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Segment information
12 Months Ended
Jul. 02, 2011
Segment information [Abstract]  
Segment information
16. Segment information
Electronics Marketing and Technology Solutions are the overall segments upon which management primarily evaluates the operations of the Company and upon which management bases its operating decisions. Therefore, the segment data that follows reflects these two segments.
EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products. EM markets and sells its products and services to a diverse customer base serving many end-markets including automotive, communications, computer hardware and peripheral, industrial and manufacturing, medical equipment, military and aerospace. EM also offers an array of value-added services that help customers evaluate, design-in and procure electronic components throughout the lifecycle of their technology products and systems, including supply-chain management, engineering design, inventory replenishment systems, connector and cable assembly and semiconductor programming.
TS markets and sells mid- to high-end servers, data storage, software, and the services required to implement these products and solutions to the value-added reseller channel. TS also focuses on the worldwide original equipment manufacturers (“OEM”) market for computing technology, system integrators and non-PC OEMs that require embedded systems and solutions including engineering, product prototyping, integration and other value-added services.
                         
    Years Ended  
    July 2,     July 3,     June 27,  
    2011     2010     2009  
    (Millions)  
Sales:
                       
Electronics Marketing
  $ 15,066.2     $ 10,966.8     $ 9,192.8  
Technology Solutions
    11,468.2       8,193.4       7,037.1  
 
                 
 
  $ 26,534.4     $ 19,160.2     $ 16,229.9  
 
                 
Operating income (loss):
                       
Electronics Marketing
  $ 832.5     $ 491.6     $ 354.5  
Technology Solutions
    286.7       251.7       201.4  
Corporate
    (112.0 )     (82.3 )     (64.5 )
 
                 
 
    1,007.2       661.0       491.4  
Impairment charges (Note 6)
                (1,411.1 )
Restructuring, integration and other charges (Note 17)
    (77.2 )     (25.4 )     (99.3 )
 
                 
 
  $ 930.0     $ 635.6     $ (1,019.0 )
 
                 
Assets:
                       
Electronics Marketing
  $ 5,890.9     $ 4,441.8     $ 3,783.4  
Technology Solutions
    3,765.2       2,553.8       2,036.8  
Corporate
    249.5       786.8       453.3  
 
                 
 
  $ 9,905.6     $ 7,782.4     $ 6,273.5  
 
                 
Capital expenditures:
                       
Electronics Marketing
  $ 69.8     $ 30.1     $ 61.1  
Technology Solutions
    57.4       17.2       38.5  
Corporate
    21.5       19.6       10.6  
 
                 
 
  $ 148.7     $ 66.9     $ 110.2  
 
                 
Depreciation & amortization expense:
                       
Electronics Marketing
  $ 28.3     $ 24.6     $ 26.8  
Technology Solutions
    30.0       15.7       18.3  
Corporate
    23.1       20.3       20.7  
 
                 
 
  $ 81.4     $ 60.6     $ 65.8  
 
                 
Sales, by geographic area, are as follows:
                       
Americas (1)
  $ 11,518.5     $ 8,367.3     $ 7,572.2  
EMEA (2)
    8,393.4       5,948.3       5,268.4  
Asia/Pacific (3)
    6,622.5       4,844.6       3,389.3  
 
                 
 
  $ 26,534.4     $ 19,160.2     $ 16,229.9  
 
                 
Property, plant and equipment, net, by geographic area:
                       
Americas (4)
  $ 242.5     $ 182.2     $ 183.9  
EMEA (5)
    150.6       98.5       101.3  
Asia/Pacific
    26.1       21.9       20.5  
 
                 
 
  $ 419.2     $ 302.6     $ 305.7  
 
                 
 
     
(1)  
Includes sales in the United States of $10.0 billion, $7.6 billion and $6.8 billion for fiscal year 2011, 2010 and 2009, respectively.
 
(2)  
Includes sales in Germany and the United Kingdom of $3.1 billion and $1.7 billion, respectively, for fiscal 2011. Includes sales in Germany and the United Kingdom of $2.1 billion and $1.1 billion, respectively, for fiscal 2010. Includes sales in Germany and the United Kingdom of $1.8 billion and $1.0 billion, respectively, for fiscal 2009.
 
(3)  
Includes sales of $1.8 billion, $2.4 billion and $1.2 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2011. Includes sales of $1.3 billion, $2.0 billion and $1.0 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2010. Includes sales of $966.9 million, $1.3 billion and $752.9 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2009.
 
(4)  
Includes property, plant and equipment, net, of $231.3 million, $178.2 million and $179.6 million in the United States for fiscal 2011, 2010 and 2009, respectively.
 
(5)  
Includes property, plant and equipment, net of $92.8 million, $23.4 million, and $16.4 million in Germany, Belgium and the United Kingdom, respectively, for fiscal 2011. Fiscal 2010 includes property, plant and equipment, net, of $48.0 million in Germany, $20.4 million in Belgium and $13.4 million in the United Kingdom. Fiscal 2009 includes property, plant and equipment, net, of $41.4 million in Germany, $24.2 million, in Belgium and $26.8 million in the United Kingdom.
The Company manages its business based upon the operating results of its two operating groups before impairment charges (see Note 6) and restructuring, integration and other charges (see Note 17). In fiscal 2011, 2010 and 2009, presented above, the unallocated pre-tax impairment charges and restructuring, integration and other items related to EM and TS, respectively, were $27,879,000 and $38,146,000 in fiscal 2011, $14,701,000 and $10,579,000 in fiscal 2010 and $1,116,335,000 and $389,561,000 in fiscal 2009, respectively. The remaining restructuring, integration and other items in each year relate to corporate activities.
Listed in the table below are the major product categories and the Company’s approximate sales of each during the past three fiscal years:
                         
    Years Ended  
    July 2,     July 3,     June 27,  
    2011     2010     2009  
    (Millions)  
Semiconductors
  $ 14,149.3     $ 10,098.7     $ 8,324.0  
Computer products
    10,284.6       7,302.8       6,393.4  
Connectors
    1,041.4       841.4       735.2  
Passives, electromechanical and other
    1,059.1       917.3       777.3  
 
                 
 
  $ 26,534.4     $ 19,160.2     $ 16,229.9