XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.20.4

BUSINESS SEGMENTS | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
SEGMENTS AND RELATED INFORMATION | 17. BUSINESS SEGMENTS Prior to the completion of its merger with Anixter on June 22, 2020, as described in Note 6, "Acquisitions", WESCO had four operating segments that had been aggregated as one reportable segment. Effective on the date of acquisition, the Company added Anixter as a separate reportable segment for the quarterly period ended June 30, 2020. At the beginning of the third quarter, the Company identified new operating segments organized around three strategic business units consisting of EES, CSS and UBS. These operating segments are equivalent to the Company's reportable segments. The operating segments in the respective periods were determined in accordance with the manner in which WESCO's chief operating decision maker ("CODM") reviewed financial information during those periods. The Company's CODM evaluates the performance of its operating segments based primarily on net sales, income from operations, and total assets. The applicable comparative financial information reported in the Company's previously issued consolidated financial statements f or the years ended December 31, 2019 and 2018 has been recast below to conform to the basis of the new segments. The following is a description of each of the Company's reportable segments and their business activities. Electrical & Electronic Solutions The EES segment supplies a broad range of products and supply chain solutions primarily to the Construction, Industrial and Original Equipment Manufacturer ("OEM") markets. Product categories include a broad range of electrical equipment and supplies, wire and cable, lubricants, pipe, valves, fittings, fasteners, cutting tools, power transmission, and safety products. In addition, OEM customers require a reliable supply of assemblies and components to incorporate into their own products as well as value-added services such as supplier consolidation, design and technical support, just-in-time supply and electronic commerce, and supply chain management. EES includes the “Electrical and Electronic Solutions” business acquired from Anixter and the majority of the legacy WESCO industrial and construction businesses. Communications & Security Solutions The CSS segment supplies products and customized supply chain solutions to customers in a diverse range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare and retail. CSS sells these products directly to end users or through various channels including data communications contractors, security, network, professional audio/visual and systems integrators. CSS has a broad product portfolio that includes copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinets, power, cable management, wireless, professional audio/video, voice and networking switches and other ancillary products. CSS includes the “Network and Security Solutions” business acquired from Anixter and the legacy WESCO data communications and safety businesses. Utility & Broadband Solutions The UBS segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing for the power generation, power transmission and electricity distribution industries. The UBS segment combines the “Utility Power Solutions” business acquired from Anixter, the legacy WESCO utility business, the legacy WESCO broadband business and the legacy WESCO integrated supply business. Corporate expenses are incurred to obtain and coordinate financing, tax, information technology, legal and other related services. The Company also has various corporate assets which are reported in corporate. Segment assets may not include jointly used assets, but segment results include depreciation expense or other allocations related to those assets. Interest expense and other non-operating items are not allocated to the segments or reviewed on a segment basis. Corporate expenses and assets are shown in the tables below to reconcile the reportable segments to the consolidated financial statements. The following table sets forth financial information by reportable segment for the periods presented:
(In thousands) | Year Ended December 31, 2020
EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 5,479,760 |  |  | $ | 3,323,264 |  |  | $ | 3,522,971 |  |  | $ | — |  |  | $ | 12,325,995 |
Income from operations | 260,207 |  |  | 217,163 |  |  | 231,702 |  |  | (362,034) |  |  | 347,038 |
Depreciation and amortization | 35,811 |  |  | 37,765 |  |  | 22,380 |  |  | 25,644 |  |  | 121,600 |
Capital expenditures | 7,081 |  |  | 1,495 |  |  | 12,834 |  |  | 35,261 |  |  | 56,671 |
| Year Ended December 31, 2019
(In thousands) | EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 4,860,541 |  |  | $ | 909,496 |  |  | $ | 2,588,880 |  |  | $ | — |  |  | $ | 8,358,917 |
Income from operations | 261,788 |  |  | 43,835 |  |  | 184,931 |  |  | (144,337) |  |  | 346,217 |
Depreciation and amortization | 28,569 |  |  | 7,155 |  |  | 13,583 |  |  | 12,800 |  |  | 62,107 |
Capital expenditures | 20,405 |  |  | 3,093 |  |  | 6,460 |  |  | 14,109 |  |  | 44,067 |
| Year Ended December 31, 2018
(In thousands) | EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 4,878,836 |  |  | $ | 857,481 |  |  | $ | 2,440,284 |  |  | $ | — |  |  | $ | 8,176,601 |
Income from operations | 289,065 |  |  | 34,592 |  |  | 165,149 |  |  | (136,366) |  |  | 352,440 |
Depreciation and amortization | 30,198 |  |  | 7,413 |  |  | 13,447 |  |  | 11,939 |  |  | 62,997 |
Capital expenditures | 7,487 |  |  | 129 |  |  | 2,235 |  |  | 26,359 |  |  | 36,210 |
The following table sets forth total assets by reportable segment for the periods presented:
| As of
| December 31, 2020
(In thousands) | EES |  | CSS |  | UBS |  | Corporate(1) |  | Total
Total assets | $ | 3,726,855 |  |  | $ | 4,275,611 |  |  | $ | 2,947,406 |  |  | $ | 930,342 |  |  | $ | 11,880,214 |
| As of
| December 31, 2019
(In thousands) | EES |  | CSS |  | UBS |  | Corporate(1) |  | Total
Total assets | $ | 2,523,481 |  |  | $ | 610,046 |  |  | $ | 1,747,809 |  |  | $ | 136,299 |  |  | $ | 5,017,635 |
(1)Total assets for Corporate primarily consist of cash and cash equivalents, deferred income taxes, fixed assets and right-of-use assets associated with operating leases. The following table sets forth tangible long-lived assets by geographic area:
| As of December 31,
| 2020 |  | 2019
(In thousands) |  |  |
United States | $ | 693,807 |  |  | $ | 315,288 |
Canada | 146,620 |  |  | 95,642 |
Other International(1) | 93,435 |  |  | 6,352 |
Total | $ | 933,862 |  |  | $ | 417,282 |
(1) No individual other international country's tangible long-lived assets are material.

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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration