Segment and Geographic Information (Tables)

9 Months Ended

Sep. 28, 2024

Segment and Geographic Information

Schedule of reportable segment

Sales, by reportable segment by geographic area, are as follows:

	Quarter Ended				Nine Months Ended
	September 28,		September 30,		September 28,		September 30,
(thousands)	2024		2023		2024		2023
Sales:
Components:
Americas	$	1,638,459	$	1,869,934	$	4,807,991	$	6,169,949
EMEA		1,289,786		1,987,423		4,385,787		6,387,047
Asia/Pacific		2,017,814		2,387,835		5,975,729		7,226,871
Global components	$	4,946,059	$	6,245,192	$	15,169,507	$	19,783,867
ECS:
Americas	$	1,033,115	$	1,015,924	$	2,904,933	$	3,014,544
EMEA		844,145		745,903		2,566,007		2,459,552
Global ECS	$	1,877,260	$	1,761,827	$	5,470,940	$	5,474,096
Consolidated	$	6,823,319	$	8,007,019	$	20,640,447	$	25,257,963

Operating income (loss), by reportable segment, are as follows:

	Quarter Ended				Nine Months Ended
	September 28,		September 30,		September 28,		September 30,
(thousands)	2024		2023		2024		2023
Operating income (loss):
Global components (a)	$	188,600	$	379,053	$	624,363	$	1,177,906
Global ECS (b)		75,614		54,624		249,654		221,951
Corporate (c)		(88,952)		(93,594)		(300,563)		(245,372)
Consolidated	$	175,262	$	340,083	$	573,454	$	1,154,485

(a) Global components operating income includes a reversal of $1.9 million and charges of $10.2 million in inventory write downs related to the wind down of a business for the third quarter and first nine months of 2024. Global components operating income includes $62.2 million in settlement charges recorded as a reduction to operating expense for the third quarter and first nine months of 2023. Refer to Note L for additional information.

(b) For the third quarter and first nine months of 2023, global ECS operating income includes charges of $21.9 million and $25.4 million, respectively, to increase the allowance for credit losses related to one customer. For the first nine months of 2024, global ECS operating income includes a reversal of $20.0 million for aged receivables that were collected, related to the same customer, which was taken during the second quarter of 2024.

(c) Corporate operating loss includes restructuring, integration, and other charges of $34.5 million and $121.9 million for the third quarter and first nine months of 2024, respectively, and $31.4 million and $44.3 million for the third quarter and first nine months of 2023, respectively. Refer to Note I.