Segment Information

3 Months Ended

Jul. 03, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The three reporting segments, which are the same as our operating segments, are as follows:

• Consumer Security:Our Consumer Security segment focuses on making it simple for customers to be productive and protected at home and at work. Our Norton-branded services provide multi-layer security and identity protection on major desktop and mobile operating systems, to defend against increasingly complex online threats to individuals, families, and small businesses.

• Enterprise Security:Our Enterprise Security segment protects organizations so they can securely conduct business while leveraging new platforms and data. Our Enterprise Security segment includes our threat protection products, information protection products, trust services, and cyber security services.

• Information Management:Our Information Management segment focuses on backup and recovery, archiving and eDiscovery, storage and high availability solutions, helping to ensure that our customers’ IT infrastructure and mission-critical applications are protected, managed and available. For additional information about the planned divestiture of our information management business see Note 11.

There were no intersegment sales for the periods presented. The following table summarizes the operating results of our reporting segments:

	Consumer Security		Enterprise Security		Information Management		Total Segments
	(Dollars in millions)
Three Months Ended July 3, 2015
Net revenue	$	430	$	482	$	587	$	1,499
Operating income	245		30		135		410
Three Months Ended July 4, 2014
Net revenue	$	533	$	552	$	650	$	1,735
Operating income	268		70		89		427

Operating segments are based upon the nature of the business and how the business is managed. Our Chief Operating Decision Maker, which is comprised of our Chief Executive Officer and Chief Financial Officer, uses this financial information to evaluate the performance of, and to assign resources to, each of the operating segments. We do not allocate to the operating segments certain operating expenses which we manage separately at the corporate level. These unallocated costs consist of stock-based compensation expense, amortization of intangible assets and restructuring, separation, and transition charges.

The following table provides a reconciliation of the total of the reportable segments’ operating income to the consolidated operating income:

	Three Months Ended
	July 3, 2015		July 4, 2014
	(Dollars in millions)
Total segment operating income	$	410	$	427
Less reconciling items:
Stock-based compensation	53		43
Amortization of intangibles	32		42
Restructuring, separation, and transition	124		20
Total consolidated operating income	$	201	$	322