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Revenue (Tables)
 6 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
A summary of the Company’s disaggregated revenue is as follows:
Three Months Ended September 30,
External CustomersRelated PartiesTotal
(in millions)202420232024202320242023
License and Other Revenue (1)
$240 $294 $90 $94 $330 $388 
Royalty Revenue412 350 102 68 514 418 
$652 $644 $192 $162 $844 $806 
(1)    Includes over-time revenue of $120 million and $30 million, and point-in-time revenue of $210 million and $358 million, for the three months ended September 30, 2024 and 2023, respectively.
Six Months Ended September 30,
External CustomersRelated PartiesTotal
(in millions)202420232024202320242023
License and Other Revenue (1)
$681 $474 $121 $189 $802 $663 
Royalty Revenue786 705 195 113 981 818 
$1,467 $1,179 $316 $302 $1,783 $1,481 
(1)    Includes over-time revenue of $196 million and $47 million, and point-in-time revenue of $606 million and $616 million, for the six months ended September 30, 2024 and 2023, respectively.
Schedule of Revenue from External Customers by Geographic Areas The following table summarizes information pertaining to revenue from customers based on the principal headquarters address by geographic regions:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2024202320242023
United States$292 $331 $850 $623 
PRC (1)
193 178 321 319 
Taiwan155 166 270 281 
Republic of Korea76 62 139 107 
Other countries128 69 203 151 
Total$844 $806 $1,783 $1,481 
(1)    “PRC” means the People’s Republic of China, including the Hong Kong Special Administrative Region and the Macau Special Administrative Region, but excluding Taiwan.
Schedule of Accounts Receivable
A summary of the components of accounts receivable, net is as follows:
As of
(in millions)September 30, 2024March 31, 2024
Trade receivables$617 $405 
Royalty receivables408 379 
Total gross receivables1,025 784 
Allowance for current expected credit losses(19)(3)
Total accounts receivables, net$1,006 $781 
Schedule of Allowance for Credit Losses
A summary of the movement in the allowance for current expected credit losses is as follows:
(in millions)Total
Balance as of March 31, 2024
$3 
Additional provision16 
Balance as of September 30, 2024
$19 
Schedule of Reconciliation of Contract Liabilities
A reconciliation of the movement in contract liabilities is as follows:
(in millions)Total
Balance as of March 31, 2024
$915 
Customer prepayment and billing in advance of performance180 
Revenue recognized in the period that was included in the contract liability balance at the beginning of the period(98)
Revenue recognized in the period that was included in the contract liability balance during the period(75)
Balance as of September 30, 2024
$922