Segment information

12 Months Ended

Jul. 02, 2016

Segment information

Segment information

16. Segment information

Electronics Marketing (“EM”) and Technology Solutions (“TS”) are the Company’s two reportable segments (“operating groups”). EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products to a diverse customer base serving many end-markets. TS focuses on the value-added distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the world’s foremost technology manufacturers and software developers. TS also provides the latest hard disk drives, microprocessor, motherboard and DRAM module technologies to manufacturers of general-purpose computers and system builders.

	Years Ended
	July 2,		June 27,		June 28,
	2016		2015		2014
	(Millions)
Sales:
Electronics Marketing	$	16,566.8	$	17,344.7	$	16,544.4
Technology Solutions		9,652.5		10,580.0		10,955.3
	$	26,219.3	$	27,924.7	$	27,499.7
Operating income (loss):
Electronics Marketing	$	725.9	$	797.4	$	747.9
Technology Solutions		317.9		325.7		317.8
Corporate		(148.2)		(150.6)		(134.4)
		895.6		972.5		931.3
Restructuring, integration and other expenses (Note 17)		(79.3)		(90.8)		(94.6)
Amortization of acquired intangible assets and other		(28.6)		(54.0)		(46.8)
	$	787.7	$	827.7	$	789.9
Assets:
Electronics Marketing	$	6,889.0	$	6,497.7	$	6,840.2
Technology Solutions		3,742.0		3,609.0		4,140.2
Corporate		608.8		693.3		275.1
	$	11,239.8	$	10,800.0	$	11,255.5
Capital expenditures:
Electronics Marketing	$	101.9	$	99.0	$	38.0
Technology Solutions		9.1		42.1		43.8
Corporate		36.5		33.3		41.4
	$	147.5	$	174.4	$	123.2
Depreciation & amortization expense:
Electronics Marketing	$	36.4	$	45.2	$	48.8
Technology Solutions		55.4		65.1		59.0
Corporate		34.7		37.0		29.4
	$	126.5	$	147.3	$	137.2
Sales, by geographic area:
Americas(1)	$	10,423.6	$	11,144.0	$	10,929.5
EMEA(2)		7,811.0		7,876.2		8,246.1
Asia/Pacific(3)		7,984.7		8,904.5		8,324.1
	$	26,219.3	$	27,924.7	$	27,499.7
Property, plant and equipment, net, by geographic area:
Americas(4)	$	405.0	$	358.1	$	306.2
EMEA(5)		178.1		182.3		199.4
Asia/Pacific		29.6		28.4		29.4
	$	612.7	$	568.8	$	535.0

(1) Includes sales in the United States of $9.45 billion, $9.96 billion and $9.68 billion for fiscal 2016, 2015 and 2014, respectively.

(2) Includes sales in Germany and the United Kingdom of $3.06billion and $1.29 billion, respectively, for fiscal 2016. Includes sales in Germany and the United Kingdom of $2.93 billion and $1.46 billion, respectively, for fiscal 2015. Includes sales in Germany and the United Kingdom of $3.31 billion and $1.36 billion, respectively, for fiscal 2014.

(3) Includes sales of $2.86 billion, $2.70 billion and $1.13 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2016. Includes sales of $3.42 billion, $2.84 billion and $1.18 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2015. Includes sales of $2.63 billion, $2.93 billion and $1.19 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2014.

(4) Includes property, plant and equipment, net, of $395.0 million, $352.2 million and $298.1 million in the United States for fiscal 2016, 2015 and 2014, respectively.

(5) Includes property, plant and equipment, net, of $76.4 million and $69.8 million in Germany and Belgium, respectively, for fiscal 2016. Fiscal 2015 includes property, plant and equipment, net, of $74.2 million in Germany and $74.7 million in Belgium. Fiscal 2014 includes property, plant and equipment, net, of $95.5 million in Germany and $61.0 million in Belgium.

Listed in the table below are the Company’s major product categories and the related sales for each of the past three fiscal years:

	Years Ended
	July 2,		June 27,		June 28,
	2016		2015		2014
	(Millions)
Semiconductors	$	14,654.0	$	15,715.8	$	14,558.4
Computer products, software and services		9,025.6		9,614.2		10,571.6
Connectors, passives, electromechanical and other		2,539.7		2,594.7		2,369.7
Sales	$	26,219.3	$	27,924.7	$	27,499.7