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Segment information (Tables)
 12 Months Ended
Jun. 29, 2019
Segment information  
Table of the Company's segments and the related financial information for each

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

    

June 29,

    

June 30,

    

July 1,

 

 

 

2019

 

2018

 

2017

 

 

 

(Millions)

 

Sales:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

18,060.3

 

$

17,543.6

 

$

16,474.1

 

Farnell

 

 

1,458.3

 

 

1,493.3

 

 

965.9

 

 

 

$

19,518.6

 

$

19,036.9

 

$

17,440.0

 

Operating income:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

614.9

 

$

587.3

 

$

661.0

 

Farnell

 

 

159.3

 

 

151.9

 

 

99.8

 

 

 

 

774.2

 

 

739.2

 

 

760.8

 

Corporate (1)

 

 

(78.5)

 

 

(111.5)

 

 

(125.2)

 

Restructuring, integration and other expenses

 

 

(108.1)

 

 

(145.1)

 

 

(137.4)

 

Goodwill impairment

 

 

(137.4)

 

 

(181.4)

 

 

 —

 

Amortization of acquired intangible assets and other

 

 

(84.3)

 

 

(91.9)

 

 

(54.5)

 

 

 

$

365.9

 

$

209.2

 

$

443.7

 

Assets:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

6,795.0

 

$

7,510.1

 

$

7,126.0

 

Farnell

 

 

1,580.3

 

 

1,598.7

 

 

1,489.6

 

Corporate (1)

 

 

189.3

 

 

488.0

 

 

1,084.0

 

 

 

$

8,564.6

 

$

9,596.8

 

$

9,699.6

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

80.1

 

$

127.5

 

$

81.6

 

Farnell

 

 

34.0

 

 

19.1

 

 

15.7

 

Corporate (1)

 

 

8.6

 

 

9.3

 

 

23.1

 

 

 

$

122.7

 

$

155.9

 

$

120.4

 

Depreciation & amortization expense:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

86.6

 

$

133.3

 

$

64.4

 

Farnell

 

 

88.5

 

 

94.5

 

 

53.7

 

Corporate (1)

 

 

5.7

 

 

7.1

 

 

37.3

 

 

 

$

180.8

 

$

234.9

 

$

155.4

 

Sales, by geographic area:

 

 

 

 

 

 

 

 

 

 

Americas(2)

 

$

5,135.8

 

$

5,011.4

 

$

5,163.9

 

EMEA(3)

 

 

6,762.9

 

 

6,790.9

 

 

5,912.9

 

Asia/Pacific(4)

 

 

7,619.9

 

 

7,234.6

 

 

6,363.2

 

 

 

$

19,518.6

 

$

19,036.9

 

$

17,440.0

 

Property, plant and equipment, net, by geographic area:

 

 

 

 

 

 

 

 

 

 

Americas(5)

 

$

213.8

 

$

276.2

 

$

296.1

 

EMEA(6)

 

 

200.4

 

 

204.8

 

 

186.1

 

Asia/Pacific

 

 

38.0

 

 

41.9

 

 

37.4

 

 

 

$

452.2

 

$

522.9

 

$

519.6

 

(1)

Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and Farnell measures of profitability or assets. Corporate amounts represent a reconciling item between segment measures of profitability or assets and total Avnet amounts reported in the consolidated financial statements.

(2)

Includes sales in the United States of $4.80 billion, $4.64 billion and $4.80 billion for fiscal 2019, 2018 and 2017, respectively.

(3)

Includes sales in Germany and Belgium of $2.66 billion and $1.16 billion, respectively, for fiscal 2019. Includes sales in Germany and Belgium of $2.66 billion and $1.08 billion, respectively, for fiscal 2018. Includes sales in Germany and Belgium of $2.29 billion and $930.3 million, respectively, for fiscal 2017.

(4)

Includes sales of $3.20 billion, $2.52 billion and $1.02  billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2019. Includes sales of $2.71 billion, $2.63 billion and $949.5 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2018. Includes sales of $2.18 billion, $2.45 billion and $928.4 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2017.

(5)

Includes property, plant and equipment, net, of $209.9 million, $271.4 million and $289.1 million in the United States for fiscal 2019, 2018 and 2017, respectively.

(6)

Includes property, plant and equipment, net, of $95.2 million, $70.5 million and $25.2 million in Germany, the UK and Belgium, respectively, for fiscal 2019. Fiscal 2018 includes property, plant and equipment, net, of $99.4 million, $52.5 million and $43.4 million in Germany, the UK and Belgium, respectively. Fiscal 2017 includes property, plant and equipment, net, of $85.6 million, $52.1 million in and $39.8 million in Germany, the UK and Belgium, respectively.
Table of the Company's major product categories and the related sales for each

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

    

June 29,

    

June 30,

    

July 1,

 

 

 

2019

 

2018

 

2017

 

 

 

(Millions)

 

Semiconductors

 

$

14,973.3

 

$

14,890.9

 

$

13,537.9

 

Interconnect, passive & electromechanical (IP&E)

 

 

3,516.0

 

 

3,227.0

 

 

2,736.1

 

Computers

 

 

533.1

 

 

461.9

 

 

504.2

 

Other

 

 

496.2

 

 

457.1

 

 

661.8

 

 

 

$

19,518.6

 

$

19,036.9

 

$

17,440.0