v3.26.1
Balance Sheet Components
 12 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
3 - Balance Sheet Components
Certain balance sheet components are as follows:
Prepaid expenses and other current assets consist of:
As of
(in millions)March 31, 2026March 31, 2025
Research and development tax credit receivables$120 $103 
Prepayments169 107 
Other receivables69 46 
Total prepaid expenses and other current assets$358 $256 
Accrued compensation and benefits consist of:
As of
(in millions)March 31, 2026March 31, 2025
Accrued bonus, commissions, and cash awards$26 $24 
Accrued vacation and sabbatical114 99 
Accrued salaries and fringe benefits7 12 
Employee Stock Purchase Plan liability7 5 
Total accrued compensation and benefits$154 $140 
Other current liabilities consist of:
As of
(in millions)March 31, 2026March 31, 2025
Employee related payroll taxes and payables (1)
$119 $200 
Accrued expenses and fees145 99 
Electronic design automation liabilities78 47 
Trade payables (including payables to related parties of $20 and $11 as of March 31, 2026 and 2025, respectively)
80 63 
Customer deposits— 7 
Finance lease liabilities25 10 
Total other current liabilities$447 $426 
(1)    Employee related payroll taxes and payables are primarily related to vested RSUs during the three months ended March 31, 2026 and 2025, respectively, which will be or were, as applicable, paid in the subsequent quarter.
Other non-current liabilities consist of:
As of
(in millions)March 31, 2026March 31, 2025
Electronic design automation liabilities$97 $40 
Other non-current liabilities64 39 
Total other non-current liabilities$161 $79