Segment information

3 Months Ended

Sep. 28, 2019

13. Segment information

Electronic Components (“EC”) and Farnell (“Farnell”) are the Company’s reportable segments (“operating groups”). EC markets and sells semiconductors and interconnect, passive and electromechanical devices and integrated components to a diverse customer base serving many end-markets. Farnell distributes electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources.


	First Quarters Ended
	September 28,		September 29,
	2019		2018
	(Thousands)
Sales:
Electronic Components	$	4,294,187	$	4,710,825
Farnell		335,822		379,054
		4,630,009		5,089,879
Operating income:
Electronic Components	$	112,286	$	161,913
Farnell		21,805		40,793
		134,091		202,706
Corporate ⁽¹⁾		(26,677)		(20,175)
Restructuring, integration and other expenses		(24,598)		(14,788)
Amortization of acquired intangible assets and other		(20,078)		(20,927)
Operating income	$	62,738	$	146,816

Sales, by geographic area:
Americas ⁽²⁾	$	1,215,757	$	1,271,793
EMEA ⁽³⁾		1,470,924		1,714,917
Asia/Pacific ⁽⁴⁾		1,943,328		2,103,169
Sales	$	4,630,009	$	5,089,879

⁽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 from the United States of $1.14 billion and $1.18 billion for the first quarters ended September 28, 2019 and September 29, 2018, respectively.

⁽³⁾	Includes sales from Germany and Belgium of $580.3 million and $277.8 million, respectively, for the first quarter ended September 28, 2019. Includes sales from Germany and Belgium of $685.7 million and $280.1 million, respectively, for the first quarter ended September 29, 2018.

⁽⁴⁾

Includes sales from China (including Hong Kong), Taiwan and Singapore of $623.5 million, $870.4 million and $239.6 million, respectively, for the first quarter ended September 28, 2019. Includes sales from China (including Hong Kong), Taiwan and Singapore of $693.1 million, $888.7 million and $280.4 million, respectively, for the first quarter ended September 29, 2018.


	September 28,		June 29,
	2019		2019
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	208,925	$	213,802
EMEA ⁽²⁾		192,338		200,379
Asia/Pacific		36,204		37,990
Property, plant, and equipment, net	$	437,467	$	452,171

⁽¹⁾	Includes property, plant and equipment, net, of $205.4 million and $209.9 million as of September 28, 2019, and June 29, 2019, respectively, in the United States.

⁽²⁾	Includes property, plant and equipment, net, of $87.3 million, $72.0 million and $23.5 million in Germany, the UK and Belgium, respectively, as of September 28, 2019; and $95.2 million, $70.5 million and $25.2 million in Germany, the UK and Belgium, respectively, as of June 29, 2019.