XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.1

Concentration of Risk and Segment Data | 6 Months Ended
--- | ---
Feb. 28, 2022
Segment Reporting [Abstract] |
Concentration of Risk and Segment Data | Concentration of Risk and Segment Data Concentration of Risk Sales of the Company’s products are concentrated among specific customers. During the six months ended February 28, 2022, the Company’s five largest customers accounted for approximately 47% of its net revenue and 78 customers accounted for approximately 90% of its net revenue. Sales to these customers were reported in the Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”) operating segments. The Company procures components from a broad group of suppliers. Some of the products manufactured by the Company require one or more components that are available from only a single source. Segment Data Net revenue for the operating segments is attributed to the segment in which the service is performed. An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net revenue less cost of revenue, segment selling, general and administrative expenses, segment research and development expenses and an allocation of corporate manufacturing expenses and selling, general and administrative expenses. Certain items are excluded from the calculation of segment income. Transactions between operating segments are generally recorded at amounts that approximate those at which we would transact with third parties.
The following table sets forth operating segment information (in millions):
| Three months ended |  | Six months ended
| February 28, 2022 |  | February 28, 2021 |  | February 28, 2022 |  | February 28, 2021
Segment income and reconciliation of income before income tax |  |  |  |  |  |  |
EMS | $ | 152 |  |  | $ | 98 |  |  | $ | 299 |  |  | $ | 220 |
DMS | 192 |  |  | 187 |  |  | 445 |  |  | 430 |
Total segment income | $ | 344 |  |  | $ | 285 |  |  | $ | 744 |  |  | $ | 650 |
Reconciling items: |  |  |  |  |  |  |
Amortization of intangibles | (8) |  |  | (12) |  |  | (16) |  |  | (23) |
Stock-based compensation expense and related charges | (16) |  |  | (23) |  |  | (51) |  |  | (57) |
Restructuring, severance and related charges | — |  |  | (6) |  |  | — |  |  | (5) |
Business interruption and impairment charges, net | — |  |  | 1 |  |  | — |  |  | 1 |
Acquisition and integration charges | — |  |  | (2) |  |  | — |  |  | (4) |
Other expense (net of periodic benefit cost) | (3) |  |  | (5) |  |  | (11) |  |  | (9) |
Interest income | — |  |  | 2 |  |  | 1 |  |  | 4 |
Interest expense | (33) |  |  | (31) |  |  | (66) |  |  | (63) |
Income before income tax | $ | 284 |  |  | $ | 209 |  |  | $ | 601 |  |  | $ | 494 |
The following table presents the Company’s revenues disaggregated by segment (in millions):
| Three months ended
| February 28, 2022 |  | February 28, 2021
| EMS |  | DMS |  | Total |  | EMS |  | DMS |  | Total
Timing of transfer |  |  |  |  |  |  |  |  |  |  |
Point in time | $ | 1,327 |  |  | $ | 1,418 |  |  | $ | 2,745 |  |  | $ | 819 |  |  | $ | 1,782 |  |  | $ | 2,601 |
Over time | 2,447 |  |  | 2,361 |  |  | 4,808 |  |  | 2,360 |  |  | 1,867 |  |  | 4,227 |
Total | $ | 3,774 |  |  | $ | 3,779 |  |  | $ | 7,553 |  |  | $ | 3,179 |  |  | $ | 3,649 |  |  | $ | 6,828 |
| Six months ended
| February 28, 2022 |  | February 28, 2021
| EMS |  | DMS |  | Total |  | EMS |  | DMS |  | Total
Timing of transfer |  |  |  |  |  |  |  |  |  |  |
Point in time | $ | 2,734 |  |  | $ | 3,788 |  |  | $ | 6,522 |  |  | $ | 1,876 |  |  | $ | 4,022 |  |  | $ | 5,898 |
Over time | 4,898 |  |  | 4,700 |  |  | 9,598 |  |  | 4,896 |  |  | 3,867 |  |  | 8,763 |
Total | $ | 7,632 |  |  | $ | 8,488 |  |  | $ | 16,120 |  |  | $ | 6,772 |  |  | $ | 7,889 |  |  | $ | 14,661 |
The Company operates in more than 30 countries worldwide. Sales to unaffiliated customers are based on the Company location that maintains the customer relationship and transacts the external sale. The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:
| Three months ended |  | Six months ended
| February 28, 2022 |  | February 28, 2021 |  | February 28, 2022 |  | February 28, 2021
Foreign source revenue | 83.5 | % |  | 84.7 | % |  | 84.2 | % |  | 84.1 | %

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration