10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 2, 2016

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to 

Commission file number 1-4482

ARROW ELECTRONICS, INC.

(Exact name of registrant as specified in its charter)

New York	11-1806155
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification Number)
9201 East Dry Creek Road, Centennial, Colorado	80112
(Address of principal executive offices)	(Zip Code)

(303) 824-4000

(Registrant's telephone number, including area code)

No Changes

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x   No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x   No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act:

Large accelerated filer x	Accelerated filer o
Non-accelerated filer o  (do not check if a smaller reporting company)	Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o   No x

There were 91,265,987 shares of Common Stock outstanding as of July 29, 2016.

ARROW ELECTRONICS, INC.

INDEX

Part I.	Financial Information
	Item 1.	Financial Statements
		Consolidated Statements of Operations	3
		Consolidated Statements of Comprehensive Income	4
		Consolidated Balance Sheets	5
		Consolidated Statements of Cash Flows	6
		Notes to Consolidated Financial Statements	7
	Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	25
	Item 3.	Quantitative and Qualitative Disclosures about Market Risk	34
	Item 4.	Controls and Procedures	35
Part II.	Other Information
	Item 1A.	Risk Factors	36
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	36
	Item 6.	Exhibits	37
Signature			38

2

PART I.  FINANCIAL INFORMATION

Item 1.     Financial Statements

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except per share data)

(Unaudited)

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Sales	$	5,972,101	$	5,829,989	$	11,446,278	$	10,832,374
Costs and expenses:
Cost of sales	5,173,310		5,061,394		9,898,589		9,378,457
Selling, general, and administrative expenses	518,704		504,754		1,024,517		959,284
Depreciation and amortization	40,389		39,751		81,322		76,913
Restructuring, integration, and other charges	16,106		17,147		36,894		33,343
	5,748,509		5,623,046		11,041,322		10,447,997
Operating income	223,592		206,943		404,956		384,377
Equity in earnings of affiliated companies	2,227		1,903		4,083		3,216
Interest and other financing expense, net	39,024		34,696		74,599		65,550
Other expense, net	—		1,500		—		2,435
Income before income taxes	186,795		172,650		334,440		319,608
Provision for income taxes	51,457		47,967		92,510		88,834
Consolidated net income	135,338		124,683		241,930		230,774
Noncontrolling interests	1,068		751		1,425		784
Net income attributable to shareholders	$	134,270	$	123,932	$	240,505	$	229,990
Net income per share:
Basic	$	1.46	$	1.30	$	2.62	$	2.40
Diluted	$	1.45	$	1.28	$	2.59	$	2.37
Weighted-average shares outstanding:
Basic	91,782		95,638		91,647		95,776
Diluted	92,693		96,649		92,771		96,874

See accompanying notes.

3

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(Unaudited)

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Consolidated net income	$	135,338		$	124,683		$	241,930		$	230,774
Other comprehensive income:
Foreign currency translation adjustment	(51,510		)	47,727			21,669			(150,660		)
Unrealized gain (loss) on investment securities, net	(2,030		)	2,169			(3,681		)	2,293
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net	93			(230		)	184			693
Employee benefit plan items, net	3,844			882			4,764			1,724
Other comprehensive income (loss)	(49,603		)	50,548			22,936			(145,950		)
Comprehensive income	85,735			175,231			264,866			84,824
Less: Comprehensive income (loss) attributable to noncontrolling interests	(150		)	751			2,215			784
Comprehensive income attributable to shareholders	$	85,885		$	174,480		$	262,651		$	84,040

See accompanying notes.

4

ARROW ELECTRONICS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands except par value)

	July 2, 2016			December 31, 2015
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	495,771		$	273,090
Accounts receivable, net	5,704,633			6,161,418
Inventories, net	2,504,121			2,466,490
Other current assets	331,159			285,473
Total current assets	9,035,684			9,186,471
Property, plant, and equipment, at cost:
Land	23,723			23,547
Buildings and improvements	171,125			162,011
Machinery and equipment	1,322,470			1,250,115
	1,517,318			1,435,673
Less: Accumulated depreciation and amortization	(779,767		)	(735,495		)
Property, plant, and equipment, net	737,551			700,178
Investments in affiliated companies	75,985			73,376
Intangible assets, net	365,603			389,326
Cost in excess of net assets of companies acquired	2,418,958			2,368,832
Other assets	313,025			303,747
Total assets	$	12,946,806		$	13,021,930
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	4,644,655		$	5,192,665
Accrued expenses	701,960			819,463
Short-term borrowings, including current portion of long-term debt	111,259			44,024
Total current liabilities	5,457,874			6,056,152
Long-term debt	2,619,003			2,380,575
Other liabilities	421,048			390,392
Equity:
Shareholders' equity:
Common stock, par value $1:
Authorized - 160,000 shares in both 2016 and 2015
Issued - 125,424 shares in both 2016 and 2015	125,424			125,424
Capital in excess of par value	1,092,323			1,107,314
Treasury stock (34,073 and 34,501 shares in 2016 and 2015, respectively), at cost	(1,475,671		)	(1,480,069		)
Retained earnings	4,914,985			4,674,480
Accumulated other comprehensive loss	(262,560		)	(284,706		)
Total shareholders' equity	4,394,501			4,142,443
Noncontrolling interests	54,380			52,368
Total equity	4,448,881			4,194,811
Total liabilities and equity	$	12,946,806		$	13,021,930

See accompanying notes.

5

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Six Months Ended
	July 2, 2016			June 27, 2015
Cash flows from operating activities:
Consolidated net income	$	241,930		$	230,774
Adjustments to reconcile consolidated net income to net cash provided by operations:
Depreciation and amortization	81,322			76,913
Amortization of stock-based compensation	19,275			22,006
Equity in earnings of affiliated companies	(4,083		)	(3,216		)
Deferred income taxes	27,669			26,506
Excess tax benefits from stock-based compensation arrangements	(4,939		)	(5,842		)
Other	2,954			4,574
Change in assets and liabilities, net of effects of acquired businesses:
Accounts receivable	529,246			1,079,153
Inventories	(22,490		)	(82,825		)
Accounts payable	(606,678		)	(1,020,150		)
Accrued expenses	(114,741		)	(99,366		)
Other assets and liabilities	(38,137		)	(9,089		)
Net cash provided by operating activities	111,328			219,438
Cash flows from investing activities:
Cash consideration paid for acquired businesses	(45,473		)	(470,674		)
Acquisition of property, plant, and equipment	(88,336		)	(68,820		)
Other	(12,000		)	2,008
Net cash used for investing activities	(145,809		)	(537,486		)
Cash flows from financing activities:
Change in short-term and other borrowings	67,611			(3,817		)
Proceeds from long-term bank borrowings, net	233,000			34,400
Net proceeds from note offering	—			688,162
Redemption of notes	—			(254,313		)
Proceeds from exercise of stock options	14,844			14,474
Excess tax benefits from stock-based compensation arrangements	4,939			5,842
Repurchases of common stock	(46,833		)	(156,424		)
Other	(3,000		)	(3,000		)
Net cash provided by financing activities	270,561			325,324
Effect of exchange rate changes on cash	(13,399		)	(7,910		)
Net increase (decrease) in cash and cash equivalents	222,681			(634		)
Cash and cash equivalents at beginning of period	273,090			400,355
Cash and cash equivalents at end of period	$	495,771		$	399,721

See accompanying notes.

6

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIALSTATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

Note A – Basis of Presentation

The accompanying consolidated financial statements of Arrow Electronics, Inc. (the "company") were prepared in accordance with accounting principles generally accepted in the United States and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position and results of operations at and for the periods presented.  The consolidated results of operations for the interim periods are not necessarily indicative of results for the full year.

These consolidated financial statements do not include all of the information or notes necessary for a complete presentation and, accordingly, should be read in conjunction with the company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2015, as filed in the company's Annual Report on Form 10-K.

Quarter End

The company operates on a quarterly calendar that closes on the Saturday closest to the end of the calendar quarter, except for the third quarter of 2015, which closed on September 26, 2015.

Reclassification

Certain prior period amounts were reclassified to conform to the current period presentation.

Note B – Impact of Recently Issued Accounting Standards

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326) ("ASU No. 2016-13"). ASU No. 2016-13 revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. ASU No. 2016-13 is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted, and is to be applied using a modified retrospective approach. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-13.

In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Stock Compensation - Improvements to Employee Share-Based Payment Accounting (Topic 718) ("ASU No. 2016-09"). ASU No. 2016-09 revises the accounting treatment for excess tax benefits, minimum statutory tax withholding requirements, and forfeitures related to share-based awards. ASU No. 2016-09 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted, and is to be applied using either a retrospective or a modified retrospective approach. The adoption of the provisions of ASU No. 2016-09 is not expected to have a material impact on the company's consolidated financial position or results of operations.

In March 2016, the FASB issued Accounting Standards Update No. 2016-06, Derivatives and Hedging - Contingent Put and Call Options in Debt Instruments (Topic 815) ("ASU No. 2016-06"). ASU No. 2016-06 clarifies the steps required to assess whether a call or put option meets the criteria for bifurcation as an embedded derivative. ASU No. 2016-06 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted, and is to be applied using a modified retrospective approach. Effective April 3, 2016, the company adopted the provisions of ASU No. 2016-06. The adoption of the provisions of ASU No. 2016-06 did not materially impact the company's consolidated financial position or results of operations.

In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) ("ASU No. 2016-02"). ASU No. 2016-02 requires the entity to recognize the assets and liabilities for the rights and obligations created by leased assets. Leases will be classified as either finance or operating, with classification affecting expense recognition in the income statement. ASU No. 2016-02 is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted, and is to be applied using a modified retrospective approach. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-02.

In January 2016, the FASB issued Accounting Standards Update No. 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825) ("ASU No. 2016-01"). ASU No. 2016-01 revises the classification and measurement of investments in certain equity investments and the presentation of certain fair value changes for certain financial liabilities measured at fair value. ASU No. 2016-01 requires the change in fair value of many equity investments

7

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

to be recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-01.

In November 2015, the FASB issued Accounting Standards Update No. 2015-17, Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740) ("ASU No. 2015-17"). ASU No. 2015-17 requires deferred tax liabilities and assets to be classified as noncurrent in the consolidated balance sheet. ASU No. 2015-17 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted. ASU No. 2015-17 may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The adoption of the provisions of ASU No. 2015-17 is not expected to have a material impact on the company's consolidated financial position or results of operations.

In July 2015, the FASB issued Accounting Standards Update No. 2015-11, Inventory - Simplifying the Measurement of Inventory (Topic 330) ("ASU No. 2015-11"). ASU No. 2015-11 requires an entity to measure inventory within the scope of the update at the lower of cost and net realizable value, and defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Effective January 1, 2016, the company adopted the provisions of ASU No. 2015-11. The adoption of the provisions of ASU No. 2015-11 did not materially impact the company's consolidated financial position or results of operations.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU No. 2014-09"). ASU No. 2014-09 supersedes all existing revenue recognition guidance. Under ASU No. 2014-09, an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 is effective for interim and annual periods beginning after December 15, 2017, with early application permitted for interim and annual periods beginning after December 15, 2016. ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption. In March, April, and May 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers, Principal versus Agent Considerations (Reporting Revenue Gross versus Net) ("ASU No. 2016-08"); ASU No. 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing ("ASU No. 2016-10"); and ASU No. 2016-12, Revenue from Contracts with Customers, Narrow-Scope Improvements and Practical Expedients ("ASU No. 2016-12"), respectively. ASU No. 2016-08, ASU No. 2016-10, and ASU No. 2016-12 provide supplemental adoption guidance and clarification to ASU No. 2014-09, and must be adopted concurrently with the adoption of ASU No. 2014-09. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2014-09, ASU No. 2016-08, ASU No. 2016-10, and ASU No. 2016-12.

Note C – Acquisitions

2016 Acquisitions

During the first six months of 2016, the company completed two acquisitions for $44,591, net of cash acquired. The impact of these acquisitions was not material to the company's consolidated financial position or results of operations. The pro forma impact of the 2016 acquisitions on the consolidated results of operations of the company for the first six months of 2016 and 2015 as though the acquisitions occurred on January 1 was also not material.

2015 Acquisitions

On March 31, 2015, the company acquired immixGroup, Inc. ("immixGroup"), for a purchase price of $280,454, which included $28,205 of cash acquired. immixGroup is a value-added provider supporting value-added resellers, solution providers, service providers, and other public sector channel partners with specialized resources to accelerate their government sales. immixGroup has operations in North America.

Since the date of the acquisition, immixGroup sales for the first six months of 2016 and 2015 of $225,726 and $96,524, respectively, were included in the company's consolidated results of operations.

8

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

The following table summarizes the allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the immixGroup acquisition:

Accounts receivable, net	$	145,130
Other current assets	24,181
Property, plant, and equipment	1,569
Other assets	5,313
Identifiable intangible assets	46,400
Cost in excess of net assets acquired	183,840
Accounts payable	(136,921		)
Accrued expenses	(11,736		)
Other liabilities	(5,527		)
Cash consideration paid, net of cash acquired	$	252,249

In connection with the immixGroup acquisition, the company allocated $44,000 to customer relationships with a life of 13 years and $2,400 to amortizable trade name with a life of 5 years.

The cost in excess of net assets acquired related to the immixGroup acquisition was recorded in the company's global enterprise computing solutions ("ECS") business segment. The intangible assets related to the immixGroup acquisition are expected to be deductible for income tax purposes.

During 2015, the company completed nine additional acquisitions for an aggregate purchase price of approximately $263,341, net of cash acquired, inclusive of an initial 53.7% acquisition of Data Modul AG, and an additional 3.6% acquired subsequent to the original date of acquisition. The company also assumed $84,487 in debt in connection with these acquisitions. The impact of these acquisitions was not material, individually or in the aggregate, to the company's consolidated financial position or results of operations.

The following table summarizes the company's unaudited consolidated results of operations for the second quarter and first six months of 2015, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2015 acquisitions occurred on January 1:

	Quarter Ended				Six Months Ended
	June 27, 2015				June 27, 2015
	As Reported		Pro Forma		As Reported		Pro Forma
Sales	$	5,829,989	$	5,926,340	$	10,832,374	$	11,229,132
Net income attributable to shareholders	123,932		124,342		229,990		232,717
Net income per share:
Basic	$	1.30	$	1.30	$	2.40	$	2.43
Diluted	$	1.28	$	1.29	$	2.37	$	2.40

The unaudited pro forma consolidated results of operations do not purport to be indicative of the results obtained had these acquisitions occurred as of the beginning of 2015, or of those results that may be obtained in the future. Additionally, the above table does not reflect any anticipated cost savings or cross-selling opportunities expected to result from these acquisitions.

Note D – Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net

Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist.

9

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows:

	Global Components		Global ECS		Total
Balance as of December 31, 2015 (a)	$	1,230,832	$	1,138,000	$	2,368,832
Acquisitions and related adjustments	2,224		39,613		41,837
Foreign currency translation adjustment	2,359		5,930		8,289
Balance as of July 2, 2016 (a)	$	1,235,415	$	1,183,543	$	2,418,958

(a) The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

Intangible assets, net, are comprised of the following as of July 2, 2016:

	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	494,506		(238,118		)	256,388
Developed technology	5 years	14,199		(10,203		)	3,996
Other intangible assets	(b)	7,903		(3,684		)	4,219
		$	617,608	$	(252,005	)	$	365,603

(b) Consists of non-competition agreements, sales backlog, and an amortizable trade name with useful lives ranging from two to five years.

Intangible assets, net, are comprised of the following as of December 31, 2015:

	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	498,319		(215,263		)	283,056
Developed technology	5 years	13,154		(7,894		)	5,260
Other intangible assets	(c)	917		(907		)	10
		$	613,390	$	(224,064	)	$	389,326

(c) Consists of non-competition agreements with useful lives ranging from two to three years.

During the second quarters of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $14,446 and $13,917, respectively.

During the first six months of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $27,359 and $25,024, respectively.

Note E – Investments in Affiliated Companies

The company owns a 50% interest in several joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and a 50% interest in Arrow Altech Holdings (Pty.) Ltd ("Altech Industries"), a joint venture with Allied Technologies Limited. As a result of one of the company's 2015 acquisitions, the company acquired a 50% interest in two immaterial joint ventures which are included in "Other" in the tables below. These investments are accounted for using the equity method.

10

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

The following table presents the company's investment in the following joint ventures:

	July 2, 2016		December 31, 2015
Marubun/Arrow	$	64,042	$	62,530
Altech Industries	9,311		8,261
Other	2,632		2,585
	$	75,985	$	73,376

The equity in earnings of affiliated companies consists of the following:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Marubun/Arrow	$	1,846	$	1,609	$	3,510	$	2,753
Altech Industries	317		201		518		332
Other	64		93		55		131
	$	2,227	$	1,903	$	4,083	$	3,216

Under the terms of various joint venture agreements, the company is required to pay its pro-rata share of the third party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations. At July 2, 2016, the company's pro-rata share of this debt was approximately $1,250. The company believes that there is sufficient equity in each of the joint ventures to meet their obligations. 

Note F – Accounts Receivable

Accounts receivable, net, consists of the following:

	July 2, 2016			December 31, 2015
Accounts receivable	$	5,754,519		$	6,211,077
Allowances for doubtful accounts	(49,886		)	(49,659		)
Accounts receivable, net	$	5,704,633		$	6,161,418

The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.  The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience.

Note G – Debt

At July 2, 2016 and December 31, 2015, short-term borrowings of $111,259 and $44,024, respectively, were primarily utilized to support the working capital requirements. The weighted-average interest rate on these borrowings was .94% and 3.30% at July 2, 2016 and December 31, 2015, respectively.

11

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

Long-term debt consists of the following:

	July 2, 2016		December 31, 2015
Revolving credit facility	$	45,000	$	72,000
Asset securitization program	335,000		75,000
6.875% senior debentures, due 2018	199,117		198,886
3.00% notes, due 2018	298,602		298,197
6.00% notes, due 2020	299,058		298,932
5.125% notes, due 2021	248,705		248,566
3.50% notes, due 2022	345,415		345,061
4.50% notes, due 2023	296,417		296,194
4.00% notes, due 2025	344,356		344,092
7.50% senior debentures, due 2027	198,440		198,366
Interest rate swaps designated as fair value hedges	2,252		711
Other obligations with various interest rates and due dates	6,641		4,570
	$	2,619,003	$	2,380,575

The 7.50% senior debentures are not redeemable prior to their maturity.  The 6.875% senior debentures, 3.00% notes, 6.00% notes, 5.125% notes, 3.50% notes, 4.50% notes, and 4.00% notes may be called at the option of the company subject to "make whole" clauses.

The estimated fair market value, using quoted market prices, is as follows:

	July 2, 2016		December 31, 2015
6.875% senior debentures, due 2018	$	216,000	$	218,000
3.00% notes, due 2018	303,000		303,000
6.00% notes, due 2020	332,500		330,000
5.125% notes, due 2021	270,500		267,500
3.50% notes, due 2022	358,000		343,000
4.50% notes, due 2023	319,500		309,000
4.00% notes, due 2025	358,500		336,000
7.50% senior debentures, due 2027	252,500		238,000

The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, and other obligations approximate their fair value.

The company has a $1,500,000 revolving credit facility maturing in December 2018. This facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions, and as support for the company's commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or a euro currency rate plus a spread (1.30% at July 2, 2016), which is based on the company's credit ratings, or an effective interest rate of 1.71% at July 2, 2016. The facility fee, which is based on the company's credit ratings, was .20% at July 2, 2016.  The company had $45,000 and $72,000 in outstanding borrowings under the revolving credit facility at July 2, 2016 and December 31, 2015, respectively.

The company has an asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $900,000 under the asset securitization program, which matures in March 2017. The outstanding borrowings have been classified as long-term debt as of July 2, 2016 based on the company’s intent and ability to refinance on a long-term basis by borrowing funds under the revolving credit facility or through refinancing the existing asset securitization program on a long-term basis. The asset securitization program is conducted through Arrow Electronics Funding Corporation ("AFC"), a wholly-

12

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

owned, bankruptcy remote subsidiary. The asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company's consolidated balance sheets. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread (.40% at July 2, 2016), which is based on the company's credit ratings, or an effective interest rate of .95% at July 2, 2016. The facility fee is .40%.

At July 2, 2016 and December 31, 2015, the company had $335,000 and $75,000, respectively, in outstanding borrowings under the asset securitization program, which was included in "Long-term debt" in the company's consolidated balance sheets. Total collateralized accounts receivable of approximately $1,729,000 and $1,871,831, respectively, were held by AFC and were included in "Accounts receivable, net" in the company's consolidated balance sheets. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings before repayment of any outstanding borrowings under the asset securitization program.

Both the revolving credit facility and asset securitization program include terms and conditions that limit the incurrence of additional borrowings and require that certain financial ratios be maintained at designated levels. The company was in compliance with all covenants as of July 2, 2016 and is currently not aware of any events that would cause non-compliance with any covenants in the future.  

During February 2015, the company completed the sale of $350,000 principal amount of 3.50% notes due in 2022 and $350,000 principal amount of 4.00% notes due in 2025. The net proceeds of the offering of $688,162 were used to refinance the company's 3.375% notes due November 2015 and for general corporate purposes.

During February 2015, the company redeemed $250,000 principal amount of its 3.375% notes due November 2015. The related loss on the redemption for 2015 was $2,943 and was recognized as a loss on prepayment of debt, which was included in "Other expense, net" in the company's consolidated statements of operations.

The company has a $100,000 uncommitted line of credit. There were no outstanding borrowings under the uncommitted line of credit at July 2, 2016 and December 31, 2015.

Interest and other financing expense, net, includes interest and dividend income of $1,376 and $3,390 for the second quarter and first six months of 2016, respectively. Interest and other financing expense, net, includes interest and dividend income of $1,489 and $2,462 for the second quarter and first six months of 2015, respectively.

Note H – Financial Instruments Measured at Fair Value

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value.  The fair value hierarchy has three levels of inputs that may be used to measure fair value:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.

13

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

The following table presents assets (liabilities) measured at fair value on a recurring basis at July 2, 2016:

	Level 1		Level 2		Level 3			Total
Available-for-sale securities	$	35,980	$	—	$	—		$	35,980
Interest rate swaps	—		2,252		—			2,252
Foreign exchange contracts	—		2,139		—			2,139
Contingent consideration	—		—		(2,522		)	(2,522		)
	$	35,980	$	4,391	$	(2,522	)	$	37,849

The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2015:

	Level 1		Level 2			Level 3			Total
Available-for-sale securities	$	41,178	$	—		$	—		$	41,178
Interest rate swaps	—		711			—			711
Foreign exchange contracts	—		(738		)	—			(738		)
Contingent consideration	—		—			(3,889		)	(3,889		)
	$	41,178	$	(27	)	$	(3,889	)	$	37,262

Assets and liabilities that are measured at fair value on a nonrecurring basis relate primarily to goodwill and identifiable intangible assets (see Note C). The company tests these assets for impairment if indicators of potential impairment exist. 

During the first six months of 2016 and 2015, there were no transfers of assets (liabilities) measured at fair value between the three levels of the fair value hierarchy.

Available-For-Sale Securities

The company has an 8.4% equity ownership interest in Marubun Corporation ("Marubun") and a portfolio of mutual funds with quoted market prices, all of which are accounted for as available-for-sale securities.

The fair value of the company's available-for-sale securities is as follows:

	July 2, 2016				December 31, 2015
	Marubun		Mutual Funds		Marubun		Mutual Funds
Cost basis	$	10,016	$	17,485	$	10,016	$	17,389
Unrealized holding gain	3,239		5,240		8,708		5,065
Fair value	$	13,255	$	22,725	$	18,724	$	22,454

The fair value of these investments are included in "Other assets" in the company's consolidated balance sheets, and the related unrealized holding gains or losses are included in "Accumulated other comprehensive loss" in the shareholders' equity section in the company's consolidated balance sheets.

Derivative Instruments

The company uses various financial instruments, including derivative instruments, for purposes other than trading.  Certain derivative instruments are designated at inception as hedges and measured for effectiveness both at inception and on an ongoing basis. Derivative instruments not designated as hedges are marked-to-market each reporting period with any unrealized gains or losses recognized in earnings.

Interest Rate Swaps

The company occasionally enters into interest rate swap transactions that convert certain fixed-rate debt to variable-rate debt or variable-rate debt to fixed-rate debt in order to manage its targeted mix of fixed- and floating-rate debt. The company uses the hypothetical derivative method to assess the effectiveness of its interest rate swaps on a quarterly basis. The effective portion of

14

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

the change in the fair value of interest rate swaps designated as fair value hedges is recorded as a change to the carrying value of the related hedged debt, and the effective portion of the change in fair value of interest rate swaps designated as cash flow hedges is recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive loss." The ineffective portion of the interest rate swap, if any, is recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations.

In January 2015, the company entered into four seven-year forward-starting interest rate swaps (the "2015 swaps") which locked in an average treasury rate of 1.98% on a total aggregate notional amount of $200,000. These 2015 swaps were designated as cash flow hedges and managed the risk associated with changes in treasury rates and the impact of future interest payments on the anticipated debt issuances to replace the company's 3.375% notes due to mature in November 2015. In February 2015, the company received $896 in connection with the termination of the 2015 swaps upon issuance of the seven-year notes due in 2022. The fair value of the 2015 swaps is recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive loss" and is being reclassified into income over the seven-year term of the notes due in 2022. For the 2015 swaps, the company reclassified into income $30 and $59 for the second quarter and first six months of 2016, respectively. The company reclassified into income $30 and $39 for the second quarter and first six months of 2015, respectively.

In April 2014, the company entered into an interest rate swap, with a notional amount of $50,000. The swap modifies the company's interest rate exposure by effectively converting a portion of the fixed 6.00% notes to a floating rate, based on the six-month U.S. dollar LIBOR plus a spread (an effective interest rate of 4.88% at July 2, 2016), through its maturity. The swap is classified as a fair value hedge and had a fair value of $1,758 at July 2, 2016.

In April 2014, the company entered into an interest rate swap, with a notional amount of $50,000. The swap modifies the company's interest rate exposure by effectively converting a portion of the fixed 6.875% senior debentures to a floating rate, based on the six-month U.S. dollar LIBOR plus a spread (an effective interest rate of 6.41% at July 2, 2016), through its maturity. The swap is classified as a fair value hedge and had a fair value of $494 at July 2, 2016.

Foreign Exchange Contracts

The company enters into foreign exchange forward, option, or swap contracts (collectively, the "foreign exchange contracts") to mitigate the impact of changes in foreign currency exchange rates.  These contracts are executed to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and generally have terms of no more than six months. Gains or losses on these contracts are deferred and recognized when the underlying future purchase or sale is recognized or when the corresponding asset or liability is revalued. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions.  The fair value of the foreign exchange contracts are estimated using market quotes.  The notional amount of the foreign exchange contracts at July 2, 2016 and December 31, 2015 was $367,332 and $382,025, respectively.

15

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

The fair values of derivative instruments in the company's consolidated balance sheets are as follows:

	Asset (Liability) Derivatives
		Fair Value
	Balance Sheet Location	July 2, 2016			December 31, 2015
Derivative instruments designated as hedges:
Interest rate swaps designated as fair value hedges	Other liabilities	$	—		$	—
Interest rate swaps designated as fair value hedges	Other assets	2,252			711
Foreign exchange contracts designated as cash flow hedges	Other current assets	77			896
Foreign exchange contracts designated as cash flow hedges	Accrued expenses	(874		)	(572		)
Total derivative instruments designated as hedging instruments		1,455			1,035
Derivative instruments not designated as hedges:
Foreign exchange contracts	Other current assets	4,764			1,729
Foreign exchange contracts	Accrued expenses	(1,828		)	(2,791		)
Total derivative instruments not designated as hedging instruments		2,936			(1,062		)
Total		$	4,391		$	(27	)

The effect of derivative instruments on the company's consolidated statements of operations is as follows:

	Gain (Loss) Recognized in Income
	Quarter Ended					Six Months Ended
	July 2, 2016		June 27, 2015			July 2, 2016		June 27, 2015
Derivative instruments not designated as hedges:
Foreign exchange contracts (a)	$	4,660	$	(1,187	)	$	1,612	$	(379	)
Total	$	4,660	$	(1,187	)	$	1,612	$	(379	)

16

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

	Cash Flow Hedges
	Quarter Ended						Six Months Ended
	July 2, 2016						July 2, 2016
	Interest Rate Swaps (b)			Foreign Exchange Contracts (c)			Interest Rate Swaps (b)			Foreign Exchange Contracts (c)
Effective portion:
Gain (loss) recognized in other comprehensive income	$	—		$	543		$	—		$	(534	)
Loss reclassified into income	$	(150	)	$	(469	)	$	(299	)	$	(1,091	)
	Cash Flow Hedges
	Quarter Ended						Six Months Ended
	June 27, 2015						June 27, 2015
	Interest Rate Swaps (b)			Foreign Exchange Contracts (c)			Interest Rate Swaps (b)			Foreign Exchange Contracts (c)
Effective portion:
Gain (loss) recognized in other comprehensive income	$	—		$	(2,245	)	$	827		$	437
Gain (loss) reclassified into income	$	(141	)	$	163		$	(302	)	$	(678	)
Ineffective portion:
Gain recognized in income	$	—		$	—		$	69		$	—

(a) The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations.

(b) Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. The gain (loss) amounts reclassified into income relate to the termination of swaps.

(c) Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations.

Other

The carrying amount of cash and cash equivalents, accounts receivable, net, and accounts payable approximate their fair value due to the short maturities of these financial instruments.

Note I – Restructuring, Integration, and Other Charges

The following table presents the components of the restructuring, integration, and other charges:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Restructuring and integration charges - current period actions	$	7,652	$	9,875	$	10,103	$	19,185
Restructuring and integration charges - actions taken in prior periods	1,838		268		3,961		678
Other charges	6,616		7,004		22,830		13,480
	$	16,106	$	17,147	$	36,894	$	33,343

17

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

2016 Restructuring and Integration Charges

The following table presents the components of the 2016 restructuring and integration charges and activity in the related restructuring and integration accrual for the first six months of 2016:

	Personnel Costs			Facilities Costs			Other			Total
Restructuring and integration charges	$	7,529		$	2,473		$	101		$	10,103
Payments	(2,696		)	(312		)	(75		)	(3,083		)
Foreign currency translation	(113		)	(12		)	(15		)	(140		)
Balance as of July 2, 2016	$	4,720		$	2,149		$	11		$	6,880

These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

2015 Restructuring and Integration Charges

The following table presents the activity in the restructuring and integration accrual for the first six months of 2016 related to the 2015 restructuring and integration:

	Personnel  Costs			Facilities Costs			Other			Total
Balance as of December 31, 2015	$	16,321		$	403		$	159		$	16,883
Restructuring and integration charges	1,830			2,209			—			4,039
Payments	(13,982		)	(440		)	(31		)	(14,453		)
Foreign currency translation	(18		)	2			—			(16		)
Balance as of July 2, 2016	$	4,151		$	2,174		$	128		$	6,453

Restructuring and Integration Accruals Related to Actions Taken Prior to 2015

The following table presents the activity in the restructuring and integration accruals for the first six months of 2016 related to restructuring and integration actions taken prior to 2015:

	Personnel Costs			Facilities Costs			Other			Total
Balance as of December 31, 2015	$	2,754		$	2,341		$	—		$	5,095
Restructuring and integration charges (credits)	(308		)	(64		)	294			(78		)
Payments	(981		)	(964		)	(378		)	(2,323		)
Foreign currency translation	40			(19		)	84			105
Balance as of July 2, 2016	$	1,505		$	1,294		$	—		$	2,799

Restructuring and Integration Accrual Summary

In summary, the restructuring and integration accruals aggregate $16,132 at July 2, 2016, all of which are expected to be spent in cash, and are expected to be utilized as follows:

• The accruals for personnel costs totaling $10,376 relate to the termination of personnel that have scheduled payouts of $7,908 in 2016, $2,129 in 2017, $306 in 2018, $17 in 2019, and $16 in 2020.

• The accruals for facilities totaling $5,617 relate to vacated leased properties that have scheduled payments of $4,016 in 2016, $813 in 2017, $667 in 2018, and $121 in 2019.

18

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

• Other accruals of $139 are expected to be spent within one year.

Other Charges

Included in restructuring, integration, and other charges for the second quarter and first six months of 2016 are fraud loss, acquisition-related, and other expenses of $6,616 and $22,830, respectively. The company determined that it was the target of criminal fraud by persons impersonating a company executive, which resulted in unauthorized transfers of cash from a company account in Europe to outside bank accounts in Asia in January 2016.  An independent investigation and legal actions by the company and law enforcement are ongoing.  To date, the information gathered by the company indicates that this is an isolated event not associated with a security breach or loss of data.  Additionally, no officers or employees of the company were involved in the fraud. During the first six months of 2016, the Company recorded a fraud loss, net of insurance recoveries, of $3,942. During the second quarter of 2016, the company recorded a credit of $9,253, which included insurance recoveries and incremental expenses related to the fraud loss. Included within “Other current assets” is approximately $29,000 of cash frozen in outside bank accounts that the company believes is probable of recovery. The charges for the second quarter and first six months of 2016 of $3,334 and $4,956, respectively, related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional and other fees directly related to recent acquisition activity. During 2016, the company adopted an amendment to its Wyle defined benefit plan and incurred a settlement expense of $12,211 during the second quarter of 2016.

Included in restructuring, integration, and other charges for the second quarter and first six months of 2015 are acquisition-related expenses of $7,004 and $13,480, respectively, consisting of charges related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional fees directly related to recent acquisition activity.

Note J – Net Income per Share

The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands):

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Net income attributable to shareholders	$	134,270	$	123,932	$	240,505	$	229,990
Weighted-average shares outstanding - basic	91,782		95,638		91,647		95,776
Net effect of various dilutive stock-based compensation awards	911		1,011		1,124		1,098
Weighted-average shares outstanding - diluted	92,693		96,649		92,771		96,874
Net income per share:
Basic	$	1.46	$	1.30	$	2.62	$	2.40
Diluted (a)	$	1.45	$	1.28	$	2.59	$	2.37

(a) Stock-based compensation awards for the issuance of 848,000 and 987,000 shares for the second quarter and first six months of 2016 and 709,000 and 607,000 shares for the second quarter and first six months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

19

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

Note K – Shareholders' Equity

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in Accumulated other comprehensive income (loss), excluding non-controlling interests:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Foreign Currency Translation Adjustment:
Other comprehensive income (loss) before reclassifications (a)	$	(50,181	)	$	47,890		$	19,788		$	(151,338	)
Amounts reclassified into income	(111		)	(163		)	1,091			678
Unrealized Gain (Loss) on Investment Securities, Net:
Other comprehensive income (loss) before reclassifications	(2,030		)	2,169			(3,681		)	2,293
Amounts reclassified into income	—			—			—			—
Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Other comprehensive income (loss) before reclassifications	—			(346		)	—			550
Amounts reclassified into income	93			116			184			143
Employee Benefit Plan Items, Net:
Other comprehensive income before reclassifications	31			35			72			69
Amounts reclassified into income	3,813			847			4,692			1,655
Net change in Accumulated other comprehensive income (loss)	$	(48,385	)	$	50,548		$	22,146		$	(145,950	)

(a) Includes intra-entity foreign currency transactions that are of a long-term investment nature of $3,982 and $(28,819) for the second quarter and first six months of 2016 and $600 and $45,863 for the second quarter and first six months of 2015, respectively.

Share-Repurchase Program

In September 2015, the company's Board approved a repurchase of up to $400,000 of the company's common stock. As of July 2, 2016, the company repurchased 1,982,894 shares under the program with a market value of $113,778 at the dates of repurchase, of which 506,670 shares with a market value of $31,060 were repurchased during the second quarter of 2016.

Note L – Employee Benefit Plans

In 2016, the company adopted an amendment to its Wyle defined benefit plan that provided eligible plan participants with the option to receive an early distribution of their pension benefits. Lump sum payments of $26,063 were made during June 2016 and the company incurred a settlement expense of $12,211.

20

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

The components of the net periodic benefit costs for the Wyle defined benefit plan are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Components of net periodic benefit costs:
Service cost	$	—		$	—		$	—		$	—
Interest cost	1,328			1,330			2,656			2,659
Expected return on plan assets	(1,538		)	(1,790		)	(3,076		)	(3,580		)
Amortization of net loss	443			417			885			834
Amortization of prior service cost	—			—			—			—
Net periodic benefit costs	233			(43		)	465			(87		)
Settlement charge	12,211			—			12,211			—
Net benefit costs	$	12,444		$	(43	)	$	12,676		$	(87	)

Note M – Contingencies

Environmental Matters

In connection with the purchase of Wyle in August 2000, the company acquired certain of the then outstanding obligations of Wyle, including Wyle's indemnification obligations to the purchasers of its Wyle Laboratories division for environmental clean-up costs associated with any then existing contamination or violation of environmental regulations. Under the terms of the company's purchase of Wyle from the sellers, the sellers agreed to indemnify the company for certain costs associated with the Wyle environmental obligations, among other things. As part of the settlement agreement, the company accepted responsibility for any potential subsequent costs incurred related to the Wyle matters. The company is aware of two Wyle Laboratories facilities (in Huntsville, Alabama and Norco, California) at which contaminated groundwater was identified and will require environmental remediation. In addition, the company was named as a defendant in several lawsuits related to the Norco facility and a third site in El Segundo, California which have now been settled to the satisfaction of the parties.

The company expects these environmental liabilities to be resolved over an extended period of time. Costs are recorded for environmental matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Accruals for environmental liabilities are adjusted periodically as facts and circumstances change, assessment and remediation efforts progress, or as additional technical or legal information becomes available. Environmental liabilities are difficult to assess and estimate due to various unknown factors such as the timing and extent of remediation, improvements in remediation technologies, and the extent to which environmental laws and regulations may change in the future. Accordingly, the company cannot presently fully estimate the ultimate potential costs related to these sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed and, in some instances, implemented. To the extent that future environmental costs exceed amounts currently accrued by the company, net income would be adversely impacted and such impact could be material.

Accruals for environmental liabilities are included in "Accrued expenses" and "Other liabilities" in the company's consolidated balance sheets.

As successor-in-interest to Wyle, the company is the beneficiary of various Wyle insurance policies that covered liabilities arising out of operations at Norco and Huntsville. To date, the company has recovered approximately $37,000 from certain insurance carriers relating to environmental clean-up matters at the Norco site. The company is considering the best way to pursue its potential claims against insurers regarding liabilities arising out of operations at Huntsville. The resolution of these matters will likely take several years. The company has not recorded a receivable for any potential future insurance recoveries related to the Norco and Huntsville environmental matters, as the realization of the claims for recovery are not deemed probable at this time.

The company believes the settlement amount together with potential recoveries from various insurance policies covering environmental remediation and related litigation will be sufficient to cover any potential future costs related to the Wyle acquisition; however, it is possible unexpected costs beyond those anticipated could occur.

21

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

Environmental Matters - Huntsville

In February 2015, the company and the Alabama Department of Environmental Management ("ADEM") finalized and executed a consent decree in connection with the Huntsville, Alabama site. Characterization of the extent of contaminated soil and groundwater continues at the site. Under the direction of the ADEM, approximately $5,000 was spent to date. The pace of the ongoing remedial investigations, project management, and regulatory oversight is likely to increase somewhat and, though the complete scope of the activities is not yet known, the company currently estimates additional investigative and related expenditures at the site of approximately $300 to $750. The nature and scope of both feasibility studies and subsequent remediation at the site has not yet been determined, but assuming the outcome includes source control and certain other measures, the cost is estimated to be between $3,000 and $4,000.

Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work is not yet known, and, accordingly, the associated costs have yet to be determined.

Environmental Matters - Norco

In October 2003, the company entered into a consent decree with Wyle Laboratories and the California Department of Toxic Substance Control (the "DTSC") in connection with the Norco site. In April 2005, a Remedial Investigation Work Plan was approved by DTSC that provided for site-wide characterization of known and potential environmental issues. Investigations performed in connection with this work plan and a series of subsequent technical memoranda continued until the filing of a final Remedial Investigation Report early in 2008. Work is under way pertaining to the remediation of contaminated groundwater at certain areas on the Norco site and of soil gas in a limited area immediately adjacent to the site. In 2008, a hydraulic containment system was installed to capture and treat groundwater before it moves into the adjacent offsite area. In September 2013, the DTSC approved the final Remedial Action Plan ("RAP") and work is currently progressing under the RAP. The approval of the RAP includes the potential for additional remediation action after the five year review of the hydraulic containment system if the review finds that contaminants have not been sufficiently reduced in the offsite area.

Approximately $50,000 was spent to date on remediation, project management, regulatory oversight, and investigative and feasibility study activities. The company currently estimates that these activities will give rise to an additional $12,400 to $24,500. Project management and regulatory oversight include costs incurred by project consultants for project management and costs billed by DTSC to provide regulatory oversight.

Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work under the RAP is not yet known, and, accordingly, the associated costs have yet to be determined.

Tekelec Matter

In 2000, the company purchased Tekelec Europe SA ("Tekelec") from Tekelec Airtronic SA and certain other selling shareholders. Subsequent to the closing of the acquisition, Tekelec received a product liability claim in the amount of €11,333. The product liability claim was the subject of a French legal proceeding started by the claimant in 2002, under which separate determinations were made as to whether the products that are subject to the claim were defective and the amount of damages sustained by the purchaser. The manufacturer of the products also participated in this proceeding. The claimant commenced legal proceedings against Tekelec and its insurers to recover damages in the amount of €3,742 and expenses of €312 plus interest. In May 2012, the French court ruled in favor of Tekelec and dismissed the plaintiff's claims. In January 2015, the Court of Appeals confirmed the French court's ruling; however, the ruling remains subject to a final appeal by the plaintiff. The company believes that any amount in addition to the amount accrued by the company would not materially adversely impact the company's consolidated financial position, liquidity, or results of operations.

Antitrust Investigation

On January 21, 2014, the company received a Civil Investigative Demand in connection with an investigation by the Federal Trade Commission ("FTC") relating generally to the use of a database program (the “database program”) that has operated for more than ten years under the auspices of the Global Technology Distribution Council ("GTDC"), a trade group of which the company is a member. Under the database program, certain members of the GTDC who participate in the program provide sales data to a third

22

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

party independent contractor chosen by the GTDC. The data is aggregated by the third party and the aggregated data is made available to the program participants. The company understands that other members participating in the database program have received similar Civil Investigative Demands.

In April 2014, the company responded to the Civil Investigative Demand. The Civil Investigative Demand merely sought information, and no proceedings have been instituted against any person. The company continues to believe that there has not been any conduct by the company or its employees that would be actionable under the antitrust laws in connection with its participation in the database program. At this time, it is not possible to predict the potential impact, if any, of the Civil Investigative Demand or whether any actions may be instituted by the FTC against any person.

Other

From time to time, in the normal course of business, the company may become liable with respect to other pending and threatened litigation, environmental, regulatory, labor, product, and tax matters. While such matters are subject to inherent uncertainties, it is not currently anticipated that any such matters will materially impact the company's consolidated financial position, liquidity, or results of operations.

Note N – Segment and Geographic Information

The company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions.  The company distributes electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers through its global ECS business segment.  As a result of the company's philosophy of maximizing operating efficiencies through the centralization of certain functions, selected fixed assets and related depreciation, as well as borrowings, are not directly attributable to the individual operating segments and are included in the corporate business segment.

Sales and operating income (loss), by segment, are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Sales:
Global components	$	3,832,972		$	3,698,175		$	7,508,901		$	7,044,938
Global ECS	2,139,129			2,131,814			3,937,377			3,787,436
Consolidated	$	5,972,101		$	5,829,989		$	11,446,278		$	10,832,374
Operating income (loss):
Global components	$	178,385		$	169,817		$	349,155		$	334,712
Global ECS	109,399			98,394			187,611			165,911
Corporate (a)	(64,192		)	(61,268		)	(131,810		)	(116,246		)
Consolidated	$	223,592		$	206,943		$	404,956		$	384,377

(a) Includes restructuring, integration, and other charges of $16,106 and $36,894 for the second quarter and first six months of 2016 and $17,147 and $33,343 for the second quarter and first six months of 2015, respectively.

Total assets, by segment, are as follows:

	July 2, 2016		December 31, 2015
Global components	$	7,887,307	$	7,276,143
Global ECS	4,335,613		5,074,529
Corporate	723,886		671,258
Consolidated	$	12,946,806	$	13,021,930

23

ARROW ELECTRONICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands except per share data)

(Unaudited)

Sales, by geographic area, are as follows:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Americas (b)	$	2,809,558	$	2,912,126	$	5,430,035	$	5,374,315
EMEA (c)	1,777,026		1,665,013		3,442,906		3,169,937
Asia/Pacific	1,385,517		1,252,850		2,573,337		2,288,122
Consolidated	$	5,972,101	$	5,829,989	$	11,446,278	$	10,832,374

(b) Includes sales related to the United States of $2,591,296 and $4,987,359 for the second quarter and first six months of 2016 and $2,702,783 and $4,953,205 for the second quarter and first six months of 2015, respectively.

(c) Defined as Europe, the Middle East, and Africa.

Net property, plant, and equipment, by geographic area, is as follows:

	July 2, 2016		December 31, 2015
Americas (d)	$	613,475	$	582,973
EMEA	90,547		88,727
Asia/Pacific	33,529		28,478
Consolidated	$	737,551	$	700,178

(d) Includes net property, plant, and equipment related to the United States of $609,633 and $580,791 at July 2, 2016 and December 31, 2015, respectively.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

Arrow Electronics, Inc. (the "company") is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions.  The company provides one of the broadest product offerings in the electronic components and enterprise computing solutions industries and a wide range of value-added services to help customers introduce innovative products, reduce their time to market, and enhance their overall competitiveness. The company has two business segments, the global components business segment and the global enterprise computing solutions business segment.  The company provides electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers through its global ECS business segment.  For the first six months of 2016, approximately 66% of the company's sales were from the global components business segment and approximately 34% of the company's sales were from the global ECS business segment.

The company's financial objectives are to grow sales faster than the market, increase the markets served, grow profits faster than sales, and increase return on invested capital. To achieve its objectives, the company seeks to capture significant opportunities to grow across products, markets, and geographies. To supplement its organic growth strategy, the company continually evaluates strategic acquisitions to broaden its product and value-added service offerings, increase its market penetration, and/or expand its geographic reach.

Executive Summary

Consolidated sales for the second quarter and first six months of 2016increased by 2.4% and 5.7%, respectively, compared with the year-earlier period. The increase for the second quarter of 2016 was driven by an increase in the global components business segment sales of 3.6%. The increase for the first six months of 2016 was driven by an increase in the global components business segment sales of 6.6% and an increase in the global ECS business segment sales of 4.0%. Adjusted for the change in foreign currencies and acquisitions, consolidated sales increased1.6% for the first six months of 2016, compared with the year-earlier period.

Net income attributable to shareholders increased to $134.3 million and $240.5 million in the second quarter and first six months of 2016, respectively, compared to $123.9 million and $230.0 million in the year-earlier periods. The following items impacted the comparability of the company's results:

Second quarters of 2016 and 2015:

• restructuring, integration, and other charges of $16.1 million in 2016 and $17.1 million in 2015;

• identifiable intangible asset amortization of $14.4 million in 2016 and $13.9 million in 2015; and

• a loss on investment of $1.5 million in 2015.

First six months of 2016 and 2015:

• restructuring, integration, and other charges of $36.9 million in 2016 and $33.3 million in 2015;

• identifiable intangible asset amortization of $27.4 million in 2016 and $25.0 million in 2015;

• a loss on prepayment of debt of $2.9 million in 2015;

• a gain on sale of investment of $2.0 million in 2015; and

• a loss on investment of $1.5 million in 2015.

Excluding the aforementioned items, net income attributable to shareholders for the second quarter and first six months of 2016increased to $152.7 million and $285.0 million, respectively, compared with $148.9 million and $276.7 million in the year-earlier periods.

Certain Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with accounting principles generally accepted in the United States ("GAAP"), the company also discloses certain non-GAAP financial information, including:

• Sales, income, or expense items as adjusted for the impact of changes in foreign currencies (referred to as "impact of changes in foreign currencies") and the impact of acquisitions by adjusting the company's operating results for businesses acquired, including the amortization expense related to acquired intangible assets, as if the acquisitions had occurred at the beginning of the earliest period presented (referred to as "impact of acquisitions");

25

• Operating income as adjusted to exclude identifiable intangible asset amortization and restructuring, integration, and other charges; and

• Net income attributable to shareholders as adjusted to exclude identifiable intangible asset amortization, restructuring, integration, and other charges, loss on prepayment of debt, and gain on sale of investment.

Management believes that providing this additional information is useful to the reader to better assess and understand the company's operating performance, especially when comparing results with previous periods, primarily because management typically monitors the business adjusted for these items in addition to GAAP results. However, analysis of results on a non-GAAP basis should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

Sales

Substantially all of the company's sales are made on an order-by-order basis, rather than through long-term sales contracts.  As such, the nature of the company's business does not provide for the visibility of material forward-looking information from its customers and suppliers beyond a few months.

Following is an analysis of net sales by reportable segment (in millions):

	Quarter Ended							Six Months Ended
	July 2, 2016		June 27, 2015			%  Change		July 2, 2016		June 27, 2015			%  Change
Consolidated sales, as reported	$	5,972	$	5,830		2.4	%	$	11,446	$	10,832		5.7	%
Impact of changes in foreign currencies	—		(1		)			—		(61		)
Impact of acquisitions	—		163					38		532
Consolidated sales, as adjusted*	$	5,972	$	5,992		flat		$	11,485	$	11,303		1.6	%
Global components sales, as reported	$	3,833	$	3,698		3.6	%	$	7,509	$	7,045		6.6	%
Impact of changes in foreign currencies	—		(6		)			—		(46		)
Impact of acquisitions	—		96					—		314
Global components sales, as adjusted*	$	3,833	$	3,788		1.2	%	$	7,509	$	7,313		2.7	%
Global ECS sales, as reported	$	2,139	$	2,132		flat		$	3,937	$	3,787		4.0	%
Impact of changes in foreign currencies	—		5					—		(15		)
Impact of acquisitions	—		67					38		218
Global ECS sales, as adjusted*	$	2,139	$	2,204		(2.9	)%	$	3,976	$	3,990		flat

* The sum of the components for consolidated sales, as adjusted, may not agree to totals, as presented, due to rounding.

Consolidated sales for the second quarter and first six months of 2016increased by $142.1 million, or 2.4%, and $613.9 million, or 5.7%, respectively, compared with the year-earlier period. The increase for the second quarter of 2016 was driven by an increase in global components business segment sales of $134.8 million, or 3.6%. The increase for the first six months of 2016 was driven by an increase in global components business segment sales of $464.0 million, or 6.6%, and an increase in global ECS business segment sales of $149.9 million, or 4.0%, compared with the year-earlier period. Adjusted for changes in foreign currencies and acquisitions, consolidated sales increased1.6% for the first six months of 2016, compared with the year-earlier period.

In the global components business segment, sales for the second quarter and first six months of 2016increased3.6% and 6.6%, respectively, compared with the year-earlier periods, primarily due to increased demand in the EMEA region and the impact of recently acquired businesses. Adjusted for the impact of changes in foreign currencies and acquisitions, the company's global components business segment sales increased by 1.2% and 2.7% for the second quarter and first six months of 2016, respectively, compared with the year-earlier period.

In the global ECS business segment, sales for the second quarter of 2016 were flat and sales for the first six months of 2016increased4.0%, compared with the year-earlier period due to the increased demand in the EMEA region and the impact of recently acquired businesses. Adjusted for the impact of changes in foreign currencies and acquisitions, the company's global ECS business segment

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sales decreased by 2.9% for the second quarter of 2016 and were flat for the first six months of 2016, compared with the year-earlier period due to the decline in the Americas region partially offset by the growth in the EMEA region.

Gross Profit

Following is an analysis of gross profit (in millions):

	Quarter Ended								Six Months Ended
	July 2, 2016			June 27, 2015			% Change		July 2, 2016			June 27, 2015			% Change
Consolidated gross profit, as reported	$	799		$	769		3.9	%	$	1,548		$	1,454		6.4	%
Impact of changes in foreign currencies	—			1					—			(8		)
Impact of acquisitions	—			16					4			64
Consolidated gross profit, as adjusted*	$	799		$	785		1.7	%	$	1,552		$	1,510		2.8	%
Consolidated gross profit as a percentage of sales, as reported	13.4		%	13.2		%	20 bps		13.5		%	13.4		%	10 bps
Consolidated gross profit as a percentage of sales, as adjusted	13.4		%	13.1		%	30 bps		13.5		%	13.4		%	10 bps

* The sum of the components for consolidated gross profit, as adjusted, may not agree to totals, as presented, due to rounding.

The company recorded gross profit of $798.8 million and $1.55 billion in the second quarter and first six months of 2016, respectively, compared with $768.6 million and $1.45 billion in the year-earlier period.  The increase in gross profit was primarily due to the aforementioned 2.4% and 5.7%increase in sales during the second quarter and first six months of 2016, respectively. Gross profit margin increased approximately 20 and 10 basis points for the second quarter and first six months of 2016, respectively, compared with the year-earlier periods.

Selling, General, and Administrative Expenses and Depreciation and Amortization

Following is an analysis of operating expenses (in millions):

	Quarter Ended								Six Months Ended
	July 2, 2016			June 27, 2015			%  Change		July 2, 2016			June 27, 2015			%  Change
Selling, general, and administrative expenses, as reported	$	519		$	505		2.8	%	$	1,025		$	959		6.8	%
Depreciation and amortization, as reported	40			40			1.6	%	81			77			5.7	%
Operating expenses, as reported	559			545			2.7	%	1,106			1,036			6.7	%
Impact of changes in foreign currencies	—			—					—			(7		)
Impact of acquisitions	—			12					4			49
Operating expenses, as adjusted	$	559		$	557		flat		$	1,110		$	1,078		3.0	%
Operating expenses as a percentage of sales, as reported	9.4		%	9.3		%	10 bps		9.7		%	9.6		%	10 bps
Operating expenses as a percentage of sales, as adjusted	9.4		%	9.3		%	10 bps		9.7		%	9.5		%	20 bps

Selling, general, and administrative expenses increased by $14.0 million, or 2.8%, in the second quarter of 2016 on a sales increase of 2.4%, and increased by $65.2 million, or 6.8%, in the first six months of 2016 on a sales increase of 5.7%, compared with the year-earlier period. Selling, general, and administrative expenses as a percentage of sales were 8.7% and 9.0% for the second quarter and first six months of 2016, respectively, compared with 8.7% and 8.9% in the year-earlier period.

Depreciation and amortization expense increased by $0.6 million, or 1.6%, and $4.4 million, or 5.7%, for the second quarter and first six months of 2016, respectively, compared with the year-earlier period, primarily due to recent acquisitions. Included in depreciation and amortization expense is identifiable intangible asset amortization of $14.4 million and $27.4 million for the second quarter and first six months of 2016 compared to $13.9 million and $25.0 million for the second quarter and first six months of 2015, respectively.

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Adjusted for the impact of changes in foreign currencies and acquisitions, operating expenses were flat for the second quarter of 2016 and increased 3.0% for the first six months of 2016. Adjusted for the impact of changes in foreign currencies and acquisitions, operating expenses as a percentage of sales were 9.4% and 9.7% for second quarter and first six months of 2016, respectively, compared with 9.3% and 9.5% for the second quarter and first six months of 2015, respectively.

Restructuring, Integration, and Other Charges

2016 Charges

The company recorded restructuring, integration, and other charges of $16.1 million and $36.9 million for the second quarter and first six months of 2016, respectively. For the second quarter and first six months of 2016, restructuring and integration charges of $7.7 million and $10.1 million, respectively, related to initiatives taken by the company during 2016 to improve operating efficiencies. For the first six months of 2016, the company recorded a fraud loss, net of insurance recoveries, of $3.9 million. During the second quarter of 2016, the company recorded a credit of $9.3 million, which included insurance recoveries and incremental expenses related to the fraud loss. Also included for the second quarter and first six months of 2016 are acquisition-related expenses of $3.3 million and $5.0 million, respectively, and a pension settlement charge of $12.2 million for both the second quarter and first six months of 2016.

The restructuring and integration charge of $7.7 million and $10.1 million for the second quarter and first six months of 2016, respectively, includes personnel costs of $5.1 million and $7.5 million. Also included therein for both the second quarter and first six months of 2016 are facilities costs of $2.5 million and other costs of $0.1 million. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency.Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

2015 Charges

The company recorded restructuring, integration, and other charges of $17.1 million and $33.3 million for the second quarter and first six months of 2015, respectively. Included therein for the second quarter and first six months of 2015 are restructuring and integration charges of $9.9 million and $19.2 million, respectively, related to initiatives taken by the company to improve operating efficiencies. Also included therein for the second quarter and first six months of 2015 are acquisition-related expenses and other charges of $7.0 million and $13.5 million, respectively.

The restructuring and integration charge of $9.9 million and $19.2 million for the second quarter and first six months of 2015, respectively, includes personnel costs of $8.6 million and $16.5 million, facilities costs of $1.2 million and $1.8 million, and other costs of $0.1 million and $0.9 million, respectively. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency.Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

As of July 2, 2016, the company does not anticipate there will be any material adjustments relating to the aforementioned restructuring and integration plans. Refer to Note I, "Restructuring, Integration, and Other Charges," of the Notes to the Consolidated Financial Statements for further discussion of the company's restructuring and integration activities.

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Operating Income

Following is an analysis of operating income (in millions):

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Consolidated operating income, as reported	$	224		$	207		$	405		$	384
Identifiable intangible asset amortization	14			14			27			25
Restructuring, integration, and other charges	16			17			37			33
Consolidated operating income, as adjusted*	$	254		$	238		$	469		$	443
Consolidated operating income as a percentage of sales, as reported	3.7		%	3.5		%	3.5		%	3.5		%
Consolidated operating income, as adjusted, as a percentage of sales, as reported	4.3		%	4.1		%	4.1		%	4.1		%

* The sum of the components for consolidated operating income, as adjusted, may not agree to totals, as presented, due to rounding.

The company recorded operating income of $223.6 million, or 3.7% of sales, and $405.0 million, or 3.5% of sales, in the second quarter and first six months of 2016, respectively, compared with operating income of $206.9 million, or 3.5% of sales, and $384.4 million, or 3.5% of sales, in the year-earlier period. Excluding identifiable intangible asset amortization and restructuring, integration, and other charges, operating income, as adjusted, was $254.1 million, or 4.3% of sales, and $469.2 million, or 4.1% of sales, in the second quarter and first six months of 2016, respectively, compared with operating income, as adjusted, of $238.0 million, or 4.1% of sales, and $442.7 million, or 4.1% of sales, in the year-earlier period.

Interest and Other Financing Expense, Net

The company recorded net interest and other financing expense of $39.0 million and $74.6 million for the second quarter and first six months of 2016, respectively, compared with $34.7 million and $65.6 million in the year-earlier period. The increase for the second quarter and first six months of 2016 was primarily due to higher average debt outstanding.

Other Expense, Net

During the second quarter of 2015, the company recorded a loss on investment of $1.5 million.

During the first six months of 2015, the company recorded a loss on prepayment of debt of $2.9 million, related to the redemption of $250.0 million principal amount of its 3.375% notes due November 2015. Additionally, during the first six months of 2015, the company recorded a gain on sale of investment of $2.0 million.

Income Taxes

The company recorded a provision for income taxes of $51.5 million and $92.5 million (an effective tax rate of 27.5% and 27.7%) for the second quarter and first six months of 2016, respectively. The company's provision for income taxes and effective tax rate for the second quarter and first six months of 2016 were impacted by the previously discussed restructuring, integration, and other charges. Excluding the impact of the aforementioned items, the company's effective tax rate for the second quarter and first six months of 2016 was 28.5% and 28.1%, respectively.  

The company recorded a provision for income taxes of $48.0 million and $88.8 million (an effective tax rate of 27.8% ) for the second quarter and first six months of 2015, respectively.  The company's provision for income taxes and effective tax rate for the second quarter and first six months of 2015 were impacted by the previously discussed restructuring, integration, and other charges, loss on prepayment of debt, gain on sale of investments, and loss on investment. Excluding the impact of the aforementioned items, the company's effective tax rate for the second quarter and first six months of 2015 was 27.6%.

The company's provision for income taxes and effective tax rate are impacted by, among other factors, the statutory tax rates in the countries in which it operates and the related level of income generated by these operations.

29

Net Income Attributable to Shareholders

Following is an analysis of net income attributable to shareholders (in millions):

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Net income attributable to shareholders, as reported	$	134		$	124		$	241		$	230
Identifiable intangible asset amortization	14			14			26			25
Restructuring, integration, and other charges	16			17			37			33
Loss on prepayment of debt	—			—			—			3
Gain on sale of investment	—			—			—			(2		)
Loss on investment	—			2			—			2
Tax effect of adjustments above	(11		)	(8		)	(19		)	(14		)
Net income attributable to shareholders, as adjusted	$	153		$	149		$	285		$	277

The company recorded net income attributable to shareholders of $134.3 million and $240.5 million in the second quarter and first six months of 2016, respectively, compared with $123.9 million and $230.0 million in the year-earlier period. Net income attributable to shareholders, as adjusted, was $152.7 million and $285.0 million for the second quarter and first six months of 2016, respectively, compared with $148.9 million and $276.7 million in the year-earlier period.

Liquidity and Capital Resources

At July 2, 2016 and December 31, 2015, the company had cash and cash equivalents of $495.8 million and $273.1 million, respectively, of which $444.6 million and $232.6 million, respectively, were held outside the United States.  Liquidity is affected by many factors, some of which are based on normal ongoing operations of the company's business and some of which arise from fluctuations related to global economics and markets. Cash balances are generated and held in many locations throughout the world. It is the company's current intent to permanently reinvest these funds outside the United States and its current plans do not demonstrate a need to repatriate them to fund its United States operations. If these funds were needed for the company's operations in the United States, it would be required to record and pay significant United States income taxes to repatriate these funds. Additionally, local government regulations may restrict the company's ability to move cash balances to meet cash needs under certain circumstances. The company currently does not expect such regulations and restrictions to impact its ability to make acquisitions or to pay vendors and conduct operations throughout the global organization.

During the first six months of 2016, the net amount of cash provided by the company's operating activities was $111.3 million, the net amount of cash used for investing activities was $145.8 million, and the net amount of cash provided by financing activities was $270.6 million.  The effect of exchange rate changes on cash was a decrease of $13.4 million.

During the first six months of 2015, the net amount of cash provided by the company's operating activities was $219.4 million, the net amount of cash used for investing activities was $537.5 million, and the net amount of cash provided by financing activities was $325.3 million.  The effect of exchange rate changes on cash was a decrease of $7.9 million.

Cash Flows from Operating Activities

The company maintains a significant investment in accounts receivable and inventories.  As a percentage of total assets, accounts receivable and inventories were approximately 63.4% at July 2, 2016 and 66.3% at December 31, 2015.

The net amount of cash provided by the company's operating activities during the first six months of 2016 was $111.3 million and was primarily due to an increase in earnings from operations adjusted for non-cash items, offset, in part, by an increase in working capital.

The net amount of cash provided by the company's operating activities during the first six months of 2015 was $219.4 million and was primarily due to earnings from operations, adjusted for non-cash items.

Working capital as a percentage of sales was 15.6% in the second quarter of 2016 compared with 14.7% in the second quarter of 2015.

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Cash Flows from Investing Activities

The net amount of cash used for investing activities during the first six months of 2016 was $145.8 million. The uses of cash from investing activities included $45.5 million of cash consideration paid, net of cash acquired, for the acquisition of two businesses and $88.3 million for capital expenditures. Included in capital expenditures for the first six months of 2016 is $31.4 million related to the company's global enterprise resource planning ("ERP") initiative.

The net amount of cash used for investing activities during the first six months of 2015 was $537.5 million, reflecting $470.7 million of cash consideration paid, net of cash acquired, for six acquired businesses and $68.8 million for capital expenditures. The source of cash from investing activities during the first six months of 2015 was $2.0 million related to the sale of investment. Included in capital expenditures for the first six months of 2015 is $22.4 million related to the company's global ERP initiative.

During the first six months of 2015 the company completed six acquisitions, inclusive of a 53.7% acquisition of Data Modul AG.

The aggregate consideration paid for these acquisitions was $470.7 million, net of cash acquired.

Cash Flows from Financing Activities

The net amount of cash provided by financing activities during the first six months of 2016 was $270.6 million. The uses of cash from financing activities included $46.8 million of repurchases of common stock and $3.0 million of other acquisition related payments. The sources of cash from financing activities during the first six months of 2016 were $67.6 million and $233.0 million of net proceeds from short-term and long-term bank borrowings, respectively, and $19.8 million of proceeds from the exercise of stock options and other benefits related to stock-based compensation arrangements.

The net amount of cash provided by financing activities during the first six months of 2015 was $325.3 million. The uses of cash from financing activities included a $3.8 million decrease in short-term and other borrowings, $254.3 million of redemption of notes, $156.4 million of repurchases of common stock, and other contingent consideration payments of $3.0 million. The sources of cash from financing activities during the first six months of 2015 were $34.4 million of net repayments of long-term bank borrowings, $688.2 million of net proceeds from a note offering, and $20.3 million of proceeds from the exercise of stock options and other benefits related to stock-based compensation arrangements.

During the first six months of 2015, the company completed the sale of $350.0 million principal amount of 3.50% notes due in 2022 and $350.0 million principal amount of 4.00% notes due in 2025. The net proceeds of the offering of $688.2 million were used to refinance the company's 3.375% notes due November 2015 and for general corporate purposes.

During the first six months of 2015, the company redeemed $250.0 million principal amount of its 3.375% notes due November 2015. The related loss on the redemption for the first six months of 2015 aggregated $2.9 million and was recognized as a loss on prepayment of debt in the company's consolidated statements of operations.

The company has a $1.50 billion revolving credit facility, maturing in December 2018. This facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions, and as support for the company's commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or a euro currency rate plus a spread (1.30% at July 2, 2016), which is based on the company's credit ratings, or an effective interest rate of 1.71% at July 2, 2016. The facility fee is .20%.  The company had $45.0 million and $72.0 million in outstanding borrowings under the revolving credit facility at July 2, 2016 and December 31, 2015, respectively. During the first six months of 2016 and 2015, the average daily balance outstanding under the revolving credit facility was $245.2 million and $393.6 million, respectively.

The company has an asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $900.0 million under the asset securitization program, which matures in March 2017. The outstanding borrowings have been classified as long-term debt as of July 2, 2016 based on the company’s intent and ability to refinance on a long-term basis by borrowing funds under the revolving credit facility or through refinancing the existing asset securitization program on a long-term basis. The asset securitization program is conducted through Arrow Electronics Funding Corporation, a wholly-owned, bankruptcy remote subsidiary. The asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company's consolidated balance sheets. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread (.40% at July 2, 2016), which is based on the company's credit ratings, or an effective interest rate of .95% at July 2, 2016.  The facility fee is .40%. The company had $335.0 million and $75.0 million in outstanding borrowings under the asset securitization program at July 2, 2016 and December 31, 2015, respectively.  During the second quarters of 2016 and 2015, the average daily balance outstanding under the asset securitization program was $607.2 million and $407.2 million, respectively.

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Both the revolving credit facility and asset securitization program include terms and conditions that limit the incurrence of additional borrowings and require that certain financial ratios be maintained at designated levels. The company was in compliance with all covenants as of July 2, 2016 and is currently not aware of any events that would cause non-compliance with any covenants in the future.

The company has a $100.0 million uncommitted line of credit. There were no outstanding borrowings under the uncommitted line of credit at July 2, 2016 and December 31, 2015.

In the normal course of business, certain of the company’s subsidiaries have agreements to sell, without recourse, selected trade receivables to financial institutions. The company does not retain financial or legal interests in these receivables, and, accordingly, they are accounted for as sales of the related receivables and the receivables are removed from the company’s consolidated balance sheets. Financing costs related to these transactions were not material and are included in "Interest and other financing expense, net" in the company’s consolidated statements of operations.

The company filed a shelf registration statement with the Securities and Exchange Commission in September 2015 registering debt securities, preferred stock, common stock, and warrants of Arrow Electronics, Inc. that may be issued by the company from time to time. As set forth in the shelf registration statement, the net proceeds from the sale of the offered securities may be used by the company for general corporate purposes, including repayment of borrowings, working capital, capital expenditures, acquisitions, and stock repurchases, or for such other purposes as may be specified in the applicable prospectus supplement.

Management believes that the company's current cash availability, its current borrowing capacity under its revolving credit facility and asset securitization program, its expected ability to generate future operating cash flows, and the company's access to capital markets are sufficient to meet its projected cash flow needs for the foreseeable future. The company continually evaluates its liquidity requirements and would seek to amend its existing borrowing capacity or access the financial markets as deemed necessary.

Contractual Obligations

The company has contractual obligations for short-term and long-term debt, interest on short-term and long-term debt, capital leases, operating leases, purchase obligations, and certain other long-term liabilities that were summarized in a table of Contractual Obligations in the company's Annual Report on Form 10-K for the year ended December 31, 2015.  Since December 31, 2015, there were no material changes to the contractual obligations of the company outside the ordinary course of the company’s business.

Share-Repurchase Program

In September 2015, the company's Board approved a repurchase of up to $400 million of the company's common stock. As of July 2, 2016, the company repurchased 1,982,894 shares under the program with a market value of $113.8 million at the dates of repurchase, of which 506,670 shares with a market value of $31.1 million were repurchased during the second quarter of 2016.

Off-Balance Sheet Arrangements

The company has no off-balance sheet financing or unconsolidated special purpose entities.

Critical Accounting Policies and Estimates

The company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States.  The preparation of these financial statements requires the company to make significant estimates and judgments that affect the reported amounts of assets, liabilities, revenues, and expenses and related disclosure of contingent assets and liabilities.  The company evaluates its estimates on an ongoing basis.  The company bases its estimates on historical experience and on various other assumptions that are believed reasonable under the circumstances; the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.  Actual results may differ from these estimates under different assumptions or conditions.

There were no significant changes during the first six months of 2016 to the items disclosed as Critical Accounting Policies and Estimates in Management's Discussion and Analysis of Financial Condition and Results of Operations in the company's Annual Report on Form 10-K for the year ended December 31, 2015.

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Impact of Recently Issued Accounting Standards

See Note B of the Notes to Consolidated Financial Statements for a full description of recent accounting pronouncements, including the anticipated dates of adoption and the effects on the company's consolidated financial position and results of operations.

Information Relating to Forward-Looking Statements

This report includes forward-looking statements that are subject to numerous assumptions, risks, and uncertainties, which could cause actual results or facts to differ materially from such statements for a variety of reasons, including, but not limited to: industry conditions, the company's implementation of its new enterprise resource planning system, changes in product supply, pricing and customer demand, competition, other vagaries in the global components and global ECS markets, changes in relationships with key suppliers, increased profit margin pressure, the effects of additional actions taken to become more efficient or lower costs, risks related to the integration of acquired businesses, changes in legal and regulatory matters, and the company’s ability to generate additional cash flow.  Forward-looking statements are those statements which are not statements of historical fact.  These forward-looking statements can be identified by forward-looking words such as "expects," "anticipates," "intends," "plans," "may," "will," "believes," "seeks," "estimates," and similar expressions.  Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.  The company undertakes no obligation to update publicly or revise any of the forward-looking statements. 

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

There were no material changes in market risk for changes in foreign currency exchange rates and interest rates from the information provided in Item 7A – Quantitative and Qualitative Disclosures About Market Risk in the company's Annual Report on Form 10-K for the year ended December 31, 2015.

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Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The company's management, under the supervision and with the participation of the company's Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of the design and operation of the company's disclosure controls and procedures as of July 2, 2016 (the "Evaluation"). Based upon the Evaluation, the company's Chief Executive Officer and Chief Financial Officer concluded that, as of such date, because of a material weakness in the company’s internal control over financial reporting, the company's disclosure controls and procedures were not effective as required under Rules 13a-15(e) and 15d-15(e) under the Exchange Act. This material weakness was previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2015 and continues to exist as of July 2, 2016.

Notwithstanding the identified material weakness described below, management does not believe that these deficiencies had an adverse effect on the company’s reported operating results or financial condition and management has determined that the financial statements and other information included in this report and other periodic filings present fairly in all material respects the company’s financial condition, results of operations, and cash flows at and for the periods presented in accordance with accounting principles generally accepted in the United States (“GAAP”).

Management determined that the company’s internal controls did not operate effectively to prevent or timely detect unauthorized cash disbursements. Specifically, although management believes internal controls were adequate to timely detect unauthorized cash disbursements so as to prevent or detect a material misstatement of the company’s financial statements, these controls were not adequate to safeguard the company’s cash assets from unauthorized transfers resulting from the failure of certain members of the finance organization to exercise appropriate skepticism and oversight for disbursement of company-owned funds. This material weakness in the company’s controls resulted in the inability to prevent and timely detect the fraud loss discussed in Note I of the accompanying Notes to Consolidated Financial Statements.

Remediation of the Material Weakness

Management has initiated a remediation plan and has completed the following actions:

• enhanced approval requirements for electronic disbursements;

• increased centralization and levels of review for the processing of disbursements;

• implemented limits on the amount of cash available for disbursement;

• increased internal communications to improve security awareness and to emphasize the importance of exercising professional skepticism;

• established communications protocols for attempted fraudulent disbursements; and

• replaced individuals responsible for the unauthorized use of the company’s assets.

Management began testing its remedial controls during the second quarter of 2016. After the applicable remedial controls operate effectively for a sufficient period of time, management believes that it will be able to conclude that the material weakness has been remediated.

Changes in Internal Control over Financial Reporting

Other than the changes associated with the remediation efforts described above, there was no change in the company's internal control over financial reporting that occurred during the company's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting.

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PART II.  OTHER INFORMATION

Item 1A. Risk Factors

There were no material changes to the company's risk factors as discussed in Item 1A - Risk Factors in the company's Annual Report on Form 10-K for the year ended December 31, 2015.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In September 2015, the company's Board approved a repurchase of up to $400 million of the company's common stock.

The following table shows the share-repurchase activity for the quarter ended July 2, 2016:

Month	Total Number of Shares Purchased (a)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Program (b)	Approximate Dollar Value of Shares that May Yet be Purchased Under the Programs
April 3 through April 30, 2016	—	$	—	—	$	317,281,878
May 1 through May 28, 2016	409,276	61.30		407,741	292,281,928
May 29 through July 2, 2016	98,929	61.26		98,929	286,221,575
Total	508,205			506,670

(a) Includes share repurchases under the Share-Repurchase Program and those associated with shares withheld from employees for stock-based awards, as permitted by the Omnibus Incentive Plan, in order to satisfy the required tax withholding obligations.

(b) The difference between the "total number of shares purchased" and the "total number of shares purchased as part of publicly announced program" for the quarter ended July 2, 2016 is 1,535 shares, which relate to shares withheld from employees for stock-based awards, as permitted by the Omnibus Incentive Plan, in order to satisfy the required tax withholding obligations.  The purchase of these shares were not made pursuant to any publicly announced repurchase plan.

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Item 6. Exhibits

Exhibit Number	Exhibit
31(i)	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31(ii)	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32(i)	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32(ii)	Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Documents.
101.DEF	XBRL Taxonomy Definition Linkbase Document.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		ARROW ELECTRONICS, INC.
Date:	August 2, 2016	By:	/s/ Chris D. Stansbury
			Chris D. Stansbury
			Senior Vice President and Chief Financial Officer

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EX-10.A

Exhibit 10(a)

PARTIAL RELEASE OF RECEIVABLES

This Partial Release of Receivables, dated as of March 11 2016 (this “Release”) is granted by BANK OF AMERICA, NATIONAL ASSOCIATION, as Administrative Agent (as defined below) to ARROW ELECTRONICS FUNDING CORPORATION, a Delaware corporation (the “SPV”), ARROW ELECTRONICS, INC., a New York corporation (“Arrow”) and ARROW ENTERPRISE COMPUTING SOLUTIONS, INC., a Delaware corporation (“AECS”).

1. Reference to Transfer and Administration Agreement. Reference is made to that certain Transfer and Administration Agreement dated as of March 21, 2001 (as amended, restated, supplemented or otherwise modified on or prior to the date hereof, the “TAA”), by and among the SPV, Arrow, individually and as the initial Master Servicer, the Investors party thereto from time to time, the Funding Agents party thereto from time to time, and Bank of America, National Association, a national banking association, as the administrative agent for the Investors (the “Administrative Agent”). Capitalized terms used and not otherwise defined herein have the meanings assigned to such terms in the TAA.

2. Partial Release. The SPV has requested that the Administrative Agent release, and the Administrative Agent hereby releases, any and all interest it may have in the receivables owing by (a) ABC Services Inc as obligor, comprising account number 1253897 and account number 1254241-E, (b) Digital Information Services LLC as obligor, comprising account number 1253976 and account number 1253978-E, (c) DMD Data Systems Inc as obligor, comprising account number 1253982 and account number 1253986-E, (d) Innovative Information Solutions Inc as obligor, comprising account number 1253987 and account number

1253991-E, (e) Integrity Computing Solutions Inc as obligor, comprising account number 1253972 and account number 1253973-E, (f) iTech Solutions Group LLC as obligor, comprising account number 1254102 and account number 1254104-E, (g) Midland Information Systems Inc as obligor, comprising account number 1254005 and account number 1254006-E, (h) Patriot Technologies Inc as obligor, comprising account number 1254001 and account number 1254002- E, (i) Pro Logic Computer Systems Inc as obligor, comprising account number 1253998 and account number 1254261-E, (j) Softential Inc as obligor, comprising account number 1253996 and account number 1253997-E, (k) Vormittag Associates Inc DBA VAI as obligor, comprising account number 1254110 and account number 1254111-E, (l) Worldcom Exchange Inc as obligor, comprising account number 1254112 and account number 1254113-E, (m) Final Frontier Corporation as obligor, comprising account number 1254117 and account number 1254120-E, (n) Information Control Corporation as obligor, comprising account number 1254139 and account number 1254141-E, (o) Mercury Consulting Corporation as obligor, comprising account number 1254135 and account number 1254134-E, (p) E-Tech Services Com Inc as obligor, comprising account number 1254123 and account number 1254236-E, (q) Advanced Integrated Solutions Inc as obligor, comprising account number 1254126 and account number 1254125-E, (r) Alliance Technology Solutions LLC as obligor, comprising account number 1254127 and account number 1254128-E, (s) Associated Computer Systems LLC as obligor, comprising account number 1254129 and account number 1254130-E, (t) Computer Marketing Corporation as obligor, comprising account number 1254131 and account number 1254238-E, (u) Ex-Cel Solutions Incorporated as obligor, comprising account number 1254132 and account number 1254133-E, (v) Corus Group LLC as obligor, comprising account number 1231104 and account number 1244809-E, (w) E Tech Solutions Inc as obligor, comprising account number 1254136 and account number 1254137-E, (x) Software One Inc as obligor, comprising account number 1254176 and account number 1254175-E, (y) Capitalize Data Analytics LLC as obligor, comprising account

number 1254179 and account number 1254180-E, (z) Champion Solutions Group Inc as obligor, comprising account number 1254193 and account number 1254192-E, (aa) Dimension Data North America Inc as obligor, comprising account number 1254203 and account number 1254197-E, (bb) KS2 Technologies Inc as obligor, comprising account number 1254225 and account number 1254223-E, (cc) Levi Ray & Shoup Inc as obligor, comprising account number 1254231 and account number 1254227-E, (dd) Reliaquest LLC as obligor, comprising account number 1254234 and account number 1254233- E, (ee) Sycomp A Technology Company as obligor, comprising account number 1231125 and account number 1231126-E, and (ff) Insight Enterprises Inc as obligor, comprising account number 1254263; in each case as identified as such on the systems of an Originator (collectively, the “Released Receivables”).

3. Representations and Warranties of the SPV and Arrow. To induce the Administrative Agent to enter into this Release, the SPV and Arrow each make the following representations and warranties (which representations and warranties shall survive the execution and delivery of this Release) as of the date hereof and after giving effect to the release herein as of the date hereof:

A. Representations and Warranties. The representations and warranties contained in the Transaction Documents are true and correct on and as of the date hereof, as though made on and as of such date after giving effect to this Release, except for representations and warranties made by the SPV or Arrow expressly stated to relate to an earlier date, in which case such representations and warranties are true and correct as of such earlier date.

B. No Termination Event. After giving effect to this Release, no event has occurred and is continuing that constitutes a Termination Event or a Potential Termination Event.

4. Reliance. The Administrative Agent, on behalf of the Investors, acknowledges and agrees that Arrow may deliver this letter to IBM Credit LLC (“IBM Credit”) and that AECS and IBM Credit may rely on this letter in connection with the consummation of the transactions contemplated under that certain Agreement for the Purchase and Sale of Accounts Receivable dated September 24, 2013, between IBM Credit and AECS, as amended, modified, restated or supplemented from time to time (provided, that the receivables subject thereto may only be amended or modified upon the proper amendment of the definition of “Released Receivables” hereunder pursuant to paragraph 5 below).

5. General. The TAA is confirmed as being in full force and effect. This Release may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Release by telefacsimile, electronic mail, portable document format (PDF) or similar means shall be effective as delivery of a manually

executed counterpart of this Release. The definition of the Released Receivables set forth herein may not be amended without the written consent of each of the parties hereto.

6.GOVERNING LAW.THIS RELEASE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[Remainder of page intentionally left blank. Signature pages follow.]

Each of the undersigned has caused this Release to be executed and delivered by its duly authorized signatory.

BANK OF AMERICA, NATIONAL ASSOCIATION

By:    /s/Jose Ziz-Moncion, Vice President________

#48!8-4954-4494v            Signature Page to Partial Release of Receivables

ARROW ELECTRONICS FUNDING CORPORATION

By:    ___/s/Jason Monaco, Vice President and Treasurer_

ARROW ELECTRONICS, INC.

By:    /s/Jason Monaco, Vice President and Treasurer

ARROW ENTERPRISE COMPUTING SOLUTIONS, INC.

By:    /s/Jason Monaco, Vice President and Treasurer

#4818-4954-4494v4            Signature Page to Partial Release of Receivables

EX-10.B

Exhibit 10(b)

AMENDMENT NO. 3 TO DEALER AGREEMENT

This Amendment No. 3 to the Dealer Agreement, dated as of November 9, 1999 (the “Original Dealer Agreement”), between Goldman, Sachs & Co., J.P. Morgan Securities LLC (f.k.a. Chase Securities Inc.), Morgan Stanley & Co. LLC (f.k.a. Morgan Stanley & Co. Incorporated), Merrill Lynch, Pierce, Fenner & Smith Incorporated (f.k.a. Bank of America Securities LLC) and Arrow Electronics, Inc. (the “Issuer”), as amended by Amendment No. 1, dated as of October 11, 2011, by and among the Issuer and the dealers signatory thereto (“Amendment No. 1”) and Amendment No. 2, dated as of October 20, 2014, by and among the Issuer and the dealers signatory thereto (“Amendment No. 2,” and the Original Dealer Agreement, as amended by Amendment No. 1 and Amendment No. 2, the “Dealer Agreement”), is entered into as of January 6, 2016 (“Amendment No. 3”). Capitalized terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Dealer Agreement.

LLC;

WHEREAS, the Dealer Agreement has been terminated with respect to Morgan Stanley & Co.

WHEREAS, the Issuer desires to have Wells Fargo Securities, LLC be added as an agent and a dealer under the Dealer Agreement,

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the Issuer and Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC agree as follows:

(1) Wells Fargo Securities, LLC (“Wells Fargo”) hereby joins and becomes party to the Dealer Agreement as a Dealer and an Agent thereunder, and shall be entitled to the full benefit and subject to the obligations thereof as a Dealer and an Agent, and Wells Fargo agrees to be bound thereby as an Agent and a Dealer party thereto..

(2) The Dealer Agreement is hereby amended as follows:

a. All references in the Dealer Agreement to “Placement Agents,” “Agents” and “Dealers,” including in the singular or plural, shall be deemed to include Wells Fargo, unless the context indicates otherwise.

b. The following shall be added at the end of the Addendum to the Dealer Agreement:

For Wells Fargo Securities, LLC

Wells Fargo Securities, LLC

550 South Tryon Street, D1086-051

Charlotte, NC 28202

Attention:Commercial Paper Origination

Telephone number: (704) 410-4758

Fax Number:(704) 410-0315

c. The following Sections are hereby added to the Dealer Agreement and made fully a part thereof:

2.12 None of the Issuer, any of its subsidiaries or, to the knowledge of the Issuer, any director, officer, agent, employee, affiliate or other person acting on behalf of the Issuer or

any of its subsidiaries has taken any action, directly or indirectly, that would result in a violation by

such persons of either (i) the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA or (ii) the U.K. Bribery Act 2010 (the “Bribery Act”) and the Issuer and its subsidiaries have conducted their businesses in compliance with the FCPA and the Bribery Act and have instituted and maintain policies and procedures designed to achieve, and which are reasonably expected to achieve, continued compliance therewith.

2.13 The operations of the Issuer and its subsidiaries are and have been conducted in all material respects at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Issuer or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Issuer, threatened.

2.14 None of the Issuer, any of its subsidiaries or, to the knowledge of the Issuer, any director, officer, agent, employee, affiliate or other person acting on behalf of the Issuer or any of its subsidiaries is (i) an individual or entity (“Person”) currently the subject or target of any sanctions administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council (“UNSC”), the European Union, Her Majesty’s Treasury (“HMT”), or other relevant sanctions authority (collectively, “Sanctions”) or (ii) located, organized or resident in a country, region or territory that is the subject of Sanctions that broadly prohibit dealings with, in or involving such country, region or territory (a “Sanctioned Country”). The Issuer will not, directly or indirectly, use the proceeds of the sale of the Notes, or lend, contribute or otherwise make available such proceeds to any subsidiaries, joint venture partners or other Person, to fund any activities of or business with any Person that, at the time of such funding, is the subject of Sanctions, or with, in or involving a country or territory that, at the time of such funding, is a Sanctioned Country, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as underwriter, placement agent, advisor, investor or otherwise) of Sanctions.

Except as amended by this Amendment No. 3, the Dealer Agreement shall remain in full force and effect.

[Signature page follows]

2

IN WllNESS WHEREOF, the parties hereto have caused this Amendment No.3 to be executed as of the date and year first above written.

Arrow Electronics, Inc., as Issuer

By:    /s/Jason Monaco, Vice President and Treasurer

By:    /s/Terry Rasmussen, Assistant Treasurer

[Signature Page to Amendment No. 3 to Dealer Agreement]

Goldman, Sachs, & Co., as Dealer

By:    /s/Nicholas Philip, Authorized Signatory

J.P. Morgan Securities LLC, as Dealer

By:    /s/Johanna C. Foley, Executive Director

Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Dealer

By:    /s/Robert J. Little, Managing Director

Wells Fargo Securities, LLC, as Dealer

By:    /s/Brianna R. Beveridge, Director

[Signature Page to Amendment No. 3 to Dealer Agreement]

EX-31.(I)

Exhibit 31(i)

Arrow Electronics, Inc.

Certification of Chief Executive Officer Pursuant to Section 302 of the

Sarbanes-Oxley Act of 2002

I, Michael J. Long, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Arrow Electronics, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors  (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 2, 2016	By:	/s/ Michael J. Long
			Michael J. Long
			Chairman, President, and Chief Executive Officer

EX-31.(II)

Exhibit 31(ii)

Arrow Electronics, Inc.

Certification of Chief Financial Officer Pursuant to Section 302 of the

Sarbanes-Oxley Act of 2002

I, Chris D. Stansbury, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Arrow Electronics, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors  (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 2, 2016	By:	/s/ Chris D. Stansbury
			Chris D. Stansbury
			Senior Vice President and Chief Financial Officer

EX-32.(I)

Exhibit 32(i)

Arrow Electronics, Inc.

Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant

to Section 906 of the Sarbanes-Oxley Act of 2002 (“Section 906”)

In connection with the Quarterly Report on Form 10-Q of Arrow Electronics, Inc. (the "company") for the quarter ended July 2, 2016 (the "Report"), I, Michael J. Long, Chairman, President, and Chief Executive Officer of the company, certify, pursuant to the requirements of Section 906, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

Date:	August 2, 2016	By:	/s/ Michael J. Long
			Michael J. Long
			Chairman, President, and Chief Executive
			Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the company and will be retained by the company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.(II)

Exhibit 32(ii)

Arrow Electronics, Inc.

Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002 (“Section 906”)

In connection with the Quarterly Report on Form 10-Q of Arrow Electronics, Inc. (the "company") for the quarter ended July 2, 2016 (the "Report"), I, Chris D. Stansbury, Senior Vice President and Chief Financial Officer of the company, certify, pursuant to the requirements of Section 906, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

Date:	August 2, 2016	By:	/s/ Chris D. Stansbury
			Chris D. Stansbury
			Senior Vice President and Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the company and will be retained by the company and furnished to the Securities and Exchange Commission or its staff upon request.

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Document and Entity Information Document - shares	6 Months Ended
	Jul. 02, 2016	Jul. 29, 2016
Document Information [Line Items]
Entity Registrant Name	Arrow Electronics Inc
Entity Central Index Key	0000007536
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 02, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		91,265,987
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Sales		$ 5,972,101	$ 5,829,989	$ 11,446,278	$ 10,832,374
Costs and expenses:
Cost of sales		5,173,310	5,061,394	9,898,589	9,378,457
Selling, general, and administrative expenses		518,704	504,754	1,024,517	959,284
Depreciation and amortization		40,389	39,751	81,322	76,913
Restructuring, integration, and other charges		16,106	17,147	36,894	33,343
Total Costs and Expenses		5,748,509	5,623,046	11,041,322	10,447,997
Operating income		223,592	206,943	404,956	384,377
Equity in earnings of affiliated companies		2,227	1,903	4,083	3,216
Interest and other financing expense, net		39,024	34,696	74,599	65,550
Other expense, net		0	1,500	0	2,435
Income before income taxes		186,795	172,650	334,440	319,608
Provision for income taxes		51,457	47,967	92,510	88,834
Consolidated net income		135,338	124,683	241,930	230,774
Noncontrolling interests		1,068	751	1,425	784
Net income attributable to shareholders		$ 134,270	$ 123,932	$ 240,505	$ 229,990
Net income per share:
Basic		$ 1.46	$ 1.30	$ 2.62	$ 2.40
Diluted	[1]	$ 1.45	$ 1.28	$ 2.59	$ 2.37
Weighted-average shares outstanding:
Basic		91,782	95,638	91,647	95,776
Diluted		92,693	96,649	92,771	96,874

[1] Stock-based compensation awards for the issuance of 848,000 and 987,000 shares for the second quarter and first six months of 2016 and 709,000 and 607,000 shares for the second quarter and first six months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Consolidated net income	$ 135,338	$ 124,683	$ 241,930	$ 230,774
Other comprehensive income:
Foreign currency translation adjustment	(51,510)	47,727	21,669	(150,660)
Unrealized gain (loss) on investment securities, net	(2,030)	2,169	(3,681)	2,293
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net	93	(230)	184	693
Employee benefit plan items, net	3,844	882	4,764	1,724
Other comprehensive income (loss)	(49,603)	50,548	22,936	(145,950)
Comprehensive income	85,735	175,231	264,866	84,824
Less: Comprehensive income (loss) attributable to noncontrolling interests	(150)	751	2,215	784
Comprehensive income attributable to shareholders	$ 85,885	$ 174,480	$ 262,651	$ 84,040

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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jul. 02, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents		$ 495,771	$ 273,090
Accounts receivable, net		5,704,633	6,161,418
Inventories, net		2,504,121	2,466,490
Other current assets		331,159	285,473
Total current assets		9,035,684	9,186,471
Property, plant, and equipment, at cost:
Land		23,723	23,547
Buildings and improvements		171,125	162,011
Machinery and equipment		1,322,470	1,250,115
Property, plant, and equipment, gross		1,517,318	1,435,673
Less: Accumulated depreciation and amortization		(779,767)	(735,495)
Property, plant, and equipment, net		737,551	700,178
Investments in affiliated companies		75,985	73,376
Intangible assets, net		365,603	389,326
Cost in excess of net assets of companies acquired	[1]	2,418,958	2,368,832
Other assets		313,025	303,747
Total assets		12,946,806	13,021,930
LIABILITIES AND EQUITY
Accounts payable		4,644,655	5,192,665
Accrued expenses		701,960	819,463
Short-term borrowings, including current portion of long-term debt		111,259	44,024
Total current liabilities		5,457,874	6,056,152
Long-term debt		2,619,003	2,380,575
Other liabilities		421,048	390,392
Equity:
Issued - 125,424 shares in both 2016 and 2015		125,424	125,424
Capital in excess of par value		1,092,323	1,107,314
Treasury stock (34,073 and 34,501 shares in 2016 and 2015, respectively), at cost		(1,475,671)	(1,480,069)
Retained earnings		4,914,985	4,674,480
Accumulated other comprehensive loss		(262,560)	(284,706)
Total shareholders' equity		4,394,501	4,142,443
Noncontrolling interests		54,380	52,368
Total equity		4,448,881	4,194,811
Total liabilities and equity		$ 12,946,806	$ 13,021,930

[1] The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

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CONSOLIDATED BALANCE SHEETS Parenthetical - $ / shares shares in Thousands	Jul. 02, 2016	Dec. 31, 2015
Common Stock, Par or Stated Value Per Share	$ 1.00	$ 1.00
Common Stock, Shares Authorized	160,000	160,000
Common Stock, Shares, Issued	125,424	125,424
Treasury Stock, Shares	34,073	34,501

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Cash flows from operating activities:
Consolidated net income	$ 241,930	$ 230,774
Adjustments to reconcile consolidated net income to net cash provided by operations:
Depreciation and amortization	81,322	76,913
Amortization of stock-based compensation	19,275	22,006
Equity in earnings of affiliated companies	(4,083)	(3,216)
Deferred income taxes	27,669	26,506
Excess tax benefits from stock-based compensation arrangements	(4,939)	(5,842)
Other	2,954	4,574
Change in assets and liabilities, net of effects of acquired businesses:
Accounts receivable	529,246	1,079,153
Inventories	(22,490)	(82,825)
Accounts payable	(606,678)	(1,020,150)
Accrued expenses	(114,741)	(99,366)
Other assets and liabilities	(38,137)	(9,089)
Net cash provided by operating activities	111,328	219,438
Cash flows from investing activities:
Cash consideration paid for acquired businesses	(45,473)	(470,674)
Acquisition of property, plant, and equipment	(88,336)	(68,820)
Other	(12,000)	2,008
Net cash used for investing activities	(145,809)	(537,486)
Cash flows from financing activities:
Change in short-term and other borrowings	67,611	(3,817)
Proceeds from long-term bank borrowings, net	233,000	34,400
Net proceeds from note offering	0	688,162
Redemption of notes	0	(254,313)
Proceeds from exercise of stock options	14,844	14,474
Excess tax benefits from stock-based compensation arrangements	4,939	5,842
Repurchases of common stock	(46,833)	(156,424)
Other	(3,000)	(3,000)
Net cash provided by financing activities	270,561	325,324
Effect of exchange rate changes on cash	(13,399)	(7,910)
Net increase (decrease) in cash and cash equivalents	222,681	(634)
Cash and cash equivalents at beginning of period	273,090	400,355
Cash and cash equivalents at end of period	$ 495,771	$ 399,721

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Basis of Presentation

6 Months Ended

Jul. 02, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Basis of Presentation

The accompanying consolidated financial statements of Arrow Electronics, Inc. (the "company") were prepared in accordance with accounting principles generally accepted in the United States and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position and results of operations at and for the periods presented.  The consolidated results of operations for the interim periods are not necessarily indicative of results for the full year.

These consolidated financial statements do not include all of the information or notes necessary for a complete presentation and, accordingly, should be read in conjunction with the company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2015, as filed in the company's Annual Report on Form 10-K.

Quarter End

The company operates on a quarterly calendar that closes on the Saturday closest to the end of the calendar quarter, except for the third quarter of 2015, which closed on September 26, 2015.

Reclassification

Certain prior period amounts were reclassified to conform to the current period presentation.

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Impact of Recently Issued Accounting Standards

6 Months Ended

Jul. 02, 2016

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies [Text Block]

Impact of Recently Issued Accounting Standards

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326) ("ASU No. 2016-13"). ASU No. 2016-13 revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. ASU No. 2016-13 is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted, and is to be applied using a modified retrospective approach. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-13.

In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Stock Compensation - Improvements to Employee Share-Based Payment Accounting (Topic 718) ("ASU No. 2016-09"). ASU No. 2016-09 revises the accounting treatment for excess tax benefits, minimum statutory tax withholding requirements, and forfeitures related to share-based awards. ASU No. 2016-09 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted, and is to be applied using either a retrospective or a modified retrospective approach. The adoption of the provisions of ASU No. 2016-09 is not expected to have a material impact on the company's consolidated financial position or results of operations.

In March 2016, the FASB issued Accounting Standards Update No. 2016-06, Derivatives and Hedging - Contingent Put and Call Options in Debt Instruments (Topic 815) ("ASU No. 2016-06"). ASU No. 2016-06 clarifies the steps required to assess whether a call or put option meets the criteria for bifurcation as an embedded derivative. ASU No. 2016-06 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted, and is to be applied using a modified retrospective approach. Effective April 3, 2016, the company adopted the provisions of ASU No. 2016-06. The adoption of the provisions of ASU No. 2016-06 did not materially impact the company's consolidated financial position or results of operations.

In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) ("ASU No. 2016-02"). ASU No. 2016-02 requires the entity to recognize the assets and liabilities for the rights and obligations created by leased assets. Leases will be classified as either finance or operating, with classification affecting expense recognition in the income statement. ASU No. 2016-02 is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted, and is to be applied using a modified retrospective approach. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-02.

In January 2016, the FASB issued Accounting Standards Update No. 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825) ("ASU No. 2016-01"). ASU No. 2016-01 revises the classification and measurement of investments in certain equity investments and the presentation of certain fair value changes for certain financial liabilities measured at fair value. ASU No. 2016-01 requires the change in fair value of many equity investments to be recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-01.

In November 2015, the FASB issued Accounting Standards Update No. 2015-17, Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740) ("ASU No. 2015-17"). ASU No. 2015-17 requires deferred tax liabilities and assets to be classified as noncurrent in the consolidated balance sheet. ASU No. 2015-17 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted. ASU No. 2015-17 may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The adoption of the provisions of ASU No. 2015-17 is not expected to have a material impact on the company's consolidated financial position or results of operations.

In July 2015, the FASB issued Accounting Standards Update No. 2015-11, Inventory - Simplifying the Measurement of Inventory (Topic 330) ("ASU No. 2015-11"). ASU No. 2015-11 requires an entity to measure inventory within the scope of the update at the lower of cost and net realizable value, and defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Effective January 1, 2016, the company adopted the provisions of ASU No. 2015-11. The adoption of the provisions of ASU No. 2015-11 did not materially impact the company's consolidated financial position or results of operations.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU No. 2014-09"). ASU No. 2014-09 supersedes all existing revenue recognition guidance. Under ASU No. 2014-09, an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 is effective for interim and annual periods beginning after December 15, 2017, with early application permitted for interim and annual periods beginning after December 15, 2016. ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption. In March, April, and May 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers, Principal versus Agent Considerations (Reporting Revenue Gross versus Net) ("ASU No. 2016-08"); ASU No. 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing ("ASU No. 2016-10"); and ASU No. 2016-12, Revenue from Contracts with Customers, Narrow-Scope Improvements and Practical Expedients ("ASU No. 2016-12"), respectively. ASU No. 2016-08, ASU No. 2016-10, and ASU No. 2016-12 provide supplemental adoption guidance and clarification to ASU No. 2014-09, and must be adopted concurrently with the adoption of ASU No. 2014-09. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2014-09, ASU No. 2016-08, ASU No. 2016-10, and ASU No. 2016-12.

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Acquisitions

6 Months Ended

Jul. 02, 2016

Business Combinations [Abstract]

Acquisitions [Text Block]

Acquisitions

2016 Acquisitions

During the first six months of 2016, the company completed two acquisitions for $44,591, net of cash acquired. The impact of these acquisitions was not material to the company's consolidated financial position or results of operations. The pro forma impact of the 2016 acquisitions on the consolidated results of operations of the company for the first six months of 2016 and 2015 as though the acquisitions occurred on January 1 was also not material.

2015 Acquisitions

On March 31, 2015, the company acquired immixGroup, Inc. ("immixGroup"), for a purchase price of $280,454, which included $28,205 of cash acquired. immixGroup is a value-added provider supporting value-added resellers, solution providers, service providers, and other public sector channel partners with specialized resources to accelerate their government sales. immixGroup has operations in North America.

Since the date of the acquisition, immixGroup sales for the first six months of 2016 and 2015 of $225,726 and $96,524, respectively, were included in the company's consolidated results of operations.

The following table summarizes the allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the immixGroup acquisition:

Accounts receivable, net	$	145,130
Other current assets	24,181
Property, plant, and equipment	1,569
Other assets	5,313
Identifiable intangible assets	46,400
Cost in excess of net assets acquired	183,840
Accounts payable	(136,921		)
Accrued expenses	(11,736		)
Other liabilities	(5,527		)
Cash consideration paid, net of cash acquired	$	252,249

In connection with the immixGroup acquisition, the company allocated $44,000 to customer relationships with a life of 13 years and $2,400 to amortizable trade name with a life of 5 years.

The cost in excess of net assets acquired related to the immixGroup acquisition was recorded in the company's global enterprise computing solutions ("ECS") business segment. The intangible assets related to the immixGroup acquisition are expected to be deductible for income tax purposes.

During 2015, the company completed nine additional acquisitions for an aggregate purchase price of approximately $263,341, net of cash acquired, inclusive of an initial 53.7% acquisition of Data Modul AG, and an additional 3.6% acquired subsequent to the original date of acquisition. The company also assumed $84,487 in debt in connection with these acquisitions. The impact of these acquisitions was not material, individually or in the aggregate, to the company's consolidated financial position or results of operations.

The following table summarizes the company's unaudited consolidated results of operations for the second quarter and first six months of 2015, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2015 acquisitions occurred on January 1:

	Quarter Ended				Six Months Ended
	June 27, 2015				June 27, 2015
	As Reported		Pro Forma		As Reported		Pro Forma
Sales	$	5,829,989	$	5,926,340	$	10,832,374	$	11,229,132
Net income attributable to shareholders	123,932		124,342		229,990		232,717
Net income per share:
Basic	$	1.30	$	1.30	$	2.40	$	2.43
Diluted	$	1.28	$	1.29	$	2.37	$	2.40

The unaudited pro forma consolidated results of operations do not purport to be indicative of the results obtained had these acquisitions occurred as of the beginning of 2015, or of those results that may be obtained in the future. Additionally, the above table does not reflect any anticipated cost savings or cross-selling opportunities expected to result from these acquisitions.

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Cost in Excess of Net Assets of Companies Acquired

6 Months Ended

Jul. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net

Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net

Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist.

Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows:

	Global Components		Global ECS		Total
Balance as of December 31, 2015 (a)	$	1,230,832	$	1,138,000	$	2,368,832
Acquisitions and related adjustments	2,224		39,613		41,837
Foreign currency translation adjustment	2,359		5,930		8,289
Balance as of July 2, 2016 (a)	$	1,235,415	$	1,183,543	$	2,418,958

(a) The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

Intangible assets, net, are comprised of the following as of July 2, 2016:

	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	494,506		(238,118		)	256,388
Developed technology	5 years	14,199		(10,203		)	3,996
Other intangible assets	(b)	7,903		(3,684		)	4,219
		$	617,608	$	(252,005	)	$	365,603

(b) Consists of non-competition agreements, sales backlog, and an amortizable trade name with useful lives ranging from two to five years.

Intangible assets, net, are comprised of the following as of December 31, 2015:

	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	498,319		(215,263		)	283,056
Developed technology	5 years	13,154		(7,894		)	5,260
Other intangible assets	(c)	917		(907		)	10
		$	613,390	$	(224,064	)	$	389,326

(c) Consists of non-competition agreements with useful lives ranging from two to three years.

During the second quarters of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $14,446 and $13,917, respectively.

During the first six months of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $27,359 and $25,024, respectively.

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Investments in Affiliated Companies

6 Months Ended

Jul. 02, 2016

Equity Method Investments and Joint Ventures [Abstract]

Investments in Affiliated Companies [Text Block]

Investments in Affiliated Companies

The company owns a 50% interest in several joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and a 50% interest in Arrow Altech Holdings (Pty.) Ltd ("Altech Industries"), a joint venture with Allied Technologies Limited. As a result of one of the company's 2015 acquisitions, the company acquired a 50% interest in two immaterial joint ventures which are included in "Other" in the tables below. These investments are accounted for using the equity method.

The following table presents the company's investment in the following joint ventures:

	July 2, 2016		December 31, 2015
Marubun/Arrow	$	64,042	$	62,530
Altech Industries	9,311		8,261
Other	2,632		2,585
	$	75,985	$	73,376

The equity in earnings of affiliated companies consists of the following:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Marubun/Arrow	$	1,846	$	1,609	$	3,510	$	2,753
Altech Industries	317		201		518		332
Other	64		93		55		131
	$	2,227	$	1,903	$	4,083	$	3,216

Under the terms of various joint venture agreements, the company is required to pay its pro-rata share of the third party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations. At July 2, 2016, the company's pro-rata share of this debt was approximately $1,250. The company believes that there is sufficient equity in each of the joint ventures to meet their obligations.

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Accounts Receivable

6 Months Ended

Jul. 02, 2016

Receivables [Abstract]

Accounts Receivable [Text Block]

Accounts Receivable

Accounts receivable, net, consists of the following:

	July 2, 2016			December 31, 2015
Accounts receivable	$	5,754,519		$	6,211,077
Allowances for doubtful accounts	(49,886		)	(49,659		)
Accounts receivable, net	$	5,704,633		$	6,161,418

The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.  The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience.

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Debt

6 Months Ended

Jul. 02, 2016

Debt Disclosure [Abstract]

Debt [Text Block]

Debt

At July 2, 2016 and December 31, 2015, short-term borrowings of $111,259 and $44,024, respectively, were primarily utilized to support the working capital requirements. The weighted-average interest rate on these borrowings was .94% and 3.30% at July 2, 2016 and December 31, 2015, respectively.

Long-term debt consists of the following:

	July 2, 2016		December 31, 2015
Revolving credit facility	$	45,000	$	72,000
Asset securitization program	335,000		75,000
6.875% senior debentures, due 2018	199,117		198,886
3.00% notes, due 2018	298,602		298,197
6.00% notes, due 2020	299,058		298,932
5.125% notes, due 2021	248,705		248,566
3.50% notes, due 2022	345,415		345,061
4.50% notes, due 2023	296,417		296,194
4.00% notes, due 2025	344,356		344,092
7.50% senior debentures, due 2027	198,440		198,366
Interest rate swaps designated as fair value hedges	2,252		711
Other obligations with various interest rates and due dates	6,641		4,570
	$	2,619,003	$	2,380,575

The 7.50% senior debentures are not redeemable prior to their maturity.  The 6.875% senior debentures, 3.00% notes, 6.00% notes, 5.125% notes, 3.50% notes, 4.50% notes, and 4.00% notes may be called at the option of the company subject to "make whole" clauses.

The estimated fair market value, using quoted market prices, is as follows:

	July 2, 2016		December 31, 2015
6.875% senior debentures, due 2018	$	216,000	$	218,000
3.00% notes, due 2018	303,000		303,000
6.00% notes, due 2020	332,500		330,000
5.125% notes, due 2021	270,500		267,500
3.50% notes, due 2022	358,000		343,000
4.50% notes, due 2023	319,500		309,000
4.00% notes, due 2025	358,500		336,000
7.50% senior debentures, due 2027	252,500		238,000

The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, and other obligations approximate their fair value.

The company has a $1,500,000 revolving credit facility maturing in December 2018. This facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions, and as support for the company's commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or a euro currency rate plus a spread (1.30% at July 2, 2016), which is based on the company's credit ratings, or an effective interest rate of 1.71% at July 2, 2016. The facility fee, which is based on the company's credit ratings, was .20% at July 2, 2016.  The company had $45,000 and $72,000 in outstanding borrowings under the revolving credit facility at July 2, 2016 and December 31, 2015, respectively.

The company has an asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $900,000 under the asset securitization program, which matures in March 2017. The outstanding borrowings have been classified as long-term debt as of July 2, 2016 based on the company’s intent and ability to refinance on a long-term basis by borrowing funds under the revolving credit facility or through refinancing the existing asset securitization program on a long-term basis. The asset securitization program is conducted through Arrow Electronics Funding Corporation ("AFC"), a wholly-owned, bankruptcy remote subsidiary. The asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company's consolidated balance sheets. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread (.40% at July 2, 2016), which is based on the company's credit ratings, or an effective interest rate of .95% at July 2, 2016. The facility fee is .40%.

At July 2, 2016 and December 31, 2015, the company had $335,000 and $75,000, respectively, in outstanding borrowings under the asset securitization program, which was included in "Long-term debt" in the company's consolidated balance sheets. Total collateralized accounts receivable of approximately $1,729,000 and $1,871,831, respectively, were held by AFC and were included in "Accounts receivable, net" in the company's consolidated balance sheets. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings before repayment of any outstanding borrowings under the asset securitization program.

Both the revolving credit facility and asset securitization program include terms and conditions that limit the incurrence of additional borrowings and require that certain financial ratios be maintained at designated levels. The company was in compliance with all covenants as of July 2, 2016 and is currently not aware of any events that would cause non-compliance with any covenants in the future.  

During February 2015, the company completed the sale of $350,000 principal amount of 3.50% notes due in 2022 and $350,000 principal amount of 4.00% notes due in 2025. The net proceeds of the offering of $688,162 were used to refinance the company's 3.375% notes due November 2015 and for general corporate purposes.

During February 2015, the company redeemed $250,000 principal amount of its 3.375% notes due November 2015. The related loss on the redemption for 2015 was $2,943 and was recognized as a loss on prepayment of debt, which was included in "Other expense, net" in the company's consolidated statements of operations.

The company has a $100,000 uncommitted line of credit. There were no outstanding borrowings under the uncommitted line of credit at July 2, 2016 and December 31, 2015.

Interest and other financing expense, net, includes interest and dividend income of $1,376 and $3,390 for the second quarter and first six months of 2016, respectively. Interest and other financing expense, net, includes interest and dividend income of $1,489 and $2,462 for the second quarter and first six months of 2015, respectively.

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Financial Instruments Measured at Fair Value

6 Months Ended

Jul. 02, 2016

Fair Value Disclosures [Abstract]

Financial Instruments Measured At Fair Value [Text Block]

Financial Instruments Measured at Fair Value

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value.  The fair value hierarchy has three levels of inputs that may be used to measure fair value:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.

The following table presents assets (liabilities) measured at fair value on a recurring basis at July 2, 2016:

	Level 1		Level 2		Level 3			Total
Available-for-sale securities	$	35,980	$	—	$	—		$	35,980
Interest rate swaps	—		2,252		—			2,252
Foreign exchange contracts	—		2,139		—			2,139
Contingent consideration	—		—		(2,522		)	(2,522		)
	$	35,980	$	4,391	$	(2,522	)	$	37,849

The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2015:

	Level 1		Level 2			Level 3			Total
Available-for-sale securities	$	41,178	$	—		$	—		$	41,178
Interest rate swaps	—		711			—			711
Foreign exchange contracts	—		(738		)	—			(738		)
Contingent consideration	—		—			(3,889		)	(3,889		)
	$	41,178	$	(27	)	$	(3,889	)	$	37,262

Assets and liabilities that are measured at fair value on a nonrecurring basis relate primarily to goodwill and identifiable intangible assets (see Note C). The company tests these assets for impairment if indicators of potential impairment exist. 

During the first six months of 2016 and 2015, there were no transfers of assets (liabilities) measured at fair value between the three levels of the fair value hierarchy.

Available-For-Sale Securities

The company has an 8.4% equity ownership interest in Marubun Corporation ("Marubun") and a portfolio of mutual funds with quoted market prices, all of which are accounted for as available-for-sale securities.

The fair value of the company's available-for-sale securities is as follows:

	July 2, 2016				December 31, 2015
	Marubun		Mutual Funds		Marubun		Mutual Funds
Cost basis	$	10,016	$	17,485	$	10,016	$	17,389
Unrealized holding gain	3,239		5,240		8,708		5,065
Fair value	$	13,255	$	22,725	$	18,724	$	22,454

The fair value of these investments are included in "Other assets" in the company's consolidated balance sheets, and the related unrealized holding gains or losses are included in "Accumulated other comprehensive loss" in the shareholders' equity section in the company's consolidated balance sheets.

Derivative Instruments

The company uses various financial instruments, including derivative instruments, for purposes other than trading.  Certain derivative instruments are designated at inception as hedges and measured for effectiveness both at inception and on an ongoing basis. Derivative instruments not designated as hedges are marked-to-market each reporting period with any unrealized gains or losses recognized in earnings.

Interest Rate Swaps

The company occasionally enters into interest rate swap transactions that convert certain fixed-rate debt to variable-rate debt or variable-rate debt to fixed-rate debt in order to manage its targeted mix of fixed- and floating-rate debt. The company uses the hypothetical derivative method to assess the effectiveness of its interest rate swaps on a quarterly basis. The effective portion of the change in the fair value of interest rate swaps designated as fair value hedges is recorded as a change to the carrying value of the related hedged debt, and the effective portion of the change in fair value of interest rate swaps designated as cash flow hedges is recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive loss." The ineffective portion of the interest rate swap, if any, is recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations.

In January 2015, the company entered into four seven-year forward-starting interest rate swaps (the "2015 swaps") which locked in an average treasury rate of 1.98% on a total aggregate notional amount of $200,000. These 2015 swaps were designated as cash flow hedges and managed the risk associated with changes in treasury rates and the impact of future interest payments on the anticipated debt issuances to replace the company's 3.375% notes due to mature in November 2015. In February 2015, the company received $896 in connection with the termination of the 2015 swaps upon issuance of the seven-year notes due in 2022. The fair value of the 2015 swaps is recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive loss" and is being reclassified into income over the seven-year term of the notes due in 2022. For the 2015 swaps, the company reclassified into income $30 and $59 for the second quarter and first six months of 2016, respectively. The company reclassified into income $30 and $39 for the second quarter and first six months of 2015, respectively.

In April 2014, the company entered into an interest rate swap, with a notional amount of $50,000. The swap modifies the company's interest rate exposure by effectively converting a portion of the fixed 6.00% notes to a floating rate, based on the six-month U.S. dollar LIBOR plus a spread (an effective interest rate of 4.88% at July 2, 2016), through its maturity. The swap is classified as a fair value hedge and had a fair value of $1,758 at July 2, 2016.

In April 2014, the company entered into an interest rate swap, with a notional amount of $50,000. The swap modifies the company's interest rate exposure by effectively converting a portion of the fixed 6.875% senior debentures to a floating rate, based on the six-month U.S. dollar LIBOR plus a spread (an effective interest rate of 6.41% at July 2, 2016), through its maturity. The swap is classified as a fair value hedge and had a fair value of $494 at July 2, 2016.

Foreign Exchange Contracts

The company enters into foreign exchange forward, option, or swap contracts (collectively, the "foreign exchange contracts") to mitigate the impact of changes in foreign currency exchange rates.  These contracts are executed to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and generally have terms of no more than six months. Gains or losses on these contracts are deferred and recognized when the underlying future purchase or sale is recognized or when the corresponding asset or liability is revalued. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions.  The fair value of the foreign exchange contracts are estimated using market quotes.  The notional amount of the foreign exchange contracts at July 2, 2016 and December 31, 2015 was $367,332 and $382,025, respectively.

The fair values of derivative instruments in the company's consolidated balance sheets are as follows:

	Asset (Liability) Derivatives
		Fair Value
	Balance Sheet Location	July 2, 2016			December 31, 2015
Derivative instruments designated as hedges:
Interest rate swaps designated as fair value hedges	Other liabilities	$	—		$	—
Interest rate swaps designated as fair value hedges	Other assets	2,252			711
Foreign exchange contracts designated as cash flow hedges	Other current assets	77			896
Foreign exchange contracts designated as cash flow hedges	Accrued expenses	(874		)	(572		)
Total derivative instruments designated as hedging instruments		1,455			1,035
Derivative instruments not designated as hedges:
Foreign exchange contracts	Other current assets	4,764			1,729
Foreign exchange contracts	Accrued expenses	(1,828		)	(2,791		)
Total derivative instruments not designated as hedging instruments		2,936			(1,062		)
Total		$	4,391		$	(27	)

The effect of derivative instruments on the company's consolidated statements of operations is as follows:

	Gain (Loss) Recognized in Income
	Quarter Ended					Six Months Ended
	July 2, 2016		June 27, 2015			July 2, 2016		June 27, 2015
Derivative instruments not designated as hedges:
Foreign exchange contracts (a)	$	4,660	$	(1,187	)	$	1,612	$	(379	)
Total	$	4,660	$	(1,187	)	$	1,612	$	(379	)

	Cash Flow Hedges
	Quarter Ended						Six Months Ended
	July 2, 2016						July 2, 2016
	Interest Rate Swaps (b)			Foreign Exchange Contracts (c)			Interest Rate Swaps (b)			Foreign Exchange Contracts (c)
Effective portion:
Gain (loss) recognized in other comprehensive income	$	—		$	543		$	—		$	(534	)
Loss reclassified into income	$	(150	)	$	(469	)	$	(299	)	$	(1,091	)
	Cash Flow Hedges
	Quarter Ended						Six Months Ended
	June 27, 2015						June 27, 2015
	Interest Rate Swaps (b)			Foreign Exchange Contracts (c)			Interest Rate Swaps (b)			Foreign Exchange Contracts (c)
Effective portion:
Gain (loss) recognized in other comprehensive income	$	—		$	(2,245	)	$	827		$	437
Gain (loss) reclassified into income	$	(141	)	$	163		$	(302	)	$	(678	)
Ineffective portion:
Gain recognized in income	$	—		$	—		$	69		$	—

(a) The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations.

(b) Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. The gain (loss) amounts reclassified into income relate to the termination of swaps.

(c) Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations.

Other

The carrying amount of cash and cash equivalents, accounts receivable, net, and accounts payable approximate their fair value due to the short maturities of these financial instruments.

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Restructuring, Integration, and Other Charges

6 Months Ended

Jul. 02, 2016

Restructuring Charges [Abstract]

Restructuring, Integration and Other Charges [Text Block]

Restructuring, Integration, and Other Charges

The following table presents the components of the restructuring, integration, and other charges:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Restructuring and integration charges - current period actions	$	7,652	$	9,875	$	10,103	$	19,185
Restructuring and integration charges - actions taken in prior periods	1,838		268		3,961		678
Other charges	6,616		7,004		22,830		13,480
	$	16,106	$	17,147	$	36,894	$	33,343

2016 Restructuring and Integration Charges

The following table presents the components of the 2016 restructuring and integration charges and activity in the related restructuring and integration accrual for the first six months of 2016:

	Personnel Costs			Facilities Costs			Other			Total
Restructuring and integration charges	$	7,529		$	2,473		$	101		$	10,103
Payments	(2,696		)	(312		)	(75		)	(3,083		)
Foreign currency translation	(113		)	(12		)	(15		)	(140		)
Balance as of July 2, 2016	$	4,720		$	2,149		$	11		$	6,880

These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

2015 Restructuring and Integration Charges

The following table presents the activity in the restructuring and integration accrual for the first six months of 2016 related to the 2015 restructuring and integration:

	Personnel  Costs			Facilities Costs			Other			Total
Balance as of December 31, 2015	$	16,321		$	403		$	159		$	16,883
Restructuring and integration charges	1,830			2,209			—			4,039
Payments	(13,982		)	(440		)	(31		)	(14,453		)
Foreign currency translation	(18		)	2			—			(16		)
Balance as of July 2, 2016	$	4,151		$	2,174		$	128		$	6,453

Restructuring and Integration Accruals Related to Actions Taken Prior to 2015

The following table presents the activity in the restructuring and integration accruals for the first six months of 2016 related to restructuring and integration actions taken prior to 2015:

	Personnel Costs			Facilities Costs			Other			Total
Balance as of December 31, 2015	$	2,754		$	2,341		$	—		$	5,095
Restructuring and integration charges (credits)	(308		)	(64		)	294			(78		)
Payments	(981		)	(964		)	(378		)	(2,323		)
Foreign currency translation	40			(19		)	84			105
Balance as of July 2, 2016	$	1,505		$	1,294		$	—		$	2,799

Restructuring and Integration Accrual Summary

In summary, the restructuring and integration accruals aggregate $16,132 at July 2, 2016, all of which are expected to be spent in cash, and are expected to be utilized as follows:

• The accruals for personnel costs totaling $10,376 relate to the termination of personnel that have scheduled payouts of $7,908 in 2016, $2,129 in 2017, $306 in 2018, $17 in 2019, and $16 in 2020.

• The accruals for facilities totaling $5,617 relate to vacated leased properties that have scheduled payments of $4,016 in 2016, $813 in 2017, $667 in 2018, and $121 in 2019.

• Other accruals of $139 are expected to be spent within one year.

Other Charges

Included in restructuring, integration, and other charges for the second quarter and first six months of 2016 are fraud loss, acquisition-related, and other expenses of $6,616 and $22,830, respectively. The company determined that it was the target of criminal fraud by persons impersonating a company executive, which resulted in unauthorized transfers of cash from a company account in Europe to outside bank accounts in Asia in January 2016.  An independent investigation and legal actions by the company and law enforcement are ongoing.  To date, the information gathered by the company indicates that this is an isolated event not associated with a security breach or loss of data.  Additionally, no officers or employees of the company were involved in the fraud. During the first six months of 2016, the Company recorded a fraud loss, net of insurance recoveries, of $3,942. During the second quarter of 2016, the company recorded a credit of $9,253, which included insurance recoveries and incremental expenses related to the fraud loss. Included within “Other current assets” is approximately $29,000 of cash frozen in outside bank accounts that the company believes is probable of recovery. The charges for the second quarter and first six months of 2016 of $3,334 and $4,956, respectively, related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional and other fees directly related to recent acquisition activity. During 2016, the company adopted an amendment to its Wyle defined benefit plan and incurred a settlement expense of $12,211 during the second quarter of 2016.

Included in restructuring, integration, and other charges for the second quarter and first six months of 2015 are acquisition-related expenses of $7,004 and $13,480, respectively, consisting of charges related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional fees directly related to recent acquisition activity.

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Net Income per Share

6 Months Ended

Jul. 02, 2016

Earnings Per Share [Abstract]

Net Income per Share [Text Block]

Net Income per Share

The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands):

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Net income attributable to shareholders	$	134,270	$	123,932	$	240,505	$	229,990
Weighted-average shares outstanding - basic	91,782		95,638		91,647		95,776
Net effect of various dilutive stock-based compensation awards	911		1,011		1,124		1,098
Weighted-average shares outstanding - diluted	92,693		96,649		92,771		96,874
Net income per share:
Basic	$	1.46	$	1.30	$	2.62	$	2.40
Diluted (a)	$	1.45	$	1.28	$	2.59	$	2.37

(a) Stock-based compensation awards for the issuance of 848,000 and 987,000 shares for the second quarter and first six months of 2016 and 709,000 and 607,000 shares for the second quarter and first six months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

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Shareholders' Equity

6 Months Ended

Jul. 02, 2016

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in Accumulated other comprehensive income (loss), excluding non-controlling interests:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Foreign Currency Translation Adjustment:
Other comprehensive income (loss) before reclassifications (a)	$	(50,181	)	$	47,890		$	19,788		$	(151,338	)
Amounts reclassified into income	(111		)	(163		)	1,091			678
Unrealized Gain (Loss) on Investment Securities, Net:
Other comprehensive income (loss) before reclassifications	(2,030		)	2,169			(3,681		)	2,293
Amounts reclassified into income	—			—			—			—
Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Other comprehensive income (loss) before reclassifications	—			(346		)	—			550
Amounts reclassified into income	93			116			184			143
Employee Benefit Plan Items, Net:
Other comprehensive income before reclassifications	31			35			72			69
Amounts reclassified into income	3,813			847			4,692			1,655
Net change in Accumulated other comprehensive income (loss)	$	(48,385	)	$	50,548		$	22,146		$	(145,950	)

(a) Includes intra-entity foreign currency transactions that are of a long-term investment nature of $3,982 and $(28,819) for the second quarter and first six months of 2016 and $600 and $45,863 for the second quarter and first six months of 2015, respectively.

Share-Repurchase Program

In September 2015, the company's Board approved a repurchase of up to $400,000 of the company's common stock. As of July 2, 2016, the company repurchased 1,982,894 shares under the program with a market value of $113,778 at the dates of repurchase, of which 506,670 shares with a market value of $31,060 were repurchased during the second quarter of 2016.

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Employee Benefit Plans

6 Months Ended

Jul. 02, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans [Text Block]

Employee Benefit Plans

In 2016, the company adopted an amendment to its Wyle defined benefit plan that provided eligible plan participants with the option to receive an early distribution of their pension benefits. Lump sum payments of $26,063 were made during June 2016 and the company incurred a settlement expense of $12,211.

The components of the net periodic benefit costs for the Wyle defined benefit plan are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Components of net periodic benefit costs:
Service cost	$	—		$	—		$	—		$	—
Interest cost	1,328			1,330			2,656			2,659
Expected return on plan assets	(1,538		)	(1,790		)	(3,076		)	(3,580		)
Amortization of net loss	443			417			885			834
Amortization of prior service cost	—			—			—			—
Net periodic benefit costs	233			(43		)	465			(87		)
Settlement charge	12,211			—			12,211			—
Net benefit costs	$	12,444		$	(43	)	$	12,676		$	(87	)

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Contingencies

6 Months Ended

Jul. 02, 2016

Commitments and Contingencies Disclosure [Abstract]

Contingencies [Text Block]

Contingencies

Environmental Matters

In connection with the purchase of Wyle in August 2000, the company acquired certain of the then outstanding obligations of Wyle, including Wyle's indemnification obligations to the purchasers of its Wyle Laboratories division for environmental clean-up costs associated with any then existing contamination or violation of environmental regulations. Under the terms of the company's purchase of Wyle from the sellers, the sellers agreed to indemnify the company for certain costs associated with the Wyle environmental obligations, among other things. As part of the settlement agreement, the company accepted responsibility for any potential subsequent costs incurred related to the Wyle matters. The company is aware of two Wyle Laboratories facilities (in Huntsville, Alabama and Norco, California) at which contaminated groundwater was identified and will require environmental remediation. In addition, the company was named as a defendant in several lawsuits related to the Norco facility and a third site in El Segundo, California which have now been settled to the satisfaction of the parties.

The company expects these environmental liabilities to be resolved over an extended period of time. Costs are recorded for environmental matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Accruals for environmental liabilities are adjusted periodically as facts and circumstances change, assessment and remediation efforts progress, or as additional technical or legal information becomes available. Environmental liabilities are difficult to assess and estimate due to various unknown factors such as the timing and extent of remediation, improvements in remediation technologies, and the extent to which environmental laws and regulations may change in the future. Accordingly, the company cannot presently fully estimate the ultimate potential costs related to these sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed and, in some instances, implemented. To the extent that future environmental costs exceed amounts currently accrued by the company, net income would be adversely impacted and such impact could be material.

Accruals for environmental liabilities are included in "Accrued expenses" and "Other liabilities" in the company's consolidated balance sheets.

As successor-in-interest to Wyle, the company is the beneficiary of various Wyle insurance policies that covered liabilities arising out of operations at Norco and Huntsville. To date, the company has recovered approximately $37,000 from certain insurance carriers relating to environmental clean-up matters at the Norco site. The company is considering the best way to pursue its potential claims against insurers regarding liabilities arising out of operations at Huntsville. The resolution of these matters will likely take several years. The company has not recorded a receivable for any potential future insurance recoveries related to the Norco and Huntsville environmental matters, as the realization of the claims for recovery are not deemed probable at this time.

The company believes the settlement amount together with potential recoveries from various insurance policies covering environmental remediation and related litigation will be sufficient to cover any potential future costs related to the Wyle acquisition; however, it is possible unexpected costs beyond those anticipated could occur.

Environmental Matters - Huntsville

In February 2015, the company and the Alabama Department of Environmental Management ("ADEM") finalized and executed a consent decree in connection with the Huntsville, Alabama site. Characterization of the extent of contaminated soil and groundwater continues at the site. Under the direction of the ADEM, approximately $5,000 was spent to date. The pace of the ongoing remedial investigations, project management, and regulatory oversight is likely to increase somewhat and, though the complete scope of the activities is not yet known, the company currently estimates additional investigative and related expenditures at the site of approximately $300 to $750. The nature and scope of both feasibility studies and subsequent remediation at the site has not yet been determined, but assuming the outcome includes source control and certain other measures, the cost is estimated to be between $3,000 and $4,000.

Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work is not yet known, and, accordingly, the associated costs have yet to be determined.

Environmental Matters - Norco

In October 2003, the company entered into a consent decree with Wyle Laboratories and the California Department of Toxic Substance Control (the "DTSC") in connection with the Norco site. In April 2005, a Remedial Investigation Work Plan was approved by DTSC that provided for site-wide characterization of known and potential environmental issues. Investigations performed in connection with this work plan and a series of subsequent technical memoranda continued until the filing of a final Remedial Investigation Report early in 2008. Work is under way pertaining to the remediation of contaminated groundwater at certain areas on the Norco site and of soil gas in a limited area immediately adjacent to the site. In 2008, a hydraulic containment system was installed to capture and treat groundwater before it moves into the adjacent offsite area. In September 2013, the DTSC approved the final Remedial Action Plan ("RAP") and work is currently progressing under the RAP. The approval of the RAP includes the potential for additional remediation action after the five year review of the hydraulic containment system if the review finds that contaminants have not been sufficiently reduced in the offsite area.

Approximately $50,000 was spent to date on remediation, project management, regulatory oversight, and investigative and feasibility study activities. The company currently estimates that these activities will give rise to an additional $12,400 to $24,500. Project management and regulatory oversight include costs incurred by project consultants for project management and costs billed by DTSC to provide regulatory oversight.

Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work under the RAP is not yet known, and, accordingly, the associated costs have yet to be determined.

Tekelec Matter

In 2000, the company purchased Tekelec Europe SA ("Tekelec") from Tekelec Airtronic SA and certain other selling shareholders. Subsequent to the closing of the acquisition, Tekelec received a product liability claim in the amount of €11,333. The product liability claim was the subject of a French legal proceeding started by the claimant in 2002, under which separate determinations were made as to whether the products that are subject to the claim were defective and the amount of damages sustained by the purchaser. The manufacturer of the products also participated in this proceeding. The claimant commenced legal proceedings against Tekelec and its insurers to recover damages in the amount of €3,742 and expenses of €312 plus interest. In May 2012, the French court ruled in favor of Tekelec and dismissed the plaintiff's claims. In January 2015, the Court of Appeals confirmed the French court's ruling; however, the ruling remains subject to a final appeal by the plaintiff. The company believes that any amount in addition to the amount accrued by the company would not materially adversely impact the company's consolidated financial position, liquidity, or results of operations.

Antitrust Investigation

On January 21, 2014, the company received a Civil Investigative Demand in connection with an investigation by the Federal Trade Commission ("FTC") relating generally to the use of a database program (the “database program”) that has operated for more than ten years under the auspices of the Global Technology Distribution Council ("GTDC"), a trade group of which the company is a member. Under the database program, certain members of the GTDC who participate in the program provide sales data to a third party independent contractor chosen by the GTDC. The data is aggregated by the third party and the aggregated data is made available to the program participants. The company understands that other members participating in the database program have received similar Civil Investigative Demands.

In April 2014, the company responded to the Civil Investigative Demand. The Civil Investigative Demand merely sought information, and no proceedings have been instituted against any person. The company continues to believe that there has not been any conduct by the company or its employees that would be actionable under the antitrust laws in connection with its participation in the database program. At this time, it is not possible to predict the potential impact, if any, of the Civil Investigative Demand or whether any actions may be instituted by the FTC against any person.

Other

From time to time, in the normal course of business, the company may become liable with respect to other pending and threatened litigation, environmental, regulatory, labor, product, and tax matters. While such matters are subject to inherent uncertainties, it is not currently anticipated that any such matters will materially impact the company's consolidated financial position, liquidity, or results of operations.

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Segment and Geographic Information

6 Months Ended

Jul. 02, 2016

Segment Reporting [Abstract]

Segment and Geographic Information [Text Block]

Segment and Geographic Information

The company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions.  The company distributes electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers through its global ECS business segment.  As a result of the company's philosophy of maximizing operating efficiencies through the centralization of certain functions, selected fixed assets and related depreciation, as well as borrowings, are not directly attributable to the individual operating segments and are included in the corporate business segment.

Sales and operating income (loss), by segment, are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Sales:
Global components	$	3,832,972		$	3,698,175		$	7,508,901		$	7,044,938
Global ECS	2,139,129			2,131,814			3,937,377			3,787,436
Consolidated	$	5,972,101		$	5,829,989		$	11,446,278		$	10,832,374
Operating income (loss):
Global components	$	178,385		$	169,817		$	349,155		$	334,712
Global ECS	109,399			98,394			187,611			165,911
Corporate (a)	(64,192		)	(61,268		)	(131,810		)	(116,246		)
Consolidated	$	223,592		$	206,943		$	404,956		$	384,377

(a) Includes restructuring, integration, and other charges of $16,106 and $36,894 for the second quarter and first six months of 2016 and $17,147 and $33,343 for the second quarter and first six months of 2015, respectively.

Total assets, by segment, are as follows:

	July 2, 2016		December 31, 2015
Global components	$	7,887,307	$	7,276,143
Global ECS	4,335,613		5,074,529
Corporate	723,886		671,258
Consolidated	$	12,946,806	$	13,021,930

Sales, by geographic area, are as follows:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Americas (b)	$	2,809,558	$	2,912,126	$	5,430,035	$	5,374,315
EMEA (c)	1,777,026		1,665,013		3,442,906		3,169,937
Asia/Pacific	1,385,517		1,252,850		2,573,337		2,288,122
Consolidated	$	5,972,101	$	5,829,989	$	11,446,278	$	10,832,374

(b) Includes sales related to the United States of $2,591,296 and $4,987,359 for the second quarter and first six months of 2016 and $2,702,783 and $4,953,205 for the second quarter and first six months of 2015, respectively.

(c) Defined as Europe, the Middle East, and Africa.

Net property, plant, and equipment, by geographic area, is as follows:

	July 2, 2016		December 31, 2015
Americas (d)	$	613,475	$	582,973
EMEA	90,547		88,727
Asia/Pacific	33,529		28,478
Consolidated	$	737,551	$	700,178

(d) Includes net property, plant, and equipment related to the United States of $609,633 and $580,791 at July 2, 2016 and December 31, 2015, respectively.

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jul. 02, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Accounting Policy

The accompanying consolidated financial statements of Arrow Electronics, Inc. (the "company") were prepared in accordance with accounting principles generally accepted in the United States and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position and results of operations at and for the periods presented.  The consolidated results of operations for the interim periods are not necessarily indicative of results for the full year.

These consolidated financial statements do not include all of the information or notes necessary for a complete presentation and, accordingly, should be read in conjunction with the company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2015, as filed in the company's Annual Report on Form 10-K.

Fiscal Period Policy

The company operates on a quarterly calendar that closes on the Saturday closest to the end of the calendar quarter, except for the third quarter of 2015, which closed on September 26, 2015.

Comparability of Prior Year Financial Data Policy

Certain prior period amounts were reclassified to conform to the current period presentation.

Goodwill and Intangible Assets Policy

Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist.

Allowance for Doubtful Accounts Policy

The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.  The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience.

Fair Value of Debt Policy

The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, and other obligations approximate their fair value.

Fair Value of Financial Instruments Policy

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value.  The fair value hierarchy has three levels of inputs that may be used to measure fair value:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.

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Acquisitions Acquisitions (Tables)

6 Months Ended

Jul. 02, 2016

immixGroup [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the immixGroup acquisition:

Accounts receivable, net	$	145,130
Other current assets	24,181
Property, plant, and equipment	1,569
Other assets	5,313
Identifiable intangible assets	46,400
Cost in excess of net assets acquired	183,840
Accounts payable	(136,921		)
Accrued expenses	(11,736		)
Other liabilities	(5,527		)
Cash consideration paid, net of cash acquired	$	252,249

2015 Acquisition [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

The following table summarizes the company's unaudited consolidated results of operations for the second quarter and first six months of 2015, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2015 acquisitions occurred on January 1:

	Quarter Ended				Six Months Ended
	June 27, 2015				June 27, 2015
	As Reported		Pro Forma		As Reported		Pro Forma
Sales	$	5,829,989	$	5,926,340	$	10,832,374	$	11,229,132
Net income attributable to shareholders	123,932		124,342		229,990		232,717
Net income per share:
Basic	$	1.30	$	1.30	$	2.40	$	2.43
Diluted	$	1.28	$	1.29	$	2.37	$	2.40

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Cost in Excess of Net Assets of Companies Acquired (Tables)

6 Months Ended

Jul. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Text Block]

Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows:

	Global Components		Global ECS		Total
Balance as of December 31, 2015 (a)	$	1,230,832	$	1,138,000	$	2,368,832
Acquisitions and related adjustments	2,224		39,613		41,837
Foreign currency translation adjustment	2,359		5,930		8,289
Balance as of July 2, 2016 (a)	$	1,235,415	$	1,183,543	$	2,418,958

(a) The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

Intangible Assets Disclosure [Text Block]

Intangible assets, net, are comprised of the following as of July 2, 2016:

	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	494,506		(238,118		)	256,388
Developed technology	5 years	14,199		(10,203		)	3,996
Other intangible assets	(b)	7,903		(3,684		)	4,219
		$	617,608	$	(252,005	)	$	365,603

(b) Consists of non-competition agreements, sales backlog, and an amortizable trade name with useful lives ranging from two to five years.

Intangible assets, net, are comprised of the following as of December 31, 2015:

	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	498,319		(215,263		)	283,056
Developed technology	5 years	13,154		(7,894		)	5,260
Other intangible assets	(c)	917		(907		)	10
		$	613,390	$	(224,064	)	$	389,326

(c) Consists of non-competition agreements with useful lives ranging from two to three years.

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Investments in Affiliated Companies (Tables)

6 Months Ended

Jul. 02, 2016

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Text Block]

The following table presents the company's investment in the following joint ventures:

	July 2, 2016		December 31, 2015
Marubun/Arrow	$	64,042	$	62,530
Altech Industries	9,311		8,261
Other	2,632		2,585
	$	75,985	$	73,376

Equity in Earnings of Affiliated Companies [Text Block]

The equity in earnings of affiliated companies consists of the following:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Marubun/Arrow	$	1,846	$	1,609	$	3,510	$	2,753
Altech Industries	317		201		518		332
Other	64		93		55		131
	$	2,227	$	1,903	$	4,083	$	3,216

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Accounts Receivable (Tables)

6 Months Ended

Jul. 02, 2016

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]

Accounts receivable, net, consists of the following:

	July 2, 2016			December 31, 2015
Accounts receivable	$	5,754,519		$	6,211,077
Allowances for doubtful accounts	(49,886		)	(49,659		)
Accounts receivable, net	$	5,704,633		$	6,161,418

The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.  The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience.

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Debt (Tables)

6 Months Ended

Jul. 02, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Text Block]

Long-term debt consists of the following:

	July 2, 2016		December 31, 2015
Revolving credit facility	$	45,000	$	72,000
Asset securitization program	335,000		75,000
6.875% senior debentures, due 2018	199,117		198,886
3.00% notes, due 2018	298,602		298,197
6.00% notes, due 2020	299,058		298,932
5.125% notes, due 2021	248,705		248,566
3.50% notes, due 2022	345,415		345,061
4.50% notes, due 2023	296,417		296,194
4.00% notes, due 2025	344,356		344,092
7.50% senior debentures, due 2027	198,440		198,366
Interest rate swaps designated as fair value hedges	2,252		711
Other obligations with various interest rates and due dates	6,641		4,570
	$	2,619,003	$	2,380,575

Schedule of Fair Value of Debt [Text Block]

The estimated fair market value, using quoted market prices, is as follows:

	July 2, 2016		December 31, 2015
6.875% senior debentures, due 2018	$	216,000	$	218,000
3.00% notes, due 2018	303,000		303,000
6.00% notes, due 2020	332,500		330,000
5.125% notes, due 2021	270,500		267,500
3.50% notes, due 2022	358,000		343,000
4.50% notes, due 2023	319,500		309,000
4.00% notes, due 2025	358,500		336,000
7.50% senior debentures, due 2027	252,500		238,000

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Financial Instruments Measured at Fair Value (Tables)

6 Months Ended

Jul. 02, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis Table [Text Block]

The following table presents assets (liabilities) measured at fair value on a recurring basis at July 2, 2016:

	Level 1		Level 2		Level 3			Total
Available-for-sale securities	$	35,980	$	—	$	—		$	35,980
Interest rate swaps	—		2,252		—			2,252
Foreign exchange contracts	—		2,139		—			2,139
Contingent consideration	—		—		(2,522		)	(2,522		)
	$	35,980	$	4,391	$	(2,522	)	$	37,849

The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2015:

	Level 1		Level 2			Level 3			Total
Available-for-sale securities	$	41,178	$	—		$	—		$	41,178
Interest rate swaps	—		711			—			711
Foreign exchange contracts	—		(738		)	—			(738		)
Contingent consideration	—		—			(3,889		)	(3,889		)
	$	41,178	$	(27	)	$	(3,889	)	$	37,262

Available-for-sale Securities [Text Block]

The fair value of the company's available-for-sale securities is as follows:

	July 2, 2016				December 31, 2015
	Marubun		Mutual Funds		Marubun		Mutual Funds
Cost basis	$	10,016	$	17,485	$	10,016	$	17,389
Unrealized holding gain	3,239		5,240		8,708		5,065
Fair value	$	13,255	$	22,725	$	18,724	$	22,454

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Text Block]

The fair values of derivative instruments in the company's consolidated balance sheets are as follows:

	Asset (Liability) Derivatives
		Fair Value
	Balance Sheet Location	July 2, 2016			December 31, 2015
Derivative instruments designated as hedges:
Interest rate swaps designated as fair value hedges	Other liabilities	$	—		$	—
Interest rate swaps designated as fair value hedges	Other assets	2,252			711
Foreign exchange contracts designated as cash flow hedges	Other current assets	77			896
Foreign exchange contracts designated as cash flow hedges	Accrued expenses	(874		)	(572		)
Total derivative instruments designated as hedging instruments		1,455			1,035
Derivative instruments not designated as hedges:
Foreign exchange contracts	Other current assets	4,764			1,729
Foreign exchange contracts	Accrued expenses	(1,828		)	(2,791		)
Total derivative instruments not designated as hedging instruments		2,936			(1,062		)
Total		$	4,391		$	(27	)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block]

The effect of derivative instruments on the company's consolidated statements of operations is as follows:

	Gain (Loss) Recognized in Income
	Quarter Ended					Six Months Ended
	July 2, 2016		June 27, 2015			July 2, 2016		June 27, 2015
Derivative instruments not designated as hedges:
Foreign exchange contracts (a)	$	4,660	$	(1,187	)	$	1,612	$	(379	)
Total	$	4,660	$	(1,187	)	$	1,612	$	(379	)

	Cash Flow Hedges
	Quarter Ended						Six Months Ended
	July 2, 2016						July 2, 2016
	Interest Rate Swaps (b)			Foreign Exchange Contracts (c)			Interest Rate Swaps (b)			Foreign Exchange Contracts (c)
Effective portion:
Gain (loss) recognized in other comprehensive income	$	—		$	543		$	—		$	(534	)
Loss reclassified into income	$	(150	)	$	(469	)	$	(299	)	$	(1,091	)
	Cash Flow Hedges
	Quarter Ended						Six Months Ended
	June 27, 2015						June 27, 2015
	Interest Rate Swaps (b)			Foreign Exchange Contracts (c)			Interest Rate Swaps (b)			Foreign Exchange Contracts (c)
Effective portion:
Gain (loss) recognized in other comprehensive income	$	—		$	(2,245	)	$	827		$	437
Gain (loss) reclassified into income	$	(141	)	$	163		$	(302	)	$	(678	)
Ineffective portion:
Gain recognized in income	$	—		$	—		$	69		$	—

(a) The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations.

(b) Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. The gain (loss) amounts reclassified into income relate to the termination of swaps.

(c) Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations.

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Restructuring, Integration, and Other Charges (Tables)

6 Months Ended

Jul. 02, 2016

Restructuring Charges [Abstract]

Schedule of Restructuring and Related Costs [Text Block]

The following table presents the components of the restructuring, integration, and other charges:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Restructuring and integration charges - current period actions	$	7,652	$	9,875	$	10,103	$	19,185
Restructuring and integration charges - actions taken in prior periods	1,838		268		3,961		678
Other charges	6,616		7,004		22,830		13,480
	$	16,106	$	17,147	$	36,894	$	33,343

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

2016 Restructuring and Integration Charges

The following table presents the components of the 2016 restructuring and integration charges and activity in the related restructuring and integration accrual for the first six months of 2016:

	Personnel Costs			Facilities Costs			Other			Total
Restructuring and integration charges	$	7,529		$	2,473		$	101		$	10,103
Payments	(2,696		)	(312		)	(75		)	(3,083		)
Foreign currency translation	(113		)	(12		)	(15		)	(140		)
Balance as of July 2, 2016	$	4,720		$	2,149		$	11		$	6,880

These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

2015 Restructuring and Integration Charges

The following table presents the activity in the restructuring and integration accrual for the first six months of 2016 related to the 2015 restructuring and integration:

	Personnel  Costs			Facilities Costs			Other			Total
Balance as of December 31, 2015	$	16,321		$	403		$	159		$	16,883
Restructuring and integration charges	1,830			2,209			—			4,039
Payments	(13,982		)	(440		)	(31		)	(14,453		)
Foreign currency translation	(18		)	2			—			(16		)
Balance as of July 2, 2016	$	4,151		$	2,174		$	128		$	6,453

Restructuring and Integration Accruals Related to Actions Taken Prior to 2015

The following table presents the activity in the restructuring and integration accruals for the first six months of 2016 related to restructuring and integration actions taken prior to 2015:

	Personnel Costs			Facilities Costs			Other			Total
Balance as of December 31, 2015	$	2,754		$	2,341		$	—		$	5,095
Restructuring and integration charges (credits)	(308		)	(64		)	294			(78		)
Payments	(981		)	(964		)	(378		)	(2,323		)
Foreign currency translation	40			(19		)	84			105
Balance as of July 2, 2016	$	1,505		$	1,294		$	—		$	2,799

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Net Income per Share (Tables)

6 Months Ended

Jul. 02, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands):

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Net income attributable to shareholders	$	134,270	$	123,932	$	240,505	$	229,990
Weighted-average shares outstanding - basic	91,782		95,638		91,647		95,776
Net effect of various dilutive stock-based compensation awards	911		1,011		1,124		1,098
Weighted-average shares outstanding - diluted	92,693		96,649		92,771		96,874
Net income per share:
Basic	$	1.46	$	1.30	$	2.62	$	2.40
Diluted (a)	$	1.45	$	1.28	$	2.59	$	2.37

(a) Stock-based compensation awards for the issuance of 848,000 and 987,000 shares for the second quarter and first six months of 2016 and 709,000 and 607,000 shares for the second quarter and first six months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

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Shareholders' Equity Components of Other Comprehensive Income (Tables)

6 Months Ended

Jul. 02, 2016

Changes in Components of Accumulated Other Comprehensive Income [Abstract]

Components of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents the changes in Accumulated other comprehensive income (loss), excluding non-controlling interests:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Foreign Currency Translation Adjustment:
Other comprehensive income (loss) before reclassifications (a)	$	(50,181	)	$	47,890		$	19,788		$	(151,338	)
Amounts reclassified into income	(111		)	(163		)	1,091			678
Unrealized Gain (Loss) on Investment Securities, Net:
Other comprehensive income (loss) before reclassifications	(2,030		)	2,169			(3,681		)	2,293
Amounts reclassified into income	—			—			—			—
Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Other comprehensive income (loss) before reclassifications	—			(346		)	—			550
Amounts reclassified into income	93			116			184			143
Employee Benefit Plan Items, Net:
Other comprehensive income before reclassifications	31			35			72			69
Amounts reclassified into income	3,813			847			4,692			1,655
Net change in Accumulated other comprehensive income (loss)	$	(48,385	)	$	50,548		$	22,146		$	(145,950	)

(a) Includes intra-entity foreign currency transactions that are of a long-term investment nature of $3,982 and $(28,819) for the second quarter and first six months of 2016 and $600 and $45,863 for the second quarter and first six months of 2015, respectively.

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Employee Benefit Plans (Tables)

6 Months Ended

Jul. 02, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The components of the net periodic benefit costs for the Wyle defined benefit plan are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Components of net periodic benefit costs:
Service cost	$	—		$	—		$	—		$	—
Interest cost	1,328			1,330			2,656			2,659
Expected return on plan assets	(1,538		)	(1,790		)	(3,076		)	(3,580		)
Amortization of net loss	443			417			885			834
Amortization of prior service cost	—			—			—			—
Net periodic benefit costs	233			(43		)	465			(87		)
Settlement charge	12,211			—			12,211			—
Net benefit costs	$	12,444		$	(43	)	$	12,676		$	(87	)

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Segment and Geographic Information (Tables)

6 Months Ended

Jul. 02, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Text Block]

Sales and operating income (loss), by segment, are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Sales:
Global components	$	3,832,972		$	3,698,175		$	7,508,901		$	7,044,938
Global ECS	2,139,129			2,131,814			3,937,377			3,787,436
Consolidated	$	5,972,101		$	5,829,989		$	11,446,278		$	10,832,374
Operating income (loss):
Global components	$	178,385		$	169,817		$	349,155		$	334,712
Global ECS	109,399			98,394			187,611			165,911
Corporate (a)	(64,192		)	(61,268		)	(131,810		)	(116,246		)
Consolidated	$	223,592		$	206,943		$	404,956		$	384,377

(a) Includes restructuring, integration, and other charges of $16,106 and $36,894 for the second quarter and first six months of 2016 and $17,147 and $33,343 for the second quarter and first six months of 2015, respectively.

Reconciliation of Assets from Segment to Consolidated [Text Block]

Total assets, by segment, are as follows:

	July 2, 2016		December 31, 2015
Global components	$	7,887,307	$	7,276,143
Global ECS	4,335,613		5,074,529
Corporate	723,886		671,258
Consolidated	$	12,946,806	$	13,021,930

Schedule Of Revenues From External Customers And Long Lived Assets By Geographical Areas Table [Text Block]

Sales, by geographic area, are as follows:

	Quarter Ended				Six Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Americas (b)	$	2,809,558	$	2,912,126	$	5,430,035	$	5,374,315
EMEA (c)	1,777,026		1,665,013		3,442,906		3,169,937
Asia/Pacific	1,385,517		1,252,850		2,573,337		2,288,122
Consolidated	$	5,972,101	$	5,829,989	$	11,446,278	$	10,832,374

(b) Includes sales related to the United States of $2,591,296 and $4,987,359 for the second quarter and first six months of 2016 and $2,702,783 and $4,953,205 for the second quarter and first six months of 2015, respectively.

(c) Defined as Europe, the Middle East, and Africa.

Net property, plant, and equipment, by geographic area, is as follows:

	July 2, 2016		December 31, 2015
Americas (d)	$	613,475	$	582,973
EMEA	90,547		88,727
Asia/Pacific	33,529		28,478
Consolidated	$	737,551	$	700,178

(d) Includes net property, plant, and equipment related to the United States of $609,633 and $580,791 at July 2, 2016 and December 31, 2015, respectively.

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Acquisitions (Details) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jul. 02, 2016 USD ($) $ / shares	Jun. 27, 2015 USD ($) $ / shares	Jul. 02, 2016 USD ($) Acquisitions $ / shares	Jun. 27, 2015 USD ($) $ / shares	Dec. 31, 2015 USD ($) Acquisitions
Business Acquisition [Line Items]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual				$ 225,726	$ 96,524
Payments to Acquire Businesses, Net of Cash Acquired				45,473	470,674
Goodwill	[1]	$ 2,418,958		2,418,958		$ 2,368,832
Sales		5,972,101	$ 5,829,989	11,446,278	10,832,374
Business Acquisition, Pro Forma Revenue			5,926,340		11,229,132
Net income attributable to shareholders		$ 134,270	123,932	$ 240,505	229,990
Business Acquisition, Pro Forma Net Income (Loss)			$ 124,342		$ 232,717
Basic | $ / shares		$ 1.46	$ 1.30	$ 2.62	$ 2.40
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares			1.30		2.43
Diluted | $ / shares	[2]	$ 1.45	1.28	$ 2.59	2.37
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares			$ 1.29		$ 2.40
Customer Relationships [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				10 years		10 years
immixGroup [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross						$ 280,454
Cash Acquired from Acquisition						28,205
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables						145,130
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other						24,181
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						1,569
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets						5,313
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						46,400
Goodwill						183,840
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable						(136,921)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities						(11,736)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other						(5,527)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						252,249
immixGroup [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Customer Relationships, Gross						$ 44,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						13 years
immixGroup [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						5 years
Finite-Lived Trade Names, Gross						$ 2,400
Data Modul AG [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired						53.70%
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent						3.60%
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Number of Businesses Acquired | Acquisitions				2		9
Payments to Acquire Businesses, Net of Cash Acquired				$ 44,591		$ 263,341
Debt acquired from acquisition						$ 84,487

[1] The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

[2] Stock-based compensation awards for the issuance of 848,000 and 987,000 shares for the second quarter and first six months of 2016 and 709,000 and 607,000 shares for the second quarter and first six months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

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Cost in Excess of Net Assets of Companies Acquired - Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 02, 2016 USD ($)
Goodwill [Roll Forward]
December 31, 2015	$ 2,368,832	[1]
Acquisitions and related adjustments	41,837
Foreign currency translation adjustment	8,289
July 2, 2016	2,418,958	[1]
Goodwill, Impaired, Accumulated Impairment Loss	1,018,780
Global Components [Member]
Goodwill [Roll Forward]
December 31, 2015	1,230,832	[1]
Acquisitions and related adjustments	2,224
Foreign currency translation adjustment	2,359
July 2, 2016	1,235,415	[1]
Goodwill, Impaired, Accumulated Impairment Loss	716,925
Global ECS [Member]
Goodwill [Roll Forward]
December 31, 2015	1,138,000	[1]
Acquisitions and related adjustments	39,613
Foreign currency translation adjustment	5,930
July 2, 2016	1,183,543	[1]
Goodwill, Impaired, Accumulated Impairment Loss	$ 301,855

[1] The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

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Cost in Excess of Net Assets of Companies Acquired - Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended			12 Months Ended
	Jul. 02, 2016		Jun. 27, 2015	Jul. 02, 2016		Jun. 27, 2015	Dec. 31, 2015
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 617,608			$ 617,608			$ 613,390
Accumulated Amortization	(252,005)			(252,005)			(224,064)
Net	365,603			365,603			$ 389,326
Amortization of Intangible Assets	14,446		$ 13,917	$ 27,359		$ 25,024
Customer Relationships [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted-Average Life				10 years			10 years
Gross Carrying Amount	494,506			$ 494,506			$ 498,319
Accumulated Amortization	(238,118)			(238,118)			(215,263)
Net	256,388			$ 256,388			$ 283,056
Developed Technology [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted-Average Life				5 years			5 years
Gross Carrying Amount	14,199			$ 14,199			$ 13,154
Accumulated Amortization	(10,203)			(10,203)			(7,894)
Net	3,996			3,996			5,260
Other Intangible Assets [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,903	[1]		7,903	[1]		917	[2]
Accumulated Amortization	(3,684)	[1]		(3,684)	[1]		(907)	[2]
Net	4,219	[1]		4,219	[1]		10	[2]
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	101,000			101,000			101,000
Accumulated Amortization	0			0			0
Net	$ 101,000			$ 101,000			$ 101,000
Minimum [Member] | Other Intangible Assets [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life				2 years			2 years
Maximum [Member] | Other Intangible Assets [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life				5 years			3 years

[1] Consists of non-competition agreements, sales backlog, and an amortizable trade name with useful lives ranging from two to five years.

[2] Consists of non-competition agreements with useful lives ranging from two to three years.

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Investments in Affiliated Companies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Pro Rata Share of Debt Obligations of Joint Venture	$ 1,250		$ 1,250
Investments in affiliated companies	75,985		75,985		$ 73,376
Equity in earnings of affiliated companies	2,227	$ 1,903	4,083	$ 3,216
Marubun Arrow [Member]
Schedule of Equity Method Investments [Line Items]
Investments in affiliated companies	64,042		64,042		62,530
Equity in earnings of affiliated companies	1,846	1,609	3,510	2,753
Altech Industries [Member]
Schedule of Equity Method Investments [Line Items]
Investments in affiliated companies	9,311		9,311		8,261
Equity in earnings of affiliated companies	$ 317	201	$ 518	332
Other joint ventures [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Investments in affiliated companies	$ 2,632		$ 2,632		$ 2,585
Equity in earnings of affiliated companies	$ 64	$ 93	$ 55	$ 131

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Accounts Receivable (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Dec. 31, 2015
Receivables [Abstract]
Accounts receivable	$ 5,754,519	$ 6,211,077
Allowances for doubtful accounts	(49,886)	(49,659)
Accounts receivable, net	$ 5,704,633	$ 6,161,418

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Debt - ST Debt (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Debt, Current	$ 111,259	$ 44,024
Short-term Debt, Weighted Average Interest Rate	0.94%	3.30%
Short-term borrowings in various countries [Member]
Short-term Debt [Line Items]
Debt, Current	$ 111,259	$ 44,024

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Debt - LT Debt (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Mar. 28, 2015	Jul. 02, 2016	Jun. 27, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term debt	$ 2,619,003			$ 2,619,003		$ 2,380,575
Redemption of Notes, Principal Amount			$ 250,000
Net proceeds from note offering				0	$ 688,162
Gains (Losses) on Extinguishment of Debt						2,943
Accounts receivable, net	5,704,633			5,704,633		6,161,418
Investment Income, Interest and Dividend	1,376	$ 1,489		3,390	$ 2,462
Revolving Credit Facility due in 2018 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 45,000			$ 45,000		72,000
Debt Instrument, Basis Spread on Variable Rate				1.30%
Debt Instrument, Interest Rate, Effective Percentage	1.71%			1.71%
Line of Credit Facility, Commitment Fee Percentage				0.20%
Maximum Borrowing Capacity	$ 1,500,000			$ 1,500,000
Asset securitization program [Member]
Debt Instrument [Line Items]
Long-term debt	$ 335,000			$ 335,000		75,000
Debt Instrument, Interest Rate, Effective Percentage	0.95%			0.95%
Asset Securitization Program Interest Rate Spread At End of Period	0.40%			0.40%
Asset Securitization Program Facility Fee	0.40%			0.40%
Accounts receivable, net	$ 1,729,000			$ 1,729,000		1,871,831
Maximum Borrowing Capacity	900,000			900,000
Senior Debentures Due in 2018 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	216,000			216,000		218,000
Long-term debt	$ 199,117			$ 199,117		198,886
Debt Instrument, Interest Rate, Stated Percentage	6.875%			6.875%
3.00% notes, due 2018 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 303,000			$ 303,000		303,000
Long-term debt	$ 298,602			$ 298,602		298,197
Debt Instrument, Interest Rate, Stated Percentage	3.00%			3.00%
6.00% notes, due 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 332,500			$ 332,500		330,000
Long-term debt	$ 299,058			$ 299,058		298,932
Debt Instrument, Interest Rate, Stated Percentage	6.00%			6.00%
5.125% notes, due 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 270,500			$ 270,500		267,500
Long-term debt	$ 248,705			$ 248,705		248,566
Debt Instrument, Interest Rate, Stated Percentage	5.125%			5.125%
3.50% notes, due in 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 358,000			$ 358,000		343,000
Long-term debt	$ 345,415			$ 345,415		345,061
Debt Instrument, Interest Rate, Stated Percentage	3.50%			3.50%
Debt Instrument, Face Amount	$ 350,000			$ 350,000
4.50% notes, due 2023 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	319,500			319,500		309,000
Long-term debt	$ 296,417			$ 296,417		296,194
Debt Instrument, Interest Rate, Stated Percentage	4.50%			4.50%
4.00% notes, due in 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 358,500			$ 358,500		336,000
Long-term debt	$ 344,356			$ 344,356		344,092
Debt Instrument, Interest Rate, Stated Percentage	4.00%			4.00%
Debt Instrument, Face Amount	$ 350,000			$ 350,000
3.375% notes, due 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.375%			3.375%
7.5% senior debentures, due 2027 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 252,500			$ 252,500		238,000
Long-term debt	$ 198,440			$ 198,440		198,366
Debt Instrument, Interest Rate, Stated Percentage	7.50%			7.50%
Interest rate swaps designated as fair value hedges [Member]
Debt Instrument [Line Items]
Long-term debt	$ 2,252			$ 2,252		711
Other obligations with various interest rates and due dates [Member]
Debt Instrument [Line Items]
Other Notes Payable, Noncurrent	6,641			6,641		$ 4,570
Line of Credit [Member]
Debt Instrument [Line Items]
Maximum Borrowing Capacity	$ 100,000			$ 100,000

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Financial Instruments Measured at Fair Value - Fair Value Hierarchy (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jul. 02, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 35,980	$ 41,178
Interest rate swaps	2,252	711
Foreign exchange contracts	2,139	(738)
Contingent consideration	(2,522)	(3,889)
Total Fair Value Assets And Liabilities Measured On Recurring Basis	37,849	37,262
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	35,980	41,178
Interest rate swaps	0	0
Foreign exchange contracts	0	0
Contingent consideration	0	0
Total Fair Value Assets And Liabilities Measured On Recurring Basis	35,980	41,178
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Interest rate swaps	2,252	711
Foreign exchange contracts	2,139	(738)
Contingent consideration	0	0
Total Fair Value Assets And Liabilities Measured On Recurring Basis	4,391	(27)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Interest rate swaps	0	0
Foreign exchange contracts	0	0
Contingent consideration	(2,522)	(3,889)
Total Fair Value Assets And Liabilities Measured On Recurring Basis	$ (2,522)	$ (3,889)

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Financial Instruments Measured at Fair Value - AFS (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Dec. 31, 2015
Marubun [Member]
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Investment Ownership Percentage	8.40%
Cost basis	$ 10,016	$ 10,016
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax	3,239	8,708
Fair value	13,255	18,724
Mutual Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost basis	17,485	17,389
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax	5,240	5,065
Fair value	$ 22,725	$ 22,454

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Financial Instruments Measured at Fair Value - Derivatives (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Notional Amount		$ 367,332		$ 367,332		$ 382,025
Derivative, Fair Value, Net		4,391		4,391		(27)
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		1,455		1,455		1,035
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		$ 2,936		$ 2,936		(1,062)
3.375% notes, due 2015 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.375%		3.375%
Notes Due in 2020 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.00%		6.00%
Senior Debentures Due in 2018 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.875%		6.875%
Interest Rate Swaps Converting Notes Due in 2015 [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 200,000		$ 200,000
Debt Instrument, Interest Rate, Stated Percentage		1.98%		1.98%
Cash received upon termination of 2015 swaps				$ 896
Amortization of Deferred Hedge Gains		$ 30	$ 30	59	$ 39
Interest rate swaps designated as fair value hedges [Member] | Notes Due in 2020 [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		50,000		50,000
Derivative, Fair Value, Net		$ 1,758		$ 1,758
Debt Instrument, Interest Rate, Effective Percentage		4.88%		4.88%
Interest rate swaps designated as fair value hedges [Member] | Senior Debentures Due in 2018 [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 50,000		$ 50,000
Derivative, Fair Value, Net		$ 494		$ 494
Debt Instrument, Interest Rate, Effective Percentage		6.41%		6.41%
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	[1]	$ 4,660	(1,187)	$ 1,612	(379)
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	[1]	4,660	(1,187)	1,612	(379)
Foreign Exchange Contract [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		4,764		4,764		1,729
Foreign Exchange Contract [Member] | Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		(1,828)		(1,828)		(2,791)
Interest rate swaps designated as fair value hedges [Member] | Interest Rate Swap [Member] | Other Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		0		0		0
Interest rate swaps designated as fair value hedges [Member] | Interest Rate Swap [Member] | Other Assets [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		2,252		2,252		711
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	[2]	0	0	0	827
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	(150)	(141)	(299)	(302)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	[2]		0		69
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	[3]	543	(2,245)	(534)	437
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[3]	(469)	163	(1,091)	(678)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	[3]		$ 0		$ 0
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		77		77		896
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net		$ (874)		$ (874)		$ (572)

[1] The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations.

[2] Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. The gain (loss) amounts reclassified into income relate to the termination of swaps.

[3] Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations.

XML

Restructuring, Integration, and Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges	$ 16,106	$ 17,147	$ 36,894	$ 33,343
Settlement charge	12,211	0	12,211	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Fraud Loss	9,253		(3,942)
Other Assets, Miscellaneous	29,000		29,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	3,334		4,956
Restructuring Charges 2016 Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges	7,652	9,875	10,103	19,185
Restructuring Charges 2016 Plan [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges			7,529
Restructuring Charges 2016 Plan [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges			2,473
Restructuring Charges 2016 Plan [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges			101
Restructuring Charges 2015 Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			4,039
Restructuring Charges 2015 Plan [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			1,830
Restructuring Charges 2015 Plan [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			2,209
Restructuring Charges 2015 Plan [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			0
Restructuring Charges From Prior to 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			(78)
Restructuring Charges From Prior to 2015 [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			(308)
Restructuring Charges From Prior to 2015 [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			(64)
Restructuring Charges From Prior to 2015 [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			294
Restructuring Charges From Prior Periods [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges	1,838	268	3,961	678
Restructuring Charges From Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges	$ 6,616	$ 7,004	$ 22,830	$ 13,480

XML

Restructuring, Integration, and Other Charges - Accrual (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2016 USD ($)	Jun. 27, 2015 USD ($)	Jul. 02, 2016 USD ($)	Jun. 27, 2015 USD ($)
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 16,106	$ 17,147	$ 36,894	$ 33,343
Restructuring Reserve	16,132		16,132
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	10,376		10,376
Restructuring Reserve Scheduled Severance Payments Current Year	7,908		7,908
Restructuring Reserve Scheduled Severance Payments Year One	2,129		2,129
Restructuring Reserve Scheduled Severance Payments Year Two	306		306
Restructuring Reserve Scheduled Severance Payments Year Three	17		17
Restructuring Reserve Scheduled Severance Payments Year Four	16		16
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	5,617		5,617
Restructuring Reserve Scheduled Lease Payments Current Year	4,016		4,016
Restructuring Reserve Scheduled Lease Payments Year One	813		813
Restructuring Reserve Scheduled Lease Payments Year Two	667		667
Restructuring Reserve Scheduled Lease Payments Year Three	121		121
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	$ 139		$ 139
Number of Years for the Other Accrual to Be Spent	1		1
Restructuring Charges 2015 Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			$ 16,883
Restructuring Reserve, Accrual Adjustment			4,039
Payments for Restructuring			(14,453)
Restructuring Reserve, Translation Adjustment			(16)
Restructuring Reserve	$ 6,453		6,453
Restructuring Charges 2015 Plan [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			16,321
Restructuring Reserve, Accrual Adjustment			1,830
Payments for Restructuring			(13,982)
Restructuring Reserve, Translation Adjustment			(18)
Restructuring Reserve	4,151		4,151
Restructuring Charges 2015 Plan [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			403
Restructuring Reserve, Accrual Adjustment			2,209
Payments for Restructuring			(440)
Restructuring Reserve, Translation Adjustment			2
Restructuring Reserve	2,174		2,174
Restructuring Charges 2015 Plan [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			159
Restructuring Reserve, Accrual Adjustment			0
Payments for Restructuring			(31)
Restructuring Reserve, Translation Adjustment			0
Restructuring Reserve	128		128
Restructuring Charges 2016 Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	7,652	9,875	10,103	19,185
Payments for Restructuring			(3,083)
Restructuring Reserve, Translation Adjustment			(140)
Restructuring Reserve	6,880		6,880
Restructuring Charges 2016 Plan [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges			7,529
Payments for Restructuring			(2,696)
Restructuring Reserve, Translation Adjustment			(113)
Restructuring Reserve	4,720		4,720
Restructuring Charges 2016 Plan [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges			2,473
Payments for Restructuring			(312)
Restructuring Reserve, Translation Adjustment			(12)
Restructuring Reserve	2,149		2,149
Restructuring Charges 2016 Plan [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges			101
Payments for Restructuring			(75)
Restructuring Reserve, Translation Adjustment			(15)
Restructuring Reserve	11		11
Restructuring Charges From Prior Periods [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	1,838	268	3,961	678
Restructuring Charges From Prior to 2015 [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			5,095
Restructuring Reserve, Accrual Adjustment			(78)
Payments for Restructuring			(2,323)
Restructuring Reserve, Translation Adjustment			105
Restructuring Reserve	2,799		2,799
Restructuring Charges From Prior to 2015 [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			2,754
Restructuring Reserve, Accrual Adjustment			(308)
Payments for Restructuring			(981)
Restructuring Reserve, Translation Adjustment			40
Restructuring Reserve	1,505		1,505
Restructuring Charges From Prior to 2015 [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			2,341
Restructuring Reserve, Accrual Adjustment			(64)
Payments for Restructuring			(964)
Restructuring Reserve, Translation Adjustment			(19)
Restructuring Reserve	1,294		1,294
Restructuring Charges From Prior to 2015 [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve			0
Restructuring Reserve, Accrual Adjustment			294
Payments for Restructuring			(378)
Restructuring Reserve, Translation Adjustment			84
Restructuring Reserve	0		0
Restructuring Charges From Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 6,616	$ 7,004	$ 22,830	$ 13,480

XML

Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Earnings Per Share, Diluted [Line Items]
Net income attributable to shareholders		$ 134,270	$ 123,932	$ 240,505	$ 229,990
Weighted average shares outstanding - basic		91,782	95,638	91,647	95,776
Net effect of various dilutive stock-based compensation awards		911	1,011	1,124	1,098
Weighted average shares outstanding - diluted		92,693	96,649	92,771	96,874
Net income per share:
Basic		$ 1.46	$ 1.30	$ 2.62	$ 2.40
Diluted	[1]	$ 1.45	$ 1.28	$ 2.59	$ 2.37
Stock Compensation Plan [Member]
Net income per share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		848	709	987	607

[1] Stock-based compensation awards for the issuance of 848,000 and 987,000 shares for the second quarter and first six months of 2016 and 709,000 and 607,000 shares for the second quarter and first six months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

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Shareholders' Equity (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015	Sep. 26, 2015
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment		$ (51,510)	$ 47,727	$ 21,669	$ (150,660)
Other Comprehensive Income (Loss) Unrealized gain (loss) on investment securities, net		(2,030)	2,169	(3,681)	2,293
Other Comprehensive Income (Loss), Unrealized Gain on Derivatives Arising During Period, Net		93	(230)	184	693
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		(3,844)	(882)	(4,764)	(1,724)
Net change in accumulated other comprehensive income (loss)		$ (48,385)	50,548	$ 22,146	(145,950)
Stock Repurchase Program, Authorized Amount						$ 400,000
Treasury Stock, Shares, Acquired		506,670		1,982,894
Treasury Stock, Value, Acquired, Cost Method		$ 31,060		$ 113,778
Other comprehensive income before reclassifications [Member]
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment	[1]	(50,181)	47,890	19,788	(151,338)
Other Comprehensive Income (Loss) Unrealized gain (loss) on investment securities, net		(2,030)	2,169	(3,681)	2,293
Other Comprehensive Income (Loss), Unrealized Gain on Derivatives Arising During Period, Net		0	(346)	0	550
Other Comprehensive Income (loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (loss) Recognized in Net Periodic Benefit Cost, After Tax		31	35	72	69
Other comprehensive income before reclassifications [Member] | Intra-entity foreign currency transactions [Member]
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment		3,982	600	(28,819)	45,863
Reclassification out of Accumulated Other Comprehensive Income [Member]
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment		(111)	(163)	1,091	678
Other Comprehensive Income (Loss) Unrealized gain (loss) on investment securities, net		0	0	0	0
Other Comprehensive Income (Loss), Unrealized Gain on Derivatives Arising During Period, Net		93	116	184	143
Other Comprehensive Income (loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (loss) Recognized in Net Periodic Benefit Cost, After Tax		$ 3,813	$ 847	$ 4,692	$ 1,655

[1] Includes intra-entity foreign currency transactions that are of a long-term investment nature of $3,982 and $(28,819) for the second quarter and first six months of 2016 and $600 and $45,863 for the second quarter and first six months of 2015, respectively.

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Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plan, Lum Sum Payments	$ 26,063
Components of net periodic benefit costs:
Service cost	0	$ 0	$ 0	$ 0
Interest cost	1,328	1,330	2,656	2,659
Expected return on plan assets	(1,538)	(1,790)	(3,076)	(3,580)
Amortization of net loss	443	417	885	834
Amortization of prior service cost	0	0	0	0
Net periodic benefit costs	233	(43)	465	(87)
Settlement charge	(12,211)	0	(12,211)	0
Net periodic benefit costs	$ 12,444	$ (43)	$ 12,676	$ (87)

XML

Contingencies (Details) - 6 months ended Jul. 02, 2016 € in Thousands, $ in Thousands	USD ($)	EUR (€)
Site Contingency [Line Items]
Environmental Costs Recovered	$ 37,000
Huntsville Site [Member]
Site Contingency [Line Items]
Environmental Remediation Expense To Date	5,000
Additional Expected Project Expenditures Low Estimate	3,000
Additional Expected Project Expenditures High Estimate	4,000
Huntsville Site [Member] | Investigation Report [Member]
Site Contingency [Line Items]
Additional Expected Project Expenditures Low Estimate	300
Additional Expected Project Expenditures High Estimate	750
Norco Site [Member] | Remediation, Project Management, Regulatory Oversight, and Investigative and Feasability Studies [Member]
Site Contingency [Line Items]
Environmental Remediation Expense To Date	50,000
Additional Expected Project Expenditures Low Estimate	12,400
Additional Expected Project Expenditures High Estimate	$ 24,500
Tekelec Matter [Member]
Site Contingency [Line Items]
Loss Contingency, Range of Possible Loss, Maximum | €		€ 11,333
Loss Contingency Damages Sought Value | €		3,742
Loss Contingency, Expenses Sought, Value | €		€ 312

XML

Segment and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015	Dec. 31, 2015
Sales:
Sales		$ 5,972,101	$ 5,829,989	$ 11,446,278	$ 10,832,374
Operating income (loss):
Operating income (loss)		223,592	206,943	404,956	384,377
Restructuring, integration, and other charges		16,106	17,147	36,894	33,343
Assets		12,946,806		12,946,806		$ 13,021,930
Global Components [Member]
Sales:
Sales		3,832,972	3,698,175	7,508,901	7,044,938
Operating income (loss):
Operating income (loss)		178,385	169,817	349,155	334,712
Assets		7,887,307		7,887,307		7,276,143
Global ECS [Member]
Sales:
Sales		2,139,129	2,131,814	3,937,377	3,787,436
Operating income (loss):
Operating income (loss)		109,399	98,394	187,611	165,911
Assets		4,335,613		4,335,613		5,074,529
Corporate Segment [Member]
Operating income (loss):
Operating income (loss)	[1]	(64,192)	$ (61,268)	(131,810)	$ (116,246)
Assets		$ 723,886		$ 723,886		$ 671,258

[1] Includes restructuring, integration, and other charges of $16,106 and $36,894 for the second quarter and first six months of 2016 and $17,147 and $33,343 for the second quarter and first six months of 2015, respectively.

XML

Segment and Geographic Information - Geographic Sales & PP&E (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015	Dec. 31, 2015
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		$ 5,972,101	$ 5,829,989	$ 11,446,278	$ 10,832,374
Property, plant, and equipment, net		737,551		737,551		$ 700,178
Americas [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales	[1]	2,809,558	2,912,126	5,430,035	5,374,315
Property, plant, and equipment, net	[2]	613,475		613,475		582,973
EMEA [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales	[3]	1,777,026	1,665,013	3,442,906	3,169,937
Property, plant, and equipment, net		90,547		90,547		88,727
Asia Pacific [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		1,385,517	1,252,850	2,573,337	2,288,122
Property, plant, and equipment, net		33,529		33,529		28,478
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		2,591,296	$ 2,702,783	4,987,359	$ 4,953,205
Property, plant, and equipment, net		$ 609,633		$ 609,633		$ 580,791

[1] Includes sales related to the United States of $2,591,296 and $4,987,359 for the second quarter and first six months of 2016 and $2,702,783 and $4,953,205 for the second quarter and first six months of 2015, respectively.

[2] Includes net property, plant, and equipment related to the United States of $609,633 and $580,791 at July 2, 2016 and December 31, 2015, respectively.

[3] Defined as Europe, the Middle East, and Africa.