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Segment and Geographic Information | 6 Months Ended
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Jun. 29, 2024
Segment and Geographic Information |
Segment and Geographic Information | Note M – 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 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 OEMs and 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 VARs and 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:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Six Months Ended
​ | ​ | June 29, | ​ | July 1, | ​ | June 29, | ​ | July 1,
(thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Sales: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Components: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Americas | ​ | $ | 1,572,840 | ​ | $ | 2,066,562 | ​ | $ | 3,169,532 | ​ | $ | 4,300,015
EMEA | ​ |  | 1,439,494 | ​ |  | 2,153,479 | ​ |  | 3,096,001 | ​ |  | 4,399,624
Asia/Pacific | ​ |  | 2,019,697 | ​ |  | 2,462,841 | ​ |  | 3,957,915 | ​ |  | 4,839,036
Global components | ​ | $ | 5,032,031 | ​ | $ | 6,682,882 | ​ | $ | 10,223,448 | ​ | $ | 13,538,675
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ECS: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Americas | ​ | $ | 964,070 | ​ | $ | 1,000,506 | ​ | $ | 1,871,818 | ​ | $ | 1,998,620
EMEA | ​ |  | 896,767 | ​ |  | 831,128 | ​ |  | 1,721,862 | ​ |  | 1,713,649
Global ECS | ​ | $ | 1,860,837 | ​ | $ | 1,831,634 | ​ | $ | 3,593,680 | ​ | $ | 3,712,269
Consolidated | ​ | $ | 6,892,868 | ​ | $ | 8,514,516 | ​ | $ | 13,817,128 | ​ | $ | 17,250,944
​ Operating income (loss), by reportable segment, are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Six Months Ended
​ | ​ | June 29, | ​ | July 1, | ​ | June 29, | ​ | July 1,
(thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating income (loss): |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Global components (a) | ​ | $ | 210,201 | ​ | $ | 381,314 | ​ | $ | 435,763 | ​ | $ | 798,853
Global ECS (b) | ​ |  | 102,581 | ​ |  | 86,228 | ​ |  | 174,040 | ​ |  | 167,327
Corporate (c) | ​ |  | (100,507) | ​ |  | (75,292) | ​ |  | (211,611) | ​ |  | (151,778)
Consolidated | ​ | $ | 212,275 | ​ | $ | 392,250 | ​ | $ | 398,192 | ​ | $ | 814,402
​
(a) | Global components operating income includes charges of $1.6 million and $12.1 million in inventory write downs related to the wind down of a business for the second quarter and first six months of 2024, respectively.
(b) | Global ECS operating income includes a $20.0 million benefit related to the reversal of an allowance for credit losses for the second quarter and first six months of 2024.
(c) | Corporate operating (loss) includes restructuring, integration, and other charges of $40.5 million and $87.4 million for the second quarter and first six months of 2024, respectively, and $10.3 million and $12.9 million for the second quarter and first six months of 2023, respectively. Refer to Note I.
​

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