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Balance Sheet Details
 9 Months Ended
Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(9) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of December 31, 2021 and March 31, 2021 consisted of (in millions):
As of
December 31, 2021
As of
March 31, 2021
Computer, equipment and software$835 $808 
Buildings370 370 
Leasehold improvements198 172 
Equipment, furniture and fixtures, and other91 93 
Land66 66 
Construction in progress21 12 
1,581 1,521 
Less: accumulated depreciation(1,059)(1,030)
Property and equipment, net$522 $491 
Depreciation expense associated with property and equipment was $41 million and $120 million for the three and nine months ended December 31, 2021, respectively.
Depreciation expense associated with property and equipment was $37 million and $100 million for the three and nine months ended December 31, 2020, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of December 31, 2021 and March 31, 2021 consisted of (in millions):
As of
December 31, 2021
As of
March 31, 2021
Other accrued expenses$354 $351 
Accrued compensation and benefits424 494 
Accrued royalties232 210 
Sales returns and price protection reserves205 115 
Deferred net revenue (other)141 95 
Operating lease liabilities87 76 
Accrued and other current liabilities$1,443 $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 December 31, 2021 and March 31, 2021 consisted of (in millions):
As of
December 31, 2021
As of
March 31, 2021
Deferred net revenue (online-enabled games)$2,101 $1,527 
Deferred net revenue (other)141 95 
Deferred net revenue (noncurrent)76 14 
Total deferred net revenue$2,318 $1,636 
During the nine months ended December 31, 2021 and 2020, we recognized $1,607 million and $1,002 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of December 31, 2021, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $2,318 million and amounts to be invoiced in future periods of $74 million, of which $46 million are expected to be recognized as revenue over the next 12 months, and the remainder thereafter. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.