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Debt | 9 Months Ended
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Sep. 29, 2012
Debt Disclosure [Abstract] |
Debt [Text Block] | Debt Short-term borrowings, including current portion of long-term debt, consists of the following:
| September 29, 2012 |  | December 31, 2011
6.875% senior notes, due 2013 | $ | 337,022 |  |  | $ | — |
Short-term borrowings in various countries | 42,448 |  |  | 33,843 |
| $ | 379,470 |  |  | $ | 33,843 |
Short-term borrowings in various countries are primarily utilized to support the working capital requirements of certain international operations. The weighted average interest rate on these borrowings at September 29, 2012 and December 31, 2011 was 3.6% for both periods. Long-term debt consists of the following:
|  | September 29, 2012 |  | December 31, 2011
Revolving credit facility |  | $ | 94,000 |  |  | $ | 74,000 |
Asset securitization program |  | 235,000 |  |  | 280,000 |
6.875% senior notes, due 2013 |  | — |  |  | 341,937 |
3.375% notes, due 2015 |  | 258,414 |  |  | 260,461 |
6.875% senior debentures, due 2018 |  | 198,817 |  |  | 198,660 |
6.00% notes, due 2020 |  | 299,934 |  |  | 299,927 |
5.125% notes, due 2021 |  | 249,337 |  |  | 249,278 |
7.5% senior debentures, due 2027 |  | 197,995 |  |  | 197,890 |
Other obligations with various interest rates and due dates |  | 28,479 |  |  | 25,670 |
|  | $ | 1,561,976 |  |  | $ | 1,927,823 |
The 7.5% senior debentures are not redeemable prior to their maturity. The 6.875% senior notes, 3.375% notes, 6.875% senior debentures, 6.00% notes, and 5.125% notes may be called at the option of the company subject to "make whole" clauses. The estimated fair market value, using quoted market prices, is as follows:
|  | September 29, 2012 |  | December 31, 2011
6.875% senior notes, due 2013 |  | $ | 345,400 |  |  | $ | 352,000 |
3.375% notes, due 2015 |  | 260,000 |  |  | 250,000 |
6.875% senior debentures, due 2018 |  | 236,000 |  |  | 216,000 |
6.00% notes, due 2020 |  | 342,000 |  |  | 315,000 |
5.125% notes, due 2021 |  | 272,500 |  |  | 247,500 |
7.5% senior debentures, due 2027 |  | 242,000 |  |  | 244,000 |
The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, and other obligations approximate their fair value. The company has a $1,200,000 revolving credit facility, maturing in August 2016. This facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions, and as support for the company's commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or a euro currency rate plus a spread based on the company's credit ratings (1.275% at September 29, 2012). The facility fee related to the revolving credit facility is .225%. The company had outstanding borrowings under the revolving credit facility of $94,000 and $74,000 at September 29, 2012 and December 31, 2011, respectively. The company has a $775,000 asset securitization program collateralized by accounts receivable of certain of its United States subsidiaries, maturing in December 2014. The asset securitization program is conducted through Arrow Electronics Funding Corporation ("AFC"), a wholly-owned, bankruptcy remote subsidiary. The asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company's consolidated balance sheets. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread, which is based on the company's credit ratings (.40% at September 29, 2012). The facility fee is .40%. At September 29, 2012 and December 31, 2011, the company had $235,000 and $280,000, respectively, in outstanding borrowings under the asset securitization program, which was included in "Long-term debt" in the company's consolidated balance sheets, and total collateralized accounts receivable of approximately $1,461,734 and $1,562,613, respectively, were held by AFC and were included in "Accounts receivable, net" in the company's consolidated balance sheets. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings before repayment of any outstanding borrowings under the asset securitization program. Both the revolving credit facility and asset securitization program include terms and conditions that limit the incurrence of additional borrowings, limit the company's ability to pay cash dividends or repurchase stock, and require that certain financial ratios be maintained at designated leve ls. The company was in compliance with all covenants as of September 29, 2012 and is currently not aware of any events that would cause non-compliance with any covenants in the future. Interest and other financing expense, net, includes interest and dividend income of $3,392 and $4,627 for the third quarter and first nine months of 2012 and $2,224 and $5,003 for the third quarter and first nine months of 2011, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 + Details
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