15. 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 27, 2017		October 28, 2016		October 27, 2017		October 28, 2016
United States, Canada and Latin America (Americas)	$	796	$	768	$	1,522	$	1,504
Europe, Middle East and Africa (EMEA)		431		396		832		783
Asia Pacific (APAC)		195		176		393		347
Net revenues	$	1,422	$	1,340	$	2,747	$	2,634

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $726 million and $697 million during the three months ended October 27, 2017 and October 28, 2016, respectively, and were $1,376 million and $1,363 million during the six months ended October 27, 2017 and October 28, 2016, 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 27, 2017		April 28, 2017
U.S.	$	941	$	425
International		5,024		4,496
Total	$	5,965	$	4,921

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 27, 2017		April 28, 2017
U.S.	$	595	$	593
International		200		206
Total	$	795	$	799

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 27, 2017			October 28, 2016			October 27, 2017			October 28, 2016
Arrow Electronics, Inc.		22	%		23	%		23	%		21	%
Tech Data Corporation (previously presented as Avnet, Inc.)		19	%		20	%		20	%		20	%

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

October 27,

2017

April 28,

2017

Arrow Electronics, Inc.

Tech Data Corporation (previously presented as Avnet, Inc.)