(9) BALANCE SHEET DETAILS

Property and Equipment, Net

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



	As of December 31, 2017			As of March 31, 2017
Computer, equipment and software	$	724		$	723
Buildings	336			316
Leasehold improvements	137			126
Equipment, furniture and fixtures, and other	81			82
Land	66			61
Construction in progress	7			7
	1,351			1,315
Less: accumulated depreciation	(904		)	(881		)
Property and equipment, net	$	447		$	434

During the three and nine months ended December 31, 2017, depreciation expense associated with property and equipment was $30 million and $89 million, respectively.

During the three and nine months ended December 31, 2016, depreciation expense associated with property and equipment was $29 million and $86 million, respectively.

Accrued and Other Current Liabilities

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



	As of December 31, 2017		As of March 31, 2017
Other accrued expenses	$	346	$	210
Accrued compensation and benefits	249		267
Accrued royalties	260		165
Deferred net revenue (other)	215		147
Accrued and other current liabilities	$	1,070	$	789

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 $1,946 million and $1,539 million as of December 31, 2017 and March 31, 2017, 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 vendor-specific objective evidence of fair value (“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).