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Valuation And Qualifying Accounts K
12 Months Ended
Jun. 28, 2025
Valuation and Qualifying Accounts  
Valuation and Qualifying Accounts

SCHEDULE II

AVNET, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended June 28, 2025, June 29, 2024, and July 1, 2023

Balance at

Charged to

Charged to

Balance at

 

Beginning of

Expense

Other

End of

 

Account Description

Period

(Income)

Accounts

Deductions

Period

 

(Thousands)

 

Fiscal 2025

   

    

    

    

    

Allowance for credit losses

$

108,504

$

3,503

$

$

(3,812)

(a)  

$

108,195

Valuation allowance on tax loss carry-forwards

 

216,179

 

22,238

(b)  

 

15,201

(c)  

 

 

253,618

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

(d)  

 

(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

(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 true ups related to prior years.
(c)Primarily related to impact of foreign currency exchange on valuation allowances.
(d)Primarily represents impact of current year activities.