Segment, Geographic, and Significant Customer Information

3 Months Ended

Jul. 27, 2012

Segment, Geographic, and Significant Customer Information

14.  Segment, Geographic, and Significant Customer Information

We operate in one reportable industry segment: the design, manufacturing, marketing, and technical support of high-performance networked storage solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from its internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management system because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.

Summarized revenues by geographic region from our internal management system and utilized by our Chief Executive Officer, who is considered our Chief Operating Decision Maker, is as follows (in millions):

	Three Months Ended
	July 27, 2012		July 29, 2011
Americas (United States, Canada and Latin America)*	$	801.1	$	813.4
Europe, Middle East and Africa		439.3		456.7
Asia Pacific and Japan		204.2		188.1
Net revenues	$	1,444.6	$	1,458.2

* Americas revenues consist of Americas commercial and U.S. public sector markets. Sales to customers inside the United States comprised $711.4 million and $689.3 million of Americas net revenues during the three months ended July 27, 2012 and July 29, 2011, respectively.

The majority of our assets, excluding cash, cash equivalents, restricted cash, short-term investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents and short-term investments held in the United States and internationally in various foreign subsidiaries (in millions):

	July 27, 2012		April 27, 2012
United States	$	2,568.4	$	2,697.6
International		2,872.7		2,763.8
Total	$	5,441.1	$	5,461.4

Property and equipment information is based on the physical location of the assets. The following table presents property and equipment information for geographic areas (in millions):

	July 27, 2012		April 27, 2012
United States	$	1,041.2	$	1,038.9
International		97.9		98.3
Total	$	1,139.1	$	1,137.2

No more than ten percent of property and equipment was located in any single foreign country.

International sales to a single foreign country that accounted for ten percent or more of net revenues are as follows (in millions):

	Three Months Ended
	July 27, 2012		July 29, 2011
Germany	$	146.7	$	147.8

The following customers, each of which is a distributor, accounted for ten percent or more of our net revenues (in millions):

	Three Months Ended
	July 27, 2012		July 29, 2011
Arrow Electronics, Inc.	$	229.5	$	212.9
Avnet, Inc.		198.3		159.1

The following customer accounted for ten percent or more of net accounts receivable (in millions):

	July 27, 2012		April 27, 2012
Avnet, Inc.	$	63.1	$	92.5