(10) BALANCE SHEET DETAILS

Property and Equipment, Net

Property and equipment, net, as of March 31, 2019 and 2018 consisted of (in millions):



	As of March 31,
	2019			2018
Computer, equipment and software	$	710		$	744
Buildings	343			336
Leasehold improvements	139			139
Equipment, furniture and fixtures, and other	80			84
Land	66			66
Construction in progress	21			7
	1,359			1,376
Less: accumulated depreciation	(911		)	(923		)
Property and equipment, net	$	448		$	453

Depreciation expense associated with property and equipment was $121 million, $120 million and $115 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively.

Accrued and Other Current Liabilities

Accrued and other current liabilities as of March 31, 2019 and 2018 consisted of (in millions):



	As of March 31,
	2019		2018
Other accrued expenses	$	290	$	260
Accrued compensation and benefits	238		282
Accrued royalties	144		171
Sales returns and price protection reserves	150		—
Contingent consideration	136		—
Deferred net revenue (other)	94		108
Accrued and other current liabilities	$	1,052	$	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 on April 1, 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 Consolidated Balance Sheets).

Deferred net revenue

Deferred net revenue as of March 31, 2019 and April 1, 2018, as adjusted, consisted of (in millions):



	As of March 31, 2019		As of April 1, 2018 (as adjusted)
Deferred net revenue (online-enabled games)	$	1,100	$	949
Deferred net revenue (other)	94		105
Deferred net revenue (noncurrent)	23		5
Total Deferred net revenue	$	1,217	$	1,059

During the fiscal year ended March 31, 2019, $3,070 million of revenue was recognized, of which $1,054 million was included in the deferred revenue balance as of April 1, 2018, as adjusted.

Remaining Performance Obligations

As of March 31, 2019, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,217 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.