BUSINESS SEGMENTS

3 Months Ended

Mar. 29, 2019

Anixter is a leading distributor of enterprise cabling and security solutions, electrical and electronic wire and cable solutions and utility power solutions. The Company has identified NSS, EES and UPS as reportable segments. Within its segments, the Company is also organized by geographies. Anixter's geographies consist of North America, which includes the U.S. and Canada, EMEA, which includes Europe, the Middle East and Africa, and Emerging Markets, which includes Asia Pacific and Central and Latin America.

Corporate expenses are incurred to obtain and coordinate financing, tax, information technology, legal and other related services, certain of which were rebilled to subsidiaries. The Company also has various corporate assets which are reported in corporate. Segment assets may not include jointly used assets, but segment results include depreciation expense or other allocations related to those assets as such allocation is made for internal reporting. Interest expense and other non-operating items are not allocated to the segments or reviewed on a segment basis.

The categorization of net sales by end market is determined using a variety of data points including the technical characteristic of the product, the "sold to" customer information, the "ship to" customer information and the end customer product or application into which product will be incorporated. Anixter also has largely specialized its sales organization by segment. As data systems for capturing and tracking this data evolve and improve, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies net sales by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.

Segment Financial Information

Segment information for the three months ended March 29, 2019 and March 30, 2018 was as follows:



(In millions)
First Quarter of 2019	NSS		EES		UPS		Corporate			Total
Net sales	$	1,112.5	$	566.0	$	430.0	$	—		$	2,108.5
Operating income (losses)	70.9		29.1		18.5		(43.9		)	74.6



First Quarter of 2018	NSS		EES		UPS		Corporate			Total
Net sales	$	994.8	$	568.4	$	401.0	$	—		$	1,964.2
Operating income (losses)	53.5		31.4		16.4		(39.7		)	61.6

Geographic Information

The following table summarizes net sales by geographic areas for the three months ended March 29, 2019 and March 30, 2018:



	Three Months Ended
(In millions)	March 29, 2019		March 30, 2018
Net sales
North America	$	1,697.8	$	1,612.4
EMEA	152.5		168.6
Emerging Markets	258.2		183.2
Total net sales	$	2,108.5	$	1,964.2

Goodwill Assigned to Segments

The following table presents the changes in goodwill allocated to the Company's reporting units during the three months ended March 29, 2019:



(In millions)	NSS		EES		UPS		Total
Balance as of December 28, 2018	$	472.7	$	180.9	$	178.4	$	832.0
Acquisition related	0.2		—		—		0.2
Foreign currency translation	1.1		0.1		1.5		2.7
Balance as of March 29, 2019	$	474.0	$	181.0	$	179.9	$	834.9