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Balance Sheet Details
 6 Months Ended
Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(9) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of September 30, 2021 and March 31, 2021 consisted of (in millions):
As of
September 30, 2021
As of
March 31, 2021
Computer, equipment and software$821 $808 
Buildings369 370 
Leasehold improvements186 172 
Equipment, furniture and fixtures, and other93 93 
Land66 66 
Construction in progress46 12 
1,581 1,521 
Less: accumulated depreciation(1,065)(1,030)
Property and equipment, net$516 $491 
Depreciation expense associated with property and equipment was $39 million and $79 million for the three and six months ended September 30, 2021, respectively.
Depreciation expense associated with property and equipment was $32 million and $63 million for the three and six months ended September 30, 2020, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of September 30, 2021 and March 31, 2021 consisted of (in millions):
As of
September 30, 2021
As of
March 31, 2021
Other accrued expenses$343 $351 
Accrued compensation and benefits338 494 
Accrued royalties172 210 
Sales returns and price protection reserves99 115 
Deferred net revenue (other)99 95 
Operating lease liabilities68 76 
Accrued and other current liabilities$1,119 $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 September 30, 2021 and March 31, 2021 consisted of (in millions):
As of
September 30, 2021
As of
March 31, 2021
Deferred net revenue (online-enabled games)$1,322 $1,527 
Deferred net revenue (other)99 95 
Deferred net revenue (noncurrent)23 14 
Total deferred net revenue$1,444 $1,636 
During the six months ended September 30, 2021 and 2020, we recognized $1,504 million and $985 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of September 30, 2021, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,444 million and amounts to be invoiced and recognized as revenue in future periods of $89 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.