Segment and Geographic Information

12 Months Ended

Apr. 01, 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 resources.

The following table summarizes net revenues for our major solutions:

	Year Ended
(In millions)	April 1, 2022		April 2, 2021		April 3, 2020
Consumer security	$	1,669	$	1,513	$	1,450
Identity and information protection	1,127		1,038		994
ID Analytics	—		—		46
Total net revenues	$	2,796	$	2,551	$	2,490

Consumer security products include our Norton 360 Security offerings, Norton Security, Norton Secure VPN, Avira Security and other consumer security solutions. Identity and information protection products include our Norton 360 with LifeLock offerings, LifeLock identity theft protection and other information protection solutions. 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 1, 2022		April 2, 2021		April 3, 2020
Americas	$	1,963	$	1,827	$	1,831
EMEA	506		419		376
APJ	327		305		283
Total net revenues	$	2,796	$	2,551	$	2,490

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 $1,860 million, $1,742 million, and $1,747 million during fiscal 2022, 2021 and 2020, 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 1, 2022		April 2, 2021
U.S.	$	1,220	$	536
International	671		415
Total cash, cash equivalents and short-term investments	$	1,891	$	951

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 1, 2022		April 2, 2021
U.S.	$	16	$	28
Ireland	27		32
Germany	13		14
Other countries (1)	4		4
Total property and equipment, net	$	60	$	78

(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 1, 2022		April 2, 2021
U.S.	$	66	$	55
India	5		9
Other countries (1)	3		12
Total operating lease assets	$	74	$	76

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

Significant customers

In fiscal 2022, 2021 and 2020, 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.