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Balance Sheet Details
 9 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(8) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of December 31, 2022 and March 31, 2022 consisted of (in millions):
As of
December 31, 2022
As of
March 31, 2022
Computer, equipment and software$907 $853 
Buildings367 375 
Leasehold improvements189 202 
Equipment, furniture and fixtures, and other90 95 
Land66 66 
Construction in progress12 30 
1,631 1,621 
Less: accumulated depreciation(1,078)(1,071)
Property and equipment, net$553 $550 
Depreciation expense associated with property and equipment was $46 million and $135 million for the three and nine months ended December 31, 2022, respectively.
Depreciation expense associated with property and equipment was $41 million and $120 million for the three and nine months ended December 31, 2021, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of December 31, 2022 and March 31, 2022 consisted of (in millions):
As of
December 31, 2022
As of
March 31, 2022
Other accrued expenses$378 $304 
Accrued compensation and benefits342 500 
Accrued royalties222 203 
Sales returns and price protection reserves123 144 
Deferred net revenue (other)105 156 
Operating lease liabilities73 81 
Accrued and other current liabilities$1,243 $1,388 
Deferred net revenue (other) includes the deferral of licensing arrangements, subscription revenue, and other revenue for which revenue recognition criteria has not been met.
Deferred net revenue
Deferred net revenue as of December 31, 2022 and March 31, 2022 consisted of (in millions):
As of
December 31, 2022
As of
March 31, 2022
Deferred net revenue (online-enabled games)$1,808 $2,024 
Deferred net revenue (other)105 156 
Deferred net revenue (noncurrent)48 68 
Total deferred net revenue$1,961 $2,248 
During the nine months ended December 31, 2022 and 2021, we recognized $2,124 million and $1,607 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, 2022, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,961 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.