XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.2
SUMMARIZED FINANCIAL INFORMATION OF ANIXTER INC. (Tables)
 6 Months Ended
Jun. 28, 2019
Text Block [Abstract]  
CONDENSED CONSOLIDATED BALANCE SHEETS The following summarizes the financial information for Anixter Inc.:
ANIXTER INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)
 
June 28,
2019
 
December 28,
2018
Assets:
 
 
 
 
Current assets
 
$
3,198.3

 
$
3,171.6

Property and equipment, net
 
166.8

 
169.1

Operating leases
 
220.7

 
—

Goodwill
 
838.4

 
832.0

Intangible assets, net
 
377.5

 
392.9

Other assets
 
103.5

 
92.9

 
 
$
4,905.2

 
$
4,658.5

Liabilities and Stockholder's Equity:
 
 
 
 
Current liabilities
 
$
1,535.0

 
$
1,630.3

Long-term debt
 
1,310.2

 
1,260.7

Operating lease obligations
 
171.0

 
—

Other liabilities
 
193.8

 
199.6

Stockholder’s equity
 
1,695.2

 
1,567.9

 
 
$
4,905.2

 
$
4,658.5
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 28,
2019
 
June 29,
2018
 
June 28,
2019
 
June 29,
2018
Net sales
 
$
2,262.6

 
$
2,137.9

 
$
4,371.1

 
$
4,102.1

Operating income
 
$
107.5

 
$
73.2

 
$
183.6

 
$
136.4

Income before income taxes
 
$
87.1

 
$
50.6

 
$
144.5

 
$
97.7

Net income
 
$
65.1

 
$
36.4

 
$
105.5

 
$
69.9

Comprehensive income
 
$
82.9

 
$
11.3

 
$
122.7

 
$
41.8