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Segment and Geographic Information

6 Months Ended

Jun. 27, 2020

Segment Reporting [Abstract]

Segment and Geographic Information [Text Block]

Segment and Geographic InformationThe company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company distributes electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers and managed service providers through its global ECS business segment. As a result of the company’s philosophy of maximizing operating efficiencies through the centralization of certain functions, selected fixed assets and related depreciation, as well as borrowings, are not directly attributable to the individual operating segments and are included in the corporate business segment.

Sales, by segment by geographic area, are as follows:

						Quarter Ended																		Six Months Ended
						June 27, 2020						June 29, 2019						June 27, 2020						June 29, 2019
Components:
Americas						$	1,488,901					$	1,876,799					$	3,041,699					$	3,783,828
EMEA (a)						1,118,417						1,415,888						2,428,407						2,919,254
Asia/Pacific						2,113,937						1,978,248						3,801,750						3,759,780
Global components						$	4,721,255					$	5,270,935					$	9,271,856					$	10,462,862
ECS:
Americas						$	1,223,256					$	1,372,456					$	2,351,944					$	2,573,363
EMEA (a)						661,983						701,157						1,364,111						1,464,314
Global ECS						$	1,885,239					$	2,073,613					$	3,716,055					$	4,037,677
Consolidated (b)						$	6,606,494					$	7,344,548					$	12,987,911					$	14,500,539

(a)Defined as Europe, the Middle East, and Africa.

(b)Includes sales related to the United States of $2,463,885 and $4,875,972 for the second quarter and first six months of 2020 and $2,902,393 and $5,684,428 for the second quarter and first six months 2019, respectively.

Operating income (loss), by segment, are as follows:

						Quarter Ended																		Six Months Ended
						June 27, 2020						June 29, 2019						June 27, 2020						June 29, 2019
Operating income (loss):
Global components (c)						$	181,836					$	(566,116)					$	346,603					$	(331,584)
Global ECS (d)						72,921						98,388						115,354						185,106
Corporate (e)						(58,144)						(81,462)						(127,040)						(157,152)
Consolidated						$	196,613					$	(549,190)					$	334,917					$	(303,630)

(c)Global components operating income includes impairments of $697,993 for the second quarter and first six months 2019. Also included in the second quarter of 2019 is a non-recurring charge of $20,114 related to a subset of inventory held by its digital business and a non-recurring charge of $15,851 related to the receivables and inventory of its financing solutions business. During the second quarter of 2019 the company made the decision to narrow its digital inventory offerings and will no longer provide notes to its components customers.

(d)Global ECS operating income for the first six months of 2020 includes reserves and other adjustments of approximately $29,858 primarily related to foreign tax and other loss contingencies. These reserves are principally associated with transactional taxes on activity from several prior years, not significant to any one year. Global ECS operating income for the second quarter of 2020 includes $4,918 in impairment charges related to various long-lived assets.

(e)Includes restructuring, integration, and other charges of $650 and $9,788 for the second quarter and first six months of 2020 and $19,912 and $31,572 for the second quarter and first six months 2019, respectively. Also included in the first six months of 2019 was a net loss on disposition of businesses of $866.

Total assets, by segment, is as follows:

						June 27, 2020						December 31, 2019
Global components						$	10,466,895					$	10,253,006
Global ECS						4,403,385						5,479,919
Corporate						734,181						667,871
Consolidated						$	15,604,461					$	16,400,796

Net property, plant, and equipment, by geographic area, is as follows:

						June 27, 2020						December 31, 2019
Americas (f)						$	566,705					$	594,357
EMEA						177,158						157,550
Asia/Pacific						54,327						51,203
Consolidated						$	798,190					$	803,110

(f)Includes net property, plant, and equipment related to the United States of $564,435 and $591,818 at June 27, 2020 and December 31, 2019, respectively.

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- References

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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