Segment information

12 Months Ended

Jul. 01, 2023

Segment information

Segment information

16. Segment information

Electronic Components (“EC”) and Farnell (“Farnell”) are the Company’s reportable segments (“operating groups”).

	Years Ended
	July 1,		July 2,		July 3,
	2023		2022		2021
	(Millions)
Sales:
Electronic Components	$	24,802.6	$	22,503.3	$	18,030.5
Farnell		1,734.3		1,807.4		1,504.2
	$	26,536.9	$	24,310.7	$	19,534.7
Operating income:
Electronic Components	$	1,179.6	$	872.0	$	454.8
Farnell		165.5		242.5		86.9
		1,345.1		1,114.5		541.7
Corporate		(124.2)		(128.9)		(134.7)
Restructuring, integration and other expenses		(28.0)		(5.3)		(84.4)
Russian-Ukraine conflict related expenses		—		(26.3)		—
Amortization of acquired intangible assets and other		(6.1)		(15.0)		(41.2)
	$	1,186.8	$	939.0	$	281.4
Assets:
Electronic Components	$	10,375.4	$	8,863.4	$	6,950.0
Farnell		1,659.0		1,371.1		1,468.3
Corporate		442.8		154.0		507.1
	$	12,477.2	$	10,388.5	$	8,925.4
Capital expenditures:
Electronic Components	$	153.4	$	25.7	$	21.8
Farnell		41.2		23.1		26.1
Corporate		0.1		0.1		2.5
	$	194.7	$	48.9	$	50.4
Depreciation & amortization expense:
Electronic Components	$	63.6	$	67.7	$	73.4
Farnell		24.8		31.3		53.9
Corporate		0.2		3.3		4.6
	$	88.6	$	102.3	$	131.9
Sales, by geographic area:
Americas(1)	$	6,807.7	$	5,896.0	$	4,662.5
EMEA(2)		9,229.4		7,838.1		6,149.9
Asia(3)		10,499.8		10,576.6		8,722.3
	$	26,536.9	$	24,310.7	$	19,534.7
Property, plant and equipment, net, by geographic area:
Americas(4)	$	105.3	$	115.4	$	146.0
EMEA(5)		310.9		170.1		185.8
Asia		25.4		29.7		36.7
	$	441.6	$	315.2	$	368.5

(1) Includes sales in the United States of $6.35 billion, $5.48 billion, and $4.35 billion for fiscal 2023, 2022, and 2021, respectively.

(2) Includes sales in Germany and Belgium of $3.89 billion and $1.55 billion, respectively, for fiscal 2023. 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.

(3) Includes sales of $4.23 billion, $3.40 billion, and $1.50 billion in Taiwan, China (including Hong Kong), and Singapore, respectively, for fiscal 2023. 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.

(4) Includes property, plant and equipment, net, of $101.9 million, $112.4 million, and $142.7 million in the United States for fiscal 2023, 2022, and 2021, respectively.

(5) Includes property, plant and equipment, net, of $196.0 million, $92.6 million, and $15.5 million in Germany, the UK, and Belgium, respectively, for fiscal 2023. Fiscal 2022 includes property, plant and equipment, net, of $67.6 million, $79.8 million, and $16.7 million in Germany, the UK, and Belgium, respectively. 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.

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 1,		July 2,		July 3,
	2023		2022		2021
	(Millions)
Semiconductors	$	21,366.5	$	18,380.2	$	14,722.8
Interconnect, passive & electromechanical (IP&E)		4,150.6		4,639.1		3,649.0
Computers		520.8		663.2		640.6
Other		499.0		628.2		522.3
	$	26,536.9	$	24,310.7	$	19,534.7