Balance Sheet Components

3 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

2 - Balance Sheet Components

Certain balance sheet components are as follows:

Accrued compensation and benefits consist of:

	As of
(in millions)	June 30, 2024		March 31, 2024
Accrued bonus, commissions, and cash awards	$	6	$	190
Accrued vacation and sabbatical	81		83
Accrued salaries and fringe benefits	10		25
Total accrued compensation and benefits	$	97	$	298

Other current liabilities consist of:

	As of
(in millions)	June 30, 2024		March 31, 2024
Employee related payroll taxes and payables (1)	$	362	$	674
Accrued expenses and fees	75		83
Electronic design automation liabilities	54		40
Trade payables including payables to related parties of $6 and $7 as of June 30, 2024 and March 31, 2024, respectively	46		26
Customer deposits	7		7
Finance lease liabilities	5		5
Total other current liabilities	$	549	$	835

(1)    Employee related payroll taxes and payables are primarily related to vested restricted share units (“RSUs”) during the quarter and paid in the subsequent quarter.