v3.26.1
Balance Sheet Components
 3 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
2 - Balance Sheet Components
Certain balance sheet components are as follows:
Prepaid expenses and other current assets consist of:
As of
(in millions)June 30, 2026March 31, 2026
Research and development tax credit receivables$130 $120 
Prepayments228 169 
Other receivables93 69 
Total prepaid expenses and other current assets$451 $358 
Accrued compensation and benefits consist of:
As of
(in millions)June 30, 2026March 31, 2026
Accrued bonuses and commissions$5 $26 
Accrued vacation and sabbatical113 114 
Accrued salaries and fringe benefits9 7 
Employee Stock Purchase Plan liability29 7 
Total accrued compensation and benefits$156 $154 
Other current liabilities consist of:
As of
(in millions)June 30, 2026March 31, 2026
Employee related payroll taxes and payables (1)
$375 $119 
Accrued expenses and fees192 145 
Electronic design automation liabilities56 78 
Trade payables (including payables to related parties of $30 and $20 as of June 30, 2026 and March 31, 2026, respectively)
52 80 
Finance lease liabilities21 25 
Total other current liabilities$696 $447 
(1)     Employee related payroll taxes and payables are primarily related to vested restricted share units (“RSUs”) during the three months ended June 30, 2026 and March 31, 2026, respectively, which will be or were, as applicable, paid in the subsequent quarter.
Other non-current liabilities consist of:
As of
(in millions)June 30, 2026March 31, 2026
Electronic design automation liabilities$92 $97 
Other non-current liabilities49 64 
Total other non-current liabilities$141 $161