XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Segment and Geographic Information
6 Months Ended
Oct. 01, 2021
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
We operate as one reportable segment. Our Chief Operating Decision Maker reviews financial information presented on a consolidated basis to evaluate company performance and to allocate resources.
The following table summarizes net revenues for our major solutions:
Three Months EndedSix Months Ended
(In millions)October 1, 2021October 2, 2020October 1, 2021October 2, 2020
Consumer security$415 $370 $827 $733 
Identity and information protection277 256 551 507 
Total net revenues$692 $626 $1,378 $1,240 
Consumer security products include our Norton 360 Security offerings, Norton Security, Norton Secure VPN, Avira Security, and other consumer security solutions. Identity and information protection products include our Norton 360 with LifeLock offerings, LifeLock identity theft protection and other information protection solutions.
Geographic information
Net revenues by geography are based on the billing addresses of our customers. The following table represents net revenues by geographic area for the periods presented:
Three Months EndedSix Months Ended
(In millions)October 1, 2021October 2, 2020October 1, 2021October 2, 2020
Americas$485 $450 $962 $898 
EMEA125 98 252 194 
APJ82 78 164 148 
Total net revenues$692 $626 $1,378 $1,240 
Note: The Americas include U.S., Canada and Latin America; EMEA includes Europe, Middle East and Africa; APJ includes Asia Pacific and Japan.
Revenues from customers inside the U.S. were $460 million and $916 million during the three and six months ended October 1, 2021, respectively, and $428 million and $855 million during the three and six months ended October 2, 2020, respectively. No other individual country accounted for more than 10% of revenues.
The table below represents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries.
(In millions)October 1, 2021April 2, 2021
U.S.$1,003 $536 
International538 415 
Total cash, cash equivalents and short-term investments$1,541 $951 
The table below represents our property and equipment, net of accumulated depreciation and amortization, by geographic area, based on the physical location of the asset, at the end of each period presented.
(In millions)October 1, 2021April 2, 2021
U.S.$20 $28 
Ireland30 32 
Germany14 14 
Other countries
Total property and equipment, net$67 $78 
Our operating lease assets by geographic area, based on the physical location of the asset, at the end of each period presented, are as follows:
(In millions)October 1, 2021April 2, 2021
U.S.$84 $55 
India
Other countries (1)
12 
Total operating lease assets$93 $76 
(1) No other individual country represented more than 10% of the respective totals.
Significant customers
No customer accounted for 10% or more of our net revenues during the six months ended October 1, 2021 and October 2, 2020. Customers that accounted for over 10% of our net accounts receivable were as follows:
October 1, 2021April 2, 2021
Customer A47 %46 %
Customer B13 %N/A