Segment information

12 Months Ended

Jun. 27, 2020

Segment information

Segment information

16. Segment information

Electronic Components (“EC”) and Farnell are the Company’s reportable segments (“operating groups”). EC markets and sells semiconductors and interconnect, passive and electromechanical devices and integrated components to a diverse customer base serving many end-markets. Farnell distributes electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources.

	Years Ended
	June 27,		June 29,		June 30,
	2020		2019		2018
	(Millions)
Sales:
Electronic Components	$	16,340.1	$	18,060.3	$	17,543.6
Farnell		1,294.2		1,458.3		1,493.3
	$	17,634.3	$	19,518.6	$	19,036.9
Operating income (loss):
Electronic Components	$	349.1	$	614.9	$	587.3
Farnell		75.5		159.3		151.9
		424.6		774.2		739.2
Corporate		(121.6)		(78.5)		(111.5)
Restructuring, integration and other expenses		(81.9)		(108.1)		(145.1)
Goodwill and intangible asset impairment expenses		(144.1)		(137.4)		(181.4)
Amortization of acquired intangible assets and other		(81.6)		(84.3)		(91.9)
	$	(4.6)	$	365.9	$	209.2
Assets:
Electronic Components	$	6,096.7	$	6,795.0	$	7,510.1
Farnell		1,472.1		1,580.3		1,598.7
Corporate		536.4		189.3		488.0
	$	8,105.2	$	8,564.6	$	9,596.8
Capital expenditures:
Electronic Components	$	46.3	$	80.1	$	127.5
Farnell		19.6		34.0		19.1
Corporate		7.6		8.6		9.3
	$	73.5	$	122.7	$	155.9
Depreciation & amortization expense:
Electronic Components	$	88.4	$	86.6	$	133.3
Farnell		88.5		88.5		94.5
Corporate		5.3		5.7		7.1
	$	182.2	$	180.8	$	234.9
Sales, by geographic area:
Americas(1)	$	4,755.3	$	5,135.8	$	5,011.4
EMEA(2)		5,753.4		6,762.9		6,790.9
Asia/Pacific(3)		7,125.6		7,619.9		7,234.6
	$	17,634.3	$	19,518.6	$	19,036.9
Property, plant and equipment, net, by geographic area:
Americas(4)	$	183.9	$	213.8	$	276.2
EMEA(5)		183.4		200.4		204.8
Asia/Pacific		37.3		38.0		41.9
	$	404.6	$	452.2	$	522.9

(1) Includes sales in the United States of $4.46 billion, $4.80 billion and $4.64 billion for fiscal 2020, 2019 and 2018, respectively.

(2) Includes sales in Germany and Belgium of $2.20 billion and $1.09 billion, respectively, for fiscal 2020. Includes sales in Germany and Belgium of $2.66 billion and $1.16 billion, respectively, for fiscal 2019. Includes sales in Germany and Belgium of $2.66 billion and $1.08 billion, respectively, for fiscal 2018.

(3) Includes sales of $3.07 billion, $2.33 billion and $955.4 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2020. Includes sales of $3.20 billion, $2.52 billion and $1.02 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2019. Includes sales of $2.71 billion, $2.63 billion and $949.5 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2018.

(4) Includes property, plant and equipment, net, of $179.4 million, $209.9 million and $271.4 million in the United States for fiscal 2020, 2019 and 2018, respectively.

(5) Includes property, plant and equipment, net, of $84.9 million, $72.7 million and $22.4 million in Germany, the UK and Belgium, respectively, for fiscal 2020. Fiscal 2019 includes property, plant and equipment, net, of $95.2 million, $70.5 million and $25.2 million in Germany, the UK and Belgium, respectively. Fiscal 2018 includes property, plant and equipment, net, of $99.4 million, $52.5 million and $43.4 million in Germany, the UK and Belgium, respectively.

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
	June 27,		June 29,		June 30,
	2020		2019		2018
	(Millions)
Semiconductors	$	13,440.3	$	14,973.3	$	14,890.9
Interconnect, passive & electromechanical (IP&E)		3,146.0		3,516.0		3,227.0
Computers		572.0		533.1		461.9
Other		476.0		496.2		457.1
	$	17,634.3	$	19,518.6	$	19,036.9