Balance Sheet Details

12 Months Ended

Mar. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Details

(10) BALANCE SHEET DETAILS

Property and Equipment, Net

Property and equipment, net, as of March 31, 2021 and 2020 consisted of (in millions):

	As of March 31,
	2021		2020
Computer, equipment and software	$	808	$	722
Buildings	370		340
Leasehold improvements	172		161
Equipment, furniture and fixtures, and other	93		83
Land	66		65
Construction in progress	12		20
	1,521		1,391
Less: accumulated depreciation	(1,030)		(942)
Property and equipment, net	$	491	$	449

Depreciation expense associated with property and equipment was $138 million, $120 million and $121 million for the fiscal years ended March 31, 2021, 2020 and 2019, respectively.

Accrued and Other Current Liabilities

Accrued and other current liabilities as of March 31, 2021 and 2020 consisted of (in millions):

	As of March 31,
	2021		2020
Other accrued expenses	$	351	$	273
Accrued compensation and benefits	494		326
Accrued royalties	210		171
Sales returns and price protection reserves	115		109
Deferred net revenue (other)	95		104
Operating lease liabilities (See Note 13)	76		69
Accrued and other current liabilities	$	1,341	$	1,052

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

Deferred net revenue as of March 31, 2021 and 2020, consisted of (in millions):

	As of March 31,
	2021		2020
Deferred net revenue (online-enabled games)	$	1,527	$	945
Deferred net revenue (other)	95		104
Deferred net revenue (noncurrent)	14		8
Total deferred net revenue	$	1,636	$	1,057

During the fiscal years ended March 31, 2021 and 2020, we recognized $1,010 million and $1,178 million of revenues, respectively, that were included in the deferred net revenue balance at the beginning of the period.

Remaining Performance Obligations

As of March 31, 2021, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,636 million and amounts to be invoiced and recognized as revenue in future periods of $25 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.