Segment Information and Major Customers

12 Months Ended

Jul. 25, 2020

Segment Reporting [Abstract]

Segment Information and Major Customers

Segment Information and Major Customers

(a) Revenue and Gross Margin by Segment

We conduct business globally and are primarily managed on a geographic basis consisting of three segments: the Americas, EMEA, and APJC. Our management makes financial decisions and allocates resources based on the information it receives from our internal management system. Sales are attributed to a segment based on the ordering location of the customer. We do not allocate research and development, sales and marketing, or general and administrative expenses to our segments in this internal management system because management does not include the information in our measurement of the performance of the operating segments. In addition, we do not allocate amortization and impairment of acquisition-related intangible assets, share-based compensation expense, significant litigation settlements and other contingencies, charges related to asset impairments and restructurings, and certain other charges to the gross margin for each segment because management does not include this information in our measurement of the performance of the operating segments.

Summarized financial information by segment for fiscal 2020, 2019, and 2018, based on our internal management system and as utilized by our Chief Operating Decision Maker (CODM), is as follows (in millions):

Years Ended	July 25, 2020			July 27, 2019			July 28, 2018
Revenue:
Americas	$	29,291		$	30,927		$	29,070
EMEA	12,659			13,100			12,425
APJC	7,352			7,877			7,834
Total	$	49,301		$	51,904		$	49,330
Gross margin:
Americas	$	19,547		$	20,338		$	18,792
EMEA	8,304			8,457			7,945
APJC	4,688			4,683			4,726
Segment total	32,538			33,479			31,463
Unallocated corporate items	(855		)	(813		)	(857		)
Total	$	31,683		$	32,666		$	30,606

Amounts may not sum due to rounding.

Revenue in the United States was $26.1 billion, $27.4 billion, and $25.5 billion for fiscal 2020, 2019, and 2018, respectively.

(b) Revenue for Groups of Similar Products and Services

We design, manufacture, and sell IP-based networking and other products related to the communications and IT industry and provide services associated with these products and their use.

The following table presents revenue for groups of similar products and services (in millions):

Years Ended	July 25, 2020		July 27, 2019		July 28, 2018
Revenue:
Infrastructure Platforms	$	27,122	$	30,099	$	28,286
Applications	5,568		5,803		5,036
Security	3,154		2,821		2,388
Other Products	135		281		999
Total Product	35,978		39,005		36,709
Services	13,323		12,899		12,621
Total (1)	$	49,301	$	51,904	$	49,330

⁽¹⁾ Includes SPVSS business revenue of $168 million and $903 million for fiscal 2019 and 2018, respectively.

Amounts may not sum due to rounding. We have made certain reclassifications to the product revenue amounts for prior years to conform to the current year’s presentation.

(c) Additional Segment Information

The majority of our assets as of July 25, 2020 and July 27, 2019 were attributable to our U.S. operations. In fiscal 2020, 2019, and 2018, no single customer accounted for 10% or more of revenue.

Our long-lived assets are based on the physical location of the assets. The following table presents our long-lived assets, which consists of property and equipment, net and operating lease right-of-use assets information for geographic areas (in millions):

	July 25, 2020		July 27, 2019		July 28, 2018
Long-lived assets:
United States	$	2,328	$	2,266	$	2,487
International	1,046		523		519
Total	$	3,374	$	2,789	$	3,006