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Segment, Geographic, and Significant Customer Information
 12 Months Ended
Apr. 30, 2021
Segment Reporting [Abstract]  
Segment, Geographic, and Significant Customer Information

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 30, 2021

 

 

April 24, 2020

 

 

April 26, 2019

 

United States, Canada and Latin America (Americas)

 

$

3,097

 

 

$

2,863

 

 

$

3,425

 

Europe, Middle East and Africa (EMEA)

 

 

1,775

 

 

 

1,742

 

 

 

1,847

 

Asia Pacific (APAC)

 

 

872

 

 

 

807

 

 

 

874

 

Net revenues

 

$

5,744

 

 

$

5,412

 

 

$

6,146

 

 

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $2,784 million, $2,584 million and $3,116 million during fiscal 2021, 2020 and 2019, 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 30, 2021

 

 

April 24, 2020

 

U.S.

 

$

2,098

 

 

$

385

 

International

 

 

2,498

 

 

 

2,497

 

Total

 

$

4,596

 

 

$

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):

 

 

 

April 30, 2021

 

 

April 24, 2020

 

U.S.

 

$

340

 

 

$

540

 

International

 

 

185

 

 

 

187

 

Total

 

$

525

 

 

$

727

 

 

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

 

 

 

Year Ended

 

 

 

April 30, 2021

 

 

April 24, 2020

 

 

April 26, 2019

 

Arrow Electronics, Inc.

 

 

24

%

 

 

25

%

 

 

24

%

Tech Data Corporation

 

 

20

%

 

 

21

%

 

 

20

%

 

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

 

 

 

April 30, 2021

 

 

April 24, 2020

 

Arrow Electronics, Inc.

 

 

10

%

 

 

13

%

Tech Data Corporation

 

 

21

%

 

 

19

%