XML 32 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Segment and Geographic Information
 9 Months Ended
Sep. 26, 2020
Segment Reporting [Abstract]  
Segment and Geographic Information [Text Block] Segment and Geographic Information
The company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company distributes electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers and managed service providers through its global ECS business segment. As a result of the company’s philosophy of maximizing operating efficiencies through the centralization of certain functions, selected fixed assets and related depreciation, as well as borrowings, are not directly attributable to the individual operating segments and are included in the corporate business segment.

Sales, by segment by geographic area, are as follows:
 Quarter EndedNine Months Ended
 September 26,
2020		September 28,
2019		September 26,
2020		September 28,
2019
Components:
Americas$1,515,962 $1,738,710 $4,557,661 $5,522,538 
EMEA1,196,672 1,304,109 3,625,079 4,223,363 
Asia/Pacific2,595,103 2,006,061 6,396,853 5,765,841 
Global components$5,307,737 $5,048,880 $14,579,593 $15,511,742 
ECS:
Americas$1,273,791 $1,418,914 $3,625,735 $3,992,277 
EMEA649,732 610,324 2,013,843 2,074,638 
Global ECS$1,923,523 $2,029,238 $5,639,578 $6,066,915 
Consolidated (a)$7,231,260 $7,078,118 $20,219,171 $21,578,657 

(a)Includes sales related to the United States of $2,524,988 and $7,400,960 for the third quarter and first nine months of 2020 and $2,875,687 and $8,560,115 for the third quarter and first nine months 2019, respectively.

Operating income (loss), by segment, are as follows:
 Quarter EndedNine Months Ended
 September 26,
2020		September 28,
2019		September 26,
2020		September 28,
2019
Operating income (loss):  
Global components (a)$203,603 $171,591 $550,206 $(159,993)
Global ECS (b)82,529 92,375 197,883 277,481 
Corporate (c)(47,950)(90,748)(174,990)(247,900)
Consolidated$238,182 $173,218 $573,099 $(130,412)

(a)Global components operating income includes impairments of $253 and $698,246 for the third quarter and first nine months of 2019, respectively. Also included are non-recurring charges of $1,101 and $21,215 in the third quarter and first nine months of 2019, respectively, related to a subset of inventory held by its digital business and a non-recurring charge (credit) of $(664) and $15,187 in the third quarter and first nine months of 2019, respectively, related to the receivables and inventory of its financing solutions business. During 2019, the company made the decision to narrow its digital inventory offerings and no longer provide notes to its components customers. Also included are restructuring, integration, and other charges of $12,034 and a loss on disposition of businesses, net of $14,573 for the third quarter and first nine months of 2019.
(b)Global ECS operating income for the first nine months of 2020 includes reserves and other adjustments of approximately $29,858 primarily related to foreign tax and other loss contingencies. These reserves are principally associated with transactional taxes on activity from several prior years, not significant to any one year. Global ECS operating income for the first nine months of 2020 also includes $4,918 in impairment charges related to various long-lived assets.

(c)Corporate operating income includes restructuring, integration, and other charges (credits) of $(2,840) and $6,948 for the third quarter and first nine months of 2020, respectively, and $2,305 of impairment charges related to various long-lived assets for the third quarter and first nine months of 2020. Includes restructuring, integration, and other charges of $31,086 and $62,658 for the third quarter and first nine months 2019, respectively. Also included in the first nine months of 2019 was a net loss on disposition of businesses of $866.


Total assets, by segment, is as follows:
 September 26,
2020		December 31,
2019
Global components$10,290,291 $10,253,006 
Global ECS4,514,397 5,479,919 
Corporate691,945 667,871 
Consolidated$15,496,633 $16,400,796 

Net property, plant, and equipment, by geographic area, is as follows:
 September 26,
2020		December 31,
2019
Americas (a)$545,680 $594,357 
EMEA190,789 157,550 
Asia/Pacific57,386 51,203 
Consolidated$793,855 $803,110 

(a)Includes net property, plant, and equipment related to the United States of $543,866 and $591,818 at September 26, 2020 and December 31, 2019, respectively.