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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jul. 02, 2011	Jul. 29, 2011	Jan. 01, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	AVNET INC
Entity Central Index Key	0000008858
Document Type	10-K
Document Period End Date	Jul. 02, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--07-02
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 4,995,335,220
Entity Common Stock, Shares Outstanding		152,807,450

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Current assets:
Cash and cash equivalents	$ 675,334	$ 1,092,102
Receivables, less allowances of $107,739 and $81,197, respectively (Note 3)	4,764,293	3,574,541
Inventories	2,596,470	1,812,766
Prepaid and other current assets	191,110	150,759
Total current assets	8,227,207	6,630,168
Property, plant and equipment, net (Note 5)	419,173	302,583
Goodwill (Notes 2 and 6)	885,072	566,309
Other assets	374,117	283,322
Total assets	9,905,569	7,782,382
Current liabilities:
Borrowings due within one year (Note 7)	243,079	36,549
Accounts payable	3,561,633	2,862,290
Accrued expenses and other (Note 8)	673,016	540,776
Total current liabilities	4,477,728	3,439,615
Long-term debt (Note 7)	1,273,509	1,243,681
Other long-term liabilities (Notes 9 and 10)	98,262	89,969
Total liabilities	5,849,499	4,773,265
Commitments and contingencies (Notes 11 and 13)
Shareholders' equity (Notes 4, 12 and 14):
Common stock $1.00 par; authorized 300,000,000 shares; issued 152,835,000 shares and 151,874,000 shares, respectively	152,835	151,874
Additional paid-in capital	1,233,209	1,206,132
Retained earnings	2,293,510	1,624,441
Accumulated other comprehensive income (Note 4)	377,211	27,362
Treasury stock at cost, 37,802 shares and 37,769 shares, respectively	(695)	(692)
Total shareholders' equity	4,056,070	3,009,117
Total liabilities and shareholders' equity	$ 9,905,569	$ 7,782,382

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Current assets:
Allowances for receivables	$ 107,739	$ 81,197
Shareholders' equity (Notes 4, 12 and 14):
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	152,835,000	151,874,000
Treasury stock, shares	37,802	37,769

Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Jul. 02, 2011

Jul. 03, 2010

Jun. 27, 2009

Consolidated Statements of Operations [Abstract]

Sales

$ 26,534,413

$ 19,160,172

$ 16,229,896

Cost of sales

23,426,608

16,879,955

14,206,903

Gross profit

3,107,805

2,280,217

2,022,993

Selling, general and administrative expenses

2,100,650

1,619,198

1,531,522

Impairment charges (Note 6)

1,411,127

Restructuring, integration and other charges (Note 17)

77,176

25,419

99,342

Operating income (loss)

929,979

635,600

(1,018,998)

Other income (expense), net

10,724

2,480

(11,622)

Interest expense

(92,452)

(61,748)

(78,666)

Gain on bargain purchase and other (Note 2)

22,715

Gain on sale of assets (Note 2)

8,751

14,318

Income (loss) before income taxes

870,966

585,083

(1,094,968)

Income tax provision (Note 9)

201,897

174,713

34,744

Net income (loss)

$ 669,069

$ 410,370

$ (1,129,712)

Net earnings (loss) per share (Note 14):

Basic

$ 4.39

$ 2.71

$ (7.49)

^[1]

Diluted

$ 4.34

$ 2.68

$ (7.49)

^[1]

Shares used to compute earnings (loss) per share (Note 14):

Basic

152,481

151,629

150,898

Diluted

154,337

153,093

150,898

[1]	As adjusted for the retrospective application of an accounting standard. See Note 1 to the consolidated financial statements.

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 02, 2011	Apr. 02, 2011	Jan. 01, 2011	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Jan. 02, 2010	Oct. 03, 2009	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Beginning Balance				$ 3,009,117				$ 2,760,857	$ 3,009,117	$ 2,760,857	$ 4,141,941
Net income (loss)	$ 238,800	$ 151,000	$ 141,000	138,200	$ 141,100	$ 114,500	$ 103,900	50,900	669,069	410,370	(1,129,712)
Translation adjustments (Note 4)									329,884	(159,517)	(237,903)
Pension liability adjustment, net of tax of $16,767, $19,287 and $12,022 for 2009, 2010 and 2011, respectively (Notes 4, 10 and 15)									19,965	(31,215)	(26,181)
Comprehensive income (loss) (Note 4)									1,018,918	219,638	(1,393,796)
Stock option and incentive programs, including related tax benefits of $653, $2,100 and $4,689 for 2009, 2010 and 2011, respectively									28,035	28,622	12,712
Ending Balance	4,056,070				3,009,117				4,056,070	3,009,117	2,760,857
Common Stock
Beginning Balance				151,874				151,099	151,874	151,099	150,417
Stock option and incentive programs, including related tax benefits of $653, $2,100 and $4,689 for 2009, 2010 and 2011, respectively									961	775	682
Ending Balance	152,835				151,874				152,835	151,874	151,099
Additional Paid-In Capital
Beginning Balance				1,206,132				1,178,524	1,206,132	1,178,524	1,166,042
Stock option and incentive programs, including related tax benefits of $653, $2,100 and $4,689 for 2009, 2010 and 2011, respectively									27,077	27,608	12,482
Ending Balance	1,233,209				1,206,132				1,233,209	1,206,132	1,178,524
Retained Earnings
Beginning Balance				1,624,441				1,214,071	1,624,441	1,214,071	2,343,783
Net income (loss)									669,069	410,370	(1,129,712)
Ending Balance	2,293,510				1,624,441				2,293,510	1,624,441	1,214,071
Accumulated Other Comprehensive Income
Beginning Balance				27,362				218,094	27,362	218,094	482,178
Translation adjustments (Note 4)									329,884	(159,517)	(237,903)
Pension liability adjustment, net of tax of $16,767, $19,287 and $12,022 for 2009, 2010 and 2011, respectively (Notes 4, 10 and 15)									19,965	(31,215)	(26,181)
Ending Balance	377,211				27,362				377,211	27,362	218,094
Treasury Stock
Beginning Balance				$ (692)				$ (931)	(692)	(931)	(479)
Stock option and incentive programs, including related tax benefits of $653, $2,100 and $4,689 for 2009, 2010 and 2011, respectively									(3)	239	(452)
Ending Balance	$ (695)				$ (692)				$ (695)	$ (692)	$ (931)

Consolidated Statements of Shareholders' Equity (Parenthetical) - USD ($)	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Tax on pension liability adjustment	$ 12,022,000	$ 19,287,000	$ 16,767,000
Common Stock
Related tax benefits on stock option and incentive programs	4,689,000	2,100,000	653,000
Additional Paid-In Capital
Related tax benefits on stock option and incentive programs	4,689,000	2,100,000	653,000
Accumulated Other Comprehensive Income
Tax on pension liability adjustment	12,022,000	19,287,000	16,767,000
Treasury Stock
Related tax benefits on stock option and incentive programs	$ 4,689,000	$ 2,100,000	$ 653,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Cash flows from operating activities:
Net income (loss)	$ 669,069	$ 410,370	$ (1,129,712)
Non-cash and other reconciling items:
Depreciation and amortization	81,389	60,643	65,781
Deferred income taxes (Note 9)	15,966	46,424	(92,787)
Stock-based compensation (Note 12)	28,931	28,363	18,269
Gain on sale of assets (Note 2)		(8,751)	(14,318)
Gain on bargain purchase and other (Note 2)	(22,715)
Impairment charges (Note 6)	0	0	1,411,127
Other, net (Note 15)	56,846	15,385	38,414
Changes in (net of effects from businesses acquired):
Receivables	(421,457)	(1,070,302)	709,908
Inventories	(321,939)	(459,917)	483,453
Accounts payable	165,185	963,332	(375,509)
Accrued expenses and other, net	26,804	(15,962)	3,409
Net cash flows provided by (used for) operating activities	278,079	(30,415)	1,118,035
Cash flows from financing activities:
Borrowings under accounts receivable securitization program, net (Note 7)	160,000
Issuance of notes in a public offering, net of issuance costs (Note 7)		296,469
Repayment of notes (Note 7)	(109,600)		(300,000)
Proceeds from (repayments of) bank debt, net (Note 7)	1,644	(1,732)	(90,444)
Proceeds from (repayments of) other debt, net (Note 7)	7,238	(2,803)	(16,361)
Other, net (Note 12)	3,930	4,838	1,564
Net cash flows provided by (used for) financing activities	63,212	296,772	(405,241)
Cash flows from investing activities:
Purchases of property, plant and equipment	(148,707)	(66,888)	(110,219)
Cash proceeds from sales of property, plant and equipment	10,621	12,015	13,157
Acquisitions of operations and investments, net of cash acquired (Note 2)	(690,997)	(69,333)	(314,941)
Cash proceeds from divestiture activities (Note 2)	19,108	11,785	14,318
Net cash flows used for investing activities	(809,975)	(112,421)	(397,685)
Effect of exchange rate changes on cash and cash equivalents	51,916	(5,755)	(11,637)
Cash and cash equivalents:
- (decrease) increase	(416,768)	148,181	303,472
- at beginning of year	1,092,102	943,921	640,449
- at end of year	$ 675,334	$ 1,092,102	$ 943,921

Summary of Significant Accounting Policies

12 Months Ended

Jul. 02, 2011

Summary of significant accounting policies [Abstract]

Summary of significant accounting policies

1. Summary of significant accounting policies

Principles of consolidation — The accompanying consolidated financial statements include the accounts of the Company and all of its majority-owned and controlled subsidiaries. All intercompany accounts and transactions have been eliminated.

Cash and cash equivalents — The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Inventories — Inventories, comprised principally of finished goods, are stated at cost (first-in, first-out) or market, whichever is lower.

Investments — Investments in joint ventures and entities in which the Company has an ownership interest greater than 50% and exercises control over the venture are consolidated in the accompanying consolidated financial statements. Non-controlling interests in the years presented are not material and, as a result, are included in the caption “accrued expenses and other” in the accompanying consolidated balance sheets. Investments in joint ventures and entities in which the Company exercises significant influence but not control are accounted for using the equity method. The Company invests from time to time in ventures in which the Company’s ownership interest is less than 20% and over which the Company does not exercise significant influence. Such investments are accounted for using the cost method. The fair values for investments not traded on a quoted exchange are estimated based upon the historical performance of the ventures, the ventures’ forecasted financial performance and management’s evaluation of the ventures’ viability and business models. To the extent the book value of an investment exceeds its assessed fair value, the Company will record an appropriate impairment charge. Thus, the carrying value of the Company’s investments approximates fair value.

Depreciation and amortization — Depreciation and amortization is generally provided for by the straight-line method over the estimated useful lives of the assets. The estimated useful lives for depreciation and amortization are typically as follows: buildings — 30 years; machinery, fixtures and equipment — 2-10 years; and leasehold improvements — over the applicable remaining lease term or useful life if shorter.

Long-lived assets — Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. An impairment is recognized when the estimated undiscounted cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. An impairment is measured as the amount by which an asset’s net book value exceeds its estimated fair value. The Company continually evaluates the carrying value and the remaining economic useful life of all long-lived assets and will adjust the carrying value and the related depreciation and amortization period if and when appropriate.

Goodwill — Goodwill represents the excess of the purchase price over the fair value of net assets acquired. Annual tests for goodwill impairment are performed by applying a fair-value based test to Avnet’s six reporting units, defined as each of the three regional businesses, which are the Americas, EMEA (Europe, Middle East and Africa), and Asia, within each of the Company’s operating groups. The Company conducts its periodic test for goodwill impairment annually, on the first day of the fiscal fourth quarter. A two-step process is used to evaluate goodwill for impairment. The first step is to determine if there is an indication of impairment by comparing the estimated fair value of each reporting unit to its carrying value including existing goodwill. Goodwill is considered impaired if the carrying value of a reporting unit exceeds the estimated fair value. The second step, which is performed only if there is an indication of impairment, determines the amount of the impairment by comparing the implied fair value of the reporting unit’s goodwill with its carrying value. To estimate fair value of each reporting unit, the Company uses a combination of present value and market valuation techniques which utilizes Level 3 criteria under fair value measurement standards. The estimated fair values could change in the future due to changes in market and business conditions that could affect the assumptions and estimates used in these valuation techniques.

Foreign currency translation — The assets and liabilities of foreign operations are translated into U.S. Dollars at the exchange rates in effect at the balance sheet date, with the related translation adjustments reported as a separate component of shareholders’ equity and comprehensive income. Results of operations are translated using the average exchange rates prevailing throughout the period. Transactions denominated in currencies other than the functional currency of the Avnet business unit that is party to the transaction (primarily trade receivables and payables) are translated at exchange rates in effect at the balance sheet date or upon settlement of the transaction. Gains and losses from such translation are recorded in the consolidated statements of operations as a component of “other income (expense), net.” In fiscal 2011, 2010 and 2009, gains or losses on foreign currency translation were not material.

Income taxes — The Company follows the asset and liability method of accounting for income taxes. Deferred income tax assets and liabilities are recognized for the estimated future tax impact of differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred income tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in earnings in the period in which the new rate is enacted. Based upon historical and projected levels of taxable income and analysis of other key factors, the Company may record a valuation allowance against its deferred tax assets, as deemed necessary, to state such assets at their estimated net realizable value.

The Company establishes reserves for potentially unfavorable outcomes of positions taken on certain tax matters. These reserves are based on management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. There may be differences between the anticipated and actual outcomes of these matters that may result in reversals of reserves or additional tax liabilities in excess of the reserved amounts. To the extent such adjustments are warranted, the Company’s effective tax rate may potentially fluctuate as a result.

No provision for U.S. income taxes has been made for approximately $2.0 billion of cumulative unremitted earnings of foreign subsidiaries at July 2, 2011 because those earnings are expected to be permanently reinvested outside the U.S. A hypothetical calculation of the deferred tax liability, assuming those earnings were remitted, is not practicable.

Self-insurance — The Company is primarily self-insured for workers’ compensation, medical, and general, product and automobile liability costs; however, the Company also has a stop-loss insurance policy in place to limit the Company’s exposure to individual and aggregate claims made. Liabilities for these programs are estimated based upon outstanding claims and claims estimated to have been incurred but not yet reported based upon historical loss experience. These estimates are subject to variability due to changes in trends of losses for outstanding claims and incurred but not recorded claims, including external factors such as future inflation rates, benefit level changes and claim settlement patterns.

Revenue recognition —Revenue from product sales is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the sales price is fixed or determinable and collectibility is reasonably assured. Generally, these criteria are met upon shipment to customers. Most of the Company’s product sales come from product Avnet purchases from a supplier and holds in inventory. A portion of the Company’s sales are shipments of product directly from its suppliers to its customers. In such circumstances, Avnet negotiates the price with the customer, pays the supplier directly for the product shipped and bears credit risk of collecting payment from its customers. Furthermore, in such drop-shipment arrangements, Avnet bears responsibility for accepting returns of product from the customer even if Avnet, in turn, has a right to return the product to the original supplier if the product is defective. Under these terms, the Company serves as the principal with the customer and, therefore, recognizes the sale and cost of sale of the product upon receiving notification from the supplier that the product has shipped.

In addition, the Company has more limited contractual relationships with certain of its customers and suppliers whereby Avnet assumes an agency relationship in the transaction. In such arrangements, the Company recognizes the fee associated with serving as an agent in sales with no associated cost of sales.

Revenues from maintenance contracts are recognized ratably over the life of the contracts, generally ranging from one to three years.

Revenues are recorded net of discounts, rebates and estimated returns. Provisions are made for discounts and rebates, which are primarily volume-based, and are based on historical trends and anticipated customer buying patterns. Provisions for returns are estimated based on historical sales returns, credit memo analysis and other known factors.

Comprehensive income (loss)— Comprehensive income (loss) represents net income (loss) for the year adjusted for changes in shareholders’ equity from non-shareholder sources. Accumulated comprehensive income items typically include currency translation and the impact of the Company’s pension liability adjustment, net of tax (see Note 4).

Stock-based compensation —The Company measures share-based payments, including grants of employee stock options, at fair value and recognizes the associated expense in the consolidated statement of operations over the service period (see Note 12).

Concentration of credit risk — Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and cash equivalents and trade accounts receivable. The Company invests its excess cash primarily in overnight Eurodollar time deposits and institutional money market funds with quality financial institutions. The Company sells electronic components and computer products primarily to original equipment and contract manufacturers, including the military and military contractors, throughout the world. To reduce credit risk, management performs ongoing credit evaluations of its customers’ financial condition and, in some instances, has obtained insurance coverage to reduce such risk. The Company maintains reserves for potential credit losses, but has not experienced any material losses related to individual customers or groups of customers in any particular industry or geographic area.

Fair value of financial instruments — The Company measures financial assets and liabilities at fair value based upon exit price, representing the amount that would be received on the sale of an asset or paid to transfer a liability, in an orderly transaction between market participants. Accounting standards require inputs used in valuation techniques for measuring fair value on a recurring or non-recurring basis be assigned to a hierarchical level as follows: Level 1 are observable inputs that reflect quoted prices for identical assets or liabilities in active markets. Level 2 are observable market-based inputs or unobservable inputs that are corroborated by market data and Level 3 are unobservable inputs that are not corroborated by market data. The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, receivables and accounts payable approximate their fair values at July 2, 2011 due to the short-term nature of these instruments. At July 2, 2011 and July 3, 2010, the Company had $164,157,000 and $643,281,000, respectively, of cash equivalents which were recorded based upon Level 1 criteria. See Note 7 for further discussion of the fair value of the Company’s fixed rate long-term debt instruments and see Investments in this Note 1 for further discussion of the fair value of the Company’s investments in unconsolidated entities.

Derivative financial instruments — Many of the Company’s subsidiaries, on occasion, purchase and sell products in currencies other than their functional currencies. This subjects the Company to the risks associated with fluctuations in foreign currency exchange rates. The Company reduces this risk by utilizing natural hedging (offsetting receivables and payables) as well as by creating offsetting positions through the use of derivative financial instruments, primarily forward foreign exchange contracts with maturities of less than sixty days. The Company continues to have exposure to foreign currency risks to the extent they are not hedged. The Company adjusts all foreign denominated balances and any outstanding foreign exchange contracts to fair market value through the consolidated statements of operations. Therefore, the market risk related to the foreign exchange contracts is offset by the changes in valuation of the underlying items being hedged. The asset or liability representing the fair value of foreign exchange contracts, based upon Level 2 criteria under the fair value measurements standards, is classified in the captions “other current assets” or “accrued expenses and other,” as applicable, in the accompanying consolidated balance sheets and were not material. In addition, the Company did not have material gains or losses related to the forward contracts which are recorded in “other income (expense), net” in the accompanying consolidated statements of operations.

The Company has, from time to time, entered into hedge transactions that convert certain fixed rate debt to variable rate debt. To the extent the Company enters into such hedge transactions, those fair value hedges and the hedged debt are adjusted to current market values through interest expense.

The Company generally does not hedge its investment in its foreign operations. The Company does not enter into derivative financial instruments for trading or speculative purposes and monitors the financial stability and credit standing of its counterparties.

Accounts receivable securitization — The Company has an accounts receivable securitization program whereby the Company may sell receivables in securitization transactions and retain a subordinated interest and servicing rights to those receivables. The securitization program is accounted for as an on-balance sheet financing through the securitization of accounts receivable (see Note 3).

Fiscal year — The Company operates on a “52/53 week” fiscal year, which ends on the Saturday closest to June 30th. Fiscal 2011 and 2009 contained 52 weeks while fiscal 2010 contained 53 weeks. Unless otherwise noted, all references to “fiscal 2011” or any other “year” shall mean the Company’s fiscal year.

Management estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Adoption of accounting standard — The Financial Accounting Standards Board (“FASB”) issued authoritative guidance which requires the issuer of certain convertible debt instruments that may be settled in cash (or other assets) on conversion to separately account for the debt and equity (conversion option) components of the instrument. The standard requires the convertible debt to be recognized at the present value of its cash flows discounted using the non-convertible debt borrowing rate at the date of issuance. The resulting debt discount from this present value calculation is to be recognized as the value of the equity component and recorded to “additional paid in capital.” The discounted convertible debt is then required to be accreted up to its face value and recorded as non-cash interest expense over the expected life of the convertible debt. In addition, deferred financing costs associated with the convertible debt are required to be allocated between the debt and equity components based upon relative values. During the first quarter of fiscal 2010, the Company adopted this standard, however, there was no impact to the fiscal 2010 consolidated financial statements because the Company’s 2% Convertible Senior Debentures (the “Debentures”), to which this standard applied, were extinguished in March 2009. Due to the required retrospective application of this standard to prior periods, the Company adjusted the prior period comparative consolidated financial statements, which are summarized in the following tables.

As a result of the adoption of this accounting standard, the Company recognized the cumulative effect of the change on certain components of equity as of the beginning of the earliest fiscal year presented in the consolidated statements of shareholders’ equity as presented in the following table:


	June 28, 2008
	As Reported		Adjustments			As Adjusted
	(Thousands)
Additional paid in capital ⁽¹⁾	$	1,122,852	$	43,190		$	1,166,042
Retained earnings ⁽²⁾	$	2,379,723	$	(35,940	)	$	2,343,783


⁽¹⁾		Adjustment represents the value of the equity component of the Debentures, net of deferred taxes.

⁽²⁾		Adjustment represents the accretion of the debt discount, net of tax, over the expected life of the Debentures, which was five years from the date of issuance, or March 2009, because this was the earliest date the holders had a right to exercise their put option.


	Fiscal Year Ended
Adjustments-increase (decrease)	June 27, 2009
	(Thousands, except
	per share data)
Selling, general and adminstrative expenses ⁽³⁾	$	(291	)
Interest expense ⁽⁴⁾		12,185
Income tax provision		(4,644	)
Net income		(7,250	)
Basic EPS	$	(0.05	)
Diluted EPS	$	(0.05	)


⁽³⁾		Adjustment represents a reduction to deferred financing cost amortization expense as a result of allocating a portion of such costs to the equity component of the Debentures.

⁽⁴⁾		Adjustment represents incremental non-cash interest expense as a result of accreting the Debenture debt discount.

Recently issued accounting pronouncements — In June 2011, the FASB amended its guidance on the presentation of comprehensive income in financial statements. The amended guidance eliminates the option to present components of other comprehensive income (“OCI”) as part of the statement of changes in equity. Instead, entities can elect to present items of net income and OCI in one continuous statement (a “statement of comprehensive income”), or can elect to present these items in two separate but consecutive statements. The guidance, which is effective beginning the Company’s fiscal year 2013, will not have an impact on the Company’s consolidated financial statements as the guidance only relates to changes in financial statement presentation.

In April 2011, the FASB issued new guidance to achieve common fair value measurement and disclosure requirements between U.S. generally accepted accounting principles (“U.S. GAAP”) and International Financial Reporting Standards (“IFRS”). This new guidance, which is effective beginning the Company’s fiscal year 2012, amends current U.S. GAAP fair value measurement and disclosure requirements to include increased transparency around valuation inputs and investment categorization. The adoption of this new guidance is not expected to have a material impact on the Company’s consolidated financial statements.

Acquisitions and divestitures

12 Months Ended

Jul. 02, 2011

Acquisitions and divestitures [Abstract]

Acquisitions and divestitures

2. Acquisitions and divestitures

Acquisitions

During fiscal 2011, 2010 and 2009, the Company acquired sixteen businesses which are presented in the following table.


		Approximate
		Annualized		Acquisition
Acquired Business	Group & Region	Revenues (1)		Date
		(Millions)
Fiscal 2011
itX Group Ltd.	TS Asia/Pac	$	160	January 2011
Center Cell	EM Americas		5	November 2010
Eurotone	EM Asia/Pac		30	October 2010
Broadband	EM Americas		8	October 2010
Unidux	EM Asia/Pac		370	July 2010
Tallard Technologies	TS Americas		250	July 2010
Bell Microproducts Inc.	EM & TS Americas		3,021	July 2010
	TS EMEA

Fiscal 2010
Servodata HP Division	TS EMEA	$	20	April 2010
PT Datamation	TS Asia/Pac		90	April 2010
Sunshine Joint Stock Company	TS Asia/Pac		30	November 2009
Vanda Group	TS Asia/Pac		30	October 2009

Fiscal 2009
Abacus Group plc	EM EMEA	$	400	January 2009
Nippon Denso Industry Co., Ltd.	EM Asia/Pac		140	December 2008
Ontrack Solutions Pvt. Ltd.	TS Asia/Pac		13	July 2008
Horizon Technology Group plc	TS EMEA		400	June 2008
Source Electronics Corporation	EM Americas		82	June 2008


⁽¹⁾		Represents the approximate annual revenue from the acquired businesses’ most recent fiscal year end prior to acquisition by Avnet and based upon average foreign currency exchange rates for those periods.

The Bell and Unidux acquisitions and purchase price are described further below. The remaining acquisitions completed during fiscal 2011 were acquired for an aggregate purchase price of $124,678,000, net of cash acquired.

Also during fiscal 2011, the Company recognized restructuring and integration charges, and transaction and other costs associated with the acquisitions, all of which were recognized in the consolidated statement of operations and are described further in Note 17.

Unidux, a Japanese publicly traded company, was acquired through a tender offer in which the Company obtained over 95% controlling interest. The non-controlling interest was recorded at fair value but was not material. The acquisition of the non-controlling interest in Unidux was completed during the second quarter of fiscal 2011. As mentioned, Unidux was a publicly traded company which shares were trading below its book value for a period of time. In a tender offer, Avnet offered a purchase price per share for Unidux that was above the prevailing trading price thereby representing a premium to the then recent trading levels. Even though the purchase price was below book value, 95% of the Unidux shareholders tendered their shares. As a result, the Company acquired Unidux net assets excluding cash of $163,770,000 for a purchase price of $132,780,000, net of cash acquired, and recognized a gain on bargain purchase of $30,990,000 pre- and after tax and $0.20 per share on a diluted basis. Prior to recognizing the gain, the Company reassessed the assets acquired and liabilities assumed in the acquisition.

Bell

On July 6, 2010, subsequent to fiscal year 2010, the Company completed its acquisition of Bell, a value-added distributor of storage and server products and solutions and computer components products, providing integration and support services to OEMs, VARs, system builders and end users in the U.S., Canada, EMEA and Latin America. Bell operated both a distribution and single tier reseller business and generated sales of approximately $3.0 billion in calendar 2009, of which 42%, 41% and 17% was generated in North America, EMEA and Latin America, respectively. The consideration for the transaction totaled $255,691,000 which consisted of $7.00 in cash for each share of Bell common stock outstanding, cash payment for Bell equity awards, and cash payments required under existing Bell change of control agreements, plus the assumption of $323,321,000 of Bell net debt. Of the debt acquired, Avnet repaid approximately $209,651,000 of debt (including associated fees) immediately after closing. As of the end of fiscal 2011, the Company had completed the integration of Bell into both the EM and TS operating groups and has achieved its anticipated cost saving synergies, for which the full impact of the cost savings benefit is expected to be reflected in the first quarter of fiscal 2012.

Preliminary allocation of purchase price

The Bell acquisition was accounted for as a purchase business combination. Assets acquired and liabilities assumed are recorded in the accompanying consolidated balance sheet at their estimated fair values, using management’s estimates and assumptions, as of July 6, 2010 (see following table).

As a result of the evaluation of the fair value of the acquired assets and assumed liabilities, the Company recognized $60,000,000 for an identifiable amortizable intangible asset (see Note 6).

During the second quarter of fiscal 2011, the Company recognized a contingent liability of $18,000,000 for potential unpaid import duties associated with the former Bell Latin America business. Prior to the acquisition of Bell by Avnet, U.S. Customs and Border Protection (“CBP”) initiated a review of the importing process at one of Bell’s subsidiaries and identified compliance deficiencies. Subsequent to the acquisition of Bell by Avnet, CBP began a compliance audit to identify any duty owed as a result of the prior non-compliance. As of July 2, 2011, the Company continued to evaluate the potential exposure based upon further activities associated with the audit and the Company’s ability to obtain appropriate documentation for certain transactions under audit. The Company has evaluated projected duties, interest and penalties that potentially may be imposed as a result of the audit and, as further information has become available during the fourth quarter of fiscal 2011, the Company reduced the contingent liability from $18,000,000 to $10,000,000, which was recorded to goodwill. Depending on the ultimate resolution of the matter with CBP, the Company estimates the range of the potential exposure associated with this liability may be up to $73 million; however, the Company believes the contingent liability recorded is a reasonable estimate of the liability based upon facts available at this time.

The Company acquired accounts receivable which were recorded at the estimated fair value amounts; however, adjustments to acquired amounts were not significant as book value approximated fair value due to the short term nature of accounts receivables. The gross amount of accounts receivable acquired was $381,805,000 and the fair value recorded was $363,589,000, which is expected to be collected.


	July 6, 2010
	(Thousands)
Current assets	$	705,986
Property, plant and equipment		13,022
Goodwill		224,265
Identifiable intangible asset		60,000
Other assets		37,964

Total assets acquired		1,041,237

Current liabilities, excluding current portion of long-term debt		396,875
Long-term liabilities		30,218
Total debt		358,453

Total liabilities assumed		785,546

Net assets acquired	$	255,691

The amount of goodwill associated with the Bell acquisition that is expected to be deductible for tax purposes is not significant.

Significant synergies related to the integration of the acquired Bell business have resulted in operating cost reductions; such expense synergy savings were a primary driver of the excess of purchase price paid over the value of assets and liabilities acquired.

Pro forma results

Unaudited pro forma financial information is presented below as if the acquisition of Bell occurred at the beginning of fiscal 2010. The pro forma information presented below does not purport to present what actual results would have been had the acquisition in fact occurred at the beginning of fiscal 2010, nor does the information project results for any future period. In addition, the pro forma results exclude the impact of any synergies realized as a result of integration activity.


	Pro Forma Results
	Twelve Months Ended
	July 3, 2010
	(Thousands, except per
	share data)
Pro forma sales	$	22,291,579
Pro forma operating income		660,769
Pro forma net income		404,249

Pro forma diluted earnings per share	$	2.64

In order to create the pro forma results in the table above, the combined results for Avnet and Bell for the twelve months ended fiscal 2010 were adjusted for the following:

•

$8,571,000 pre-tax, $6,074,000 after tax, or $0.04 per diluted share for fiscal 2010 of intangible asset amortization associated with the Bell acquisition; and

•

$5,181,000 pre-tax, $3,168,000 after tax, or $0.02 per diluted share for fiscal 2010 for Bell transaction costs that were expensed upon closing.

Pro forma financial information is not presented for fiscal 2011 because the Bell acquisition occurred on July 6, 2010, which is three days after the beginning of the Company’s fiscal year 2011. The accompanying consolidated statement of operations for the first quarter of fiscal 2011 included sales of $781,135,000 related to the acquired Bell business. As of the end of the second quarter of fiscal 2011, the Company was in the process of integrating the Bell business into the Avnet existing business, which included IT systems integration, and administrative, sales and logistics operations integrations. As a result, after the first quarter of fiscal 2011, the Company was no longer able to identify the acquired Bell business separately from the on-going Avnet business.

Prior year acquisition-related exit activity accounted for in purchase accounting

Prior to fiscal 2010, certain restructuring charges were recognized as part of purchase accounting under previous accounting standards. During fiscal 2007 and 2006, the Company recorded certain exit-related liabilities through purchase accounting which consisted of severance for workforce reductions, non-cancelable lease commitments and lease termination charges for leased facilities, and other contract termination costs associated with the exit activities. During fiscal 2011, the Company paid $462,000 in cash associated with these reserves. In addition, the Company released $2,258,000 of lease reserves that were determined to be no longer required and recorded the credit to “restructuring, integration and other charges” rather than as a credit to goodwill because the goodwill was impaired in fiscal 2009 (see Note 6). As of July 2, 2011, the total remaining reserve was $2,827,000 which related primarily to facility exit costs and other contractual lease obligations which management expects to be substantially utilized by the end of fiscal 2013.

Investments and divestitures

The Company completed its divestiture of New ProSys Corp. (“ProSys”), a value-added reseller and provider of IT infrastructure solutions. Avnet acquired ProSys as part of the Bell acquisition on July 6, 2010, and announced its intention to sell this business at that time. Total consideration included a cash payment at closing, a short-term receivable and a three-year earn-out based upon ProSys’ anticipated results. As a result of the divestiture, the Company received cash proceeds of $19,108,000 and wrote off goodwill associated with the ProSys business (see Note 6). No gain or loss was recorded as a result of the divestiture. Also during fiscal 2011, the Company recognized a loss of $6,308,000 pre-tax, $3,857,000 after tax and $0.02 per share on a diluted basis included in “Gain on bargain purchase and other” related to the write down of prior investments in smaller technology start-up companies (see Notes 5 and 6 for other amounts included in “Gain on bargain purchase and other”).

During fiscal 2010, the Company recognized a gain on the sale of assets as a result of certain earn-out provisions associated with the prior sale of the Company’s equity investment in Calence LLC. The gain on sale of assets was $8,751,000 pre-tax, $5,370,000 after tax and $0.03 per share on a diluted basis. In addition, the Company sold a cost method investment and received proceeds of approximately $3,034,000 in the second quarter of fiscal 2010.

During fiscal 2009, the Company recognized a gain on the sale of assets amounting to $14,318,000 pre-tax, $8,727,000 after tax and $0.06 per share as a result of certain earn-out provisions associated with the prior sale of the Company’s equity investment in Calence LLC.

Accounts Receivable Securitization	12 Months Ended
Accounts Receivable Securitization	Jul. 02, 2011
Accounts receivable securitization [Abstract]
Accounts receivable securitization	3. Accounts receivable securitization In August 2010, the Company amended its accounts receivable securitization program (the “Program”) with a group of financial institutions to allow the Company to sell, on a revolving basis, an undivided interest of up to $600,000,000 ($450,000,000 prior to the amendment) in eligible U.S. receivables while retaining a subordinated interest in a portion of the receivables. The eligible receivables are sold through a wholly-owned bankruptcy-remote special purpose entity that is consolidated for financial reporting purposes. Such eligible receivables are not directly available to satisfy claims of the Company’s creditors. Financing under the Program does not qualify as off-balance sheet financing, as a result, the receivables and related debt obligation remain on the Company’s consolidated balance sheet as amounts are drawn on the Program. The Program has a one year term that expires at the end of August 2011 which is expected to be renewed for another year on comparable terms. There were $160,000,000 in borrowings outstanding under the Program at July 2, 2011 and no amounts outstanding as of July 3, 2010. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread of 0.425%. The facility fee is 0.50%. Expenses associated with the Program, which were not material in the past three fiscal years, consisted of program, facility and professional fees recorded in selling, general and administrative expenses in the accompanying consolidated statements of operations.

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 140
-Paragraph 17
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS140-4/FIN46(R)-8
-Paragraph 6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS140-4/FIN46(R)-8
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Comprehensive Income (Loss)

12 Months Ended

Jul. 02, 2011

Comprehensive Income (Loss) [Abstract]

Comprehensive income (loss)

4. Comprehensive income (loss)

The following table illustrates the accumulated balances of comprehensive income items at July 2, 2011, July 3, 2010 and June 27, 2009:


	July 2,			July 3,			June 27,
	2011			2010			2009
	(Thousands)
Accumulated translation adjustments, net	$	461,213		$	131,329		$	290,846
Accumulated pension liability adjustments, net of income taxes		(84,002	)		(103,967	)		(72,752	)

Total	$	377,211		$	27,362		$	218,094

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14-26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Topic 220
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+ Details

Property plant and equipment, net

12 Months Ended

Jul. 02, 2011

Property plant and equipment, net [Abstract]

Property, plant and equipment, net

5. Property, plant and equipment, net

Property, plant and equipment are recorded at cost and consist of the following:


	July 2,			July 3,
	2011			2010
	(Thousands)
Land	$	22,467		$	20,697
Buildings		112,072			102,875
Machinery, fixtures and equipment		805,093			663,915
Leasehold improvements		92,728			56,686

		1,032,360			844,173
Less — accumulated depreciation and amortization		(613,187	)		(541,590	)

	$	419,173		$	302,583

Depreciation and amortization expense related to property, plant and equipment was $57,516,000, $49,692,000 and $50,653,000 in fiscal 2011, 2010 and 2009, respectively. In addition, the Company recognized other charges of $1,968,000 pre-tax, $1,413,000 after tax and $0.01 per share on a diluted basis primarily related to an impairment of buildings in EMEA (see Notes 2 and 6 for other amounts included in “Gain on bargain purchase and other”).

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Goodwill and intangible assets

12 Months Ended

Jul. 02, 2011

Goodwill and intangible assets [Abstract]

Goodwill and intangible assets

6. Goodwill and intangible assets

The following table presents the carrying amount of goodwill, by reportable segment, for the periods presented:


	Electronics		Technology
	Marketing		Solutions			Total
	(Thousands)
Carrying value at July 3, 2010	$	242,626	$	323,683		$	566,309
Additions		100,356		244,173			344,529
Adjustments		—		(53,565	)		(53,565	)
Foreign currency translation		9,888		17,911			27,799

Carrying value at July 2, 2011	$	352,870	$	532,202		$	885,072

The goodwill additions are a result of the Bell acquisition as well as other businesses that were acquired during fiscal 2011 (see Note 2). The Unidux acquisition resulted in $30,990,000 of negative goodwill which was included in “Gain on bargain purchase and other” on the consolidated statement of operations (see Notes 2 and 5 for other amounts included in “Gain on bargain purchase and other”). The adjustments to goodwill resulted from the write off of goodwill as a result of the sale of ProSys (see Note 2) and the recognition of intangible assets associated with an acquisition completed during fiscal 2011 (see Intangible assets in this Note 6).

The following table presents the gross amount of goodwill and accumulated impairment since fiscal 2009 as of July 3, 2010 and July 2, 2011. All of the accumulated impairment was recognized in fiscal 2009.


	Electronics			Technology
	Marketing			Solutions			Total
	(Thousands)
Gross goodwill at July 3, 2010	$	1,287,736		$	658,307		$	1,946,043
Accumulated impairment		(1,045,110	)		(334,624	)		(1,379,734	)

Carrying value at July 3, 2010	$	242,626		$	323,683		$	566,309


Gross goodwill at July 2, 2011	$	1,397,980		$	866,826		$	2,264,806
Accumulated impairment		(1,045,110	)		(334,624	)		(1,379,734	)

Carrying value at July 2, 2011	$	352,870		$	532,202		$	885,072

The Company performs its annual goodwill impairment test on the first day of its fiscal fourth quarter. In addition, if and when events or circumstances change that would more likely than not reduce the fair value of any of its reporting units below its carrying value, an interim test would be performed. Based upon the Company’s annual impairment tests performed for fiscal 2011 and 2010, there was no impairment of goodwill in the respective fiscal years. During fiscal 2009, the Company recognized goodwill and intangible asset impairment charges of $1,411,127,000 pre-tax, $1,376,983,000 after tax and $9.13 per share resulting from an interim impairment test performed at the end of the second quarter and from the annual impairment test performed during the fourth quarter of fiscal 2009. The non-cash charge had no impact on the Company’s compliance with debt covenants, its cash flows or available liquidity, but did have a material impact on its consolidated financial statements.

Fiscal 2009 impairment charges

In the second quarter of fiscal 2009, due to the steady decline in the Company’s market capitalization primarily related to the global economic downturn, the Company determined an interim impairment test was necessary. Based upon the test results, it was determined that the fair values of four of the Company’s six reporting units were below their carrying values as of the end of the second quarter of fiscal 2009. Accordingly, the Company recognized a non-cash goodwill impairment charge of $1,317,452,000 pre-tax, $1,283,308,000 after-tax and $8.51 per share in its second quarter of fiscal 2009 results.

A two step process is used to test for goodwill impairment. The first step is to determine if there is an indication of impairment by comparing the estimated fair value of each reporting unit to its carrying value including existing goodwill. Goodwill is considered impaired if the carrying value of a reporting unit exceeds the estimated fair value. Upon an indication of impairment, a second step is performed to determine the amount of the impairment by determining the implied fair value of all of the reporting unit’s assets and liabilities, including identifiable intangible assets, and comparing the implied fair value of goodwill with its carrying value. The determination of fair value in both step one and step two utilized Level 3 criteria under fair value measurement standards.

To estimate the fair value of its reporting units for step one, the Company utilized a combination of income and market approaches. The income approach, specifically a discounted cash flow methodology, included assumptions for, among others, forecasted revenues, gross profit margins, operating profit margins, working capital cash flow, perpetual growth rates and long term discount rates, all of which require significant judgments by management. These assumptions took into account the recessionary environment at the time the test was being performed and its impact on the Company’s business. In addition, the Company utilized a discount rate appropriate to compensate for the additional risk in the equity markets regarding the Company’s future cash flows in order to arrive at a control premium considered supportable based upon historical comparable transactions.

The results of step one indicated that the goodwill related to the EM Asia, TS EMEA and TS Asia reporting units was fully impaired. Therefore, the Company only performed step two of the impairment analysis for its EM Americas reporting unit. Step two of the impairment test required the Company to fair value all of the reporting unit’s assets and liabilities, including identifiable intangible assets, and compare the implied fair value of goodwill to its carrying value. The results of step two indicated that the goodwill in the EM Americas reporting unit was also fully impaired.

During the fourth quarter of fiscal 2009, the Company performed its annual goodwill impairment test which indicated that three of its six reporting units, including EM Asia and TS EMEA, continued to have fair values below their carrying values. As a result, the Company was required to recognize the impairment of additional goodwill which arose subsequent to the second quarter of fiscal 2009 in the EM Asia and TS EMEA reporting units. Of the non-cash goodwill impairment charges of $62,282,000 pre- and after tax and $0.41 per share recognized in the fourth quarter, $41,433,000 related to the business acquired in Japan in the third quarter of fiscal 2009, which was assigned to the EM Asia reporting unit. Accounting standards require goodwill from an acquisition to be assigned to a reporting unit and also requires goodwill to be tested on a reporting unit level, not by individual acquisition. As noted above, the annual impairment analysis indicated that the fair value of the EM Asia reporting unit continued to be below its carrying value. As a result, the goodwill from the acquisition was required to be impaired. The remaining $20,849,000 of the impairment charges related to additional goodwill in the TS EMEA reporting unit primarily as a result of final acquisition adjustments during the purchase price allocation period related to an acquisition for which the goodwill had been fully impaired in the second quarter of fiscal 2009.

Intangible assets

As of July 2, 2011, “Other assets” included customer relationship intangible assets with a carrying value of $124,662,000; consisting of $170,417,000 in original cost value and $45,755,000 of accumulated amortization and foreign currency translation. These assets are being amortized over a weighted average life of eight years. During fiscal 2011, the Company recognized $89,372,000 in intangible assets associated with acquisitions completed during fiscal 2011. Intangible asset amortization expense was $21,240,000, $8,629,000 and $12,272,000 in fiscal 2011, 2010 and 2009, respectively. Amortization expense for the next five years is expected to be approximately $21,000,000 each year for fiscal 2012 through 2015 and $16,000,000 for 2016.

During fiscal 2009, the Company evaluated the recoverability of its long-lived assets at each of the reporting units where goodwill was deemed to be impaired. Based upon this evaluation, which utilized Level 3 criteria under fair value measurement standards, the Company determined that certain of its amortizable intangible assets were impaired. As a result, the Company recognized a non-cash intangible asset impairment charge of $31,393,000 pre- and after tax and $0.21 per share during the second quarter of fiscal 2009. In conjunction with the annual goodwill impairment test, the Company again evaluated the recoverability of its long-lived assets during the fourth quarter of fiscal 2009 and determined that no impairment had occurred.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

External financing

12 Months Ended

Jul. 02, 2011

External financing [Abstract]

External financing

7. External financing

Short-term debt consists of the following:


	July 2,		July 3,
	2011		2010
	(Thousands)
Bank credit facilities	$	81,951	$	35,617
Borrowings under the accounts receivable securitization program		160,000		—
Other debt due within one year		1,128		932

Short-term debt	$	243,079	$	36,549

Bank credit facilities consist of various committed and uncommitted lines of credit with financial institutions utilized primarily to support the working capital requirements of foreign operations. The weighted average interest rate on the bank credit facilities was 7.8% and 4.0% at the end of fiscal 2011 and 2010, respectively. In connection with acquisitions completed in fiscal 2011 (see Note 2), the Company assumed debt of $420,259,000, of which $211,933,000 was repaid (including associated fees) at the acquisition dates. As of the end of the fiscal 2011, the outstanding balances associated with the assumed debt and credit facilities consisted of $16,627,000 in bank credit facilities and other debt primarly used to support the acquired foreign operations. The total debt assumed during fiscal 2011 included the 3.75% Notes due March 2024 acquired from Bell which had a fair value of $110,000,000 and that has substantially been repaid as is discussed further below.

In August 2010, the Company amended its accounts receivable securitization program (the “Program”) with a group of financial institutions to allow the Company to sell, on a revolving basis, an undivided interest of up to $600,000,000 ($450,000,000 prior to the amendment) in eligible receivables while retaining a subordinated interest in a portion of the receivables. The Program does not qualify for sale treatment and, as a result, any borrowings under the Program are recorded as debt on the consolidated balance sheet. The Program contains certain covenants, all of which the Company was in compliance with as of July 2, 2011. The Program has a one year term that expires in August 2011 which is expected to be renewed for another year on comparable terms. There were $160,000,000 in borrowings outstanding under the Program at July 2, 2011 and no amounts outstanding at July 3, 2010. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread of 0.425%. The facility fee is 0.50%.

Long-term debt consists of the following:


	July 2,			July 3,
	2011			2010
	(Thousands)
5.875% Notes due March 15, 2014	$	300,000		$	300,000
6.00% Notes due September 1, 2015		250,000			250,000
6.625% Notes due September 15, 2016		300,000			300,000
5.875% Notes due June 15, 2020		300,000			300,000
Other long-term debt		126,512			97,217

Subtotal		1,276,512			1,247,217
Discount on notes		(3,003	)		(3,536	)

Long-term debt	$	1,273,509		$	1,243,681

In June 2010, the Company issued $300,000,000 of 5.875% Notes due June 15, 2020. The Company received proceeds of $296,469,000 from the offering, net of discount and underwriting fees. The 5.875% Notes due 2020 rank equally in right of payment with all existing and future senior unsecured debt and interest is payable in cash semi-annually in arrears on June 15 and December 15.

The Company has a five-year $500,000,000 unsecured revolving credit facility (the “Credit Agreement”) with a syndicate of banks which expires in September 2012. Under the Credit Agreement, the Company may elect from various interest rate options, currencies and maturities. The Credit Agreement contains certain covenants, all of which the Company was in compliance with as of July 2, 2011. As of the end of fiscal 2011, there were $122,093,000 in borrowings outstanding under the Credit Agreement included in “other long-term debt” in the consolidated financial statements. In addition, there were $16,602,000 in letters of credit issued under the Credit Agreement which represent a utilization of the Credit Agreement capacity but are not recorded in the consolidated balance sheet as the letters of credit are not debt. At July 3, 2010, there were $93,682,000 in borrowings outstanding under the Credit Agreement and $8,597,000 in letters of credit issued under the Credit Agreement.

As a result of the acquisition of Bell, the Company assumed 3.75% Notes due March 2024 which had a fair value of $110,000,000 and that were convertible into Bell common stock; however, as of the acquisition completion date, the debt was no longer convertible into shares. Under the terms of the 3.75% Notes, the Company could have redeemed some or all of the 3.75% Notes for cash anytime on or after March 5, 2011 and the note holders could have required the Company to purchase for cash some or all of the 3.75% Notes on March 5, 2011, March 5, 2014 or March 5, 2019 at a redemption price equal to 100% of the principal amount plus interest. During the first quarter of fiscal 2011, the Company issued a tender offer for the 3.75% Notes for which $5,205,000 was tendered and paid in September 2010. During the third quarter of fiscal 2011, the note holders tendered substantially all of the remaining notes for which $104,395,000 was paid in March 2011. The remaining $400,000 that was not tendered were included in “other long-term debt” in the preceeding table.

Aggregate debt maturities for fiscal 2012 through 2016 and thereafter are as follows (in thousands):


2012	$	243,079
2013		124,545
2014		301,646
2015		321
2016		250,000
Thereafter		600,000

Subtotal		1,519,591
Discount on notes		(3,003	)

Total debt	$	1,516,588

At July 2, 2011, the carrying value and fair value of the Company’s debt was $1,516,588,000 and $1,626,394,000, respectively. Fair value was estimated primarily based upon quoted market prices.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Accrued expenses and other

12 Months Ended

Jul. 02, 2011

Accrued expenses and other [Abstract]

Accrued expenses and other

8. Accrued expenses and other

Accrued expenses and other consist of the following:


	July 2,		July 3,
	2011		2010
	(Thousands)
Payroll, commissions and related accruals	$	320,958	$	212,830
Income taxes (Note 9)		72,495		100,422
Other ⁽¹⁾		279,563		227,524

	$	673,016	$	540,776


⁽¹⁾		Includes restructuring reserves recorded through purchase accounting and through “restructuring, integration and other charges” (see Notes 2 and 17). Amounts presented in this caption were individually not significant.

Income Taxes

12 Months Ended

Jul. 02, 2011

Income Taxes [Abstract]

Income taxes

9. Income taxes

The components of the provision for income taxes are indicated in the table below. The tax provision for deferred income taxes results from temporary differences arising principally from inventory valuation, accounts receivable valuation, net operating losses, certain accruals and depreciation, net of any changes to the valuation allowance.


	Years Ended
	July 2,			July 3,		June 27,
	2011			2010		2009
	(Thousands)
Current:
Federal	$	64,476		$	61,892	$	69,835
State and local		11,724			9,789		7,689
Foreign		109,731			56,608		50,007

Total current taxes		185,931			128,289		127,531

Deferred:
Federal		41,029			24,251		(55,743	)
State and local		5,273			1,290		(5,250	)
Foreign		(30,336	)		20,883		(31,794	)

Total deferred taxes		15,966			46,424		(92,787	)

Provision for income taxes	$	201,897		$	174,713	$	34,744

The provision for income taxes noted above is computed based upon the split of income (loss) before income taxes from U.S. and foreign operations. U.S. income (loss) before income taxes was $273,287,000, $241,029,000 and ($733,915,000) and foreign income (loss) before income taxes was $597,679,000, $344,054,000 and ($361,053,000) in fiscal 2011, 2010 and 2009, respectively.

A reconciliation between the federal statutory tax rate and the effective tax rate is as follows:


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
Federal statutory rate		35.0	%		35.0	%		(35.0	)%
State and local income taxes, net of federal benefit		1.5			1.2			0.3
Foreign tax rates, net of valuation allowances		(5.3	)		(6.6	)		(2.0	)
Release of valuation allowance, net of U.S. tax expense (as discussed below)		(7.4	)		—			—
Change in contingency reserves		1.4			2.6			1.1
Tax audit settlements		(0.4	)		(1.6	)		(2.9	)
Impairment charges		—			—			41.9
Other, net		(1.6	)		(0.7	)		(0.2	)

Effective tax rate		23.2	%		29.9	%		3.2	%

Foreign tax rates generally consist of the impact of the difference between foreign and federal statutory rates applied to foreign income (losses) and also include the impact of valuation allowances against the Company’s otherwise realizable foreign loss carry-forwards.

Avnet’s effective tax rate on income before income taxes was 23.2% in fiscal 2011 as compared with an effective tax rate of 29.9% in fiscal 2010. As compared to fiscal 2010, the fiscal 2011 effective tax rate was primarily impacted by a net tax benefit related to the release of a tax valuation allowance (reserve) on certain deferred tax assets which were determined to be realizable (discussed further below) and, to a lesser extent, net favorable tax audit settlements, partially offset by changes to existing tax positions. Excluding the benefit related to the release of the tax valuation allowance, the effective tax rate for fiscal 2011 would have been 30.6%.

During fiscal 2011, the Company had a full tax valuation allowance against significant tax assets related to a legal entity in EMEA due to, among several other factors, a history of losses in that entity. Recently, the entity has been experiencing improved earnings which has required the partial release of the valuation allowance to the extent the entity had taxable income during each of the first three quarters of fiscal 2011. Therefore, the release of valuation allowance, net of the U.S. tax expense, positively impacted the Company’s effective tax rate. In addition, during the fourth quarter of fiscal 2011, the Company determined a portion of the tax valuation allowance for this legal entity was no longer required due to the expected continuation of improved earnings in the future and, as a result, the Company’s effective tax rate was positively impacted (decreased) upon the release of the tax valuation allowance, net of the U.S. tax expense. The Company will continue to evaluate the need for a valuation allowance against these tax assets and may release additional valuation allowance associated with this entity in the future. Factors that are considered in such an evaluation include historic levels of income, expectations and risk associated with estimates of future taxable income and ongoing prudent and feasible tax planning strategies.

Avnet’s effective tax rate on income before income taxes was 29.9% in fiscal 2010 as compared with an effective tax rate of 3.2% in fiscal 2009. The fiscal 2009 effective tax rate was impacted by non-deductible impairment charges and a change to estimates for existing tax positions, net of favorable tax audit settlements of $21,672,000. Excluding the impact of these items, the effective tax rate for fiscal 2009 would have been 28.6%.

The significant components of deferred tax assets and liabilities, included primarily in “other assets” on the consolidated balance sheets, are as follows:


	July 2,			July 3,
	2011			2010
	(Thousands)
Deferred tax assets:
Inventory valuation	$	13,680		$	8,276
Accounts receivable valuation		27,916			24,264
Federal, state and foreign tax loss carry-forwards		394,093			361,988
Various accrued liabilities and other		57,686			101,254

		493,375			495,782
Less — valuation allowance		(310,772	)		(331,423	)

		182,603			164,359

Deferred tax liabilities:
Depreciation and amortization of property, plant and equipment		(43,302	)		(23,177	)

Net deferred tax assets	$	139,301		$	141,182

The change in the valuation allowance from fiscal 2010 to fiscal 2011 was a combination of (i) a reduction of $76,055,000 primarily due to the previously mentioned release of valuation allowance in EMEA, of which $64,215,000 impacted the effective tax rate and $11,840,000 did not impact the effective tax rate because deferred income taxes and income tax payables associated with the release of the valuation allowance were recorded which offset a portion of the benefit as a result of the release and (ii) an increase of $55,404,000 related primarily to the translation impact of foreign currency exchange rates and acquired valuation allowances.

As of July 2, 2011, the Company had foreign net operating loss carry-forwards of approximately $1,333,787,000, of which $37,065,000 will expire during fiscal 2012 and 2013, substantially all of which have full valuation allowances, $289,220,000 have expiration dates ranging from fiscal 2014 to 2031 and the remaining $1,007,502,000 have no expiration date. The carrying value of the Company’s net operating loss carry-forwards is dependent upon the Company’s ability to generate sufficient future taxable income in certain tax jurisdictions. In addition, the Company considers historic levels of income, expectations and risk associated with estimates of future taxable income and on-going prudent and feasible tax planning strategies in assessing a tax valuation allowance.

Accruals for income tax contingencies (or accruals for unrecognized tax benefits) are included in “accrued expenses and other” and “other long term liabilities” on the consolidated balance sheet. These contingency reserves relate to various tax matters that result from uncertainties in the application of complex income tax regulations in the numerous jurisdictions in which the Company operates. The change to contingency reserves during fiscal 2011 is primarily due to the addition of acquired reserves as a result of fiscal 2011 acquisitions and favorable non-cash audit settlements both of which are included in the “additions/reductions for tax positions taken in prior periods” captions in the following table. The change to contingency reserves during fiscal 2010 is primarily due to the recognition of uncertainties in current year tax positions. In addition, the change to reserves in fiscal 2010 was also impacted by a change to estimates for existing tax positions and favorable non-cash audit settlements, both of which are included in the “additions/reductions for tax positions taken in prior periods” captions in the following table. As of July 2, 2011, unrecognized tax benefits were $175,151,000, of which approximately $111,299,000, if recognized, would favorably impact the effective tax rate and the remaining balance would be substantially offset by valuation allowances. As of July 3, 2010, unrecognized tax benefits were $132,828,000, of which approximately $88,811,000, if recognized, would favorably impact the effective tax rate, and the remaining balance would be substantially offset by valuation allowances. In accordance with the Company’s accounting policy, accrued interest and penalties, if any, related to unrecognized tax benefits are recorded as a component of income tax expense. The accrual for unrecognized tax benefits included accrued interest expense and penalties of $24,640,000 and $18,308,000, net of applicable state tax benefit, as of the end of fiscal 2011 and 2010, respectively.

A reconciliation of the beginning and ending accrual balance for unrecognized tax benefits is as follows:


	July 2, 2011			July 3, 2010
	(Thousands)
Balance at beginning of year	$	132,828		$	135,891
Additions for tax positions taken in prior periods, including interest		40,218			32,723
Reductions for tax positions taken in prior periods, including interest		(16,837	)		(33,168	)
Additions for tax positions taken in current period		11,041			4,970
Reductions related to cash settlements with taxing authorities		(616	)		(96	)
Reductions related to the lapse of statute of limitations		(1,565	)		(2,006	)
Additions (reductions) related to foreign currency translation		10,082			(5,486	)

Balance at end of year	$	175,151		$	132,828

The evaluation of income tax positions requires management to estimate the ability of the Company to sustain its position and estimate the final benefit to the Company. To the extent that these estimates do not reflect the actual outcome there could be an impact on the consolidated financial statements in the period in which the position is settled, the statute of limitations expire or new information becomes available as the impact of these events are recognized in the period in which they occur. It is difficult to estimate the period in which the amount of a tax position will change as settlement may include administrative and legal proceedings whose timing the Company cannot control. The effects of settling tax positions with tax authorities and statute expirations may significantly impact the accrual for income tax contingencies. Within the next twelve months, management estimates that approximately $23,000,000 of tax contingencies will be settled primarily through agreement with the tax authorities for tax positions related to valuation matters; such matters are common to multinational companies. The expected cash payment related to the settlement of these contingencies is not significant.

The Company conducts business globally and consequently files income tax returns in numerous jurisdictions including those listed in the following table. It is also routinely subject to audit in these and other countries. The Company is no longer subject to audit in its major jurisdictions for periods prior to fiscal year 1999. The open years, by major jurisdiction, are as follows:


Jurisdiction	Fiscal Year
Belgium		1999 – 2011
United States (federal and state) and Singapore		2004 – 2011
Hong Kong		2005 – 2011
Germany and Taiwan		2006 – 2011
United Kingdom		2007 – 2011
Netherlands		2008 – 2011

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Pension and retirement plans

12 Months Ended

Jul. 02, 2011

Pension and retirement plans [Abstract]

Pension and retirement plans

10. Pension and retirement plans

Pension Plan

The Company’s noncontributory defined benefit pension plan (the “Plan”) covers substantially all domestic employees. Employees are eligible to participate in the Plan following the first year of service during which they worked at least 1,000 hours. The Plan provides defined benefits pursuant to a cash balance feature whereby a participant accumulates a benefit based upon a percentage of current salary, which varies with age, and interest credits. The Company uses June 30 as the measurement date for determining pension expense and benefit obligations for each fiscal year. Not included in the tabulations and discussions that follow are pension plans of certain non-U.S. subsidiaries, which are not material.

The following tables outline changes in benefit obligations, plan assets and the funded status of the Plan as of the end of fiscal 2011 and 2010:


	July 2,			July 3,
	2011			2010
	(Thousands)
Changes in benefit obligations:
Benefit obligations at beginning of year	$	276,938		$	263,324
Service cost		23,874			—
Interest cost		13,918			15,748
Plan amendments		—			34,000
Actuarial loss		5,168			19,591
Benefits paid		(22,371	)		(55,725	)

Benefit obligations at end of year	$	297,527		$	276,938

Change in plan assets:
Fair value of plan assets at beginning of year	$	278,964		$	258,931
Actual return on plan assets		67,659			34,008
Benefits paid		(22,371	)		(55,725	)
Contributions		500			41,750

Fair value of plan assets at end of year	$	324,752		$	278,964


Funded status of the plan recognized as a non-current asset	$	27,225		$	2,026


Amounts recognized in accumulated other comprehensive income:
Unrecognized net actuarial loss	$	147,311		$	191,180
Unamortized prior service credit		(14,431	)		(16,306	)

	$	132,880		$	174,874


Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net actuarial (gain) loss	$	(34,931	)	$	15,720
Prior service cost		—			34,000
Amortization of net actuarial loss		(8,938	)		(5,687	)
Amortization of prior service credit		1,875			4,884

	$	(41,994	)	$	48,917

The Plan was amended effective July 1, 2010 to resume future accruals for compensation paid by the Company on or after July 1, 2010. The pension accrual formula was similar in structure to the formula that was frozen as of July 1, 2009. The Plan changes effected by this amendment were as follows:

•

an age-related contribution crediting schedule ranging from 4% to 16% of pension-eligible compensation

•

interest credits on post-July 1, 2010 pension accruals of 4% per year

•

inclusion of overtime pay in pension-eligible compensation

•

increase of the cap on pension-eligible compensation from $100,000 to the statutory limit

•

change in the actuarial factor basis used to convert account balances to annuity payment forms.

In October 2009, the Company agreed to settle a pension litigation matter, which was approved by the court in April 2010. As a result, the Plan was amended to increase benefits to certain former employees. This amendment, effective May 21, 2010, increased the benefit obligation by $34,000,000 and results in a prior service cost base which will be amortized over 11 years. To fund this additional liability, the Company made a voluntary contribution of $34,000,000 in June 2010. The impacts of the amendment described above are reflected in the preceding table.

Included in “accumulated other comprehensive income” at July 2, 2011 is a pre-tax charge of $147,311,000 of net actuarial losses which have not yet been recognized in net periodic pension cost, of which $9,680,000 is expected to be recognized as a component of net periodic benefit cost during fiscal 2012. Also included is a pre-tax credit of $14,431,000 of prior service credit which has not yet been recognized in net periodic pension costs, of which $1,875,000 is expected to be recognized as a component of net periodic benefit costs during fiscal 2012.

Weighted average assumptions used to calculate actuarial present values of benefit obligations are as follows:


	2011			2010
Discount rate		5.25	%		5.25	%

Weighted average assumptions used to determine net benefit costs are as follows:


	2011			2010
Discount rate		5.25	%		6.25	%
Expected return on plan assets		8.50	%		9.00	%

The Company bases its discount rate on a hypothetical portfolio of bonds rated Aa by Moody’s Investor Services or AA by Standard & Poors. The bonds selected for this determination are based upon the estimated amount and timing of services of the pension plan.

Components of net periodic pension costs during the last three fiscal years are as follows:


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
	(Thousands)
Service cost	$	23,874		$	—		$	16,205
Interest cost		13,918			15,748			18,175
Expected return on plan assets		(27,560	)		(30,137	)		(26,539	)
Recognized net actuarial loss		8,938			5,687			2,325
Amortization of prior service credit		(1,875	)		(4,884	)		—

Net periodic pension cost	$	17,295		$	(13,586	)	$	10,166

The Company made contributions of $500,000 and $41,750,000 in fiscal 2011 and 2010, respectively.

Benefit payments are expected to be paid to participants as follows for the next five fiscal years and the aggregate for the five years thereafter (in thousands):


2012	$	26,463
2013		20,405
2014		20,619
2015		19,258
2016		20,625
2016 through 2021		112,041

The Plan’s assets are held in trust and were allocated as follows as of the June 30 measurement date for fiscal 2011 and 2010:


	2011			2010
Equity securities		76	%		74	%
Debt securities		24			25
Cash and receivables		—			1

The general investment objectives of the Plan are to maximize returns through a diversified investment portfolio in order to earn annualized returns that meet the long-term cost of funding the Plan’s pension obligations while maintaining reasonable and prudent levels of risk. The target rate of return on Plan assets is currently 8.5%, which represents the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the benefit obligation. This assumption has been determined by combining expectations regarding future rates of return for the investment portfolio along with the historical and expected distribution of investments by asset class and the historical rates of return for each of those asset classes. The mix of equity securities is typically diversified to obtain a blend of domestic and international investments covering multiple industries. The Plan assets do not include any material investments in Avnet common stock. The Plan’s investments in debt securities are also diversified across both public and private fixed income securities. The Company’s current target allocation for the investment portfolio is for equity securities, both domestic and international, to represent approximately 76% of the portfolio with a policy for minimum investment in equity securities of 60% of the portfolio and a maximum of 92%. The majority of the remaining portfolio of investments is to be invested in fixed income securities.

As of June 30, 2011, the market value of plan assets by investment category was: U.S. Equity ($194.3 million); U.S. Bonds ($76.5 million); International Equity ($51.9 million) and cash and receivables ($2.0 million). Asset values are Level 1 for all asset categories as the fair values are based upon quoted market prices for identical assets. The pension assets were highly diversified to reduce the potential risk of significant concentrations of credit risk.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

+ Details

Long-term leases

12 Months Ended

Jul. 02, 2011

Long-term leases [Abstract]

Long-term leases

11. Long-term leases

The Company leases many of its operating facilities and is also committed under lease agreements for transportation and operating equipment. Rent expense charged to operations during the last three years is as follows:


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Thousands)
Buildings	$	78,371	$	59,047	$	58,213
Equipment		8,332		5,440		6,169

	$	86,703	$	64,487	$	64,382

The aggregate future minimum operating lease commitments, principally for buildings, in fiscal 2012 through 2016 and thereafter (through 2028), are as follows (in thousands):


2012	$	92,376
2013		73,517
2014		46,800
2015		28,933
2016		20,560
Thereafter		42,421

Total	$	304,607

The preceding table includes operating lease commitments that have been reserved for as part of the Company’s restructuring activities (see Note 17).

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References + Details

Stock Based Compensation Plans

12 Months Ended

Jul. 02, 2011

Stock Based Compensation Plans [Abstract]

Stock-based compensation plans

12. Stock-based compensation plans

The Company measures all share-based payments, including grants of employee stock options, at fair value and recognizes related expense in the consolidated statement of operations over the service period (generally the vesting period). During fiscal 2011, 2010, 2009, the Company expensed $28,931,000, $28,363,000 and $18,269,000, respectively, for all stock-based compensation awards.

In August 2011, the Board of Directors approved the repurchase of up to an aggregate of $500 million of shares of the Company’s common stock through a share repurchase program.

Stock plan

The Company currently has one stock compensation plan pursuant to which it can issue new awards. The 2010 Stock Compensation Plan (“2010 Plan”) was approved by the shareholders in fiscal 2011. The 2010 Plan has a termination date of November 4, 2020 and 6,694,816 shares were available for grant at July 2, 2011. At July 2, 2011, the Company had 12,074,232 shares of common stock reserved for stock option and stock incentive programs.

Stock options

Option grants under the 2010 Plan have a contractual life of ten years, vest 25% on each anniversary of the grant date, commencing with the first anniversary, and provide for a minimum exercise price of 100% of fair market value at the date of grant. Compensation expense associated with stock options during fiscal 2011, 2010 and 2009 were $3,499,000, $3,558,000 and $4,245,000, respectively.

The fair value of options granted is estimated on the date of grant using the Black-Scholes model based on the assumptions in the following table. The assumption for the expected term is based on evaluations of historical and expected future employee exercise behavior. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected term at the grant date. The historical volatility of Avnet’s stock is used as the basis for the volatility assumption.


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
Expected term (years)		6.0			6.0			5.75
Risk-free interest rate		1.8	%		3.0	%		3.4	%
Weighted average volatility		33.7	%		34.3	%		30.7	%
Dividend yield		—			—			—

The following is a summary of the changes in outstanding options for fiscal 2011:


						Weighted
				Weighted		Average
				Average		Remaining
				Exercise		Contractual
	Shares			Price		Life
Outstanding at July 3, 2010		3,530,118		$	21.06	56 Months
Granted		382,612		$	24.41	109 Months
Exercised		(751,396	)	$	18.69	20 Months
Forfeited or expired		(102,119	)	$	29.35	18 Months

Outstanding at July 2, 2011		3,059,215		$	21.79	59 Months

Exercisable at July 2, 2011		2,139,921		$	19.99	42 Months

The weighted-average grant-date fair values of stock options granted during fiscal 2011, 2010, and 2009 were $8.72, $9.58 and $10.21, respectively. There were no intrinsic values of share options outstanding or exercisable at July 2, 2011 and July 3, 2010. The total intrinsic values of share options exercised during fiscal 2009 was $3,000.

The following is a summary of the changes in non-vested stock options for the fiscal year ended July 2, 2011:


				Weighted
				Average
				Grant-Date
	Shares			Fair Value
Non-vested stock options at July 3, 2010		881,556		$	10.40
Granted		382,612		$	8.72
Vested		(330,200	)	$	10.37
Forfeited		(14,674	)	$	11.67

Non-vested stock options at July 2, 2011		919,294		$	9.69

As of July 2, 2011, there was $8,910,000 of total unrecognized compensation cost related to non-vested stock options, which is expected to be recognized over a weighted-average period of 3.2 years. The total fair values of shares vested during fiscal 2011, 2010 and 2009 were $3,425,000, $3,293,000, $5,555,000, respectively.

Cash received from option exercises during fiscal 2011, 2010 and 2009 totaled $3,506,000, $4,134,000, and $563,000, respectively. The impact of these cash receipts is included in “Other, net” in financing activities in the accompanying consolidated statements of cash flows.

Incentive shares

Delivery of incentive shares, and the associated compensation expense, is spread equally over a five-year period and is subject to the employee’s continued employment by the Company. As of July 2, 2011, 1,414,784 shares previously awarded have not yet been delivered. Compensation expense associated with this program was $17,008,000, $14,614,000 and $14,883,000 for fiscal years 2011, 2010 and 2009, respectively.

The following is a summary of the changes in non-vested incentive shares for the fiscal year ended July 2, 2011:


				Weighted
				Average
				Grant-Date
	Shares			Fair Value
Non-vested incentive shares at July 3, 2010		1,258,054		$	26.57
Granted		817,965		$	25.40
Vested		(623,333	)	$	25.53
Forfeited		(37,902	)	$	26.24

Non-vested incentive shares at July 2, 2011		1,414,784		$	26.47

As of July 2, 2011, there was $33,961,000 of total unrecognized compensation cost related to non-vested incentive shares, which is expected to be recognized over a weighted-average period of 2.7 years. The total fair values of shares vested during fiscal 2011, 2010 and 2009 were $15,916,000, $14,301,000, $12,588,000, respectively.

Performance shares

Eligible employees, including Avnet’s executive officers, may receive a portion of their long-term equity-based incentive compensation through the performance share program, which allows for the award of shares of stock against performance-based criteria (“Performance Share Program”). The Performance Share Program provides for the issuance to each grantee of a number of shares of Avnet’s common stock at the end of a three-year period based upon the Company’s achievement of performance goals established by the Compensation Committee of the Board of Directors for each three-year period. For the Performance Share Program granted in fiscal 2009, the performance goals were initially based upon a three-year cumulative increase in the Company’s absolute economic profit, as defined, over the prior three-year period and the increase in the Company’s economic profit relative to the increase in the economic profit of a group of specific technology companies. During fiscal 2010, these performance goals were modified to eliminate the absolute economic profit goal; in addition, the fiscal 2009 program was modified to limit the percentage of performance stock units vesting to a maximum of 100%.

For the Performance Share Program granted in fiscal 2011 and 2010, the performance goals are based upon a three-year cumulative increase in the Company’s economic profit relative to the increase in the economic profit of a group of specific technology companies.

During fiscal 2011, 2010 and 2009, the Company granted 380,200, 242,390 and 246,650 performance shares, respectively, to be awarded to participants in the Performance Share Program, of which 22,530 cumulatively have been forfeited. For the Performance Share Program granted in fiscal 2011 and 2010, the actual amount of performance shares issued at the end of the three-year period is determined based upon the level of achievement of the defined performance goals and can range from 0% to 200% of the initial award. As previously mentioned, the Performance Share Program granted in fiscal 2009 was limited to 100% of the initial award. The Company anticipates issuing 227,285 shares in the first quarter of fiscal 2012 based upon the goals achieved during the three-year performance period which ended July 2, 2011. During fiscal 2011 and 2010, the Company recognized compensation expense associated with the Performance Share Programs of $7,374,000 and $9,171,000, respectively. During fiscal 2009, the Company recorded a credit of $1,819,000 in selling, general and administrative expenses associated with the Performance Share Programs based upon actual performance under the 2007 Performance Share Program and based upon the probability assessment of the remaining plans.

Outside director equity compensation

Non-employee directors are awarded shares equal to a fixed dollar amount of Avnet common stock upon their re-election each year, as part of their director compensation package. Directors may elect to receive this compensation in the form of common stock or they may elect to defer their compensation to be paid in common stock at a later date. During fiscal 2011, 2010 and 2009, compensation cost associated with the outside director stock bonus plan was $1,050,000, $1,020,000, $960,000, respectively.

Employee stock purchase plan

The Company has an Employee Stock Purchase Plan (“ESPP”) under the terms of which eligible employees of the Company are offered options to purchase shares of Avnet common stock at a price equal to 95% of the fair market value on the last day of each monthly offering period. Based on the terms of the ESPP, Avnet is not required to record expense in the consolidated statements of operations related to the ESPP.

The Company has a policy of repurchasing shares on the open market to satisfy shares purchased under the ESPP, and expects future repurchases during fiscal 2012 to be similar to the number of shares repurchased during fiscal 2011, based on current estimates of participation in the program. During fiscal 2011, 2010 and 2009, there were 62,329, 67,168 and 100,206 shares, respectively, of common stock issued under the ESPP program.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

+ Details

Commitments and contingencies	12 Months Ended
Commitments and contingencies	Jul. 02, 2011
Commitments and contingencies [Abstract]
Commitments and contingencies	13. Commitments and contingencies From time to time, the Company may become a party to, or otherwise involved in other pending and threatened litigation, tax, environmental and other matters arising in the ordinary course of conducting its business. Management does not anticipate that any contingent matters will have a material adverse effect on the Company’s financial condition, liquidity or results of operations.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

Earnings per share

12 Months Ended

Jul. 02, 2011

Earnings per share [Abstract]

Earnings per share

14. Earnings per share

Basic earnings per share is computed based on the weighted average number of common shares outstanding and excludes any potential dilution. Diluted earnings per share reflect potential dilution from the exercise or conversion of securities into common stock.


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Thousands, except per share data)
Numerator:
Net income (loss) for basic and diluted earnings per share	$	669,069	$	410,370	$	(1,129,712	)


Denominator:
Weighted average common shares for basic earnings (loss) per share		152,481		151,629		150,898
Net effect of dilutive stock options and performance share awards		1,856		1,464		—

Weighted average common shares for diluted earnings per share		154,337		153,093		150,898


Basic earnings (loss) per share	$	4.39	$	2.71	$	(7.49	)

Diluted earnings (loss) per share	$	4.34	$	2.68	$	(7.49	)

Options to purchase 238,000 and 700,000 shares of the Company’s stock were excluded from the calculations of diluted earnings per shares in fiscal 2011 and 2010, respectively, because the exercise price for those options was above the average market price of the Company’s stock during those periods. Inclusion of these options in the diluted earnings per share calculation would have had an anti-dilutive effect.

For fiscal 2009, dilutive effects of stock options, stock awards and shares issuable upon conversion of the Company’s 2% Convertible Debentures were excluded from the computation of earnings per diluted share because the Company recognized a net loss and inclusion of these items would have had an anti-dilutive effect. The Convertible Debentures were repaid in March 2009.

Additional cash flow information

12 Months Ended

Jul. 02, 2011

Additional cash flow information [Abstract]

Additional cash flow information

15. Additional cash flow information

Other non-cash and reconciling items consist of the following:


	Years Ended
	July 2,		July 3,			June 27,
	2011		2010			2009
	(Thousands)
Provision for doubtful accounts	$	39,255	$	33,825		$	32,777
Periodic pension (income) costs (Note 10)		17,295		(13,586	)		10,166
Other, net		296		(4,854	)		(4,529	)

Total	$	56,846	$	15,385		$	38,414

Interest and income taxes paid during the last three years were as follows:


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Thousands)
Interest	$	91,946	$	60,556	$	66,895
Income taxes	$	158,372	$	92,565	$	126,010

Non-cash activity during fiscal 2011 included amounts recorded through comprehensive income and, therefore, are not included in the consolidated statement of cash flows. Fiscal 2011 included an adjustment to pension liabilities (including non-U.S. pension liabilities) of $31,987,000 which was recorded net of related deferred tax benefit of $12,022,000 in other comprehensive income (see Notes 4 and 10). Other non-cash activities included assumed debt of $420,259,000 and assumed liabilities of $509,812,000 as a result of the acquisitions completed in fiscal 2011 (see Note 2).

Non-cash activity during fiscal 2010 included amounts recorded through comprehensive income and, therefore, are not included in the consolidated statement of cash flows. Fiscal 2010 included an adjustment to increase pension liabilities (including non-U.S. pension liabilities) of $50,502,000 which was recorded net of related deferred tax benefit of $19,287,000 in other comprehensive income (see Notes 4 and 10). Other non-cash activities included assumed debt of $5,858,000 and assumed liabilities of $35,913,000 as a result of the acquisitions completed in fiscal 2010 (see Note 2).

Non-cash activity during fiscal 2009 included amounts recorded through comprehensive income and, therefore, are not included in the consolidated statement of cash flows. Fiscal 2009 included an adjustment to increase pension liabilities (including non-U.S. pension liabilities) of $42,948,000 which was recorded net of related deferred tax benefit of $16,767,000 in other comprehensive income (see Notes 4 and 10). Other non-cash activities included assumed debt of $146,831,000 and assumed liabilities of $261,434,000 as a result of the acquisitions completed in fiscal 2009 (see Note 2).

Segment information

12 Months Ended

Jul. 02, 2011

Segment information [Abstract]

Segment information

16. Segment information

Electronics Marketing and Technology Solutions are the overall segments upon which management primarily evaluates the operations of the Company and upon which management bases its operating decisions. Therefore, the segment data that follows reflects these two segments.

EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products. EM markets and sells its products and services to a diverse customer base serving many end-markets including automotive, communications, computer hardware and peripheral, industrial and manufacturing, medical equipment, military and aerospace. EM also offers an array of value-added services that help customers evaluate, design-in and procure electronic components throughout the lifecycle of their technology products and systems, including supply-chain management, engineering design, inventory replenishment systems, connector and cable assembly and semiconductor programming.

TS markets and sells mid- to high-end servers, data storage, software, and the services required to implement these products and solutions to the value-added reseller channel. TS also focuses on the worldwide original equipment manufacturers (“OEM”) market for computing technology, system integrators and non-PC OEMs that require embedded systems and solutions including engineering, product prototyping, integration and other value-added services.


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
	(Millions)
Sales:
Electronics Marketing	$	15,066.2		$	10,966.8		$	9,192.8
Technology Solutions		11,468.2			8,193.4			7,037.1

	$	26,534.4		$	19,160.2		$	16,229.9

Operating income (loss):
Electronics Marketing	$	832.5		$	491.6		$	354.5
Technology Solutions		286.7			251.7			201.4
Corporate		(112.0	)		(82.3	)		(64.5	)

		1,007.2			661.0			491.4
Impairment charges (Note 6)		—			—			(1,411.1	)
Restructuring, integration and other charges (Note 17)		(77.2	)		(25.4	)		(99.3	)

	$	930.0		$	635.6		$	(1,019.0	)

Assets:
Electronics Marketing	$	5,890.9		$	4,441.8		$	3,783.4
Technology Solutions		3,765.2			2,553.8			2,036.8
Corporate		249.5			786.8			453.3

	$	9,905.6		$	7,782.4		$	6,273.5

Capital expenditures:
Electronics Marketing	$	69.8		$	30.1		$	61.1
Technology Solutions		57.4			17.2			38.5
Corporate		21.5			19.6			10.6

	$	148.7		$	66.9		$	110.2

Depreciation & amortization expense:
Electronics Marketing	$	28.3		$	24.6		$	26.8
Technology Solutions		30.0			15.7			18.3
Corporate		23.1			20.3			20.7

	$	81.4		$	60.6		$	65.8

Sales, by geographic area, are as follows:
Americas ⁽¹⁾	$	11,518.5		$	8,367.3		$	7,572.2
EMEA ⁽²⁾		8,393.4			5,948.3			5,268.4
Asia/Pacific ⁽³⁾		6,622.5			4,844.6			3,389.3

	$	26,534.4		$	19,160.2		$	16,229.9

Property, plant and equipment, net, by geographic area:
Americas ⁽⁴⁾	$	242.5		$	182.2		$	183.9
EMEA ⁽⁵⁾		150.6			98.5			101.3
Asia/Pacific		26.1			21.9			20.5

	$	419.2		$	302.6		$	305.7


⁽¹⁾		Includes sales in the United States of $10.0 billion, $7.6 billion and $6.8 billion for fiscal year 2011, 2010 and 2009, respectively.

⁽²⁾		Includes sales in Germany and the United Kingdom of $3.1 billion and $1.7 billion, respectively, for fiscal 2011. Includes sales in Germany and the United Kingdom of $2.1 billion and $1.1 billion, respectively, for fiscal 2010. Includes sales in Germany and the United Kingdom of $1.8 billion and $1.0 billion, respectively, for fiscal 2009.

⁽³⁾		Includes sales of $1.8 billion, $2.4 billion and $1.2 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2011. Includes sales of $1.3 billion, $2.0 billion and $1.0 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2010. Includes sales of $966.9 million, $1.3 billion and $752.9 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2009.

⁽⁴⁾		Includes property, plant and equipment, net, of $231.3 million, $178.2 million and $179.6 million in the United States for fiscal 2011, 2010 and 2009, respectively.

⁽⁵⁾		Includes property, plant and equipment, net of $92.8 million, $23.4 million, and $16.4 million in Germany, Belgium and the United Kingdom, respectively, for fiscal 2011. Fiscal 2010 includes property, plant and equipment, net, of $48.0 million in Germany, $20.4 million in Belgium and $13.4 million in the United Kingdom. Fiscal 2009 includes property, plant and equipment, net, of $41.4 million in Germany, $24.2 million, in Belgium and $26.8 million in the United Kingdom.

The Company manages its business based upon the operating results of its two operating groups before impairment charges (see Note 6) and restructuring, integration and other charges (see Note 17). In fiscal 2011, 2010 and 2009, presented above, the unallocated pre-tax impairment charges and restructuring, integration and other items related to EM and TS, respectively, were $27,879,000 and $38,146,000 in fiscal 2011, $14,701,000 and $10,579,000 in fiscal 2010 and $1,116,335,000 and $389,561,000 in fiscal 2009, respectively. The remaining restructuring, integration and other items in each year relate to corporate activities.

Listed in the table below are the major product categories and the Company’s approximate sales of each during the past three fiscal years:


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Millions)
Semiconductors	$	14,149.3	$	10,098.7	$	8,324.0
Computer products		10,284.6		7,302.8		6,393.4
Connectors		1,041.4		841.4		735.2
Passives, electromechanical and other		1,059.1		917.3		777.3

	$	26,534.4	$	19,160.2	$	16,229.9

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 26
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

+ Details

Restructuring, integration and other charges

12 Months Ended

Jul. 02, 2011

Restructuring, integration and other charges [Abstract]

Restructuring, integration and other charges

17. Restructuring, integration and other charges

Fiscal 2011

During fiscal 2011, the Company incurred charges related primarily to the acquisition and integration activities associated with acquired businesses (see Note 2) and also recorded credits related to prior restructuring reserves and acquisition adjustments.


	Year Ended
	July 2, 2011
	(Thousands)
Restructuring charges	$	47,763
Integration costs		25,068
Acquisition costs		15,597
Reversal of excess prior year restructuring reserves		(6,076	)
Prior year acquisition adjustments		(5,176	)

Pre-tax restructuring, integration and other charges	$	77,176

After tax restructuring, integration and other charges	$	56,169

Restructuring, integration and other charges per share on a diluted basis	$	0.36

The activity related to the restructuring reserves established during fiscal 2011 is presented in the following table:


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Fiscal 2011 pre-tax charges	$	28,584		$	17,331		$	1,848		$	47,673
Cash payments		(19,142	)		(5,651	)		(787	)		(25,580	)
Non-cash write downs		—			(3,278	)		(51	)		(3,329	)
Adjustments		(293	)		(349	)		(223	)		(865	)
Other, principally foreign currency translation		654			241			251			1,146

Balance at July 2, 2011	$	9,803		$	8,294		$	1,038		$	19,135

Severance charges recorded in fiscal 2011 related to personnel reductions of over 550 employees in administrative, finance and sales functions primarily in connection with the integration of the acquired Bell business into the existing EM Americas, TS Americas and TS EMEA regions and, to a lesser extent, other cost reduction actions. Facility exit costs consisted of lease liabilities, fixed asset write-downs and other related charges associated with 50 vacated facilities: 23 in the Americas, 25 in EMEA and two in the Asia/Pac region. As of July 2, 2011, management expects the majority of the remaining severance reserves to be utilized by the end of fiscal 2012 and the remaining facility exit cost reserves to be utilized by the end of fiscal 2014.

Integration costs included professional fees associated with legal and IT consulting, facility moving costs, travel, meeting, marketing and communication costs that were incrementally incurred as a result of the integration efforts of acquired businesses. Also included in integration costs are incremental salary and employee benefit costs, primarily of the acquired businesses’ personnel who were retained by Avnet for extended periods following the close of the acquisitions solely to assist in the integration of the acquired business’ IT systems, and administrative and logistics operations into those of Avnet. These identified personnel have no other meaningful day-to-day operational responsibilities outside of the integration effort.

Acquisition costs incurred during fiscal 2011 related primarily to professional fees for advisory and broker services, legal and accounting due diligence, and other legal costs associated with the acquisition.

During fiscal 2011, the Company recorded credits to restructuring, integration and other charges related to (i) the reversal of restructuring reserves established in prior years that were deemed to be no longer required, (ii) acquisition adjustments for which the purchase allocation period had closed and (iii) exit-related reserves originally established through goodwill in prior years that were deemed no longer required, which were credited to the consolidated statement of operations rather than to goodwill because the associated goodwill was impaired in fiscal 2009 (see Notes 2 and 6).

Fiscal 2010

During fiscal 2010, the Company recognized restructuring, integration and other charges related to remaining cost reduction actions announced in fiscal 2009 which were taken in response to market conditions as well as integration costs associated with acquired businesses in addition to a value-added tax exposure and acquisition-related costs partially offset by a credit related to prior restructuring reserves.


	Year Ended
	July 3, 2010
	(Thousands)
Restructuring charges	$	15,991
Integration costs		2,931
Value-added tax exposure		6,477
Other		3,261
Reversal of excess restructuring reserves recorded in prior periods		(3,241	)

Pre-tax restructuring, integration and other charges	$	25,419

After tax restructuring, integration and other charges	$	18,789

Restructuring, integration and other charges per share on a diluted basis	$	0.12

Restructuring charges incurred in fiscal 2010 consisted of severance, facility exit costs and other charges. Severance charges were related to personnel reductions of over 150 employees in administrative, finance and sales functions in connection with the cost reduction actions in all three regions. Facility exit costs consisted of lease liabilities and fixed asset write-downs associated with seven vacated facilities in the Americas, one in EMEA and four in the Asia/Pac region. Other charges consisted primarily of contractual obligations with no on-going benefit to the Company.

During fiscal 2010, the Company incurred integration costs for professional fees, facility moving costs and travel, meeting, marketing and communication costs that were incrementally incurred as a result of the integration efforts of previously acquired businesses.

Also during fiscal 2010, the Company recognized a charge for a value-added tax exposure in Europe related to an audit of prior years and other charges related primarily to acquisition-related costs which would have been capitalized under prior accounting rules. In addition, the Company recognized a credit to reverse restructuring reserves which were determined to be no longer necessary.

The fiscal 2011 activity related to the restructuring charges is presented in the following table:


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Balance at July 3, 2010	$	539		$	1,405		$	1,836		$	3,780
Cash payments		(400	)		(279	)		(443	)		(1,122	)
Adjustments		(144	)		(903	)		421			(626	)
Other, principally foreign currency translation		22			9			152			183

Balance at July 2, 2011	$	17		$	232		$	1,966		$	2,215

As of July 2, 2011, management expects the majority of the remaining severance and other reserves to be utilized by the end of fiscal 2012 and the remaining facility exit cost reserves to be utilized by the end of fiscal 2013.

Fiscal 2009

In response to the decline in sales and gross profit margin due to weaker market conditions, the Company initiated significant cost reduction actions during fiscal 2009 in order to realign its expense structure with market conditions. As a result, the Company incurred restructuring, integration and other charges during fiscal 2009 related to the cost reductions as well as integration costs associated with recently acquired businesses as presented in the following table.


	Year Ended
	June 27, 2009
	(Thousands)
Restructuring charges	$	84,976
Integration costs		11,160
Reversal of excess prior year restructuring reserves		(2,514	)
Prior year acquisition adjustments		(1,201	)
Loss on investment		3,091
Incremental amortization		3,830

Pre-tax restructuring, integration and other charges	$	99,342

After tax restructuring, integration and other charges	$	65,310

Restructuring, integration and other charges per share on a diluted basis	$	0.43

Restructuring charges included severance, facility exit costs and other charges. Severance charges related to personnel reductions of approximately 1,900 employees in administrative, finance and sales functions in connection with the cost reduction actions in all three regions of both operating groups with employee reductions of approximately 1,400 in EM, 400 in TS and the remaining from centralized support functions. Exit costs for vacated facilities related to 29 facilities in the Americas, 13 in EMEA and three in Asia/Pac. Other charges included fixed asset write-downs and contractual obligations with no on-going benefit to the Company. The Company also recorded a reversal for severance, lease and other reserves that were deemed excessive and was credited to restructuring, integration and other charges. Integration costs included professional fees, facility moving costs, travel, meeting, marketing and communication costs that were incrementally incurred as a result of the acquisition integration efforts. Other items recorded to restructuring, integration and other charges included a net credit related to acquisition adjustments for which the purchase allocation period had closed, a loss resulting from a decline in the market value of certain small investments that the Company liquidated, and incremental intangible asset amortization.

The following table presents the activity during fiscal 2011 related to restructuring reserves established as part of this plan:


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Balance at July 3, 2010	$	1,920		$	17,136		$	1,634		$	20,690
Cash payments		(1,432	)		(7,551	)		(414	)		(9,397	)
Adjustments		(319	)		(4,161	)		(1,703	)		(6,183	)
Other, principally foreign currency translation		130			175			483			788

Balance at July 2, 2011	$	299		$	5,599		$	—		$	5,898

As of July 2, 2011, management expects the majority of the remaining severance reserves to be utilized by the end of fiscal 2012 and the remaining facility exit cost reserves to be utilized by the end of fiscal 2015.

Fiscal 2008 and prior restructuring reserves

In fiscal 2008 and prior, the Company incurred restructuring charges under four separate restructuring plans of which two are remaining. As of July 2, 2011, the remaining reserves associated with these actions totaled $801,000 which are expected to be fully utilized by the end of fiscal 2012.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

Summary of quarterly results (unaudited)

12 Months Ended

Jul. 02, 2011

Summary of quarterly results [Abstract]

Summary of quarterly results

18. Summary of quarterly results (unaudited):


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year(a)
	(Millions, except per share amounts)
2011(b)
Sales	$	6,182.4	$	6,767.5	$	6,672.4	$	6,912.1	$	26,534.4
Gross profit		723.1		773.2		786.6		824.9		3,107.8
Net income		138.2		141.0		151.0		238.8		669.1
Diluted earnings per share		0.90		0.91		0.98		1.54		4.34
2010(c)
Sales	$	4,355.0	$	4,834.5	$	4,756.8	$	5,213.8	$	19,160.2
Gross profit		499.7		551.9		582.8		645.8		2,280.2
Net income		50.9		103.9		114.5		141.1		410.4
Diluted earnings per share		0.33		0.68		0.75		0.92		2.68


(a)		Quarters may not add to the year due to rounding.

(b)		First quarter of fiscal 2011 results were impacted by restructuring, integration and other charges which totaled $28.1 million pre-tax, $20.2 after tax and $0.13 per share on a diluted basis. Restructuring charges consisted of severance costs, facility exit costs and other charges resulting from acquisition related integration activities. Integration costs included professional fees and salary and benefit costs related primarily to the acquired businesses’ personnel retained by the Company for extended periods to assist with integrations. Other charges consisted of broker fees, professional fees for legal and accounting and due diligence, and other related costs associated with the Bell, Tallard and Unidux acquisitions. In addition, the Company recognized a gain on bargain purchase of $31.0 million pre- and after tax, and $0.20 per share on a diluted basis in connection with its Unidux acquisition. Second quarter results were impacted by restructuring, integration and other charges which totaled $29.1 million pre-tax, $20.8 million after tax and $0.14 per share on a diluted basis incurred primarily in connection with the acquisitions and integrations of acquired businesses. The Company also recorded a reversal of $3.5 million pre-tax primary related to the reversal of restructuring reserves established in prior years which were no longer needed. Third quarter of fiscal 2011 results were impacted by restructuring, integration and other charges which totaled $16.3 million pre-tax, $11.9 million after tax and $0.08 per share on a diluted basis incurred primarily in connection with the acquisitions and integrations of acquired businesses. In addition, the Company recognized a loss of $6.3 million pre-tax, $3.9 million after tax and $0.02 per share on a diluted basis related to the write down of investments in smaller technology start-up companies. Fourth quarter of fiscal 2011 results were impacted by restructuring, integration and other charges which totaled $7.3 million pre-tax, $5.8 million after tax and $0.04 per share on a diluted basis. The Company also reversed $3.6 million pre-tax, $2.5 million after tax and $0.02 per share on a diluted basis for restructuring and purchase accounting reserves determined not to be needed. In addition, fourth quarter results included a tax benefit of $52.7 million, or $0.34 per share on a diluted basis, primarily related to the release of a tax valuation allowance for which the tax asset was determined to be realizable.

(c)		First quarter of fiscal 2010 results were impacted by restructuring, integration and other charges which totaled $18.1 million pre-tax, $13.2 million after tax and $0.09 per share on a diluted basis. Restructuring charges consisted of severance costs, facility exit costs, and fixed asset write-downs related to previously announced cost reduction actions. The Company recognized a reversal of excess prior year restructuring reserves and also recognized integration costs associated with acquired businesses and other charges. In addition, the Company recognized a net increase in taxes of $3.1 million and $0.02 per share on a diluted basis related an adjustment for a prior year tax return and additional tax reserves, net of a benefit from a favorable income tax audit settlement. Second quarter results were impacted by a gain on the sale of assets of $5.5 million pre-tax, $3.4 million after tax and $0.02 per share on a diluted basis as a result of certain earn-out provisions associated with the earlier sale of the Company’s equity investment in Calence LLC. Third quarter of fiscal 2010 results were impacted by restructuring, integration and other charges of $7.3 million pre-tax, $5.6 million after tax and $0.04 per share on a diluted basis which included (i) $6.5 million pre-tax for a value-added tax exposure in Europe related to an audit of prior years, (ii) $2.1 million pre-tax related to acquisition-related costs, and (iii) a credit of $1.3 million pre-tax related to reversals of restructuring reserves no longer deemed necessary. In addition, third quarter results were impacted by a gain on the sale of assets of $3.2 million pre-tax, $1.9 million after tax and $0.01 per share on a diluted basis as a result of a final earn-out payment associated with the earlier sale of the Company’s equity investment in Calence LLC and were impacted by a net tax benefit of $2.3 million and $0.02 per share on a diluted basis related to adjustments for a prior year tax return and a benefit from a favorable income tax audit settlement partially offset by additional tax reserves for existing tax positions.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Valuation And Qualifying Accounts

12 Months Ended

Jul. 02, 2011

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

VALUATION AND QUALIFYING ACCOUNTS
Years Ended July 2, 2011, July 3, 2010 and June 27, 2009


Column A	Column B		Column C						Column D			Column E
			Additions
	Balance at		Charged to			Charged to						Balance at
	Beginning		Costs and			Other Accounts —			Deductions —			End of
Description	of Period		Expenses			Describe			Describe			Period
	(Thousands)
Fiscal 2011
Allowance for doubtful accounts	$	81,197	$	39,255		$	—		$	(12,713	)(a)	$	107,739
Valuation allowance on foreign tax loss carry-forwards (Note 9)		331,423		(76,055	)(b)		55,404	(c)		—			310,772
Fiscal 2010
Allowance for doubtful accounts		85,477		33,825			—			(38,105	)(a)		81,197
Valuation allowance on foreign tax loss carry-forwards (Note 9)		315,020		(1,338	)		17,741	(d)		—			331,423
Fiscal 2009
Allowance for doubtful accounts		76,690		32,777			2,841	(e)		(26,831	)(a)		85,477
Valuation allowance on foreign tax loss carry-forwards (Note 9)		344,034		5,697			(34,711	)(f)		—			315,020


(a)		Uncollectible accounts written off.

(b)		Represents a reduction primarily due to the release of valuation allowance in EMEA, of which $64,215,000 impacted the effective tax rate and $11,840,000 of which did not impact the effective tax rate because deferred taxes and income tax payables associated with the release of the valuation allowance were recorded which offset a portion of the benefit as a result of the release (see Note 9).

(c)		Primarily relates to the translation impact of changes in foreign currency exchange rates and acquired valuation allowances.

(d)		Includes the impact of deferred tax rate changes, the translation impact of changes in foreign currency exchange rates and the increase of valuation allowance against associated deferred tax benefits as it was determined the related operating tax loss carry-forward cannot be utilized.

(e)		Includes allowance for doubtful accounts as a result of acquisitions.

(f)		Includes the impact of deferred tax rate changes and the translation impact of changes in foreign currency exchange rates.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jul. 02, 2011

Summary of significant accounting policies [Abstract]

Principles of consolidation

Cash and cash equivalents

Cash and cash equivalents — The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Inventories

Inventories — Inventories, comprised principally of finished goods, are stated at cost (first-in, first-out) or market, whichever is lower.

Investments

Depreciation and amortization

Long-lived assets

Goodwill

Foreign currency translation

Income taxes

Self-insurance

Revenue recognition

Revenues from maintenance contracts are recognized ratably over the life of the contracts, generally ranging from one to three years.

Comprehensive income (loss)

Share based compensation option and incentive plans

Concentration of credit risk

Fair value of financial instruments

Derivative financial instruments

Accounts receivable securitization

Fiscal year

Management estimates

Adoption of new accounting standard pronouncement


	June 28, 2008
	As Reported		Adjustments			As Adjusted
	(Thousands)
Additional paid in capital ⁽¹⁾	$	1,122,852	$	43,190		$	1,166,042
Retained earnings ⁽²⁾	$	2,379,723	$	(35,940	)	$	2,343,783


⁽¹⁾		Adjustment represents the value of the equity component of the Debentures, net of deferred taxes.

⁽²⁾		Adjustment represents the accretion of the debt discount, net of tax, over the expected life of the Debentures, which was five years from the date of issuance, or March 2009, because this was the earliest date the holders had a right to exercise their put option.


	Fiscal Year Ended
Adjustments-increase (decrease)	June 27, 2009
	(Thousands, except
	per share data)
Selling, general and adminstrative expenses ⁽³⁾	$	(291	)
Interest expense ⁽⁴⁾		12,185
Income tax provision		(4,644	)
Net income		(7,250	)
Basic EPS	$	(0.05	)
Diluted EPS	$	(0.05	)


⁽³⁾		Adjustment represents a reduction to deferred financing cost amortization expense as a result of allocating a portion of such costs to the equity component of the Debentures.

⁽⁴⁾		Adjustment represents incremental non-cash interest expense as a result of accreting the Debenture debt discount.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 02, 2011

Summary of significant accounting policies [Abstract]

Cumulative effect of the change on certain components of equity


	June 28, 2008
	As Reported		Adjustments			As Adjusted
	(Thousands)
Additional paid in capital ⁽¹⁾	$	1,122,852	$	43,190		$	1,166,042
Retained earnings ⁽²⁾	$	2,379,723	$	(35,940	)	$	2,343,783


⁽¹⁾		Adjustment represents the value of the equity component of the Debentures, net of deferred taxes.

⁽²⁾		Adjustment represents the accretion of the debt discount, net of tax, over the expected life of the Debentures, which was five years from the date of issuance, or March 2009, because this was the earliest date the holders had a right to exercise their put option.


	Fiscal Year Ended
Adjustments-increase (decrease)	June 27, 2009
	(Thousands, except
	per share data)
Selling, general and adminstrative expenses ⁽³⁾	$	(291	)
Interest expense ⁽⁴⁾		12,185
Income tax provision		(4,644	)
Net income		(7,250	)
Basic EPS	$	(0.05	)
Diluted EPS	$	(0.05	)


⁽³⁾		Adjustment represents a reduction to deferred financing cost amortization expense as a result of allocating a portion of such costs to the equity component of the Debentures.

⁽⁴⁾		Adjustment represents incremental non-cash interest expense as a result of accreting the Debenture debt discount.

Acquisitions and divestitures (Tables)

12 Months Ended

Jul. 02, 2011

Acquisitions and divestitures [Abstract]

Acquisitions


		Approximate
		Annualized		Acquisition
Acquired Business	Group & Region	Revenues (1)		Date
		(Millions)
Fiscal 2011
itX Group Ltd.	TS Asia/Pac	$	160	January 2011
Center Cell	EM Americas		5	November 2010
Eurotone	EM Asia/Pac		30	October 2010
Broadband	EM Americas		8	October 2010
Unidux	EM Asia/Pac		370	July 2010
Tallard Technologies	TS Americas		250	July 2010
Bell Microproducts Inc.	EM & TS Americas		3,021	July 2010
	TS EMEA

Fiscal 2010
Servodata HP Division	TS EMEA	$	20	April 2010
PT Datamation	TS Asia/Pac		90	April 2010
Sunshine Joint Stock Company	TS Asia/Pac		30	November 2009
Vanda Group	TS Asia/Pac		30	October 2009

Fiscal 2009
Abacus Group plc	EM EMEA	$	400	January 2009
Nippon Denso Industry Co., Ltd.	EM Asia/Pac		140	December 2008
Ontrack Solutions Pvt. Ltd.	TS Asia/Pac		13	July 2008
Horizon Technology Group plc	TS EMEA		400	June 2008
Source Electronics Corporation	EM Americas		82	June 2008


⁽¹⁾		Represents the approximate annual revenue from the acquired businesses’ most recent fiscal year end prior to acquisition by Avnet and based upon average foreign currency exchange rates for those periods.

Purchase price allocation


	July 6, 2010
	(Thousands)
Current assets	$	705,986
Property, plant and equipment		13,022
Goodwill		224,265
Identifiable intangible asset		60,000
Other assets		37,964

Total assets acquired		1,041,237

Current liabilities, excluding current portion of long-term debt		396,875
Long-term liabilities		30,218
Total debt		358,453

Total liabilities assumed		785,546

Net assets acquired	$	255,691

Business acquisition pro forma information


	Pro Forma Results
	Twelve Months Ended
	July 3, 2010
	(Thousands, except per
	share data)
Pro forma sales	$	22,291,579
Pro forma operating income		660,769
Pro forma net income		404,249

Pro forma diluted earnings per share	$	2.64

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 52
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Appendix F
-Paragraph F4
-Subparagraph e

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6972119&loc=d3e1392-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6972119&loc=d3e1486-128463

+ Details

Comprehensive Income (Loss) (Tables)

12 Months Ended

Jul. 02, 2011

Comprehensive Income (Loss) [Abstract]

Illustration of accumulated balances of comprehensive income


	July 2,			July 3,			June 27,
	2011			2010			2009
	(Thousands)
Accumulated translation adjustments, net	$	461,213		$	131,329		$	290,846
Accumulated pension liability adjustments, net of income taxes		(84,002	)		(103,967	)		(72,752	)

Total	$	377,211		$	27,362		$	218,094

Property plant and equipment, net (Tables)

12 Months Ended

Jul. 02, 2011

Property plant and equipment, net [Abstract]

Summary of Property, plant and equipment


	July 2,			July 3,
	2011			2010
	(Thousands)
Land	$	22,467		$	20,697
Buildings		112,072			102,875
Machinery, fixtures and equipment		805,093			663,915
Leasehold improvements		92,728			56,686

		1,032,360			844,173
Less — accumulated depreciation and amortization		(613,187	)		(541,590	)

	$	419,173		$	302,583

Goodwill and intangible assets (Tables)

12 Months Ended

Jul. 02, 2011

Goodwill and intangible assets [Abstract]

Carrying amount of goodwill, by reportable segment


	Electronics		Technology
	Marketing		Solutions			Total
	(Thousands)
Carrying value at July 3, 2010	$	242,626	$	323,683		$	566,309
Additions		100,356		244,173			344,529
Adjustments		—		(53,565	)		(53,565	)
Foreign currency translation		9,888		17,911			27,799

Carrying value at July 2, 2011	$	352,870	$	532,202		$	885,072

Schedule of Goodwill and Accumulated Impairment


	Electronics			Technology
	Marketing			Solutions			Total
	(Thousands)
Gross goodwill at July 3, 2010	$	1,287,736		$	658,307		$	1,946,043
Accumulated impairment		(1,045,110	)		(334,624	)		(1,379,734	)

Carrying value at July 3, 2010	$	242,626		$	323,683		$	566,309


Gross goodwill at July 2, 2011	$	1,397,980		$	866,826		$	2,264,806
Accumulated impairment		(1,045,110	)		(334,624	)		(1,379,734	)

Carrying value at July 2, 2011	$	352,870		$	532,202		$	885,072

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details

External financing (Tables)

12 Months Ended

Jul. 02, 2011

External financing [Abstract]

Components of short-term debt


	July 2,		July 3,
	2011		2010
	(Thousands)
Bank credit facilities	$	81,951	$	35,617
Borrowings under the accounts receivable securitization program		160,000		—
Other debt due within one year		1,128		932

Short-term debt	$	243,079	$	36,549

Components of long-term debt


	July 2,			July 3,
	2011			2010
	(Thousands)
5.875% Notes due March 15, 2014	$	300,000		$	300,000
6.00% Notes due September 1, 2015		250,000			250,000
6.625% Notes due September 15, 2016		300,000			300,000
5.875% Notes due June 15, 2020		300,000			300,000
Other long-term debt		126,512			97,217

Subtotal		1,276,512			1,247,217
Discount on notes		(3,003	)		(3,536	)

Long-term debt	$	1,273,509		$	1,243,681

Aggregate debt maturities


2012	$	243,079
2013		124,545
2014		301,646
2015		321
2016		250,000
Thereafter		600,000

Subtotal		1,519,591
Discount on notes		(3,003	)

Total debt	$	1,516,588

Accrued expenses and other (Tables)

12 Months Ended

Jul. 02, 2011

Accrued expenses and other [Abstract]

Summarized Accrued expenses and other


	July 2,		July 3,
	2011		2010
	(Thousands)
Payroll, commissions and related accruals	$	320,958	$	212,830
Income taxes (Note 9)		72,495		100,422
Other ⁽¹⁾		279,563		227,524

	$	673,016	$	540,776


⁽¹⁾		Includes restructuring reserves recorded through purchase accounting and through “restructuring, integration and other charges” (see Notes 2 and 17). Amounts presented in this caption were individually not significant.

Income Taxes (Tables)

12 Months Ended

Jul. 02, 2011

Income Taxes [Abstract]

Components of provision for income taxes expense (benefit)


	Years Ended
	July 2,			July 3,		June 27,
	2011			2010		2009
	(Thousands)
Current:
Federal	$	64,476		$	61,892	$	69,835
State and local		11,724			9,789		7,689
Foreign		109,731			56,608		50,007

Total current taxes		185,931			128,289		127,531

Deferred:
Federal		41,029			24,251		(55,743	)
State and local		5,273			1,290		(5,250	)
Foreign		(30,336	)		20,883		(31,794	)

Total deferred taxes		15,966			46,424		(92,787	)

Provision for income taxes	$	201,897		$	174,713	$	34,744

Reconciliation between federal statutory tax rate and effective tax rate


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
Federal statutory rate		35.0	%		35.0	%		(35.0	)%
State and local income taxes, net of federal benefit		1.5			1.2			0.3
Foreign tax rates, net of valuation allowances		(5.3	)		(6.6	)		(2.0	)
Release of valuation allowance, net of U.S. tax expense (as discussed below)		(7.4	)		—			—
Change in contingency reserves		1.4			2.6			1.1
Tax audit settlements		(0.4	)		(1.6	)		(2.9	)
Impairment charges		—			—			41.9
Other, net		(1.6	)		(0.7	)		(0.2	)

Effective tax rate		23.2	%		29.9	%		3.2	%

Components of deferred tax assets and liabilities


	July 2,			July 3,
	2011			2010
	(Thousands)
Deferred tax assets:
Inventory valuation	$	13,680		$	8,276
Accounts receivable valuation		27,916			24,264
Federal, state and foreign tax loss carry-forwards		394,093			361,988
Various accrued liabilities and other		57,686			101,254

		493,375			495,782
Less — valuation allowance		(310,772	)		(331,423	)

		182,603			164,359

Deferred tax liabilities:
Depreciation and amortization of property, plant and equipment		(43,302	)		(23,177	)

Net deferred tax assets	$	139,301		$	141,182

Reconciliation of the beginning and ending accrual balance for unrecognized tax benefits


	July 2, 2011			July 3, 2010
	(Thousands)
Balance at beginning of year	$	132,828		$	135,891
Additions for tax positions taken in prior periods, including interest		40,218			32,723
Reductions for tax positions taken in prior periods, including interest		(16,837	)		(33,168	)
Additions for tax positions taken in current period		11,041			4,970
Reductions related to cash settlements with taxing authorities		(616	)		(96	)
Reductions related to the lapse of statute of limitations		(1,565	)		(2,006	)
Additions (reductions) related to foreign currency translation		10,082			(5,486	)

Balance at end of year	$	175,151		$	132,828

Summary of major jurisdiction


Jurisdiction	Fiscal Year
Belgium		1999 – 2011
United States (federal and state) and Singapore		2004 – 2011
Hong Kong		2005 – 2011
Germany and Taiwan		2006 – 2011
United Kingdom		2007 – 2011
Netherlands		2008 – 2011

Pension and Retirement Plans (Tables)

12 Months Ended

Jul. 02, 2011

Pension and retirement plans [Abstract]

Outline changes in benefit obligations, plan assets and the funded status of the pension plan


	July 2,			July 3,
	2011			2010
	(Thousands)
Changes in benefit obligations:
Benefit obligations at beginning of year	$	276,938		$	263,324
Service cost		23,874			—
Interest cost		13,918			15,748
Plan amendments		—			34,000
Actuarial loss		5,168			19,591
Benefits paid		(22,371	)		(55,725	)

Benefit obligations at end of year	$	297,527		$	276,938

Change in plan assets:
Fair value of plan assets at beginning of year	$	278,964		$	258,931
Actual return on plan assets		67,659			34,008
Benefits paid		(22,371	)		(55,725	)
Contributions		500			41,750

Fair value of plan assets at end of year	$	324,752		$	278,964


Funded status of the plan recognized as a non-current asset	$	27,225		$	2,026


Amounts recognized in accumulated other comprehensive income:
Unrecognized net actuarial loss	$	147,311		$	191,180
Unamortized prior service credit		(14,431	)		(16,306	)

	$	132,880		$	174,874


Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net actuarial (gain) loss	$	(34,931	)	$	15,720
Prior service cost		—			34,000
Amortization of net actuarial loss		(8,938	)		(5,687	)
Amortization of prior service credit		1,875			4,884

	$	(41,994	)	$	48,917

Weighted average assumptions used to calculate actuarial present values of benefit


	2011			2010
Discount rate		5.25	%		5.25	%

Weighted average assumptions used to determine net benefit costs


	2011			2010
Discount rate		5.25	%		6.25	%
Expected return on plan assets		8.50	%		9.00	%

Components of net periodic pension costs


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
	(Thousands)
Service cost	$	23,874		$	—		$	16,205
Interest cost		13,918			15,748			18,175
Expected return on plan assets		(27,560	)		(30,137	)		(26,539	)
Recognized net actuarial loss		8,938			5,687			2,325
Amortization of prior service credit		(1,875	)		(4,884	)		—

Net periodic pension cost	$	17,295		$	(13,586	)	$	10,166

Estimated future benefit payments


2012	$	26,463
2013		20,405
2014		20,619
2015		19,258
2016		20,625
2016 through 2021		112,041

Plan's assets are held in trust and were allocated


	2011			2010
Equity securities		76	%		74	%
Debt securities		24			25
Cash and receivables		—			1

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 4, 7, 16, 20, 21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=6930749&loc=d3e4179-114921

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2410-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2439-114920

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2417-114920

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Long-term [Tables]

12 Months Ended

Jul. 02, 2011

Long-term leases [Abstract]

Rent expense charged to operations


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Thousands)
Buildings	$	78,371	$	59,047	$	58,213
Equipment		8,332		5,440		6,169

	$	86,703	$	64,487	$	64,382

Minimum operating lease commitments principally for buildings


2012	$	92,376
2013		73,517
2014		46,800
2015		28,933
2016		20,560
Thereafter		42,421

Total	$	304,607

Stock Based Compensation Plans (Tables)

12 Months Ended

Jul. 02, 2011

Stock Based Compensation Plans [Abstract]

Volatility assumption on the basis of Avnet's Stock


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
Expected term (years)		6.0			6.0			5.75
Risk-free interest rate		1.8	%		3.0	%		3.4	%
Weighted average volatility		33.7	%		34.3	%		30.7	%
Dividend yield		—			—			—

Summary of the changes in outstanding options


						Weighted
				Weighted		Average
				Average		Remaining
				Exercise		Contractual
	Shares			Price		Life
Outstanding at July 3, 2010		3,530,118		$	21.06	56 Months
Granted		382,612		$	24.41	109 Months
Exercised		(751,396	)	$	18.69	20 Months
Forfeited or expired		(102,119	)	$	29.35	18 Months

Outstanding at July 2, 2011		3,059,215		$	21.79	59 Months

Exercisable at July 2, 2011		2,139,921		$	19.99	42 Months

Summary of the changes in non-vested stock options


				Weighted
				Average
				Grant-Date
	Shares			Fair Value
Non-vested stock options at July 3, 2010		881,556		$	10.40
Granted		382,612		$	8.72
Vested		(330,200	)	$	10.37
Forfeited		(14,674	)	$	11.67

Non-vested stock options at July 2, 2011		919,294		$	9.69

Summary of the changes in non-vested incentive shares


				Weighted
				Average
				Grant-Date
	Shares			Fair Value
Non-vested incentive shares at July 3, 2010		1,258,054		$	26.57
Granted		817,965		$	25.40
Vested		(623,333	)	$	25.53
Forfeited		(37,902	)	$	26.24

Non-vested incentive shares at July 2, 2011		1,414,784		$	26.47

Earnings Per Share (Tables)

12 Months Ended

Jul. 02, 2011

Earnings per share [Abstract]

Basic earnings per share calculation


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Thousands, except per share data)
Numerator:
Net income (loss) for basic and diluted earnings per share	$	669,069	$	410,370	$	(1,129,712	)


Denominator:
Weighted average common shares for basic earnings (loss) per share		152,481		151,629		150,898
Net effect of dilutive stock options and performance share awards		1,856		1,464		—

Weighted average common shares for diluted earnings per share		154,337		153,093		150,898


Basic earnings (loss) per share	$	4.39	$	2.71	$	(7.49	)

Diluted earnings (loss) per share	$	4.34	$	2.68	$	(7.49	)

Additional Cash Flow Information (Tables)

12 Months Ended

Jul. 02, 2011

Additional cash flow information [Abstract]

Other noncash and reconciling items


	Years Ended
	July 2,		July 3,			June 27,
	2011		2010			2009
	(Thousands)
Provision for doubtful accounts	$	39,255	$	33,825		$	32,777
Periodic pension (income) costs (Note 10)		17,295		(13,586	)		10,166
Other, net		296		(4,854	)		(4,529	)

Total	$	56,846	$	15,385		$	38,414

Interest and income taxes paid


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Thousands)
Interest	$	91,946	$	60,556	$	66,895
Income taxes	$	158,372	$	92,565	$	126,010

Segment information (Tables)

12 Months Ended

Jul. 02, 2011

Segment information [Abstract]

The sales and services provided by the company


	Years Ended
	July 2,			July 3,			June 27,
	2011			2010			2009
	(Millions)
Sales:
Electronics Marketing	$	15,066.2		$	10,966.8		$	9,192.8
Technology Solutions		11,468.2			8,193.4			7,037.1

	$	26,534.4		$	19,160.2		$	16,229.9

Operating income (loss):
Electronics Marketing	$	832.5		$	491.6		$	354.5
Technology Solutions		286.7			251.7			201.4
Corporate		(112.0	)		(82.3	)		(64.5	)

		1,007.2			661.0			491.4
Impairment charges (Note 6)		—			—			(1,411.1	)
Restructuring, integration and other charges (Note 17)		(77.2	)		(25.4	)		(99.3	)

	$	930.0		$	635.6		$	(1,019.0	)

Assets:
Electronics Marketing	$	5,890.9		$	4,441.8		$	3,783.4
Technology Solutions		3,765.2			2,553.8			2,036.8
Corporate		249.5			786.8			453.3

	$	9,905.6		$	7,782.4		$	6,273.5

Capital expenditures:
Electronics Marketing	$	69.8		$	30.1		$	61.1
Technology Solutions		57.4			17.2			38.5
Corporate		21.5			19.6			10.6

	$	148.7		$	66.9		$	110.2

Depreciation & amortization expense:
Electronics Marketing	$	28.3		$	24.6		$	26.8
Technology Solutions		30.0			15.7			18.3
Corporate		23.1			20.3			20.7

	$	81.4		$	60.6		$	65.8

Sales, by geographic area, are as follows:
Americas ⁽¹⁾	$	11,518.5		$	8,367.3		$	7,572.2
EMEA ⁽²⁾		8,393.4			5,948.3			5,268.4
Asia/Pacific ⁽³⁾		6,622.5			4,844.6			3,389.3

	$	26,534.4		$	19,160.2		$	16,229.9

Property, plant and equipment, net, by geographic area:
Americas ⁽⁴⁾	$	242.5		$	182.2		$	183.9
EMEA ⁽⁵⁾		150.6			98.5			101.3
Asia/Pacific		26.1			21.9			20.5

	$	419.2		$	302.6		$	305.7


⁽¹⁾		Includes sales in the United States of $10.0 billion, $7.6 billion and $6.8 billion for fiscal year 2011, 2010 and 2009, respectively.

⁽²⁾		Includes sales in Germany and the United Kingdom of $3.1 billion and $1.7 billion, respectively, for fiscal 2011. Includes sales in Germany and the United Kingdom of $2.1 billion and $1.1 billion, respectively, for fiscal 2010. Includes sales in Germany and the United Kingdom of $1.8 billion and $1.0 billion, respectively, for fiscal 2009.

⁽³⁾		Includes sales of $1.8 billion, $2.4 billion and $1.2 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2011. Includes sales of $1.3 billion, $2.0 billion and $1.0 billion in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2010. Includes sales of $966.9 million, $1.3 billion and $752.9 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2009.

⁽⁴⁾		Includes property, plant and equipment, net, of $231.3 million, $178.2 million and $179.6 million in the United States for fiscal 2011, 2010 and 2009, respectively.

⁽⁵⁾		Includes property, plant and equipment, net of $92.8 million, $23.4 million, and $16.4 million in Germany, Belgium and the United Kingdom, respectively, for fiscal 2011. Fiscal 2010 includes property, plant and equipment, net, of $48.0 million in Germany, $20.4 million in Belgium and $13.4 million in the United Kingdom. Fiscal 2009 includes property, plant and equipment, net, of $41.4 million in Germany, $24.2 million, in Belgium and $26.8 million in the United Kingdom.

Company's approximate sales of major product categories


	Years Ended
	July 2,		July 3,		June 27,
	2011		2010		2009
	(Millions)
Semiconductors	$	14,149.3	$	10,098.7	$	8,324.0
Computer products		10,284.6		7,302.8		6,393.4
Connectors		1,041.4		841.4		735.2
Passives, electromechanical and other		1,059.1		917.3		777.3

	$	26,534.4	$	19,160.2	$	16,229.9

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Restructuring, Integration and Other Charges (Tables)

12 Months Ended

Jul. 02, 2011

Restructuring, integration and other charges [Abstract]


	Year Ended
	July 2, 2011
	(Thousands)
Restructuring charges	$	47,763
Integration costs		25,068
Acquisition costs		15,597
Reversal of excess prior year restructuring reserves		(6,076	)
Prior year acquisition adjustments		(5,176	)

Pre-tax restructuring, integration and other charges	$	77,176

After tax restructuring, integration and other charges	$	56,169

Restructuring, integration and other charges per share on a diluted basis	$	0.36


	Year Ended
	July 3, 2010
	(Thousands)
Restructuring charges	$	15,991
Integration costs		2,931
Value-added tax exposure		6,477
Other		3,261
Reversal of excess restructuring reserves recorded in prior periods		(3,241	)

Pre-tax restructuring, integration and other charges	$	25,419

After tax restructuring, integration and other charges	$	18,789

Restructuring, integration and other charges per share on a diluted basis	$	0.12


	Year Ended
	June 27, 2009
	(Thousands)
Restructuring charges	$	84,976
Integration costs		11,160
Reversal of excess prior year restructuring reserves		(2,514	)
Prior year acquisition adjustments		(1,201	)
Loss on investment		3,091
Incremental amortization		3,830

Pre-tax restructuring, integration and other charges	$	99,342

After tax restructuring, integration and other charges	$	65,310

Restructuring, integration and other charges per share on a diluted basis	$	0.43


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Fiscal 2011 pre-tax charges	$	28,584		$	17,331		$	1,848		$	47,673
Cash payments		(19,142	)		(5,651	)		(787	)		(25,580	)
Non-cash write downs		—			(3,278	)		(51	)		(3,329	)
Adjustments		(293	)		(349	)		(223	)		(865	)
Other, principally foreign currency translation		654			241			251			1,146

Balance at July 2, 2011	$	9,803		$	8,294		$	1,038		$	19,135


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Balance at July 3, 2010	$	539		$	1,405		$	1,836		$	3,780
Cash payments		(400	)		(279	)		(443	)		(1,122	)
Adjustments		(144	)		(903	)		421			(626	)
Other, principally foreign currency translation		22			9			152			183

Balance at July 2, 2011	$	17		$	232		$	1,966		$	2,215


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Balance at July 3, 2010	$	1,920		$	17,136		$	1,634		$	20,690
Cash payments		(1,432	)		(7,551	)		(414	)		(9,397	)
Adjustments		(319	)		(4,161	)		(1,703	)		(6,183	)
Other, principally foreign currency translation		130			175			483			788

Balance at July 2, 2011	$	299		$	5,599		$	—		$	5,898

Summary of quarterly results (unaudited) (Tables)

12 Months Ended

Jul. 02, 2011

Summary of quarterly results [Abstract]

Summary of quarterly results of Income


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year(a)
	(Millions, except per share amounts)
2011(b)
Sales	$	6,182.4	$	6,767.5	$	6,672.4	$	6,912.1	$	26,534.4
Gross profit		723.1		773.2		786.6		824.9		3,107.8
Net income		138.2		141.0		151.0		238.8		669.1
Diluted earnings per share		0.90		0.91		0.98		1.54		4.34
2010(c)
Sales	$	4,355.0	$	4,834.5	$	4,756.8	$	5,213.8	$	19,160.2
Gross profit		499.7		551.9		582.8		645.8		2,280.2
Net income		50.9		103.9		114.5		141.1		410.4
Diluted earnings per share		0.33		0.68		0.75		0.92		2.68


(a)		Quarters may not add to the year due to rounding.

(b)		First quarter of fiscal 2011 results were impacted by restructuring, integration and other charges which totaled $28.1 million pre-tax, $20.2 after tax and $0.13 per share on a diluted basis. Restructuring charges consisted of severance costs, facility exit costs and other charges resulting from acquisition related integration activities. Integration costs included professional fees and salary and benefit costs related primarily to the acquired businesses’ personnel retained by the Company for extended periods to assist with integrations. Other charges consisted of broker fees, professional fees for legal and accounting and due diligence, and other related costs associated with the Bell, Tallard and Unidux acquisitions. In addition, the Company recognized a gain on bargain purchase of $31.0 million pre- and after tax, and $0.20 per share on a diluted basis in connection with its Unidux acquisition. Second quarter results were impacted by restructuring, integration and other charges which totaled $29.1 million pre-tax, $20.8 million after tax and $0.14 per share on a diluted basis incurred primarily in connection with the acquisitions and integrations of acquired businesses. The Company also recorded a reversal of $3.5 million pre-tax primary related to the reversal of restructuring reserves established in prior years which were no longer needed. Third quarter of fiscal 2011 results were impacted by restructuring, integration and other charges which totaled $16.3 million pre-tax, $11.9 million after tax and $0.08 per share on a diluted basis incurred primarily in connection with the acquisitions and integrations of acquired businesses. In addition, the Company recognized a loss of $6.3 million pre-tax, $3.9 million after tax and $0.02 per share on a diluted basis related to the write down of investments in smaller technology start-up companies. Fourth quarter of fiscal 2011 results were impacted by restructuring, integration and other charges which totaled $7.3 million pre-tax, $5.8 million after tax and $0.04 per share on a diluted basis. The Company also reversed $3.6 million pre-tax, $2.5 million after tax and $0.02 per share on a diluted basis for restructuring and purchase accounting reserves determined not to be needed. In addition, fourth quarter results included a tax benefit of $52.7 million, or $0.34 per share on a diluted basis, primarily related to the release of a tax valuation allowance for which the tax asset was determined to be realizable.

(c)		First quarter of fiscal 2010 results were impacted by restructuring, integration and other charges which totaled $18.1 million pre-tax, $13.2 million after tax and $0.09 per share on a diluted basis. Restructuring charges consisted of severance costs, facility exit costs, and fixed asset write-downs related to previously announced cost reduction actions. The Company recognized a reversal of excess prior year restructuring reserves and also recognized integration costs associated with acquired businesses and other charges. In addition, the Company recognized a net increase in taxes of $3.1 million and $0.02 per share on a diluted basis related an adjustment for a prior year tax return and additional tax reserves, net of a benefit from a favorable income tax audit settlement. Second quarter results were impacted by a gain on the sale of assets of $5.5 million pre-tax, $3.4 million after tax and $0.02 per share on a diluted basis as a result of certain earn-out provisions associated with the earlier sale of the Company’s equity investment in Calence LLC. Third quarter of fiscal 2010 results were impacted by restructuring, integration and other charges of $7.3 million pre-tax, $5.6 million after tax and $0.04 per share on a diluted basis which included (i) $6.5 million pre-tax for a value-added tax exposure in Europe related to an audit of prior years, (ii) $2.1 million pre-tax related to acquisition-related costs, and (iii) a credit of $1.3 million pre-tax related to reversals of restructuring reserves no longer deemed necessary. In addition, third quarter results were impacted by a gain on the sale of assets of $3.2 million pre-tax, $1.9 million after tax and $0.01 per share on a diluted basis as a result of a final earn-out payment associated with the earlier sale of the Company’s equity investment in Calence LLC and were impacted by a net tax benefit of $2.3 million and $0.02 per share on a diluted basis related to adjustments for a prior year tax return and a benefit from a favorable income tax audit settlement partially offset by additional tax reserves for existing tax positions.

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 27, 2009	Jun. 28, 2008
Cumulative effect of the change on certain components of equity
Selling, general and administrative expenses	$ (291)
Interest expense	12,185
Income tax provision	(4,644)
Net income	$ (7,250)
Basic EPS	$ (0.05)
Diluted EPS	$ (0.05)
Additional Paid-In Capital [Member]
Cumulative effect of the change on certain components of equity
As Reported		$ 1,122,852
Adjustments		43,190
As Adjusted		1,166,042
Retained Earnings [Member]
Cumulative effect of the change on certain components of equity
As Reported		2,379,723
Adjustments		(35,940)
As Adjusted		$ 2,343,783

Summary of Significant Accounting Policies (Details Textuals)	12 Months Ended
	Jul. 02, 2011 USD ($)	Jul. 03, 2010 USD ($)
Summary of significant accounting policies (Textuals) [Abstract]
Cumulative unremitted earnings of foreign subsidiaries	$ 2,000,000,000
Provision for income taxes on unremitted earnings of foreign subsidiaries	0
Fair value of Cash equivalents recorded based upon level 1	$ 164,157,000	$ 643,281,000
Ownership interest in joint venture	greater than 50%
Ownership interest in joint ventures without significant influence	Less than 20%
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Maximum	30
Machinery, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Maximum	10
Property, Plant and Equipment, Useful Life, Minimum	2
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Description	remaining lease term or useful life if shorter

Acquisitions and divestitures (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
itX [Member]
Acquisitions
Group & Region	TS Asia/Pac
Approximate Annualized Revenues	$ 160
Acquisition Date	January 2011
Center Cell [Member]
Acquisitions
Group & Region	EM Americas
Approximate Annualized Revenues	$ 5
Acquisition Date	November 2010
Eurotone [Member]
Acquisitions
Group & Region	EM Asia/Pac
Approximate Annualized Revenues	$ 30
Acquisition Date	October 2010
Broadband [Member]
Acquisitions
Group & Region	EM Americas
Approximate Annualized Revenues	$ 8
Acquisition Date	October 2010
Unidux [Member]
Acquisitions
Group & Region	EM Asia/Pac
Approximate Annualized Revenues	$ 370
Acquisition Date	July 2010
Tallard Technologies [Member]
Acquisitions
Group & Region	TS Americas
Approximate Annualized Revenues	$ 250
Acquisition Date	July 2010
Bell Microproducts Inc [Member]
Acquisitions
Group & Region	EM & TS Americas TS EMEA
Approximate Annualized Revenues	$ 3,021
Acquisition Date	July 2010
Servodata HP Division [Member]
Acquisitions
Group & Region		TS EMEA
Approximate Annualized Revenues		$ 20
Acquisition Date		April 2010
PT Datamation [Member]
Acquisitions
Group & Region		TS Asia/Pac
Approximate Annualized Revenues		$ 90
Acquisition Date		April 2010
Sunshine Joint Stock Company [Member]
Acquisitions
Group & Region		TS Asia/Pac
Approximate Annualized Revenues		$ 30
Acquisition Date		November 2009
Vanda Group [Member]
Acquisitions
Group & Region		TS Asia/Pac
Approximate Annualized Revenues		$ 30
Acquisition Date		October 2009
Abacus Group plc [Member]
Acquisitions
Group & Region			EM EMEA
Approximate Annualized Revenues			$ 400
Acquisition Date			January 2009
Nippon Denso Industry Co, Ltd [Member]
Acquisitions
Group & Region			EM Asia/Pac
Approximate Annualized Revenues			$ 140
Acquisition Date			December 2008
Ontrack Solutions Pvt Ltd [Member]
Acquisitions
Group & Region			TS Asia/Pac
Approximate Annualized Revenues			$ 13
Acquisition Date			July 2008
Horizon Technology Group plc [Member]
Acquisitions
Group & Region			TS EMEA
Approximate Annualized Revenues			$ 400
Acquisition Date			June 2008
Source Electronics Corporation [Member]
Acquisitions
Group & Region			EM Americas
Approximate Annualized Revenues			$ 82
Acquisition Date			June 2008

Acquisitions and divestitures (Details 1) $ in Thousands	Jul. 06, 2010 USD ($)
Purchase price allocation
Current assets	$ 705,986
Property, plant and equipment	13,022
Goodwill	224,265
Identifiable intangible asset	60,000
Other assets	37,964
Total assets acquired	1,041,237
Current liabilities, excluding current portion of long-term debt	396,875
Long-term liabilities	30,218
Total debt	358,453
Total liabilities assumed	785,546
Net assets acquired	$ 255,691

Acquisitions and divestitures (Details 2) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 03, 2010 USD ($) $ / shares
Business acquisition pro forma information
Pro forma sales	$ 22,291,579
Pro forma operating income	660,769
Pro forma net income	$ 404,249
Pro forma diluted earnings per share \| $ / shares	$ 2.64

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Acquisitions and divestitures (Details Textuals) - USD ($)	3 Months Ended				12 Months Ended
	Apr. 02, 2011	Oct. 02, 2010	Apr. 03, 2010	Jan. 02, 2010	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009	Jan. 01, 2011	Jul. 06, 2010
Business Acquisition [Line Items]
Net assets excluding cash									$ 255,691,000
Gain on bargain purchase		$ 30,990,000			$ 30,990,000
Gain on bargain purchase per share on a diluted basis		$ 0.20
Identifiable amortizable intangible assets									$ 60,000,000
Proceeds from divestiture activities					19,108,000	$ 11,785,000	$ 14,318,000
Acquisitions and Divestitures (Textuals) [Abstract]
Cash paid for restructuring reserve					462,000
Lease reserves					2,258,000
Reserves related to costs and other contractual lease obligations					2,827,000
Gain on sale of equity method investments before tax			$ 3,200,000	$ 5,500,000		8,751,000	14,318,000
Gain on sale of equity method investments net of tax			$ 1,900,000	$ 3,400,000		$ 5,370,000	$ 8,727,000
Gain on sale of equity method investments per diluted share			$ 0.01	$ 0.02		$ 0.03	$ 0.06
Proceeds from the sale of cost method investment				$ 3,034,000
Gain loss on sale of cost method investment before tax	$ 6,308,000				6,308,000
Gain loss on sale of cost method investment after tax	$ 3,900,000				$ 3,857,000
Gain loss on sale of cost method investment disposal per diluted share	$ 0.02				$ 0.02
Unidux [Member]
Business Acquisition [Line Items]
Net assets excluding cash					$ 163,770,000
Purchase price of the business acquired					132,780,000
Gain on bargain purchase					$ 30,990,000
Gain on bargain purchase per share on a diluted basis					$ 0.20
Approximate Annualized Revenues					$ 370,000,000
Bell Microproducts Inc [Member]
Business Acquisition [Line Items]
Approximate Annualized Revenues					$ 3,021,000,000
Purchase price per share of the business acquired					$ 7.00
Total consideration					$ 255,691,000
Net debt					323,321,000
Repayment of debt of acquired entity					209,651,000
Identifiable amortizable intangible assets					60,000,000
Contingent liability of the business acquired					10,000,000			$ 18,000,000
Range of potential exposure associated with the contingent liability					73,000,000
Gross amount of accounts receivable acquired					381,805,000
Fair value of accounts receivable					363,589,000
Pro forma amortization intangible assets before tax						$ 8,571,000
Pro forma amortization intangible assets net of tax						$ 6,074,000
Intangible assets amortization, per diluted share						$ 0.04
Pro forma transaction costs before tax						$ 5,181,000
Pro forma transaction costs net of tax						$ 3,168,000
Transaction costs, per diluted share						$ 0.02
Sales					781,135,000
Proceeds from divestiture activities					19,108,000
Gain or loss as a result of divestiture					0
Other Acquisitions [Member]
Business Acquisition [Line Items]
Purchase price of the business acquired					$ 124,678,000

Accounts Receivable Securitization (Details) - USD ($)	12 Months Ended
Accounts Receivable Securitization (Details) - USD ($)	Jul. 02, 2011	Jul. 03, 2010
Accounts receivable securitization (Textuals) [Abstract]
Accounts receivable securitization program maximum borrowing amount	$ 600,000,000
Accounts receivable securitization program, maximum borrowing amount prior to amendment	450,000,000
Accounts receivable securitization program, borrowings outstanding	$ 160,000,000	$ 0
Terms on which interest on borrowings is calculated	base rate or a commercial paper rate plus a spread of 0.425%
Program facility fee	0.50%
Accounts Receivable Securitization Program Loan Term	1 year
Accounts Receivable securitization program, expiration date	August 2011

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Illustration of accumulated balances of comprehensive income
Accumulated translation adjustments, net	$ 461,213	$ 131,329	$ 290,846
Accumulated pension liability adjustments, net of income taxes	(84,002)	(103,967)	(72,752)
Total	$ 377,211	$ 27,362	$ 218,094

- Definition

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 18, 19, 22, 23, 24, 25, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 12, 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 31
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32022-110900

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

+ Details

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

+ Details

Property plant and equipment, net (Details) - USD ($)	12 Months Ended
Property plant and equipment, net (Details) - USD ($)	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Summary of Property, plant and equipment
Land	$ 22,467,000	$ 20,697,000
Buildings	112,072,000	102,875,000
Machinery, fixtures and equipment	805,093,000	663,915,000
Leasehold improvements	92,728,000	56,686,000
Property, plant and equipment, gross	1,032,360,000	844,173,000
Less - accumulated depreciation and amortization	(613,187,000)	(541,590,000)
Property, plant and equipment, net	419,173,000	302,583,000	$ 305,700,000
Property plant and equipment, net (Textuals) [Abstract]
Depreciation and amortization expense	57,516,000	$ 49,692,000	$ 50,653,000
Asset Impairment Charges, Pre Tax	1,968,000
Asset Impairment Charges, After Tax	$ 1,413,000
Asset Impairment Charges Per Diluted Share	$ 0.01

Goodwill and intangible assets (Details) $ in Thousands	12 Months Ended
Goodwill and intangible assets (Details) $ in Thousands	Jul. 02, 2011 USD ($)
Carrying amount of goodwill, by reportable segment
Carrying value at July 3, 2010	$ 566,309
Additions	344,529
Adjustments	(53,565)
Foreign currency translation	27,799
Carrying value at July 2, 2011	885,072
Electronics Marketing [Member]
Carrying amount of goodwill, by reportable segment
Carrying value at July 3, 2010	242,626
Additions	100,356
Foreign currency translation	9,888
Carrying value at July 2, 2011	352,870
Technology Solutions [Member]
Carrying amount of goodwill, by reportable segment
Carrying value at July 3, 2010	323,683
Additions	244,173
Adjustments	(53,565)
Foreign currency translation	17,911
Carrying value at July 2, 2011	$ 532,202

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill and intangible assets (Details 1) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Goodwill and accumulated impairment
Gross goodwill	$ 2,264,806	$ 1,946,043
Accumulated impairment	(1,379,734)	(1,379,734)
Carrying value	885,072	566,309
Electronics Marketing [Member]
Goodwill and accumulated impairment
Gross goodwill	1,397,980	1,287,736
Accumulated impairment	(1,045,110)	(1,045,110)
Carrying value	352,870	242,626
Technology Solutions [Member]
Goodwill and accumulated impairment
Gross goodwill	866,826	658,307
Accumulated impairment	(334,624)	(334,624)
Carrying value	$ 532,202	$ 323,683

- Definition

+ References

+ Details

Goodwill and intangible assets (Details Textuals)	3 Months Ended			12 Months Ended
Goodwill and intangible assets (Details Textuals)	Oct. 02, 2010 USD ($)	Jun. 27, 2009 USD ($) $ / shares	Dec. 27, 2008 USD ($) $ / shares	Jul. 02, 2011 USD ($)	Jul. 03, 2010 USD ($)	Jun. 27, 2009 USD ($) $ / shares
Goodwill [Line Items]
Goodwill, impairment loss		$ 62,282,000	$ 1,317,452,000
Goodwill and intangible assets (Textuals) [Abstract]
Gain on bargain purchase	$ 30,990,000			$ 30,990,000
Goodwill and intangible assets impairment charges pre tax				0	$ 0	$ 1,411,127,000
Goodwill and intangible asset impairment charges after tax						$ 1,376,983,000
Goodwill and intangible asset impairment charges per share \| $ / shares						$ 9.13
Non cash goodwill impairment charge after tax		$ 62,282,000	$ 1,283,308,000
Non cash goodwill impairment charge per share \| $ / shares		$ 0.41	$ 8.51
Accumulated amortization and foreign currency translation				45,755,000
Customer relationship intangible assets carrying value				124,662,000
Customer relationship intangible assets original cost value				$ 170,417,000
Weighted average life of intangible assets				8
Intangible asset amortization expense				$ 21,240,000	$ 8,629,000	$ 12,272,000
Amortization expense year one				21,000,000
Amortization expense year two				21,000,000
Amortization expense year three				21,000,000
Amortization expense year four				21,000,000
Amortization expense year five				16,000,000
Non-cash intangible asset impairment charge						31,393,000
Non-cash intangible asset impairment charge after tax						$ 31,393,000
Non-cash intangible asset impairment charge per share \| $ / shares						$ 0.21
Intangible assets associated with the acquisitions				$ 89,372,000
EM Asia [Member]
Goodwill [Line Items]
Goodwill, impairment loss		$ 20,849,000
TS EMEA [Member]
Goodwill [Line Items]
Goodwill, impairment loss		$ 41,433,000

External financing (Details) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Components of short-term debt
Bank credit facilities	$ 81,951	$ 35,617
Borrowings under the accounts receivable securitization program	160,000	0
Other debt due within one year	1,128	932
Short-term debt	$ 243,079	$ 36,549

External financing (Details 1) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Components of long-term debt
Other long-term debt	$ 126,512	$ 97,217
Subtotal	1,276,512	1,247,217
Discount on notes	(3,003)	(3,536)
Long-term debt	1,273,509	1,243,681
5.875% Notes due March 15, 2014 [Member]
Components of long-term debt
Senior notes	300,000	300,000
6.00% Notes due September 1, 2015 [Member]
Components of long-term debt
Senior notes	250,000	250,000
6.625% Notes due September 15, 2016 [Member]
Components of long-term debt
Senior notes	300,000	300,000
5.875% Notes due June 15, 2020 [Member]
Components of long-term debt
Senior notes	$ 300,000	$ 300,000

External financing (Details 2) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Aggregate debt maturities
2012	$ 243,079
2013	124,545
2014	301,646
2015	321
2016	250,000
Thereafter	600,000
Subtotal	1,519,591
Discount on notes	(3,003)	$ (3,536)
Total debt	$ 1,516,588

External financing (Details Textuals) - USD ($)	12 Months Ended
External financing (Details Textuals) - USD ($)	Jul. 02, 2011	Jul. 03, 2010
Debt Instrument [Line Items]
Accounts receivable securitization program, borrowings outstanding	$ 160,000,000	$ 0
Accounts receivable securitization program maximum borrowing amount	$ 600,000,000
Issuance of notes in a public offering, net of issuance costs (Note 7)		296,469,000
Accounts Receivable Securitization Program Loan Term	1 year
Accounts Receivable securitization program, expiration date	August 2011
Terms on which interest on borrowings is calculated	base rate or a commercial paper rate plus a spread of 0.425%
Program facility fee	0.50%
External financing (Textuals) [Abstract]
Company's debt, fair value	$ 1,626,394,000
Company's debt, carrying value	$ 1,516,588,000
5.875% Notes due March 15, 2014 [Member]
Debt Instrument [Line Items]
Interest rate of senior notes	5.875%
3.75% Notes due March 2024 [Member]
Debt Instrument [Line Items]
Interest rate of senior notes	3.75%
Credit Agreement [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 500,000,000
Line of Credit Facility Expiration Date	September 2012
Borrowings outstanding under credit agreement	$ 122,093,000	93,682,000
Letters of Credit Outstanding, Amount	$ 16,602,000	8,597,000
Term of unsecured revolving credit facility	5 years
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Accounts receivable securitization program, borrowings outstanding	$ 160,000,000	0
Accounts receivable securitization program maximum borrowing amount	$ 600,000,000	$ 450,000,000
Accounts Receivable Securitization Program Loan Term	1 year
Accounts Receivable securitization program, expiration date	August 2011
Terms on which interest on borrowings is calculated	base rate or a commercial paper rate plus a spread of 0.425%
Program facility fee	0.50%
6.00% Notes due September 1, 2015 [Member]
Debt Instrument [Line Items]
Interest rate of senior notes	6.00%
6.625% Notes due September 15, 2016 [Member]
Debt Instrument [Line Items]
Interest rate of senior notes	6.625%
5.875% Notes due June 15, 2020 [Member]
Debt Instrument [Line Items]
Face amount of senior notes issued	$ 300,000,000
Interest rate of senior notes	5.875%
Debt Instrument Maturity Date	Jun. 15, 2020
Debt Instrument Issuance Date	June 2010
Interest Payment Dates		Interest will be payable in cash semi-annually in arrears on June 15 and December 15
Issuance of notes in a public offering, net of issuance costs (Note 7)	$ 296,469,000
Debt Assumed [Member]
Debt Instrument [Line Items]
Repayment of debt assumed	211,933,000
Outstanding balance of Assumed Debt and Credit Facilities at July 2, 2011	16,627,000
Total debt assumed	420,259,000
3.75% Notes due March 2024 assumed in acquisitions	110,000,000
Repayment of Bell debt assumed, amount tendered and paid September 2010	5,205,000
Repayment of senior notes	104,395,000
Outstanding balance of Bell debt assumed at July 2, 2011	$ 400,000
Bank Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted average interest rate on bank credit facilities	7.80%	4.00%

Accrued expenses and other (Details) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Summarized Accrued expenses and other
Payroll, commissions and related accruals	$ 320,958	$ 212,830
Income taxes (Note 9)	72,495	100,422
Other	279,563	227,524
Accrued expenses and other (Note 8)	$ 673,016	$ 540,776

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Section Appendix E
-Paragraph 289
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 48
-Paragraph 15, 21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Subparagraph 1
-Article 9

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 7
-Section 03
-Paragraph 15
-Subparagraph b(1)

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.15(b))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Current:
Federal	$ 64,476	$ 61,892	$ 69,835
State and Local	11,724	9,789	7,689
Foreign	109,731	56,608	50,007
Current Income Tax Expense (Benefit), Total	185,931	128,289	127,531
Deferred:
Federal	41,029	24,251	(55,743)
State and Local	5,273	1,290	(5,250)
Foreign	(30,336)	20,883	(31,794)
Total Deferred Taxes	15,966	46,424	(92,787)
Provision for income taxes	$ 201,897	$ 174,713	$ 34,744
Reconciliation between federal statutory tax rate and effective tax rate
Federal statutory rate	35.00%	35.00%	(35.00%)
State and local income taxes, net of federal benefit	1.50%	1.20%	0.30%
Release of valuation allowance ,net of U.S tax expense	(7.40%)
Foreign tax rates, net of valuation allowances	(5.30%)	(6.60%)	(2.00%)
Change in contingency reserves	1.40%	2.60%	1.10%
Tax audit settlements	(0.40%)	(1.60%)	(2.90%)
Impairment charges			41.90%
Other, net	(1.60%)	(0.70%)	(0.20%)
Effective tax rate	23.20%	29.90%	3.20%

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010
Deferred tax assets:
Inventory valuation	$ 13,680	$ 8,276
Accounts receivable valuation	27,916	24,264
Federal, state and foreign tax loss carry-forwards	394,093	361,988
Various accrued liabilities and other	57,686	101,254
Deferred Tax Assets, Gross	493,375	495,782
Less - valuation allowance	(310,772)	(331,423)
Deferred Tax Assets, Net	182,603	164,359
Deferred tax liabilities:
Depreciation and amortization of property, plant and equipment	(43,302)	(23,177)
Net deferred tax assets	139,301	141,182
Reconciliation of the beginning and ending accrual balance for unrecognized tax benefits
Beginning Balance	132,828	135,891
Additions for tax positions taken in prior periods, including interest	40,218	32,723
Reductions for tax positions taken in prior periods, including interest	(16,837)	(33,168)
Additions for tax positions taken in current period	11,041	4,970
Reductions related to settlements with taxing authorities	(616)	(96)
Reductions related to the lapse of statute of limitations	(1,565)	(2,006)
Additions (reductions) related to foreign currency translation	10,082	(5,486)
Ending Balance	$ 175,151	$ 132,828

Income Taxes (Details 2)	12 Months Ended
Income Taxes (Details 2)	Jul. 02, 2011
United States (federal and state) and Singapore [Member]
Summary of major jurisdiction
Jurisdiction	2004 - 2011
Germany and Taiwan [Member]
Summary of major jurisdiction
Jurisdiction	2006 - 2011
United kingdom [Member]
Summary of major jurisdiction
Jurisdiction	2007 - 2011
Netherlands [Member]
Summary of major jurisdiction
Jurisdiction	2008 - 2011
Belgium [Member]
Summary of major jurisdiction
Jurisdiction	1999 - 2011
Hong Kong [Member]
Summary of major jurisdiction
Jurisdiction	2005 - 2011

Income Taxes (Details Textuals) - USD ($)	12 Months Ended
Income Taxes (Details Textuals) - USD ($)	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Income Taxes (Textuals) [Abstract]
Income (loss) before income taxes, Domestic	$ 273,287,000	$ 241,029,000	$ (733,915,000)
Income (loss) before income taxes, Foreign	$ 597,679,000	$ 344,054,000	$ (361,053,000)
Effective tax rate	23.20%	29.90%	3.20%
Effective income tax rate excluding settlements			28.60%
Favorable tax audit settlements net			$ 21,672,000
Reduction in deferred tax valuation allowance	$ 76,055,000
Valuation allowance impacted effective tax rate	64,215,000
Valuation allowance not impacted effective tax rate	11,840,000
Increase in valuation allowance related to the translation impact of foreign currency exchange rates	55,404,000
Net operating loss carry forward	1,333,787,000
Operating loss carry forward, subject to expiration	37,065,000
Operating loss carry forward, not subject to expiration	$ 1,007,502,000
Range of expiration dates	2014 to 2031
Unrecognized tax benefits	$ 175,151,000	$ 132,828,000	$ 135,891,000
Foreign net operating loss carry forward	289,220,000
Recognized tax benefits	111,299,000	88,811,000
Accrued interest expense and penalties	24,640,000	$ 18,308,000
Tax contingencies settled	$ 23,000,000
Effective tax rate excluding impact of release of valuation allowance	30.60%

Pension and Retirement Plans (Details) - USD ($)	12 Months Ended
Pension and Retirement Plans (Details) - USD ($)	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Changes in benefit obligations:
Service cost	$ 23,874,000		$ 16,205,000
Interest cost	13,918,000	$ 15,748,000	18,175,000
Change in plan assets:
Company's net contribution in pension plans	500,000	41,750,000
Amounts recognized in accumulated other comprehensive income:
Unrecognized net actuarial loss	147,311,000
Unamortized prior service credit	14,431,000
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss).	31,987,000	50,502,000	42,948,000
Pension Plans [Member]
Changes in benefit obligations:
Benefit obligations at beginning of year	276,938,000	263,324,000
Service cost	23,874,000
Interest cost	13,918,000	15,748,000
Plan amendments		34,000,000
Actuarial loss	5,168,000	19,591,000
Benefits paid	(22,371,000)	(55,725,000)
Benefit obligations at end of year	297,527,000	276,938,000	263,324,000
Change in plan assets:
Fair value of plan assets at beginning of year	278,964,000	258,931,000
Actual return on plan assets	67,659,000	34,008,000
Benefits paid	(22,371,000)	(55,725,000)
Company's net contribution in pension plans	500,000	41,750,000
Fair value of plan assets at end of year	324,752,000	278,964,000	$ 258,931,000
Funded status of the plan recognized as a non-current asset (liability)	27,225,000	2,026,000
Amounts recognized in accumulated other comprehensive income:
Unrecognized net actuarial loss	147,311,000	191,180,000
Unamortized prior service credit	(14,431,000)	(16,306,000)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans	132,880,000	174,874,000
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net actuarial loss	(34,931,000)	15,720,000
Prior service cost (credit)		34,000,000
Amortization of net actuarial loss	(8,938,000)	(5,687,000)
Amortization of prior service credit	1,875,000	4,884,000
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss).	$ (41,994,000)	$ 48,917,000
Weighted average assumptions used to calculate actuarial present values of benefit obligations
Discount rate	5.25%	5.25%
Weighted average assumptions used to determine net benefit costs
Discount rate	5.25%	6.25%
Target rate of return on pension plan	8.50%	9.00%

Pension and Retirement Plans (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Components of net periodic pension costs
Service cost	$ 23,874		$ 16,205
Interest cost	13,918	$ 15,748	18,175
Expected return on plan assets	(27,560)	(30,137)	(26,539)
Recognized net actuarial loss	8,938	5,687	2,325
Amortization of prior service credit	(1,875)	(4,884)
Net periodic pension cost	17,295	$ (13,586)	$ 10,166
Estimated future benefit payments
2012	26,463
2013	20,405
2014	20,619
2015	19,258
2016	20,625
2016 through 2021	$ 112,041
Plan's assets are held in trust and were allocated
Equity securities	76.00%	74.00%
Debt securities	24.00%	25.00%
Cash and receivables	0.00%	1.00%

Pension and Retirement Plans (Details Textuals) - USD ($)	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 30, 2011
Pension And Retirement Plans (Textuals) [Abstract]
Minimum hours of service required to participate in the Pension plan during first year of service	1,000
Defined benefit plan description of plan amendment	The Plan was amended effective July 1, 2010 to resume future accruals for compensation paid by the Company on or after July 1, 2010. The pension accrual formula was similar in structure to the formula that was frozen as of July 1, 2009. The Plan changes effected by this amendment were as follows: • an age-related contribution crediting schedule ranging from 4% to 16% of pension-eligible compensation • interest credits on post-July 1, 2010 pension accruals of 4% per year • inclusion of overtime pay in pension-eligible compensation • increase of the cap on pension-eligible compensation from $100,000 to the statutory limit • change in the actuarial factor basis used to convert account balances to annuity payment forms.
Increase of benefit obligation		$ 34,000,000
Amortization of prior service credit		11 years
Unrecognized actuarial gain losses	$ 147,311,000
Unrecognized actuarial losses expected to be recognized in net periodic pension cost	9,680,000
Unrecognized prior service credit in net periodic pension cost	14,431,000
Unrecognized prior service credit Expected to be recognized net periodic pension cost	1,875,000
Company's net contribution in pension plans	$ 500,000	$ 41,750,000
Voluntary contribution by the company		$ 34,000,000
Target rate of return on pension plan	8.50%
Target allocation percentage of investments equity securities	76.00%
Target allocation percentage of investments equity securities, Minimum	60.00%
Target allocation percentage of investments equity securities, Maximum	92.00%
US Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets			$ 194,300,000
US Government Agencies Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets			76,500,000
International Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets			51,900,000
Cash And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets			$ 2,000,000

Long-term leases (Details) - USD ($) $ in Thousands	12 Months Ended
Long-term leases (Details) - USD ($) $ in Thousands	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Rent expense charged to operations
Rent expense charged to operations, Total	$ 86,703	$ 64,487	$ 64,382
Buildings [Member]
Rent expense charged to operations
Rent expense charged to operations, Total	78,371	59,047	58,213
Equipment [Member]
Rent expense charged to operations
Rent expense charged to operations, Total	$ 8,332	$ 5,440	$ 6,169

Long Term Leases (Details 1) $ in Thousands	Jul. 02, 2011 USD ($)
Minimum operating lease commitments, principally for buildings
2012	$ 92,376
2013	73,517
2014	46,800
2015	28,933
2016	20,560
Thereafter	42,421
Total	$ 304,607

Stock Based Compensation Plans (Details)	12 Months Ended
Stock Based Compensation Plans (Details)	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Volatility assumption on the basis of Avnet's Stock
Expected term (years)	6.00	6.00	5.75
Risk-free interest rate	1.80%	3.00%	3.40%
Weighted average volatility	33.70%	34.30%	30.70%
Dividend yield	0.00%	0.00%	0.00%

Stock Based Compensation Plans (Details 1)	12 Months Ended
Stock Based Compensation Plans (Details 1)	Jul. 02, 2011 $ / shares shares
Summary of the changes in outstanding options
Shares Underlying Options Outstanding at July 3, 2010 \| shares	3,530,118
Weighted Average Exercise Price per Share Outstanding at July 3, 2010 \| $ / shares	$ 21.06
Weighted Average Remaining Contractual Term Vested at July 3, 2010	56
Shares Underlying Options Granted \| shares	382,612
Weighted Average Exercise Price per Share Granted \| $ / shares	$ 24.41
Weighted Average Remaining Contractual Term Granted	109
Shares Underlying Options Exercised \| shares	(751,396)
Weighted Average Exercise Price per Share Exercised \| $ / shares	$ 18.69
Weighted Average Remaining Contractual Term Exercised	20
Shares Underlying Options Forfeited or Expired \| shares	(102,119)
Weighted Average Exercise Price per Share Forfeited or Expired \| $ / shares	$ 29.35
Weighted Average Remaining Contractual Term Forfeited or Expired	18
Shares Underlying Options Outstanding at July 2, 2011 \| shares	3,059,215
Weighted Average Exercise Price per Share Outstanding at July 2, 2011 \| $ / shares	$ 21.79
Weighted Average Remaining Contractual Term Vested at July 2, 2011	59
Shares Underlying Options Exercisable at July 2, 2011 \| shares	2,139,921
Weighted Average Exercise Price per Share Exercisable at July 2, 2011 \| $ / shares	$ 19.99
Weighted Average Remaining Contractual Term Exercisable at July 2, 2011	42

Stock Based Compensation Plans (Details 2)	12 Months Ended
Stock Based Compensation Plans (Details 2)	Jul. 02, 2011 $ / shares shares
Summary of the changes in non-vested stock options
Shares Underlying Options Outstanding at July 3, 2010	3,530,118
Shares Underlying Options Granted	382,612
Shares Underlying Options Forfeited	(102,119)
Shares Underlying Options Outstanding at July 2, 2011	3,059,215
Non Vested [Member]
Summary of the changes in non-vested stock options
Shares Underlying Options Outstanding at July 3, 2010	881,556
Weighted Average Grant-Date Fair Value At July 3, 2010 \| $ / shares	$ 10.40
Shares Underlying Options Granted	382,612
Weighted-average grant-date fair values of stock options granted \| $ / shares	$ 8.72
Shares Underlying Options Vested	(330,200)
Weighted-average grant-date fair values of stock options Vested \| $ / shares	$ 10.37
Shares Underlying Options Forfeited	(14,674)
Weighted-average grant-date fair values of stock options forfeited \| $ / shares	$ 11.67
Shares Underlying Options Outstanding at July 2, 2011	919,294
Weighted Average Grant-Date Fair Value At July 2, 2011 \| $ / shares	$ 9.69

Stock Based Compensation Plans (Details 3)	12 Months Ended
Stock Based Compensation Plans (Details 3)	Jul. 02, 2011 $ / shares shares
Summary of the changes in non-vested incentive shares
Shares Underlying Incentive Shares Non-vested at July 3, 2010 \| shares	1,258,054
Weighted Average Grant - Date Fair Value Price per Share Non - vested at July 3, 2010 \| $ / shares	$ 26.57
Shares Underlying Incentive Shares Granted in Non - vested \| shares	817,965
Weighted Average Grant - Date Fair Value Price per Share Non - vested of Granted \| $ / shares	$ 25.40
Shares Underlying Incentive Shares Vested in Non - vested \| shares	(623,333)
Weighted Average Grant - Date Fair Value Price per Share of Vested \| $ / shares	$ 25.53
Shares Underlying Incentive Shares Forfeited in Non - vested \| shares	(37,902)
Weighted Average Grant - Date Fair Value Price per Share of Forfeited Non-vested \| $ / shares	$ 26.24
Shares Underlying Incentive Shares Non-vested at July 2, 2011 \| shares	1,414,784
Weighted Average Grant - Date Fair Value Price per Share Non - vested at July 2, 2011 \| $ / shares	$ 26.47

- Definition

The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References + Details

Stock Based Compensation Plans (Details Textuals) - USD ($)	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance shares granted	817,965
Authorized repurchase of common stock under Share Repurchase Program	$ 500,000,000
Stock Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	6,694,816
Common stock of shares reserved for stock option and stock incentive plans	12,074,232
Non Vested [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair values of stock options granted	$ 8.72
Total fair value of shares vested	$ 3,425,000	$ 3,293,000	$ 5,555,000
Total unrecognized compensation cost related to non vested stock options	$ 8,910,000
Weighted average period for expected recognition of compensation cost	3.2
Cash received from option exercise	$ 3,506,000	4,134,000	563,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense	$ 3,499,000	$ 3,558,000	$ 4,245,000
Weighted-average grant-date fair values of stock options granted	$ 8.72	$ 9.58	$ 10.21
Intrinsic values of share options outstanding	$ 0
Intrinsic values of share options exercisable		$ 0
Total Intrinsic values of share options outstanding or exercisable for the period			$ 3,000
Contractual life of stock options under 2010 plan	10 years
Percentage of fair market value at the date of grant	100.00%
Percentage of stock option vest under 2010 plan	25% on each anniversary of the grant date
Incentive Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense	$ 17,008,000	14,614,000	14,883,000
Fair value of shares vested	15,916,000	14,301,000	12,588,000
Total unrecognized compensation cost related to non vested stock options	$ 33,961,000
Weighted average period for expected recognition of compensation cost	2.7
Contractual life of share-based compensation plan	5 years
Shares previously awarded have not yet been delivered	1,414,784
Performance Share Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense	$ 7,374,000	$ 9,171,000	$ (1,819,000)
Contractual life of share-based compensation plan	3 years
Performance shares granted	380,200	242,390	246,650
Forfeited share	22,530
Performance goals range, minimum	0.00%	0.00%	0.00%
Performance goals range, maximum	200.00%	200.00%	100.00%
Anticipated issuing shares	227,285
Outside Director Stock Bonus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense	$ 1,050,000	$ 1,020,000	$ 960,000
Stock Based Compensation Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense	$ 28,931,000	$ 28,363,000	$ 18,269,000
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock equal to market value	95.00%
Common stock issued under the ESPP program	62,329	67,168	100,206

Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jul. 02, 2011

Apr. 02, 2011

Jan. 01, 2011

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Jan. 02, 2010

Oct. 03, 2009

Jul. 02, 2011

Jul. 03, 2010

Jun. 27, 2009

Numerator:

Net income (loss)

$ 238,800

$ 151,000

$ 141,000

$ 138,200

$ 141,100

$ 114,500

$ 103,900

$ 50,900

$ 669,069

$ 410,370

$ (1,129,712)

Denominator:

Weighted average common shares for basic earnings (loss) per share

152,481,000

151,629,000

150,898,000

Net effect of dilutive stock options and performance share awards

1,856,000

1,464,000

Weighted average common shares for diluted earnings per share

154,337,000

153,093,000

150,898,000

Basic earnings (loss) per share

$ 4.39

$ 2.71

$ (7.49)

^[1]

Diluted earnings (loss) per share

$ 1.54

$ 0.98

$ 0.91

$ 0.90

$ 0.92

$ 0.75

$ 0.68

$ 0.33

$ 4.34

$ 2.68

$ (7.49)

^[1]

Earnings Per Share (Textuals) [Abstract]

Options to purchase shares of stock

238,000

700,000

Earnings per share reconciliation disclosure

For fiscal 2009, dilutive effects of stock options, stock awards and shares issuable upon conversion of the Company's 2% Convertible Debentures were excluded from the computation of earnings per diluted share because the Company recognized a net loss and inclusion of these items would have had an anti-dilutive effect. The Convertible Debentures were repaid in March 2009.

[1]	As adjusted for the retrospective application of an accounting standard. See Note 1 to the consolidated financial statements.

Additional Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Other non-cash and reconciling items
Provision for doubtful accounts	$ 39,255	$ 33,825	$ 32,777
Periodic pension (income) costs (Note 10)	17,295	(13,586)	10,166
Other, net	296	(4,854)	(4,529)
Total	56,846	15,385	38,414
Interest and income taxes paid
Interest	91,946	60,556	66,895
Income taxes	$ 158,372	$ 92,565	$ 126,010

- Definition

The amount of pension benefit costs recognized during the period for (1) defined benefit plans and (2) defined contribution plans. For defined benefit plans, pension expense includes the following components: service cost, interest cost, expected return on plan assets, gain (loss) on plan assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. For defined contribution plans, the pension expense generally equals the firm's contribution to employees' accounts (if the firm contributes) during the period.

+ References + Details

Additional Cash Flow Information (Details 1) - USD ($)	12 Months Ended
Additional Cash Flow Information (Details 1) - USD ($)	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Additional cash flow information (Textuals) [Abstract]
Adjustment to pension liabilities	$ 31,987,000	$ 50,502,000	$ 42,948,000
Net of related deferred tax benefit in other comprehensive income	12,022,000	19,287,000	16,767,000
Noncash or Part Noncash Acquisition, Debt Assumed	420,259,000	5,858,000	146,831,000
Assumed liabilities as a result of acquisitions	$ 509,812,000	$ 35,913,000	$ 261,434,000

- Definition

Amounts recognized in other comprehensive income (but not yet recognized in net periodic benefit cost), including the net gain (loss) and net prior service cost (credit) arising during the period. Also includes reclassification adjustments out of other comprehensive income as a result of being recognized as components of net periodic benefit cost for the period. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph C3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 22, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 2
-Subparagraph (h)-(j)
-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Segment information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
Segment information (Details) - USD ($) $ in Thousands	Jul. 02, 2011	Apr. 02, 2011	Jan. 01, 2011	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Jan. 02, 2010	Oct. 03, 2009	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Sales:
Sales	$ 6,912,100	$ 6,672,400	$ 6,767,500	$ 6,182,400	$ 5,213,800	$ 4,756,800	$ 4,834,500	$ 4,355,000	$ 26,534,413	$ 19,160,172	$ 16,229,896
Operating income (loss):
Operating income (loss) Before restructuring Charges									1,007,200	661,000	491,400
Impairment charges (Note 6)									0	0	1,411,127
Restructuring, integration and other charges (Note 17)	(7,300)	(16,300)	(29,100)	(28,100)		(7,300)		(18,100)	(77,176)	(25,419)	(99,342)
Operating income (loss)									929,979	635,600	(1,018,998)
Assets:
Total assets	9,905,569				7,782,382				9,905,569	7,782,382	6,273,500
Capital expenditures:
Purchases of property, plant and equipment									148,707	66,888	110,219
Depreciation & amortization expense:
Depreciation and amortization									81,389	60,643	65,781
Sales, by geographic area, are as follows:
Sales	6,912,100	$ 6,672,400	$ 6,767,500	$ 6,182,400	5,213,800	$ 4,756,800	$ 4,834,500	$ 4,355,000	26,534,413	19,160,172	16,229,896
Property, plant and equipment, net, by geographic area:
Property, plant and equipment, net	419,173				302,583				419,173	302,583	305,700
Americas [Member]
Sales:
Sales									11,518,500	8,367,300	7,572,200
Sales, by geographic area, are as follows:
Sales									11,518,500	8,367,300	7,572,200
Property, plant and equipment, net, by geographic area:
Property, plant and equipment, net	242,500				182,200				242,500	182,200	183,900
EMEA [Member]
Sales:
Sales									8,393,400	5,948,300	5,268,400
Sales, by geographic area, are as follows:
Sales									8,393,400	5,948,300	5,268,400
Property, plant and equipment, net, by geographic area:
Property, plant and equipment, net	150,600				98,500				150,600	98,500	101,300
Asia/Pacific [Member]
Sales:
Sales									6,622,500	4,844,600	3,389,300
Sales, by geographic area, are as follows:
Sales									6,622,500	4,844,600	3,389,300
Property, plant and equipment, net, by geographic area:
Property, plant and equipment, net	26,100				21,900				26,100	21,900	20,500
Electronics Marketing [Member]
Sales:
Sales									15,066,200	10,966,800	9,192,800
Operating income (loss):
Operating income (loss) Before restructuring Charges									832,500	491,600	354,500
Assets:
Total assets	5,890,900				4,441,800				5,890,900	4,441,800	3,783,400
Capital expenditures:
Purchases of property, plant and equipment									69,800	30,100	61,100
Depreciation & amortization expense:
Depreciation and amortization									28,300	24,600	26,800
Sales, by geographic area, are as follows:
Sales									15,066,200	10,966,800	9,192,800
Technology Solutions [Member]
Sales:
Sales									11,468,200	8,193,400	7,037,100
Operating income (loss):
Operating income (loss) Before restructuring Charges									286,700	251,700	201,400
Assets:
Total assets	3,765,200				2,553,800				3,765,200	2,553,800	2,036,800
Capital expenditures:
Purchases of property, plant and equipment									57,400	17,200	38,500
Depreciation & amortization expense:
Depreciation and amortization									30,000	15,700	18,300
Sales, by geographic area, are as follows:
Sales									11,468,200	8,193,400	7,037,100
Corporate [Member]
Operating income (loss):
Operating income (loss) Before restructuring Charges									(112,000)	(82,300)	(64,500)
Assets:
Total assets	$ 249,500				$ 786,800				249,500	786,800	453,300
Capital expenditures:
Purchases of property, plant and equipment									21,500	19,600	10,600
Depreciation & amortization expense:
Depreciation and amortization									$ 23,100	$ 20,300	$ 20,700

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
Segment Information (Details 1) - USD ($) $ in Thousands	Jul. 02, 2011	Apr. 02, 2011	Jan. 01, 2011	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Jan. 02, 2010	Oct. 03, 2009	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Company's approximate sales of major product categories
Sales	$ 6,912,100	$ 6,672,400	$ 6,767,500	$ 6,182,400	$ 5,213,800	$ 4,756,800	$ 4,834,500	$ 4,355,000	$ 26,534,413	$ 19,160,172	$ 16,229,896
Semiconductors [Member]
Company's approximate sales of major product categories
Sales									14,149,300	10,098,700	8,324,000
Computer Products [Member]
Company's approximate sales of major product categories
Sales									10,284,600	7,302,800	6,393,400
Connectors [Member]
Company's approximate sales of major product categories
Sales									1,041,400	841,400	735,200
Passives, electromechanical and other [Member]
Company's approximate sales of major product categories
Sales									$ 1,059,100	$ 917,300	$ 777,300

Segment Information (Details Textuals)	3 Months Ended								12 Months Ended
Segment Information (Details Textuals)	Jul. 02, 2011 USD ($)	Apr. 02, 2011 USD ($)	Jan. 01, 2011 USD ($)	Oct. 02, 2010 USD ($)	Jul. 03, 2010 USD ($)	Apr. 03, 2010 USD ($)	Jan. 02, 2010 USD ($)	Oct. 03, 2009 USD ($)	Jul. 02, 2011 USD ($)	Jul. 03, 2010 USD ($)	Jun. 27, 2009 USD ($)
Segment Reporting Information [Line Items]
Number of Business Segments									2
Sales	$ 6,912,100,000	$ 6,672,400,000	$ 6,767,500,000	$ 6,182,400,000	$ 5,213,800,000	$ 4,756,800,000	$ 4,834,500,000	$ 4,355,000,000	$ 26,534,413,000	$ 19,160,172,000	$ 16,229,896,000
Property, plant and equipment, net	419,173,000				302,583,000				419,173,000	302,583,000	305,700,000
United States [Member]
Segment Reporting Information [Line Items]
Sales									10,000,000,000	7,600,000,000	6,800,000,000
Property, plant and equipment, net	231,300,000				178,200,000				231,300,000	178,200,000	179,600,000
Germany and Taiwan [Member]
Segment Reporting Information [Line Items]
Sales									3,100,000,000	2,100,000,000	1,800,000,000
Property, plant and equipment, net	92,800,000				48,000,000				92,800,000	48,000,000	41,400,000
United kingdom [Member]
Segment Reporting Information [Line Items]
Sales									1,700,000,000	1,100,000,000	1,000,000,000
Property, plant and equipment, net	16,400,000				13,400,000				16,400,000	13,400,000	26,800,000
Taiwan [Member]
Segment Reporting Information [Line Items]
Sales									1,800,000,000	1,300,000,000	966,900,000,000
China [Member]
Segment Reporting Information [Line Items]
Sales									2,400,000,000	2,000,000,000	1,300,000,000
Singapore [Member]
Segment Reporting Information [Line Items]
Sales									1,200,000,000	1,000,000,000	752,900,000,000
Belgium [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment, net	$ 23,400,000				$ 20,400,000				23,400,000	20,400,000	24,200,000
Electronics Marketing [Member]
Segment Reporting Information [Line Items]
Sales									15,066,200,000	10,966,800,000	9,192,800,000
Approximate unallocated pre-tax impairment charges and restructuring, integration and other items related to segments									27,879,000	14,701,000	1,116,335,000
Technology Solutions [Member]
Segment Reporting Information [Line Items]
Sales									11,468,200,000	8,193,400,000	7,037,100,000
Approximate unallocated pre-tax impairment charges and restructuring, integration and other items related to segments									$ 38,146,000	$ 10,579,000	$ 389,561,000

Restructuring, integration and other charges (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						12 Months Ended
	Jul. 02, 2011	Apr. 02, 2011	Jan. 01, 2011	Oct. 02, 2010	Apr. 03, 2010	Oct. 03, 2009	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Charges related to the acquisition and integration activities
Restructuring charges							$ 47,763	$ 15,991	$ 84,976
Integration costs							25,068	2,931	11,160
Acquisition costs							15,597
Reversal of excess prior year restructuring reserves	$ (3,600)		$ (3,500)		$ (1,300)		(6,076)	(3,241)	(2,514)
Value-added tax exposure					6,500			6,477
Prior year acquisition adjustments							(5,176)		(1,201)
Loss on investment									3,091
Incremental amortization									3,830
Other								3,261
Restructuring, Integration and Other Charges	7,300	$ 16,300	29,100	$ 28,100	7,300	$ 18,100	77,176	25,419	99,342
Restructuring, integration and other charges, after tax	$ 5,800	$ 11,900	$ 20,800	$ 20,200	$ 5,600	$ 13,200	$ 56,169	$ 18,789	$ 65,310
Restructuring , integration and other charges per share on a diluted basis	$ 0.04	$ 0.08	$ 0.14	$ 0.13	$ 0.04	$ 0.09	$ 0.36	$ 0.12	$ 0.43

Restructuring, integration and other charges (Details 1)	12 Months Ended
	Jul. 02, 2011 USD ($)
Activity related to the restructuring reserves
Cash payments	$ 462,000
Adjustments	2,258,000
Restructuring Reserve, Ending Balance	2,827,000
Fiscal 2011 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	47,673,000
Cash payments	(25,580,000)
Non-cash write downs	(3,329,000)
Adjustments	(865,000)
Other, principally foreign currency translation	1,146,000
Restructuring Reserve, Ending Balance	19,135,000
Fiscal 2010 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	3,780,000
Cash payments	(1,122,000)
Adjustments	(626,000)
Other, principally foreign currency translation	183,000
Restructuring Reserve, Ending Balance	2,215,000
Fiscal 2009 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	20,690,000
Cash payments	(9,397,000)
Adjustments	(6,183,000)
Other, principally foreign currency translation	788,000
Restructuring Reserve, Ending Balance	5,898,000
Severance Reserves [Member] \| Fiscal 2011 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	28,584,000
Cash payments	(19,142,000)
Adjustments	(293,000)
Other, principally foreign currency translation	654,000
Restructuring Reserve, Ending Balance	9,803,000
Severance Reserves [Member] \| Fiscal 2010 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	539,000
Cash payments	(400,000)
Adjustments	(144,000)
Other, principally foreign currency translation	22,000
Restructuring Reserve, Ending Balance	17,000
Severance Reserves [Member] \| Fiscal 2009 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	1,920,000
Cash payments	(1,432,000)
Adjustments	(319,000)
Other, principally foreign currency translation	130,000
Restructuring Reserve, Ending Balance	299,000
Facility Exit Costs [Member] \| Fiscal 2011 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	17,331,000
Cash payments	(5,651,000)
Non-cash write downs	(3,278,000)
Adjustments	(349,000)
Other, principally foreign currency translation	241,000
Restructuring Reserve, Ending Balance	8,294,000
Facility Exit Costs [Member] \| Fiscal 2010 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	1,405,000
Cash payments	(279,000)
Adjustments	(903,000)
Other, principally foreign currency translation	9,000
Restructuring Reserve, Ending Balance	232,000
Facility Exit Costs [Member] \| Fiscal 2009 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	17,136,000
Cash payments	(7,551,000)
Adjustments	(4,161,000)
Other, principally foreign currency translation	175,000
Restructuring Reserve, Ending Balance	5,599,000
Other [Member] \| Fiscal 2011 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	1,848,000
Cash payments	(787,000)
Non-cash write downs	(51,000)
Adjustments	(223,000)
Other, principally foreign currency translation	251,000
Restructuring Reserve, Ending Balance	1,038,000
Other [Member] \| Fiscal 2010 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	1,836,000
Cash payments	(443,000)
Adjustments	421,000
Other, principally foreign currency translation	152,000
Restructuring Reserve, Ending Balance	1,966,000
Other [Member] \| Fiscal 2009 [Member]
Activity related to the restructuring reserves
Restructuring Reserve, Beginning Balance	1,634,000
Cash payments	(414,000)
Adjustments	(1,703,000)
Other, principally foreign currency translation	483,000
Restructuring Reserve, Ending Balance	$ 0

Restructuring, integration and other charges (Details Textuals)	12 Months Ended
	Jul. 02, 2011 USD ($)	Jul. 03, 2010	Jun. 27, 2009	Jun. 28, 2008
Restructuring Cost and Reserve [Line Items]
Number of employee reductions under Severance charges	550	150	1,900
Number of facilities vacated	50
Reserves related to costs and other contractual lease obligations	$ 2,827,000
Restructuring Integration and Other Charges (Textuals) [Abstract]
Amount expected to be utilized in 2012	801,000
Number of restructuring plans				4
Remaining number of restructuring plans				2
2008 and prior [Member]
Restructuring Cost and Reserve [Line Items]
Reserves related to costs and other contractual lease obligations	$ 801,000
Americas [Member]
Restructuring Cost and Reserve [Line Items]
Number of facilities vacated	23	7	29
EMEA [Member]
Restructuring Cost and Reserve [Line Items]
Number of facilities vacated	25	1	13
Asia/Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Number of facilities vacated	2	4	3
Electronics Marketing [Member]
Restructuring Cost and Reserve [Line Items]
Number of employee reductions under Severance charges			1,400
Technology Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Number of employee reductions under Severance charges			400

Summary of quarterly results (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jul. 02, 2011

Apr. 02, 2011

Jan. 01, 2011

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Jan. 02, 2010

Oct. 03, 2009

Jul. 02, 2011

Jul. 03, 2010

Jun. 27, 2009

Summary of quarterly results of Income

Sales

$ 6,912,100

$ 6,672,400

$ 6,767,500

$ 6,182,400

$ 5,213,800

$ 4,756,800

$ 4,834,500

$ 4,355,000

$ 26,534,413

$ 19,160,172

$ 16,229,896

Gross profit

824,900

786,600

773,200

723,100

645,800

582,800

551,900

499,700

3,107,805

2,280,217

2,022,993

Net income

$ 238,800

$ 151,000

$ 141,000

$ 138,200

$ 141,100

$ 114,500

$ 103,900

$ 50,900

$ 669,069

$ 410,370

$ (1,129,712)

Diluted earnings (loss) per share

$ 1.54

$ 0.98

$ 0.91

$ 0.90

$ 0.92

$ 0.75

$ 0.68

$ 0.33

$ 4.34

$ 2.68

$ (7.49)

^[1]

[1]	As adjusted for the retrospective application of an accounting standard. See Note 1 to the consolidated financial statements.

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 19

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

+ Details

Summary of quarterly results (unaudited) (Details Textuals) - USD ($)	3 Months Ended							12 Months Ended
	Jul. 02, 2011	Apr. 02, 2011	Jan. 01, 2011	Oct. 02, 2010	Apr. 03, 2010	Jan. 02, 2010	Oct. 03, 2009	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009
Summary of Quarterly Results (Textuals) [Abstract]
Restructuring, Integration and Other Charges	$ 7,300,000	$ 16,300,000	$ 29,100,000	$ 28,100,000	$ 7,300,000		$ 18,100,000	$ 77,176,000	$ 25,419,000	$ 99,342,000
Restructuring charges								47,763,000	15,991,000	84,976,000
Restructuring, integration and other charges, after tax	$ 5,800,000	$ 11,900,000	$ 20,800,000	$ 20,200,000	$ 5,600,000		$ 13,200,000	$ 56,169,000	$ 18,789,000	$ 65,310,000
Restructuring, integration and other charges, per share	$ 0.04	$ 0.08	$ 0.14	$ 0.13	$ 0.04		$ 0.09	$ 0.36	$ 0.12	$ 0.43
Reversal of restructuring integration and other charges per diluted share	$ (0.02)
Gain on bargain purchase				$ 30,990,000				$ 30,990,000
Gain on bargain purchase per share on a diluted basis				$ 0.20
Increase in Taxes related to adjustment for prior year tax return and additional tax reserves					$ 2,300,000		$ 3,100,000
Increase in Taxes Per Diluted Shares related To adjustment for prior year tax return and additional tax reserves					$ 0.02		$ 0.02
Gain on sale of equity method investments before tax					$ 3,200,000	$ 5,500,000			$ 8,751,000	$ 14,318,000
Gain on sale of equity method investments net of tax					$ 1,900,000	$ 3,400,000			$ 5,370,000	$ 8,727,000
Gain on sale of equity method investments per diluted share					$ 0.01	$ 0.02			$ 0.03	$ 0.06
Loss related to the write down of investments		$ 6,308,000						6,308,000
Loss related to the write down of investments, after tax		$ 3,900,000						$ 3,857,000
Loss related to the write down of investments, per share		$ 0.02						$ 0.02
Pre-tax for a value-added tax exposure in Europe related to an audit					$ 6,500,000				$ 6,477,000
Reversal of restructuring integration and other charges after tax	$ (2,500,000)
Pre-tax related to acquisition-related costs					2,100,000
Reversal of excess prior year restructuring reserves	(3,600,000)		$ (3,500,000)		$ (1,300,000)			$ (6,076,000)	$ (3,241,000)	$ (2,514,000)
Tax benefit related to adjustment for prior year tax return and benefit related to release of tax valuation	$ 52,700,000
Tax benefit per diluted share related to release of tax valuation	$ 0.34

Valuation And Qualifying Acccounts (Details) - USD ($)	12 Months Ended
Valuation And Qualifying Acccounts (Details) - USD ($)	Jul. 02, 2011	Jul. 03, 2010	Jun. 27, 2009	Jun. 28, 2008
Valuation and Qualifying Accounts (Textuals) [Abstract]
Valuation allowance impacted effective tax rate	$ 64,215,000
Valuation allowance not impacted effective tax rate	11,840,000
Allowance for doubtful accounts [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Additions Charged to Costs and Expenses	39,255,000	$ 33,825,000	$ 32,777,000
Additions Charged to Other Accounts - Describe	0	0	2,841,000
Deductions - Describe	(12,713,000)	(38,105,000)	(26,831,000)
Valuation Allowances and Reserves, Balance	107,739,000	81,197,000	85,477,000	$ 76,690,000
Valuation allowance on foreign tax loss carry forwards [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Additions Charged to Costs and Expenses	(76,055,000)	(1,338,000)	5,697,000
Additions Charged to Other Accounts - Describe	55,404,000	17,741,000	(34,711,000)
Valuation Allowances and Reserves, Balance	$ 310,772,000	$ 331,423,000	$ 315,020,000	$ 344,034,000