Balance Sheet Components (Tables)

9 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accrued Compensation and Benefits and Share-based Compensation

Accrued compensation and benefits and share-based compensation consist of:

(in millions)	As of December 31, 2023		As of March 31, 2023
Accrued bonus, commissions, and cash awards	$	125	$	257
Accrued vacation and sabbatical	70		66
Accrued salaries and fringe benefits	7		11
Share-based payment liabilities (1)	9		255
Total accrued compensation and benefits and share-based compensation	$	211	$	589

(1)     In connection with the IPO, the Company paid $244.0 million arising from the normal vesting of liability-classified share-based awards under the 2022 RSU Plan. After completion of the IPO, awards within this plan all are equity-classified. See Note 9 - Share-based Compensation in the Notes to the Condensed Consolidated Financial Statements.

Schedule of Other Current Liabilities

Other current liabilities consist of:

(in millions)	As of December 31, 2023		As of March 31, 2023
Employee related payroll taxes and payables	$	108	$	48
Accrued expenses and fees	84		119
Electronic design automation liabilities	44		35
Trade payables	31		82
Customer deposits	7		7
Finance lease liabilities	5		2
Total other current liabilities	$	279	$	293