distributed games. However, we expense the cost of revenue related to these transactions generally during the period in which the product is delivered (rather than on a deferred basis).