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Segment and Geographic Information | 3 Months Ended
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Jun. 28, 2024
Segment Reporting [Abstract] |
Segment and Geographic Information | Segment and Geographic Information We operate as one reportable segment. Our Chief Operating Decision Maker is our Chief Executive Officer, who 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 Ended |  |
(In millions) | June 28, 2024 |  | June 30, 2023 |  |  |  |
Consumer security revenues | $ | 607 |  |  | $ | 597 |  |  |  |  |
Identity and information protection revenues | 344 |  |  | 329 |  |  |  |  |
Total cyber safety revenues | 951 |  |  | 926 |  |  |  |  |
Legacy revenues | 14 |  |  | 17 |  |  |  |  |
Total net revenues (1) | $ | 965 |  |  | $ | 943 |  |  |  |  |
(1) During the three months ended June 28, 2024, total net revenues include an unfavorable foreign exchange impact of $7 million from our consumer security solutions. Consumer security includes revenues from our Norton 360 Security offerings, Norton, Avast, AVG, and Avira Security and VPN offerings, 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 identity information protection and privacy solutions. Legacy includes revenues from products or solutions from markets that we have exited and in which we no longer operate, 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 Ended |  |
(In millions) | June 28, 2024 |  | June, 30, 2023 (2) |  |  |  |
Americas | $ | 636 |  |  | $ | 614 |  |  |  |  |
EMEA | 233 |  |  | 226 |  |  |  |  |
APJ | 96 |  |  | 103 |  |  |  |  |
Total net revenues (1) | $ | 965 |  |  | $ | 943 |  |  |  |  |
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 June 28, 2024, total net revenues include an unfavorable foreign exchange impact of $7 million primarily from APJ. (2) From time to time, changes in allocation methodologies cause changes to the revenue by geographic area above. When changes occur, we recast historical amounts to match the current methodology, such as for the three months ended June 30, 2023 where we aligned allocation methodologies across similar product categories. Revenues from customers inside the U.S. were $579 million and $558 million during the three months ended June 28, 2024 and June 30, 2023, respectively. No other individual country accounted for more than 10% of revenues. The table below represents cash and cash equivalents held in the U.S. and internationally in various foreign subsidiaries:
(In millions) | June 28, 2024 |  | March 29, 2024
U.S. | $ | 285 |  |  | $ | 467 |
International | 359 |  |  | 379 |
Total cash and cash equivalents | $ | 644 |  |  | $ | 846 |
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) | June 28, 2024 |  | March 29, 2024
U.S. | $ | 46 |  |  | $ | 47 |
Germany | 12 |  |  | 12 |
Other countries (1) | 11 |  |  | 13 |
Total property and equipment, net | $ | 69 |  |  | $ | 72 |
(1) No individual country represented more than 10% of the respective totals. Significant customers and e-commerce partners No individual, end-user customer accounted for 10% or more of our net revenues during the three months ended June 28, 2024 and June 30, 2023. E-commerce partners that accounted for over 10% of our total billed and unbilled accounts receivable were as follows:
| June 28, 2024 |  | March 29, 2024
E-commerce partner A | 13 | % |  | 13 | %
E-commerce partner B | 15 | % |  | 11 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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