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Revenue (Tables)
 9 Months Ended
Dec. 31, 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 December 31,
External CustomersRelated PartiesTotal
(in millions)202420232024202320242023
License and Other Revenue (1)
$223 $211 $180 $143 $403 $354 
Royalty Revenue475 365 105 105 580 470 
$698 $576 $285 $248 $983 $824 
(1)    Includes over-time revenue of $135 million and $37 million, and point-in-time revenue of $268 million and $317 million, for the three months ended December 31, 2024 and 2023, respectively.
Nine Months Ended December 31,
External CustomersRelated PartiesTotal
(in millions)202420232024202320242023
License and Other Revenue (1)
$904 $685 $301 $332 $1,205 $1,017 
Royalty Revenue1,261 1,070 300 218 1,561 1,288 
$2,165 $1,755 $601 $550 $2,766 $2,305 
(1)    Includes over-time revenue of $331 million and $84 million, and point-in-time revenue of $874 million and $933 million, for the nine months ended December 31, 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 December 31,Nine Months Ended December 31,
(in millions)2024202320242023
United States$305 $387 $1,155 $1,010 
PRC (1)
243 206 564 525 
Taiwan169 100 439 381 
Republic of Korea99 50 238 157 
Other countries167 81 370 232 
Total$983 $824 $2,766 $2,305 
(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)December 31, 2024March 31, 2024
Accounts receivable960 784 
Allowance for current expected credit losses(20)(3)
Total accounts receivable, net$940 $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 provision17 
Balance as of December 31, 2024
$20 
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 performance281 
Revenue recognized in the period that was included in the contract liability balance at the beginning of the period(128)
Revenue recognized in the period that was included in the contract liability balance during the period(142)
Balance as of December 31, 2024
$926