v3.26.1
Balance Sheet Details
 3 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of June 30, 2026 and March 31, 2026 consisted of (in millions):
As of
June 30, 2026
As of
March 31, 2026
Computer, equipment and software$1,146 $1,117 
Buildings400 393 
Leasehold improvements233 237 
Equipment, furniture and fixtures, and other117 119 
Land66 66 
Construction in progress38 38 
2,000 1,970 
Less: accumulated depreciation(1,382)(1,357)
Property and equipment, net$618 $613 
Depreciation expense associated with property and equipment was $56 million and $52 million for the three months ended June 30, 2026 and 2025, respectively.
Accounts Payable, Accrued, and Other Current Liabilities
Accounts payable, accrued, and other current liabilities as of June 30, 2026 and March 31, 2026 consisted of (in millions):
As of
June 30, 2026
As of
March 31, 2026
Accounts payable$88 $128 
Accrued compensation and benefits353 563 
Accrued royalties206 221 
Deferred net revenue (other)136 112 
Operating lease liabilities62 63 
Other accrued expenses316 396 
Sales returns and price protection reserves56 81 
Accounts payable, accrued, and other current liabilities$1,217 $1,564 
Deferred net revenue (other) includes the deferral of licensing arrangements, subscription revenue, and other revenue for which revenue recognition criteria has not been met.
Other Non-Current Liabilities
Other non-current liabilities as of June 30, 2026 and March 31, 2026 consisted of (in millions):
As of
June 30, 2026
As of
March 31, 2026
Operating lease liabilities$323 $306 
Deferred net revenue (noncurrent)126 70 
Other122 105 
Other non-current liabilities$571 $481 
Deferred net revenue
Deferred net revenue as of June 30, 2026 and March 31, 2026 consisted of (in millions):
As of
June 30, 2026
As of
March 31, 2026
Deferred net revenue (online-enabled games)$1,583 $2,233 
Deferred net revenue (other)136 112 
Deferred net revenue (noncurrent)126 70 
Total deferred net revenue$1,845 $2,415 
During the three months ended June 30, 2026 and 2025, we recognized $1,399 million and $1,065 million of net revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of June 30, 2026, revenue allocated to remaining performance obligations consists of our deferred net revenue balance of $1,845 million and amounts to be invoiced in future periods of $245 million. Of those amounts to be invoiced, $17 million is expected to be recognized as net revenue over the next 12 months, and the remainder thereafter. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.