Valuation And Qualifying Accounts

12 Months Ended

Jun. 29, 2024

Valuation and Qualifying Accounts

Valuation and Qualifying Accounts

SCHEDULE II

AVNET, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended June 29, 2024, July 1, 2023, and July 2, 2022

	Balance at		Charged to			Charged to						Balance at
	Beginning of		Expense			Other						End of
Account Description	Period		(Income)			Accounts			Deductions			Period
	(Thousands)
Fiscal 2024
Allowance for credit losses	$	112,843	$	12,570		$	—		$	(16,909)	(a)	$	108,504
Valuation allowance on tax loss carry-forwards		207,744		10,462	(b)		(2,027)	(c)		—			216,179
Fiscal 2023
Allowance for credit losses		113,902		16,798			—			(17,857)	(a)		112,843
Valuation allowance on tax loss carry-forwards		207,889		4,530	(b)		(4,675)	(c)		—			207,744
Fiscal 2022
Allowance for credit losses		88,160		47,990	(d)		—			(22,248)	(a)		113,902
Valuation allowance on tax loss carry-forwards		293,569		(65,208)	(e)		(20,472)	(f)		—			207,889

(a) Primarily represents uncollectible receivables written off and the impact of changes in foreign currency rates during the fiscal year.

(b) Primarily represents impact of current year activities.

(c) Primarily related to impact of foreign currency exchange on valuation allowances.

(d) Amount includes $17,202 of credit loss provisions associated with accounts receivable from Russian customers that are no longer considered collectible.

(e) Primarily represents net release of valuation allowance and impact of current year activities.

(f) Primarily related to impact of pension-related other comprehensive income and foreign currency exchange on valuation allowances.