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Balance Sheet Details
 9 Months Ended
Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of December 31, 2023 and March 31, 2023 consisted of (in millions):
As of
December 31, 2023
As of
March 31, 2023
Computer, equipment and software$961 $892 
Buildings377 369 
Leasehold improvements183 186 
Equipment, furniture and fixtures, and other94 92 
Land67 66 
Construction in progress38 11 
1,720 1,616 
Less: accumulated depreciation(1,159)(1,067)
Property and equipment, net$561 $549 
Depreciation expense associated with property and equipment was $48 million and $146 million for the three and nine months ended December 31, 2023, respectively.
Depreciation expense associated with property and equipment was $46 million and $135 million for the three and nine months ended December 31, 2022, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of December 31, 2023 and March 31, 2023 consisted of (in millions):
As of
December 31, 2023
As of
March 31, 2023
Accrued compensation and benefits$417 $436 
Accrued royalties200 208 
Deferred net revenue (other)68 103 
Operating lease liabilities71 66 
Other accrued expenses395 382 
Sales returns and price protection reserves148 90 
Accrued and other current liabilities$1,299 $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 December 31, 2023 and March 31, 2023 consisted of (in millions):
As of
December 31, 2023
As of
March 31, 2023
Deferred net revenue (online-enabled games)$1,919 $1,901 
Deferred net revenue (other)68 103 
Deferred net revenue (noncurrent)93 67 
Total deferred net revenue$2,080 $2,071 
During the nine months ended December 31, 2023 and 2022, we recognized $1,942 million and $2,124 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, 2023, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $2,080 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.