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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jun. 28, 2025
Jun. 28, 2024
Jun. 28, 2023
Jun. 28, 2022
Jun. 28, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​
PAY VERSUS PERFORMANCE​
 ​
Compensation Actually Paid (“CAP”) and certain Company financial performance measures for the past five fiscal years are set forth below.
CAP is calculated as required under applicable SEC rules and presented on an individual basis for each principal executive officer of the Company (“PEO”) and as an average for other NEOs serving during the presented years. CAP does not reflect the actual amount of compensation earned or realized by NEOs during a covered year. Please see the footnotes to the Pay Versus Performance Table below for more detailed information on the calculation of CAP.
Neither the Compensation and Leadership Development Committee nor the Board used CAP or net income as the basis for making compensation decisions. For more information concerning the Company’s pay-for- performance philosophy and how it aligns executive compensation with the Company’s performance, please see “Compensation Discussion and Analysis.”
Prior to fiscal 2024 the calculation of the CAP for both the PEO and the non-PEO NEOs did not take into consideration the accelerated vesting attributable to retirement eligibility. This was corrected effective with the calculation of CAP for fiscal 2024. Prior years’ CAP has not been restated.
The value of the vested and unvested PSU’s in the calculation of CAP include adjustments to current performance estimates.
PAY VERSUS PERFORMANCE TABLE
​
Fiscal
Year
​ ​
Summary
Comp. Table
Total For
PEO
​ ​
CAP to
PEO
​ ​
Summary
Comp. Table
Total For
Former
PEO
​ ​
CAP to
Former
PEO
​ ​
Avg. Summary
Comp. Table
Total For
non-PEO
NEOs
​ ​
Avg. CAP to
non-PEO
NEOs
​ ​
Value of Initial Fixed $100
Investment Based on:
​ ​
Net
Income
(Millions)(3)
​ ​
Adjusted OI$
(Millions)(4)
​
​
Company
TSR(1)
​ ​
Peer Group
TSR(1)(2)
​
​ 2025 ​ ​ ​ $ 9,894,132 ​ ​ ​ ​ $ 6,640,640 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ $ 2,364,773 ​ ​ ​ ​ $ 1,491,950 ​ ​ ​ ​ $ 229.61 ​ ​ ​ ​ $ 256.14 ​ ​ ​ ​ $ 240.2 ​ ​ ​ ​ $ 624.0 ​ ​
​ 2024 ​ ​ ​ $ 8,775,978 ​ ​ ​ ​ $ 5,540,132 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ $ 2,041,858 ​ ​ ​ ​ $ 1,354,722 ​ ​ ​ ​ $ 218.81 ​ ​ ​ ​ $ 253.53 ​ ​ ​ ​ $ 498.7 ​ ​ ​ ​ $ 900.0 ​ ​
​ 2023 ​ ​ ​ $ 9,716,827 ​ ​ ​ ​ $ 13,428,971 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ $ 1,928,181 ​ ​ ​ ​ $ 1,950,485 ​ ​ ​ ​ $ 208.95 ​ ​ ​ ​ $ 218.46 ​ ​ ​ ​ $ 770.8 ​ ​ ​ ​ $ 1,220.9 ​ ​
​ 2022 ​ ​ ​ $ 8,129,900 ​ ​ ​ ​ $ 9,883,510 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ $ 2,031,221 ​ ​ ​ ​ $ 1,912,506 ​ ​ ​ ​ $ 170.48 ​ ​ ​ ​ $ 177.30 ​ ​ ​ ​ $ 692.4 ​ ​ ​ ​ $ 985.6 ​ ​
​ 2021 ​ ​ ​ $ 6,151,987 ​ ​ ​ ​ $ 8,577,743 ​ ​ ​ ​ $ 2,910,076 ​ ​ ​ ​ $ 377,147 ​ ​ ​ ​ $ 1,862,076 ​ ​ ​ ​ $ 1,527,825 ​ ​ ​ ​ $ 157.58 ​ ​ ​ ​ $ 199.58 ​ ​ ​ ​ $ 193.1 ​ ​ ​ ​ $ 407.0 ​ ​
​
(1)
Reflects the cumulative value of a $100 investment made at the beginning of fiscal year 2021 through the end of fiscal year 2025, including the reinvestment of dividends.
​
(2)
The Peer Group is the one used in the Annual Reports on Form 10-K pursuant to Item 201(e)(ii) of Regulations S-K for each of the fiscal years noted, which is comprised of the following five companies: Agilysys, Inc.; Arrow Electronics Inc.; Insight Enterprises Inc.; Scansource Inc.; and TD Synnex Corporation.
​
(3)
As presented in the Company’s Consolidated Statements of Operations for each of the fiscal years ended, calculated in accordance with GAAP.
​
(4)
The Company’s selected measure, Adjusted Operating Income Dollars (OI$), is a non-GAAP measure and was one of the financial performance metrics used in the fiscal 2025 annual cash incentive plan design for executive officers. Please see Appendix A for information on how this measure was calculated as well as a reconciliation to its most directly comparable GAAP measures.
​
Phil Gallagher was the PEO for all the presented years. To calculate CAP for Mr. Gallagher, the following amounts were deducted from and added to the Total Compensation reported in the Summary Compensation Table (“SCT”):
​
Year
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​ ​
2025
​
​ SCT Total Compensation ​ ​ ​ $ 6,151,987 ​ ​ ​ ​ $ 8,129,900 ​ ​ ​ ​ $ 9,716,827 ​ ​ ​ ​ $ 8,775,978 ​ ​ ​ ​ $ 9,894,132 ​ ​
​
Minus: Grant-date fair value of awards reported in the SCT
​ ​ ​ $ 2,858,059 ​ ​ ​ ​ $ 4,216,444 ​ ​ ​ ​ $ 6,078,268 ​ ​ ​ ​ $ 6,572,830 ​ ​ ​ ​ $ 7,309,157 ​ ​
​
Plus: Vesting-date fair value of awards
granted and vested in the covered year
​ ​ ​ $ 508,172 ​ ​ ​ ​ $ 624,058 ​ ​ ​ ​ $ 736,281 ​ ​ ​ ​ $ 857,801 ​ ​ ​ ​ $ 914,206 ​ ​
​
Plus: Year-end fair value of awards granted but remain unvested in the covered year
​ ​ ​ $ 4,344,273 ​ ​ ​ ​ $ 4,349,379 ​ ​ ​ ​ $ 6,808,722 ​ ​ ​ ​ $ 4,405,536 ​ ​ ​ ​ $ 3,115,524 ​ ​
​
Plus/(Minus): Change in fair value of awards granted in prior year(s) that vested in the covered year
​ ​ ​ $ 70,402 ​ ​ ​ ​ $ 457,714 ​ ​ ​ ​ $ 164,293 ​ ​ ​ ​ $ (1,912,696) ​ ​ ​ ​ $ 41,321 ​ ​
​
Plus: Change in fair value of awards granted in prior year(s) that remain unvested in covered year
​ ​ ​ $ 363,638 ​ ​ ​ ​ $ 535,110 ​ ​ ​ ​ $ 2,089,549 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
Minus: Fair value of awards forfeited during the covered year
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Minus: Aggregate change in actuarial present value of accumulated benefit under pension plans
​ ​ ​ $ 23,145 ​ ​ ​ ​ $ 17,711 ​ ​ ​ ​ $ 27,780 ​ ​ ​ ​ $ 34,126 ​ ​ ​ ​ $ 37,429 ​ ​
​
Plus: Aggregate service costs and prior
service costs for pension plans
​ ​ ​ $ 20,475 ​ ​ ​ ​ $ 21,504 ​ ​ ​ ​ $ 19,347 ​ ​ ​ ​ $ 20,469 ​ ​ ​ ​ $ 22,043 ​ ​
​ Compensation Actually Paid (CAP) ​ ​ ​ $ 8,577,743 ​ ​ ​ ​ $ 9,883,510 ​ ​ ​ ​ $ 13,428,971 ​ ​ ​ ​ $ 5,540,132 ​ ​ ​ ​ $ 6,640,640 ​ ​
William J. Amelio, who ceased to be the Chief Executive Officer on July 31, 2020, is the Former PEO for Fiscal 2021.
To calculate CAP for Mr. Amelio for Fiscal 2021, the following amounts were deducted from and added to the Total Compensation reported in the SCT:
​
Year
​ ​
2021
​
​ SCT Total Compensation ​ ​ ​ $ 2,910,076 ​ ​
​
Minus: Fair value of awards forfeited during the covered year
​ ​ ​ $ 2,641,141 ​ ​
​
Minus: Aggregate change in actuarial present value of accumulated benefit under pension plans
​ ​ ​ $ 88,339 ​ ​
​
Plus: Aggregate service costs and prior service costs for pension plans
​ ​ ​ $ 196,551 ​ ​
​ Compensation Actually Paid (CAP) ​ ​ ​ $ 377,147 ​ ​
The following are the non-PEO NEOs included for each year shown in the table:
Fiscal 2024: Messrs. Jacobson, Arnold, Chan, and McCoy
Fiscal 2023: Messrs. Liguori (former CFO), Jacobson, Arnold, and McCoy, and Ms. Obregon-Jimenez.
Fiscal 2022: Messrs. Liguori, Arnold, Chan, and McCoy.
Fiscal 2021: Messrs. Liguori, Arnold, Chan, and McCoy, as well as Peter G. Bartolotta (who ceased serving as President, Business Transformation on October 1, 2020) and MaryAnn G. Miller (who ceased serving as SVP, Chief Administrative Officer on October 16, 2020).
To calculate the Average CAP for the non-PEO NEOs, the following amounts were deducted from and added to the average Total Compensation reported in the SCT:
​
Year
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​ ​
2025
​
​ Average SCT Total Compensation ​ ​ ​ $ 1,862,076 ​ ​ ​ ​ $ 2,031,221 ​ ​ ​ ​ $ 1,928,181 ​ ​ ​ ​ $ 2,041,858 ​ ​ ​ ​ $ 2,364,773 ​ ​
​
Minus: Average grant-date fair value of awards reported in the SCT
​ ​ ​ $ 739,776 ​ ​ ​ ​ $ 780,055 ​ ​ ​ ​ $ 890,867 ​ ​ ​ ​ $ 1,114,994 ​ ​ ​ ​ $ 1,312,123 ​ ​
​
Plus: Average vesting-date fair value of
awards granted and vested in the covered
year
​ ​ ​ $ 136,771 ​ ​ ​ ​ $ 115,456 ​ ​ ​ ​ $ 124,990 ​ ​ ​ ​ $ 141,777 ​ ​ ​ ​ $ 159,967 ​ ​
​
Plus: Average year-end fair value of awards granted but remain unvested in the covered year
​ ​ ​ $ 591,136 ​ ​ ​ ​ $ 402,321 ​ ​ ​ ​ $ 555,985 ​ ​ ​ ​ $ 361,411 ​ ​ ​ ​ $ 273,488 ​ ​
​
Plus/(Minus): Average change in fair value of awards granted in prior year(s) that vested in the covered year
​ ​ ​ $ 51,740 ​ ​ ​ ​ $ 78,917 ​ ​ ​ ​ $ 17,562 ​ ​ ​ ​ $ (53,139) ​ ​ ​ ​ $ 13,079 ​ ​
​
Plus/(Minus): Average change in fair value of awards granted in prior year(s) that remain unvested
​ ​ ​ $ 155,548 ​ ​ ​ ​ $ 69,871 ​ ​ ​ ​ $ 224,960 ​ ​ ​ ​ $ (2,111) ​ ​ ​ ​ $ 5,796 ​ ​
​
Minus: Average fair value of awards forfeited during the covered year
​ ​ ​ $ 433,248 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​
​
Minus: Average aggregate change in actuarial present value of accumulated benefit under pension plans
​ ​ ​ $ 136,997 ​ ​ ​ ​ $ 43,134 ​ ​ ​ ​ $ 63,768 ​ ​ ​ ​ $ 58,509 ​ ​ ​ ​ $ 57,370 ​ ​
​
Plus: Average aggregate service costs
and prior service costs for pension plans
​ ​ ​ $ 40,575 ​ ​ ​ ​ $ 37,909 ​ ​ ​ ​ $ 53,442 ​ ​ ​ ​ $ 38,429 ​ ​ ​ ​ $ 44,340 ​ ​
​ Average Compensation Actually Paid ​ ​ ​ $ 1,527,825 ​ ​ ​ ​ $ 1,912,506 ​ ​ ​ ​ $ 1,950,485 ​ ​ ​ ​ $ 1,354,722 ​ ​ ​ ​ $ 1,491,950 ​ ​
       
Company Selected Measure Name Adjusted OI        
Named Executive Officers, Footnote
The following are the non-PEO NEOs included for each year shown in the table:
Fiscal 2024: Messrs. Jacobson, Arnold, Chan, and McCoy
Fiscal 2023: Messrs. Liguori (former CFO), Jacobson, Arnold, and McCoy, and Ms. Obregon-Jimenez.
Fiscal 2022: Messrs. Liguori, Arnold, Chan, and McCoy.
Fiscal 2021: Messrs. Liguori, Arnold, Chan, and McCoy, as well as Peter G. Bartolotta (who ceased serving as President, Business Transformation on October 1, 2020) and MaryAnn G. Miller (who ceased serving as SVP, Chief Administrative Officer on October 16, 2020).
       
Peer Group Issuers, Footnote
(2)
The Peer Group is the one used in the Annual Reports on Form 10-K pursuant to Item 201(e)(ii) of Regulations S-K for each of the fiscal years noted, which is comprised of the following five companies: Agilysys, Inc.; Arrow Electronics Inc.; Insight Enterprises Inc.; Scansource Inc.; and TD Synnex Corporation.
       
Adjustment To PEO Compensation, Footnote
Phil Gallagher was the PEO for all the presented years. To calculate CAP for Mr. Gallagher, the following amounts were deducted from and added to the Total Compensation reported in the Summary Compensation Table (“SCT”):
​
Year
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​ ​
2025
​
​ SCT Total Compensation ​ ​ ​ $ 6,151,987 ​ ​ ​ ​ $ 8,129,900 ​ ​ ​ ​ $ 9,716,827 ​ ​ ​ ​ $ 8,775,978 ​ ​ ​ ​ $ 9,894,132 ​ ​
​
Minus: Grant-date fair value of awards reported in the SCT
​ ​ ​ $ 2,858,059 ​ ​ ​ ​ $ 4,216,444 ​ ​ ​ ​ $ 6,078,268 ​ ​ ​ ​ $ 6,572,830 ​ ​ ​ ​ $ 7,309,157 ​ ​
​
Plus: Vesting-date fair value of awards
granted and vested in the covered year
​ ​ ​ $ 508,172 ​ ​ ​ ​ $ 624,058 ​ ​ ​ ​ $ 736,281 ​ ​ ​ ​ $ 857,801 ​ ​ ​ ​ $ 914,206 ​ ​
​
Plus: Year-end fair value of awards granted but remain unvested in the covered year
​ ​ ​ $ 4,344,273 ​ ​ ​ ​ $ 4,349,379 ​ ​ ​ ​ $ 6,808,722 ​ ​ ​ ​ $ 4,405,536 ​ ​ ​ ​ $ 3,115,524 ​ ​
​
Plus/(Minus): Change in fair value of awards granted in prior year(s) that vested in the covered year
​ ​ ​ $ 70,402 ​ ​ ​ ​ $ 457,714 ​ ​ ​ ​ $ 164,293 ​ ​ ​ ​ $ (1,912,696) ​ ​ ​ ​ $ 41,321 ​ ​
​
Plus: Change in fair value of awards granted in prior year(s) that remain unvested in covered year
​ ​ ​ $ 363,638 ​ ​ ​ ​ $ 535,110 ​ ​ ​ ​ $ 2,089,549 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
Minus: Fair value of awards forfeited during the covered year
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Minus: Aggregate change in actuarial present value of accumulated benefit under pension plans
​ ​ ​ $ 23,145 ​ ​ ​ ​ $ 17,711 ​ ​ ​ ​ $ 27,780 ​ ​ ​ ​ $ 34,126 ​ ​ ​ ​ $ 37,429 ​ ​
​
Plus: Aggregate service costs and prior
service costs for pension plans
​ ​ ​ $ 20,475 ​ ​ ​ ​ $ 21,504 ​ ​ ​ ​ $ 19,347 ​ ​ ​ ​ $ 20,469 ​ ​ ​ ​ $ 22,043 ​ ​
​ Compensation Actually Paid (CAP) ​ ​ ​ $ 8,577,743 ​ ​ ​ ​ $ 9,883,510 ​ ​ ​ ​ $ 13,428,971 ​ ​ ​ ​ $ 5,540,132 ​ ​ ​ ​ $ 6,640,640 ​ ​
William J. Amelio, who ceased to be the Chief Executive Officer on July 31, 2020, is the Former PEO for Fiscal 2021.
To calculate CAP for Mr. Amelio for Fiscal 2021, the following amounts were deducted from and added to the Total Compensation reported in the SCT:
​
Year
​ ​
2021
​
​ SCT Total Compensation ​ ​ ​ $ 2,910,076 ​ ​
​
Minus: Fair value of awards forfeited during the covered year
​ ​ ​ $ 2,641,141 ​ ​
​
Minus: Aggregate change in actuarial present value of accumulated benefit under pension plans
​ ​ ​ $ 88,339 ​ ​
​
Plus: Aggregate service costs and prior service costs for pension plans
​ ​ ​ $ 196,551 ​ ​
​ Compensation Actually Paid (CAP) ​ ​ ​ $ 377,147 ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 2,364,773 $ 2,041,858 $ 1,928,181 $ 2,031,221 $ 1,862,076
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,491,950 1,354,722 1,950,485 1,912,506 1,527,825
Adjustment to Non-PEO NEO Compensation Footnote
The following are the non-PEO NEOs included for each year shown in the table:
Fiscal 2024: Messrs. Jacobson, Arnold, Chan, and McCoy
Fiscal 2023: Messrs. Liguori (former CFO), Jacobson, Arnold, and McCoy, and Ms. Obregon-Jimenez.
Fiscal 2022: Messrs. Liguori, Arnold, Chan, and McCoy.
Fiscal 2021: Messrs. Liguori, Arnold, Chan, and McCoy, as well as Peter G. Bartolotta (who ceased serving as President, Business Transformation on October 1, 2020) and MaryAnn G. Miller (who ceased serving as SVP, Chief Administrative Officer on October 16, 2020).
To calculate the Average CAP for the non-PEO NEOs, the following amounts were deducted from and added to the average Total Compensation reported in the SCT:
​
Year
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​ ​
2025
​
​ Average SCT Total Compensation ​ ​ ​ $ 1,862,076 ​ ​ ​ ​ $ 2,031,221 ​ ​ ​ ​ $ 1,928,181 ​ ​ ​ ​ $ 2,041,858 ​ ​ ​ ​ $ 2,364,773 ​ ​
​
Minus: Average grant-date fair value of awards reported in the SCT
​ ​ ​ $ 739,776 ​ ​ ​ ​ $ 780,055 ​ ​ ​ ​ $ 890,867 ​ ​ ​ ​ $ 1,114,994 ​ ​ ​ ​ $ 1,312,123 ​ ​
​
Plus: Average vesting-date fair value of
awards granted and vested in the covered
year
​ ​ ​ $ 136,771 ​ ​ ​ ​ $ 115,456 ​ ​ ​ ​ $ 124,990 ​ ​ ​ ​ $ 141,777 ​ ​ ​ ​ $ 159,967 ​ ​
​
Plus: Average year-end fair value of awards granted but remain unvested in the covered year
​ ​ ​ $ 591,136 ​ ​ ​ ​ $ 402,321 ​ ​ ​ ​ $ 555,985 ​ ​ ​ ​ $ 361,411 ​ ​ ​ ​ $ 273,488 ​ ​
​
Plus/(Minus): Average change in fair value of awards granted in prior year(s) that vested in the covered year
​ ​ ​ $ 51,740 ​ ​ ​ ​ $ 78,917 ​ ​ ​ ​ $ 17,562 ​ ​ ​ ​ $ (53,139) ​ ​ ​ ​ $ 13,079 ​ ​
​
Plus/(Minus): Average change in fair value of awards granted in prior year(s) that remain unvested
​ ​ ​ $ 155,548 ​ ​ ​ ​ $ 69,871 ​ ​ ​ ​ $ 224,960 ​ ​ ​ ​ $ (2,111) ​ ​ ​ ​ $ 5,796 ​ ​
​
Minus: Average fair value of awards forfeited during the covered year
​ ​ ​ $ 433,248 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​
​
Minus: Average aggregate change in actuarial present value of accumulated benefit under pension plans
​ ​ ​ $ 136,997 ​ ​ ​ ​ $ 43,134 ​ ​ ​ ​ $ 63,768 ​ ​ ​ ​ $ 58,509 ​ ​ ​ ​ $ 57,370 ​ ​
​
Plus: Average aggregate service costs
and prior service costs for pension plans
​ ​ ​ $ 40,575 ​ ​ ​ ​ $ 37,909 ​ ​ ​ ​ $ 53,442 ​ ​ ​ ​ $ 38,429 ​ ​ ​ ​ $ 44,340 ​ ​
​ Average Compensation Actually Paid ​ ​ ​ $ 1,527,825 ​ ​ ​ ​ $ 1,912,506 ​ ​ ​ ​ $ 1,950,485 ​ ​ ​ ​ $ 1,354,722 ​ ​ ​ ​ $ 1,491,950 ​ ​
       
Compensation Actually Paid vs. Total Shareholder Return
CAP vs. Company TSR
Changes in CAP values for the PEO and non-PEO NEOs over fiscal years 2021 through 2025 generally align with changes in the Company’s TSR over this same period. CAP values increased modestly in fiscal 2025 over the prior year as did the Company TSR. Equity awards in long-term incentive plans represent a significant portion of the NEOs’ total compensation and generally result in the alignment of the fair value of the NEOs’ equity awards with shareholders’ interest. Fluctuations in stock price over this five-year period similarly impacted the changes in fair value of the NEOs’ equity awards.
       
Compensation Actually Paid vs. Net Income
CAP vs. Net Income
The SEC requires net income to be included as a performance measure in the Pay Versus Performance Table. However, the Company does not use net income in its compensation incentive plan design or to determine compensation levels. Therefore, changes in CAP values over fiscal years 2021 through 2025 somewhat align with changes in the Company’s net income over this same period.
       
Compensation Actually Paid vs. Company Selected Measure
CAP vs. Adjusted Operating Income Dollars
each of the fiscal years 2021 through 2025. Changes in CAP values for the PEO and non-PEO NEOs over fiscal years 2021 through 2025 generally align with changes in the Company’s Adjusted OI$ over this same period.
       
Total Shareholder Return Vs Peer Group
Company TSR vs. Peer Group TSR
Both the Company TSR and Peer Group TSR generally increased over fiscal years 2021 through 2025. The design of PSU awards granted in fiscal years 2019, 2020, 2023, 2024 and 2025 included modifiers based on Company TSR against a peer group TSR to provide a level of alignment between executive compensation and TSR. However, the peer groups used under these modifiers varied between PSU awards and are different than the selected Peer Group reflected in the Pay Versus Performance Table, which consists of fewer companies. Please see the “Compensation Discussion and Analysis” section of this Proxy Statement for more information on the peer groups used under the modifiers.
       
Tabular List, Table
MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES FOR FISCAL 2025
Listed below are the most important financial performance measures used by the Company during fiscal 2025 to link NEO compensation to Company performance. These measures are not ranked by relative importance. Please see “Compensation Discussion and Analysis — Elements of Executive Compensation” for additional information regarding these performance measures.
​
FY25 Most Important Financial Performance Measures
(Unranked)
​
​
Adjusted Operating Income Dollars(1)
​
​
Return on Working Capital(1)
​
​
Relative Adjusted Earnings Per Share Growth(2)
​
​
Market Share (Relative Organic Sales Growth of AVT vs Core Business Competitor)(1)
​
​
Adjusted Return on Invested Capital exceeding Weighted Average Cost of Capital(2)
​
​
Relative Total Shareholder Return(2)
​
​
(1)
Measure used in the fiscal 2025 annual cash incentive awards for executive officers.
​
(2)
Measure used in the fiscal 2025 PSU awards for executive officers.
       
Total Shareholder Return Amount $ 229.61 218.81 208.95 170.48 157.58
Peer Group Total Shareholder Return Amount 256.14 253.53 218.46 177.3 199.58
Net Income (Loss) $ 240,200,000 $ 498,700,000 $ 770,800,000 $ 692,400,000 $ 193,100,000
Company Selected Measure Amount 624,000,000 900,000,000 1,220,900,000 985,600,000 407,000,000
PEO Name Phil Gallagher        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Operating Income Dollars        
Non-GAAP Measure Description
(4)
The Company’s selected measure, Adjusted Operating Income Dollars (OI$), is a non-GAAP measure and was one of the financial performance metrics used in the fiscal 2025 annual cash incentive plan design for executive officers. Please see Appendix A for information on how this measure was calculated as well as a reconciliation to its most directly comparable GAAP measures.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Return on Working Capital        
Measure:: 3          
Pay vs Performance Disclosure          
Name Market Share (Relative Organic Sales Growth of AVT vs Core Business Competitor)        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative Adjusted Earnings Per Share Growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name Adjusted Return on Invested Capital exceeding Weighted Average Cost of Capital        
Measure:: 6          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Phil Gallagher [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 9,894,132 $ 8,775,978 $ 9,716,827 $ 8,129,900 $ 6,151,987
PEO Actually Paid Compensation Amount 6,640,640 5,540,132 13,428,971 9,883,510 8,577,743
William J Amelio [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 2,910,076
PEO Actually Paid Compensation Amount 377,147
PEO | Phil Gallagher [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (37,429) (34,126) (27,780) (17,711) (23,145)
PEO | Phil Gallagher [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,043 20,469 19,347 21,504 20,475
PEO | Phil Gallagher [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,309,157) (6,572,830) (6,078,268) (4,216,444) (2,858,059)
PEO | Phil Gallagher [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,115,524 4,405,536 6,808,722 4,349,379 4,344,273
PEO | Phil Gallagher [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,089,549 535,110 363,638
PEO | Phil Gallagher [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 914,206 857,801 736,281 624,058 508,172
PEO | Phil Gallagher [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 41,321 (1,912,696) 164,293 457,714 70,402
PEO | Phil Gallagher [Member] | Fair Value Of Awards Forfeited During The Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | William J Amelio [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (88,339)
PEO | William J Amelio [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         196,551
PEO | William J Amelio [Member] | Fair Value Of Awards Forfeited During The Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (2,641,141)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (57,370) (58,509) (63,768) (43,134) (136,997)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 44,340 38,429 53,442 37,909 40,575
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,312,123) (1,114,994) (890,867) (780,055) (739,776)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 273,488 361,411 555,985 402,321 591,136
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,796 (2,111) 224,960 69,871 155,548
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 159,967 141,777 124,990 115,456 136,771
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,079 $ (53,139) 17,562 78,917 51,740
Non-PEO NEO | Fair Value Of Awards Forfeited During The Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ (433,248)