XML 26 R9.htm IDEA: XBRL DOCUMENT
v3.20.2

REVENUE (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer | 3. REVENUE WESCO distributes products and provides services to customers globally within the following end markets: (1) industrial, (2) construction, (3) utility, and (4) commercial, institutional and government. Revenue is measured as the amount of consideration WESCO expects to receive in exchange for transferring goods or providing services. The following tables disaggregate WESCO’s revenue by end market and geography:
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 30 |  |  |  | June 30 |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Industrial | $ | 605,536 |  |  | $ | 761,934 |  |  | $ | 1,307,750 |  |  | $ | 1,498,825 |
Construction | 573,176 |  |  | 704,183 |  |  | 1,209,675 |  |  | 1,337,483 |
Utility | 370,315 |  |  | 346,941 |  |  | 711,260 |  |  | 655,213 |
Commercial, Institutional and Government | 315,822 |  |  | 337,030 |  |  | 604,811 |  |  | 619,834 |
Total by WESCO end market | 1,864,849 |  |  | 2,150,088 |  |  | 3,833,496 |  |  | 4,111,355 |
Anixter(1) | 221,857 |  |  | — |  |  | 221,857 |  |  | — |
Total consolidated | $ | 2,086,706 |  |  | $ | 2,150,088 |  |  | $ | 4,055,353 |  |  | $ | 4,111,355 |
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 30 |  |  |  | June 30 |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
United States | $ | 1,431,763 |  |  | $ | 1,616,347 |  |  | $ | 2,910,257 |  |  | $ | 3,077,263 |
Canada | 330,533 |  |  | 415,030 |  |  | 707,948 |  |  | 799,700 |
Other International | 102,553 |  |  | 118,711 |  |  | 215,291 |  |  | 234,392 |
Total by geography | 1,864,849 |  |  | 2,150,088 |  |  | 3,833,496 |  |  | 4,111,355 |
Anixter(1) (2) | 221,857 |  |  | — |  |  | 221,857 |  |  | — |
Total consolidated | $ | 2,086,706 |  |  | $ | 2,150,088 |  |  | $ | 4,055,353 |  |  | $ | 4,111,355 |
(1) The effect of the merger with Anixter on the Company's determination of reportable segments is disclosed in Note 14. (2) For the nine-day period from June 22, 2020 to June 30, 2020, approximately 78% of Anixter's sales were attributable to U.S. and Canadian operations. In accordance with certain contractual arrangements, WESCO receives payment from its customers in advance and recognizes such payment as deferred revenue. Revenue for advance payment is recognized when the performance obligation has been satisfied and control has transferred to the customer, which is generally upon shipment. Deferred revenue is usually recognized within a year or less from the date of the customer’s advance payment. At June 30, 2020 and December 31, 2019, $30.6 million and $12.3 million, respectively, of deferred revenue was recorded as a component of other current liabilities in the Condensed Consolidated Balance Sheets. WESCO’s revenues are adjusted for variable consideration, which includes customer volume rebates, returns, and discounts. WESCO measures variable consideration by estimating expected outcomes using analysis and inputs based upon anticipated performance, historical data, as well as current and forecasted information. Measurement and recognition of variable consideration is reviewed by management on a monthly basis and revenue is adjusted accordingly. Variable consideration reduced revenue for the three months ended June 30, 2020 and 2019 by approximately $31.7 million and $28.5 million, respectively, and by approximately $54.9 million and $53.8 million for the six months ended June 30, 2020 and 2019, respectively. Shipping and handling activities are recognized in net sales when they are billed to the customer. The related costs are recognized as a component of selling, general and administrative expenses. WESCO has elected to recognize shipping and handling costs as a fulfillment cost. Shipping and handling costs recorded as a component of selling, general and administrative expenses totaled $20.9 million and $18.2 million for the three months ended June 30, 2020 and 2019, respectively, and $38.9 million and $35.2 million for the six months ended June 30, 2020 and 2019, respectively.

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

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration