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Commitments And Contingencies
 3 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Development, Celebrity, Professional Sports Organizations and Other 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 other 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 the cash payments for flat fees, minimum guaranteed payments, and service payments. The majority of these commitments are conditional upon performance by the counterparty. These payments and any related marketing and development commitments are included in the table below.
The following table summarizes our minimum contractual obligations as of June 30, 2024 (in millions):
Fiscal Years Ending March 31,
2025
(Remaining
Totalnine mos.)20262027202820292030Thereafter
Unrecognized commitments
Developer/licensor commitments$1,889 $323 $443 $468 $215 $210 $134 $96 
Marketing commitments1,253 146 271 274 199 112 143 108 
Senior Notes interest711 35 54 36 36 36 36 478 
Operating lease imputed interest39 7 8 6 5 4 3 6 
Operating leases not yet commenced (a)
97 5 8 8 8 8 8 52 
Other purchase obligations402 172 162 53 11 3 1 — 
Total unrecognized commitments4,391 688 946 845 474 373 325 740 
Recognized commitments
Senior Notes principal and interest1,920 20 400 — — — — 1,500 
Operating leases303 49 55 43 31 20 21 84 
Transition Tax and other taxes13 6 7 — — — — — 
Total recognized commitments2,236 75 462 43 31 20 21 1,584 
Total Commitments$6,627 $763 $1,408 $888 $505 $393 $346 $2,324 
(a)As of June 30, 2024, we have entered into an office lease that is expected to commence in fiscal year 2025, with aggregate future lease payments of approximately $97 million and a lease term of 12 years.
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 Condensed Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of June 30, 2024; 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, as of June 30, 2024, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $518 million, of which we are unable to make a reasonably reliable estimate of when cash settlement with a taxing authority will occur.
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 Condensed Consolidated Financial Statements.