XML 46 R29.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Information and Major Customers
 12 Months Ended
Jul. 29, 2023
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 2023, 2022, and 2021, based on our internal management system and as utilized by our Chief Operating Decision Maker (CODM), is as follows (in millions):
Years EndedJuly 29, 2023July 30, 2022July 31, 2021
Revenue:
Americas$33,447 $29,814 $29,161 
EMEA15,135 13,715 12,951 
APJC8,417 8,027 7,706 
Total$56,998 $51,557 $49,818 
Gross margin:
Americas$21,350 $19,117 $19,499 
EMEA10,016 8,969 8,466 
APJC5,424 5,241 4,949 
Segment total36,788 33,326 32,914 
Unallocated corporate items(1,035)(1,078)(1,020)
Total$35,753 $32,248 $31,894 
Amounts may not sum due to rounding.
Revenue in the United States was $29.9 billion, $26.7 billion, and $26.1 billion for fiscal 2023, 2022, and 2021, respectively.
(b)Revenue for Groups of Similar Products and Services
We design 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 EndedJuly 29, 2023July 30, 2022July 31, 2021
Revenue:
Secure, Agile Networks$29,105 $23,831 $22,725 
Internet for the Future5,306 5,276 4,511 
Collaboration4,052 4,472 4,727 
End-to-End Security3,859 3,699 3,382 
Optimized Application Experiences811 729 654 
Other Products9 11 15 
Total Product43,142 38,018 36,014 
Services13,856 13,539 13,804 
Total$56,998 $51,557 $49,818 
Amounts may not sum due to rounding. We have made certain reclassifications to the amounts for prior fiscal years to conform to the current fiscal year's presentation.
(c)Additional Segment Information
No single customer accounted for 10% or more of revenue in fiscal 2023, 2022, and 2021.
The majority of our assets as of July 29, 2023 and July 30, 2022 were attributable to our U.S. operations. 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 29, 2023July 30, 2022July 31, 2021
Long-lived assets:
United States$2,113 $2,004 $2,189 
International943 997 1,244 
Total$3,056 $3,001 $3,433