Table:
|  |  | Year ended |  |
| --- | --- | --- | --- |
|  | December 31, 2019 | December 31, 2018 | December 31, 2017 |
| Net revenues by geographical region of shipment(1) |  |  |  |
| EMEA | 2,265 | 2,478 | 2,142 |
| Americas | 1,351 | 1,264 | 1,085 |
| Asia Pacific | 5,940 | 5,922 | 5,120 |
| Total revenues | 9,556 | 9,664 | 8,347 |
| Net revenues by nature |  |  |  |
| Revenues from sale of products | 9,381 | 9,461 | 8,175 |
| Revenues from sale of services | 148 | 151 | 133 |
| Other revenues | 27 | 52 | 39 |
| Total revenues | 9,556 | 9,664 | 8,347 |
| Net revenues by market channel(2) |  |  |  |
| Original Equipment Manufacturers (“OEM”) | 6,720 | 6,325 | 5,549 |
| Distribution | 2,836 | 3,339 | 2,798 |
| Total revenues | 9,556 | 9,664 | 8,347 |
Paragraphs:
The Company’s consolidated net revenues disaggregated by product group are presented in Note 19. The following tables present the Company’s consolidated net revenues disaggregated by geographical region of
shipment and nature.
(1) Net revenues by geographical region of shipment are classified by location of customer invoiced or reclassified by shipment destination in line with customer demand. For example, products ordered by U.S.-based companies to be invoiced to Asia Pacific affiliates are classified as Asia Pacific revenues.
(2) Original Equipment Manufacturers (“OEM”) are the end-customers to which the Company provides direct marketing application engineering support, while Distribution customers refers to the distributors and representatives that the Company engages to distribute its products around the world.
As of January 1, 2018, the Company adopted the converged guidance on revenue from contract with customers with no material impact on the Company’s recognition practices as substantially similar performance conditions exist under the new guidance and past practice.
The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed.
Question:
When does the Company does not disclose the value of unsatisfied performance obligations?
Answer: (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed.