Segment Data

The Company’s reportable segments consist of automotive, industrial, office products, and electrical/electronic materials. Within the reportable segments, certain of the Company’s operating segments are aggregated since they have similar economic characteristics, products and services, type and class of customers, and distribution methods.

The Company’s automotive segment distributes replacement parts (other than body parts) for substantially all makes and models of automobiles, trucks, and other vehicles.

The Company’s industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies.

The Company’s office products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics.

The Company’s electrical/electronic materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.

Inter-segment sales are not significant. Operating profit for each industry segment is calculated as net sales less operating expenses excluding general corporate expenses, interest expense, and equity in income from investees, amortization, and noncontrolling interests. Approximately $139,900,000, $118,800,000 and $138,900,000 of income before income taxes was generated in jurisdictions outside the United States for the years ended December 31, 2016, 2015, and 2014, respectively. Net sales and net property, plant and equipment by country relate directly to the Company’s operations in the respective country. Corporate assets are principally cash and cash equivalents and headquarters’ facilities and equipment.

For management purposes, net sales by segment exclude the effect of certain discounts, incentives, and freight billed to customers. The line item “other” represents the net effect of the discounts, incentives, and freight billed to customers that are reported as a component of net sales in the Company’s consolidated statements of income and comprehensive income.



	2016			2015			2014			2013			2012
	(In Thousands)
Net sales:
Automotive	$	8,111,511		$	8,015,098		$	8,096,877		$	7,489,186		$	6,320,882
Industrial	4,634,212			4,646,689			4,771,080			4,429,976			4,453,574
Office products	1,969,405			1,937,629			1,802,754			1,638,618			1,686,690
Electrical/electronic materials	715,650			750,770			739,119			568,872			582,820
Other	(91,065		)	(70,142		)	(68,183		)	(48,809		)	(30,098		)
Total net sales	$	15,339,713		$	15,280,044		$	15,341,647		$	14,077,843		$	13,013,868
Operating profit:
Automotive	$	715,154		$	729,152		$	700,386		$	641,492		$	540,678
Industrial	336,608			339,180			370,043			320,720			352,119
Office products	117,035			140,866			133,727			122,492			134,441
Electrical/electronic materials	60,539			70,151			64,884			47,584			50,910
Total operating profit	1,229,336			1,279,349			1,269,040			1,132,288			1,078,148
Interest expense, net	(19,525		)	(20,354		)	(24,192		)	(24,330		)	(19,619		)
Corporate expense	(94,601		)	(100,436		)	(90,242		)	(34,667		)	(26,606		)
Intangible asset amortization	(40,870		)	(34,878		)	(36,867		)	(28,987		)	(12,991		)
Income before income taxes	$	1,074,340		$	1,123,681		$	1,117,739		$	1,044,304		$	1,018,932
Assets:
Automotive	$	4,601,150		$	4,293,290		$	4,275,298		$	4,009,244		$	3,411,252
Industrial	1,292,063			1,143,952			1,224,735			1,162,697			1,130,877
Office products	907,119			831,546			835,592			708,944			731,564
Electrical/electronic materials	203,334			191,866			196,400			156,780			137,237
Corporate	281,071			322,323			327,623			353,276			898,292
Goodwill and other intangible assets	1,574,663			1,361,794			1,386,590			1,289,356			497,839
Total assets	$	8,859,400		$	8,144,771		$	8,246,238		$	7,680,297		$	6,807,061



	2016			2015			2014			2013			2012
	(In Thousands)
Depreciation and amortization:
Automotive	$	65,372		$	70,112		$	77,645		$	76,238		$	60,630
Industrial	10,371			9,960			9,906			8,751			8,307
Office products	11,398			10,922			10,728			10,166			10,837
Electrical/electronic materials	2,967			2,933			2,658			1,904			1,733
Corporate	16,509			12,870			10,509			7,911			3,885
Intangible asset amortization	40,870			34,878			36,867			28,987			12,991
Total depreciation and amortization	$	147,487		$	141,675		$	148,313		$	133,957		$	98,383
Capital expenditures:
Automotive	$	73,339		$	77,504		$	78,537		$	97,735		$	67,482
Industrial	27,383			13,998			12,442			8,808			13,015
Office products	12,072			12,323			11,135			9,297			16,013
Electrical/electronic materials	5,710			2,824			3,003			1,730			1,029
Corporate	42,139			2,895			2,564			6,493			4,448
Total capital expenditures	$	160,643		$	109,544		$	107,681		$	124,063		$	101,987
Net sales:
United States	$	12,822,320		$	12,843,078		$	12,565,329		$	11,594,713		$	11,299,291
Canada	1,390,979			1,395,695			1,583,075			1,560,799			1,616,921
Australasia	1,104,511			992,064			1,133,620			839,353			—
Mexico	112,968			119,349			127,806			131,787			127,754
Other	(91,065		)	(70,142		)	(68,183		)	(48,809		)	(30,098		)
Total net sales	$	15,339,713		$	15,280,044		$	15,341,647		$	14,077,843		$	13,013,868
Net property, plant, and equipment:
United States	$	561,164		$	495,073		$	495,452		$	503,882		$	466,473
Canada	81,260			79,023			98,939			99,135			93,496
Australasia	79,413			65,289			65,707			60,614			—
Mexico	6,287			8,832			10,004			6,430			6,396
Total net property, plant, and equipment	$	728,124		$	648,217		$	670,102		$	670,061		$	566,365