(9) BALANCE SHEET DETAILS

Property and Equipment, Net

Property and equipment, net, as of March 31, 2018 and 2017 consisted of (in millions):



	As of March 31,
	2018			2017
Computer, equipment and software	$	744		$	723
Buildings	336			316
Leasehold improvements	139			126
Equipment, furniture and fixtures, and other	84			82
Land	66			61
Construction in progress	7			7
	1,376			1,315
Less: accumulated depreciation	(923		)	(881		)
Property and equipment, net	$	453		$	434

Depreciation expense associated with property and equipment was $120 million, $115 million and $119 million for the fiscal years ended March 31, 2018, 2017 and 2016, respectively.

Accrued and Other Current Liabilities

Accrued and other current liabilities as of March 31, 2018 and 2017 consisted of (in millions):



	As of March 31,
	2018		2017
Accrued compensation and benefits	$	282	$	267
Other accrued expenses	260		210
Accrued royalties	171		165
Deferred net revenue (other)	108		147
Accrued and other current liabilities	$	821	$	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 $1,622 million and $1,539 million as of March 31, 2018 and 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).