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Commitments And Contingencies
 12 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Development, Celebrity, Professional Sports Organizations and Content Licenses: Payments and Commitments
The products we produce in our studios are designed and created by our employee designers, artists, software programmers and by non-employee software developers (“independent artists” or “third-party developers”). We typically advance development funds to the independent artists and third-party developers during development of our games, usually in installment payments made upon the completion of specified development milestones. Contractually, these payments are generally considered advances against subsequent royalties on the sales of the products. These terms are set forth in written agreements entered into with the independent artists and third-party developers.
In addition, we have certain celebrity, professional sports organizations and content license contracts that contain minimum guarantee payments and marketing commitments to promote the games we publish that may not be dependent on any deliverables. These developer and content license commitments represent the sum of (1) the cash payments due under non-royalty-bearing licenses and services agreements and (2) the minimum guaranteed payments and advances against royalties due under royalty-bearing licenses and services agreements, the majority of which are conditional upon performance by the counterparty. These minimum guarantee payments and any related marketing commitments are included in the table below.
The following table summarizes our minimum contractual obligations as of March 31, 2023 (in millions):
Fiscal Years Ending March 31,
Total20242025202620272028Thereafter
Unrecognized commitments
Developer/licensor commitments$2,011 $349 $480 $434 $384 $146 $218 
Marketing commitments971 256 245 197 154 67 52 
Senior Notes interest781 49 55 54 36 36 551 
Operating lease imputed interest44 10 8 7 5 4 10 
Operating leases not yet commenced98 — 3 8 8 8 71 
Other purchase obligations201 130 51 14 4 2 — 
Total unrecognized commitments4,106 794 842 714 591 263 902 
Recognized commitments
Senior Notes principal and interest1,906 6 — 400 — — 1,500 
Operating leases387 73 69 56 41 32 116 
Transition Tax and other taxes17 4 6 7 — — — 
Total recognized commitments2,310 83 75 463 41 32 1,616 
Total Commitments$6,416 $877 $917 $1,177 $632 $295 $2,518 
The unrecognized amounts represented in the table above reflect our minimum cash obligations for the respective fiscal years, but do not necessarily represent the periods in which they will be recognized and expensed in our Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of March 31, 2023; however, certain payment obligations may be accelerated depending on the performance of our operating results.
In addition to the amounts included in the table above, in our Consolidated Balance Sheets as of March 31, 2023, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $594 million, of which we are unable to make a reasonably reliable estimate of when cash settlement with a taxing authority will occur.
Subsequent to March 31, 2023, we entered into certain agreements with third parties which are not included in the table above, and contingently commit us to pay an additional $125 million at various dates through fiscal year 2028.
Legal Proceedings
We are subject to claims and litigation arising in the ordinary course of business. We do not believe that any liability from any reasonably foreseeable disposition of such claims and litigation, individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements.