QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
(Address of principal executive offices) | (Zip Code) |
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
☑ | Accelerated filer | ☐ | |||||||||
Non-accelerated filer | ☐ | Smaller reporting company | |||||||||
Emerging growth company | ☐ |
Page | ||||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 1. | ||||||||
Item 1A. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 6. | ||||||||
(Unaudited) (In millions, except par value data) | March 31, 2021 (a) | ||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | $ | |||||||||
Short-term investments | |||||||||||
Receivables, net | |||||||||||
Other current assets | |||||||||||
Total current assets | |||||||||||
Property and equipment, net | |||||||||||
Goodwill | |||||||||||
Acquisition-related intangibles, net | |||||||||||
Deferred income taxes, net | |||||||||||
Other assets | |||||||||||
TOTAL ASSETS | $ | $ | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | $ | |||||||||
Accrued and other current liabilities | |||||||||||
Deferred net revenue (online-enabled games) | |||||||||||
Total current liabilities | |||||||||||
Senior notes, net | |||||||||||
Income tax obligations | |||||||||||
Deferred income taxes, net | |||||||||||
Other liabilities | |||||||||||
Total liabilities | |||||||||||
Stockholders’ equity: | |||||||||||
Common stock, $ | |||||||||||
Additional paid-in capital | |||||||||||
Retained earnings | |||||||||||
Accumulated other comprehensive loss | ( | ( | |||||||||
Total stockholders’ equity | |||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | $ |
(Unaudited) | Three Months Ended June 30, | ||||||||||
(In millions, except per share data) | 2021 | 2020 | |||||||||
Net revenue | $ | $ | |||||||||
Cost of revenue | |||||||||||
Gross profit | |||||||||||
Operating expenses: | |||||||||||
Research and development | |||||||||||
Marketing and sales | |||||||||||
General and administrative | |||||||||||
Amortization of intangibles | |||||||||||
Total operating expenses | |||||||||||
Operating income | |||||||||||
Interest and other income (expense), net | ( | ( | |||||||||
Income before provision for income taxes | |||||||||||
Provision for income taxes | |||||||||||
Net income | $ | $ | |||||||||
Earnings per share: | |||||||||||
Basic | $ | $ | |||||||||
Diluted | $ | $ | |||||||||
Number of shares used in computation: | |||||||||||
Basic | |||||||||||
Diluted |
(Unaudited) | Three Months Ended June 30, | ||||||||||
(In millions) | 2021 | 2020 | |||||||||
Net income | $ | $ | |||||||||
Other comprehensive income (loss), net of tax: | |||||||||||
Net gains (losses) on available-for-sale securities | |||||||||||
Net gains (losses) on derivative instruments | ( | ||||||||||
Foreign currency translation adjustments | |||||||||||
Total other comprehensive income (loss), net of tax | ( | ||||||||||
Total comprehensive income | $ | $ |
(Unaudited) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (loss) | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||
(In millions, except per share data) | Shares | Amount | ||||||||||||||||||||||||||||||||||||
Balances as of March 31, 2021 | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||||||
Total comprehensive income | — | — | — | |||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | — | ||||||||||||||||||||||||||||||||||
Awards assumed upon acquisition(a) | — | — | — | — | ||||||||||||||||||||||||||||||||||
Issuance of common stock | — | ( | — | — | ( | |||||||||||||||||||||||||||||||||
Repurchase and retirement of common stock | ( | — | ( | ( | — | ( | ||||||||||||||||||||||||||||||||
Cash dividends declared ($ | — | — | — | ( | — | ( | ||||||||||||||||||||||||||||||||
Balances as of | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||||||
(Unaudited) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (loss) | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||
(In millions, except per share data) | Shares | Amount | ||||||||||||||||||||||||||||||||||||
Balances as of March 31, 2020 | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||||||
Total comprehensive income | — | — | — | ( | ||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | — | ||||||||||||||||||||||||||||||||||
Issuance of common stock | — | ( | — | — | ( | |||||||||||||||||||||||||||||||||
Repurchase and retirement of common stock | ( | — | ( | ( | — | ( | ||||||||||||||||||||||||||||||||
Balances as of June 30, 2020 | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||||||
(Unaudited) | Three Months Ended June 30, | ||||||||||
(In millions) | 2021 | 2020 | |||||||||
OPERATING ACTIVITIES | |||||||||||
Net income | $ | $ | |||||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||
Depreciation, amortization and accretion | |||||||||||
Stock-based compensation | |||||||||||
Change in assets and liabilities: | |||||||||||
Receivables, net | ( | ||||||||||
Other assets | ( | ||||||||||
Accounts payable | ( | ( | |||||||||
Accrued and other liabilities | ( | ( | |||||||||
Deferred income taxes, net | |||||||||||
Deferred net revenue (online-enabled games) | ( | ( | |||||||||
Net cash provided by (used in) operating activities | ( | ||||||||||
INVESTING ACTIVITIES | |||||||||||
Capital expenditures | ( | ( | |||||||||
Proceeds from maturities and sales of short-term investments | |||||||||||
Purchase of short-term investments | ( | ( | |||||||||
Acquisitions, net of cash acquired | ( | ||||||||||
Net cash used in investing activities | ( | ( | |||||||||
FINANCING ACTIVITIES | |||||||||||
Proceeds from issuance of common stock | |||||||||||
Cash dividends paid | ( | ||||||||||
Cash paid to taxing authorities for shares withheld from employees | ( | ( | |||||||||
Repurchase and retirement of common stock | ( | ( | |||||||||
Net cash used in financing activities | ( | ( | |||||||||
Effect of foreign exchange on cash and cash equivalents | |||||||||||
Increase (decrease) in cash and cash equivalents | ( | ||||||||||
Beginning cash and cash equivalents | |||||||||||
Ending cash and cash equivalents | $ | $ | |||||||||
Supplemental cash flow information: | |||||||||||
Cash paid during the period for income taxes, net | $ | $ | |||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||||||||||||||
As of | Quoted Prices in Active Markets for Identical Financial Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Balance Sheet Classification | |||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||
Bank and time deposits | $ | $ | $ | — | $ | — | Cash equivalents | ||||||||||||||||||||||
Money market funds | — | — | Cash equivalents | ||||||||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||||||
Corporate bonds | — | — | Short-term investments | ||||||||||||||||||||||||||
U.S. Treasury securities | — | — | Short-term investments | ||||||||||||||||||||||||||
U.S. agency securities | — | — | Short-term investments | ||||||||||||||||||||||||||
Commercial paper | — | — | Short-term investments | ||||||||||||||||||||||||||
Foreign government securities | — | — | Short-term investments | ||||||||||||||||||||||||||
Asset-backed securities | — | — | Short-term investments | ||||||||||||||||||||||||||
Certificates of deposit | — | — | Short-term investments | ||||||||||||||||||||||||||
Foreign currency derivatives | — | — | Other current assets and other assets | ||||||||||||||||||||||||||
Deferred compensation plan assets (a) | — | — | Other assets | ||||||||||||||||||||||||||
Total assets at fair value | $ | $ | $ | $ | |||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||
Foreign currency derivatives | $ | $ | — | $ | $ | — | Accrued and other current liabilities and other liabilities | ||||||||||||||||||||||
Deferred compensation plan liabilities (a) | — | — | Other liabilities | ||||||||||||||||||||||||||
Total liabilities at fair value | $ | $ | $ | $ |
Fair Value Measurements at Reporting Date Using | |||||||||||||||||||||||||||||
As of March 31, 2021 | Quoted Prices in Active Markets for Identical Financial Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Balance Sheet Classification | |||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||
Bank and time deposits | $ | $ | $ | — | $ | — | Cash equivalents | ||||||||||||||||||||||
Money market funds | — | — | Cash equivalents | ||||||||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||||||
Corporate bonds | — | — | Short-term investments and cash equivalents | ||||||||||||||||||||||||||
U.S. Treasury securities | — | — | Short-term investments and cash equivalents | ||||||||||||||||||||||||||
U.S. agency securities | — | — | Short-term investments | ||||||||||||||||||||||||||
Commercial paper | — | — | Short-term investments and cash equivalents | ||||||||||||||||||||||||||
Foreign government securities | — | — | Short-term investments | ||||||||||||||||||||||||||
Asset-backed securities | — | — | Short-term investments | ||||||||||||||||||||||||||
Certificates of deposit | — | — | Short-term investments | ||||||||||||||||||||||||||
Foreign currency derivatives | — | — | Other current assets and other assets | ||||||||||||||||||||||||||
Deferred compensation plan assets (a) | — | — | Other assets | ||||||||||||||||||||||||||
Total assets at fair value | $ | $ | $ | $ | |||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||
Foreign currency derivatives | $ | $ | — | $ | $ | — | Accrued and other current liabilities and other liabilities | ||||||||||||||||||||||
Deferred compensation plan liabilities (a) | — | — | Other liabilities | ||||||||||||||||||||||||||
Total liabilities at fair value | $ | $ | $ | $ |
As of | As of March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost or Amortized Cost | Gross Unrealized | Fair Value | Cost or Amortized Cost | Gross Unrealized | Fair Value | ||||||||||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | ||||||||||||||||||||||||||||||||||||||||||||
Corporate bonds | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
U.S. Treasury securities | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. agency securities | |||||||||||||||||||||||||||||||||||||||||||||||
Commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||
Foreign government securities | |||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||||||||||||||||||||||||
Certificates of deposit | |||||||||||||||||||||||||||||||||||||||||||||||
Short-term investments | $ | $ | $ | $ | $ | $ | $ | $ |
As of | As of March 31, 2021 | ||||||||||||||||||||||
Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||||||||||||
Short-term investments | |||||||||||||||||||||||
Due within 1 year | $ | $ | $ | $ | |||||||||||||||||||
Due 1 year through 5 years | |||||||||||||||||||||||
Due after 5 years | |||||||||||||||||||||||
Short-term investments | $ | $ | $ | $ |
As of | As of March 31, 2021 | ||||||||||||||||||||||||||||||||||
Notional Amount | Fair Value | Notional Amount | Fair Value | ||||||||||||||||||||||||||||||||
Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||
Forward contracts to purchase | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Forward contracts to sell | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
Net revenue | Research and development | Net revenue | Research and development | ||||||||||||||||||||
Total amounts presented in our Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded | $ | $ | $ | $ | |||||||||||||||||||
Gains (losses) on foreign currency forward contracts designated as cash flow hedges | $ | ( | $ | $ | $ | ( |
As of | As of March 31, 2021 | ||||||||||||||||||||||||||||||||||
Notional Amount | Fair Value | Notional Amount | Fair Value | ||||||||||||||||||||||||||||||||
Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||
Forward contracts to purchase | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Forward contracts to sell | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Interest and other income (expense), net | |||||||||||
Total amounts presented in our Condensed Consolidated Statements of Operations in which the effects of balance sheet hedges are recorded | $ | ( | $ | ( | |||||||
Gain (losses) on foreign currency forward contracts not designated as hedging instruments | $ | ( | $ | ( |
Unrealized Net Gains (Losses) on Available-for-Sale Securities | Unrealized Net Gains (Losses) on Derivative Instruments | Foreign Currency Translation Adjustments | Total | ||||||||||||||||||||
Balances as of March 31, 2021 | $ | $ | ( | $ | ( | $ | ( | ||||||||||||||||
Other comprehensive income (loss) before reclassifications | ( | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | |||||||||||||||||||||||
Total other comprehensive income (loss), net of tax | |||||||||||||||||||||||
Balances as of June 30, 2021 | $ | $ | ( | $ | ( | $ | ( |
Unrealized Net Gains (Losses) on Available-for-Sale Securities | Unrealized Net Gains (Losses) on Derivative Instruments | Foreign Currency Translation Adjustments | Total | ||||||||||||||||||||
Balances as of March 31, 2020 | $ | ( | $ | $ | ( | $ | ( | ||||||||||||||||
Other comprehensive income (loss) before reclassifications | ( | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | ( | ( | |||||||||||||||||||||
Total other comprehensive income (loss), net of tax | ( | ( | |||||||||||||||||||||
Balances as of June 30, 2020 | $ | $ | $ | ( | $ | ( |
Amount Reclassified From Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Statement of Operations Classification | Three Months Ended | Three Months Ended June 30, 2020 | ||||||||||||
(Gains) losses on foreign currency forward contracts designated as cash flow hedges | ||||||||||||||
Net revenue | $ | $ | ( | |||||||||||
Research and development | ( | |||||||||||||
Total net (gain) loss reclassified, net of tax | $ | $ | ( |
(In millions) | |||||
Current assets | $ | ||||
Property and equipment, net | |||||
Other assets | |||||
Intangible assets | |||||
Goodwill | |||||
Deferred tax liabilities | ( | ||||
Current liabilities | ( | ||||
Other liabilities | ( | ||||
Purchase price, net of cash acquired | $ |
As of March 31, 2021 | Activity | Effects of Foreign Currency Translation | As of | ||||||||||||||||||||
Goodwill | $ | $ | $ | $ | |||||||||||||||||||
Accumulated impairment | ( | — | — | ( | |||||||||||||||||||
Total | $ | $ | $ | $ |
As of | As of March 31, 2021 | ||||||||||||||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Acquisition- Related Intangibles, Net | Gross Carrying Amount | Accumulated Amortization | Acquisition- Related Intangibles, Net | ||||||||||||||||||||||||||||||
Developed and core technology | $ | $ | ( | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||
Trade names and trademarks | ( | ( | |||||||||||||||||||||||||||||||||
Registered user base and other intangibles | ( | ( | |||||||||||||||||||||||||||||||||
Carrier contracts and related | ( | ( | |||||||||||||||||||||||||||||||||
In-process research and development | |||||||||||||||||||||||||||||||||||
Total | $ | $ | ( | $ | $ | $ | ( | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Cost of revenue | $ | $ | |||||||||
Operating expenses | |||||||||||
Total | $ | $ |
Fiscal Year Ending March 31, | |||||
2022 (remaining nine months) | $ | ||||
2023 | |||||
2024 | |||||
2025 | |||||
2026 | |||||
2027 | |||||
2028 and thereafter | |||||
Total | $ |
As of | As of March 31, 2021 | ||||||||||
Other current assets | $ | $ | |||||||||
Other assets | |||||||||||
Royalty-related assets | $ | $ |
As of | As of March 31, 2021 | ||||||||||
Computer, equipment and software | $ | $ | |||||||||
Buildings | |||||||||||
Leasehold improvements | |||||||||||
Equipment, furniture and fixtures, and other | |||||||||||
Land | |||||||||||
Construction in progress | |||||||||||
Less: accumulated depreciation | ( | ( | |||||||||
Property and equipment, net | $ | $ |
As of | As of March 31, 2021 | ||||||||||
Other accrued expenses | $ | $ | |||||||||
Accrued compensation and benefits | |||||||||||
Accrued royalties | |||||||||||
Sales returns and price protection reserves | |||||||||||
Deferred net revenue (other) | |||||||||||
Operating lease liabilities | |||||||||||
Accrued and other current liabilities | $ | $ |
As of | As of March 31, 2021 | ||||||||||
Deferred net revenue (online-enabled games) | $ | $ | |||||||||
Deferred net revenue (other) | |||||||||||
Deferred net revenue (noncurrent) | |||||||||||
Total deferred net revenue | $ | $ |
As of | As of March 31, 2021 | ||||||||||
Senior Notes: | |||||||||||
4.80% Senior Notes due 2026 | $ | $ | |||||||||
1.85% Senior Notes due 2031 | |||||||||||
2.95% Senior Notes due 2051 | |||||||||||
Total principal amount | $ | $ | |||||||||
Unaccreted discount | ( | ( | |||||||||
Unamortized debt issuance costs | ( | ( | |||||||||
Net carrying value of Senior Notes | $ | $ | |||||||||
Fair value of Senior Notes (Level 2) | $ | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Amortization of debt issuance costs | $ | $ | ( | ||||||||
Coupon interest expense | ( | ( | |||||||||
Total interest expense | $ | ( | $ | ( |
Fiscal Years Ending March 31, | |||||||||||||||||||||||||||||||||||||||||||||||
2022 | |||||||||||||||||||||||||||||||||||||||||||||||
(Remaining | |||||||||||||||||||||||||||||||||||||||||||||||
Total | nine mos.) | 2023 | 2024 | 2025 | 2026 | 2027 | Thereafter | ||||||||||||||||||||||||||||||||||||||||
Unrecognized commitments | |||||||||||||||||||||||||||||||||||||||||||||||
Developer/licensor commitments | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Marketing commitments | |||||||||||||||||||||||||||||||||||||||||||||||
Senior Notes interest | |||||||||||||||||||||||||||||||||||||||||||||||
Operating lease imputed interest | |||||||||||||||||||||||||||||||||||||||||||||||
Operating leases not yet commenced (a) | |||||||||||||||||||||||||||||||||||||||||||||||
Other purchase obligations | |||||||||||||||||||||||||||||||||||||||||||||||
Total unrecognized commitments | |||||||||||||||||||||||||||||||||||||||||||||||
Recognized commitments | |||||||||||||||||||||||||||||||||||||||||||||||
Senior Notes principal and interest | |||||||||||||||||||||||||||||||||||||||||||||||
Operating leases | |||||||||||||||||||||||||||||||||||||||||||||||
Transition Tax and other taxes | |||||||||||||||||||||||||||||||||||||||||||||||
Licensing commitments | |||||||||||||||||||||||||||||||||||||||||||||||
Total recognized commitments | |||||||||||||||||||||||||||||||||||||||||||||||
Total Commitments | $ | $ | $ | $ | $ | $ | $ | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Risk-free interest rate | |||||||||||
Expected volatility | |||||||||||
Weighted-average volatility | |||||||||||
Expected dividends |
Options (in thousands) | Weighted- Average Exercise Prices | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (in millions) | |||||||||||||||||||||||
Outstanding as of March 31, 2021 | $ | |||||||||||||||||||||||||
Assumed via acquisition | ||||||||||||||||||||||||||
Granted | ||||||||||||||||||||||||||
Exercised | ( | |||||||||||||||||||||||||
Forfeited, cancelled or expired | ( | |||||||||||||||||||||||||
Outstanding as of | $ | $ | ||||||||||||||||||||||||
Vested and expected to vest | $ | $ | ||||||||||||||||||||||||
Exercisable as of | $ | $ |
Restricted Stock Rights (in thousands) | Weighted- Average Grant Date Fair Values | ||||||||||
Outstanding as of March 31, 2021 | $ | ||||||||||
Assumed via acquisition | |||||||||||
Granted | |||||||||||
Vested | ( | ||||||||||
Forfeited or cancelled | ( | ||||||||||
Outstanding as of June 30, 2021 | $ |
Performance- Based Restricted Stock Units (in thousands) | Weighted- Average Grant Date Fair Value | ||||||||||
Outstanding as of March 31, 2021 | $ | ||||||||||
Granted | |||||||||||
Vested | ( | ||||||||||
Forfeited or cancelled | ( | ||||||||||
Outstanding as of June 30, 2021 | $ |
Market-Based Restricted Stock Units (in thousands) | Weighted- Average Grant Date Fair Value | ||||||||||
Outstanding as of March 31, 2021 | $ | ||||||||||
Granted | |||||||||||
Vested | ( | ||||||||||
Forfeited or cancelled | ( | ||||||||||
Outstanding as of June 30, 2021 | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Cost of revenue | $ | $ | |||||||||
Research and development | |||||||||||
Marketing and sales | |||||||||||
General and administrative | |||||||||||
Stock-based compensation expense | $ | $ |
May 2018 Program | November 2020 Program | Total | |||||||||||||||||||||||||||||||||
(In millions) | Shares | Amount | Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||
Three months ended | — | $ | — | $ | $ | ||||||||||||||||||||||||||||||
Three months ended June 30, 2020 | — | $ | — | $ | |||||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||
(In millions, except per share amounts) | 2021 | 2020 | |||||||||
Net income | $ | $ | |||||||||
Shares used to compute earnings per share: | |||||||||||
Weighted-average common stock outstanding — basic | |||||||||||
Dilutive potential common shares related to stock award plans and from assumed exercise of stock options | |||||||||||
Weighted-average common stock outstanding — diluted | |||||||||||
Earnings per share: | |||||||||||
Basic | $ | $ | |||||||||
Diluted | $ | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Net revenue by timing of recognition | |||||||||||
Revenue recognized at a point in time | $ | $ | |||||||||
Revenue recognized over time | |||||||||||
Net revenue | $ | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Net revenue by composition | |||||||||||
Full game downloads | $ | $ | |||||||||
Packaged goods | |||||||||||
Full game | |||||||||||
Live services and other | |||||||||||
Net revenue | $ | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Platform net revenue | |||||||||||
Console | $ | $ | |||||||||
PC and other | |||||||||||
Mobile | |||||||||||
Net revenue | $ | $ |
Three Months Ended June 30, | |||||||||||
2021 | 2020 | ||||||||||
Net revenue from unaffiliated customers | |||||||||||
North America | $ | $ | |||||||||
International | |||||||||||
Net revenue | $ | $ |
Three Months Ended June 30, | |||||||||||
(In millions) | 2021 | 2020 | |||||||||
Total net revenue | $ | 1,551 | $ | 1,459 | |||||||
Change in deferred net revenue (online-enabled games) | (215) | (69) | |||||||||
Net bookings | $ | 1,336 | $ | 1,390 |
Three Months Ended June 30, | |||||||||||||||||||||||
2021 | 2020 | $ Change | % Change | ||||||||||||||||||||
Net revenue: | |||||||||||||||||||||||
Full game downloads | $ | 233 | $ | 223 | $ | 10 | 4 | % | |||||||||||||||
Packaged goods | 89 | 136 | (47) | (35) | % | ||||||||||||||||||
Full game | $ | 322 | $ | 359 | $ | (37) | (10) | % | |||||||||||||||
Live services and other | $ | 1,229 | $ | 1,100 | $ | 129 | 12 | % | |||||||||||||||
Total net revenue | $ | 1,551 | $ | 1,459 | $ | 92 | 6 | % |
June 30, 2021 | % of Net Revenue | June 30, 2020 | % of Net Revenue | % Change | Change as a % of Net Revenue | |||||||||||||||||||||||||||
$ | 315 | 20 | % | $ | 288 | 20 | % | 9 | % | — | % |
June 30, 2021 | % of Net Revenue | June 30, 2020 | % of Net Revenue | $ Change | % Change | ||||||||||||||||||||||||||||||
Three months ended | $ | 515 | 33 | % | $ | 438 | 30 | % | $ | 77 | 18 | % | |||||||||||||||||||||||
June 30, 2021 | % of Net Revenue | June 30, 2020 | % of Net Revenue | $ Change | % Change | ||||||||||||||||||||||||||||||
Three months ended | $ | 190 | 12 | % | $ | 121 | 8 | % | $ | 69 | 57 | % | |||||||||||||||||||||||
June 30, 2021 | % of Net Revenue | June 30, 2020 | % of Net Revenue | $ Change | % Change | ||||||||||||||||||||||||||||||
Three months ended | $ | 169 | 11 | % | $ | 136 | 9 | % | $ | 33 | 24 | % | |||||||||||||||||||||||
June 30, 2021 | % of Net Revenue | June 30, 2020 | % of Net Revenue | $ Change | % Change | ||||||||||||||||||||||||||||||
Three months ended | $ | 40 | 3 | % | $ | 5 | — | % | $ | 35 | 700 | % | |||||||||||||||||||||||
June 30, 2021 | Effective Tax Rate | June 30, 2020 | Effective Tax Rate | ||||||||||||||||||||
Three months ended | $ | 104 | 34 | % | $ | 103 | 22 | % | |||||||||||||||
(In millions) | As of June 30, 2021 | As of March 31, 2021 | Increase/(Decrease) | ||||||||||||||
Cash and cash equivalents | $ | 2,838 | $ | 5,260 | $ | (2,422) | |||||||||||
Short-term investments | 881 | 1,106 | (225) | ||||||||||||||
Total | $ | 3,719 | $ | 6,366 | $ | (2,647) | |||||||||||
Percentage of total assets | 29 | % | 48 | % |
Three Months Ended June 30, | |||||||||||||||||
(In millions) | 2021 | 2020 | Change | ||||||||||||||
Net cash provided by (used in) operating activities | $ | (143) | $ | 378 | $ | (521) | |||||||||||
Net cash used in investing activities | (1,811) | (8) | (1,803) | ||||||||||||||
Net cash used in financing activities | (479) | (144) | (335) | ||||||||||||||
Effect of foreign exchange on cash and cash equivalents | 11 | 19 | (8) | ||||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | (2,422) | $ | 245 | $ | (2,667) |
Fiscal Month | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Maximum Dollar Value that May Still Be Purchased Under the Programs (in millions) | ||||||||||||||||||||||
April 4, 2021 - May 1, 2021 | 719,617 | $ | 141.17 | 719,617 | $ | 1,848 | ||||||||||||||||||||
May 2, 2021 - May 29, 2021 | 720,475 | $ | 141.00 | 720,475 | $ | 1,747 | ||||||||||||||||||||
May 30, 2021 - July 3, 2021 | 851,717 | $ | 143.13 | 851,717 | $ | 1,625 | ||||||||||||||||||||
2,291,809 | $ | 141.84 | 2,291,809 |
Incorporated by Reference | ||||||||||||||||||||||||||||||||
Number | Exhibit Title | Form | File No. | Filing Date | Filed Herewith | |||||||||||||||||||||||||||
8-K | 000-17948 | 06/23/2020 | ||||||||||||||||||||||||||||||
X | ||||||||||||||||||||||||||||||||
X | ||||||||||||||||||||||||||||||||
X | ||||||||||||||||||||||||||||||||
Additional exhibits furnished with this report: | ||||||||||||||||||||||||||||||||
X | ||||||||||||||||||||||||||||||||
X | ||||||||||||||||||||||||||||||||
101.INS† | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | X | ||||||||||||||||||||||||||||||
101.SCH† | Inline XBRL Taxonomy Extension Schema Document | X | ||||||||||||||||||||||||||||||
101.CAL† | Inline XBRL Taxonomy Extension Calculation Linkbase Document | X | ||||||||||||||||||||||||||||||
101.DEF† | Inline XBRL Taxonomy Extension Definition Linkbase Document | X | ||||||||||||||||||||||||||||||
101.LAB† | Inline XBRL Taxonomy Extension Label Linkbase Document | X | ||||||||||||||||||||||||||||||
101.PRE† | Inline XBRL Taxonomy Extension Presentation Linkbase Document | X |
ELECTRONIC ARTS INC. | ||||||||
(Registrant) | ||||||||
/s/ Blake Jorgensen | ||||||||
DATED: | Blake Jorgensen | |||||||
August 10, 2021 | Chief Operating Officer and | |||||||
Chief Financial Officer |
Dated: August 10, 2021 | By: | /s/ Andrew Wilson | |||||||||
Andrew Wilson | |||||||||||
Chief Executive Officer |
Dated: August 10, 2021 | By: | /s/ Blake Jorgensen | |||||||||
Blake Jorgensen | |||||||||||
Chief Operating Officer and | |||||||||||
Chief Financial Officer | |||||||||||
/s/ Andrew Wilson | ||
Andrew Wilson | ||
Chief Executive Officer | ||
Electronic Arts Inc. | ||
August 10, 2021 |
/s/ Blake Jorgensen | ||
Blake Jorgensen | ||
Chief Operating Officer and | ||
Chief Financial Officer | ||
Electronic Arts Inc. | ||
August 10, 2021 | ||
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
---|---|---|
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, shares issued | 285 | 286 |
Common stock, shares outstanding | 285 | 286 |
Condensed Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Net revenue | $ 1,551 | $ 1,459 |
Cost of revenue | 315 | 288 |
Gross profit | 1,236 | 1,171 |
Operating expenses: | ||
Research and development | 515 | 438 |
Marketing and sales | 190 | 121 |
General and administrative | 169 | 136 |
Amortization of intangibles | 40 | 5 |
Total operating expenses | 914 | 700 |
Operating income (loss) | 322 | 471 |
Interest and other income (expense), net | (14) | (3) |
Income before provision for income taxes | 308 | 468 |
Provision for income taxes | 104 | 103 |
Net income (loss) | $ 204 | $ 365 |
Earnings (loss) per share: | ||
Earnings Per Share, Basic | $ 0.71 | $ 1.27 |
Earnings Per Share, Diluted | $ 0.71 | $ 1.25 |
Number of shares used in computation: | ||
Basic | 286 | 288 |
Diluted | 289 | 292 |
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Statement of Comprehensive Income [Abstract] | ||
Net income (loss) | $ 204 | $ 365 |
Other comprehensive income (loss), net of tax: | ||
Net gains (losses) on available-for-sale securities | 0 | 11 |
Net gains (losses) on derivative instruments | 6 | (37) |
Foreign currency translation adjustments | 9 | 24 |
Total other comprehensive income (loss), net of tax | 15 | (2) |
Total comprehensive income (loss) | $ 219 | $ 363 |
Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
OPERATING ACTIVITIES | ||
Net income (loss) | $ 204 | $ 365 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Depreciation, amortization and accretion | 105 | 37 |
Stock-based compensation | 125 | 102 |
Change in assets and liabilities: | ||
Receivables, net | 12 | (44) |
Other assets | (74) | 44 |
Accounts payable | (19) | (3) |
Accrued and other liabilities | (302) | (66) |
Deferred income taxes, net | 28 | 10 |
Deferred net revenue (online-enabled games) | (222) | (67) |
Net cash provided by operating activities | (143) | 378 |
INVESTING ACTIVITIES | ||
Capital expenditures | (44) | (38) |
Proceeds from maturities and sales of short-term investments | 507 | 694 |
Purchase of short-term investments | (285) | (664) |
Acquisition, net of cash acquired | (1,989) | 0 |
Net cash used in investing activities | (1,811) | (8) |
FINANCING ACTIVITIES | ||
Proceeds from issuance of common stock | 0 | 3 |
Payments of Dividends | (49) | 0 |
Cash paid to taxing authorities for shares withheld from employees | (105) | (69) |
Repurchase and retirement of common stock | (325) | (78) |
Net cash used in financing activities | (479) | (144) |
Effect of foreign exchange on cash and cash equivalents | 11 | 19 |
Increase (decrease) in cash and cash equivalents | (2,422) | 245 |
Beginning cash and cash equivalents | 5,260 | 3,768 |
Ending cash and cash equivalents | 2,838 | 4,013 |
Supplemental cash flow information: | ||
Cash paid during the period for income taxes, net | $ 134 | $ 33 |
Condensed Consolidated Statements of Stockholders' Equity Statement - USD ($) shares in Thousands, $ in Millions |
Total |
Common Stock |
Additional Paid-in Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (loss) |
|||
---|---|---|---|---|---|---|---|---|
Beginning balance (in shares) at Mar. 31, 2020 | 288,413 | |||||||
Beginning balance at Mar. 31, 2020 | $ 7,461 | $ 3 | $ 0 | $ 7,508 | $ (50) | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Other comprehensive income (loss) before reclassifications | 3 | |||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (5) | |||||||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 363 | 365 | (2) | |||||
APIC, Share-based Payment Arrangement, Increase for Cost Recognition | 102 | 102 | ||||||
Stock Issued During Period, Shares, New Issues | 1,088 | |||||||
Stock Issued During Period, Value, New Issues | (66) | (66) | ||||||
Stock Repurchased and Retired During Period, Shares | (747) | |||||||
Stock Repurchased and Retired During Period, Value | (78) | (36) | (42) | |||||
Ending balance (in shares) at Jun. 30, 2020 | 288,754 | |||||||
Ending balance at Jun. 30, 2020 | $ 7,782 | $ 3 | 0 | 7,831 | (52) | |||
Beginning balance (in shares) at Mar. 31, 2021 | 286,000 | 286,465 | ||||||
Beginning balance at Mar. 31, 2021 | $ 7,840 | [1] | $ 3 | 0 | 7,887 | (50) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Other comprehensive income (loss) before reclassifications | 4 | |||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | |||||||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 219 | 204 | 15 | |||||
APIC, Share-based Payment Arrangement, Increase for Cost Recognition | 125 | 125 | ||||||
Stock Issued During Period, Value, Acquisitions | 23 | 23 | ||||||
Stock Issued During Period, Shares, New Issues | 1,209 | |||||||
Stock Issued During Period, Value, New Issues | (105) | (105) | ||||||
Stock Repurchased and Retired During Period, Shares | (2,292) | |||||||
Stock Repurchased and Retired During Period, Value | (325) | (43) | (282) | |||||
Cash dividends declared ($0.17 per common share) | $ (49) | (49) | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.17 | |||||||
Ending balance (in shares) at Jun. 30, 2021 | 285,000 | 285,382 | ||||||
Ending balance at Jun. 30, 2021 | $ 7,728 | $ 3 | $ 0 | $ 7,760 | $ (35) | |||
|
Description Of Business And Basis Of Presentation |
3 Months Ended |
---|---|
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description Of Business And Basis Of Presentation | (1) DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Electronic Arts is a global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be played and watched on game consoles, PCs, mobile phones and tablets. We believe that the breadth and depth of our portfolio, live services offerings, and our use of multiple business models and distribution channels provide us with strategic advantages. Our foundation is a collection of intellectual property from which we create innovative games and content that enables us to build on-going and meaningful relationships with a community of players, creators and viewers. Our portfolio includes brands that we either wholly own (such as Battlefield, The Sims, Apex Legends, Need for Speed and Plants vs. Zombies) or license from others (such as FIFA, Madden NFL, UFC, NHL, Formula 1 and Star Wars). Through our live services offerings, we offer our players high-quality experiences designed to provide value to players and extend and enhance gameplay. These live services include extra content, subscription offerings and other revenue generated outside of the sale of our base games. In addition, we are focused on reaching more players whenever and wherever they want to play. We believe that we can add value to our network by making it easier for players to connect to a world of play by offering choice of business model, distribution channel and device. Our fiscal year is reported on a 52- or 53-week period that ends on the Saturday nearest March 31. Our results of operations for the fiscal year ending March 31, 2022 contains 52 weeks and ends on April 2, 2022. Our results of operations for the fiscal year ended March 31, 2021 contained 53 weeks and ended on April 3, 2021. Our results of operations for the three months ended June 30, 2021 contained 13 weeks and ended on July 3, 2021. Our results of operations for the three months ended June 30, 2020 contained 14 weeks and ended on July 4, 2020. For simplicity of disclosure, all fiscal periods are referred to as ending on a calendar month end. The Condensed Consolidated Financial Statements are unaudited and reflect all adjustments (consisting only of normal recurring accruals unless otherwise indicated) that, in the opinion of management, are necessary for a fair presentation of the results for the interim periods presented. The preparation of these Condensed Consolidated Financial Statements requires management to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. Actual results could differ materially from those estimates. The results of operations for the current interim periods are not necessarily indicative of results to be expected for the current year or any other period. These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2021, as filed with the United States Securities and Exchange Commission (“SEC”) on May 26, 2021. Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740). The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We adopted ASU 2019-12 in the first quarter of fiscal year 2022. The adoption did not have a material impact on our Condensed Consolidated Financial Statements.
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Recently Adopted Accounting Standards | Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740). The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We adopted ASU 2019-12 in the first quarter of fiscal year 2022. The adoption did not have a material impact on our Condensed Consolidated Financial Statements.
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Fair Value Measurements |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | (2) FAIR VALUE MEASUREMENTS There are various valuation techniques used to estimate fair value, the primary one being the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability. We measure certain financial and nonfinancial assets and liabilities at fair value on a recurring and nonrecurring basis. Fair Value Hierarchy The three levels of inputs that may be used to measure fair value are as follows: •Level 1. Quoted prices in active markets for identical assets or liabilities. •Level 2. Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities, quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. •Level 3. Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Assets and Liabilities Measured at Fair Value on a Recurring Basis As of June 30, 2021 and March 31, 2021, our assets and liabilities that were measured and recorded at fair value on a recurring basis were as follows (in millions):
(a)The Deferred Compensation Plan assets consist of various mutual funds. See Note 15 in our Annual Report on Form 10-K for the fiscal year ended March 31, 2021, for additional information regarding our Deferred Compensation Plan.
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Financial Instruments |
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Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments | (3) FINANCIAL INSTRUMENTS Cash and Cash Equivalents As of June 30, 2021 and March 31, 2021, our cash and cash equivalents were $2,838 million and $5,260 million, respectively. Cash equivalents were valued using quoted market prices or other readily available market information. Short-Term Investments Short-term investments consisted of the following as of June 30, 2021 and March 31, 2021 (in millions):
The following table summarizes the amortized cost and fair value of our short-term investments, classified by stated maturity as of June 30, 2021 and March 31, 2021 (in millions):
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Derivative Financial Instruments |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | (4) DERIVATIVE FINANCIAL INSTRUMENTS Assets or liabilities associated with our derivative instruments and hedging activities are recorded at fair value in other current assets/other assets, or accrued and other current liabilities/other liabilities, respectively, on our Condensed Consolidated Balance Sheets. As discussed below, the accounting for gains and losses resulting from changes in fair value depends on the use of the derivative instrument and whether it is designated and qualifies for hedge accounting. We transact business in various foreign currencies and have significant international sales and expenses denominated in foreign currencies, subjecting us to foreign currency risk. We purchase foreign currency forward contracts, generally with maturities of 18 months or less, to reduce the volatility of cash flows primarily related to forecasted revenue and expenses denominated in certain foreign currencies. Our cash flow risks are primarily related to fluctuations in the Euro, British pound sterling, Canadian dollar, Swedish krona, Australian dollar, Japanese yen, Chinese yuan, South Korean won and Polish zloty. In addition, we utilize foreign currency forward contracts to mitigate foreign currency exchange risk associated with foreign-currency-denominated monetary assets and liabilities, primarily intercompany receivables and payables. The foreign currency forward contracts not designated as hedging instruments generally have a contractual term of approximately three months or less and are transacted near month-end. We do not use foreign currency forward contracts for speculative trading purposes. Cash Flow Hedging Activities Certain of our forward contracts are designated and qualify as cash flow hedges. To qualify for hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedges and must be highly effective in offsetting changes to future cash flows on hedged transactions. The derivative assets or liabilities associated with our hedging activities are recorded at fair value in other current assets/other assets, or accrued and other current liabilities/other liabilities, respectively, on our Condensed Consolidated Balance Sheets. The gains or losses resulting from changes in the fair value of these hedges is initially reported, net of tax, as a component of accumulated other comprehensive income (loss) in stockholders’ equity. The gains or losses resulting from changes in the fair value of these hedges is subsequently reclassified into net revenue or research and development expenses, as appropriate, in the period when the forecasted transaction is recognized in our Condensed Consolidated Statements of Operations. In the event that the underlying forecasted transactions do not occur, or it becomes remote that they will occur, within the defined hedge period, the gains or losses on the related cash flow hedges are reclassified from accumulated other comprehensive income (loss) to net revenue or research and development expenses, in our Condensed Consolidated Statements of Operations. Total gross notional amounts and fair values for currency derivatives with cash flow hedge accounting designation are as follows (in millions):
The effects of cash flow hedge accounting in our Condensed Consolidated Statements of Operations for the three months ended June 30, 2021 and 2020 are as follows (in millions):
Balance Sheet Hedging Activities Our foreign currency forward contracts that are not designated as hedging instruments are accounted for as derivatives whereby the fair value of the contracts are reported as other current assets or accrued and other current liabilities on our Condensed Consolidated Balance Sheets, and gains and losses resulting from changes in the fair value are reported in interest and other income (expense), net, in our Condensed Consolidated Statements of Operations. The gains and losses on these foreign currency forward contracts generally offset the gains and losses in the underlying foreign-currency-denominated monetary assets and liabilities, which are also reported in interest and other income (expense), net, in our Condensed Consolidated Statements of Operations. Total gross notional amounts and fair values for currency derivatives that are not designated as hedging instruments are accounted for as follows (in millions): The effect of foreign currency forward contracts not designated as hedging instruments in our Condensed Consolidated Statements of Operations for the three months ended June 30, 2021 and 2020 was as follows (in millions):
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Accumulated Other Comprehensive Income (Loss) |
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | (5) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30, 2021 and 2020 are as follows (in millions):
The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the three months ended June 30, 2021 and 2020 were as follows (in millions):
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Business Combinations |
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination Disclosure [Text Block] | (6) BUSINESS COMBINATIONS Codemasters Group Holdings plc On February 18, 2021, we completed our acquisition of 100% of the equity interests of Codemasters Group Holdings plc, a public limited company registered in England and Wales (“Codemasters”), for a total purchase price of $1.2 billion, net of cash acquired. The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions, and are considered preliminary as of the reporting date pending finalization of the valuation of deferred tax assets, tax liabilities, and payroll tax liabilities. We expect to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. During the three months ended June 30, 2021, we recorded a $31 million decrease to the acquisition date fair values of certain deferred tax liabilities, which resulted in a reduction to goodwill. Glu Mobile Inc. On April 29, 2021, we completed the acquisition of 100% of the equity interests of Glu Mobile Inc., a leading global developer and publisher of mobile games (“Glu” and the “Glu acquisition”) for a total purchase price of $2.0 billion, net of cash acquired of $332 million. The acquisition of Glu is expected to accelerate our mobile growth by creating a combined organization with ongoing live services across multiple games and genres. We also believe that the acquisition will create value by adding Glu’s expertise in casual sports and lifestyle genres to new titles based on our intellectual property. The transaction costs associated with the acquisition totaled approximately $15 million and were recognized in general and administrative expense, of which $11 million were recognized during the three months ended June 30, 2021. In addition, upon the closing of the Glu acquisition, we assumed all outstanding unvested options and unvested restricted stock units relating to Glu common stock and such awards were converted into corresponding awards relating to a number of shares of our common stock using an exchange ratio equal to 0.0880, with substantially identical terms and conditions as were applicable to the corresponding Glu awards immediately prior to the closing of the acquisition, except as such terms and conditions were modified in the acquisition agreements (“Replacement Awards”). The estimated fair value of the Replacement Awards was $133 million, of which $23 million related to awards for which services were rendered prior to the Glu acquisition and represented part of the purchase consideration transferred in the Glu acquisition. The remaining $110 million is attributable to services to be rendered after the Glu acquisition and will be recognized as stock-based compensation expense over their remaining vesting periods. The following table summarizes the preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed:
The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions as of the reporting date and are considered preliminary pending finalization of the valuation analyses pertaining to assets acquired and liabilities assumed, which primarily relate to acquired intangible assets. We expect to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. We recognized goodwill of $1,406 million, which consists largely of workforce and synergies with our existing business. The goodwill is not deductible for tax purposes. The results of operations of Glu and the preliminary fair value of the assets acquired have been included in our Condensed Consolidated Financial Statements since the date of acquisition. Pro forma results of operations have not been presented because the effect of the acquisition was not material to our Condensed Consolidated Statements of Operations. During the three months ended June 30, 2021, we completed one other acquisition that was not material to our Condensed Consolidated Financial Statements. Pending Acquisition of Playdemic On June 23, 2021, we announced that we entered into a share purchase agreement to acquire Playdemic Limited, a private limited company incorporated in England and Wales (“Playdemic”), (the “Playdemic acquisition”) for $1.4 billion in cash, subject to customary purchase price adjustments. Under the terms of the agreement, the completion of the acquisition is subject to a customary closing condition regarding the receipt of applicable regulatory clearances. The acquisition of Playdemic is part of our mobile growth strategy and the acquisition will add to our mobile portfolio. The Playdemic acquisition is expected to close in fiscal year 2022. We intend to fund this acquisition with existing cash on hand.
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Goodwill And Acquisition-Related Intangibles, Net |
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill And Acquisition-Related Intangibles, Net | (7) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET The changes in the carrying amount of goodwill for the three months ended June 30, 2021 are as follows (in millions):
Acquisition-related intangibles consisted of the following (in millions):
The preliminary fair value of acquisition-related intangible assets acquired in the Glu acquisition was $657 million, of which $305 million was allocated to developed and core technology, $252 million was allocated to trade names and trademarks, $88 million was allocated to in-process research and development, and $12 million was allocated to registered user base and other intangibles. In-process research and development assets are considered indefinite-lived until complete. Excluding the in-process research and development assets, the weighted-average useful life of the Glu’s acquired intangible assets is currently estimated to be approximately 5.6 years. Amortization of intangibles for the three months ended June 30, 2021 and 2020 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):
During the three months ended June 30, 2021, as part of the amortization of intangibles we recorded a $12 million impairment charge for acquisition-related intangible assets, which was recorded within operating expenses. Acquisition-related intangible assets are generally amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently from 1 to 8 years. As of June 30, 2021 and March 31, 2021, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 4.9 and 3.5 years, respectively. As of June 30, 2021, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Condensed Consolidated Statements of Operations is estimated as follows (in millions):
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Royalties And Licenses |
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Royalties And Licenses | (8) ROYALTIES AND LICENSES Our royalty expenses consist of payments to (1) content licensors, (2) independent software developers, and (3) co-publishing and distribution affiliates. License royalties consist of payments made to celebrities, professional sports organizations, movie studios and other organizations for our use of their trademarks, copyrights, personal publicity rights, content and/or other intellectual property. Royalty payments to independent software developers are payments for the development of intellectual property related to our games. Co-publishing and distribution royalties are payments made to third parties for the delivery of products. During the three months ended June 30, 2021 and 2020, we did not recognize any material losses or impairment charges on royalty-based commitments. The current and long-term portions of prepaid royalties and minimum guaranteed royalty-related assets, included in other current assets and other assets, consisted of (in millions):
At any given time, depending on the timing of our payments to our co-publishing and/or distribution affiliates, content licensors, and/or independent software developers, we classify any recognized unpaid royalty amounts due to these parties as accrued liabilities. As of June 30, 2021 and March 31, 2021, royalty-related liabilities were $175 million and $210 million, respectively, which were included in accrued and other current liabilities. As of June 30, 2021, we were committed to pay approximately $1,938 million to content licensors, independent software developers, and co-publishing and/or distribution affiliates, but performance remained with the counterparty (i.e., delivery of the product or content or other factors) and such commitments were therefore not recorded in our Condensed Consolidated Financial Statements. See Note 12 for further information on our developer and licensor commitments.
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Balance Sheet Details |
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Balance Sheet Related Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance Sheet Details | (9) BALANCE SHEET DETAILS Property and Equipment, Net Property and equipment, net, as of June 30, 2021 and March 31, 2021 consisted of (in millions):
Depreciation expense associated with property and equipment was $40 million and $31 million for the three months ended June 30, 2021 and 2020, respectively. Accrued and Other Current Liabilities Accrued and other current liabilities as of June 30, 2021 and March 31, 2021 consisted of (in millions):
Deferred net revenue (other) includes the deferral of subscription revenue, licensing arrangements, advertising revenue, and other revenue for which revenue recognition criteria has not been met. Deferred net revenue Deferred net revenue as of June 30, 2021 and March 31, 2021 consisted of (in millions):
During the three months ended June 30, 2021 and 2020, we recognized $961 million and $742 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period. Remaining Performance Obligations As of June 30, 2021, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $1,444 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.
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Income Taxes |
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Income Tax Disclosure [Abstract] | |
Income Taxes | (10) INCOME TAXES The provision for income taxes for the three months ended June 30, 2021 is based on our projected annual effective tax rate for fiscal year 2022, adjusted for specific items that are required to be recognized in the period in which they are incurred. Our effective tax rate for the three months ended June 30, 2021 was 34 percent, as compared to 22 percent for the same period in fiscal year 2021 and the 21 percent U.S. federal statutory rate. The higher effective tax rate was primarily due to our decision to capitalize for income tax purposes certain foreign expenses which increased the taxable income in our foreign entities that is subject to U.S. tax. In accordance with our existing accounting policy, we do not establish deferred tax assets to offset this charge, but we expect future deductions of the capitalized amounts. We are subject to income tax examinations in various jurisdictions with respect to fiscal years after 2011. The timing and potential resolution of income tax examinations is highly uncertain. The total unrecognized tax benefits as of June 30, 2021 were $593 million. While we continue to measure our uncertain tax positions, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued. In the period ended June 30, 2020, the Supreme Court of the United States denied the opinion of the Ninth Circuit Court of Appeals in Altera Corp. v Commissioner (the “Altera opinion”), resulting in a partial decrease of our unrecognized tax benefits. A complete resolution and settlement of the matters underlying the Altera opinion is reasonably possible within the next 12 months, which would result in an additional reduction of our gross unrecognized tax benefits. However, it is uncertain whether a complete resolution and settlement of such matters would also result in resolution of all related and unrelated U.S. positions for all applicable years. Therefore, it is not possible to provide a range of potential outcomes associated with a reversal of our gross unrecognized tax benefits. It is also reasonably possible that an additional reduction of up to $5 million of unrecognized tax benefits may occur within the next 12 months, unrelated to the Altera opinion, a portion of which would impact our effective tax rate. The actual amount could vary significantly depending on the ultimate timing and nature of any settlements and tax interpretations. Each quarter, we perform a realizability analysis to evaluate whether it is more likely than not that all or a portion of our deferred tax assets will not be realized. During the three months ended June 30, 2021, we recognized an additional $13 million of valuation allowance against our deferred tax assets primarily due to the expected alignment of the recently acquired businesses with our global operating structure. Subsequent to our fiscal quarter ended June 30, 2021, we completed an intra-entity transfer of the intellectual property rights acquired in the Codemasters acquisition to align with our global operating structure. We expect to recognize a tax charge of up to approximately $50 million associated with the transfer in the second quarter of fiscal year 2022.
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Financing Arrangement |
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Financing Arrangement | (11) FINANCING ARRANGEMENTS Senior Notes In February 2021, we issued $750 million aggregate principal amount of 1.85% Senior Notes due February 15, 2031 (the “2031 Notes”) and $750 million aggregate principal amount of 2.95% Senior Notes due February 15, 2051 (the “2051 Notes”). Our proceeds were $1,478 million, net of discount of $6 million and issuance costs of $16 million. Both the discount and issuance costs are being amortized to interest expense over the respective terms of the 2031 Notes and the 2051 Notes using the effective interest rate method. The effective interest rate is 1.98% for the 2031 Notes and 3.04% for the 2051 Notes. Interest is payable semiannually in arrears, on February 15 and August 15 of each year. In February 2016, we issued $400 million aggregate principal amount of 4.80% Senior Notes due March 1, 2026 (the “2026 Notes”). Our proceeds were $395 million, net of discount of $1 million and issuance costs of $4 million. Both the discount and issuance costs are being amortized to interest expense over the term of the 2026 Notes using the effective interest rate method. The effective interest rate was 4.97%. Interest is payable semiannually in arrears, on March 1 and September 1 of each year. The carrying and fair values of the Senior Notes are as follows (in millions):
As of June 30, 2021, the remaining life of the 2026 Notes, 2031 Notes and 2051 Notes is approximately 4.7 years, 9.6 years, and 29.6 years, respectively. The Senior Notes are senior unsecured obligations and rank equally with all our other existing and future unsubordinated obligations and any indebtedness that we may incur from time to time under our Credit Facility. The 2026 Notes, 2031 Notes and 2051 Notes are redeemable at our option at any time prior to December 1, 2025, November 15, 2030, and August 15, 2050, respectively, subject to a make-whole premium. After such dates, we may redeem each such series of Notes, respectively, at a redemption price equal to 100% of the aggregate principal amount plus accrued and unpaid interest. In addition, upon the occurrence of a change of control repurchase event, the holders of each such series of Notes may require us to repurchase all or a portion of these Notes, at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase. Each such series of Notes also include covenants that limit our ability to incur liens on assets and to enter into sale and leaseback transactions, subject to certain allowances. Credit Facility On August 29, 2019, we entered into a $500 million unsecured revolving credit facility (“Credit Facility”) with a syndicate of banks. The Credit Facility terminates on August 29, 2024 unless the maturity is extended in accordance with its terms. The Credit Facility contains an option to arrange with existing lenders and/or new lenders to provide up to an aggregate of $500 million in additional commitments for revolving loans. Proceeds of loans made under the Credit Facility may be used for general corporate purposes. The credit agreement contains customary affirmative and negative covenants, including covenants that limit or restrict our ability to, among other things, incur subsidiary indebtedness, grant liens, and dispose of all or substantially all assets, in each case subject to customary exceptions for a credit facility of this size and type. We are also required to maintain compliance with a debt to EBITDA ratio. As of June 30, 2021, we were in compliance with the debt to EBITDA ratio. As of June 30, 2021, no amounts were outstanding under the Credit Facility. $2 million of debt issuance costs that were paid in connection with obtaining this credit facility are being amortized to interest expense over the 5-year term of the Credit Facility. Interest Expense The following table summarizes our interest expense recognized for the three months ended June 30, 2021 and 2020 that is included in interest and other income (expense), net on our Condensed Consolidated Statements of Operations (in millions):
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Commitments And Contingencies |
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Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments And Contingencies | (12) COMMITMENTS AND CONTINGENCIES Development, Celebrity, League and Content Licenses: Payments and Commitments The products we produce in our studios are designed and created by our employee designers, artists, software programmers and by non-employee software developers (“independent artists” or “third-party developers”). We typically advance development funds to the independent artists and third-party developers during development of our games, usually in installment payments made upon the completion of specified development milestones. Contractually, these payments are generally considered advances against subsequent royalties on the sales of the products. These terms are set forth in written agreements entered into with the independent artists and third-party developers. In addition, we have certain celebrity, league and content license contracts that contain minimum guarantee payments and marketing commitments that may not be dependent on any deliverables. Celebrities and organizations with whom we have contracts include, but are not limited to: FIFA (Fédération Internationale de Football Association), FIFPRO Foundation, FAPL (Football Association Premier League Limited), DFL Deutsche Fußball Liga E.V. (German Soccer League), and Liga Nacional De Futbol Profesional (professional soccer); National Basketball Association and National Basketball Players Association (professional basketball); National Hockey League and NHL Players’ Association (professional hockey); NFL Properties LLC, NFL Players Association and NFL Players Inc. on behalf of OneTeam Partners, LLC (professional football); William Morris Endeavor Entertainment LLC (professional mixed martial arts); ESPN (content in EA SPORTS games); Disney Interactive (Star Wars); Formula One Digital Media Limited and Formula Motorsport Limited (professional racing); PGA Tour, Inc. (professional golf); MLB (Major League Baseball Players Association); and Kimsaprincess, Inc. (Kim Kardashian: Hollywood). These developer and content license commitments represent the sum of (1) the cash payments due under non-royalty-bearing licenses and services agreements and (2) the minimum guaranteed payments and advances against royalties due under royalty-bearing licenses and services agreements, the majority of which are conditional upon performance by the counterparty. These minimum guarantee payments and any related marketing commitments are included in the table below. The following table summarizes our minimum contractual obligations as of June 30, 2021 (in millions):
(a)As of June 30, 2021, we have entered into four office leases and one equipment lease that have not yet commenced with aggregate future lease payments of approximately $166 million. These leases are expected to commence between fiscal year 2022 and fiscal year 2025, and will have lease terms ranging from 3 to 12 years. The unrecognized amounts represented in the table above reflect our minimum cash obligations for the respective fiscal years, but do not necessarily represent the periods in which they will be recognized and expensed in our Condensed Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of June 30, 2021; however, certain payment obligations may be accelerated depending on the performance of our operating results. In addition to what is included in the table above, as of June 30, 2021, we had a liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $299 million, of which we are unable to make a reasonably reliable estimate of when cash settlement with a taxing authority will occur. Subsequent to June 30, 2021, we entered into licensor and office lease agreements with third parties which are not included in the table above, and contingently commit us to pay an additional $280 million at various dates through fiscal year 2030. Legal Proceedings The Netherlands Gambling Authority (“NGA”) has asserted that the randomized selection of virtual items in the FIFA Ultimate Team mode of our FIFA franchise contravenes the Dutch Betting and Gaming Act. On October 15, 2020, the District Court of the Hague affirmed the NGA’s decision. We have appealed the District Court’s order, and the NGA’s decision is suspended through the appeals process. We do not believe that the operational or financial consequences from these proceedings will have a material adverse effect on our Condensed Consolidated Financial Statements. We do not believe that our products and services violate applicable gambling laws. We are also subject to claims and litigation arising in the ordinary course of business. We do not believe that any liability from any reasonably foreseeable disposition of such claims and litigation, individually or in the aggregate, would have a material adverse effect on our Condensed Consolidated Financial Statements.
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Stock-Based Compensation |
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Share-based Payment Arrangement, Noncash Expense [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-Based Compensation | (13) STOCK-BASED COMPENSATION Valuation Assumptions We recognize compensation cost for stock-based awards to employees based on the awards’ estimated grant-date fair value using a straight-line approach over the service period for which such awards are expected to vest. We account for forfeitures as they occur. The estimation of the fair value of market-based restricted stock units, stock options and ESPP purchase rights is affected by assumptions regarding subjective and complex variables. Generally, our assumptions are based on historical information and judgment is required to determine if historical trends may be indicators of future outcomes. We estimate the fair value of our stock-based awards as follows: •Restricted Stock Units and Performance-Based Restricted Stock Units. The fair value of restricted stock units and performance-based restricted stock units (other than market-based restricted stock units) is determined based on the quoted market price of our common stock on the date of grant. •Market-Based Restricted Stock Units. Market-based restricted stock units consist of grants of performance-based restricted stock units to certain members of executive management that vest contingent upon the achievement of pre-determined market and service conditions (referred to herein as “market-based restricted stock units”). The fair value of our market-based restricted stock units is estimated using a Monte-Carlo simulation model. Key assumptions for the Monte-Carlo simulation model are the risk-free interest rate, expected volatility, expected dividends and correlation coefficient. •Stock Options and Employee Stock Purchase Plan. The fair value of stock options and stock purchase rights granted pursuant to our equity incentive plans and our 2000 Employee Stock Purchase Plan, as amended (“ESPP”), respectively, is estimated using the Black-Scholes valuation model based on the multiple-award valuation method. Key assumptions of the Black-Scholes valuation model are the risk-free interest rate, expected volatility, expected term and expected dividends. The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant for the expected term of the option. Expected volatility is based on a combination of historical stock price volatility and implied volatility of publicly-traded options on our common stock. An expected term is estimated based on historical exercise behavior, post-vesting termination patterns, options outstanding and future expected exercise behavior. There were no ESPP shares issued during the three months ended June 30, 2021 and 2020. There were an insignificant number of stock options granted during the three months ended June 30, 2021 and 2020. The assumptions used in the Monte-Carlo simulation model to value our market-based restricted stock units were as follows:
Stock Options The following table summarizes our stock option activity for the three months ended June 30, 2021:
The aggregate intrinsic value represents the total pre-tax intrinsic value based on our closing stock price as of June 30, 2021, which would have been received by the option holders had all the option holders exercised their options as of that date. We issue new common stock from our authorized shares upon the exercise of stock options. Restricted Stock Units The following table summarizes our restricted stock unit activity for the three months ended June 30, 2021:
Performance-Based Restricted Stock Units Our performance-based restricted stock units vest upon the achievement of pre-determined performance-based milestones as well as service conditions. If these performance-based milestones are not met but service conditions are met, the performance-based restricted stock units will not vest, in which case any compensation expense we have recognized to date will be reversed. Each quarter, we update our assessment of the probability that the performance milestones will be achieved. We amortize the fair values of performance-based restricted stock units over the requisite service period. The performance-based restricted stock units contain threshold, target and maximum milestones for each performance-based milestone. The number of shares of common stock to be issued at vesting will range from zero to 200 percent of the target number of performance-based restricted stock units attributable to each performance-based milestone based on the company’s performance as compared to these threshold, target and maximum performance-based milestones. Each performance-based milestone is weighted evenly and the number of shares that vest based on each performance-based milestone is independent from the other. In June 2017, performance-based restricted stock units were granted contingent upon the achievement of the non-GAAP net revenue and free cash flow performance milestones over a four-year performance period. During the three months ended June 30, 2021, approximately 266,000 of the 579,000 outstanding performance-based restricted stock units were earned and vested on May 26, 2021 and the remaining outstanding units were cancelled. In June 2021, performance-based restricted stock units were granted contingent upon the achievement of net bookings and operating income performance milestones over three annual measurement periods, with awards either vesting after each annual measurement period or cliff vesting after the completion of the three-year period. The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2021:
Market-Based Restricted Stock Units Our market-based restricted stock units vest contingent upon the achievement of pre-determined market and service conditions. If these market conditions are not met but service conditions are met, the market-based restricted stock units will not vest; however, any compensation expense we have recognized to date will not be reversed. The number of shares of common stock to be issued at vesting will range from zero to 200 percent of the target number of market-based restricted stock units based on our total stockholder return (“TSR”) relative to the performance of companies in the NASDAQ-100 Index for each measurement period, over either a one-year, two-year cumulative, and three-year cumulative period, a two-year and four-year cumulative period or a three-year period. The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2021:
Stock-Based Compensation Expense The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Condensed Consolidated Statements of Operations (in millions):
During the three months ended June 30, 2021 and 2020, we recognized $24 million and $22 million, respectively, of deferred income tax benefit related to our stock-based compensation expense. As of June 30, 2021, our total unrecognized compensation cost related to stock options, restricted stock units, market-based restricted stock units, and performance-based restricted stock units was $991 million and is expected to be recognized over a weighted-average service period of 2.1 years. Of the $991 million of unrecognized compensation cost, $884 million relates to restricted stock units, $79 million relates to market-based restricted stock units, $20 million relates to performance-based restricted stock units at an 129 percent average payout, and $8 million relates to stock options. Stock Repurchase Program In May 2018, a Special Committee of our Board of Directors, on behalf of the full Board of Directors, authorized a program to repurchase up to $2.4 billion of our common stock. We completed repurchases under the May 2018 program in April 2020. In November 2020, our Board of Directors authorized a program to repurchase up to $2.6 billion of our common stock. This stock repurchase program expires on November 4, 2022. Under this program, we may purchase stock in the open market or through privately negotiated transactions in accordance with applicable securities laws, including pursuant to pre-arranged stock trading plans. The timing and actual amount of the stock repurchases will depend on several factors including price, capital availability, regulatory requirements, alternative investment opportunities and other market conditions. We are not obligated to repurchase a specific number of shares under this program and it may be modified, suspended or discontinued at any time. We are actively repurchasing shares under this program. The following table summarizes total shares repurchased during the three months ended June 30, 2021 and 2020:
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Earnings Per Share |
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Earnings Per Share Reconciliation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | (14) EARNINGS PER SHARE The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, and ESPP purchase rights using the treasury stock method.
For the three months ended June 30, 2021 and 2020, one million of stock options, restricted stock units and market-based restricted stock units were excluded from the treasury stock method computation of diluted shares, respectively, as their inclusion would have had an antidilutive effect. Our performance-based restricted stock units, which are considered contingently issuable shares, are also excluded from the treasury stock method computation because the related performance-based milestones were not achieved as of the end of the three months ended June 30, 2021 and 2020.
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Segment and Revenue Information |
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | (15) SEGMENT AND REVENUE INFORMATION Our reporting segment is based upon: our internal organizational structure; the manner in which our operations are managed; the criteria used by our Chief Executive Officer, our Chief Operating Decision Maker (“CODM”), to evaluate segment performance; the availability of separate financial information; and overall materiality considerations. Our CODM currently reviews total company operating results to assess overall performance and allocate resources. As of June 30, 2021, we have only one reportable segment, which represents our only operating segment. Information about our total net revenue by timing of recognition for the three months ended June 30, 2021 and 2020 is presented below (in millions):
Generally, performance obligations that are recognized upfront upon transfer of control are classified as revenue recognized at a point in time, while performance obligations that are recognized over the estimated offering period or subscription period as the services are provided are classified as revenue recognized over time. Revenue recognized at a point in time includes revenue allocated to the software license performance obligation. This also includes revenue from the licensing of software to third-parties. Revenue recognized over time includes service revenue allocated to the future update rights and the online hosting performance obligations. This also includes service revenue allocated to the future update rights from the licensing of software to third-parties, online-only software services such as our Ultimate Team game mode, and subscription services. Information about our total net revenue by composition for the three months ended June 30, 2021 and 2020 is presented below (in millions):
Full game net revenue includes full game downloads and packaged goods. Full game downloads includes revenue from digital sales of full games on console, PC, and mobile phones and tablets. Packaged goods includes revenue from software that is sold physically. This includes (1) net revenue from game software sold physically through traditional channels such as brick and mortar retailers, and (2) software licensing revenue from third parties (for example, makers of console platforms, personal computers or computer accessories) who include certain of our full games for sale with their products (for example, OEM bundles). Live services and other net revenue includes revenue from sales of extra content for console, PC and mobile games, licensing revenue from third-party publishing partners who distribute our games digitally, subscriptions, advertising, and non-software licensing. Information about our total net revenue by platform for the three months ended June 30, 2021 and 2020 is presented below (in millions):
Information about our operations in North America and internationally for the three months ended June 30, 2021 and 2020 is presented below (in millions):
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Fair Value Measurements (Tables) |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 |
Mar. 31, 2021 |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
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(a)The Deferred Compensation Plan assets consist of various mutual funds. See Note 15 in our Annual Report on Form 10-K for the fiscal year ended March 31, 2021, for additional information regarding our Deferred Compensation Plan.
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Financial Instruments (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Of Short-Term Investments | Short-term investments consisted of the following as of June 30, 2021 and March 31, 2021 (in millions):
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Fair Value Of Short-Term Investments By Stated Maturity Date Schedule | The following table summarizes the amortized cost and fair value of our short-term investments, classified by stated maturity as of June 30, 2021 and March 31, 2021 (in millions):
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Derivative Financial Instruments (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Notional Amounts of Outstanding Derivative Positions | Total gross notional amounts and fair values for currency derivatives with cash flow hedge accounting designation are as follows (in millions):
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Derivative Instruments, Gain (Loss) | The effects of cash flow hedge accounting in our Condensed Consolidated Statements of Operations for the three months ended June 30, 2021 and 2020 are as follows (in millions):
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Accumulated Other Comprehensive Income (Loss) (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30, 2021 and 2020 are as follows (in millions):
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Reclassification out of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the three months ended June 30, 2021 and 2020 were as follows (in millions):
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Business Combinations and Asset Acquisitions (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination and Asset Acquisition [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed:
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Goodwill And Acquisition-Related Intangibles, Net (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Changes In The Carrying Amount Of Goodwill | The changes in the carrying amount of goodwill for the three months ended June 30, 2021 are as follows (in millions):
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Schedule Of Acquisition-Related Intangibles | Acquisition-related intangibles consisted of the following (in millions):
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Schedule Of Amoritization Of Intangibles | Amortization of intangibles for the three months ended June 30, 2021 and 2020 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):
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Schedule Of Future Amortization Of Acquisition-Related Intangibles | As of June 30, 2021, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Condensed Consolidated Statements of Operations is estimated as follows (in millions):
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Royalties And Licenses (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Royalties And Licenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Royalty-Related Assets | The current and long-term portions of prepaid royalties and minimum guaranteed royalty-related assets, included in other current assets and other assets, consisted of (in millions):
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Balance Sheet Details (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance Sheet Related Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property And Equipment, Net Schedule | Property and equipment, net, as of June 30, 2021 and March 31, 2021 consisted of (in millions):
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Accrued And Other Current Liabilities Schedule | Accrued and other current liabilities as of June 30, 2021 and March 31, 2021 consisted of (in millions):
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Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | Deferred net revenue as of June 30, 2021 and March 31, 2021 consisted of (in millions):
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Financing Arrangement (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Carrying Values Of Liability and Equity Components of Senior Notes [Table Text Block] | The carrying and fair values of the Senior Notes are as follows (in millions):
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Schedule Of Interest Expense | The following table summarizes our interest expense recognized for the three months ended June 30, 2021 and 2020 that is included in interest and other income (expense), net on our Condensed Consolidated Statements of Operations (in millions):
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Commitments And Contingencies (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum Contractual Obligations | The following table summarizes our minimum contractual obligations as of June 30, 2021 (in millions):
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Stock-Based Compensation (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Condensed Consolidated Statements of Operations (in millions):
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Share-based Payment Arrangement, Option [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our stock option activity for the three months ended June 30, 2021:
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Restricted Stock Rights [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our restricted stock unit activity for the three months ended June 30, 2021:
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Performance Based Restricted Stock Units [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2021:
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Market-Based Restricted Stock Units [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2021:
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Repurchase Program, Total [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes total shares repurchased during the three months ended June 30, 2021 and 2020:
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Earnings Per Share (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share Reconciliation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computation Of Basic Earnings (Loss) And Diluted Earnings (Loss) Per Share | The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, and ESPP purchase rights using the treasury stock method.
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Segment and Revenue (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue | Information about our total net revenue by timing of recognition for the three months ended June 30, 2021 and 2020 is presented below (in millions):
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Net Revenue By Revenue Composition | Information about our total net revenue by composition for the three months ended June 30, 2021 and 2020 is presented below (in millions):
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Net Revenue by Platform | Information about our total net revenue by platform for the three months ended June 30, 2021 and 2020 is presented below (in millions):
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Net Revenue By Geographic Area | Information about our operations in North America and internationally for the three months ended June 30, 2021 and 2020 is presented below (in millions):
|
Description Of Business And Basis Of Presentation Fiscal Period (Details) |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Fiscal Period | ||
Current and Prior Years Fiscal Period (in weeks) | 52 | 53 |
Current and Prior Years Fiscal Quarter Period (in weeks) | 13 | 14 |
Minimum | ||
Fiscal Period | ||
Fiscal Year | 52 | |
Maximum | ||
Fiscal Period | ||
Fiscal Year | 53 |
(Fair Value Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
---|---|---|
Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Total assets at fair value | $ 1,033 | $ 2,712 |
Total liabilities at fair value | 22 | 19 |
Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Total assets at fair value | 709 | 778 |
Total liabilities at fair value | 37 | 40 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Total assets at fair value | 0 | 0 |
Total liabilities at fair value | 0 | 0 |
Short-term investments | Significant Other Observable Inputs (Level 2) | U.S. agency securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 3 | 3 |
Short-term investments | Significant Other Observable Inputs (Level 2) | Debt Security, Government, Non-US [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 63 | 67 |
Short-term investments | Significant Other Observable Inputs (Level 2) | Asset-backed Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Asset-backed securities | 117 | 112 |
Short-term investments | Significant Other Observable Inputs (Level 2) | Certificates of Deposit [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 37 | 41 |
Short-Term Investments And Cash Equivalents | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | U.S. Treasury securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 200 | 437 |
Short-Term Investments And Cash Equivalents | Significant Other Observable Inputs (Level 2) | Corporate bonds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 335 | 380 |
Short-Term Investments And Cash Equivalents | Significant Other Observable Inputs (Level 2) | Commercial paper | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 126 | 142 |
Cash Equivalents | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Bank Time Deposits [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Cash equivalents | 146 | 157 |
Cash Equivalents | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Money market funds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Cash equivalents | 666 | 2,100 |
Other Current Assets and Other Assets [Domain] | Significant Other Observable Inputs (Level 2) | Foreign currency derivatives | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Foreign currency derivatives, assets | 28 | 33 |
Other assets | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Deferred compensation plan assets | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Deferred compensation plan assets | 21 | 18 |
Accrued and Other Current Liabilities and Other Liabilities | Significant Other Observable Inputs (Level 2) | Foreign currency derivatives | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Foreign currency derivatives, liabilities | 37 | 40 |
Other liabilities | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Deferred Compensation Plan Liabilities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Deferred compensation plan assets | 22 | 19 |
Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Total assets at fair value | 1,742 | 3,490 |
Total liabilities at fair value | 59 | 59 |
Fair Value | Short-term investments | U.S. agency securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 3 | 3 |
Fair Value | Short-term investments | Debt Security, Government, Non-US [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 63 | 67 |
Fair Value | Short-term investments | Asset-backed Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Asset-backed securities | 117 | 112 |
Fair Value | Short-term investments | Certificates of Deposit [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 37 | 41 |
Fair Value | Short-Term Investments And Cash Equivalents | Corporate bonds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 335 | 380 |
Fair Value | Short-Term Investments And Cash Equivalents | U.S. Treasury securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 200 | 437 |
Fair Value | Short-Term Investments And Cash Equivalents | Commercial paper | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Available-for-sale of securities | 126 | 142 |
Fair Value | Cash Equivalents | Bank Time Deposits [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Cash equivalents | 146 | 157 |
Fair Value | Cash Equivalents | Money market funds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Cash equivalents | 666 | 2,100 |
Fair Value | Other Current Assets and Other Assets [Domain] | Foreign currency derivatives | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Foreign currency derivatives, assets | 28 | 33 |
Fair Value | Other assets | Deferred compensation plan assets | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Deferred compensation plan assets | 21 | 18 |
Fair Value | Accrued and Other Current Liabilities and Other Liabilities | Foreign currency derivatives | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Foreign currency derivatives, liabilities | 37 | 40 |
Fair Value | Other liabilities | Deferred Compensation Plan Liabilities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions | ||
Fair value, Deferred compensation plan assets | $ 22 | $ 19 |
Financial Instruments (Narrative) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
Jun. 30, 2020 |
Mar. 31, 2020 |
---|---|---|---|---|
Financial Instruments [Abstract] | ||||
Cash and cash equivalents | $ 2,838 | $ 5,260 | $ 4,013 | $ 3,768 |
Financial Instruments (Fair Value Of Short-Term Investments) (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2021 |
Mar. 31, 2021 |
||||
Financial Instruments | |||||
Fair Value | $ 881 | $ 1,106 | [1] | ||
Short-term investments | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 880 | 1,105 | |||
Gross Unrealized Gains | 1 | 1 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 881 | 1,106 | |||
Short-term investments | Corporate bonds | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 335 | 372 | |||
Gross Unrealized Gains | 0 | 0 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 335 | 372 | |||
Short-term investments | U.S. Treasury securities | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 199 | 374 | |||
Gross Unrealized Gains | 1 | 1 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 200 | 375 | |||
Short-term investments | U.S. agency securities | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 3 | 3 | |||
Gross Unrealized Gains | 0 | 0 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 3 | 3 | |||
Short-term investments | Commercial paper | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 126 | 136 | |||
Gross Unrealized Gains | 0 | 0 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 126 | 136 | |||
Short-term investments | Debt Security, Government, Non-US [Member] | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 63 | 67 | |||
Gross Unrealized Gains | 0 | 0 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 63 | 67 | |||
Short-term investments | Asset-backed Securities [Member] | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 117 | 112 | |||
Gross Unrealized Gains | 0 | 0 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | 117 | 112 | |||
Short-term investments | Certificates of Deposit [Member] | |||||
Financial Instruments | |||||
Cost or Amortized Cost | 37 | 41 | |||
Gross Unrealized Gains | 0 | 0 | |||
Gross Unrealized Losses | 0 | 0 | |||
Fair Value | $ 37 | $ 41 | |||
|
Financial Instruments (Fair Value Of Short-Term Investments By Stated Maturity Date Schedule) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
|||
---|---|---|---|---|---|
Financial Instruments | |||||
Short-term investments, Fair Value | $ 881 | $ 1,106 | [1] | ||
Short-term investments | |||||
Financial Instruments | |||||
Due in 1 year or less, Amortized Cost | 636 | 895 | |||
Due in 1 year or less, Fair Value | 637 | 896 | |||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | 237 | 203 | |||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value | 237 | 203 | |||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 7 | 7 | |||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value | 7 | 7 | |||
Short-term investments, Amortized Cost | 880 | 1,105 | |||
Short-term investments, Fair Value | $ 881 | $ 1,106 | |||
|
Derivative Financial Instruments (Narrative) (Details) |
3 Months Ended |
---|---|
Jun. 30, 2021 | |
Designated as Hedging Instrument [Member] | |
Derivative | |
Maximum Remaining Maturity of Foreign Currency Derivatives | 18 months |
Not Designated as Hedging Instrument [Member] | |
Derivative | |
Maximum Remaining Maturity of Foreign Currency Derivatives | 3 months |
Derivative Financial Instruments Gross Notional Amounts and Fair Values for Currency Derivatives (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
---|---|---|
Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Fair value of foreign currency contracts outstanding, Assets | $ 11 | $ 14 |
Fair value of foreign currency contracts outstanding, Liabilities | 0 | 1 |
Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Fair value of foreign currency contracts outstanding, Assets | 10 | 15 |
Fair value of foreign currency contracts outstanding, Liabilities | 30 | 35 |
Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | 264 | 370 |
Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | 1,557 | 1,840 |
United States Dollar [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | 673 | 599 |
United States Dollar [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | 435 | 450 |
Balance Sheet Hedging [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative Asset, Current | 0 | 0 |
Derivative Liability, Current | 7 | 4 |
Balance Sheet Hedging [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative Asset, Current | 7 | 4 |
Derivative Liability, Current | $ 0 | $ 0 |
Location of Income (Expense) Recognized in Income on Derivative, Non-Designated Hedging Instruments (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Derivative | ||
Net revenue | $ 1,551 | $ 1,459 |
Research and development | 515 | 438 |
Interest and other income (expense), net | (14) | (3) |
Sales Revenue, Net | ||
Derivative | ||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (19) | 11 |
Research And Development [Member] | ||
Derivative | ||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 8 | (6) |
Interest and Other Income (Expense), net | ||
Derivative | ||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | $ (7) | $ (4) |
Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Millions |
3 Months Ended | ||||
---|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||||
Beginning balance | $ (50) | [1] | $ (50) | ||
Other comprehensive income (loss) before reclassifications | 4 | 3 | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | (5) | |||
Total other comprehensive income (loss), net of tax | 15 | (2) | |||
Ending balance | (35) | (52) | |||
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||||
Beginning balance | 0 | (4) | |||
Other comprehensive income (loss) before reclassifications | 0 | 11 | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | 0 | |||
Total other comprehensive income (loss), net of tax | 0 | 11 | |||
Ending balance | 0 | 7 | |||
Unrealized Gains (Losses) on Derivative Instruments [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||||
Beginning balance | (29) | 39 | |||
Other comprehensive income (loss) before reclassifications | (5) | (32) | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | (5) | |||
Total other comprehensive income (loss), net of tax | 6 | (37) | |||
Ending balance | (23) | 2 | |||
Foreign Currency Translation Adjustment [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||||
Beginning balance | (21) | (85) | |||
Other comprehensive income (loss) before reclassifications | 9 | 24 | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | 0 | |||
Total other comprehensive income (loss), net of tax | 9 | 24 | |||
Ending balance | $ (12) | $ (61) | |||
|
Effects on net income of amounts reclassified from accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 11 | $ (5) |
Unrealized Gains (Losses) on Derivative Instruments [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | (5) |
Unrealized Gains (Losses) on Derivative Instruments [Member] | Sales Revenue, Net | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | 19 | (11) |
Unrealized Gains (Losses) on Derivative Instruments [Member] | Research And Development [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ (8) | $ 6 |
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Narrative) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 11 | $ (5) |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 11 | $ (5) |
Business Combinations (Details) $ in Thousands |
3 Months Ended | ||||
---|---|---|---|---|---|
Jun. 23, 2021
USD ($)
|
Apr. 29, 2021
USD ($)
gluCSToEACSConversionRate
|
Feb. 18, 2021
USD ($)
|
Jun. 30, 2021
USD ($)
|
Jun. 30, 2020
USD ($)
|
|
Business Acquisition [Line Items] | |||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 1,989,000 | $ 0 | |||
Goodwill acquired | 1,386,000 | ||||
Codemasters Group Holdings plc [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Date of Acquisition Agreement | Feb. 18, 2021 | ||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 1,200,000 | ||||
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities | 31,000 | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||
Glu Mobile Inc. [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Date of Acquisition Agreement | Apr. 29, 2021 | ||||
Intangible Assets Acquired | $ 657,000 | ||||
Payments to Acquire Businesses, Net of Cash Acquired | 2,002,000 | 2,000,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $ 332,000 | ||||
Exchange Ratio Used to Convert Glu Awards to EA Number of Shares | gluCSToEACSConversionRate | 0.0880 | ||||
Fair Value of the Replacement Awards | $ 133,000 | ||||
Portion of Replacement Awards Related to Services Rendered Prior to Glu Acquisition | 23,000 | ||||
Portion of Replacement Awards Related to Services Rendered After Glu Acquisition | 110,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets | 63,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 14,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets | 48,000 | ||||
Goodwill acquired | 1,406,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | (69,000) | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities | (78,000) | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities | $ (39,000) | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||
Business Acquisition, Transaction Costs | $ 15,000 | $ 11,000 | |||
Glu Mobile Inc. [Member] | Developed Technology Rights [Member] | |||||
Business Acquisition [Line Items] | |||||
Intangible Assets Acquired | 305,000 | ||||
Glu Mobile Inc. [Member] | In Process Research and Development [Member] | |||||
Business Acquisition [Line Items] | |||||
Intangible Assets Acquired | 88,000 | ||||
Glu Mobile Inc. [Member] | Trademarks [Member] | |||||
Business Acquisition [Line Items] | |||||
Intangible Assets Acquired | $ 252,000 | ||||
Playdemic [Member] | |||||
Business Acquisition [Line Items] | |||||
Payments to Acquire Businesses, Gross | $ 1,400,000 | ||||
Date of Announcement to Enter into a Definitive Merger Agreement | Jun. 23, 2021 |
Goodwill And Acquisition-Related Intangibles, Net (Narrative) (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |
---|---|---|---|
Jun. 30, 2021 |
Dec. 31, 2020 |
Apr. 29, 2021 |
|
Finite-Lived Intangible Assets | |||
Asset Impairment Charges | $ 12 | ||
Glu Mobile Inc. [Member] | |||
Finite-Lived Intangible Assets | |||
Intangible Assets Acquired | $ 657 | ||
Glu Mobile Inc. [Member] | Developed Technology Rights [Member] | |||
Finite-Lived Intangible Assets | |||
Intangible Assets Acquired | 305 | ||
Glu Mobile Inc. [Member] | Trademarks [Member] | |||
Finite-Lived Intangible Assets | |||
Intangible Assets Acquired | 252 | ||
Glu Mobile Inc. [Member] | Registered User Base And Other Intangibles | |||
Finite-Lived Intangible Assets | |||
Intangible Assets Acquired | 12 | ||
Glu Mobile Inc. [Member] | In Process Research and Development [Member] | |||
Finite-Lived Intangible Assets | |||
Intangible Assets Acquired | $ 88 | ||
Minimum | |||
Finite-Lived Intangible Assets | |||
Finite-Lived Intangible Asset, Useful Life | 1 year | ||
Maximum | |||
Finite-Lived Intangible Assets | |||
Finite-Lived Intangible Asset, Useful Life | 8 years | ||
Weighted Average | |||
Finite-Lived Intangible Assets | |||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 4 years 10 months 24 days | 3 years 6 months | |
Weighted Average | Glu Mobile Inc. [Member] | |||
Finite-Lived Intangible Assets | |||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 5 years 7 months 6 days |
Goodwill And Acquisition-Related Intangibles, Net (Schedule Of Changes In The Carrying Amount Of Goodwill) (Details) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Jun. 30, 2021
USD ($)
| ||||
Goodwill [Roll Forward] | ||||
Goodwill, Gross, Beginning balance | $ 3,236 | |||
Accumulated impairment, beginning balance | (368) | |||
Goodwill, Net, Beginning balance | 2,868 | [1] | ||
Goodwill acquired | 1,386 | |||
Effects of foreign currency translation | 2 | |||
Goodwill, Gross, Ending balance | 4,624 | |||
Accumulated impairment, ending balance | (368) | |||
Goodwill, Net, Ending balance | $ 4,256 | |||
|
Goodwill And Acquisition-Related Intangibles, Net (Schedule Of Acquisition-Related Intangibles) (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2021 |
Dec. 31, 2020 |
Mar. 31, 2021 |
||||
Finite-Lived Intangible Assets | ||||||
Gross carrying amount | $ 1,663 | $ 1,015 | ||||
Accumulated amortization | (754) | (706) | ||||
Acquisition-related intangibles, net | $ 909 | 309 | [1] | |||
Weighted Average | ||||||
Finite-Lived Intangible Assets | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 4 years 10 months 24 days | 3 years 6 months | ||||
Weighted Average | Glu Mobile Inc. [Member] | ||||||
Finite-Lived Intangible Assets | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 5 years 7 months 6 days | |||||
Developed And Core Technology | ||||||
Finite-Lived Intangible Assets | ||||||
Gross carrying amount | $ 989 | 691 | ||||
Accumulated amortization | (507) | (472) | ||||
Acquisition-related intangibles, net | 482 | 219 | ||||
Trade Names And Trademarks | ||||||
Finite-Lived Intangible Assets | ||||||
Gross carrying amount | 436 | 188 | ||||
Accumulated amortization | (155) | (144) | ||||
Acquisition-related intangibles, net | 281 | 44 | ||||
Registered User Base And Other Intangibles | ||||||
Finite-Lived Intangible Assets | ||||||
Gross carrying amount | 18 | 5 | ||||
Accumulated amortization | (7) | (5) | ||||
Acquisition-related intangibles, net | 11 | 0 | ||||
Carrier Contracts And Related | ||||||
Finite-Lived Intangible Assets | ||||||
Gross carrying amount | 85 | 85 | ||||
Accumulated amortization | (85) | (85) | ||||
Acquisition-related intangibles, net | 0 | 0 | ||||
In Process Research and Development [Member] | ||||||
Finite-Lived Intangible Assets | ||||||
Gross carrying amount | 135 | 46 | ||||
Accumulated amortization | 0 | 0 | ||||
Acquisition-related intangibles, net | $ 135 | $ 46 | ||||
|
Goodwill And Acquisition-Related Intangibles, Net (Schedule Of Amortization Of Intangible Assets) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangibles | $ 40 | $ 5 |
Cost of revenue | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangibles | 22 | 0 |
Operating expenses | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangibles | 40 | 5 |
Total amortization | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangibles | $ 62 | $ 5 |
Goodwill And Acquisition-Related Intangibles, Net (Schedule Of Future Amortization Of Acquisition-Related Intangibles) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
[1] | ||
---|---|---|---|---|---|
Finite-Lived Intangible Assets | |||||
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year | $ 194 | ||||
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 228 | ||||
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 172 | ||||
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 100 | ||||
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 80 | ||||
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 62 | ||||
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 73 | ||||
Finite-Lived Intangible Assets, Net | 909 | $ 309 | |||
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year through after Year Five [Member] | |||||
Finite-Lived Intangible Assets | |||||
Finite-Lived Intangible Assets, Net | $ 909 | ||||
|
Royalties And Licenses (Schedule Of Royalty-Related Assets) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
---|---|---|
Royalties and Licenses | ||
Royalty-related assets | $ 95 | $ 44 |
Other Current Assets | ||
Royalties and Licenses | ||
Royalty-related assets | 76 | 24 |
Other assets | ||
Royalties and Licenses | ||
Royalty-related assets | $ 19 | $ 20 |
Royalties And Licenses (Schedule Of Royalty-Related Liabilities) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
---|---|---|
Accrued royalties | ||
Royalty Related Liabilities | ||
Royalty-related liabilities | $ 175 | $ 210 |
Royalties And Licenses (Narrative) (Details) $ in Millions |
Jun. 30, 2021
USD ($)
|
---|---|
Royalties And Licenses | |
Unrecorded Unconditional Purchase Obligation (Royalties and Licenses) | $ 3,895 |
Developer Commitments | |
Royalties And Licenses | |
Unrecorded Unconditional Purchase Obligation (Royalties and Licenses) | $ 1,938 |
Balance Sheet Details (Narrative) (Details) - USD ($) $ in Millions |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Mar. 31, 2021 |
[1] | |||
Remaining Performance Obligations | ||||||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 12 months | |||||
Depreciation expense | $ 40 | $ 31 | ||||
Deferred Revenue, Current | 1,305 | $ 1,527 | ||||
Deferred Revenue, Revenue Recognized | $ 961 | $ 742 | ||||
|
Balance Sheet Details (Property And Equipment, Net Schedule) (Details) - USD ($) $ in Millions |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Mar. 31, 2021 |
||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | $ 1,576 | $ 1,521 | ||||
Less: accumulated depreciation | (1,066) | (1,030) | ||||
Property and equipment, net | 510 | 491 | [1] | |||
Depreciation expense | 40 | $ 31 | ||||
Computer, equipment and software | ||||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | 829 | 808 | ||||
Buildings | ||||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | 372 | 370 | ||||
Leasehold improvements | ||||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | 184 | 172 | ||||
Equipment, furniture and fixtures, and other | ||||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | 95 | 93 | ||||
Land | ||||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | 67 | 66 | ||||
Construction in progress | ||||||
Property and Equipment, Net [Line Items] | ||||||
Property and equipment, gross | $ 29 | $ 12 | ||||
|
Balance Sheet Details (Accrued And Other Current Liabilities Schedule) (Details) - USD ($) $ in Millions |
Jun. 30, 2021 |
Mar. 31, 2021 |
|||
---|---|---|---|---|---|
Balance Sheet Related Disclosures [Abstract] | |||||
Other accrued expenses | $ 328 | $ 351 | |||
Accrued compensation and benefits | 313 | 494 | |||
Accrued royalties | 175 | 210 | |||
Contract with Customer, Liability, Current | 88 | 115 | |||
Deferred net revenue, other | 113 | 95 | |||
Operating Lease, Liability, Current | 76 | 76 | |||
Accrued and other current liabilities | $ 1,093 | $ 1,341 | [1] | ||
|
Balance Sheet Details (Deferred Net Revenue) (Details) - USD ($) $ in Millions |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Mar. 31, 2021 |
||||
Deferred Revenue Arrangement [Line Items] | ||||||
Deferred Revenue, Current | $ 1,305 | $ 1,527 | [1] | |||
Deferred Revenue, Revenue Recognized | 961 | $ 742 | ||||
Online enabled games [Member] | ||||||
Deferred Revenue Arrangement [Line Items] | ||||||
Deferred Revenue, Current | 1,305 | 1,527 | ||||
Other [Member] | ||||||
Deferred Revenue Arrangement [Line Items] | ||||||
Deferred Revenue, Current | 113 | 95 | ||||
Noncurrent [Member] | ||||||
Deferred Revenue Arrangement [Line Items] | ||||||
Deferred Revenue, Noncurrent | 26 | 14 | ||||
Total [Member] | ||||||
Deferred Revenue Arrangement [Line Items] | ||||||
Deferred Revenue | $ 1,444 | $ 1,636 | ||||
|
Balance Sheet Details (Remaining Performance Obligations) (Details) $ in Millions |
Jun. 30, 2021
USD ($)
|
---|---|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 12 months |
Total deferred revenue [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | $ 1,444 |
Income Taxes (Narrative) (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Sep. 30, 2021 |
|
Income Tax Footnote Disclosure [Line Items] | |||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 13 | ||
Gross unrecognized tax benefits | $ 593 | ||
Effective Income Tax Rate Reconciliation, Percent | 34.00% | 22.00% | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | ||
Decrease in Unrecognized Tax Benefits is Reasonably Possible | $ 5 | ||
Maximum | Codemasters Group Holdings plc [Member] | Subsequent Event [Member] | |||
Income Tax Footnote Disclosure [Line Items] | |||
Deferred Tax Liability, Intra-entity Transfer, Asset Other than Inventory | $ 50 |
Financing Arrangement (Senior Notes) (Details) - USD ($) $ in Millions |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Feb. 04, 2016 |
Jun. 30, 2021 |
Mar. 31, 2021 |
Feb. 11, 2021 |
Feb. 24, 2016 |
||||
Debt Instrument [Line Items] | ||||||||
Proceeds from Issuance of Senior Long-term Debt | $ 395 | |||||||
Senior Notes, Noncurrent | $ 1,877 | $ 1,876 | [1] | |||||
Senior Notes | 1,877 | 1,876 | ||||||
Proceeds from Debt, Net of Issuance Costs | 1,478 | |||||||
2026 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Long-term Debt | $ 400 | 400 | $ 400 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 4.80% | |||||||
Debt Instrument, Maturity Date | Mar. 01, 2026 | |||||||
Effective interest rate | 4.97% | |||||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 4 years 8 months 12 days | |||||||
Senior Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Long-term Debt | $ 1,900 | 1,900 | ||||||
Debt Instrument, Unamortized Discount (Premium), Net | (7) | (7) | $ 6 | $ (1) | ||||
Debt Issuance Costs, Noncurrent, Net | (16) | (17) | 16 | $ (4) | ||||
Senior Notes, Frequency of Periodic Payment | semiannually | |||||||
Debt Instrument, Fair Value Disclosure | $ 1,928 | 1,873 | ||||||
Debt Instrument, Redemption Price, Percentage | 100.00% | |||||||
Change of control repurchase event | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt Instrument, Redemption Price, Percentage | 101.00% | |||||||
2031 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Long-term Debt | $ 750 | 750 | $ 750 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 1.85% | |||||||
Debt Instrument, Maturity Date | Feb. 15, 2031 | |||||||
Effective interest rate | 1.98% | |||||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 9 years 7 months 6 days | |||||||
2051 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Long-term Debt | $ 750 | $ 750 | $ 750 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 2.95% | |||||||
Debt Instrument, Maturity Date | Feb. 15, 2051 | |||||||
Effective interest rate | 3.04% | |||||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 29 years 7 months 6 days | |||||||
|
Financing Arrangement (Line of Credit Facility) (Details) - Revolving Credit Facility [Member] $ in Millions |
3 Months Ended |
---|---|
Jun. 30, 2021
USD ($)
| |
Line of Credit Facility [Line Items] | |
Credit Facility, Maximum Borrowing Capacity | $ 500 |
Option To Request Additional Commitments On Credit Facility | 500 |
Debt issuance costs | $ 2 |
Line of Credit Facility Term | 5 years |
Financing Arrangement (Schedule Of Interest Expense Related To Notes) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Debt Instruments [Abstract] | ||
Amortization of debt issuance costs | $ 0 | $ (1) |
Coupon interest expense | (14) | (10) |
Total interest expense | $ (14) | $ (11) |
Commitments And Contingencies (Narrative) (Details) $ in Millions |
Jun. 30, 2021
USD ($)
|
---|---|
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | $ 3,895 |
Liability for Uncertainty in Income Taxes, Noncurrent | $ 299 |
Commitments And Contingencies (Minimum Contractual Obligations) (Details) $ in Millions |
Jun. 30, 2021
USD ($)
|
---|---|
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | $ 3,895 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 445 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 652 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 738 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 585 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 456 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 122 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 897 |
Recorded Total | 2,308 |
Recorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 122 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 61 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 53 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 46 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 441 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 22 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 1,563 |
TotalUnconditionalPurchaseObligationBalanceSheetAmount | 6,203 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountRemainingForCurrentFiscalYear | 567 |
Total Unconditional PurchaseObligationBalanceSheetAmountOneYearAfterFiscalYearEnd | 713 |
Total Unconditional Purchase Obligation Balance Sheet Amount Two Years After Fiscal Year End | 791 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountThreeYearsAfterFiscalYearEnd | 631 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountFourYearsAfterFiscalYearEnd | 897 |
Total Unconditional Purchase Obligation Balance Sheet Amount Five Years After Fiscal Year End | 144 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountThereafter | $ 2,460 |
Minimum | |
Long-term Purchase Commitment [Line Items] | |
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract | 3 years |
Maximum | |
Long-term Purchase Commitment [Line Items] | |
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract | 12 years |
Developer Commitments | |
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | $ 1,938 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 241 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 390 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 399 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 389 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 296 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 60 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 163 |
Marketing [Member] | |
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | 662 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 126 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 144 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 138 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 125 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 87 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 11 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 31 |
Senior Notes Interest [Member] | |
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | 877 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 35 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 54 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 36 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 587 |
Operating Lease Imputed Interest [Member] [Member] | |
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | 32 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 6 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 6 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 5 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 3 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 3 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 2 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 7 |
Other Unrecorded Purchase Obligations [Member] | |
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | 220 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 31 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 50 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 132 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 5 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 2 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 0 |
Senior Notes Principal And Interest [Member] | |
Long-term Purchase Commitment [Line Items] | |
Recorded Total | 1,920 |
Recorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 20 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 400 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 1,500 |
Operating Lease [Member] | |
Long-term Purchase Commitment [Line Items] | |
Unrecorded Total | 166 |
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 6 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 7 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 9 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 8 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 14 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 13 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 109 |
Recorded Total | 323 |
Recorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 57 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 58 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 49 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 40 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 34 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 22 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 63 |
Transition And Other Taxes [Member] | |
Long-term Purchase Commitment [Line Items] | |
Recorded Total | 44 |
Recorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 24 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 3 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 4 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 6 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 7 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 0 |
License obligations [Member] | |
Long-term Purchase Commitment [Line Items] | |
Recorded Total | 21 |
Recorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | 21 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | $ 0 |
Commitments And Contingencies Subsequent Events (Details) $ in Millions |
Jun. 30, 2021
USD ($)
|
---|---|
Subsequent Event [Line Items] | |
Unrecorded Unconditional Purchase Obligation | $ 3,895 |
Subsequent Event [Member] | |
Subsequent Event [Line Items] | |
Unrecorded Unconditional Purchase Obligation | $ 280 |
Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | ||
---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
May 11, 2018 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Repurchase and retirement of common stock | $ 325 | $ 78 | |
Market-Based Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Unrecognized compensation cost related to stock options and restricted stock rights | $ 79 | ||
Market-Based Restricted Stock Units [Member] | Minimum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage range of shares received at vesting based on total stockholder return ("TSR") | 0.00% | ||
Market-Based Restricted Stock Units [Member] | Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage range of shares received at vesting based on total stockholder return ("TSR") | 200.00% | ||
Performance Based Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Unrecognized compensation cost related to stock options and restricted stock rights | $ 20 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 129.00% | ||
Performance Based Restricted Stock Units [Member] | Minimum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage range of shares received at vesting based on total stockholder return ("TSR") | 0.00% | ||
Performance Based Restricted Stock Units [Member] | Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage range of shares received at vesting based on total stockholder return ("TSR") | 200.00% | ||
Restricted Stock Rights [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Unrecognized compensation cost related to stock options and restricted stock rights | $ 991 | ||
Weighted-average service period | 2 years 1 month 6 days | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Unrecognized compensation cost related to stock options and restricted stock rights | $ 884 | ||
May 2018 Repurchase Program [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Amount of common stock authorized for repurchase | $ 2,400 | ||
Stock Repurchased and Retired During Period, Shares | 0.7 | ||
Repurchase and retirement of common stock | $ 78 | ||
Stock-based compensation expense [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Deferred Income Tax Expense (Benefit) | $ 24 | $ 22 |
Stock-Based Compensation (Schedule Of Assumptions Used In Monte-Carlo Simulation Model) (Details) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Assumptions Used In Monte Carlo Simulation Model | The assumptions used in the Monte-Carlo simulation model to value our market-based restricted stock units were as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market-Based Restricted Stock Units [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-free interest rate, minimum | 0.40% | 0.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-free interest rate, maximum | 0.40% | 0.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected volatility, minimum | 24.00% | 23.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected volatility, maximum | 76.00% | 63.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate | 40.00% | 37.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected dividends | 0.00% | 0.00% |
Stock-Based Compensation (Schedule Of Stock Option Activity) (Details) $ / shares in Units, shares in Thousands, $ in Millions |
3 Months Ended |
---|---|
Jun. 30, 2021
USD ($)
$ / shares
shares
| |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | |
Options, Outstanding, Beginning Balance | shares | 267 |
Options, Granted | shares | 1 |
Options, Exercised | shares | (18) |
Options, Forfeited, cancelled or expired | shares | (9) |
Options, Outstanding, Ending Balance | shares | 391 |
Options, Vested and expected to vest | shares | 391 |
Options, Exercisable | shares | 273 |
Weighted-average exercise price of options outstanding, beginning balance | $ / shares | $ 35.71 |
Weighted-average exercise price of options granted during period | $ / shares | 141.18 |
Weighted-average exercise price of options exercised during the period | $ / shares | 42.62 |
Weighted-average exercise price of options forfeited, cancelled or expired during the period | $ / shares | 63.26 |
Weighted-average exercise price of options outstanding, ending balance | $ / shares | 44.59 |
Weighted-average exercise price of options vested and expected to vest | $ / shares | 44.59 |
Weighted-average exercise price of options exercisable | $ / shares | $ 36.78 |
Weighted-average remaining contractual term of options outstanding | 4 years 4 months 20 days |
Weighted-average remaining contractual term of options vested and expected to vest | 4 years 4 months 20 days |
Weighted-average remaining contractual term of options exercisable | 3 years 2 months 23 days |
Aggregate intrinsic value of options outstanding | $ | $ 39 |
Aggregate intrinsic value of options vested and expected to vest | $ | 39 |
Aggregate intrinsic value of options exercisable | $ | $ 29 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options, Granted | shares | 1 |
Weighted-average exercise price of options granted during period | $ / shares | $ 141.18 |
Glu Mobile Inc. [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | |
Options, Granted | shares | 150 |
Weighted-average exercise price of options granted during period | $ / shares | $ 60.87 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options, Granted | shares | 150 |
Weighted-average exercise price of options granted during period | $ / shares | $ 60.87 |
Stock-Based Compensation (Schedule Of Restricted Stock Rights Activity, Excluding Performance-Based Activity) (Details) - Restricted Stock Rights [Member] shares in Thousands |
3 Months Ended |
---|---|
Jun. 30, 2021
$ / shares
shares
| |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |
Outstanding balance | shares | 5,764 |
Granted | shares | 3,032 |
Vested | shares | (1,503) |
Forfeited or cancelled | shares | (202) |
Outstanding balance | shares | 7,907 |
Weighted-average grant date fair value, beginning balance | $ / shares | $ 113.25 |
Weighted-average grant date fair value, vested during period | $ / shares | 142.43 |
Weighted-average grant date fair value, vested during period | $ / shares | 116.87 |
Weighted-average grant date fair value, forfeited or cancelled during period | $ / shares | 120.27 |
Weighted-average grant date fair value, ending balance | $ / shares | $ 124.33 |
Glu Mobile Inc. [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |
Granted | shares | 816 |
Weighted-average grant date fair value, vested during period | $ / shares | $ 120.54 |
Stock-Based Compensation (Schedule Of Performance-Based Restricted Stock Unit Activity) (Details) - Restricted Stock Rights [Member] shares in Thousands |
3 Months Ended |
---|---|
Jun. 30, 2021
$ / shares
shares
| |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |
Outstanding balance | shares | 579 |
Granted | shares | 219 |
Vested | shares | 266 |
Forfeited or cancelled | shares | (313) |
Outstanding balance | shares | 219 |
Weighted-average grant date fair value, beginning balance | $ / shares | $ 110.51 |
Weighted-average grant date fair value, vested during period | $ / shares | 142.60 |
Weighted-average grant date fair value, forfeited or cancelled during period | $ / shares | 110.51 |
Weighted-average grant date fair value, ending balance | $ / shares | 142.60 |
Weighted-average grant date fair value, vested during period | $ / shares | $ 110.51 |
Stock-Based Compensation (Schedule Of Market-Based Restricted Stock Unit Activity) (Details) - Market-Based Restricted Stock Units [Member] shares in Thousands |
3 Months Ended |
---|---|
Jun. 30, 2021
$ / shares
shares
| |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |
Outstanding balance | shares | 2,195 |
Granted | shares | 159 |
Vested | shares | (176) |
Forfeited or cancelled | shares | (593) |
Outstanding balance | shares | 1,585 |
Weighted-average grant date fair value, beginning balance | $ / shares | $ 134.60 |
Weighted-average grant date fair values of market-based restricted stock rights granted | $ / shares | 173.25 |
Weighted-average grant date fair value, vested during period | $ / shares | 128.62 |
Weighted-average grant date fair value, forfeited or cancelled during period | $ / shares | 154.50 |
Weighted-average grant date fair value, ending balance | $ / shares | $ 131.69 |
Stock-Based Compensation (Schedule Of Stock-Based Compensation Expense By Statement Of Operations) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Stock-based compensation expense | $ 125 | $ 102 |
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | 8 | |
Cost of revenue | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Stock-based compensation expense | 1 | 1 |
Research And Development [Member] | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Stock-based compensation expense | 85 | 66 |
Marketing and Sales [Member] | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Stock-based compensation expense | 12 | 11 |
General And Administrative [Member] | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Stock-based compensation expense | $ 27 | $ 24 |
Stock-Based Compensation Schedule of Share Repurchases (Details) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | ||||
---|---|---|---|---|---|
Nov. 04, 2022 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Nov. 04, 2020 |
May 11, 2018 |
|
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased and Retired During Period, Value | $ 325 | $ 78 | |||
May 2018 Repurchase Program [Member] | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased and Retired During Period, Value | $ 78 | ||||
Stock Repurchased and Retired During Period, Shares | 0.7 | ||||
Stock Repurchase Program, Authorized Amount | $ 2,400 | ||||
November 2020 Repurchase Program [Member] | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased and Retired During Period, Value | $ 325 | ||||
Stock Repurchased and Retired During Period, Shares | 2.3 | ||||
Stock Repurchase Program, Authorized Amount | $ 2,600 | ||||
Stock Repurchase Program Expiration Date | Nov. 04, 2022 | ||||
Repurchase Program, Total | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased and Retired During Period, Value | $ 325 | $ 78 | |||
Stock Repurchased and Retired During Period, Shares | 2.3 | 0.7 |
Earnings Per Share (Computation Of Basic Earnings And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Earnings Per Share Reconciliation [Abstract] | ||
Net income (loss) | $ 204 | $ 365 |
Weighted Average Number of Shares Outstanding, Basic | 286 | 288 |
Dilutive potential common shares related to stock award plans and from assumed exercise of stock options | 3 | 4 |
Weighted Average Number of Shares Outstanding, Diluted | 289 | 292 |
Earnings Per Share, Basic | $ 0.71 | $ 1.27 |
Earnings Per Share, Diluted | $ 0.71 | $ 1.25 |
Earnings Per Share (Narrative) (Details) shares in Thousands |
3 Months Ended |
---|---|
Jun. 30, 2021
shares
| |
Earnings Per Share Reconciliation [Abstract] | |
Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share, Amount | 1,000 |
Segment Information (Net Revenue By Timing Recognition) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | $ 1,551 | $ 1,459 |
Recognized at a point in time | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | 405 | 442 |
Recognized over time | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | $ 1,146 | $ 1,017 |
Segment Information (Net Revenue By Revenue Composition ) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | $ 1,551 | $ 1,459 |
Recognized at a point in time | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | 405 | 442 |
Recognized over time | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | 1,146 | 1,017 |
Full game, net revenue [Member] | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | 322 | 359 |
Full game downloads, net revenue [Member] | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | 233 | 223 |
Packaged goods, net revenue [Member] | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | 89 | 136 |
Live services and other, net revenue [Member] | ||
Segment Reporting, Revenue Reconciling Item | ||
Net revenue | $ 1,229 | $ 1,100 |
Segment Information (Net Revenue By Platform) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Net Revenue by Platform [Line Items] | ||
Net revenue | $ 1,551 | $ 1,459 |
Console | ||
Net Revenue by Platform [Line Items] | ||
Net revenue | 972 | 932 |
PC and other | ||
Net Revenue by Platform [Line Items] | ||
Net revenue | 361 | 325 |
Mobile | ||
Net Revenue by Platform [Line Items] | ||
Net revenue | $ 218 | $ 202 |
Segment Information (Net Revenue By Geographic Area) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Revenue from External Customer [Line Items] | ||
Net revenue | $ 1,551 | $ 1,459 |
North America | ||
Revenue from External Customer [Line Items] | ||
Net revenue | 682 | 627 |
International | ||
Revenue from External Customer [Line Items] | ||
Net revenue | $ 869 | $ 832 |
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