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Balance Sheet Details
 3 Months Ended
Jun. 30, 2021
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(9) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of June 30, 2021 and March 31, 2021 consisted of (in millions):
As of
June 30, 2021
As of
March 31, 2021
Computer, equipment and software$829 $808 
Buildings372 370 
Leasehold improvements184 172 
Equipment, furniture and fixtures, and other95 93 
Land67 66 
Construction in progress29 12 
1,576 1,521 
Less: accumulated depreciation(1,066)(1,030)
Property and equipment, net$510 $491 
Depreciation expense associated with property and equipment was $40 million and $31 million for the three months ended June 30, 2021 and 2020, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of June 30, 2021 and March 31, 2021 consisted of (in millions):
As of
June 30, 2021
As of
March 31, 2021
Other accrued expenses$328 $351 
Accrued compensation and benefits313 494 
Accrued royalties175 210 
Sales returns and price protection reserves88 115 
Deferred net revenue (other)113 95 
Operating lease liabilities76 76 
Accrued and other current liabilities$1,093 $1,341 
Deferred net revenue (other) includes the deferral of subscription revenue, licensing arrangements, advertising revenue, and other revenue for which revenue recognition criteria has not been met.
Deferred net revenue
Deferred net revenue as of June 30, 2021 and March 31, 2021 consisted of (in millions):
As of
June 30, 2021
As of
March 31, 2021
Deferred net revenue (online-enabled games)$1,305 $1,527 
Deferred net revenue (other)113 95 
Deferred net revenue (noncurrent)26 14 
Total deferred net revenue$1,444 $1,636 
During the three months ended June 30, 2021 and 2020, we recognized $961 million and $742 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of June 30, 2021, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,444 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.