(10) BALANCE SHEET DETAILS

Property and Equipment, Net

Property and equipment, net, as of June 30, 2018 and March 31, 2018 consisted of (in millions):



	As of June 30, 2018			As of March 31, 2018
Computer, equipment and software	$	742		$	744
Buildings	338			336
Leasehold improvements	136			139
Equipment, furniture and fixtures, and other	82			84
Land	66			66
Construction in progress	9			7
	1,373			1,376
Less: accumulated depreciation	(933		)	(923		)
Property and equipment, net	$	440		$	453

During the three months ended June 30, 2018 and 2017 depreciation expense associated with property and equipment was $30 million and $29 million, respectively.

Accrued and Other Current Liabilities

Accrued and other current liabilities as of June 30, 2018 and March 31, 2018 consisted of (in millions):



	As of June 30, 2018		As of March 31, 2018
Other accrued expenses	$	262	$	260
Accrued compensation and benefits	216		282
Accrued royalties	145		171
Sales return and price protection reserves	129		—
Deferred net revenue (other)	63		108
Accrued and other current liabilities	$	815	$	821

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.

As a result of the adoption of the New Revenue Standard, as of June 30, 2018, our sales returns and price protection reserves are now classified within accrued and other liabilities (previously, these allowances were classified as a contra-asset within receivables on our Condensed Consolidated Balance Sheets).

Deferred net revenue

Deferred net revenue as of June 30, 2018 and April 1, 2018, as adjusted, consisted of (in millions):



	As of June 30, 2018		As of April 1, 2018 (as adjusted)
Deferred net revenue (online-enabled games)	$	602	$	949
Deferred net revenue (other)	63		105
Deferred net revenue (noncurrent)	11		5
Total Deferred net revenue	$	676	$	1,059

Total deferred net revenue decreased by $383 million, from April 1, 2018, as adjusted, to June 30, 2018. During the three months ended June 30, 2018, we recognized revenue of $885 million, of which $768 million related to revenue recognized in the current period that was included in the deferred revenue balance at the beginning of the period. This was offset by the deferral of $502 million of revenue during this period.

Remaining Performance Obligations

As of June 30, 2018, revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes our deferred revenue balance of $676 million and amounts to be invoiced and recognized as revenue in future periods of $29 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue. We expect to recognize substantially all of these balances as revenue over the next 12 months.