Segment information

12 Months Ended

Jul. 02, 2022

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 including e-commerce and marketing resources.

	Years Ended
	July 2,		July 3,		June 27,
	2022		2021		2020
	(Millions)
Sales:
Electronic Components	$	22,503.3	$	18,030.5	$	16,340.1
Farnell		1,807.4		1,504.2		1,294.2
	$	24,310.7	$	19,534.7	$	17,634.3
Operating income:
Electronic Components	$	872.0	$	454.8	$	349.1
Farnell		242.5		86.9		75.5
		1,114.5		541.7		424.6
Corporate		(128.9)		(134.7)		(121.6)
Restructuring, integration and other expenses		(5.3)		(84.4)		(81.9)
Goodwill and long-lived asset impairment expense		—		—		(144.1)
Russian-Ukraine conflict related expenses		(26.3)		—		—
Amortization of acquired intangible assets and other		(15.0)		(41.2)		(81.6)
	$	939.0	$	281.4	$	(4.6)
Assets:
Electronic Components	$	8,863.4	$	6,950.0	$	6,096.7
Farnell		1,371.1		1,468.3		1,472.1
Corporate		154.0		507.1		536.4
	$	10,388.5	$	8,925.4	$	8,105.2
Capital expenditures:
Electronic Components	$	25.7	$	21.8	$	46.3
Farnell		23.1		26.1		19.6
Corporate		0.1		2.5		7.6
	$	48.9	$	50.4	$	73.5
Depreciation & amortization expense:
Electronic Components	$	67.7	$	73.4	$	88.4
Farnell		31.3		53.9		88.5
Corporate		3.3		4.6		5.3
	$	102.3	$	131.9	$	182.2
Sales, by geographic area:
Americas(1)	$	5,896.0	$	4,662.5	$	4,755.3
EMEA(2)		7,838.1		6,149.9		5,753.4
Asia(3)		10,576.6		8,722.3		7,125.6
	$	24,310.7	$	19,534.7	$	17,634.3
Property, plant and equipment, net, by geographic area:
Americas(4)	$	115.4	$	146.0	$	183.9
EMEA(5)		170.1		185.8		183.4
Asia		29.7		36.7		37.3
	$	315.2	$	368.5	$	404.6

(1) Includes sales in the United States of $5.48 billion, $4.35 billion, and $4.46 billion for fiscal 2022, 2021, and 2020, respectively.

(2) Includes sales in Germany and Belgium of $3.16 billion and $1.37 billion, respectively, for fiscal 2022. Includes sales in Germany and Belgium of $2.42 billion and $1.12 billion, respectively, for fiscal 2021. Includes sales in Germany and Belgium of $2.20 billion and $1.09 billion, respectively, for fiscal 2020.

(3) Includes sales of $4.64 billion, $3.38 billion, and $1.32 billion in Taiwan, China (including Hong Kong), and Singapore, respectively, for fiscal 2022. Includes sales of $3.93 billion, $2.79 billion, and $1.04 billion in Taiwan, China (including Hong Kong), and Singapore, respectively, for fiscal 2021. 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.

(4) Includes property, plant and equipment, net, of $112.4 million, $142.7 million, and $179.4 million in the United States for fiscal 2022, 2021, and 2020, respectively.

(5) Includes property, plant and equipment, net, of $67.6 million, $79.8 million, and $16.7 million in Germany, the UK, and Belgium, respectively, for fiscal 2022. Fiscal 2021 includes property, plant and equipment, net, of $77.9 million, $83.5 million, and $20.9 million in Germany, the UK, and Belgium, respectively. Fiscal 2020 includes property, plant and equipment, net, of $84.9 million, $72.7 million, and $22.4 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
	July 2,		July 3,		June 27,
	2022		2021		2020
	(Millions)
Semiconductors	$	18,380.2	$	14,722.8	$	13,440.3
Interconnect, passive & electromechanical (IP&E)		4,639.1		3,649.0		3,146.0
Computers		663.2		640.6		572.0
Other		628.2		522.3		476.0
	$	24,310.7	$	19,534.7	$	17,634.3