XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
 
(in thousands)
Net sales:
 
 
 
 
 
 
 
Automotive
$
2,164,104

 
$
2,087,978

 
$
4,162,487

 
$
4,020,156

Industrial
1,252,867

 
1,167,395

 
2,484,949

 
2,320,022

Office products
504,401

 
481,605

 
1,023,406

 
958,259

Electrical/electronic materials
204,628

 
184,508

 
389,045

 
360,355

Other
(25,822
)
 
(21,848
)
 
(54,068
)
 
(40,887
)
Total net sales
$
4,100,178

 
$
3,899,638

 
$
8,005,819

 
$
7,617,905

Operating profit:
 
 
 
 
 
 
 
Automotive
$
207,332

 
$
203,572

 
$
359,089

 
$
357,282

Industrial
96,300

 
88,263

 
186,674

 
170,096

Office products
30,091

 
32,640

 
61,210

 
66,844

Electrical/electronic materials
15,533

 
15,987

 
29,168

 
30,828

Total operating profit
349,256

 
340,462

 
636,141

 
625,050

Interest expense, net
(6,878
)
 
(4,665
)
 
(13,052
)
 
(9,487
)
Other intangible assets amortization
(11,434
)
 
(9,225
)
 
(22,240
)
 
(17,985
)
Other, net
(33,807
)
 
(26,520
)
 
(59,937
)
 
(50,881
)
Income before income taxes
$
297,137

 
$
300,052

 
$
540,912

 
$
546,697



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, which is reported as a component of net sales in the Company’s condensed consolidated statements of income and comprehensive income.