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Segment Information
6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Segment Information

Note B – Segment Information

 

                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2012     2011     2012     2011  
    (in thousands)     (in thousands)  

Net sales:

                               

Automotive

  $ 1,644,902     $ 1,585,074     $ 3,138,401     $ 2,989,939  

Industrial

    1,138,724       1,051,258       2,259,947       2,051,029  

Office products

    413,340       417,989       839,493       850,655  

Electrical/electronic materials

    149,440       136,780       296,556       276,594  

Other

    (8,570     (6,117     (15,273     (9,035
   

 

 

   

 

 

   

 

 

   

 

 

 

Total net sales

  $ 3,337,836     $ 3,184,984     $ 6,519,124     $ 6,159,182  
   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit:

                               

Automotive

  $ 152,978     $ 138,795     $ 267,539     $ 236,694  

Industrial

    95,053       85,289       179,381       151,298  

Office products

    30,611       31,367       68,126       68,771  

Electrical/electronic materials

    12,933       9,172       24,899       19,242  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating profit

    291,575       264,623       539,945       476,005  

Interest expense, net

    (5,019     (6,236     (9,734     (12,736

Other, net

    (19,251     (16,836     (34,738     (29,738
   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

  $ 267,305     $ 241,551     $ 495,473     $ 433,531  
   

 

 

   

 

 

   

 

 

   

 

 

 

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.