Segments

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segments

Note 11. Segments

The Company operates in one reportable segment. The Company's chief executive officer, who is the chief operating decision maker, reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance, accompanied by disaggregated information about net revenues by customer solution, customer vertical, and geographic region as presented below.

The following table presents net revenues by customer solution (in millions):

	Years Ended December 31,
	2023		2022		2021
Customer Solutions:
Automated WAN Solutions	$	1,839.3	$	1,865.3	$	1,665.0
Cloud-Ready Data Center	744.7		878.9		727.1
AI-Driven Enterprise	1,391.8		1,026.2		830.4
Hardware Maintenance and Professional Services	1,588.7		1,530.8		1,512.9
Total	$	5,564.5	$	5,301.2	$	4,735.4

The following table presents net revenues by customer vertical (in millions):

	Years Ended December 31,
	2023		2022		2021
Cloud	$	1,162.8	$	1,393.6	$	1,228.0
Service Provider	1,842.5		1,891.2		1,839.1
Enterprise	2,559.2		2,016.4		1,668.3
Total	$	5,564.5	$	5,301.2	$	4,735.4

The Company attributes revenues to geographic region based on the customer’s shipping address. The following table presents net revenues by geographic region (in millions):

	Years Ended December 31,
	2023		2022		2021
Americas:
United States	$	3,066.5	$	2,931.6	$	2,426.9
Other	266.8		225.2		222.2
Total Americas	3,333.3		3,156.8		2,649.1
Europe, Middle East, and Africa	1,405.7		1,370.0		1,314.5
Asia Pacific	825.5		774.4		771.8
Total	$	5,564.5	$	5,301.2	$	4,735.4

During the years ended December 31, 2023, 2022, and 2021, no customer accounted for greater than 10% of the Company's net revenues.

The following table presents geographic information for property and equipment, net (in millions).

	As of December 31,
	2023		2022
United States	$	597.0	$	579.3
International	92.9		87.5
Property and equipment, net	$	689.9	$	666.8

The Company tracks assets by physical location. The majority of the Company’s assets, excluding cash and cash equivalents and investments, as of December 31, 2023 and December 31, 2022, were attributable to U.S. operations.