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Document and Entity Information Document - shares	9 Months Ended
Document and Entity Information Document - shares	Mar. 29, 2014	Apr. 18, 2014
Entity Information [Line Items]
Entity Registrant Name	AVNET INC
Entity Central Index Key	0000008858
Current Fiscal Year End Date	--06-28
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 29, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		138,399,637

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 29, 2014	Jun. 29, 2013
Current assets:
Cash and cash equivalents	$ 960,149	$ 1,009,343
Receivables, less allowances of $92,605 and $95,656, respectively	4,983,890	4,868,973
Inventories	2,510,352	2,264,341
Prepaid and other current assets	199,054	214,221
Total current assets	8,653,445	8,356,878
Property, plant and equipment, net	522,321	492,606
Goodwill	1,344,389	1,261,288
Intangible assets, net	197,829	172,212
Other assets	182,796	191,696
Total assets	10,900,780	10,474,680
Current liabilities:
Short-term borrowings	848,388	838,190
Accounts payable	3,207,036	3,278,152
Accrued expenses and other	709,130	705,102
Total current liabilities	4,764,554	4,821,444
Long-term debt	1,221,977	1,206,993
Other long-term liabilities	178,382	157,118
Total liabilities	6,164,913	6,185,555
Commitments and contingencies (Note 6)
Shareholders' equity:
Common stock $1.00 par; authorized 300,000,000 shares; issued 138,410,597 shares and 137,126,784 shares, respectively	138,411	137,127
Additional paid-in capital	1,343,292	1,320,901
Retained earnings	3,099,075	2,802,966
Accumulated other comprehensive income	155,900	28,895
Treasury stock at cost, 42,078 shares and 38,238 shares, respectively	(811)	(764)
Total shareholders' equity	4,735,867	4,289,125
Total liabilities and shareholders' equity	$ 10,900,780	$ 10,474,680

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 29, 2014	Jun. 29, 2013
Current assets:
Allowance for Doubtful Accounts Receivable, Current	$ 92,605	$ 95,656
Stockholders' equity:
Common Stock, Par Value	$ 1.00	$ 1.00
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	138,410,597	137,126,784
Treasury Stock, Shares	42,078	38,238

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Income Statement [Abstract]
Sales	$ 6,683,616	$ 6,298,699	$ 20,450,945	$ 18,868,221
Cost of sales	5,878,704	5,542,676	18,062,230	16,659,358
Gross profit	804,912	756,023	2,388,715	2,208,863
Selling, general and administrative expenses	593,986	561,072	1,736,689	1,656,052
Restructuring, integration and other expenses (Note 13)	26,083	27,341	66,624	89,655
Operating Income	184,843	167,610	585,402	463,156
Other income (expense), net	2,511	4,106	(1,488)	6,649
Interest expense	(25,326)	(27,341)	(80,529)	(79,029)
Gain on legal settlement, bargain purchase and other (Note 2 and 6)	2,965	0	22,102	31,350
Income before income taxes	164,993	144,375	525,487	422,126
Income tax provision	51,142	58,179	166,148	98,144
Net income	$ 113,851	$ 86,196	$ 359,339	$ 323,982
Net earnings per share:
Basic	$ 0.82	$ 0.63	$ 2.61	$ 2.34
Diluted	$ 0.81	$ 0.62	$ 2.57	$ 2.31
Shares used to compute earnings per share:
Basic	138,418	137,102	137,845	138,215
Diluted	140,179	139,015	140,015	140,316
Cash dividends paid per common share	$ 0.15	$ 0.00	$ 0.45	$ 0.00

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Net income	$ 113,851	$ 86,196	$ 359,339	$ 323,982
Other comprehensive income, net of tax:
Foreign currency translation adjustments and other	14,069	(110,447)	122,066	27,047
Pension adjustments, net	1,644	42	4,939	208
Total comprehensive income (loss)	$ 129,564	$ (24,209)	$ 486,344	$ 351,237

- 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 Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6518256

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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013
Cash flows from operating activities:
Net income	$ 359,339	$ 323,982
Non-cash and other reconciling items:
Depreciation	67,392	65,284
Amortization	33,081	23,844
Deferred income taxes	20,850	9,037
Stock-based compensation	33,896	35,923
Gain on bargain purchase (Note 2)	0	(31,350)
Other, net	54,824	57,800
Changes in (net of effects from businesses acquired):
Receivables	(55,853)	(2,897)
Inventories	(114,258)	192,244
Accounts payable	(148,825)	(175,909)
Accrued expenses and other, net	(46,541)	(68,544)
Net cash flows (used) provided by operating activities	203,905	429,414
Cash flows from financing activities:
Issuance of notes in public offering, net of issuance cost	0	349,258
Repayment of notes	(300,000)	0
Borrowings (repayments) under accounts receivable securitization program, net	230,000	(259,000)
Borrowings (repayments) of bank and other debt, net	56,658	(191,775)
Repurchases of common stock	(1,252)	(207,192)
Dividends paid on common stock	(62,009)	0
Other, net	10,390	4,499
Net cash flows provided (used) by financing activities	(66,213)	(304,210)
Cash flows from investing activities:
Purchases of property, plant and equipment	(81,232)	(75,415)
Acquisitions of businesses, net of cash acquired (Note 2)	(116,882)	(244,062)
Cash proceeds from divestiture, net of cash divested	0	3,613
Other, net	4,058	289
Net cash flows used by investing activities	(194,056)	(315,575)
Effect of exchange rate changes on cash and cash equivalents	7,170	4,431
Cash and cash equivalents:
-- (decrease)	(49,194)	(185,940)
-- at beginning of period	1,009,343	1,006,864
-- at end of period	$ 960,149	$ 820,924

Basis of presentation and new accounting pronouncements	9 Months Ended
Basis of presentation and new accounting pronouncements	Mar. 29, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation and new accounting pronouncements	Basis of presentation and new accounting pronouncements In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments necessary to present fairly Avnet, Inc. and its consolidated subsidiaries (the "Company" or "Avnet") financial position, results of operations, comprehensive income and cash flows. All such adjustments are of a normal recurring nature. The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Actual results may differ from these estimates. Interim results of operations are not necessarily indicative of the results to be expected for the full fiscal year. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2013. Certain prior-period amounts have been reclassified to conform to the current-period presentation. New accounting pronouncements In July 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"). ASU 2013-11 requires the netting of unrecognized tax benefits ("UTBs") against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax positions. UTBs are required to be netted against all available same-jurisdiction loss or other tax carryforwards, rather than only against carryforwards that are created by the UTBs. ASU 2013-11 is effective for years, including interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-11 in the first quarter of fiscal 2015 is not expected to have a material impact on the Company's consolidated financial statements.

Acquisitions and divestitures

9 Months Ended

Mar. 29, 2014

Business Combinations [Abstract]

Acquisitions and divestitures

During the first nine months of fiscal 2014, the Company completed three acquisitions with historical annualized sales of approximately $490 million. Cash paid for acquisitions during the first nine months of fiscal 2014 was $116.9 million, net of cash acquired and contingent consideration. The Company has not disclosed the pro-forma impact of the fiscal 2014 acquisitions as such impact was not material.

The aggregate consideration for the acquisitions was $219.7 million, which consisted of the following (in thousands):



Cash paid	$	181,645
Contingent consideration	38,081
Total	$	219,726

The contingent consideration arrangements stipulate that the Company pay up to a maximum of approximately $50 million of additional consideration to the former shareholders of the acquired businesses based upon the achievement of certain future operating results. The Company estimated the fair value of the contingent consideration using an income approach, which is based on significant inputs, primarily forecasted future operating results of the acquired businesses, not observable in the market and thus represents a Level 3 measurement as defined in ASC 820. The Company adjusts the fair value of contingent consideration as a result of the passage of time and if there are changes to the inputs used in the income approach.

The Company has not yet completed its evaluation and determination of the fair value of certain assets and liabilities acquired, primarily the final valuation and assessment of (i) amortizable intangible assets acquired, (ii) contingent consideration due to the sellers, (iii) working capital acquired and liabilities assumed, and (iv) certain income tax accounts. The Company expects these final valuations and assessments will be completed by the end of fiscal 2014, which may result in additional adjustments to the values presented in the following table:



	Preliminary Acquisition Method Values
	(Thousands)
Cash	$	64,763
Accounts receivable, net	36,216
Inventories	95,202
Other current assets	6,599
Property, plant and equipment and other non-current assets	28,155
Intangible assets	55,543
Total identifiable assets acquired	$	286,478

Accounts payable, accrued liabilities and other current liabilities	66,848
Short-term debt	45,942
Other long-term liabilities	15,149
Total identifiable liabilities assumed	$	127,939
Net identifiable assets acquired	158,539
Goodwill	61,187
Net assets acquired	$	219,726

Goodwill of $50.6 million was assigned to the Electronics Marketing ("EM") reportable segment and goodwill of $10.6 million was assigned to the Technology Solutions ("TS") reportable segment. The goodwill recognized is attributable primarily to expected synergies of the acquired businesses. The amount of goodwill that is expected to be deductible for income tax purposes is not material. The Company periodically adjusts the value of goodwill to reflect changes that occur as a result of adjustments to the preliminary purchase price allocation during the measurement periods following the dates of acquisition.

The Company has recognized restructuring, integration, and other expenses associated with fiscal 2014 and other recent acquisitions, which are described further in Note 13.

Gain on bargain purchase and other

During the first quarter of fiscal 2013, the Company acquired Internix, Inc., a company publicly traded on the Tokyo Stock Exchange, through a tender offer. After assessing the assets acquired and liabilities assumed, the consideration paid was below book value even though the price paid per share represented a premium to the trading levels at that time. During the first half of fiscal 2013, the Company recognized a total gain on bargain purchase related to Internix of $33.0 million before and after tax and $0.23 per share on a diluted basis (inclusive of adjustments occurring subsequent to the first quarter of fiscal 2013).

In addition, during the second quarter of fiscal 2013, the Company divested a small business in TS Asia for which it recognized a loss of $1.7 million before and after tax and $0.01 per share on a diluted basis. The combination of this loss on divestiture and the gain on bargain purchase noted above resulted in a gain of $31.4 million for the first half of fiscal 2013.

During the first half of fiscal 2013, the Company received proceeds of $3.6 million, net of cash divested, related to the divestiture described above and the receipt of contingent consideration associated with a divestiture completed in the prior fiscal year, for which there was no gain or loss as the proceeds were applied against the contingent consideration receivable that was established at the time of sale.

Goodwill and intangible assets

9 Months Ended

Mar. 29, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets disclosures

Goodwill and intangible assets

Goodwill

The following table presents the change in the goodwill balances by reportable segment for the nine months ended March 29, 2014. Substantially all of the accumulated impairment was recognized in fiscal 2009.



	Electronics Marketing			Technology Solutions			Total
	(Thousands)
Gross goodwill	$	1,646,940		$	994,082		$	2,641,022
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at June 29, 2013	601,830			659,458			1,261,288
Additions	50,565			10,622			61,187
Adjustments	808			552			1,360
Foreign currency translation	10,567			9,987			20,554
Carrying value at March 29, 2014	$	663,770		$	680,619		$	1,344,389

Gross goodwill	$	1,708,880		$	1,015,243		$	2,724,123
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at March 29, 2014	$	663,770		$	680,619		$	1,344,389

The goodwill additions are a result of businesses acquired during the first nine months of fiscal 2014 (see Note 2) and goodwill adjustments represent the net purchase accounting adjustments for acquisitions during the related measurement periods.

Intangible Assets

The following table presents the Company’s acquired intangible assets at March 29, 2014 and June 29, 2013, respectively. These intangible assets have a weighted average life of approximately 8 years.



	March 29, 2014							June 29, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
	(Thousands)
Customer related	$	338,506	$	(145,469	)	$	193,037	$	276,107	$	(109,946	)	$	166,161
Trade name	3,147		(1,084		)	2,063		3,320		(480		)	2,840
Other	3,876		(1,147		)	2,729		4,177		(966		)	3,211
	$	345,529	$	(147,700	)	$	197,829	$	283,604	$	(111,392	)	$	172,212

Intangible asset amortization expense was $12.2 million and $8.7 million for the third quarters of fiscal 2014 and 2013, respectively, and $33.1 million and $23.8 million for the first nine months of fiscal 2014 and 2013, respectively. The following table presents the estimated future amortization expense for the remainder of fiscal 2014, the next five fiscal years and thereafter (in thousands):



Fiscal Year
Remainder of fiscal 2014	$	12,089
2015	47,762
2016	35,882
2017	31,828
2018	23,296
2019	17,473
Thereafter	29,499
Total	$	197,829

- 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

9 Months Ended

Mar. 29, 2014

Debt Disclosure [Abstract]

External financing

Short-term debt consists of the following:



	March 29, 2014		June 29, 2013
	(Thousands)
Bank credit facilities	$	257,237	$	177,118
Accounts receivable securitization program	590,000		360,000
5.875% Notes due March 15, 2014	—		299,950
Other debt due within one year	1,151		1,122
Short-term debt	$	848,388	$	838,190

Bank credit facilities consist of various committed and uncommitted lines of credit and other forms of bank debt 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 3.6% and 4.3% at March 29, 2014 and June 29, 2013, respectively.

In August 2013, the Company amended and extended 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 $800.0 million in eligible receivables while retaining a subordinated interest in a portion of the receivables. The Program does not qualify for sale accounting treatment and, as a result, any borrowings under the Program are recorded as debt on the consolidated balance sheets. The Program contains certain covenants, all of which the Company was in compliance with as of March 29, 2014. The Program has a one-year term that expires in August 2014. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread of 0.35%. The facility fee is 0.35%.

In March 2014, the Company redeemed the $300.0 million of outstanding 5.875% Notes due March 15, 2014 upon their maturity.

Long-term debt consists of the following:



	March 29, 2014			June 29, 2013
	(Thousands)
6.000% 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
4.875% Notes due December 1, 2022	350,000			350,000
2012 Credit Facility	20,000			6,700
Other long-term debt	4,163			2,879
Long-term debt before discount	1,224,163			1,209,579
Discount on notes	(2,186		)	(2,586		)
Long-term debt	$	1,221,977		$	1,206,993

The Company has a five-year $1.0 billion senior unsecured revolving credit facility (the "2012 Credit Facility") with a syndicate of banks that expires in November 2016. Under the 2012 Credit Facility, the Company may select from various interest rate options, currencies and maturities. The 2012 Credit Facility contains certain covenants, all of which the Company was in compliance with as of March 29, 2014. At March 29, 2014, there were $20.0 million in borrowings outstanding under the 2012 Credit Facility and $2.0 million in letters of credit issued, which represent a utilization of borrowing capacity but are not recorded in the consolidated balance sheets as the letters of credit are not debt. At June 29, 2013, there were $6.7 million in borrowings outstanding and $2.3 million in letters of credit issued under the 2012 Credit Facility.

At March 29, 2014, the carrying value and fair value of the Company’s total debt was $2.07 billion and $2.18 billion, respectively. At June 29, 2013, the carrying value and fair value of the Company's total debt was $2.05 billion and $2.13 billion, respectively. Fair value was estimated primarily based upon quoted market prices.

Derivative financial instruments	9 Months Ended
Derivative financial instruments	Mar. 29, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative instruments and hedging activites disclosure	Derivative financial instruments Many of the Company’s subsidiaries 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 (i.e., offsetting receivables and payables) as well as by creating offsetting positions through the use of derivative financial instruments, primarily forward foreign exchange contracts typically with maturities of less than sixty days ("economic hedges"). The Company continues to have exposure to foreign currency risks to the extent they are not hedged. The Company adjusts any economic hedges to fair value through the consolidated statements of operations primarily within "other income (expense), net." Therefore, the changes in valuation of the underlying items being economically hedged are offset by the changes in fair value of the forward foreign exchange contracts. The amounts representing the fair value of foreign exchange contracts, based upon level 2 criteria under the fair value hierarchy, are classified in the captions “other current assets” or “accrued expenses and other,” as applicable, in the accompanying consolidated balance sheets and were not material as of March 29, 2014 and June 29, 2013. The Company did not have material gains or losses related to the forward foreign exchange contracts during the first nine months and third quarters of fiscal 2014 and fiscal 2013. The Company generally does not hedge its investments 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.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Commitments and contingencies	9 Months Ended
Commitments and contingencies	Mar. 29, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Bell During fiscal 2011, the Company recognized a contingent liability for potential unpaid import duties associated with the acquisition of Bell Microproducts Inc. (“Bell”). Prior to the acquisition of Bell by Avnet, 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. The Company evaluated projected duties, interest and penalties that potentially may be imposed as a result of the audit and recognized a contingent liability of $10.0 million. Depending on the ultimate resolution of the matter with CBP, the Company estimates that the range of the potential exposure associated with the liability may be up to $73.0 million; however, the Company believes the contingent liability recorded is a reasonable estimate of the liability based upon the facts available at this time. LCD Class Action Settlement The Company filed a proof of claim in the settlement of a class action proceeding that sought damages from certain manufacturers of LCD flat panel displays. A settlement was reached in the proceedings and in the first quarter of fiscal 2014 the federal district judge overseeing the proceeding issued an order approving the distribution of settlement funds to the class claimants and the Company received an award payment of $19.1 million. In the third quarter of fiscal 2014, the federal district judge overseeing the proceedings issued an order approving a final distribution of funds and the Company received a final award payment of $3.0 million. The total award of $22.1 million is classified within "gain on legal settlement, bargain purchase and other" in the consolidated statements of operations. Other From time to time, the Company may become a party to, or be otherwise involved in various lawsuits, claims, investigations and other legal proceedings arising in the ordinary course of conducting its business. While litigation is subject to inherent uncertainties, management does not anticipate that any ongoing matters will have a material adverse effect on the Company’s financial condition, liquidity or results of operations.

Income taxes	9 Months Ended
Income taxes	Mar. 29, 2014
Income Tax Disclosure [Abstract]
Income taxes	Income taxes The Company’s effective tax rate on its income before income taxes was 31.0% in the third quarter of fiscal 2014 as compared with 40.3% in the third quarter of fiscal 2013. During the third quarter of fiscal 2014, the Company's effective tax rate was favorably impacted by the mix of income in lower tax rate jurisdictions and a lower level of increases to valuation allowances and reserves. For the first nine months of fiscal 2014 and 2013, the Company's effective tax rate was 31.6% and 23.2%, respectively. This increase in the effective tax rate was due primarily to the fiscal 2013 effective tax rate including the favorable settlement of two IRS audits for the Company and an acquired company, and a non-taxable gain on a bargain purchase, partially offset by increases to valuation allowances and reserves. Due to the reduced level of income before income taxes in the first nine months of fiscal 2013, the net favorable impact of these items on the effective tax rate was significant. The effective tax rate for the first nine months of fiscal 2013 was also favorably impacted, to a lesser extent, by the mix of income earned in lower tax rate jurisdictions. Prior to fiscal 2011, the Company had established a full valuation allowance against significant net operating loss carry-forward deferred tax assets related to a legal entity in EMEA due to, among several other factors, a history of losses in that entity. Since fiscal 2011, the Company determined that a full valuation allowance related to this entity was no longer required due to the expected continuation of improved earnings in the foreseeable future and, as a result, the Company's effective tax rate was positively impacted (decreased) from the release of portions of the valuation allowance. The Company will continue to evaluate the need for a valuation allowance against these deferred tax assets and will adjust the valuation allowance as deemed appropriate which, if reduced, could result in a significant decrease to the effective tax rate. The carrying value of the Company’s deferred tax assets is dependent upon the Company’s ability to generate sufficient future taxable income in certain tax jurisdictions and 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.

Pension plan

9 Months Ended

Mar. 29, 2014

Compensation and Retirement Disclosure [Abstract]

Pension plan

The Company has a noncontributory defined benefit pension plan (the “Plan”) for which the components of net periodic pension costs during the third quarters and nine months ended March 29, 2014 and March 30, 2013 were as follows:



	Third Quarters Ended						Nine Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	(Thousands)
Service cost	$	9,183		$	9,230		$	27,549		$	27,690
Interest cost	4,289			3,663			12,867			10,989
Expected return on plan assets	(7,727		)	(6,976		)	(23,181		)	(20,928		)
Recognized net actuarial loss	3,171			3,724			9,513			11,172
Amortization of prior service credit	(393		)	(393		)	(1,179		)	(1,179		)
Net periodic pension cost	$	8,523		$	9,248		$	25,569		$	27,744

The Company made contributions to the Plan of $30.0 million during the first nine months of fiscal 2014. The Company expects to make an additional contribution to the Plan of $10.0 million in the fourth quarter of fiscal 2014

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Mar. 29, 2014
Equity [Abstract]
Shareholders' equity	Shareholders' equity Share repurchase program In August 2012, the Company’s Board of Directors amended the Company's existing share repurchase program to authorize the repurchase of up to $750.0 million of common stock in the open market or through privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors such as price, corporate and regulatory requirements, and prevailing market conditions. During the third quarter and first nine months of fiscal 2014, the Company repurchased 31,700 shares under this program at an average market price of $39.50 per share for a total cost of $1.3 million. Since the beginning of the repurchase program through the end of the first nine months of fiscal 2014, the Company has repurchased 17,921,700 shares at an aggregate cost of $526.8 million, and $223.2 million remains available for future repurchases under the share repurchase program. Common stock dividend In February 2014, the Company's Board of Directors approved a dividend of $0.15 per common share to the shareholders of record on March 4, 2014. Dividend payments of $20.7 million were made in March 2014. During the first nine months of fiscal 2014, the Company has paid dividends of $0.45 per common share and $62.0 million in total.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings per share

9 Months Ended

Mar. 29, 2014

Earnings Per Share [Abstract]

Earnings per share



	Third Quarters Ended				Nine Months Ended
	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
	(Thousands, except per share data)
Numerator:
Net income	$	113,851	$	86,196	$	359,339	$	323,982
Denominator:
Weighted average common shares for basic earnings per share	138,418		137,102		137,845		138,215
Net effect of dilutive stock option, restricted stock and performance share awards	1,761		1,913		2,170		2,101
Weighted average common shares for diluted earnings per share	140,179		139,015		140,015		140,316

Basic earnings per share	$	0.82	$	0.63	$	2.61	$	2.34
Diluted earnings per share	$	0.81	$	0.62	$	2.57	$	2.31

For the three and nine months ended March 29, 2014 and for the three months ended March 30, 2013, none of the outstanding options were excluded from the calculation of diluted earnings per share because all of the outstanding options were dilutive. For the nine months ended March 30, 2013, 565,840 options were excluded from this calculation, because the exercise price for those options was above the average market price of the Company’s shares for those periods and inclusion of these options in the diluted earnings per share calculation would have had an anti-dilutive effect.

Additional cash flow information

9 Months Ended

Mar. 29, 2014

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

Additional cash flow information

Interest and income taxes paid in the nine months ended March 29, 2014 and March 30, 2013 were as follows:



	Nine Months Ended
	March 29, 2014		March 30, 2013
	(Thousands)
Interest paid	$	86,844	$	82,114
Income taxes paid	$	165,885	$	131,218

The Company includes book overdrafts as part of accounts payable on its consolidated balance sheets and reflects changes in such balances as part of cash flows from operating activities in its consolidated statements of cash flows.

During the nine months ended March 29, 2014, the Company had non-cash financing activities of $38.1 million related to contingent consideration in connection with acquisition activity in fiscal 2014.

Segment information

9 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

Segment information

At the beginning of fiscal 2014, the Company began excluding amortization expense associated with acquired intangible assets from the operating income of the Electronics Marketing (“EM”) and Technology Solutions (“TS”) reportable operating segments (“operating groups”) in order to measure such operating results consistent with how many technology companies measure operating performance and given that such amortization expense is non-cash in nature. As a result of this change, prior period segment information has been recast to conform to the new measure of profitability used during fiscal 2014. The change in the measure of operating group profitability did not impact the determination of the Company’s operating groups or the previously reported consolidated financial results.

At the beginning of fiscal 2014, a portion of the Company's reverse logistics operations, which was previously included in the EM operating group, was combined within the TS operating group. The Company also combined its regional computing components operations within EM and TS into a single global organization within TS. As a result of these changes, sales, operating income and assets previously reported in the EM operating group in fiscal 2013 have been included within the TS operating group in fiscal 2014. The Company does not view the amount of sales, operating income, or assets of such transferred operations to be a material change to the composition of its operating groups for financial reporting purposes. Sales related to such transferred operations reported in the EM operating group in the third quarter and first nine months of fiscal 2013 were $110.9 million and $344.6 million, respectively. The transfer of such operations between operating groups did not impact the determination of the Company’s operating groups or the previously reported consolidated financial results.



	Third Quarters Ended						Nine Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	(Thousands)
Sales:
Electronics Marketing	$	4,133,004		$	3,797,206		$	12,225,911		$	11,123,851
Technology Solutions	2,550,612			2,501,493			8,225,034			7,744,370
	$	6,683,616		$	6,298,699		$	20,450,945		$	18,868,221
Operating income (expense):
Electronics Marketing	$	193,437		$	165,023		$	540,905		$	457,117
Technology Solutions	60,887			68,616			243,703			220,400
Corporate	(30,530		)	(29,942		)	(98,126		)	(100,862		)
	223,794			203,697			686,482			576,655
Restructuring, integration and other expenses (Note 13)	(26,083		)	(27,341		)	(66,624		)	(89,655		)
Amortization of acquired intangible assets and other	(12,868		)	(8,746		)	(34,456		)	(23,844		)
	$	184,843		$	167,610		$	585,402		$	463,156
Sales, by geographic area:
Americas ⁽¹⁾	$	2,567,139		$	2,620,295		$	8,119,450		$	7,935,867
EMEA ⁽²⁾	2,160,383			1,883,007			6,105,393			5,355,124
Asia/Pacific ⁽³⁾	1,956,094			1,795,397			6,226,102			5,577,230
	$	6,683,616		$	6,298,699		$	20,450,945		$	18,868,221

_____________________


⁽¹⁾	Includes sales from the United States of $2.30 billion and $2.30 billion for the third quarters ended March 29, 2014, and March 30, 2013, respectively. Includes sales from the United States of $7.20 billion and $6.90 billion for the first nine months of fiscal 2014 and 2013, respectively.


⁽²⁾	Includes sales from Germany of $861.4 million for the third quarter ended March 29, 2014, and $2.50 billion for the first nine months of fiscal 2014. Includes sales from Germany and the United Kingdom of $736.4 million and $317.3 million, respectively, for the third quarter ended March 30, 2013, and $2.02 billion and $903.7 million, respectively, for the first nine months of fiscal 2013.

⁽³⁾

Includes sales from China (including Hong Kong) and Taiwan of $700.3 million and $605.7 million, respectively, for the third quarter ended March 29, 2014, and sales of $2.20 billion and $2.00 billion for the first nine months of fiscal 2014, respectively. Includes sales from China (including Hong Kong), Taiwan, and Singapore of $561.6 million, $563.2 million and $282.7 million, respectively, for the third quarter ended March 30, 2013, and $1.80 billion, $1.73 billion and $858.6 million, respectively, for the first nine months of fiscal 2013.



	March 29, 2014		June 29, 2013
	(Thousands)
Assets:
Electronics Marketing	$	6,596,057	$	6,316,326
Technology Solutions	4,108,383		3,838,421
Corporate	196,340		319,933
	$	10,900,780	$	10,474,680
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	289,306	$	282,986
EMEA ⁽²⁾	203,125		177,908
Asia/Pacific	29,890		31,712
	$	522,321	$	492,606

_____________________


⁽¹⁾	Includes property, plant and equipment, net, of $281.0 million and $273.4 million as of March 29, 2014 and June 29, 2013, respectively, in the United States.


⁽²⁾	Includes property, plant and equipment, net, of $98.7 million and $62.8 million in Germany and Belgium, respectively, as of March 29, 2014 and $92.7 million and $45.1 million in Germany and Belgium, respectively, as of June 29, 2013.

- 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
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-Name Accounting Standards Codification
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+ Details

Restructuring, integration and other charges

9 Months Ended

Mar. 29, 2014

Restructuring and Related Activities [Abstract]

Restructuring, integration and other charges

Restructuring, integration and other expenses

Fiscal 2014

During the third quarter and first nine months of fiscal 2014, the Company took certain actions in an effort to reduce future operating costs including activities necessary to achieve planned synergies from recently acquired businesses. In addition, the Company incurred integration and other costs primarily associated with acquired or divested businesses and for the consolidation of facilities. The following table presents the restructuring, integration and other expenses incurred during the third quarter and first nine months of fiscal 2014:



	Third Quarter Ended March 29, 2014		Nine Months Ended March 29, 2014
	(Thousands, except per share data)
Restructuring expenses	$	19,276	$	46,180
Integration costs	3,864		12,332
Other costs including acquisition costs	2,329		6,870
Changes in estimates for prior restructuring liabilities	614		1,242
Restructuring, integration and other expenses before tax	$	26,083	$	66,624
Restructuring, integration and other expenses after tax	$	19,275	$	49,872
Restructuring, integration and other expenses per share on a diluted basis	$	0.14	$	0.36

The activity related to the restructuring liabilities established during fiscal 2014 is presented in the following table:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Fiscal 2014 restructuring expenses	$	38,857		$	6,442		$	881		$	46,180
Cash payments	(13,839		)	(1,630		)	(9		)	(15,478		)
Non-cash amounts	(260		)	(2,591		)	(538		)	(3,389		)
Other, principally foreign currency translation	19			(6		)	10			23
Balance at March 29, 2014	$	24,777		$	2,215		$	344		$	27,336

Severance expense recorded in the first nine months of fiscal 2014 related to the reduction, or planned reduction, of over 750 employees, primarily in operations, sales and business support functions, in connection with cost reduction actions taken in both operating groups, including reductions in recently acquired businesses. Facility exit costs primarily consists of liabilities for remaining lease obligations and the impairment of long-lived assets for locations and information systems the Company has ceased using. Other restructuring costs related primarily to other miscellaneous restructuring and exit costs. Of the $46.2 million in restructuring expenses recorded during the first nine months of fiscal 2014, $32.0 million related to EM, $13.7 million related to TS and $0.5 million related to corporate business support functions. As of March 29, 2014, management expects the majority of the remaining severance, facility exit costs and other liabilities to be paid by the first quarter of fiscal 2015. During the third quarter of fiscal 2014, the Company incurred $10.3 million of severance and facility exit costs, related to the restructuring activities initiated, during the second and third quarters of fiscal 2014, but not yet completed, and expects to incur up to approximately $10.0 million to $15.0 million of additional restructuring costs through the first quarter of fiscal 2015 for such activities that are not yet completed.

Integration costs are primarily related to the integration of acquired businesses and incremental costs incurred as part of the consolidation, relocation and closure of warehouse and office facilities. Integration costs include consulting costs for IT system and business operation integration assistance, facility moving costs, legal fees, travel, meeting, marketing and communication costs that are incrementally incurred as a result of such integration activities. Also included in integration costs are incremental salary costs specific to integration, consolidation and closure activities. Other costs consists primarily of professional fees incurred for acquisitions, additional costs incurred related businesses divested or exited in prior periods, any ongoing facilities operating costs associated with the consolidation, relocation and closure of facilities once such facilities have been vacated or substantially vacated, and other miscellaneous costs that relate to restructuring, integration and other expenses. Integration and other costs in the first nine months of fiscal 2014 were comprised of many different costs, none of which were individually material.

Fiscal 2013

During fiscal 2013, the Company incurred restructuring expenses related to various restructuring actions intended to reduce costs in response to the then current market conditions. The following table presents the activity during the first nine months of fiscal 2014 related to the remaining restructuring liabilities established during fiscal 2013:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Balance at June 29, 2013	$	25,254		$	16,211		$	370		$	41,835
Cash payments	(19,501		)	(5,844		)	(1,230		)	(26,575		)
Changes in estimates, net	(2,198		)	(1,285		)	1,590			(1,893		)
Non-cash amounts	—			538			(756		)	(218		)
Other, principally foreign currency translation	197			310			151			658
Balance at March 29, 2014	$	3,752		$	9,930		$	125		$	13,807

As of March 29, 2014, management expects the majority of the remaining severance and other liabilities to be paid by the end of fiscal 2014 and the remaining facility exit cost liabilities to be paid by the end of fiscal 2018.

Fiscal 2012 and prior

As of June 29, 2013, there was $4.7 million of restructuring liabilities remaining related to restructuring actions taken in fiscal years 2012 and prior, the majority of which relates to facility exit costs. The remaining balance for such historical restructuring actions as of March 29, 2014 was $1.8 million, which is expected to be paid by the end of fiscal 2016.

Basis of presentation and new accounting pronouncements (Policies)	9 Months Ended
	Mar. 29, 2014
Basis of presentation and new accounting pronouncements [Abstract]
Basis of presentation	In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments necessary to present fairly Avnet, Inc. and its consolidated subsidiaries (the "Company" or "Avnet") financial position, results of operations, comprehensive income and cash flows. All such adjustments are of a normal recurring nature. The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Actual results may differ from these estimates. Interim results of operations are not necessarily indicative of the results to be expected for the full fiscal year. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2013. Certain prior-period amounts have been reclassified to conform to the current-period presentation.
New accounting pronouncements	New accounting pronouncements In July 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"). ASU 2013-11 requires the netting of unrecognized tax benefits ("UTBs") against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax positions. UTBs are required to be netted against all available same-jurisdiction loss or other tax carryforwards, rather than only against carryforwards that are created by the UTBs. ASU 2013-11 is effective for years, including interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-11 in the first quarter of fiscal 2015 is not expected to have a material impact on the Company's consolidated financial statements.

Acquisitions and divestitures Acquisitions and divestitures (Tables)

9 Months Ended

Mar. 29, 2014

Business Acquisition [Line Items]

Business acquistion, cost of acquired entity, description of purchase price components

The aggregate consideration for the acquisitions was $219.7 million, which consisted of the following (in thousands):



Cash paid	$	181,645
Contingent consideration	38,081
Total	$	219,726

Schedule of recognized identified assets acquired and liabilities assumed

The Company expects these final valuations and assessments will be completed by the end of fiscal 2014, which may result in additional adjustments to the values presented in the following table:



	Preliminary Acquisition Method Values
	(Thousands)
Cash	$	64,763
Accounts receivable, net	36,216
Inventories	95,202
Other current assets	6,599
Property, plant and equipment and other non-current assets	28,155
Intangible assets	55,543
Total identifiable assets acquired	$	286,478

Accounts payable, accrued liabilities and other current liabilities	66,848
Short-term debt	45,942
Other long-term liabilities	15,149
Total identifiable liabilities assumed	$	127,939
Net identifiable assets acquired	158,539
Goodwill	61,187
Net assets acquired	$	219,726

Goodwill and intangible assets (Tables)

9 Months Ended

Mar. 29, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Change in goodwill balances by reportable segment



	Electronics Marketing			Technology Solutions			Total
	(Thousands)
Gross goodwill	$	1,646,940		$	994,082		$	2,641,022
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at June 29, 2013	601,830			659,458			1,261,288
Additions	50,565			10,622			61,187
Adjustments	808			552			1,360
Foreign currency translation	10,567			9,987			20,554
Carrying value at March 29, 2014	$	663,770		$	680,619		$	1,344,389

Gross goodwill	$	1,708,880		$	1,015,243		$	2,724,123
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at March 29, 2014	$	663,770		$	680,619		$	1,344,389

Company's identifiable acquired intangible assets



	March 29, 2014							June 29, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
	(Thousands)
Customer related	$	338,506	$	(145,469	)	$	193,037	$	276,107	$	(109,946	)	$	166,161
Trade name	3,147		(1,084		)	2,063		3,320		(480		)	2,840
Other	3,876		(1,147		)	2,729		4,177		(966		)	3,211
	$	345,529	$	(147,700	)	$	197,829	$	283,604	$	(111,392	)	$	172,212

Estimated future amortization expense

The following table presents the estimated future amortization expense for the remainder of fiscal 2014, the next five fiscal years and thereafter (in thousands):



Fiscal Year
Remainder of fiscal 2014	$	12,089
2015	47,762
2016	35,882
2017	31,828
2018	23,296
2019	17,473
Thereafter	29,499
Total	$	197,829

External financing (Tables)

9 Months Ended

Mar. 29, 2014

Debt Disclosure [Abstract]

Short-term borrowings

Short-term debt consists of the following:



	March 29, 2014		June 29, 2013
	(Thousands)
Bank credit facilities	$	257,237	$	177,118
Accounts receivable securitization program	590,000		360,000
5.875% Notes due March 15, 2014	—		299,950
Other debt due within one year	1,151		1,122
Short-term debt	$	848,388	$	838,190

Long-term debt

Long-term debt consists of the following:



	March 29, 2014			June 29, 2013
	(Thousands)
6.000% 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
4.875% Notes due December 1, 2022	350,000			350,000
2012 Credit Facility	20,000			6,700
Other long-term debt	4,163			2,879
Long-term debt before discount	1,224,163			1,209,579
Discount on notes	(2,186		)	(2,586		)
Long-term debt	$	1,221,977		$	1,206,993

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: 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.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Pension plan (Tables)

9 Months Ended

Mar. 29, 2014

Compensation and Retirement Disclosure [Abstract]

Components of net periodic pension costs



	Third Quarters Ended						Nine Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	(Thousands)
Service cost	$	9,183		$	9,230		$	27,549		$	27,690
Interest cost	4,289			3,663			12,867			10,989
Expected return on plan assets	(7,727		)	(6,976		)	(23,181		)	(20,928		)
Recognized net actuarial loss	3,171			3,724			9,513			11,172
Amortization of prior service credit	(393		)	(393		)	(1,179		)	(1,179		)
Net periodic pension cost	$	8,523		$	9,248		$	25,569		$	27,744

Earnings per share (Tables)

9 Months Ended

Mar. 29, 2014

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation



	Third Quarters Ended				Nine Months Ended
	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
	(Thousands, except per share data)
Numerator:
Net income	$	113,851	$	86,196	$	359,339	$	323,982
Denominator:
Weighted average common shares for basic earnings per share	138,418		137,102		137,845		138,215
Net effect of dilutive stock option, restricted stock and performance share awards	1,761		1,913		2,170		2,101
Weighted average common shares for diluted earnings per share	140,179		139,015		140,015		140,316

Basic earnings per share	$	0.82	$	0.63	$	2.61	$	2.34
Diluted earnings per share	$	0.81	$	0.62	$	2.57	$	2.31

Additional cash flow information (Tables)

9 Months Ended

Mar. 29, 2014

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

Interest and income taxes paid

Interest and income taxes paid in the nine months ended March 29, 2014 and March 30, 2013 were as follows:



	Nine Months Ended
	March 29, 2014		March 30, 2013
	(Thousands)
Interest paid	$	86,844	$	82,114
Income taxes paid	$	165,885	$	131,218

Segment information (Tables)

9 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

Sales, operating income, assets and property,plant and equipment by operating group



	Third Quarters Ended						Nine Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	(Thousands)
Sales:
Electronics Marketing	$	4,133,004		$	3,797,206		$	12,225,911		$	11,123,851
Technology Solutions	2,550,612			2,501,493			8,225,034			7,744,370
	$	6,683,616		$	6,298,699		$	20,450,945		$	18,868,221
Operating income (expense):
Electronics Marketing	$	193,437		$	165,023		$	540,905		$	457,117
Technology Solutions	60,887			68,616			243,703			220,400
Corporate	(30,530		)	(29,942		)	(98,126		)	(100,862		)
	223,794			203,697			686,482			576,655
Restructuring, integration and other expenses (Note 13)	(26,083		)	(27,341		)	(66,624		)	(89,655		)
Amortization of acquired intangible assets and other	(12,868		)	(8,746		)	(34,456		)	(23,844		)
	$	184,843		$	167,610		$	585,402		$	463,156
Sales, by geographic area:
Americas ⁽¹⁾	$	2,567,139		$	2,620,295		$	8,119,450		$	7,935,867
EMEA ⁽²⁾	2,160,383			1,883,007			6,105,393			5,355,124
Asia/Pacific ⁽³⁾	1,956,094			1,795,397			6,226,102			5,577,230
	$	6,683,616		$	6,298,699		$	20,450,945		$	18,868,221

_____________________


⁽¹⁾	Includes sales from the United States of $2.30 billion and $2.30 billion for the third quarters ended March 29, 2014, and March 30, 2013, respectively. Includes sales from the United States of $7.20 billion and $6.90 billion for the first nine months of fiscal 2014 and 2013, respectively.


⁽²⁾	Includes sales from Germany of $861.4 million for the third quarter ended March 29, 2014, and $2.50 billion for the first nine months of fiscal 2014. Includes sales from Germany and the United Kingdom of $736.4 million and $317.3 million, respectively, for the third quarter ended March 30, 2013, and $2.02 billion and $903.7 million, respectively, for the first nine months of fiscal 2013.

⁽³⁾



	March 29, 2014		June 29, 2013
	(Thousands)
Assets:
Electronics Marketing	$	6,596,057	$	6,316,326
Technology Solutions	4,108,383		3,838,421
Corporate	196,340		319,933
	$	10,900,780	$	10,474,680
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	289,306	$	282,986
EMEA ⁽²⁾	203,125		177,908
Asia/Pacific	29,890		31,712
	$	522,321	$	492,606

_____________________


⁽¹⁾	Includes property, plant and equipment, net, of $281.0 million and $273.4 million as of March 29, 2014 and June 29, 2013, respectively, in the United States.


⁽²⁾	Includes property, plant and equipment, net, of $98.7 million and $62.8 million in Germany and Belgium, respectively, as of March 29, 2014 and $92.7 million and $45.1 million in Germany and Belgium, respectively, as of June 29, 2013.

Restructuring, integration and other charges (Tables)

9 Months Ended

Mar. 29, 2014

Fiscal Year 2014 [Member]

Restructuring Cost and Reserve [Line Items]

The following table presents the restructuring, integration and other expenses incurred during the third quarter and first nine months of fiscal 2014:



	Third Quarter Ended March 29, 2014		Nine Months Ended March 29, 2014
	(Thousands, except per share data)
Restructuring expenses	$	19,276	$	46,180
Integration costs	3,864		12,332
Other costs including acquisition costs	2,329		6,870
Changes in estimates for prior restructuring liabilities	614		1,242
Restructuring, integration and other expenses before tax	$	26,083	$	66,624
Restructuring, integration and other expenses after tax	$	19,275	$	49,872
Restructuring, integration and other expenses per share on a diluted basis	$	0.14	$	0.36

The activity related to the restructuring liabilities established during fiscal 2014 is presented in the following table:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Fiscal 2014 restructuring expenses	$	38,857		$	6,442		$	881		$	46,180
Cash payments	(13,839		)	(1,630		)	(9		)	(15,478		)
Non-cash amounts	(260		)	(2,591		)	(538		)	(3,389		)
Other, principally foreign currency translation	19			(6		)	10			23
Balance at March 29, 2014	$	24,777		$	2,215		$	344		$	27,336

Fiscal Year 2013 [Member]

Restructuring Cost and Reserve [Line Items]

The following table presents the activity during the first nine months of fiscal 2014 related to the remaining restructuring liabilities established during fiscal 2013:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Balance at June 29, 2013	$	25,254		$	16,211		$	370		$	41,835
Cash payments	(19,501		)	(5,844		)	(1,230		)	(26,575		)
Changes in estimates, net	(2,198		)	(1,285		)	1,590			(1,893		)
Non-cash amounts	—			538			(756		)	(218		)
Other, principally foreign currency translation	197			310			151			658
Balance at March 29, 2014	$	3,752		$	9,930		$	125		$	13,807

Acquisitions and divestitures Acquisitions (Details) $ in Thousands	9 Months Ended
	Mar. 29, 2014 USD ($)
Business Acquisition [Line Items]
Cash	$ 181,645
Contingent consideration	38,081
Total	$ 219,726

Acquisitions and divestitures Acquisitions (Details 1) $ in Thousands	9 Months Ended
	Mar. 29, 2014 USD ($)
Business Acquisition [Line Items]
Cash	$ 64,763
Accounts receivable, net	36,216
Inventory	95,202
Other current assets	6,599
Property, plant and equipment and other non-current assets	28,155
Intangible assets	55,543
Total identifiable assets acquired	286,478
Accounts payable, accrued liabilities and other current liabilities	66,848
Short-term borrowings	45,942
Other long-term liabilities	15,149
Total identifiable liabilities assumed	127,939
Net identifiable assets acquired	158,539
Goodwill	61,187
Net assets acquired	$ 219,726

Acquisitions and divestitures (Details Textuals) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014 USD ($)	Mar. 30, 2013 USD ($) $ / shares	Mar. 29, 2014 USD ($)	Mar. 30, 2013 USD ($) $ / shares
Business Acquisition [Line Items]
Goodwill			$ 61,187
Number of businesses acquired			3
Aggregate annualized revenue of acquired businesses			$ 490,000
Cash paid for acquistions, net of cash acquired			116,882	$ 244,062
Aggregate consideration for acquisitions			219,726
Contingent consideration, maximum additional payment	$ 50,000		50,000
Gain on bargain purchase			0	31,350
Bargain purchase gain recognized				31,400
Divestiture of business, proceeds received from earn-out			$ 0	3,613
Internix, inc [Member]
Business Acquisition [Line Items]
Gain on bargain purchase				$ 33,000
Gain on bargain purchase per share on a diluted basis \| $ / shares				$ 0.23
Electronics Marketing [Member]
Business Acquisition [Line Items]
Goodwill	50,600
Technology Solutions [Member]
Business Acquisition [Line Items]
Goodwill	$ 10,600
TS Asia [Member]
Business Acquisition [Line Items]
Gain (Loss) on disposition of business		$ 1,700
Gain (Loss) on sale of business per share on a diluted basis \| $ / shares		$ 0.01

Goodwill and intangible assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 29, 2014	Mar. 29, 2014	Jun. 29, 2013
Carrying amount of goodwill, by reportable segment
Gross Goodwill		$ 2,724,123	$ 2,641,022
Accumulated Impairment		(1,379,734)	(1,379,734)
Carrying value at June 29, 2013	$ 1,261,288
Additions	61,187
Adjustments	1,360
Foreign currency translation	20,554
Carrying value at December 28, 2013	1,261,288	1,344,389	1,261,288
Electronics Marketing [Member]
Carrying amount of goodwill, by reportable segment
Gross Goodwill		1,708,880	1,646,940
Accumulated Impairment		(1,045,110)	(1,045,110)
Carrying value at June 29, 2013	601,830
Additions	50,565
Adjustments	808
Foreign currency translation	10,567
Carrying value at December 28, 2013	601,830	663,770	601,830
Technology Solutions [Member]
Carrying amount of goodwill, by reportable segment
Gross Goodwill		1,015,243	994,082
Accumulated Impairment		(334,624)	(334,624)
Carrying value at June 29, 2013	659,458
Additions	10,622
Adjustments	552
Foreign currency translation	9,987
Carrying value at December 28, 2013	$ 659,458	$ 680,619	$ 659,458

Goodwill and intangible assets Intangible Assets (Details 1) - USD ($) $ in Thousands	Mar. 29, 2014	Jun. 29, 2013
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 345,529	$ 283,604
Accumulated Amortization	(147,700)	(111,392)
Net Book Value	197,829	172,212
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	338,506	276,107
Accumulated Amortization	(145,469)	(109,946)
Net Book Value	193,037	166,161
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,147	3,320
Accumulated Amortization	(1,084)	(480)
Net Book Value	2,063	2,840
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,876	4,177
Accumulated Amortization	(1,147)	(966)
Net Book Value	$ 2,729	$ 3,211

Goodwill and intangible assets (Estimated Future Amortization Expense) (Details 2) $ in Thousands	Mar. 29, 2014 USD ($)
Fiscal Year:
Remainder of fiscal 2014	$ 12,089
2015	47,762
2016	35,882
2017	31,828
2018	23,296
2019	17,473
Thereafter	29,499
Total	$ 197,829

Goodwill and intangible assets (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average life of intangible assets			8 years
Intangible asset amortization expense	$ 12,200	$ 8,700	$ 33,081	$ 23,844

External financing (Details) - USD ($) $ in Thousands	Mar. 29, 2014	Jun. 29, 2013
Components of short-term debt
Short-term borrowings	$ 848,388	$ 838,190
Bank credit facilities [Member]
Components of short-term debt
Short-term borrowings	257,237	177,118
Accounts receivable securitization program [Member]
Components of short-term debt
Short-term borrowings	590,000	360,000
5.875% Notes due March 15, 2014 [Member]
Components of short-term debt
Short-term borrowings	0	299,950
Other debt due within one year [Member]
Components of short-term debt
Short-term borrowings	$ 1,151	$ 1,122

External financing (Details 1) - USD ($) $ in Thousands	Mar. 29, 2014	Jun. 29, 2013
Components of long-term debt
Subtotal	$ 1,224,163	$ 1,209,579
Discount on notes	(2,186)	(2,586)
Long-term debt	1,221,977	1,206,993
6.000% Notes due September 1, 2015
Debt Instrument [Line Items]
Senior notes	$ 250,000	$ 250,000
Stated interest rate on senior notes	6.00%	6.00%
6.625% Notes due September 15, 2016
Debt Instrument [Line Items]
Senior notes	$ 300,000	$ 300,000
Stated interest rate on senior notes	6.625%	6.625%
5.875% Notes due June 15, 2020
Debt Instrument [Line Items]
Senior notes	$ 300,000	$ 300,000
Stated interest rate on senior notes	5.875%	5.875%
4.875% Notes due December 1, 2022
Debt Instrument [Line Items]
Senior notes	$ 350,000	$ 350,000
Stated interest rate on senior notes	4.875%	4.875%
2012 Credit Facility [Member]
Debt Instrument [Line Items]
2012 Credit Facility	$ 20,000	$ 6,700
Other long-term debt
Debt Instrument [Line Items]
Other long-term debt	$ 4,163	$ 2,879

External financing (Details Textuals) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 29, 2014	Mar. 29, 2014	Jun. 29, 2013
External Financing [Abstract]
Company's debt, carrying value	$ 2,070,000	$ 2,070,000	$ 2,050,000
Company's debt, fair value	2,180,000	$ 2,180,000	2,130,000
2012 Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility term		5 years
Line of credit facility, maximum borrowing capacity	$ 1,000,000	$ 1,000,000
Line of credit facility expiration date	Nov. 18, 2016
Line of credit facility, amount outstanding	$ 20,000	20,000	6,700
Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 2,000	$ 2,000	$ 2,300
Bank Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted average interest rate on the bank credit facilities	3.60%	3.60%	4.30%
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Accounts receivable securitization program maximum borrowing amount	$ 800,000	$ 800,000
Accounts receivable securitization program loan term	1 year
Accounts receivable securitization program, expiration date	August 2014
Program facility fee	0.35%	0.35%
Base Rate or Commercial Paper [Member] \| Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Terms on which interest on borrowings is calculated	base rate or a commercial paper rate
Interest on borrowings spread		0.35%

Derivative financial instruments (Details Textuals)	9 Months Ended
Derivative financial instruments (Details Textuals)	Mar. 29, 2014
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Company's objectives for using derivative instruments	This subjects the Company to the risks associated with fluctuations in foreign currency exchange rates. The Company reduces this risk by utilizing natural hedging (i.e., offsetting receivables and payables) as well as by creating offsetting positions through the use of derivative financial instruments, primarily forward foreign exchange contracts typically with maturities of less than sixty days ("economic hedges"). The Company continues to have exposure to foreign currency risks to the extent they are not hedged.
Maximum maturity of foreign exchange contracts (less than 60 days)	60 days

- Definition

Description of the reasons for holding or issuing derivative instruments and nonderivative hedging instruments. Includes discussion of the objectives for holding or issuing derivative instruments, the context needed to understand those objectives, and the strategies for achieving those objectives. The description generally distinguishes between derivative and nonderivative instruments by the types of hedging relationships and between those instruments used for risk management purposes and those used for other purposes. Information about those instruments is disclosed in the context of each instrument's primary underlying risk exposure (for example, interest rate, credit, foreign exchange rate, interest rate and foreign exchange rate, or overall price).

+ References + Details

Commitments and contingencies (Details Textuals) - Bell Microproducts Inc [Member] $ in Millions	Mar. 29, 2014 USD ($)
Loss Contingency, Estimate [Abstract]
Loss contingency, estimate of possible loss	$ 10.0
Loss contingency, range of possible loss, maximum	$ 73.0

Commitments and contingencies Litigation settlement (Details Textuals 2) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 29, 2014	Sep. 28, 2013	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Litigation Settlement [Abstract]
Gain on legal settlement, bargain purchase and other	$ 2,965	$ 19,100	$ 0	$ 22,102	$ 31,350

Income taxes (Details Textuals)	3 Months Ended		9 Months Ended
Income taxes (Details Textuals)	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Income Tax Disclosure [Abstract]
Effective tax rate	31.00%	40.30%	31.60%	23.20%

Pension plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pension plan (Details) - USD ($) $ in Thousands	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Components of net periodic pension costs
Service cost	$ 9,183	$ 9,230	$ 27,549	$ 27,690
Interest cost	4,289	3,663	12,867	10,989
Expected return on plan assets	(7,727)	(6,976)	(23,181)	(20,928)
Recognized net actuarial loss	3,171	3,724	9,513	11,172
Amortization of prior service credit	(393)	(393)	(1,179)	(1,179)
Net periodic pension cost	$ 8,523	$ 9,248	$ 25,569	$ 27,744

Pension plan (Details Textuals) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Pension plan (Details Textuals) - USD ($) $ in Millions	Mar. 29, 2014	Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract]
Company's contribution to pension plan in the current quarter and first half of fiscal year		$ 30.0
Estimated future employer contributions each remaining quarter of current fiscal year	$ 10.0
Company's estimated future employer contributions in current fiscal year	The Company expects to make an additional contribution to the Plan of $10.0 million in the fourth quarter of fiscal 2014

Shareholders' Equity Share Repurchase Program (Details Textuals) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Mar. 29, 2014 USD ($) $ / shares	Mar. 29, 2014 USD ($) $ / shares shares
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount		$ 750.0
Shares repurchased during the period \| shares		31,700
Share price \| $ / shares	$ 39.50	$ 39.50
Shares repurchased during the period, value		$ 1.3
Aggregate number of shares repurchased since inception under stock repurchase program \| shares		17,921,700
Aggregate cost of shares repurchased since inception under share repurchase program		$ 526.8
Remaining authorized repurchase amount under share repurchase program	$ 223.2

Shareholders' Equity Common Stock Dividend (Details Textuals 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Class of Stock [Line Items]
Cash dividends paid per common share	$ 0.15	$ 0.00	$ 0.45	$ 0.00
Dividends paid on common stock	$ (20,700)		$ (62,009)	$ 0

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Numerator:
Net income	$ 113,851	$ 86,196	$ 359,339	$ 323,982
Denominator:
Weighted average common shares for basic earnings per share	138,418	137,102	137,845	138,215
Net effect of dilutive stock option, incentive and performance share awards	1,761	1,913	2,170	2,101
Weighted average common shares for diluted earnings per share	140,179	139,015	140,015	140,316
Basic earnings per share	$ 0.82	$ 0.63	$ 2.61	$ 2.34
Diluted earnings per share	$ 0.81	$ 0.62	$ 2.57	$ 2.31

- Definition

The amount of net income (loss) for the period per each share of common stock or unit 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

+ Details

Earnings per share (Details Textuals) - shares	3 Months Ended	9 Months Ended
Earnings per share (Details Textuals) - shares	Mar. 29, 2014	Mar. 29, 2014	Mar. 30, 2013
Earnings Per Share [Abstract]
Antidilutive shares	0	0	565,840

Additional cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013
Interest and income taxes paid
Interest	$ 86,844	$ 82,114
Income taxes	$ 165,885	$ 131,218

Additional cash flow information Additional cash flow information (Details Textuals) $ in Thousands	Mar. 29, 2014 USD ($)
Noncash Investing and Financing Items [Abstract]
Contingent consideration	$ 38,081

Segment information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment information (Details) - USD ($) $ in Thousands	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013	Jun. 29, 2013
Sales:
Sales	$ 6,683,616	$ 6,298,699	$ 20,450,945	$ 18,868,221
Operating income:
Operating income before restructuring, integration and other charges and amortization of acquired intangible assets	223,794	203,697	686,482	576,655
Restructuring, integration and other expenses (Note 13)	(26,083)	(27,341)	(66,624)	(89,655)
Amortization of acquired intangible assets and other	(12,868)	(8,746)	(34,456)	(23,844)
Operating Income	184,843	167,610	585,402	463,156
Sales, by geographic area:
Sales	6,683,616	6,298,699	20,450,945	18,868,221
Assets:
Assets	10,900,780		10,900,780		$ 10,474,680
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	522,321		522,321		492,606
Americas [Member]
Sales:
Sales	2,567,139	2,620,295	8,119,450	7,935,867
Sales, by geographic area:
Sales	2,567,139	2,620,295	8,119,450	7,935,867
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	289,306		289,306		282,986
EMEA [Member]
Sales:
Sales	2,160,383	1,883,007	6,105,393	5,355,124
Sales, by geographic area:
Sales	2,160,383	1,883,007	6,105,393	5,355,124
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	203,125		203,125		177,908
Asia/Pacific [Member]
Sales:
Sales	1,956,094	1,795,397	6,226,102	5,577,230
Sales, by geographic area:
Sales	1,956,094	1,795,397	6,226,102	5,577,230
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	29,890		29,890		31,712
Electronics Marketing [Member]
Sales:
Sales	4,133,004	3,797,206	12,225,911	11,123,851
Operating income:
Operating income before restructuring, integration and other charges and amortization of acquired intangible assets	193,437	165,023	540,905	457,117
Sales, by geographic area:
Sales	4,133,004	3,797,206	12,225,911	11,123,851
Assets:
Assets	6,596,057		6,596,057		6,316,326
Technology Solutions [Member]
Sales:
Sales	2,550,612	2,501,493	8,225,034	7,744,370
Operating income:
Operating income before restructuring, integration and other charges and amortization of acquired intangible assets	60,887	68,616	243,703	220,400
Sales, by geographic area:
Sales	2,550,612	2,501,493	8,225,034	7,744,370
Assets:
Assets	4,108,383		4,108,383		3,838,421
Corporate [Member]
Operating income:
Operating income before restructuring, integration and other charges and amortization of acquired intangible assets	(30,530)	$ (29,942)	(98,126)	$ (100,862)
Assets:
Assets	$ 196,340		$ 196,340		$ 319,933

Segment information (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013	Jun. 29, 2013
Segment Reporting Information [Line Items]
Sales previously reported in EM prior to transfer of business	$ 110,900		$ 344,600
Sales	6,683,616	$ 6,298,699	20,450,945	$ 18,868,221
Property, plant and equipment, net	522,321		522,321		$ 492,606
United States [Member]
Segment Reporting Information [Line Items]
Sales	2,300,000	2,300,000	7,200,000	6,900,000
Property, plant and equipment, net	281,000		281,000		273,400
Germany [Member]
Segment Reporting Information [Line Items]
Sales	861,400	736,400	2,500,000	2,020,000
Property, plant and equipment, net	98,700		98,700		92,700
Belgium [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment, net	62,800		62,800		$ 45,100
United Kingdom [Member]
Segment Reporting Information [Line Items]
Sales		317,300		903,700
China [Member]
Segment Reporting Information [Line Items]
Sales	700,300	561,600	2,200,000	1,800,000
Taiwan [Member]
Segment Reporting Information [Line Items]
Sales	$ 605,700	563,200	$ 2,000,000	1,730,000
Singapore [Member]
Segment Reporting Information [Line Items]
Sales		$ 282,700		$ 858,600

Restructuring, integration and other charges (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 30, 2013
Charges related to the acquisition and integration activities [Abstract]
Pre-tax restructuring, integration and other expenses	$ 26,083	$ 27,341	$ 66,624	$ 89,655
Fiscal Year 2014 [Member]
Charges related to the acquisition and integration activities [Abstract]
Restructuring costs	19,276		46,180
Integration costs	3,864		12,332
Other costs including acquisition costs	2,329		6,870
Changes in estimate for prior and current year restructuring reserves	614		1,242
Pre-tax restructuring, integration and other expenses	26,083		66,624
After tax restructuring, integration and other expenses	$ 19,275		$ 49,872
Restructuring integration and other charges per share on diluted basis	$ 0.14		$ 0.36

Restructuring, integration and other charges (Details 1) $ in Thousands	9 Months Ended
	Mar. 29, 2014 USD ($)
Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Fiscal 2014 pre-tax restructuring charges	$ 46,180
Cash payments	(15,478)
Non-cash amounts	(3,389)
Other, principally foreign currency translation	23
Balance at December 28, 2013	27,336
Fiscal Year 2013 [Member]
Activity related to the restructuring reserves
Balance at June 29, 2013	41,835
Cash payments	(26,575)
Changes in estimate	(1,893)
Non-cash amounts	(218)
Other, principally foreign currency translation	658
Balance at December 28, 2013	13,807
Fiscal Year 2012 [Member]
Activity related to the restructuring reserves
Balance at June 29, 2013	4,700
Balance at December 28, 2013	1,800
Severance Reserves [Member] \| Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Fiscal 2014 pre-tax restructuring charges	38,857
Cash payments	(13,839)
Non-cash amounts	(260)
Other, principally foreign currency translation	19
Balance at December 28, 2013	24,777
Severance Reserves [Member] \| Fiscal Year 2013 [Member]
Activity related to the restructuring reserves
Balance at June 29, 2013	25,254
Cash payments	(19,501)
Changes in estimate	(2,198)
Non-cash amounts	0
Other, principally foreign currency translation	197
Balance at December 28, 2013	3,752
Facility Exit Costs [Member] \| Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Fiscal 2014 pre-tax restructuring charges	6,442
Cash payments	(1,630)
Non-cash amounts	(2,591)
Other, principally foreign currency translation	(6)
Balance at December 28, 2013	2,215
Facility Exit Costs [Member] \| Fiscal Year 2013 [Member]
Activity related to the restructuring reserves
Balance at June 29, 2013	16,211
Cash payments	(5,844)
Changes in estimate	(1,285)
Non-cash amounts	538
Other, principally foreign currency translation	310
Balance at December 28, 2013	9,930
Other [Member] \| Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Fiscal 2014 pre-tax restructuring charges	881
Cash payments	(9)
Non-cash amounts	(538)
Other, principally foreign currency translation	10
Balance at December 28, 2013	344
Other [Member] \| Fiscal Year 2013 [Member]
Activity related to the restructuring reserves
Balance at June 29, 2013	370
Cash payments	(1,230)
Changes in estimate	1,590
Non-cash amounts	(756)
Other, principally foreign currency translation	151
Balance at December 28, 2013	$ 125

Restructuring, integration and other charges (Details Textuals) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 29, 2014 USD ($)	Mar. 29, 2014 USD ($) employees	Jun. 29, 2013 USD ($)
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 10,300
Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Range of expected additional restructuring costs for remainder of fiscal year		$ 10,000
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Range of expected additional restructuring costs for remainder of fiscal year		$ 15,000
Fiscal Year 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, range of positions eliminated, low end \| employees		750
Restructuring costs		$ 46,180
Restructuring Reserve	27,336	27,336
Fiscal Year 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	13,807	13,807	$ 41,835
Fiscal Year 2012 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	1,800	1,800	$ 4,700
EM [Member] \| Fiscal Year 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		32,000
TS [Member] \| Fiscal Year 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		13,700
Business Support [Member] \| Fiscal Year 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		500
Fiscal Year 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 19,276	$ 46,180