Segment and Geographic Information

12 Months Ended

Apr. 03, 2020

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

Prior to the Broadcom sale, we operated in two reportable segments: Enterprise Security and Consumer Cyber Safety. The Enterprise Security segment focused on providing our Integrated Cyber Defense solutions to help business and government customers unify cloud and on-premises security to deliver a more effective cyber defense solution, while driving down cost and complexity. The Consumer Cyber Safety segment focused on providing cyber safety solutions under our NortonLifeLock brand to help consumers protect their devices, online privacy, identities, and home networks. As a result of the divestiture, we now have 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 change has been reflected in our segment reporting for all periods presented.

Disaggregated net revenues

The following table summarizes net revenues for our major solutions:

	Year Ended
(In millions)	April 3, 2020		March 29, 2019		March 30, 2018
Consumer security	$	1,474	$	1,471	$	1,504
Identity and information protection	970		937		776
WSS and PKI	—		—		238
ID Analytics	46		48		41
Total net revenues	$	2,490	$	2,456	$	2,559

Consumer security products include Norton security, Norton Secure VPN, and other consumer security solutions. Identity and information protection products include LifeLock identity theft protection and other information protection solutions. WSS and PKI solutions were divested on October 31, 2017. Our ID Analytics solutions were divested on January 31, 2020.

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:

	Year Ended
(In millions)	April 3, 2020		March 29, 2019		March 30, 2018
Americas	$	1,831	$	1,786	$	1,749
EMEA	376		392		470
APJ	283		278		340
Total net revenues	$	2,490	$	2,456	$	2,559

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 $1,747 million, $1,700 million, and $1,647 million during fiscal 2020, 2019, and 2018, 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)	April 3, 2020		March 29, 2019
U.S.	$	1,345	$	1,544
International	918		499
Total cash, cash equivalents and short-term investments	$	2,263	$	2,043

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)	April 3, 2020		March 29, 2019
U.S.	$	174	$	568
Ireland	34		41
Other countries (1)	30		54
Total property and equipment, net	$	238	$	663

(1) No 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 were as follows:

(In millions)	April 3, 2020
U.S.	$	40
India	11
Japan	10
Other countries (1)	27
Total operating lease assets	$	88

(1) No individual country represented more than 10% of the respective totals.

Significant customers

In fiscal 2020, 2019, and 2018, no customer accounted for 10% or more of our net revenues. See Note 1 for customers that accounted for over 10% of our net accounts receivable.