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Balance Sheet Components
 12 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
3 - Balance Sheet Components
Certain balance sheet components are as follows:
Prepaid expenses and other current assets consist of:
As of
(in millions)March 31, 2025March 31, 2024
Research and development tax credit receivables$103 $68 
Prepayments107 49 
Other receivables46 40 
Total prepaid expenses and other current assets$256 $157 
Accrued compensation and benefits consist of:
As of
(in millions)March 31, 2025March 31, 2024
Accrued bonus, commissions, and cash awards$24 $190 
Accrued vacation and sabbatical99 83 
Accrued salaries and fringe benefits12 25 
Employee stock purchase plan liability5 — 
Total accrued compensation and benefits$140 $298 
Other current liabilities consist of:
As of
(in millions)March 31, 2025March 31, 2024
Employee related payroll taxes and payables (1)
$200 $674 
Accrued expenses and fees99 83 
Electronic design automation liabilities47 40 
Trade payables (including payables to related parties of $11 and $7 as of March 31, 2025 and 2024, respectively)
63 26 
Customer deposits7 7 
Finance lease liabilities10 5 
Total other current liabilities$426 $835 
(1)    Employee related payroll taxes and payables are primarily related to vested RSUs during the three months ended March 31, 2025 and 2024, respectively, which will be or were, as applicable, paid in the subsequent quarter.