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LEASES
12 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
    Our lease arrangements are primarily for (1) corporate, administrative, and development studio offices and (2) data centers and server equipment. Our existing leases have remaining lease terms ranging from one to fourteen years. In certain instances, such leases include one or more options to renew, with renewal terms that generally extend the lease term by one to five years for each option. The exercise of lease renewal options is generally at our sole discretion. Additionally, the majority of our leases are classified as operating leases.

Information related to our operating leases are as follows:
Fiscal Year Ended March 31,
202420232022
Lease costs
Operating lease costs$80.5 $109.8 $46.3 
Short-term lease costs4.9 4.1 1.4 
During the fiscal year ended March 31, 2023, we recognized a $30.0 impairment loss related to an ROU asset related to Zynga's office space lease in San Francisco, which is available for sublease and not currently used by us due to the continued deterioration of the sublease market, unsuccessful negotiations with a potential sub-tenant, and our decision to change our sublease marketing strategy. This impairment loss is included in General and administrative expense within our Consolidated Statement of Operations and in the Operating lease costs in the table above.
The fair value of the San Francisco Office was estimated using a risk-adjusted, discounted cash flow model with Level 3 inputs. The significant assumptions used in estimating the fair value included the projected sublease income over the remaining lease term, expected downtime prior to the commencement of future subleases, expected rent concessions offered to future tenants and discount rates that reflected the level of risk associated with these future cash flows.
Fiscal Year Ended March 31,
202420232022
Supplemental operating cash flow information
Cash paid for amounts included in the measurement of lease liabilities$73.9 $55.9 $32.8 
ROU assets obtained in exchange for lease obligations89.5 145.3 74.0 
Fiscal Year Ended March 31,
202420232022
Weighted average information
Remaining lease term8.40 years8.93 years10.09 years
Discount rate4.56 %4.33 %4.29 %

Future undiscounted lease payments for our operating lease liabilities, and a reconciliation of these payments to our operating lease liabilities at March 31, 2024, are as follows:
For the years ending March 31,
2025$83.9 
202669.2 
202767.2 
202863.6 
202960.4 
Thereafter199.6 
Total future lease payments$543.9 
Less imputed interest(92.8)
Total lease liabilities$451.1 

As of March 31, 2024, we have entered into facility leases that have not yet commenced with future lease payments of approximately $11.6. These leases are expected to commence within the next twelve months and will have lease terms ranging from three to ten years.