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Segment and Geographic Information | 12 Months Ended
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Dec. 31, 2023
Segment and Geographic Information |
Segment and Geographic Information | 16. Segment and Geographic Information The company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company has one of the world’s broadest portfolios of product offerings available from leading electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools that enables its suppliers to distribute their technologies and help its industrial and commercial customers to source, build upon, and leverage these technologies to grow their businesses, reduce their time to market, and enhance their overall competitiveness. The company is a trusted partner in a complex value chain and is uniquely positioned through its electronics components and IT content portfolios to increase value for stakeholders. ​ The company has two reportable segments, the global components business and the global enterprise computing solutions (“ECS”) business. The company’s global components business, enabled by a comprehensive range of value-added capabilities and services, markets and distributes electronic components to original equipment manufacturers (“OEMs”) and contract manufacturers (“CMs”). The company’s global ECS business is a leading value-added provider of comprehensive computing solutions and services. The global ECS portfolio of computing solutions includes datacenter, cloud, security, and analytics solutions. Global ECS brings broad market access, extensive supplier relationships, scale, and resources to help its value-added resellers (“VARs”) and managed service providers (“MSPs”) meet the needs of their end-users. ​ As a result of the company’s philosophy of maximizing operating efficiencies through the centralization of certain functions, operating income for the reportable segments excludes unallocated corporate overhead costs, depreciation on corporate fixed assets, and restructuring, integration and other costs, as they are not attributable to the individual reportable segments and are included in the corporate line item. ​ Sales, by reportable segment by geographic area, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2023 |  | 2022 |  | 2021
Sales: |  | ​ |  |  | ​ |  |  | ​ |
Components: |  | ​ |  |  | ​ |  |  | ​ |
Americas | ​ | $ | 7,954,713 | ​ | $ | 9,592,547 | ​ | $ | 7,827,866
EMEA | ​ |  | 8,074,894 | ​ |  | 7,627,974 | ​ |  | 6,248,846
Asia/Pacific | ​ |  | 9,390,292 | ​ |  | 11,567,482 | ​ |  | 12,280,805
Global components | ​ | $ | 25,419,899 | ​ | $ | 28,788,003 | ​ | $ | 26,357,517
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ECS: | ​ |  |  | ​ |  |  | ​ |  |
Americas | ​ | $ | 4,160,298 | ​ | $ | 4,847,027 | ​ | $ | 4,878,954
EMEA | ​ |  | 3,526,923 | ​ |  | 3,489,392 | ​ |  | 3,240,547
Global ECS | ​ | $ | 7,687,221 | ​ | $ | 8,336,419 | ​ | $ | 8,119,501
Consolidated | ​ | $ | 33,107,120 | ​ | $ | 37,124,422 | ​ | $ | 34,477,018
​ Sales by country are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2023 |  | 2022 |  | 2021
Sales: |  | ​ |  |  | ​ |  |  | ​ |
China and Hong Kong | ​ | $ | 4,858,871 | ​ | $ | 6,339,883 | ​ | $ | 7,249,611
Germany | ​ |  | 4,341,837 | ​ |  | 4,715,806 | ​ |  | 4,007,381
Other | ​ |  | 12,737,852 | ​ |  | 12,901,063 | ​ |  | 11,603,832
Total foreign | ​ | $ | 21,938,560 | ​ | $ | 23,956,752 | ​ | $ | 22,860,824
United States | ​ |  | 11,168,560 | ​ |  | 13,167,670 | ​ |  | 11,616,194
Total | ​ | $ | 33,107,120 | ​ | $ | 37,124,422 | ​ | $ | 34,477,018
​ The company operates in more than 85 countries worldwide. Sales to unaffiliated customers are based on the company location that maintains the customer relationship and transacts the external sale. ​ Operating income (loss), by reportable segment, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2023 |  | 2022 |  | 2021
Operating income (loss): |  | ​ |  |  | ​ |  |  | ​ |
Global components (a) | ​ | $ | 1,459,166 | ​ | $ | 1,961,125 | ​ | $ | 1,432,187
Global ECS (b) | ​ |  | 367,004 | ​ |  | 408,519 | ​ |  | 390,103
Corporate (c) | ​ |  | (355,006) | ​ |  | (301,150) | ​ |  | (265,468)
Consolidated | ​ | $ | 1,471,164 | ​ | $ | 2,068,494 | ​ | $ | 1,556,822
(a) | Global components operating income includes $62.2 million and $12.5 million in settlement charges recorded as a reduction to operating expense for 2023 and 2021, respectively, (refer to Note 15) and $4.5 million in restructuring, integration, and other charges for 2021.
​
(b) | Global ECS operating income includes charges to increase the allowance for credit losses, which increased by $24.0 million for 2023, relative to the year-earlier period.
​
(c) | Corporate operating loss for the years 2023, 2022, and 2021 includes restructuring, integration, and other charges of $83.9 million, $13.7 million, and $10.9 million, respectively.
Total assets, by reportable segment, at December 31 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2023 |  | 2022
Total assets: |  | ​ |  |  | ​ |
Global components | ​ | $ | 15,129,190 | ​ | $ | 15,001,624
Global ECS | ​ |  | 6,051,459 | ​ |  | 6,124,184
Corporate | ​ |  | 545,519 | ​ |  | 637,374
Consolidated | ​ | $ | 21,726,168 | ​ | $ | 21,763,182
​ Long-lived assets by country are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2023 |  | 2022
Long-lived assets: |  | ​ |  |  | ​ |
Netherlands | ​ | $ | 89,199 | ​ | $ | 93,390
France | ​ | ​ | 87,861 | ​ | ​ | 68,048
Other | ​ |  | 258,264 | ​ |  | 247,823
Total foreign | ​ | $ | 435,324 | ​ | $ | 409,261
United States | ​ |  | 364,940 | ​ |  | 464,749
Total | ​ | $ | 800,264 | ​ | $ | 874,010
​

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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