Anixter is a leading distributor of network 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. Intercompany transactions are not significant. No customer accounted for more than 3% of sales in 2019.

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.


(In millions)
2019	NSS		EES		UPS		Corporate (a)		Total
Net sales	$	4,696.2	$	2,352.0	$	1,797.4	$	—	$	8,845.6
Operating income (loss)	325.5		139.5		83.5		(181.0)		367.5
Depreciation	9.4		7.3		3.7		16.8		37.2
Amortization of intangible assets	16.4		5.4		13.2		—		35.0
Total assets	2,224.8		1,085.2		943.6		555.2		4,808.9
Capital expenditures	3.1		1.7		14.6		20.6		40.0


2018	NSS		EES		UPS		Corporate (a)		Total
Net sales	$	4,347.0	$	2,342.7	$	1,710.5	$	—	$	8,400.2
Operating income (loss)	272.2		132.3		75.4		(170.2)		309.7
Depreciation	3.8		2.4		3.6		21.9		31.7
Amortization of intangible assets	17.0		7.0		13.3		—		37.3
Total assets	2,319.3		1,097.4		905.5		330.9		4,653.1
Capital expenditures	8.7		2.0		6.7		25.0		42.4


2017	NSS		EES		UPS		Corporate (a)		Total
Net sales	$	4,114.4	$	2,225.5	$	1,587.5	$	—	$	7,927.4
Operating income (loss)	262.6		114.3		73.1		(137.1)		312.9
Depreciation	3.1		2.4		3.9		18.8		28.2
Amortization of intangible assets	14.4		8.4		13.3		—		36.1
Total assets	1,947.1		1,068.3		871.4		365.4		4,252.2
Capital expenditures	3.7		1.9		1.7		33.8		41.1

(a)Corporate "Total assets" primarily consists of cash and cash equivalents, deferred tax assets, and corporate fixed assets. Total assets in 2019 include the impact of the Company's adoption of ASU 2016-02, Leases, which resulted in the recognition of right-of-use assets for all leases with terms of more than 12 months.

The items impacting operating expense and operating income by segment in 2019, 2018 and 2017 are reflected in the tables below. All other items impacted consolidated results only and were not allocated to segments.


	Year Ended January 3, 2020
(In millions)	NSS		EES		UPS		Corporate		Total
Amortization of intangible assets	$	(16.4)	$	(5.4)	$	(13.2)	$	—	$	(35.0)
Merger costs	—		—		—		(12.8)		(12.8)
Restructuring charge	—		(0.5)		0.1		0.4		—
Acquisition and integration costs	—		—		—		0.3		0.3
Total of items impacting operating expense and operating income	$	(16.4)	$	(5.9)	$	(13.1)	$	(12.1)	$	(47.5)


	Year Ended December 28, 2018
(In millions)	NSS		EES		UPS		Corporate		Total
Amortization of intangible assets	$	(17.0)	$	(7.0)	$	(13.3)	$	—	$	(37.3)
Restructuring charge	(2.1)		(1.3)		(0.7)		(5.3)		(9.4)
Acquisition and integration costs	(2.6)		—		—		(0.3)		(2.9)
CEO retirement agreement expense	—		—		—		(2.6)		(2.6)
U.K. facility relocation costs	(0.2)		(0.8)		—		—		(1.0)
Total of items impacting operating expense and operating income	$	(21.9)	$	(9.1)	$	(14.0)	$	(8.2)	$	(53.2)


	Year Ended December 29, 2017
(In millions)	NSS		EES		UPS		Corporate		Total
Amortization of intangible assets	$	(14.4)	$	(8.4)	$	(13.3)	$	—	$	(36.1)
Restructuring charge	—		0.5		(0.1)		(0.4)		—
Acquisition and integration costs	—		—		—		(2.3)		(2.3)
Impairment of intangible assets	(5.7)		—		—		—		(5.7)
Total of items impacting operating expense and operating income	$	(20.1)	$	(7.9)	$	(13.4)	$	(2.7)	$	(44.1)

The Company attributes foreign sales based on the location of the customer purchasing the product. In North America (U.S. and Canada), sales in the U.S. were $6,294.6 million, $6,004.7 million and $5,771.5 million in 2019, 2018 and 2017, respectively. Canadian sales were $858.0 million, $837.4 million and $772.5 million in 2019, 2018 and 2017 respectively. No other individual foreign country’s net sales within EMEA or the Emerging Markets were material in 2019, 2018 and 2017. The Company's tangible long-lived assets primarily consist of $147.9 million of property and equipment in the U.S. No other individual foreign country’s tangible long-lived assets are material.


	Years Ended
(In millions)	January 3, 2020						December 28, 2018						December 29, 2017
Sales	Net Sales		% of Total Net Sales		Net Sales		% of Total Net Sales		Net Sales		% of Total Net Sales
North America	$	7,152.6	80.9	%	$	6,842.1	81.5	%	$	6,544.0	82.5	%
EMEA	625.5		7.0	%	660.3		7.8	%	626.3		7.9	%
Emerging Markets	1,067.5		12.1	%	897.8		10.7	%	757.1		9.6	%
Net sales	$	8,845.6	100.0	%	$	8,400.2	100.0	%	$	7,927.4	100.0	%

The following table summarizes total assets and net property and equipment by geographic areas for the years ended January 3, 2020 and December 28, 2018:


(In millions)	January 3, 2020		December 28, 2018
Total assets
North America	$	3,861.1	$	3,709.4
EMEA	299.2		302.2
Emerging Markets	648.6		641.5
Total assets	$	4,808.9	$	4,653.1


(In millions)	January 3, 2020		December 28, 2018
Net property and equipment
North America	$	156.2	$	144.2
EMEA	9.5		9.7
Emerging Markets	9.2		9.4
Net property and equipment	$	174.9	$	163.3


(In millions)	NSS		EES		UPS		Total
Balance as of December 29, 2017	$	408.8	$	181.7	$	187.6	$	778.1
Acquisition related ^(a)	73.2		—		—		73.2
Foreign currency translation and other	(9.3)		(0.8)		(9.2)		(19.3)
Balance as of December 28, 2018	$	472.7	$	180.9	$	178.4	$	832.0
Acquisition related ^(a)	0.2		—		—		0.2
Foreign currency translation and other	(9.3)		0.4		5.4		(3.5)
Balance as of January 3, 2020	$	463.6	$	181.3	$	183.8	$	828.7

(a) In the second quarter of 2018, the Company completed the acquisition of security businesses in Australia and New Zealand for $150.1 million, including a preliminary net working capital adjustment of $4.6 million. The transaction was financed primarily from borrowings under the revolving lines of credit. The purchase price was preliminarily allocated to $32.6 million of working capital and $60.6 million of intangible assets during the year ended 2018. Acquisition costs were $2.6 million. The year ended 2018 results include approximately $71.9 million of sales from the acquired entities. The purchase price allocation was finalized in 2019.