16. 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):

	Year Ended
	April 28, 2017		April 29, 2016		April 24, 2015
United States, Canada and Latin America (Americas)	$	3,077	$	3,067	$	3,447
Europe, Middle East and Africa (EMEA)		1,712		1,757		1,857
Asia Pacific (APAC)		730		722		819
Net revenues	$	5,519	$	5,546	$	6,123

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $2,774 million, $2,753 million and $3,096 million during fiscal 2017, 2016 and 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):

	April 28, 2017		April 29, 2016
U.S.	$	425	$	513
International		4,496		4,790
Total	$	4,921	$	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):

	April 28, 2017		April 29, 2016
U.S.	$	593	$	797
International		206		140
Total	$	799	$	937

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

	Year Ended
	April 28, 2017			April 29, 2016			April 24, 2015
Arrow Electronics, Inc.		22	%		22	%		23	%
Avnet, Inc.		20	%		19	%		16	%

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

April 28,

2017

April 29,

2016

Arrow Electronics, Inc.

Avnet, Inc.