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Segment Information
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information

Note B – Segment Information

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2015      2014      2015      2014  
     (in thousands)      (in thousands)  

Net sales:

           

Automotive

   $ 2,103,126       $ 2,110,396       $ 4,001,634       $ 4,008,911   

Industrial

     1,188,031         1,209,235         2,369,854         2,352,509   

Office products

     477,755         418,785         968,053         836,883   

Electrical/electronic materials

     194,701         188,034         376,747         368,365   

Other

     (23,212      (18,063      (39,836      (33,384
  

 

 

    

 

 

    

 

 

    

 

 

 

Total net sales

   $ 3,940,401       $ 3,908,387       $ 7,676,452       $ 7,533,284   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profit:

           

Automotive

   $ 207,443       $ 206,683       $ 358,084       $ 356,793   

Industrial

     88,876         95,428         176,645         178,478   

Office products

     34,501         31,183         71,025         65,129   

Electrical/electronic materials

     18,568         16,463         34,031         31,992   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total operating profit

     349,388         349,757         639,785         632,392   

Interest expense, net

     (5,674      (6,224      (11,001      (12,430

Other intangible assets amortization

     (8,796      (8,498      (17,400      (17,374

Other, net

     (24,801      (24,855      (49,886      (48,436
  

 

 

    

 

 

    

 

 

    

 

 

 

Income before income taxes

   $ 310,117       $ 310,180       $ 561,498       $ 554,152   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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.