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v3.20.4

Reportable Business Segments and International Operations (Tables) | 12 Months Ended
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Dec. 31, 2020
Reportable Business Segments and International Operations |
Schedule of segment reporting information by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interconnect Products | ​ | Cable Products | ​ | ​ | ​ | ​ |
​ | ​ | and Assemblies | ​ | and Solutions | ​ | Corporate / Other (1) | ​ | Total Consolidated |
​ |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |
Net sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External | ​ | $ | 8,229.9 | ​ | $ | 7,840.3 | ​ | $ | 7,781.9 | ​ | $ | 369.0 | ​ | $ | 385.1 | ​ | $ | 420.1 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 8,598.9 | ​ | $ | 8,225.4 | ​ | $ | 8,202.0 | ​
Intersegment | ​ |  | 58.5 | ​ |  | 35.3 | ​ |  | 12.8 | ​ | ​ | 38.2 | ​ |  | 51.6 | ​ |  | 34.0 | ​ | ​ | — | ​ |  | — | ​ |  | — | ​ |  | 96.7 | ​ | ​ | 86.9 | ​ | ​ | 46.8 | ​
Depreciation and amortization | ​ | ​ | 297.1 | ​ | ​ | 300.1 | ​ | ​ | 287.2 | ​ | ​ | 4.3 | ​ | ​ | 6.4 | ​ | ​ | 6.6 | ​ | ​ | 6.7 | ​ |  | 5.6 | ​ |  | 5.9 | ​ | ​ | 308.1 | ​ | ​ | 312.1 | ​ | ​ | 299.7 | ​
Capital expenditures | ​ |  | 272.1 | ​ |  | 289.6 | ​ |  | 305.0 | ​ |  | 3.7 | ​ |  | 4.1 | ​ |  | 5.2 | ​ | ​ | 1.0 | ​ |  | 1.3 | ​ |  | 0.4 | ​ |  | 276.8 | ​ | ​ | 295.0 | ​ | ​ | 310.6 | ​
Segment operating income | ​ | ​ | 1,741.2 | ​ | ​ | 1,722.7 | ​ | ​ | 1,752.5 | ​ | ​ | 35.4 | ​ |  | 39.5 | ​ |  | 52.6 | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 1,776.6 | ​ | ​ | 1,762.2 | ​ | ​ | 1,805.1 | ​
Segment assets (excluding goodwill) | ​ |  | 6,672.8 | ​ |  | 5,666.4 | ​ |  | 5,678.6 | ​ | ​ | 214.2 | ​ |  | 209.2 | ​ |  | 208.1 | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 6,887.0 | ​ | ​ | 5,875.6 | ​ | ​ | 5,886.7 | ​
(1) | Corporate / Other is not a reportable business segment, but has been included above for purposes of reconciling between segment data and total consolidated data. The reconciliation of segment operating income and segment assets (excluding goodwill) to consolidated results is included in the tables below.
Schedule of the reconciliation of segment operating income to consolidated income before income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 | ​ | 2019 | ​ | 2018 | ​
Segment operating income | ​ | $ | 1,776.6 | ​ | $ | 1,762.2 | ​ | $ | 1,805.1 | ​
Stock-based compensation expense | ​ |  | (70.5) | ​ |  | (63.0) | ​ |  | (55.6) | ​
Acquisition-related expenses | ​ |  | (11.5) | ​ |  | (25.4) | ​ |  | (8.5) | ​
Other operating expenses | ​ |  | (56.2) | ​ |  | (54.6) | ​ |  | (54.1) | ​
Interest expense | ​ |  | (115.4) | ​ |  | (117.6) | ​ |  | (101.7) | ​
Loss on early extinguishment of debt | ​ | ​ | — | ​ | ​ | (14.3) | ​ | ​ | — | ​
Other income, net | ​ |  | 3.6 | ​ |  | 8.6 | ​ |  | 3.2 | ​
Income before income taxes | ​ | $ | 1,526.6 | ​ | $ | 1,495.9 | ​ | $ | 1,588.4 | ​
Schedule of the reconciliation of segment assets to consolidated total assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |
Segment assets, excluding goodwill | ​ | $ | 6,887.0 | ​ | $ | 5,875.6 | ​
Goodwill | ​ |  | 5,032.1 | ​ |  | 4,867.1 | ​
Other assets | ​ |  | 408.2 | ​ |  | 72.8 | ​
Consolidated total assets | ​ | $ | 12,327.3 | ​ | $ | 10,815.5 | ​
Schedule of revenues and long-lived assets by geographical area | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 2,494.0 | ​ | $ | 2,524.7 | ​ | $ | 2,241.4
China | ​ |  | 2,597.5 | ​ |  | 2,306.4 | ​ |  | 2,594.0
Other foreign locations | ​ |  | 3,507.4 | ​ |  | 3,394.3 | ​ |  | 3,366.6
Total | ​ | $ | 8,598.9 | ​ | $ | 8,225.4 | ​ | $ | 8,202.0
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Long-lived assets(1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 352.7 | ​ | $ | 355.0 | ​ | $ | 225.1
China | ​ |  | 399.6 | ​ |  | 343.1 | ​ |  | 273.8
Other foreign locations | ​ |  | 526.7 | ​ |  | 497.6 | ​ |  | 376.9
Total | ​ | $ | 1,279.0 | ​ | $ | 1,195.7 | ​ | $ | 875.8
| (1) | Long-lived assets in this table are comprised of property, plant and equipment, net, for all years presented. In addition, for 2020 and 2019, operating lease right-of-use assets are also included, as a result of the Company’s adoption of Topic 842 effective January 1, 2019. Refer to Note 1 and Note 10 herein for further details on the impact of Topic 842. |
Schedule of disaggregation of net sales | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interconnect Products | ​ | Cable Products | ​ | Total Reportable
​ | ​ | and Assemblies | ​ | and Solutions | ​ | Business Segments
Year ended December 31, | ​ | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
Net sales by: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales channel: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End customers and contract manufacturers | ​ | $ | 6,934.1 |  | $ | 6,684.0 |  | $ | 6,667.9 |  | $ | 310.6 |  | $ | 301.4 |  | $ | 322.3 |  | $ | 7,244.7 |  | $ | 6,985.4 |  | $ | 6,990.2
Distributors and resellers | ​ |  | 1,295.8 | ​ |  | 1,156.3 | ​ |  | 1,114.0 | ​ |  | 58.4 | ​ |  | 83.7 | ​ |  | 97.8 | ​ |  | 1,354.2 | ​ |  | 1,240.0 | ​ |  | 1,211.8
​ | ​ | $ | 8,229.9 | ​ | $ | 7,840.3 | ​ | $ | 7,781.9 | ​ | $ | 369.0 | ​ | $ | 385.1 | ​ | $ | 420.1 | ​ | $ | 8,598.9 | ​ | $ | 8,225.4 | ​ | $ | 8,202.0
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 2,282.6 |  | $ | 2,323.5 |  | $ | 2,038.0 |  | $ | 211.4 |  | $ | 201.2 |  | $ | 203.4 |  | $ | 2,494.0 |  | $ | 2,524.7 |  | $ | 2,241.4
China | ​ |  | 2,590.3 | ​ |  | 2,300.6 | ​ |  | 2,589.9 | ​ |  | 7.2 | ​ |  | 5.8 | ​ |  | 4.1 | ​ |  | 2,597.5 | ​ |  | 2,306.4 | ​ |  | 2,594.0
Other foreign locations | ​ |  | 3,357.0 | ​ |  | 3,216.2 | ​ |  | 3,154.0 | ​ |  | 150.4 | ​ |  | 178.1 | ​ |  | 212.6 | ​ |  | 3,507.4 | ​ |  | 3,394.3 | ​ |  | 3,366.6
​ | ​ | $ | 8,229.9 | ​ | $ | 7,840.3 | ​ | $ | 7,781.9 | ​ | $ | 369.0 | ​ | $ | 385.1 | ​ | $ | 420.1 | ​ | $ | 8,598.9 | ​ | $ | 8,225.4 | ​ | $ | 8,202.0

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