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 27, 2018		April 28, 2017		April 29, 2016
United States, Canada and Latin America (Americas)	$	3,184	$	3,077	$	3,067
Europe, Middle East and Africa (EMEA)		1,883		1,712		1,757
Asia Pacific (APAC)		844		730		722
Net revenues	$	5,911	$	5,519	$	5,546

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $2,861 million, $2,774 million and $2,753 million during fiscal 2018, 2017 and 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):

	April 27, 2018		April 28, 2017
U.S.	$	853	$	425
International		4,538		4,496
Total	$	5,391	$	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):

	April 27, 2018		April 28, 2017
U.S.	$	566	$	593
International		190		206
Total	$	756	$	799

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

	Year Ended
	April 27, 2018			April 28, 2017			April 29, 2016
Arrow Electronics, Inc.		23	%		22	%		22	%
Tech Data Corporation (previously presented as Avnet, Inc.)		19	%		20	%		19	%

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

	April 27, 2018			April 28, 2017
Arrow Electronics, Inc.		17	%		15	%
Tech Data Corporation (previously presented as Avnet, Inc.)		17	%		14	%