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Balance Sheet Details
6 Months Ended
Sep. 30, 2020
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
(8) BALANCE SHEET DETAILS
Property and Equipment, Net
Property and equipment, net, as of September 30, 2020 and March 31, 2020 consisted of (in millions):
As of
September 30, 2020
As of
March 31, 2020
Computer, equipment and software$795 $722 
Buildings351 340 
Leasehold improvements168 161 
Equipment, furniture and fixtures, and other87 83 
Land66 65 
Construction in progress20 
1,473 1,391 
Less: accumulated depreciation(1,015)(942)
Property and equipment, net$458 $449 
During the three and six months ended September 30, 2020, depreciation expense associated with property and equipment was $32 million and $63 million, respectively.
During the three and six months ended September 30, 2019, depreciation expense associated with property and equipment was $30 million and $60 million, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of September 30, 2020 and March 31, 2020 consisted of (in millions):
As of
September 30, 2020
As of
March 31, 2020
Other accrued expenses$362 $273 
Accrued compensation and benefits285 326 
Accrued royalties129 171 
Sales returns and price protection reserves72 109 
Deferred net revenue (other)149 104 
Operating lease liabilities86 69 
Accrued and other current liabilities$1,083 $1,052 
Deferred net revenue (other) includes the deferral of subscription revenue, advertising revenue, licensing arrangements, and other revenue for which revenue recognition criteria has not been met.
Deferred net revenue
Deferred net revenue as of September 30, 2020 and March 31, 2020 consisted of (in millions):
As of
September 30, 2020
As of
March 31, 2020
Deferred net revenue (online-enabled games)$639 $945 
Deferred net revenue (other)149 104 
Deferred net revenue (noncurrent)11 
Total Deferred net revenue$799 $1,057 
During the six months ended September 30, 2020 and 2019, we recognized $985 million and $1,131 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.
Remaining Performance Obligations
As of September 30, 2020, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $799 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue. We expect to recognize substantially all of these balances as revenue over the next 12 months.