XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s segment information reflects the way the chief operating decision maker uses internal reporting to evaluate business performance, allocate resources and manage operations. The Company has three reportable segments: Corporate, which is comprised primarily of US private sector business customers with more than 250 employees, Small Business, which primarily serves US private sector business customers with up to 250 employees, and Public, which is comprised of government agencies and education and healthcare institutions in the US. The Company has two other operating segments: CDW UK and CDW Canada, both of which do not meet the reportable segment quantitative thresholds and, accordingly, are included in an all other category (“Other”). The Company has centralized logistics and headquarters functions that provide services to the segments. The logistics function includes purchasing, distribution and fulfillment services to support the Corporate, Small Business and Public segments. As a result, costs and intercompany charges associated with the logistics function are fully allocated to all of these segments based on a percent of Net sales. The centralized headquarters function provides services in areas such as accounting, information technology, marketing, legal and coworker services. Headquarters function costs that are not allocated to the segments are included under the heading of “Headquarters” in the tables below. Information about the Company’s segments is as follows:
|  | Corporate |  | Small Business |  | Public |  | Other |  | Headquarters |  | Total
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 2,577.8 |  |  | $ | 491.2 |  |  | $ | 2,424.3 |  |  | $ | 722.2 |  |  | $ | — |  |  | $ | 6,215.5 |
Operating income (loss) |  | 203.3 |  |  | 47.0 |  |  | 234.0 |  |  | 32.3 |  |  | (50.2) |  |  | 466.4 |
Depreciation and amortization expense |  | (30.8) |  |  | (3.1) |  |  | (11.9) |  |  | (7.7) |  |  | (22.1) |  |  | (75.6) |
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 2,067.3 |  |  | $ | 467.1 |  |  | $ | 2,153.9 |  |  | $ | 611.7 |  |  | $ | — |  |  | $ | 5,300.0 |
Operating income (loss) |  | 186.0 |  |  | 41.4 |  |  | 178.7 |  |  | 21.9 |  |  | (41.6) |  |  | 386.4 |
Depreciation and amortization expense |  | (4.1) |  |  | (0.9) |  |  | (16.9) |  |  | (8.5) |  |  | (17.8) |  |  | (48.2) |
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,866.1 |  |  | $ | 1,515.2 |  |  | $ | 6,700.3 |  |  | $ | 2,228.8 |  |  | $ | — |  |  | $ | 18,310.4 |
Operating income (loss) |  | 644.5 |  |  | 140.7 |  |  | 553.0 |  |  | 96.8 |  |  | (146.4) |  |  | 1,288.6 |
Depreciation and amortization expense |  | (79.4) |  |  | (6.4) |  |  | (44.7) |  |  | (24.2) |  |  | (63.4) |  |  | (218.1) |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 5,856.2 |  |  | $ | 1,382.7 |  |  | $ | 6,156.3 |  |  | $ | 1,888.7 |  |  | $ | — |  |  | $ | 15,283.9 |
Operating income (loss) |  | 522.6 |  |  | 128.2 |  |  | 468.7 |  |  | 73.3 |  |  | (113.1) |  |  | 1,079.7 |
Depreciation and amortization expense |  | (11.9) |  |  | (2.5) |  |  | (46.4) |  |  | (25.7) |  |  | (53.5) |  |  | (140.0) |
Geographic Areas and Revenue Mix
| Three Months Ended September 30, 2022
| Corporate |  | Small Business |  | Public |  | Other |  | Total
Geography(1) |  |  |  |  |  |  |  |  |
United States | $ | 2,570.8 |  |  | $ | 491.2 |  |  | $ | 2,424.3 |  |  | $ | 5.6 |  |  | $ | 5,491.9 |
Rest of World | 7.0 |  |  | — |  |  | — |  |  | 716.6 |  |  | 723.6 |
Total Net sales | 2,577.8 |  |  | 491.2 |  |  | 2,424.3 |  |  | 722.2 |  |  | 6,215.5 |
Major Product and Services |  |  |  |  |  |  |  |  |
Hardware | 1,958.1 |  |  | 399.5 |  |  | 1,921.4 |  |  | 533.7 |  |  | 4,812.7 |
Software | 355.1 |  |  | 62.4 |  |  | 346.8 |  |  | 119.9 |  |  | 884.2 |
Services | 245.8 |  |  | 24.0 |  |  | 151.1 |  |  | 66.0 |  |  | 486.9 |
Other(2) | 18.8 |  |  | 5.3 |  |  | 5.0 |  |  | 2.6 |  |  | 31.7 |
Total Net sales | 2,577.8 |  |  | 491.2 |  |  | 2,424.3 |  |  | 722.2 |  |  | 6,215.5 |
Sales by Channel |  |  |  |  |  |  |  |  |
Corporate | 2,577.8 |  |  | — |  |  | — |  |  | — |  |  | 2,577.8 |
Small Business | — |  |  | 491.2 |  |  | — |  |  | — |  |  | 491.2 |
Government | — |  |  | — |  |  | 788.4 |  |  | — |  |  | 788.4 |
Education | — |  |  | — |  |  | 1,021.1 |  |  | — |  |  | 1,021.1 |
Healthcare | — |  |  | — |  |  | 614.8 |  |  | — |  |  | 614.8 |
Other | — |  |  | — |  |  | — |  |  | 722.2 |  |  | 722.2 |
Total Net sales | 2,577.8 |  |  | 491.2 |  |  | 2,424.3 |  |  | 722.2 |  |  | 6,215.5 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |
Transferred at a point in time where CDW is principal | 2,216.3 |  |  | 438.4 |  |  | 2,189.4 |  |  | 641.2 |  |  | 5,485.3 |
Transferred at a point in time where CDW is agent | 194.3 |  |  | 36.3 |  |  | 129.5 |  |  | 22.2 |  |  | 382.3 |
Transferred over time where CDW is principal | 167.2 |  |  | 16.5 |  |  | 105.4 |  |  | 58.8 |  |  | 347.9 |
Total Net sales | $ | 2,577.8 |  |  | $ | 491.2 |  |  | $ | 2,424.3 |  |  | $ | 722.2 |  |  | $ | 6,215.5 |
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
| Three Months Ended September 30, 2021
| Corporate |  | Small Business |  | Public |  | Other |  | Total
Geography(1) |  |  |  |  |  |  |  |  |
United States | $ | 2,064.6 |  |  | $ | 467.1 |  |  | $ | 2,153.9 |  |  | $ | 5.4 |  |  | $ | 4,691.0 |
Rest of World | 2.7 |  |  | — |  |  | — |  |  | 606.3 |  |  | 609.0 |
Total Net sales | 2,067.3 |  |  | 467.1 |  |  | 2,153.9 |  |  | 611.7 |  |  | 5,300.0 |
Major Product and Services |  |  |  |  |  |  |  |  |
Hardware | 1,641.2 |  |  | 400.7 |  |  | 1,747.3 |  |  | 474.5 |  |  | 4,263.7 |
Software | 279.3 |  |  | 50.2 |  |  | 312.9 |  |  | 75.3 |  |  | 717.7 |
Services | 128.5 |  |  | 10.4 |  |  | 89.2 |  |  | 58.8 |  |  | 286.9 |
Other(2) | 18.3 |  |  | 5.8 |  |  | 4.5 |  |  | 3.1 |  |  | 31.7 |
Total Net sales | 2,067.3 |  |  | 467.1 |  |  | 2,153.9 |  |  | 611.7 |  |  | 5,300.0 |
Sales by Channel |  |  |  |  |  |  |  |  |
Corporate | 2,067.3 |  |  | — |  |  | — |  |  | — |  |  | 2,067.3 |
Small Business | — |  |  | 467.1 |  |  | — |  |  | — |  |  | 467.1 |
Government | — |  |  | — |  |  | 568.8 |  |  | — |  |  | 568.8 |
Education | — |  |  | — |  |  | 1,103.6 |  |  | — |  |  | 1,103.6 |
Healthcare | — |  |  | — |  |  | 481.5 |  |  | — |  |  | 481.5 |
Other | — |  |  | — |  |  | — |  |  | 611.7 |  |  | 611.7 |
Total Net sales | 2,067.3 |  |  | 467.1 |  |  | 2,153.9 |  |  | 611.7 |  |  | 5,300.0 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |
Transferred at a point in time where CDW is principal | 1,851.0 |  |  | 434.6 |  |  | 1,984.8 |  |  | 542.6 |  |  | 4,813.0 |
Transferred at a point in time where CDW is agent | 135.6 |  |  | 27.8 |  |  | 109.1 |  |  | 16.3 |  |  | 288.8 |
Transferred over time where CDW is principal | 80.7 |  |  | 4.7 |  |  | 60.0 |  |  | 52.8 |  |  | 198.2 |
Total Net sales | $ | 2,067.3 |  |  | $ | 467.1 |  |  | $ | 2,153.9 |  |  | $ | 611.7 |  |  | $ | 5,300.0 |
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
| Nine Months Ended September 30, 2022
| Corporate |  | Small Business |  | Public |  | Other |  | Total
Geography(1) |  |  |  |  |  |  |  |  |
United States | $ | 7,843.0 |  |  | $ | 1,515.2 |  |  | $ | 6,700.3 |  |  | $ | 14.3 |  |  | $ | 16,072.8 |
Rest of World | 23.1 |  |  | — |  |  | — |  |  | 2,214.5 |  |  | 2,237.6 |
Total Net sales | 7,866.1 |  |  | 1,515.2 |  |  | 6,700.3 |  |  | 2,228.8 |  |  | 18,310.4 |
Major Product and Services |  |  |  |  |  |  |  |  |
Hardware | 5,931.0 |  |  | 1,262.7 |  |  | 5,364.8 |  |  | 1,658.2 |  |  | 14,216.7 |
Software | 1,177.9 |  |  | 177.2 |  |  | 888.8 |  |  | 359.7 |  |  | 2,603.6 |
Services | 700.0 |  |  | 58.9 |  |  | 432.6 |  |  | 202.5 |  |  | 1,394.0 |
Other(2) | 57.2 |  |  | 16.4 |  |  | 14.1 |  |  | 8.4 |  |  | 96.1 |
Total Net sales | 7,866.1 |  |  | 1,515.2 |  |  | 6,700.3 |  |  | 2,228.8 |  |  | 18,310.4 |
Sales by Channel |  |  |  |  |  |  |  |  |
Corporate | 7,866.1 |  |  | — |  |  | — |  |  | — |  |  | 7,866.1 |
Small Business | — |  |  | 1,515.2 |  |  | — |  |  | — |  |  | 1,515.2 |
Government | — |  |  | — |  |  | 1,941.8 |  |  | — |  |  | 1,941.8 |
Education | — |  |  | — |  |  | 2,965.2 |  |  | — |  |  | 2,965.2 |
Healthcare | — |  |  | — |  |  | 1,793.3 |  |  | — |  |  | 1,793.3 |
Other | — |  |  | — |  |  | — |  |  | 2,228.8 |  |  | 2,228.8 |
Total Net sales | 7,866.1 |  |  | 1,515.2 |  |  | 6,700.3 |  |  | 2,228.8 |  |  | 18,310.4 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |
Transferred at a point in time where CDW is principal | 6,833.4 |  |  | 1,374.6 |  |  | 6,062.1 |  |  | 1,980.9 |  |  | 16,251.0 |
Transferred at a point in time where CDW is agent | 547.2 |  |  | 104.0 |  |  | 329.3 |  |  | 71.0 |  |  | 1,051.5 |
Transferred over time where CDW is principal | 485.5 |  |  | 36.6 |  |  | 308.9 |  |  | 176.9 |  |  | 1,007.9 |
Total Net sales | $ | 7,866.1 |  |  | $ | 1,515.2 |  |  | $ | 6,700.3 |  |  | $ | 2,228.8 |  |  | $ | 18,310.4 |
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
| Nine Months Ended September 30, 2021
| Corporate |  | Small Business |  | Public |  | Other |  | Total
Geography(1) |  |  |  |  |  |  |  |  |
United States | $ | 5,844.3 |  |  | $ | 1,382.7 |  |  | $ | 6,156.3 |  |  | $ | 14.7 |  |  | $ | 13,398.0 |
Rest of World | 11.9 |  |  | — |  |  | — |  |  | 1,874.0 |  |  | 1,885.9 |
Total Net sales | 5,856.2 |  |  | 1,382.7 |  |  | 6,156.3 |  |  | 1,888.7 |  |  | 15,283.9 |
Major Product and Services |  |  |  |  |  |  |  |  |
Hardware | 4,648.6 |  |  | 1,185.3 |  |  | 5,180.5 |  |  | 1,445.9 |  |  | 12,460.3 |
Software | 813.9 |  |  | 148.7 |  |  | 745.4 |  |  | 251.2 |  |  | 1,959.2 |
Services | 342.0 |  |  | 31.9 |  |  | 217.2 |  |  | 181.3 |  |  | 772.4 |
Other(2) | 51.7 |  |  | 16.8 |  |  | 13.2 |  |  | 10.3 |  |  | 92.0 |
Total Net sales | 5,856.2 |  |  | 1,382.7 |  |  | 6,156.3 |  |  | 1,888.7 |  |  | 15,283.9 |
Sales by Channel |  |  |  |  |  |  |  |  |
Corporate | 5,856.2 |  |  | — |  |  | — |  |  | — |  |  | 5,856.2 |
Small Business | — |  |  | 1,382.7 |  |  | — |  |  | — |  |  | 1,382.7 |
Government | — |  |  | — |  |  | 1,598.3 |  |  | — |  |  | 1,598.3 |
Education | — |  |  | — |  |  | 3,159.0 |  |  | — |  |  | 3,159.0 |
Healthcare | — |  |  | — |  |  | 1,399.0 |  |  | — |  |  | 1,399.0 |
Other | — |  |  | — |  |  | — |  |  | 1,888.7 |  |  | 1,888.7 |
Total Net sales | 5,856.2 |  |  | 1,382.7 |  |  | 6,156.3 |  |  | 1,888.7 |  |  | 15,283.9 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |
Transferred at a point in time where CDW is principal | 5,267.9 |  |  | 1,288.2 |  |  | 5,764.2 |  |  | 1,670.4 |  |  | 13,990.7 |
Transferred at a point in time where CDW is agent | 368.6 |  |  | 80.6 |  |  | 252.2 |  |  | 59.5 |  |  | 760.9 |
Transferred over time where CDW is principal | 219.7 |  |  | 13.9 |  |  | 139.9 |  |  | 158.8 |  |  | 532.3 |
Total Net sales | $ | 5,856.2 |  |  | $ | 1,382.7 |  |  | $ | 6,156.3 |  |  | $ | 1,888.7 |  |  | $ | 15,283.9 |
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
The following tables present Net sales by major category for the three and nine months ended September 30, 2022 and 2021. Categories are based upon internal classifications.
| Three Months Ended September 30,
| 2022 |  | 2021
| Net Sales |  | Percentage of Total Net Sales |  | Net Sales |  | Percentage of Total Net Sales
Notebooks/Mobile Devices | $ | 1,592.6 |  |  | 25.6 | % |  | $ | 1,641.6 |  |  | 31.0 | %
Netcomm Products | 721.0 |  |  | 11.6 |  |  | 501.7 |  |  | 9.5 |
Desktops | 333.9 |  |  | 5.4 |  |  | 316.1 |  |  | 6.0 |
Video | 441.4 |  |  | 7.1 |  |  | 424.0 |  |  | 8.0 |
Enterprise and Data Storage (Including Drives) | 376.9 |  |  | 6.1 |  |  | 228.1 |  |  | 4.3 |
Other Hardware | 1,346.9 |  |  | 21.7 |  |  | 1,152.2 |  |  | 21.7 |
Total Hardware(1) | 4,812.7 |  |  | 77.5 |  |  | 4,263.7 |  |  | 80.5 |
Software(2) | 884.2 |  |  | 14.2 |  |  | 717.7 |  |  | 13.5 |
Services(2) | 486.9 |  |  | 7.8 |  |  | 286.9 |  |  | 5.4 |
Other(3) | 31.7 |  |  | 0.5 |  |  | 31.7 |  |  | 0.6 |
Total Net sales | $ | 6,215.5 |  |  | 100.0 | % |  | $ | 5,300.0 |  |  | 100.0 | %
| Nine Months Ended September 30,
| 2022 |  | 2021
| Net Sales |  | Percentage of Total Net Sales |  | Net Sales |  | Percentage of Total Net Sales
Notebooks/Mobile Devices | $ | 5,070.0 |  |  | 27.7 | % |  | $ | 4,944.3 |  |  | 32.3 | %
Netcomm Products | 1,912.6 |  |  | 10.4 |  |  | 1,442.2 |  |  | 9.4 |
Desktops | 1,021.5 |  |  | 5.6 |  |  | 873.5 |  |  | 5.7 |
Video | 1,453.9 |  |  | 7.9 |  |  | 1,161.7 |  |  | 7.6 |
Enterprise and Data Storage (Including Drives) | 1,053.9 |  |  | 5.8 |  |  | 730.2 |  |  | 4.8 |
Other Hardware | 3,704.8 |  |  | 20.2 |  |  | 3,308.4 |  |  | 21.6 |
Total Hardware | 14,216.7 |  |  | 77.6 |  |  | 12,460.3 |  |  | 81.4 |
Software(2) | 2,603.6 |  |  | 14.2 |  |  | 1,959.2 |  |  | 12.8 |
Services(2) | 1,394.0 |  |  | 7.6 |  |  | 772.4 |  |  | 5.1 |
Other(3) | 96.1 |  |  | 0.6 |  |  | 92.0 |  |  | 0.7 |
Total Net sales | $ | 18,310.4 |  |  | 100.0 | % |  | $ | 15,283.9 |  |  | 100.0 | %
(1)Net sales by hardware category for the three months ended September 30, 2022 include reclassifications to address consistent presentation on a year-to-date basis. (2)Certain software and services revenues are recorded on a net basis as the Company is acting as an agent in the transaction. As a result, the category percentage of net revenues is not representative of the category percentage of gross profits. (3)Includes items such as delivery charges to customers.

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://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