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
	July 27, 2018		July 28, 2017
United States, Canada and Latin America (Americas)	$	843	$	721
Europe, Middle East and Africa (EMEA)		430		401
Asia Pacific (APAC)		201		199
Net revenues	$	1,474	$	1,321

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $761 million and $639 million during the three months ended July 27, 2018 and July 28, 2017, 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):

	July 27, 2018		April 27, 2018
U.S.	$	553	$	853
International		4,258		4,538
Total	$	4,811	$	5,391

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):

	July 27, 2018		April 27, 2018
U.S.	$	581	$	566
International		187		190
Total	$	768	$	756

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

	Three Months Ended
	July 27, 2018			July 28, 2017
Arrow Electronics, Inc.		22	%		23	%
Tech Data Corporation		17	%		20	%

The following customers accounted for 10% or more of accounts receivable in at least one of the periods presented:

July 27,

2018

April 27,

2018

Arrow Electronics, Inc.

Tech Data Corporation