v3.26.1
Segment and Geographic Information
 3 Months Ended
Jul. 03, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
Our Chief Operating Decision Maker (CODM) is our Chief Executive Officer, who manages and reviews financial information presented on an operating segment basis for the purpose of making decisions and assessing financial performance. The CODM assesses operating performance of each segment based on regularly provided segment revenue, segment operating income (loss) and margin, by comparing actual margin results to historical results and previously forecasted financial information. Operating results by segment include costs or expenses directly attributable to each segment, and costs or expenses that are leveraged across our portfolio and therefore allocated between our two segments. Our CODM reviews expenses on a consolidated basis and the expenses associated with our corporate investments.
Cyber Safety Platform includes our security, comprehensive suites, and privacy products, which deliver technology solutions and superior threat protection to help people navigate the digital world, securely, privately and with confidence. Trust-Based Solutions includes our identity, personal financial management, and financial marketplace products, which provide innovative solutions and insights that empower consumers to manage their identity, reputation and finances confidently.
The “Corporate” category includes expenses that are not allocated to either Cyber Safety Platform or Trust-Based Solutions for purposes of making operating decisions or assessing segment-level financial performance. The expenses include restructuring and other costs, acquisition and integration costs, litigation settlement charges, and amortization of intangible assets. Our operating segments are not evaluated using asset information. There are no intersegment transactions. The accounting policies for segment reporting are the same as for our consolidated financial statements.
The following table presents details of our reportable segments and the “Corporate” category:
(in millions)
Cyber Safety Platform
Trust-Based Solutions
Corporate
Consolidated
Three Months Ended July 3, 2026
Net Revenues
$846 $490 $— $1,336 
Other segment items (1)
327 341 — 668 
Operating income (loss)
$519 $149 $(225)$443 
Three Months Ended July 4, 2025
Net Revenues$869 $388 $— $1,257 
Other segment items (1)
339 268 — 607 
Operating income (loss)$530 $120 $(204)$446 
(1)    Other segment items for our Cyber Safety Platform and Trust-Based Solutions include product costs, infrastructure and facilities expense, and compensation and benefits excluding stock-based compensation and expenses identified in “Corporate”.
The table below presents the reconciling items included in “Corporate” category:
Three Months Ended
(In millions)July 3, 2026July 4, 2025
Amortization of intangible assets
$119 $119 
Stock-based compensation
54 66 
Unallocated cost of revenue and operating expenses
52 19 
Total
$225 $204 
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)July 3, 2026July 4, 2025
Americas$961 $879 
EMEA274 268 
APJ101 110 
Total net revenues
$1,336 $1,257 
Note: The Americas include U.S., Canada and Latin America; EMEA includes Europe, Middle East and Africa; APJ includes Asia Pacific and Japan.
Revenues from customers inside the U.S. were $907 million and $819 million during the three months ended July 3, 2026 and July 4, 2025, respectively. No other individual country accounted for more than 10% of revenues.
The table below represents cash, cash equivalents and restricted cash held in the U.S. and internationally in various foreign subsidiaries:
(In millions)July 3, 2026April 3, 2026
U.S.$258 $122 
International306 289 
Total cash, cash equivalents and restricted cash
$564 $411 
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)July 3, 2026April 3, 2026
U.S.$57 $59 
Other countries (1)
13 12 
Total property and equipment, net$70 $71 
(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 July 3, 2026 and July 4, 2025.
No individual e-commerce partner accounted for 10% or more of our total billed and unbilled accounts receivable, prior to allowance of doubtful accounts, as of July 3, 2026 and April 3, 2026.