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Debt | 9 Months Ended
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Sep. 28, 2013
Debt Disclosure [Abstract] |
Debt [Text Block] | Debt Short-term borrowings, including current portion of long-term debt, consists of the following:
| September 28, 2013 |  | December 31, 2012
6.875% senior notes, due 2013 | $ | — |  |  | $ | 335,384 |
Short-term borrowings in various countries | 30,969 |  |  | 28,973 |
| $ | 30,969 |  |  | $ | 364,357 |
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 28, 2013 and December 31, 2012 were 3.6% and 4.2%, respectively. Long-term debt consists of the following:
|  | September 28, 2013 |  | December 31, 2012
Revolving credit facility |  | $ | 35,700 |  |  | $ | 123,600 |
Asset securitization program |  | 70,000 |  |  | 225,000 |
3.375% notes, due 2015 |  | 255,686 |  |  | 257,732 |
6.875% senior debentures, due 2018 |  | 199,026 |  |  | 198,869 |
3.00% notes, due 2018 |  | 298,618 |  |  | — |
6.00% notes, due 2020 |  | 299,942 |  |  | 299,936 |
5.125% notes, due 2021 |  | 249,416 |  |  | 249,356 |
4.50% notes, due 2023 |  | 297,719 |  |  | — |
7.50% senior debentures, due 2027 |  | 198,135 |  |  | 198,030 |
Other obligations with various interest rates and due dates |  | 9,610 |  |  | 34,955 |
|  | $ | 1,913,852 |  |  | $ | 1,587,478 |
The 7.50% senior debentures are not redeemable prior to their maturity. The 3.375% notes, 6.875% senior debentures, 3.00% notes, 6.00% notes, 5.125% notes, and 4.50% 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 28, 2013 |  | December 31, 2012
6.875% senior notes, due 2013 |  | $ | — |  |  | $ | 342,000 |
3.375% notes, due 2015 |  | 257,500 |  |  | 260,000 |
6.875% senior debentures, due 2018 |  | 230,000 |  |  | 236,000 |
3.00% notes, due 2018 |  | 300,000 |  |  | — |
6.00% notes, due 2020 |  | 330,000 |  |  | 342,000 |
5.125% notes, due 2021 |  | 262,500 |  |  | 272,500 |
4.50% notes, due 2023 |  | 297,000 |  |  | — |
7.50% senior debentures, due 2027 |  | 234,000 |  |  | 246,000 |
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. In February 2013, the company completed the sale of $300,000 principal amount of 3.00% notes due in 2018 and $300,000 principal amount of 4.50% notes due in 2023. The net proceeds of the offering of $591,156 were used to refinance the company's 6.875% senior notes due July 2013 and for general corporate purposes. In March 2013, the company redeemed $332,107 principal amount of its 6.875% senior notes due July 2013. The related loss on the redemption for the first nine months of 2013 aggregated $4,277 ($2,627 net of related taxes or $.03 per share on both a basic and diluted basis) and was recognized as a loss on prepayment of debt. 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 28, 2013), or an effective interest rate of 1.46% at September 28, 2013. The facility fee is .225%. The company had outstanding borrowings under the revolving credit facility of $35,700 and $123,600 at September 28, 2013 and December 31, 2012, 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 28, 2013), or an effective interest rate of .68% at September 28, 2013. The facility fee is .40%. At September 28, 2013 and December 31, 2012, the company had $70,000 and $225,000, 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 $1,506,382 and $1,610,946, 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 levels. The company was in compliance with all covenants as of September 28, 2013 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 $3,272 and $4,392 for the third quarter and first nine months of 2013 and $3,392 and $4,627 for the third quarter and first nine months of 2012, 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 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: 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 3: 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 4: 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 + Details
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