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Segment and Geographic Information
 12 Months Ended
Mar. 28, 2025
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 manages and reviews the business on a consolidated basis and uses consolidated net income (loss), as reported on our Consolidated Statements of Operations, as the primary measure of segment profit or loss to evaluate company performance and to allocate and prioritize resources during the planning and forecasting process. The measure of segment assets is reported on the Consolidated Balance Sheets as Total Assets.
The following table is a reconciliation of our measure of segment profit or loss, significant segment expenses and other segment items:
Year Ended
(In millions)March 28, 2025March 29, 2024March 31, 2023
Net revenues
$3,935 $3,800 $3,317 
Less significant expenses and other segment items:
Revenue share
109 106 95
E-Commerce fees
134 137 119
Product and cloud expense
156 146 131
Personnel expense
460 451 436
Marketing and affiliates expense
555 509 459
Support and outside service expense
98 110 123
Infrastructure and facilities expense (1)
125 132 140
Stock-based compensation
134 138 134
Amortization of intangible assets
401 462 308
Other segment items (2)
153 499 166
Interest expense
578 669 401 
Other expense (income), net (3)
3 (6)22 
Income tax expense (benefit)
386 (160)(551)
Net income (loss)
$643 $607 $1,334 
(1)     Infrastructure and facilities expense includes depreciation expense, which are disclosed in Note 7.
(2)    Other segment items included in segment net income (loss) includes restructuring and other costs, acquisition and integration costs, litigation settlement charges, and legal contract dispute costs.
(3)    Other expense (income), net, includes interest income, which is disclosed in Note 7.
Major solutions
The following table summarizes net revenues from our major solutions:
Year Ended
(In millions)March 28, 2025March 29, 2024March 31, 2023
Consumer security revenues$2,462 $2,409 $2,013 
Identity and information protection revenues1,423 1,328 1,239 
Total cyber safety revenues
3,885 3,737 3,252 
Legacy revenues50 63 65 
Total net revenues
$3,935 $3,800 $3,317 
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, 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, financial wellness 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 28, 2025March 29, 2024March 31, 2023
Americas$2,587 $2,484 $2,234 
EMEA953 917 718 
APJ395 399 365 
Total net revenues (1)
$3,935 $3,800 $3,317 
Note: The Americas include U.S., Canada, and Latin America; EMEA includes Europe, Middle East, and Africa; APJ includes Asia Pacific and Japan.
(1)    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 fiscal 2024 and 2023 where we aligned allocation methodologies across similar product categories.
Revenues from customers inside the U.S. were $2,358 million, $2,265 million, and $2,059 million during fiscal 2025, 2024 and 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)March 28, 2025March 29, 2024
U.S.$647 $467 
International359 379 
Total cash and cash equivalents
$1,006 $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)March 28, 2025March 29, 2024
U.S.$50 $47 
Germany— 12 
Other countries (1)
10 13 
Total property and equipment, net$60 $72 
(1)    No individual country represented more than 10% of the respective totals.
Significant customers and e-commerce partners
In fiscal 2025, 2024 and 2023, no individual end-user customer accounted for 10% or more of our net revenues. See Note 1 for e-commerce partners that accounted for over 10% of our total accounts receivable.