Segment, Geographic, and Significant Customer Information

9 Months Ended

Jan. 29, 2021

Segment Reporting [Abstract]

Segment, Geographic, and Significant Customer Information

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				Nine Months Ended
	January 29, 2021		January 24, 2020		January 29, 2021		January 24, 2020
United States, Canada and Latin America (Americas)	$	778	$	695	$	2,268	$	2,101
Europe, Middle East and Africa (EMEA)		474		494		1,279		1,298
Asia Pacific (APAC)		218		215		642		612
Net revenues	$	1,470	$	1,404	$	4,189	$	4,011

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $693 million and $620 million during the three months ended January 29, 2021 and January 24, 2020, respectively, and were $2,035 million and $1,897 million during the nine months ended January 29, 2021 and January 24, 2020, 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):

	January 29, 2021		April 24, 2020
U.S.	$	1,598	$	385
International		2,296		2,497
Total	$	3,894	$	2,882

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):

	January 29, 2021		April 24, 2020
U.S.	$	548	$	540
International		183		187
Total	$	731	$	727

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

	Three Months Ended						Nine Months Ended
	January 29, 2021			January 24, 2020			January 29, 2021			January 24, 2020
Arrow Electronics, Inc.		24	%		25	%		24	%		25	%
Tech Data Corporation		19	%		20	%		20	%		20	%

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

	January 29, 2021			April 24, 2020
Arrow Electronics, Inc.		7	%		13	%
Tech Data Corporation		13	%		19	%