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Segment and Geographic Information
 3 Months Ended
Jun. 28, 2024
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
We operate as one reportable segment. Our Chief Operating Decision Maker is our Chief Executive Officer, who reviews financial information presented on a consolidated basis to evaluate company performance and to allocate and prioritize resources.
The following table summarizes net revenues for our major solutions:
Three Months Ended
(In millions)June 28, 2024June 30, 2023
Consumer security revenues$607 $597 
Identity and information protection revenues344 329 
Total cyber safety revenues
951 926 
Legacy revenues14 17 
Total net revenues (1)
$965 $943 
(1)     During the three months ended June 28, 2024, total net revenues include an unfavorable foreign exchange impact of $7 million from our consumer security solutions.
Consumer security includes revenues from our Norton 360 Security offerings, Norton, Avast, AVG, and Avira Security and VPN offerings, 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 identity 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:
Three Months Ended
(In millions)June 28, 2024
June, 30, 2023 (2)
Americas$636 $614 
EMEA233 226 
APJ96 103 
Total net revenues (1)
$965 $943 
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 three months ended June 28, 2024, total net revenues include an unfavorable foreign exchange impact of $7 million primarily from APJ.
(2)    From time to time, changes in allocation methodologies cause changes to the revenue by geographic area above. When changes occur, we recast historical amounts to match the current methodology, such as for the three months ended June 30, 2023 where we aligned allocation methodologies across similar product categories.
Revenues from customers inside the U.S. were $579 million and $558 million during the three months ended June 28, 2024 and June 30, 2023, respectively. No other individual country accounted for more than 10% of revenues.
The table below represents cash and cash equivalents held in the U.S. and internationally in various foreign subsidiaries:
(In millions)June 28, 2024March 29, 2024
U.S.$285 $467 
International359 379 
Total cash and cash equivalents
$644 $846 
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)June 28, 2024March 29, 2024
U.S.$46 $47 
Germany12 12 
Other countries (1)
11 13 
Total property and equipment, net$69 $72 
(1)     No individual country represented more than 10% of the respective totals.
Significant customers and e-commerce partners
No individual, end-user customer accounted for 10% or more of our net revenues during the three months ended June 28, 2024 and June 30, 2023.
E-commerce partners that accounted for over 10% of our total billed and unbilled accounts receivable were as follows:
June 28, 2024March 29, 2024
E-commerce partner A
13 %13 %
E-commerce partner B
15 %11 %