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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,807 $ 2,085
Short-term investments 735 740
Accounts receivable, net (including receivables from related parties of $248 and $279 as of December 31, 2025 and March 31, 2025, respectively) 984 1,107
Contract assets (including contract assets from related parties of $499 and $152 as of December 31, 2025 and March 31, 2025, respectively) 848 642
Prepaid expenses and other current assets 362 256
Total current assets 5,736 4,830
Non-current assets:    
Property and equipment, net 732 354
Operating lease right-of-use assets 381 320
Finance lease right-of-use assets 76 40
Equity investments (including investments held under fair value option of $157 and $300 as of December 31, 2025 and March 31, 2025, respectively) 369 565
Goodwill 1,625 1,620
Intangible assets, net 240 151
Deferred tax assets 439 401
Non-current portion of contract assets 278 346
Other non-current assets 300 305
Total non-current assets 4,440 4,102
Total assets 10,176 8,932
Current liabilities:    
Accrued compensation and benefits 147 140
Tax liabilities 97 124
Contract liabilities (including contract liabilities from related parties of $91 and $105 as of December 31, 2025 and March 31, 2025, respectively) 331 209
Operating lease liabilities 40 30
Other current liabilities (including payables to related parties of $10 and $11 as of December 31, 2025 and March 31, 2025, respectively) 442 426
Total current liabilities 1,057 929
Non-current liabilities:    
Non-current portion of accrued compensation 30 26
Deferred tax liabilities 6 41
Non-current portion of contract liabilities 720 702
Non-current portion of operating lease liabilities 397 316
Other non-current liabilities 168 79
Total non-current liabilities 1,321 1,164
Total liabilities 2,378 2,093
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Ordinary shares, $0.001 par value; 1,097 shares authorized and 1,062 shares issued and outstanding as of December 31, 2025; and 1,088 shares authorized and 1,057 shares issued and outstanding as of March 31, 2025 2 2
Additional paid-in capital 3,273 2,922
Accumulated other comprehensive income (loss) 389 372
Retained earnings 4,134 3,543
Total shareholders’ equity 7,798 6,839
Total liabilities and shareholders’ equity $ 10,176 $ 8,932