SUMMARIZED FINANCIAL INFORMATION OF ANIXTER INC. (Tables)

6 Months Ended

Jun. 30, 2017

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CONDENSED CONSOLIDATED BALANCE SHEETS

The following summarizes the financial information for Anixter Inc.:

ANIXTER INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)	June 30, 2017		December 30, 2016
Assets:
Current assets	$	2,796.1	$	2,688.3
Property, equipment and capital leases, net	155.3		148.4
Goodwill	771.4		764.6
Intangible assets, net	400.2		415.4
Other assets	87.8		84.8
	$	4,210.8	$	4,101.5
Liabilities and Stockholder's Equity:
Current liabilities	$	1,319.6	$	1,264.9
Subordinated notes payable to parent	—		0.7
Long-term debt	1,341.8		1,390.1
Other liabilities	156.1		156.8
Stockholder’s equity	1,393.3		1,289.0
	$	4,210.8	$	4,101.5

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

ANIXTER INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Three Months Ended					Six Months Ended
(In millions)	June 30, 2017		July 1, 2016			June 30, 2017		July 1, 2016
Net sales	$	2,001.4	$	1,955.7		$	3,897.2	$	3,771.9
Operating income	$	84.6	$	58.2		$	155.2	$	120.1
Income from continuing operations before income taxes	$	65.4	$	37.4		$	116.7	$	76.1
Net loss from discontinued operations	$	—	$	(0.3	)	$	—	$	(0.7	)
Net income	$	41.2	$	21.2		$	72.9	$	44.8
Comprehensive income	$	51.0	$	23.0		$	97.7	$	65.9