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v3.24.1.u1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information about the Company’s segments is as follows:
| Corporate |  | Small Business |  | Public |  | Other |  | Headquarters |  | Total
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,135.9 |  |  | $ | 380.9 |  |  | $ | 1,724.7 |  |  | $ | 631.2 |  |  | $ | — |  |  | $ | 4,872.7 |
Operating income (loss) | 178.0 |  |  | 46.5 |  |  | 126.0 |  |  | 25.3 |  |  | (47.8) |  |  | 328.0 |
Depreciation and amortization expense | (19.8) |  |  | (1.0) |  |  | (13.4) |  |  | (7.1) |  |  | (26.0) |  |  | (67.3) |
Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,203.7 |  |  | $ | 411.4 |  |  | $ | 1,812.8 |  |  | $ | 675.2 |  |  | $ | — |  |  | $ | 5,103.1 |
Operating income (loss) | 193.3 |  |  | 41.5 |  |  | 127.5 |  |  | 36.5 |  |  | (43.5) |  |  | 355.3 |
Depreciation and amortization expense | (22.8) |  |  | (1.3) |  |  | (16.2) |  |  | (7.8) |  |  | (22.6) |  |  | (70.7) |
Schedule of Disaggregation of Revenue | Geographic Areas and Revenue Mix
| Three Months Ended March 31, 2024
| Corporate |  | Small Business |  | Public |  | Other |  | Total
Geography(1) |  |  |  |  |  |  |  |  |
United States | $ | 2,115.9 |  |  | $ | 376.0 |  |  | $ | 1,722.8 |  |  | $ | 5.9 |  |  | $ | 4,220.6 |
Rest of World | 20.0 |  |  | 4.9 |  |  | 1.9 |  |  | 625.3 |  |  | 652.1 |
Total Net sales | $ | 2,135.9 |  |  | $ | 380.9 |  |  | $ | 1,724.7 |  |  | $ | 631.2 |  |  | $ | 4,872.7 |
Major Product and Services |  |  |  |  |  |  |  |  |
Hardware | $ | 1,465.6 |  |  | $ | 300.0 |  |  | $ | 1,316.4 |  |  | $ | 464.1 |  |  | $ | 3,546.1 |
Software | 437.5 |  |  | 59.9 |  |  | 276.9 |  |  | 100.1 |  |  | 874.4 |
Services | 218.0 |  |  | 16.6 |  |  | 127.0 |  |  | 64.2 |  |  | 425.8 |
Other(2) | 14.8 |  |  | 4.4 |  |  | 4.4 |  |  | 2.8 |  |  | 26.4 |
Total Net sales | $ | 2,135.9 |  |  | $ | 380.9 |  |  | $ | 1,724.7 |  |  | $ | 631.2 |  |  | $ | 4,872.7 |
Sales by Channel |  |  |  |  |  |  |  |  |
Corporate | $ | 2,135.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,135.9 |
Small Business | — |  |  | 380.9 |  |  | — |  |  | — |  |  | 380.9 |
Government | — |  |  | — |  |  | 543.3 |  |  | — |  |  | 543.3 |
Education | — |  |  | — |  |  | 596.8 |  |  | — |  |  | 596.8 |
Healthcare | — |  |  | — |  |  | 584.6 |  |  | — |  |  | 584.6 |
Other | — |  |  | — |  |  | — |  |  | 631.2 |  |  | 631.2 |
Total Net sales | $ | 2,135.9 |  |  | $ | 380.9 |  |  | $ | 1,724.7 |  |  | $ | 631.2 |  |  | $ | 4,872.7 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |
Transferred at a point in time where CDW is principal | $ | 1,779.3 |  |  | $ | 331.7 |  |  | $ | 1,515.7 |  |  | $ | 542.1 |  |  | $ | 4,168.8 |
Transferred at a point in time where CDW is agent | 194.8 |  |  | 39.1 |  |  | 108.2 |  |  | 31.2 |  |  | 373.3 |
Transferred over time where CDW is principal | 161.8 |  |  | 10.1 |  |  | 100.8 |  |  | 57.9 |  |  | 330.6 |
Total Net sales | $ | 2,135.9 |  |  | $ | 380.9 |  |  | $ | 1,724.7 |  |  | $ | 631.2 |  |  | $ | 4,872.7 |
(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 March 31, 2023
| Corporate |  | Small Business |  | Public |  | Other |  | Total
Geography(1) |  |  |  |  |  |  |  |  |
United States | $ | 2,199.2 |  |  | $ | 409.6 |  |  | $ | 1,812.6 |  |  | $ | 8.5 |  |  | $ | 4,429.9 |
Rest of World | 4.5 |  |  | 1.8 |  |  | 0.2 |  |  | 666.7 |  |  | 673.2 |
Total Net sales | $ | 2,203.7 |  |  | $ | 411.4 |  |  | $ | 1,812.8 |  |  | $ | 675.2 |  |  | $ | 5,103.1 |
Major Product and Services |  |  |  |  |  |  |  |  |
Hardware | $ | 1,519.4 |  |  | $ | 334.7 |  |  | $ | 1,362.5 |  |  | $ | 471.6 |  |  | $ | 3,688.2 |
Software | 453.0 |  |  | 56.2 |  |  | 301.5 |  |  | 134.0 |  |  | 944.7 |
Services | 215.5 |  |  | 15.7 |  |  | 144.4 |  |  | 66.5 |  |  | 442.1 |
Other(2) | 15.8 |  |  | 4.8 |  |  | 4.4 |  |  | 3.1 |  |  | 28.1 |
Total Net sales | $ | 2,203.7 |  |  | $ | 411.4 |  |  | $ | 1,812.8 |  |  | $ | 675.2 |  |  | $ | 5,103.1 |
Sales by Channel |  |  |  |  |  |  |  |  |
Corporate | $ | 2,203.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,203.7 |
Small Business | — |  |  | 411.4 |  |  | — |  |  | — |  |  | 411.4 |
Government | — |  |  | — |  |  | 551.5 |  |  | — |  |  | 551.5 |
Education | — |  |  | — |  |  | 665.7 |  |  | — |  |  | 665.7 |
Healthcare | — |  |  | — |  |  | 595.6 |  |  | — |  |  | 595.6 |
Other | — |  |  | — |  |  | — |  |  | 675.2 |  |  | 675.2 |
Total Net sales | $ | 2,203.7 |  |  | $ | 411.4 |  |  | $ | 1,812.8 |  |  | $ | 675.2 |  |  | $ | 5,103.1 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |
Transferred at a point in time where CDW is principal | $ | 1,861.4 |  |  | $ | 365.3 |  |  | $ | 1,608.6 |  |  | $ | 590.5 |  |  | $ | 4,425.8 |
Transferred at a point in time where CDW is agent | 185.4 |  |  | 36.8 |  |  | 101.5 |  |  | 28.4 |  |  | 352.1 |
Transferred over time where CDW is principal | 156.9 |  |  | 9.3 |  |  | 102.7 |  |  | 56.3 |  |  | 325.2 |
Total Net sales | $ | 2,203.7 |  |  | $ | 411.4 |  |  | $ | 1,812.8 |  |  | $ | 675.2 |  |  | $ | 5,103.1 |
(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 months ended March 31, 2024 and 2023. Categories are based upon internal classifications.
| Three Months Ended March 31,
| 2024 |  | 2023
| Net Sales |  | Percentage of Total Net Sales |  | Net Sales |  | Percentage of Total Net Sales
Hardware: |  |  |  |  |  |  |
Notebooks/Mobile Devices | $ | 1,141.3 |  |  | 23.4 | % |  | $ | 1,064.6 |  |  | 20.9 | %
Netcomm Products | 569.9 |  |  | 11.7 |  |  | 744.5 |  |  | 14.6 |
Collaboration | 415.3 |  |  | 8.5 |  |  | 476.0 |  |  | 9.3 |
Data Storage and Servers | 540.6 |  |  | 11.1 |  |  | 541.9 |  |  | 10.6 |
Desktops | 258.4 |  |  | 5.3 |  |  | 257.9 |  |  | 5.1 |
Other Hardware | 620.6 |  |  | 12.8 |  |  | 603.3 |  |  | 11.8 |
Total Hardware | 3,546.1 |  |  | 72.8 |  |  | 3,688.2 |  |  | 72.3 |
Software(1) | 874.4 |  |  | 17.9 |  |  | 944.7 |  |  | 18.5 |
Services(1) | 425.8 |  |  | 8.7 |  |  | 442.1 |  |  | 8.7 |
Other(2) | 26.4 |  |  | 0.6 |  |  | 28.1 |  |  | 0.5 |
Total Net sales | $ | 4,872.7 |  |  | 100.0 | % |  | $ | 5,103.1 |  |  | 100.0 | %
(1)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. (2)Includes items such as delivery charges to customers.

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