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Balance Sheet Details
 6 Months Ended
Sep. 30, 2023
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of September 30, 2023 and March 31, 2023 consisted of (in millions):
As of
September 30, 2023
As of
March 31, 2023
Computer, equipment and software$916 $892 
Buildings371 369 
Leasehold improvements177 186 
Equipment, furniture and fixtures, and other90 92 
Land66 66 
Construction in progress38 11 
1,658 1,616 
Less: accumulated depreciation(1,116)(1,067)
Property and equipment, net$542 $549 
Depreciation expense associated with property and equipment was $49 million and $98 million for the three and six months ended September 30, 2023, respectively.
Depreciation expense associated with property and equipment was $45 million and $89 million for the three and six months ended September 30, 2022, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of September 30, 2023 and March 31, 2023 consisted of (in millions):
As of
September 30, 2023
As of
March 31, 2023
Accrued compensation and benefits$319 $436 
Accrued royalties176 208 
Deferred net revenue (other)78 103 
Operating lease liabilities70 66 
Other accrued expenses420 382 
Sales returns and price protection reserves75 90 
Accrued and other current liabilities$1,138 $1,285 
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 September 30, 2023 and March 31, 2023 consisted of (in millions):
As of
September 30, 2023
As of
March 31, 2023
Deferred net revenue (online-enabled games)$1,498 $1,901 
Deferred net revenue (other)78 103 
Deferred net revenue (noncurrent)97 67 
Total deferred net revenue$1,673 $2,071 
During the six months ended September 30, 2023 and 2022, we recognized $1,762 million and $1,951 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, 2023, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,673 million and amounts to be invoiced in future periods of $27 million, of which $18 million are expected to be recognized 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. We expect to recognize substantially all of the current portion of deferred net revenue as revenue over the next 12 months.