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Reportable Business Segments and International Operations (Tables)
12 Months Ended
Dec. 31, 2021
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

 

    

2021

    

2020

    

2019

   

2021

    

2020

    

2019

   

2021

    

2020

    

2019

   

2021

    

2020

    

2019

 

Net sales:

External

$

10,430.9

$

8,229.9

$

7,840.3

$

445.4

$

369.0

$

385.1

$

$

$

$

10,876.3

$

8,598.9

$

8,225.4

Intersegment

 

111.0

 

58.5

 

35.3

53.9

 

38.2

 

51.6

 

 

 

164.9

96.7

86.9

Depreciation and amortization

383.7

297.1

300.1

4.8

4.3

6.4

7.1

 

6.7

 

5.6

395.6

308.1

312.1

Capital expenditures

 

355.5

 

272.1

 

289.6

 

4.4

 

3.7

 

4.1

0.5

 

1.0

 

1.3

 

360.4

276.8

295.0

Segment operating income

2,296.8

1,741.2

1,722.7

22.8

 

35.4

 

39.5

 

 

 

2,319.6

1,776.6

1,762.2

Segment assets (excluding goodwill)

 

7,996.5

 

6,672.8

 

5,666.4

265.0

 

214.2

 

209.2

 

 

 

8,261.5

6,887.0

5,875.6

(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

For the Years Ended December 31,

 

2021

2020

2019

Segment operating income

$

2,319.6

$

1,776.6

$

1,762.2

Stock-based compensation expense

 

(83.0)

 

(70.5)

 

(63.0)

Acquisition-related expenses

 

(70.4)

 

(11.5)

 

(25.4)

Other operating expenses

 

(61.1)

 

(56.2)

 

(54.6)

Interest expense

 

(115.5)

 

(115.4)

 

(117.6)

Loss on early extinguishment of debt

(14.3)

Other (expense) income, net

 

(0.4)

 

3.6

 

8.6

Income from continuing operations before income taxes

$

1,989.2

$

1,526.6

$

1,495.9

Schedule of the reconciliation of segment assets to consolidated total assets

December 31,

    

2021

    

2020

 

Segment assets, excluding goodwill

$

8,261.5

$

6,887.0

Goodwill

 

6,376.8

 

5,032.1

Other assets

 

40.1

 

408.2

Consolidated total assets

$

14,678.4

$

12,327.3

Schedule of revenues and long-lived assets by geographical area

    

2021

    

2020

    

2019

Net sales

United States

$

3,155.9

$

2,494.0

$

2,524.7

China

 

3,044.4

 

2,597.5

 

2,306.4

Other foreign locations

 

4,676.0

 

3,507.4

 

3,394.3

Total

$

10,876.3

$

8,598.9

$

8,225.4

Long-lived assets(1)

United States

$

362.1

$

352.7

$

355.0

China

 

451.7

 

399.6

 

343.1

Other foreign locations

 

606.4

 

526.7

 

497.6

Total

$

1,420.2

$

1,279.0

$

1,195.7

(1)Long-lived assets included in this table are comprised of property, plant and equipment, net, and operating lease right-of-use assets for all years presented.
Schedule of disaggregation of net sales

Interconnect Products

Cable Products

Total Reportable

and Assemblies

and Solutions

Business Segments

2021

   

2020

   

2019

    

2021

   

2020

   

2019

    

2021

   

2020

   

2019

Net sales by:

Sales channel:

End customers and contract manufacturers

$

8,666.2

 

$

6,934.1

 

$

6,684.0

 

$

372.0

 

$

310.6

 

$

301.4

 

$

9,038.2

 

$

7,244.7

 

$

6,985.4

Distributors and resellers

 

1,764.7

 

1,295.8

 

1,156.3

 

73.4

 

58.4

 

83.7

 

1,838.1

 

1,354.2

 

1,240.0

$

10,430.9

$

8,229.9

$

7,840.3

$

445.4

$

369.0

$

385.1

$

10,876.3

$

8,598.9

$

8,225.4

Geography:

United States

$

2,909.1

 

$

2,282.6

 

$

2,323.5

 

$

246.8

 

$

211.4

 

$

201.2

 

$

3,155.9

 

$

2,494.0

 

$

2,524.7

China

 

3,032.6

 

2,590.3

 

2,300.6

 

11.8

 

7.2

 

5.8

 

3,044.4

 

2,597.5

 

2,306.4

Other foreign locations

 

4,489.2

 

3,357.0

 

3,216.2

 

186.8

 

150.4

 

178.1

 

4,676.0

 

3,507.4

 

3,394.3

$

10,430.9

$

8,229.9

$

7,840.3

$

445.4

$

369.0

$

385.1

$

10,876.3

$

8,598.9

$

8,225.4