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Segment and Geographic Information
 9 Months Ended
Dec. 30, 2022
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 and prioritize resources.
The following table summarizes net revenues for our major solutions:
Three Months EndedNine Months Ended
(In millions)December 30, 2022December 31, 2021December 30, 2022December 31, 2021
Consumer security revenues$590 $406 $1,428 $1,211 
Identity and information protection revenues323 284 915 835 
Total Cyber Safety revenues913 690 2,343 2,046 
Legacy revenues23 12 48 34 
Total net revenues (1)
$936 $702 $2,391 $2,080 
(1)     During the three months ended December 30, 2022, total net revenues include an unfavorable foreign exchange impact of $34 million, consisting of $33 million from our consumer security solutions and $1 million from our identity and information protection solutions. During the nine months ended December 30, 2022, total net revenues include an unfavorable foreign exchange impact of $92 million, consisting of $89 million from our consumer security solutions, $2 million from our identity and information protection solutions and $1 million from our legacy solutions.
From time to time, changes in our product hierarchy cause changes to the product categories above. When changes occur, we recast historical amounts to match the current product hierarchy. The changes have been reflected for all periods presented above. Consumer security includes revenues from our Norton 360 Security offerings, Norton Security, Avast Security offerings, Norton Secure VPN, Avira Security and other consumer security and device performance solutions through our direct, partner and small business channels. Identity and information protection includes revenues from our Norton 360 with LifeLock offerings, LifeLock identity theft protection and other information protection and privacy solutions. Legacy includes revenues from products or solutions that are no longer in operations in exited markets, have been discontinued or identified to be discontinued, or remain in maintenance mode as a result of integration and product portfolio decisions.
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 EndedNine Months Ended
(In millions)December 30, 2022December 31, 2021December 30, 2022December 31, 2021
Americas$622 $493 $1,659 $1,455 
EMEA220 128 479 380 
APJ94 81 253 245 
Total net revenues (1)
$936 $702 $2,391 $2,080 
Note: The Americas include U.S., Canada and Latin America; EMEA includes Europe, Middle East and Africa; APJ includes Asia Pacific and Japan.
(1)     During the three months ended December 30, 2022, total net revenues include an unfavorable foreign exchange impact of $34 million, consisting of $1 million from Americas, $21 million from EMEA and $12 million from APJ. During the nine months ended December 30, 2022, total net revenues include an unfavorable foreign exchange impact of $92 million, consisting of $1 million from Americas, $55 million from EMEA and $36 million from APJ.
Revenues from customers inside the U.S. were $537 million and $1,509 million during the three and nine months ended December 30, 2022, respectively, and $467 million and $1,383 million during the three and nine months ended December 31, 2021, 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)December 30, 2022April 1, 2022
U.S.$372 $1,220 
International440 671 
Total cash, cash equivalents and short-term investments$812 $1,891 
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)December 30, 2022April 1, 2022
U.S.$39 $16 
Ireland24 27 
Czech Republic20 — 
Germany13 13 
Other countries (1)
8 4 
Total property and equipment, net$104 $60 
(1)     No other individual country represented more than 10% of the respective totals.
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)December 30, 2022April 1, 2022
U.S.$28 $66 
Czech Republic12 — 
Other countries (1)
9 8 
Total operating lease assets$49 $74 
(1)     No other individual country represented more than 10% of the respective totals.
Significant customers and channel partners
No individual, end-user customer accounted for 10% or more of our net revenues during the nine months ended December 30, 2022 and December 31, 2021.
Distributors that accounted for over 10% of our total accounts receivable were as follows:
December 30, 2022April 1, 2022
Distributor A16 %23 %
Distributor B14 %N/A