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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,465 $ 1,923
Short-term investments 1,000 1,000
Accounts receivable, net (including receivables from related parties of $146 and $182 as of June 30, 2024 and March 31, 2024, respectively) 804 781
Contract assets (including contract assets from related parties of $13 and $22 as of June 30, 2024 and March 31, 2024, respectively) 455 336
Prepaid expenses and other current assets 116 157
Total current assets 3,840 4,197
Non-current assets:    
Property and equipment, net 231 215
Operating lease right-of-use assets 233 205
Equity investments (including investments held at fair value of $573 and $573 as of June 30, 2024 and March 31, 2024, respectively) 800 741
Goodwill 1,625 1,625
Intangible assets, net 159 152
Deferred tax assets 324 282
Non-current portion of contract assets 363 240
Other non-current assets 305 270
Total non-current assets 4,040 3,730
Total assets 7,880 7,927
Current liabilities:    
Accrued compensation and benefits 97 298
Tax liabilities 182 147
Contract liabilities (including contract liabilities from related parties of $114 and $107 as of June 30, 2024 and March 31, 2024, respectively) 209 198
Operating lease liabilities 28 27
Other current liabilities (including payables to related parties of $6 and $7 as of June 30, 2024 and March 31, 2024, respectively) 549 835
Total current liabilities 1,065 1,505
Non-current liabilities:    
Non-current portion of accrued compensation 20 20
Deferred tax liabilities 142 135
Non-current portion of contract liabilities 715 717
Non-current portion of operating lease liabilities 221 194
Other non-current liabilities 54 61
Total non-current liabilities 1,152 1,127
Total liabilities 2,217 2,632
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Ordinary shares, $0.001 par value; 1,088 shares authorized and 1,048 shares issued and outstanding as of June 30, 2024; and 1,088 shares authorized and 1,040 shares issued and outstanding as of March 31, 2024 2 2
Additional paid-in capital 2,316 2,171
Accumulated other comprehensive income 371 371
Retained earnings 2,974 2,751
Total shareholders’ equity 5,663 5,295
Total liabilities and shareholders’ equity $ 7,880 $ 7,927