Segment Data

The Company’s reportable segments consist of automotive, industrial, business products, and electrical/electronic materials. Within the reportable segments, certain of the Company’s operating segments are aggregated since they have similar economic characteristics, products and services, type and class of customers, and distribution methods.

The Company’s automotive segment distributes replacement parts (other than body parts) for substantially all makes and models of automobiles, trucks, and other vehicles.

The Company’s industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies.

The Company’s business products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics.

The Company’s electrical/electronic materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.

Inter-segment sales are not significant. Operating profit for each industry segment is calculated as net sales less operating expenses excluding general corporate expenses, interest expense, and equity in income from investees, amortization, and noncontrolling interests. Approximately $196,200,000, $139,900,000 and $118,800,000 of income before income taxes was generated in jurisdictions outside the United States for the years ended December 31, 2017, 2016, and 2015, respectively. Net sales and net property, plant and equipment by country relate directly to the Company’s operations in the respective country. Corporate assets are principally cash and cash equivalents and headquarters’ facilities and equipment.

For management purposes, 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 that are reported as a component of net sales in the Company’s consolidated statements of income and comprehensive income.



	2017			2016			2015			2014			2013
	(In Thousands)
Net sales:
Automotive	$	8,662,696		$	8,111,511		$	8,015,098		$	8,096,877		$	7,489,186
Industrial	4,966,518			4,634,212			4,646,689			4,771,080			4,429,976
Business products	1,998,946			1,969,405			1,937,629			1,802,754			1,638,618
Electrical/electronic materials	780,928			715,650			750,770			739,119			568,872
Other	(100,287		)	(91,065		)	(70,142		)	(68,183		)	(48,809		)
Total net sales	$	16,308,801		$	15,339,713		$	15,280,044		$	15,341,647		$	14,077,843
Operating profit:
Automotive	$	720,465		$	715,154		$	729,152		$	700,386		$	641,492
Industrial	384,247			336,608			339,180			370,043			320,720
Business products	98,882			117,035			140,866			133,727			122,492
Electrical/electronic materials	56,207			60,539			70,151			64,884			47,584
Total operating profit	1,259,801			1,229,336			1,279,349			1,269,040			1,132,288
Interest expense, net	(38,677		)	(19,525		)	(20,354		)	(24,192		)	(24,330		)
Corporate expense	(159,863		)	(94,601		)	(100,436		)	(90,242		)	(34,667		)
Intangible asset amortization	(51,993		)	(40,870		)	(34,878		)	(36,867		)	(28,987		)
Income before income taxes	$	1,009,268		$	1,074,340		$	1,123,681		$	1,117,739		$	1,044,304
Assets:
Automotive	$	6,140,829		$	4,601,150		$	4,293,290		$	4,275,298		$	4,009,244
Industrial	1,437,125			1,292,063			1,143,952			1,224,735			1,162,697
Business products	859,335			907,119			831,546			835,592			708,944
Electrical/electronic materials	208,146			203,334			191,866			196,400			156,780
Corporate	212,566			281,071			322,323			327,623			353,276
Goodwill and other intangible assets	3,554,380			1,574,663			1,361,794			1,386,590			1,289,356
Total assets	$	12,412,381		$	8,859,400		$	8,144,771		$	8,246,238		$	7,680,297



	2017			2016			2015			2014			2013
	(In Thousands)
Depreciation and amortization:
Automotive	$	71,405		$	65,372		$	70,112		$	77,645		$	76,238
Industrial	10,353			10,371			9,960			9,906			8,751
Business products	11,262			11,398			10,922			10,728			10,166
Electrical/electronic materials	3,093			2,967			2,933			2,658			1,904
Corporate	19,585			16,509			12,870			10,509			7,911
Intangible asset amortization	51,993			40,870			34,878			36,867			28,987
Total depreciation and amortization	$	167,691		$	147,487		$	141,675		$	148,313		$	133,957
Capital expenditures:
Automotive	$	118,181		$	73,339		$	77,504		$	78,537		$	97,735
Industrial	23,267			27,383			13,998			12,442			8,808
Business products	6,726			12,072			12,323			11,135			9,297
Electrical/electronic materials	5,299			5,710			2,824			3,003			1,730
Corporate	3,287			42,139			2,895			2,564			6,493
Total capital expenditures	$	156,760		$	160,643		$	109,544		$	107,681		$	124,063
Net sales:
United States	$	13,293,325		$	12,822,320		$	12,843,078		$	12,565,329		$	11,594,713
Europe	256,364			—			—			—			—
Canada	1,549,915			1,390,979			1,395,695			1,583,075			1,560,799
Australasia	1,185,487			1,104,511			992,064			1,133,620			839,353
Mexico	123,997			112,968			119,349			127,806			131,787
Other	(100,287		)	(91,065		)	(70,142		)	(68,183		)	(48,809		)
Total net sales	$	16,308,801		$	15,339,713		$	15,280,044		$	15,341,647		$	14,077,843
Net property, plant, and equipment:
United States	$	647,386		$	561,164		$	495,073		$	495,452		$	503,882
Europe	96,857			—			—			—			—
Canada	90,857			81,260			79,023			98,939			99,135
Australasia	95,299			79,413			65,289			65,707			60,614
Mexico	6,303			6,287			8,832			10,004			6,430
Total net property, plant, and equipment	$	936,702		$	728,124		$	648,217		$	670,102		$	670,061