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 26, 2018		January 27, 2017		January 26, 2018		January 27, 2017
United States, Canada and Latin America (Americas)	$	823	$	767	$	2,345	$	2,271
Europe, Middle East and Africa (EMEA)		487		460		1,319		1,243
Asia Pacific (APAC)		213		177		606		524
Net revenues	$	1,523	$	1,404	$	4,270	$	4,038

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $739 million and $684 million during the three months ended January 26, 2018 and January 27, 2017, respectively, and were $2,115 million and $2,047 million during the nine months ended January 26, 2018 and January 27, 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):

	January 26, 2018		April 28, 2017
U.S.	$	562	$	425
International		5,057		4,496
Total	$	5,619	$	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):

	January 26, 2018		April 28, 2017
U.S.	$	548	$	593
International		193		206
Total	$	741	$	799

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 26, 2018			January 27, 2017			January 26, 2018			January 27, 2017
Arrow Electronics, Inc.		22	%		22	%		23	%		21	%
Tech Data Corporation (previously presented as Avnet, Inc.)		19	%		20	%		19	%		20	%

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

January 26,

2018

April 28,

2017

Arrow Electronics, Inc.

Tech Data Corporation (previously presented as Avnet, Inc.)