Reportable Business Segments and International Operations (Tables)

12 Months Ended

Dec. 31, 2019

Reportable Business Segments and International Operations

Schedule of segment reporting information by segment

	Interconnect Products						Cable Products
	and Assemblies						and Solutions						Corporate / Other (1)						Total Consolidated
	2019		2018		2017		2019		2018		2017		2019		2018		2017		2019		2018		2017
Net sales:
External	$	7,840.3	$	7,781.9	$	6,606.9	$	385.1	$	420.1	$	404.4	$	—	$	—	$	—	$	8,225.4	$	8,202.0	$	7,011.3
Intersegment		35.3		12.8		9.7		51.6		34.0		40.7		—		—		—		86.9		46.8		50.4
Depreciation and amortization		300.1		287.2		214.7		6.4		6.6		6.3		5.6		5.9		5.8		312.1		299.7		226.8
Capital expenditures		289.6		305.0		220.4		4.1		5.2		5.6		1.3		0.4		0.6		295.0		310.6		226.6
Segment operating income		1,722.7		1,752.5		1,475.2		39.5		52.6		54.2								1,762.2		1,805.1		1,529.4
Segment assets (excluding goodwill)		5,666.4		5,678.6		5,732.6		209.2		208.1		200.3								5,875.6		5,886.7		5,932.9

(1) Corporate / Other is not a reportable business segment, but has been included above for purposes of reconciling between segment data and total consolidated data. The reconciliation of segment operating income and segment assets (excluding goodwill) to consolidated results is included in the tables below.

Schedule of the reconciliation of segment operating income to consolidated income before income taxes

	2019		2018		2017
Segment operating income	$	1,762.2	$	1,805.1	$	1,529.4
Stock-based compensation expense		(63.0)		(55.6)		(49.7)
Acquisition-related expenses		(25.4)		(8.5)		(4.0)
Other operating expenses		(54.6)		(54.1)		(48.1)
Interest expense		(117.6)		(101.7)		(92.3)
Loss on early extinguishment of debt		(14.3)		—		—
Other income, net		8.6		3.2		17.1
Income before income taxes	$	1,495.9	$	1,588.4	$	1,352.4

Schedule of the reconciliation of segment assets to consolidated total assets

	2019		2018
Segment assets, excluding goodwill	$	5,875.6	$	5,886.7
Goodwill		4,867.1		4,103.2
Other assets		72.8		55.0
Consolidated total assets	$	10,815.5	$	10,044.9

Schedule of revenues and long-lived assets by geographical area

	2019		2018		2017
Net sales
United States	$	2,524.7	$	2,241.4	$	1,978.4
China		2,306.4		2,594.0		2,067.3
Other foreign locations		3,394.3		3,366.6		2,965.6
Total	$	8,225.4	$	8,202.0	$	7,011.3
Long-lived assets(1)
United States	$	355.0	$	225.1	$	212.7
China		343.1		273.8		244.7
Other foreign locations		497.6		376.9		359.4
Total	$	1,195.7	$	875.8	$	816.8

(1) Long-lived assets in this table are comprised of property, plant and equipment, net, for all years presented. In addition, for 2019, operating lease right-of-use assets are also included, as a result of the Company’s adoption of Topic 842 effective January 1, 2019. Refer to Note 10 herein for further details on the impact of Topic 842.

Schedule of disaggregation of net sales

	Interconnect Products				Cable Products				Total Reportable
	and Assemblies				and Solutions				Business Segments
Year ended December 31,	2019		2018		2019		2018		2019		2018
Net sales by:
Sales channel:
End customers and contract manufacturers	$	6,684.0	$	6,667.9	$	301.4	$	322.3	$	6,985.4	$	6,990.2
Distributors and resellers		1,156.3		1,114.0		83.7		97.8		1,240.0		1,211.8
	$	7,840.3	$	7,781.9	$	385.1	$	420.1	$	8,225.4	$	8,202.0
Geography:
United States	$	2,323.5	$	2,038.0	$	201.2	$	203.4	$	2,524.7	$	2,241.4
China		2,300.6		2,589.9		5.8		4.1		2,306.4		2,594.0
Other foreign locations		3,216.2		3,154.0		178.1		212.6		3,394.3		3,366.6
	$	7,840.3	$	7,781.9	$	385.1	$	420.1	$	8,225.4	$	8,202.0