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Balance Sheet Components
 3 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
2 - Balance Sheet Components
Certain balance sheet components are as follows:
Prepaid expenses and other current assets consist of:
As of
(in millions)June 30, 2025March 31, 2025
Research and development tax credit receivables$107 $103 
Prepayments115 107 
Other receivables85 46 
Total prepaid expenses and other current assets$307 $256 
Accrued compensation and benefits consist of:
As of
(in millions)June 30, 2025March 31, 2025
Accrued bonus, commissions, and cash awards$5 $24 
Accrued vacation and sabbatical99 99 
Accrued salaries and fringe benefits9 12 
Employee stock purchase plan liability24 5 
Total accrued compensation and benefits$137 $140 
Other current liabilities consist of:
As of
(in millions)June 30, 2025March 31, 2025
Employee related payroll taxes and payables (1)
$241 $200 
Accrued expenses and fees111 99 
Electronic design automation liabilities61 47 
Trade payables (including payables to related parties of $10 and $11 as of June 30, 2025 and March 31, 2025, respectively)
71 63 
Customer deposits7 7 
Finance lease liabilities21 10 
Total other current liabilities$512 $426 
(1)    Employee related payroll taxes and payables are primarily related to vested restricted share units (“RSUs”) during the three months ended June 30, 2025 and March 31, 2025, respectively, which will be or were, as applicable, paid in the subsequent quarter.
Other non-current liabilities consist of:
As of
(in millions)June 30, 2025March 31, 2025
Electronic design automation liabilities$135 $40 
Other non-current liabilities52 39 
Total other non-current liabilities$187 $79