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Segment Information
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information

Note B – Segment Information

 

     Three Months Ended June 30,     Six Months Ended June 30,  
     2014     2013     2014     2013  
     (in thousands)     (in thousands)  

Net sales:

        

Automotive

   $ 2,110,396      $ 2,011,802      $ 4,008,911      $ 3,556,339   

Industrial

     1,209,235        1,132,032        2,352,509        2,234,112   

Office products

     418,785        402,272        836,883        822,400   

Electrical/electronic materials

     188,034        142,970        368,365        282,155   

Other

     (18,063     (13,079     (33,384     (20,207
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net sales

   $ 3,908,387      $ 3,675,997      $ 7,533,284      $ 6,874,799   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit:

        

Automotive

   $ 206,683      $ 186,382      $ 356,793      $ 307,425   

Industrial

     95,428        88,891        178,478        167,786   

Office products

     31,183        29,768        65,129        62,960   

Electrical/electronic materials

     16,463        12,221        31,992        22,672   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total operating profit

     349,757        317,262        632,392        560,843   

Interest expense, net

     (6,224     (7,852     (12,430     (11,205

Other intangible assets amortization

     (8,498     (8,986     (17,374     (12,761

Other, net

     (24,855     14,304        (48,436     (12
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 310,180      $ 314,728      $ 554,152      $ 536,865   
  

 

 

   

 

 

   

 

 

   

 

 

 

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.