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Segment and Geographic Information
 12 Months Ended
Mar. 31, 2023
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)March 31, 2023April 1, 2022April 2, 2021
Consumer security revenues$2,029 $1,623 $1,504 
Identity and information protection revenues1,244 1,127 1,038 
Total Cyber Safety revenues3,273 2,750 2,542 
Legacy revenues65 46 9 
Total net revenues (1)
$3,338 $2,796 $2,551 
(1)     During the year ended March 31, 2023, total net revenues include an unfavorable foreign exchange impact of $113 million, consisting of $108 million from our consumer security solutions, $3 million from our identity and information protection solutions and $2 million from our legacy solutions.
From time to time, changes in our product hierarchy cause changes to the product categories above. When changes occur, we recast historical amounts to match the current product hierarchy. The changes have been reflected for all periods presented above. Consumer security includes revenues from our Norton 360 Security offerings, Norton Security, Avast Security offerings, Norton Secure VPN, Avira Security 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 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:
Year Ended
(In millions)March 31, 2023April 1, 2022April 2, 2021
Americas$2,282 $1,963 $1,827 
EMEA704 506 419 
APJ352 327 305 
Total net revenues (1)
$3,338 $2,796 $2,551 
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 year ended March 31, 2023, total net revenues include an unfavorable foreign exchange impact of $113 million, consisting of $2 million from Americas, $68 million from EMEA and $43 million from APJ.
Revenues from customers inside the U.S. were $2,106 million, $1,860 million, and $1,742 million during fiscal 2023, 2022 and 2021, 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)March 31, 2023April 1, 2022
U.S.$178 $1,220 
International572 671 
Total cash, cash equivalents and short-term investments$750 $1,891 
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)March 31, 2023April 1, 2022
U.S.$38 $16 
Ireland— 27 
Czech Republic16 — 
Germany13 13 
Other countries (1)
9 4 
Total property and equipment, net$76 $60 
(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)March 31, 2023April 1, 2022
U.S.$25 $66 
Czech Republic12 — 
Other countries (1)
6 8 
Total operating lease assets$43 $74 
(1)No individual country represented more than 10% of the respective totals.
Significant customers and channel partners
In fiscal 2023, 2022 and 2021, no individual end-user customer accounted for 10% or more of our net revenues. See Note 1 for distributors that accounted for over 10% of our total accounts receivable.