Electronic Arts 2011 Annual Report Download - page 160
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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):
As of March 31,
2011 2010
Other current assets .......................................................... $ 89 $ 66
Other assets ................................................................ 22 36
Royalty-related assets ...................................................... $111 $102
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 recognize unpaid royalty amounts owed to these
parties as accrued liabilities. The current and long-term portions of accrued royalties, included in accrued and
other current liabilities and other liabilities, consisted of (in millions):
As of March 31,
2011 2010
Accrued and other current liabilities ............................................. $136 $144
Other liabilities ............................................................. 61 —
Royalty-related liabilities ................................................... $197 $144
As of March 31, 2011, $101 million of restructuring accruals related to the fiscal 2011 restructuring plan is
included in royalty-related liabilities in the table above. See Note 7 for details of restructuring and other
restructuring plan-related activities and Note 9 for the details of our accrued and other current liabilities.
In addition, as of March 31, 2011, we were committed to pay approximately $1,217 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 Consolidated Financial Statements.
(9) BALANCE SHEET DETAILS
Inventories
Inventories as of March 31, 2011 and 2010 consisted of (in millions):
As of March 31,
2011 2010
Raw materials and work in process .............................................. $ 8 $ 10
Finished goods .............................................................. 69 90
Inventories ............................................................. $77 $100
84