SCHEDULE II

AVNET, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended June 29, 2019, June 30, 2018, and July 1, 2017


	Balance at		Charged to			Charged to						Balance at
	Beginning of		Expense			Other						End of
Account Description	Period		(Income)			Accounts			Deductions			Period
	(Thousands)
Fiscal 2019
Allowance for doubtful accounts	$	48,959	$	10,360		$	—		$	(5,820)	(a)	$	53,499
Valuation allowance on tax loss carry-forwards		239,483		(5,274)	(b)		(2,746)	(c)		—			231,463
Fiscal 2018
Allowance for doubtful accounts		47,272		6,033			—			(4,346)	(a)		48,959
Valuation allowance on tax loss carry-forwards		241,687		(4,704)	(d)		2,500	(e)		—			239,483
Fiscal 2017
Allowance for doubtful accounts		27,448		10,741			14,361	(f)		(5,278)	(a)		47,272
Valuation allowance on tax loss carry-forwards		63,694		4,477	(g)		173,516	(h)		—			241,687

(a)

Uncollectible receivables written off.

(b)

Primarily represents a reduction due to the release of a valuation allowance.

(c)

Primarily related to impact of current year activities and foreign currency exchange on valuation allowances previously established in various foreign jurisdictions.

(d)

Primarily represents a reduction due to the release of a valuation allowance.

(e)

Primarily related to impact of prior year activities and foreign currency exchange on valuation allowances previously established in various foreign jurisdictions.

(f)

Amount relates to increases to the allowance for doubtful accounts from acquisition and divestiture activity and such amounts were not charged to other accounts.

(g)

Primarily related to an increase of $8.8 million due to the establishment of valuation allowances and a reduction of $4.0 million due to a release in valuation allowances.

(h)

Primarily related to the acquisition of Farnell and other tax attributes recorded for which the Company does not expect to realize a benefit.