Segment, Geographic, and Significant Customer Information

6 Months Ended

Oct. 28, 2016

Segment Reporting [Abstract]

Segment, Geographic, and Significant Customer Information

14. Segment, Geographic, and Significant Customer Information

We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance storage and data management 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 our 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 reporting because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.

Summarized revenues by geographic region based on information 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				Six Months Ended
	October 28, 2016		October 30, 2015		October 28, 2016		October 30, 2015
United States, Canada and Latin America (Americas)	$	768	$	819	$	1,504	$	1,564
Europe, Middle East and Africa (EMEA)		396		430		783		845
Asia Pacific (APAC)		176		196		347		371
Net revenues	$	1,340	$	1,445	$	2,634	$	2,780

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $697 million and $743 million during the three months ended October 28, 2016 and October 30, 2015, respectively, and were $1,363 million and $1,408 million during the six months ended October 28, 2016 and October 30, 2015, respectively.

The majority of our assets, excluding cash, cash equivalents, 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 U.S. and internationally in various foreign subsidiaries (in millions):

	October 28, 2016		April 29, 2016
U.S.	$	450	$	513
International		3,907		4,790
Total	$	4,357	$	5,303

With the exception of property and equipment, we do not identify or allocate our long-lived assets by geographic area. The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):

	October 28, 2016		April 29, 2016
U.S.	$	757	$	797
International		192		140
Total	$	949	$	937

The following customers, each of which is a distributor, accounted for 10% or more of our net revenues:

	Three Months Ended						Six Months Ended
	October 28, 2016			October 30, 2015			October 28, 2016			October 30, 2015
Arrow Electronics, Inc.		23	%		22	%		21	%		22	%
Avnet, Inc.		20	%		19	%		20	%		18	%

The following customers accounted for 10% or more of accounts receivable:

	October 28, 2016			April 29, 2016
Arrow Electronics, Inc.		14	%		12	%
Avnet, Inc.		14	%		15	%