Segment information

12 Months Ended

Jun. 27, 2015

Segment information

Segment information

16. Segment information

Electronics Marketing (“EM”) and Technology Solutions (“TS”) are the Company’s reportable segments (“operating groups”). EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products to a diverse customer base serving many end-markets. TS focuses on the value-added distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the world’s foremost technology manufacturers. TS also provides the latest hard disk drives, microprocessor, motherboard and DRAM module technologies to manufacturers of general-purpose computers and system builders.

	Years Ended
	June 27,		June 28,		June 29,
	2015		2014		2013
	(Millions)
Sales:
Electronics Marketing	$	17,344.7	$	16,544.4	$	15,094.4
Technology Solutions		10,580.0		10,955.3		10,364.5
	$	27,924.7	$	27,499.7	$	25,458.9
Operating income (loss):
Electronics Marketing	$	797.4	$	747.9	$	635.7
Technology Solutions		325.7		317.8		299.1
Corporate		(150.6)		(134.4)		(126.9)
		972.5		931.3		807.9
Restructuring, integration and other expenses (Note 17)		(90.8)		(94.6)		(149.5)
Amortization of acquired intangible assets and other		(54.0)		(46.8)		(32.4)
	$	827.7	$	789.9	$	626.0
Assets:
Electronics Marketing	$	6,497.7	$	6,840.2	$	6,316.3
Technology Solutions		3,609.0		4,140.2		3,838.4
Corporate		693.3		275.1		320.0
	$	10,800.0	$	11,255.5	$	10,474.7
Capital expenditures:
Electronics Marketing	$	99.0	$	38.0	$	24.1
Technology Solutions		42.1		43.8		26.6
Corporate		33.3		41.4		46.7
	$	174.4	$	123.2	$	97.4
Depreciation & amortization expense:
Electronics Marketing	$	45.2	$	48.8	$	51.8
Technology Solutions		65.1		59.0		47.3
Corporate		37.0		29.4		21.6
	$	147.3	$	137.2	$	120.7
Sales, by geographic area:
Americas(1)	$	11,144.0	$	10,929.5	$	10,716.6
EMEA(2)		7,876.2		8,246.1		7,277.9
Asia/Pacific(3)		8,904.5		8,324.1		7,464.4
	$	27,924.7	$	27,499.7	$	25,458.9
Property, plant and equipment, net, by geographic area:
Americas(4)	$	358.1	$	306.2	$	283.0
EMEA(5)		182.3		199.4		177.9
Asia/Pacific		28.4		29.4		31.7
	$	568.8	$	535.0	$	492.6

(1) Includes sales in the United States of $9.96 billion, $9.68 billion and $9.43 billion for fiscal 2015, 2014 and 2013, respectively.

(2) Includes sales in Germany and the United Kingdom of $2.93billion and $1.46 billion, respectively, for fiscal 2015. Includes sales in Germany and the United Kingdom of $3.31 billion and $1.36 billion, respectively, for fiscal 2014. Includes sales in Germany and the United Kingdom of $2.78 billion and $1.22 billion, respectively, for fiscal 2013.

(3) Includes sales of $3.42 billion, $2.84 billion and $1.18 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2015. Includes sales of $2.63 billion, $2.93 billion and $1.19 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2014. Includes sales of $2.28 billion, $2.44 billion and $1.16 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2013.

(4) Includes property, plant and equipment, net, of $352.2 million, $298.1 million and $273.4 million in the United States for fiscal 2015, 2014 and 2013, respectively.

(5) Includes property, plant and equipment, net, of $74.2 million and $74.7 million in Germany and Belgium, respectively, for fiscal 2015. Fiscal 2014 includes property, plant and equipment, net, of $95.5 million in Germany and $61.0 million in Belgium. Fiscal 2013 includes property, plant and equipment, net, of $92.7 million in Germany and $45.1 million in Belgium.

Listed in the table below are the Company’s major product categories and the related sales for each of the past three fiscal years:

	Years Ended
	June 27,		June 28,		June 29,
	2015		2014		2013
	(Millions)
Semiconductors	$	15,715.8	$	14,558.4	$	13,720.8
Computer products		9,614.2		10,571.6		9,346.0
Connectors, passives, electromechanical and other		2,594.7		2,369.7		2,392.1
	$	27,924.7	$	27,499.7	$	25,458.9

Certain prior year product sales have been reclassified into different product categories to conform to the fiscal 2015 product categorization.