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Segment Information
9 Months Ended
Sep. 30, 2012
Segment Information

Note B—Segment Information

 

     Three Months Ended Sept. 30,     Nine Months Ended Sept. 30,  
     2012     2011     2012     2011  
     (in thousands)     (in thousands)  

Net sales:

        

Automotive

   $ 1,650,857      $ 1,611,333      $ 4,789,258      $ 4,601,272   

Industrial

     1,138,854        1,089,826        3,398,801        3,140,855   

Office products

     444,255        447,310        1,283,748        1,297,965   

Electrical/electronic materials

     150,877        143,342        447,433        419,936   

Other

     (9,065     (6,251     (24,338     (15,286
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net sales

   $ 3,375,778      $ 3,285,560      $ 9,894,902      $ 9,444,742   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit:

        

Automotive

   $ 150,648      $ 141,233      $ 418,187      $ 377,927   

Industrial

     94,621        97,191        274,002        248,489   

Office products

     29,942        27,204        98,068        95,975   

Electrical/electronic materials

     13,555        11,138        38,454        30,380   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total operating profit

     288,766        276,766        828,711        752,771   

Interest expense, net

     (4,971     (6,244     (14,705     (18,980

Other, net

     (12,262     (23,422     (47,000     (53,160
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 271,533      $ 247,100      $ 767,006      $ 680,631   
  

 

 

   

 

 

   

 

 

   

 

 

 

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.