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Segment, Geographic, and Significant Customer Information
 9 Months Ended
Jan. 29, 2016
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,

2016

 

 

January 23,

2015

 

 

January 29,

2016

 

 

January 23,

2015

 

United States, Canada and Latin America (Americas)

 

$

752

 

 

$

837

 

 

$

2,316

 

 

$

2,574

 

Europe, Middle East and Africa (EMEA)

 

 

456

 

 

 

509

 

 

 

1,301

 

 

 

1,392

 

Asia Pacific (APAC)

 

 

178

 

 

 

205

 

 

 

549

 

 

 

617

 

Net revenues

 

$

1,386

 

 

$

1,551

 

 

$

4,166

 

 

$

4,583

 

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $664 million and $747 million during the three months ended January 29, 2016 and January 23, 2015, respectively, and were $2,072 million and $2,310 million during the nine months ended January 29, 2016 and January 23, 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):

 

 

 

January 29,

2016

 

 

April 24,

2015

 

U.S.

 

$

598

 

 

$

596

 

International

 

 

4,425

 

 

 

4,730

 

Total

 

$

5,023

 

 

$

5,326

 

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,

2016

 

 

April 24,

2015

 

U.S.

 

$

750

 

 

$

927

 

International

 

 

123

 

 

 

103

 

Total

 

$

873

 

 

$

1,030

 

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,

2016

 

 

January 23,

2015

 

 

January 29,

2016

 

 

January 23,

2015

 

Arrow Electronics, Inc.

 

 

21

%

 

 

22

%

 

 

22

%

 

 

23

%

Avnet, Inc.

 

 

19

%

 

 

16

%

 

 

19

%

 

 

16

%

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

 

 

 

January 29,

2016

 

 

April 24,

2015

 

Arrow Electronics, Inc.

 

N/A

 

 

 

14

%

Avnet, Inc.

 

 

12

%

 

 

16

%

 

N/A - Not applicable