Segment information (Tables)

6 Months Ended

Dec. 28, 2019

Table of the Company's segments and the related financial information for each


	Second Quarters Ended				Six Months Ended
	December 28,		December 29,		December 28,		December 29,
	2019		2018		2019		2018
	(Thousands)
Sales:
Electronic Components	$	4,203,629	$	4,680,714	$	8,497,815	$	9,391,540
Farnell		331,177		368,266		666,999		747,319
		4,534,806		5,048,980		9,164,814		10,138,859
Operating income:
Electronic Components	$	93,144	$	158,551	$	205,430	$	320,464
Farnell		19,954		39,644		41,759		80,436
		113,098		198,195		247,189		400,900
Corporate ⁽¹⁾		(30,904)		(19,372)		(57,582)		(39,546)
Restructuring, integration and other expenses		(14,265)		(62,260)		(38,863)		(77,048)
Amortization of acquired intangible assets and other		(21,454)		(20,513)		(41,532)		(41,440)
Operating income	$	46,475	$	96,050	$	109,212	$	242,866

Sales, by geographic area:
Americas ⁽²⁾	$	1,186,582	$	1,300,423	$	2,402,339	$	2,572,216
EMEA ⁽³⁾		1,425,859		1,668,575		2,896,782		3,383,492
Asia/Pacific ⁽⁴⁾		1,922,365		2,079,982		3,865,693		4,183,151
Sales	$	4,534,806	$	5,048,980	$	9,164,814	$	10,138,859

⁽¹⁾

Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and Farnell measures of profitability or assets. Corporate amounts represent a reconciling item between segment measures of profitability or assets and total Avnet amounts reported in the consolidated financial statements.

⁽²⁾	Includes sales from the United States of $1.12 billion and $1.21 billion for the second quarters ended December 28, 2019 and December 29, 2018, respectively. Includes sales from the United States of $2.26 billion and $2.39 billion for the first six months of fiscal 2020 and 2019, respectively.

⁽³⁾

Includes sales from Germany and Belgium of $537.6 million and $281.6 million, respectively, for the second quarter ended December 28, 2019, and $1.12 billion and $559.4 million, respectively, for the first six months of fiscal 2020. Includes sales from Germany and Belgium of $648.5 million and $276.2 million, respectively, for the second quarter ended December 29, 2018, and $1.33 billion and $556.3 million, respectively, for the first six months of fiscal 2019.

⁽⁴⁾

Includes sales from China (including Hong Kong), Taiwan and Singapore of $611.8 million, $867.8 million and $243.8 million, respectively, for the second quarter ended December 28, 2019, and $1.24 billion, $1.74 billion and $483.4 million, respectively, for the first six months of fiscal 2020. Includes sales from China (including Hong Kong), Taiwan and Singapore of $668.4 million, $926.1 million and $261.9 million, respectively, for the second quarter ended December 29, 2018, and $1.36 billion, $1.81 billion and $542.3 million, respectively, for the first six months of fiscal 2019.

Table of Assets by reportable segment and long-lived assets by geographic area


	December 28,		June 29,
	2019		2019
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	200,201	$	213,802
EMEA ⁽²⁾		195,683		200,379
Asia/Pacific		35,526		37,990
Property, plant, and equipment, net	$	431,410	$	452,171

⁽¹⁾	Includes property, plant and equipment, net, of $195.4 million and $209.9 million as of December 28, 2019, and June 29, 2019, respectively, in the United States.

⁽²⁾

Includes property, plant and equipment, net, of $86.4 million, $75.4 million and $23.3 million in Germany, the United Kingdom and Belgium, respectively, as of December 28, 2019; and $95.2 million, $70.5 million and $25.2 million in Germany, the United Kingdom and Belgium, respectively, as of June 29, 2019.