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GOODWILL (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2020

Goodwill [Line Items]

Schedule of Goodwill [Table Text Block]


			Six Months Ended
			June 30
			2020
			WESCO⁽¹⁾						Anixter⁽²⁾						Total
			(In thousands)
Beginning balance January 1			$	1,759,040					$	—					$	1,759,040
Adjustments to goodwill for acquisitions (Note 4)			5,817						1,367,981						1,373,798
Foreign currency exchange rate changes			(26,511)						929						(25,582)
Ending balance June 30			$	1,738,346					$	1,368,910					$	3,107,256

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:


For year ending December 31,			(In thousands)
2020			$	53,892
2021			99,853
2022			96,049
2023			94,739
2024			91,352
Thereafter			828,099

Schedule of Finite-Lived Intangible Assets

The components of intangible assets are as follows:


						June 30, 2020																														December 31, 2019
(In thousands)						Gross Carrying Amount ⁽¹⁾						Accumulated Amortization ⁽¹⁾						Net Carrying Amount						Gross Carrying Amount ⁽¹⁾						Accumulated Amortization ⁽¹⁾						Net Carrying Amount
Intangible assets:			Life
Trademarks			Indefinite			$	831,496					$	—					$	831,496					$	98,699					$	—					$	98,699
Trademarks			10 - 15			24,800						(10,350)						14,450						24,800						(9,319)						15,481
Non-compete agreements			2 - 5			4,196						(66)						4,130						196						(180)						16
Customer relationships			10 - 20			1,442,235						(210,147)						1,232,088						358,341						(201,962)						156,379
Distribution agreements			10 - 19			37,371						(26,266)						11,105						37,371						(25,294)						12,077
Patents			10			48,310						(46,099)						2,211						48,310						(43,687)						4,623
						$	2,388,408					$	(292,928)					$	2,095,480					$	567,717					$	(280,442)					$	287,275