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Document and Entity Information Document - shares	9 Months Ended
Document and Entity Information Document - shares	Mar. 28, 2015	Apr. 16, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	AVNET INC
Entity Central Index Key	0000008858
Current Fiscal Year End Date	--06-27
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 28, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		135,822,544

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 28, 2015	Jun. 28, 2014
Current assets:
Cash and cash equivalents	$ 803,468	$ 928,971
Receivables, less allowances of $95,313 and $96,382, respectively	4,994,751	5,220,528
Inventories	2,474,402	2,613,363
Prepaid and other current assets	211,336	191,337
Total current assets	8,483,957	8,954,199
Property, plant and equipment, net	548,433	534,999
Goodwill	1,262,533	1,348,468
Intangible assets, net	134,837	184,308
Other assets	184,745	233,543
Total assets	10,614,505	11,255,517
Current liabilities:
Short-term debt	350,277	865,088
Accounts payable	3,272,030	3,402,369
Accrued expenses and other	618,665	711,369
Total current liabilities	4,240,972	4,978,826
Long-term debt	1,725,238	1,213,814
Other liabilities	146,785	172,684
Total liabilities	6,112,995	6,365,324
Commitments and contingencies (Note 6)
Shareholders' equity:
Common stock $1.00 par; authorized 300,000,000 shares; issued 135,843,580 shares and 138,285,825 shares, respectively	135,844	138,286
Additional paid-in capital	1,394,859	1,355,663
Retained earnings	3,461,011	3,257,407
Accumulated other comprehensive (loss) income	(489,688)	139,512
Treasury stock at cost, 33,129 shares and 36,836 shares, respectively	(516)	(675)
Total shareholders' equity	4,501,510	4,890,193
Total liabilities and shareholders' equity	$ 10,614,505	$ 11,255,517

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 28, 2015	Jun. 28, 2014
Current assets:
Allowance for doubtful accounts receivable, current (in dollars)	$ 95,313	$ 96,382
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares, issued	135,843,580	138,285,825
Treasury Stock, shares	33,129	36,836

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Income Statement [Abstract]
Sales	$ 6,736,860	$ 6,683,616	$ 21,128,326	$ 20,450,945
Cost of sales	5,962,506	5,878,704	18,721,003	18,062,230
Gross profit	774,354	804,912	2,407,323	2,388,715
Selling, general and administrative expenses	555,148	593,986	1,713,056	1,736,689
Restructuring, integration and other expenses	15,494	26,083	47,071	66,624
Operating income	203,712	184,843	647,196	585,402
Other (expense) income, net	(8,945)	2,511	(15,963)	(1,488)
Interest expense	(23,871)	(25,326)	(71,936)	(80,529)
Gain on legal settlement (Note 6)		2,965		22,102
Income before income taxes	170,896	164,993	559,297	525,487
Income tax expense	49,367	51,142	146,117	166,148
Net income	$ 121,529	$ 113,851	$ 413,180	$ 359,339
Earnings per share:
Basic (in dollars per share)	$ 0.89	$ 0.82	$ 3.02	$ 2.61
Diluted (in dollars per share)	$ 0.88	$ 0.81	$ 2.97	$ 2.57
Shares used to compute earnings per share:
Basic (in shares)	136,046	138,418	136,965	137,845
Diluted (in shares)	137,721	140,179	139,181	140,015
Cash dividends paid per common share (in dollars per share)	$ 0.16	$ 0.15	$ 0.48	$ 0.45

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 121,529	$ 113,851	$ 413,180	$ 359,339
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Foreign currency translation adjustments and other	(270,518)	14,069	(634,554)	122,066
Pension adjustments, net	1,785	1,644	5,354	4,939
Total comprehensive (loss) income	$ (147,204)	$ 129,564	$ (216,020)	$ 486,344

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014
Cash flows from operating activities:
Net income	$ 413,180	$ 359,339
Non-cash and other reconciling items:
Depreciation	70,919	67,392
Amortization	32,630	33,081
Deferred income taxes	29,500	20,850
Stock-based compensation	48,890	33,896
Other, net	57,766	54,824
Changes in (net of effects from businesses acquired):
Receivables	(186,037)	(55,853)
Inventories	(89,994)	(114,258)
Accounts payable	118,449	(148,825)
Accrued expenses and other, net	(210,751)	(46,541)
Net cash flows provided by operating activities	284,552	203,905
Cash flows from financing activities:
Repayment of notes		(300,000)
Borrowings under accounts receivable securitization program, net	110,000	230,000
(Repayments) borrowings of bank and other debt, net	(96,372)	56,658
Repurchases of common stock (Note 9)	(147,606)	(1,252)
Dividends paid on common stock	(65,602)	(62,009)
Other, net	(13,993)	10,390
Net cash flows used for financing activities	(213,573)	(66,213)
Cash flows from investing activities:
Purchases of property, plant and equipment	(133,422)	(81,232)
Acquisitions of businesses, net of cash acquired		(116,882)
Other, net	(8,765)	4,058
Net cash flows used for investing activities	(142,187)	(194,056)
Effect of exchange rate changes on cash and cash equivalents	(54,295)	7,170
Cash and cash equivalents:
- increase (decrease)	(125,503)	(49,194)
- at beginning of period	928,971	1,009,343
- at end of period	$ 803,468	$ 960,149

Basis of presentation and new accounting pronouncements	9 Months Ended
Basis of presentation and new accounting pronouncements	Mar. 28, 2015
Basis of presentation and new accounting pronouncements
Basis of presentation and new accounting pronouncements	1. 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.'s 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 ("GAAP") 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 28, 2014. New accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), to supersede nearly all existing revenue recognition guidance under GAAP. The core principles of ASU 2014-09 are to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. Application of the requirements of ASU 2014-09 may require more judgment and estimates within the revenue recognition process compared to existing GAAP. In April 2015, the FASB proposed a one-year delay in the effective date of ASU 2014-09, which, if approved, would make the effective date for the Company the first quarter of fiscal 2019 instead of the current effective date, which is the first quarter of fiscal 2018. The Company may adopt the requirements of ASU 2014-09 using either of two acceptable adoption methods: (i) retrospective adoption to each prior reporting period presented with the option to elect certain practical expedients as defined within ASU 2014-09; or (ii) adoption with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures as defined within ASU 2014-09. The Company is currently evaluating the potential impact of the future adoption of ASU 2014-09 on its consolidated financial statements, including the method of adoption to be used. During the nine months ended March 28, 2015 there have been no additional new accounting pronouncements that are expected to significantly impact the Company's consolidated financial statements.

Acquisitions and divestitures

9 Months Ended

Mar. 28, 2015

Acquisitions and divestitures

Acquisitions and divestitures

2. Acquisitions and divestitures

During fiscal 2014, the Company completed three acquisitions with historical annualized revenue of approximately $492.0 million. Cash paid for acquisitions during the first nine months of fiscal 2014 was $116.9 million, net of cash acquired. The Company has not disclosed the pro-forma impact of the fiscal 2014 acquisitions as such impact was not material to the Company's consolidated financial position or results of operations.

The aggregate consideration, excluding cash acquired, for the fiscal 2014 acquisitions was $219.7 million, which consisted of the following (in thousands):


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

The contingent consideration arrangements stipulate that the Company pay up to a maximum of approximately $50.0 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 of $38.1 million 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 through operating expenses if there are changes to the inputs used in the income approach and as a result of the passage of time.

During fiscal 2014 and the first nine months of fiscal 2015 there were no material measurement period adjustments for the fiscal 2014 acquisitions. The Company recognized restructuring, integration, and other expenses associated with the fiscal 2014 acquisitions, which are described further in Note 13.

Goodwill and intangible assets

9 Months Ended

Mar. 28, 2015

Goodwill and intangible assets

Goodwill and intangible assets

3. Goodwill and intangible assets

Goodwill

The following table presents the change in goodwill by reportable segment for the nine months ended March 28, 2015. All of the accumulated impairment was recognized in fiscal 2009.


	Electronics		Technology
	Marketing		Solutions		Total
	(Thousands)
Gross goodwill	$	1,713,567	$	1,014,635	$	2,728,202
Accumulated impairment		(1,045,110)		(334,624)		(1,379,734)
Carrying value at June 28, 2014		668,457		680,011		1,348,468
Adjustments		561		8		569
Foreign currency translation		(41,276)		(45,228)		(86,504)
Carrying value at March 28, 2015	$	627,742	$	634,791	$	1,262,533

Gross goodwill	$	1,672,852	$	969,415	$	2,642,267
Accumulated impairment		(1,045,110)		(334,624)		(1,379,734)
Carrying value at March 28, 2015	$	627,742	$	634,791	$	1,262,533

The goodwill adjustments represent the net measurement period adjustments for acquisitions during the related measurement periods.

Intangible Assets

The following table presents the Company’s acquired intangible assets at March 28, 2015 and June 28, 2014, respectively. These intangible assets have a weighted average remaining useful life of approximately 5 years.


	March 28, 2015						June 28, 2014
	Acquired		Accumulated		Net Book		Acquired		Accumulated		Net Book
	Amount		Amortization		Value		Amount		Amortization		Value
	(Thousands)
Customer related	$	291,236	$	(172,958)	$	118,278	$	319,496	$	(155,604)	$	163,892
Trade name		5,187		(1,570)		3,617		5,993		(1,555)		4,438
Other		15,686		(2,744)		12,942		18,833		(2,855)		15,978
	$	312,109	$	(177,272)	$	134,837	$	344,322	$	(160,014)	$	184,308

Intangible asset amortization expense was $10.6 million and $12.2 million for the third quarters of fiscal 2015 and 2014, respectively, and $32.6 million and $33.1 million for the first nine months of fiscal 2015 and 2014, respectively. The following table presents the estimated future amortization expense for the remainder of fiscal 2015, the next five fiscal years and thereafter (in thousands):


Fiscal Year
Remainder of fiscal 2015	$	10,841
2016		31,373
2017		29,587
2018		21,165
2019		17,688
2020		15,461
Thereafter		8,722
Total	$	134,837

- 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

Debt

9 Months Ended

Mar. 28, 2015

Debt

Debt

4. Debt

Short-term debt consists of the following (in thousands):


	March 28, 2015		June 28, 2014		March 28, 2015		June 28, 2014
	Interest Rate				Carrying Balance
Bank credit facilities and other	5.56	%	3.20	%	$	100,277	$	250,088
Accounts receivable securitization program	—		0.60	%		—		615,000
Notes due September 1, 2015	6.00	%	—			250,000		—
Short-term debt					$	350,277	$	865,088

Bank credit facilities and other consists 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.

Long-term debt consists of the following (in thousands):


	March 28, 2015		June 28, 2014		March 28, 2015		June 28, 2014
	Interest Rate				Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program	0.58	%	—		$	725,000	$	—
2014 Credit Facility	3.55	%	—			50,000		—
2012 Credit Facility	—		3.55	%		—		12,000
Notes due:
September 1, 2015	—		6.00	%		—		250,000
September 15, 2016	6.63	%	6.63	%		300,000		300,000
June 15, 2020	5.88	%	5.88	%		300,000		300,000
December 1, 2022	4.88	%	4.88	%		350,000		350,000
Other long-term debt	1.42	%	1.40	%		1,901		3,867
Long-term debt before discount						1,726,901		1,215,867
Discount on Notes						(1,663)		(2,053)
Long-term debt					$	1,725,238	$	1,213,814

In August 2014, the Company amended and extended its accounts receivable securitization program (the “Program”) with a group of financial institutions to allow the Company to transfer, on an ongoing revolving basis, an undivided interest in a designated pool of accounts receivable, to provide security or collateral for borrowings up to a maximum of $900.0 million. The Program does not qualify for off balance sheet sale accounting treatment and, as a result, any borrowings under the Program are recorded as debt on the consolidated balance sheets. Under the Program, the Company legally isolates certain U.S. trade receivables into a wholly-owned and consolidated bankruptcy remote special purpose entity. Such isolated receivables, which are recorded within “Receivables” in the consolidated balance sheets, totaled $1.47 billion and $1.65 billion at March 28, 2015 and June 28, 2014, respectively. The Program contains certain covenants relating to the quality of the receivables sold. The Program also requires the Company to maintain certain minimum interest coverage and leverage ratios, which the Company was in compliance with as of March 28, 2015. The Program has a two-year term that expires in August 2016. As a result of the two-year term, outstanding borrowings under the Program are classified as long-term debt at March 28, 2015. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread of 0.38%. The facility fee is 0.38%.

In July 2014, the Company terminated its existing Credit Facility (the “2012 Credit Facility”) and entered into a five-year $1.25 billion senior unsecured revolving credit facility (the “2014 Credit Facility”) with a syndicate of banks, consisting of revolving credit facilities and the issuance of up to $150.0 million of letters of credit, which expires in July 2019. Under the 2014 Credit Facility, the Company may select from various interest rate options, currencies and maturities. The 2014 Credit Facility contains certain covenants including various limitations on debt incurrence, share repurchases, dividends, investments and capital expenditures. The 2014 Credit Facility also includes financial covenants requiring the Company to maintain minimum interest coverage and leverage ratios, which the Company was in compliance with as of March 28, 2015. At March 28, 2015, there were $1.9 million in letters of credit issued under the 2014 Credit Facility. At June 28, 2014, there were $2.0 million in letters of credit issued under the 2012 Credit Facility.

At March 28, 2015, the carrying value and fair value of the Company’s total debt was $2.08 billion and $2.17 billion, respectively. At June 28, 2014, the carrying value and fair value of the Company's total debt was $2.08 billion and $2.19 billion, respectively. Fair value was estimated primarily based upon quoted market prices.

Derivative financial instruments	9 Months Ended
Derivative financial instruments	Mar. 28, 2015
Derivative financial instruments
Derivative financial instruments	5. 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 fair value of forward foreign exchange contracts, which are based upon Level 2 criteria under the ASC 820 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 28, 2015 and June 28, 2014. The Company did not have material gains or losses related to the forward foreign exchange contracts during the third quarters and first nine months of fiscal 2015 and fiscal 2014. 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. 28, 2015
Commitments and contingencies
Commitments and contingencies	6. 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 which was recorded to goodwill in fiscal 2011. 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” 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. 28, 2015
Income taxes
Income taxes	7. Income taxes The Company’s effective tax rate on its income before income taxes was 28.9% in the third quarter of fiscal 2015 as compared with 31.0% in the third quarter of fiscal 2014. During the third quarter of fiscal 2015, the Company's effective tax rate was favorably impacted primarily by the mix of income in lower tax rate jurisdictions partially offset by an increase due to the write-off of a deferred tax asset. During the third quarter of fiscal 2014, the Company's effective tax rate was unfavorably impacted primarily by increases to valuation allowances and reserves. For the first nine months of fiscal 2015 and 2014, the Company's effective tax rate was 26.1% and 31.6%, respectively. The effective tax rate for the first nine months of fiscal 2015 was favorably impacted by the mix of income in lower tax rate jurisdictions and the release of reserves, primarily related to the formal deregistration of a foreign branch and the settlement of an audit in a foreign jurisdiction. The effective tax rate for the first nine months of fiscal 2014 was unfavorably impacted primarily by increases to valuation allowances and reserves. The Company applies the guidance in ASC 740, which requires management to use its judgment for the appropriate weighting of all available evidence when assessing the need for the establishment or the release of valuation allowances. As part of this analysis, the Company examines all available evidence on a jurisdiction by jurisdiction basis and weighs the positive and negative evidence when determining the need for full or partial valuation allowances. The evidence considered for each jurisdiction includes, among other items: (i) the historic levels of income or losses over a range of time periods, which may extend beyond the most recent three fiscal years depending upon the historical volatility of income in an individual jurisdiction; (ii) expectations and risks associated with underlying estimates of future taxable income, including considering the historical trend of down-cycles in the semiconductor and related industries; and (iii) prudent and feasible tax planning strategies. As of the end of fiscal 2014, the Company had a partial valuation allowance against significant net operating loss carry-forward deferred tax assets related to a legal entity in Europe due to, among several other factors, a history of losses in that entity. In recent fiscal years, such entity has been experiencing improved earnings, which required the partial release of the valuation allowance to the extent such entity has projected future taxable income. ASC 740 requires a preponderance of positive evidence in order to reach a conclusion to release all or a portion of a valuation allowance when negative evidence exists. The Company continues to evaluate the need for a valuation allowance against these deferred tax assets and will adjust the valuation allowance as appropriate, which, if reduced, could result in a significant decrease to the effective tax rate in the period of the adjustment.

Pension plan

9 Months Ended

Mar. 28, 2015

Pension plan

Pension plan

8. 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 28, 2015 and March 29, 2014 were as follows:


	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(Thousands)
Service cost	$	9,873	$	9,183	$	29,619	$	27,549
Interest cost		4,449		4,289		13,347		12,867
Expected return on plan assets		(9,055)		(7,727)		(27,165)		(23,181)
Recognized net actuarial loss		3,251		3,171		9,753		9,513
Amortization of prior service credits		(393)		(393)		(1,179)		(1,179)
Net periodic pension cost	$	8,125	$	8,523	$	24,375	$	25,569

The Company made contributions to the Plan of $30.0 million during the first nine months of fiscal 2015. The Company expects to make an additional contribution to the Plan of $10.0 million in the fourth quarter of fiscal 2015.

The Plan meets the definition of a defined benefit plan and as a result, the Company must apply ASC 715 pension accounting to the Plan. The Plan itself, however, is a cash balance plan that is similar in nature to a defined contribution plan in that a participant's benefit is defined in terms of a stated account balance. A cash balance plan provides the Company with the benefit of applying any earnings on the Plan’s investments beyond the fixed return provided to participants, toward the Company’s future cash funding obligations.

Amounts reclassified out of accumulated other comprehensive (loss) income, net of tax, to operating expenses during the first nine months of fiscal 2015 and fiscal 2014 were not material and substantially all related to net periodic pension costs including recognition of actuarial losses and amortization of prior service credits.

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Mar. 28, 2015
Shareholders' equity
Shareholders' equity	9. Shareholders' equity Share repurchase program In November 2014, the Company’s Board of Directors amended the Company's existing share repurchase program to authorize the repurchase of up to $1.00 billion 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 share price, corporate and regulatory requirements, and prevailing market conditions. During the third quarter of fiscal 2015, the Company repurchased 0.9 million shares under this program at an average market price of $41.97 per share for a total cost of $38.8 million. Since the beginning of the repurchase program through the end of the third quarter of fiscal 2015, the Company has repurchased 21.7 million shares at an aggregate cost of $681.7 million, and $318.3 million remained available for future repurchases under the share repurchase program. Common stock dividend In February 2015, the Company's Board of Directors approved a dividend of $0.16 per common share and dividend payments of $21.7 million were made in March 2015. During the nine months ended March 28, 2015, the Company has paid dividends of $0.48 per common share and $65.6 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
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph (SX 210.5-02.29-31)
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-Subparagraph (SAB TOPIC 4.C)
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-Subparagraph (SX 210.3-04)
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings per share

9 Months Ended

Mar. 28, 2015

Earnings per share

Earnings per share

10. Earnings per share


	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(Thousands, except per share data)
Numerator:
Net income	$	121,529	$	113,851	$	413,180	$	359,339
Denominator:
Weighted average common shares for basic earnings per share		136,046		138,418		136,965		137,845
Net effect of dilutive stock options, restricted incentive shares and performance shares		1,675		1,761		2,216		2,170
Weighted average common shares for diluted earnings per share		137,721		140,179		139,181		140,015
Basic earnings per share	$	0.89	$	0.82	$	3.02	$	2.61
Diluted earnings per share	$	0.88	$	0.81	$	2.97	$	2.57
Stock options excluded from earnings per share calculation due to anti-dilutive effect		—		—		—		—

Additional cash flow information

9 Months Ended

Mar. 28, 2015

Additional cash flow information

Additional cash flow information

11. Additional cash flow information

Interest and income taxes paid in the nine months ended March 28, 2015 and March 29, 2014 were as follows:


	Nine Months Ended
	March 28,		March 29,
	2015		2014
	(Thousands)
Interest	$	80,478	$	86,844
Income taxes	$	122,056	$	165,885

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. 28, 2015

Segment information

Segment information

12. Segment information

Electronics Marketing (“EM”) and Technology Solutions (“TS”) are the Company's reportable segments (“operating groups”). EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products to a diverse customer base serving many end-markets. TS focuses on the value-added distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the world’s foremost technology manufacturers. TS also provides the latest hard disk drives, microprocessor, motherboard and DRAM module technologies to manufacturers of general-purpose computers and system builders.


	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(Thousands)
Sales:
Electronics Marketing	$	4,219,528	$	4,133,004	$	13,028,812	$	12,225,911
Technology Solutions		2,517,332		2,550,612		8,099,514		8,225,034
	$	6,736,860	$	6,683,616	$	21,128,326	$	20,450,945
Operating income (expense):
Electronics Marketing	$	197,287	$	193,437	$	591,447	$	540,905
Technology Solutions		68,098		60,887		248,072		243,703
Corporate		(34,992)		(30,530)		(110,805)		(98,126)
		230,393		223,794		728,714		686,482
Restructuring, integration and other expenses (Note 13)		(15,494)		(26,083)		(47,071)		(66,624)
Amortization of acquired intangible assets and other		(11,187)		(12,868)		(34,447)		(34,456)
	$	203,712	$	184,843	$	647,196	$	585,402
Sales, by geographic area:
Americas (1)	$	2,677,745	$	2,567,139	$	8,376,754	$	8,119,450
EMEA (2)		1,969,069		2,160,383		6,006,500		6,105,393
Asia/Pacific (3)		2,090,046		1,956,094		6,745,072		6,226,102
	$	6,736,860	$	6,683,616	$	21,128,326	$	20,450,945

(1)Includes sales from the United States of $2.39 billion and $2.30 billion for the quarters ended March 28, 2015, and March 29, 2014, respectively. Includes sales from the United States of $7.45 billion and $7.20 billion for the first nine months of fiscal 2015 and 2014, respectively.

(2)Includes sales from Germany and the United Kingdom of $688.7 million and $372.3 million, respectively, for the quarter ended March 28, 2015, and $2.22 billion and $1.12 billion, respectively, for the first nine months of fiscal 2015. Includes sales from Germany of $861.4 million for the quarter ended March 29, 2014, and $2.50 billion for the first nine months of fiscal 2014.

(3)Includes sales from China (including Hong Kong) and Taiwan of $667.5 million and $802.2 million, respectively, for the quarter ended March 28, 2015, and $2.13 billion and $2.62 billion, respectively, for the first nine months of fiscal 2015. Includes sales from China (including Hong Kong) and Taiwan of $700.3 million and $605.7 million, respectively, for the quarter ended March 29, 2014, and $2.20 billion and $2.00 billion, respectively, for the first nine months of fiscal 2014.


	March 28,		June 28,
	2015		2014
	(Thousands)
Assets:
Electronics Marketing	$	6,367,106	$	6,840,166
Technology Solutions		3,699,717		4,140,230
Corporate		547,682		275,121
	$	10,614,505	$	11,255,517
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	340,844	$	306,167
EMEA (2)		179,385		199,374
Asia/Pacific		28,204		29,458
	$	548,433	$	534,999

(1)Includes property, plant and equipment, net, of $335.4 million and $298.1 million as of March 28, 2015 and June 28, 2014, respectively, in the United States.

(2)Includes property, plant and equipment, net, of $73.9 million and $73.5 million in Germany and Belgium, respectively, as of March 28, 2015 and $95.5 million and $61.0 million in Germany and Belgium, respectively, as of June 28, 2014.

- 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 Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Restructuring, integration and other expenses

9 Months Ended

Mar. 28, 2015

Restructuring, integration and other expenses

Restructuring, integration and other expenses

13. Restructuring, integration and other expenses

Fiscal 2015

During the third quarter and first nine months of fiscal 2015, the Company took certain actions in an effort to reduce future operating expenses. In addition, the Company incurred integration and other costs primarily associated with the integration of acquisitions and certain global and regional businesses. The following table presents the restructuring, integration and other expenses recorded during the third quarter and first nine months of fiscal 2015:


	Third Quarter Ended		Nine Months Ended
	March 28, 2015		March 28, 2015
	(Thousands, except per share data)
Restructuring expenses	$	8,095	$	25,447
Integration costs		5,269		15,559
Other costs including acquisition costs		2,443		6,156
Changes in estimates for prior year restructuring liabilities		(313)		(91)
Restructuring, integration and other expenses before tax	$	15,494	$	47,071
Restructuring, integration and other expenses after tax	$	12,035	$	35,383
Restructuring, integration and other expenses per share on a diluted basis	$	0.09	$	0.25

The activity related to the restructuring liabilities established and other associated expenses incurred during fiscal 2015 is presented in the following table:


			Facility
			Exit Costs and
			Asset
	Severance		Impairments		Other		Total
	(Thousands)
Fiscal 2015 restructuring expenses	$	9,455	$	10,802	$	5,190	$	25,447
Cash payments		(6,642)		(4,279)		—		(10,921)
Non-cash amounts		—		(2,395)		(5,190)		(7,585)
Other, principally foreign currency translation		(201)		(228)		—		(429)
Balance at March 28, 2015	$	2,612	$	3,900	$	—	$	6,512

Severance expense recorded in the first nine months of fiscal 2015 related to the reduction of over 200 employees, primarily in operations and business support functions, in connection with cost reduction actions taken at both operating groups. Facility exit costs primarily consist of liabilities for remaining lease obligations and the impairment of long-lived assets for locations and information technology hardware and software the Company has divested or has ceased using. Other restructuring costs related primarily to other miscellaneous restructuring and exit costs including a loss incurred upon the divestiture of a small business in EMEA. Of the $25.4 million in restructuring expenses recorded during the first nine months of fiscal 2015, $11.8 million related to EM, $12.8 million related to TS, and $0.8 million related to corporate business support functions. As of March 28, 2015, the Company expects the majority of the remaining severance and facility exit costs to be paid by the end of fiscal 2015.

Integration costs are primarily related to the integration of acquired businesses, integration of global or regional businesses, integration of information technology systems, and specific and incremental costs incurred as part of the consolidation, relocation and closure of warehouse and office facilities. Integration costs also include consulting costs for information technology system and business operation integration assistance, 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 consist primarily of professional fees incurred for acquisitions, additional costs incurred for businesses divested or exited in current or 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 2015 were comprised of many different costs, none of which were individually material.

Fiscal 2014

During fiscal 2014, the Company incurred restructuring expenses related to various restructuring actions intended to achieve planned synergies from acquired businesses and to reduce future operating expenses. The following table presents the activity during the first nine months of fiscal 2015 related to the remaining restructuring liabilities established during fiscal 2014:


			Facility
			Exit Costs and
			Asset
	Severance		Impairments		Other		Total
	(Thousands)
Balance at June 28, 2014	$	23,744	$	3,697	$	344	$	27,785
Cash payments		(16,694)		(1,385)		—		(18,079)
Changes in estimates, net		308		93		—		401
Non-cash amounts		(92)		(824)		—		(916)
Other, principally foreign currency translation		(1,742)		(338)		—		(2,080)
Balance at March 28, 2015	$	5,524	$	1,243	$	344	$	7,111

As of March 28, 2015, the Company expects the majority of the remaining severance, facility exit costs and other liabilities to be paid by the end of fiscal 2015.

Fiscal 2013 and prior

As of June 28, 2014, there were $13.1 million of restructuring liabilities remaining related to restructuring actions taken in fiscal years 2013 and prior, the majority of which relates to facility exit costs. The remaining balance for such historical restructuring actions as of March 28, 2015 was $6.3 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. 28, 2015
Basis of presentation and new accounting pronouncements
Basis of presentation	In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments necessary to present fairly Avnet, Inc.'s 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 ("GAAP") 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 28, 2014.
New accounting pronouncements	New accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), to supersede nearly all existing revenue recognition guidance under GAAP. The core principles of ASU 2014-09 are to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. Application of the requirements of ASU 2014-09 may require more judgment and estimates within the revenue recognition process compared to existing GAAP. In April 2015, the FASB proposed a one-year delay in the effective date of ASU 2014-09, which, if approved, would make the effective date for the Company the first quarter of fiscal 2019 instead of the current effective date, which is the first quarter of fiscal 2018. The Company may adopt the requirements of ASU 2014-09 using either of two acceptable adoption methods: (i) retrospective adoption to each prior reporting period presented with the option to elect certain practical expedients as defined within ASU 2014-09; or (ii) adoption with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures as defined within ASU 2014-09. The Company is currently evaluating the potential impact of the future adoption of ASU 2014-09 on its consolidated financial statements, including the method of adoption to be used. During the nine months ended March 28, 2015 there have been no additional new accounting pronouncements that are expected to significantly impact the Company's consolidated financial statements.

Acquisitions and divestitures (Tables)

9 Months Ended

Mar. 28, 2015

Acquisitions and divestitures

Schedule of aggregate consideration

The aggregate consideration, excluding cash acquired, for the fiscal 2014 acquisitions was $219.7 million, which consisted of the following (in thousands):


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

Goodwill and intangible assets (Tables)

9 Months Ended

Mar. 28, 2015

Goodwill and intangible assets

Change in goodwill balances by reportable segment


	Electronics		Technology
	Marketing		Solutions		Total
	(Thousands)
Gross goodwill	$	1,713,567	$	1,014,635	$	2,728,202
Accumulated impairment		(1,045,110)		(334,624)		(1,379,734)
Carrying value at June 28, 2014		668,457		680,011		1,348,468
Adjustments		561		8		569
Foreign currency translation		(41,276)		(45,228)		(86,504)
Carrying value at March 28, 2015	$	627,742	$	634,791	$	1,262,533

Gross goodwill	$	1,672,852	$	969,415	$	2,642,267
Accumulated impairment		(1,045,110)		(334,624)		(1,379,734)
Carrying value at March 28, 2015	$	627,742	$	634,791	$	1,262,533

Company's identifiable acquired intangible assets


	March 28, 2015						June 28, 2014
	Acquired		Accumulated		Net Book		Acquired		Accumulated		Net Book
	Amount		Amortization		Value		Amount		Amortization		Value
	(Thousands)
Customer related	$	291,236	$	(172,958)	$	118,278	$	319,496	$	(155,604)	$	163,892
Trade name		5,187		(1,570)		3,617		5,993		(1,555)		4,438
Other		15,686		(2,744)		12,942		18,833		(2,855)		15,978
	$	312,109	$	(177,272)	$	134,837	$	344,322	$	(160,014)	$	184,308

Estimated future amortization expense

The following table presents the estimated future amortization expense for the remainder of fiscal 2015, the next five fiscal years and thereafter (in thousands):


Fiscal Year
Remainder of fiscal 2015	$	10,841
2016		31,373
2017		29,587
2018		21,165
2019		17,688
2020		15,461
Thereafter		8,722
Total	$	134,837

Debt financing (Tables)

9 Months Ended

Mar. 28, 2015

Debt

Short-term debt

Short-term debt consists of the following (in thousands):


	March 28, 2015		June 28, 2014		March 28, 2015		June 28, 2014
	Interest Rate				Carrying Balance
Bank credit facilities and other	5.56	%	3.20	%	$	100,277	$	250,088
Accounts receivable securitization program	—		0.60	%		—		615,000
Notes due September 1, 2015	6.00	%	—			250,000		—
Short-term debt					$	350,277	$	865,088

Long-term debt

Long-term debt consists of the following (in thousands):


	March 28, 2015		June 28, 2014		March 28, 2015		June 28, 2014
	Interest Rate				Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program	0.58	%	—		$	725,000	$	—
2014 Credit Facility	3.55	%	—			50,000		—
2012 Credit Facility	—		3.55	%		—		12,000
Notes due:
September 1, 2015	—		6.00	%		—		250,000
September 15, 2016	6.63	%	6.63	%		300,000		300,000
June 15, 2020	5.88	%	5.88	%		300,000		300,000
December 1, 2022	4.88	%	4.88	%		350,000		350,000
Other long-term debt	1.42	%	1.40	%		1,901		3,867
Long-term debt before discount						1,726,901		1,215,867
Discount on Notes						(1,663)		(2,053)
Long-term debt					$	1,725,238	$	1,213,814

- 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=34725769&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 and Retirement Plans (Tables)

9 Months Ended

Mar. 28, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Components of net periodic pension costs


	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(Thousands)
Service cost	$	9,873	$	9,183	$	29,619	$	27,549
Interest cost		4,449		4,289		13,347		12,867
Expected return on plan assets		(9,055)		(7,727)		(27,165)		(23,181)
Recognized net actuarial loss		3,251		3,171		9,753		9,513
Amortization of prior service credits		(393)		(393)		(1,179)		(1,179)
Net periodic pension cost	$	8,125	$	8,523	$	24,375	$	25,569

Earnings per share (Tables)

9 Months Ended

Mar. 28, 2015

Earnings per share

Basic and diluted earnings per share calculation


	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(Thousands, except per share data)
Numerator:
Net income	$	121,529	$	113,851	$	413,180	$	359,339
Denominator:
Weighted average common shares for basic earnings per share		136,046		138,418		136,965		137,845
Net effect of dilutive stock options, restricted incentive shares and performance shares		1,675		1,761		2,216		2,170
Weighted average common shares for diluted earnings per share		137,721		140,179		139,181		140,015
Basic earnings per share	$	0.89	$	0.82	$	3.02	$	2.61
Diluted earnings per share	$	0.88	$	0.81	$	2.97	$	2.57
Stock options excluded from earnings per share calculation due to anti-dilutive effect		—		—		—		—

Additional Cash Flow Information (Tables)

9 Months Ended

Mar. 28, 2015

Additional cash flow information

Interest and income taxes paid


	Nine Months Ended
	March 28,		March 29,
	2015		2014
	(Thousands)
Interest	$	80,478	$	86,844
Income taxes	$	122,056	$	165,885

Segment information (Tables)

9 Months Ended

Mar. 28, 2015

Segment information

Table of the Company's segments and the related financial information for each


	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(Thousands)
Sales:
Electronics Marketing	$	4,219,528	$	4,133,004	$	13,028,812	$	12,225,911
Technology Solutions		2,517,332		2,550,612		8,099,514		8,225,034
	$	6,736,860	$	6,683,616	$	21,128,326	$	20,450,945
Operating income (expense):
Electronics Marketing	$	197,287	$	193,437	$	591,447	$	540,905
Technology Solutions		68,098		60,887		248,072		243,703
Corporate		(34,992)		(30,530)		(110,805)		(98,126)
		230,393		223,794		728,714		686,482
Restructuring, integration and other expenses (Note 13)		(15,494)		(26,083)		(47,071)		(66,624)
Amortization of acquired intangible assets and other		(11,187)		(12,868)		(34,447)		(34,456)
	$	203,712	$	184,843	$	647,196	$	585,402
Sales, by geographic area:
Americas (1)	$	2,677,745	$	2,567,139	$	8,376,754	$	8,119,450
EMEA (2)		1,969,069		2,160,383		6,006,500		6,105,393
Asia/Pacific (3)		2,090,046		1,956,094		6,745,072		6,226,102
	$	6,736,860	$	6,683,616	$	21,128,326	$	20,450,945

Table of Assets by reportable segment and long-lived assets by geographic area


	March 28,		June 28,
	2015		2014
	(Thousands)
Assets:
Electronics Marketing	$	6,367,106	$	6,840,166
Technology Solutions		3,699,717		4,140,230
Corporate		547,682		275,121
	$	10,614,505	$	11,255,517
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	340,844	$	306,167
EMEA (2)		179,385		199,374
Asia/Pacific		28,204		29,458
	$	548,433	$	534,999

(1)Includes property, plant and equipment, net, of $335.4 million and $298.1 million as of March 28, 2015 and June 28, 2014, respectively, in the United States.

Restructuring, integration and other expenses (Tables)

9 Months Ended

Mar. 28, 2015

Restructuring Cost and Reserve [Line Items]

Table presenting the restructuring, integration and other expenses incurred


	Third Quarter Ended		Nine Months Ended
	March 28, 2015		March 28, 2015
	(Thousands, except per share data)
Restructuring expenses	$	8,095	$	25,447
Integration costs		5,269		15,559
Other costs including acquisition costs		2,443		6,156
Changes in estimates for prior year restructuring liabilities		(313)		(91)
Restructuring, integration and other expenses before tax	$	15,494	$	47,071
Restructuring, integration and other expenses after tax	$	12,035	$	35,383
Restructuring, integration and other expenses per share on a diluted basis	$	0.09	$	0.25

Fiscal Year 2015 [Member]

Restructuring Cost and Reserve [Line Items]


			Facility
			Exit Costs and
			Asset
	Severance		Impairments		Other		Total
	(Thousands)
Fiscal 2015 restructuring expenses	$	9,455	$	10,802	$	5,190	$	25,447
Cash payments		(6,642)		(4,279)		—		(10,921)
Non-cash amounts		—		(2,395)		(5,190)		(7,585)
Other, principally foreign currency translation		(201)		(228)		—		(429)
Balance at March 28, 2015	$	2,612	$	3,900	$	—	$	6,512

Fiscal Year 2014 [Member]

Restructuring Cost and Reserve [Line Items]


			Facility
			Exit Costs and
			Asset
	Severance		Impairments		Other		Total
	(Thousands)
Balance at June 28, 2014	$	23,744	$	3,697	$	344	$	27,785
Cash payments		(16,694)		(1,385)		—		(18,079)
Changes in estimates, net		308		93		—		401
Non-cash amounts		(92)		(824)		—		(916)
Other, principally foreign currency translation		(1,742)		(338)		—		(2,080)
Balance at March 28, 2015	$	5,524	$	1,243	$	344	$	7,111

Acquisitions and divestitures (2014 Acquisitions) (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 29, 2014 USD ($)	Jun. 28, 2014 USD ($) item
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 116,882
Contingent consideration
Contingent consideration	$ 38,100
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Number of businesses acquired \| item		3
Business acquisition, aggregate annualized revenue of acquired businesses		$ 492,000
Payments to Acquire Businesses, Net of Cash Acquired		116,900
Contingent consideration
Payments to Acquire Businesses, Gross		181,645
Contingent consideration		38,081
Total consideration		219,726
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 50,000

Goodwill and intangible assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 28, 2015	Jun. 28, 2014
Carrying amount of goodwill, by reportable segment
Carrying value	$ 1,348,468
Adjustments	569
Foreign currency translation	(86,504)
Carrying value	1,262,533
Gross Goodwill	2,642,267	$ 2,728,202
Accumulated Impairment	(1,379,734)	(1,379,734)
Electronics Marketing [Member]
Carrying amount of goodwill, by reportable segment
Carrying value	668,457
Adjustments	561
Foreign currency translation	(41,276)
Carrying value	627,742
Gross Goodwill	1,672,852	1,713,567
Accumulated Impairment	(1,045,110)	(1,045,110)
Technology Solutions [Member]
Carrying amount of goodwill, by reportable segment
Carrying value	680,011
Adjustments	8
Foreign currency translation	(45,228)
Carrying value	634,791
Gross Goodwill	969,415	1,014,635
Accumulated Impairment	$ (334,624)	$ (334,624)

Goodwill and intangible assets Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 28, 2015	Jun. 28, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 312,109	$ 344,322
Accumulated Amortization	(177,272)	(160,014)
Net Book Value	134,837	184,308
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	291,236	319,496
Accumulated Amortization	(172,958)	(155,604)
Net Book Value	118,278	163,892
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,187	5,993
Accumulated Amortization	(1,570)	(1,555)
Net Book Value	3,617	4,438
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	15,686	18,833
Accumulated Amortization	(2,744)	(2,855)
Net Book Value	$ 12,942	$ 15,978

Goodwill and intangible assets (Estimated Future Amortization Expense) (Details) - USD ($) $ in Thousands	Mar. 28, 2015	Jun. 28, 2014
Fiscal Year:
Remainder of fiscal 2015	$ 10,841
2016	31,373
2017	29,587
2018	21,165
2019	17,688
2020	15,461
Thereafter	8,722
Net Book Value	$ 134,837	$ 184,308

Goodwill and intangible assets Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Goodwill and intangible assets
Weighted average life of intangible assets	5 years	5 years
Intangible asset amortization expense	$ 10,600	$ 12,200	$ 32,630	$ 33,081

Debt (Details) - USD ($) $ in Thousands	Mar. 28, 2015	Jun. 28, 2014
Components of short-term debt
Debt, Current, Total	$ 350,277	$ 865,088
Bank credit facilities and other
Components of short-term debt
Short-term Debt, Weighted Average Interest Rate	5.56%	3.20%
Short-term borrowings	$ 100,277	$ 250,088
Accounts receivable securitization program
Components of short-term debt
Current portion of long-term debt, stated interest rate		0.60%
Current portion of long-term debt		$ 615,000
Notes Due September 1, 2015
Components of short-term debt
Current portion of long-term debt, stated interest rate	6.00%
Current portion of long-term debt	$ 250,000

Debt (Details) - USD ($) $ in Thousands	Mar. 28, 2015	Jun. 28, 2014
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,726,901	$ 1,215,867
Debt Instrument, Unamortized Discount	(1,663)	(2,053)
Long-term debt	$ 1,725,238	$ 1,213,814
Accounts receivable securitization program
Debt Instrument [Line Items]
Long-term debt, stated interest rate		0.60%
Notes Due September 1, 2015
Debt Instrument [Line Items]
Long-term debt, stated interest rate	6.00%
Revolving credit facilities \| Accounts receivable securitization program
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate	0.58%
Long-term Debt, Gross	$ 725,000
Revolving credit facilities \| 2014 Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate	3.55%
Long-term Debt, Gross	$ 50,000
Revolving credit facilities \| 2012 Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate		3.55%
Long-term Debt, Gross		$ 12,000
Notes due \| Notes Due September 1, 2015
Debt Instrument [Line Items]
Long-term debt, stated interest rate		6.00%
Long-term Debt, Gross		$ 250,000
Notes due \| Notes due September 15, 2016
Debt Instrument [Line Items]
Long-term debt, stated interest rate	6.63%	6.63%
Long-term Debt, Gross	$ 300,000	$ 300,000
Notes due \| Notes due June 15, 2020
Debt Instrument [Line Items]
Long-term debt, stated interest rate	5.88%	5.88%
Long-term Debt, Gross	$ 300,000	$ 300,000
Notes due \| 4.875% Notes due December 1, 2022
Debt Instrument [Line Items]
Long-term debt, stated interest rate	4.88%	4.88%
Long-term Debt, Gross	$ 350,000	$ 350,000
Other long-term debt
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate	1.42%	1.40%
Long-term Debt, Gross	$ 1,901	$ 3,867

Debt Textuals (Details) - USD ($) $ in Millions	9 Months Ended
Debt Textuals (Details) - USD ($) $ in Millions	Mar. 28, 2015	Jun. 28, 2014
Company's total debt
Total carrying value	$ 2,080.0	$ 2,080.0
Total fair value	2,170.0	2,190.0
2014 Credit Facility \| Revolving credit facilities
Debt Instrument [Line Items]
Maximum borrowing amount	$ 1,250.0
Term	5 years
2014 Credit Facility \| Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing amount	$ 150.0
Letters of credit outstanding, amount	1.9
2012 Credit Facility \| Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of credit outstanding, amount		2.0
Accounts receivable securitization program \| Revolving credit facilities
Debt Instrument [Line Items]
Maximum borrowing amount	900.0
Receivables Owned by Special Purpose Entity	$ 1,470.0	$ 1,650.0
Term	2 years
Program facility fee	0.38%
Accounts receivable securitization program \| Base Rate or Commercial Paper [Member] \| Revolving credit facilities
Debt Instrument [Line Items]
Spread over base rate	0.38%

Derivative financial instruments Textuals (Details)	9 Months Ended
Derivative financial instruments Textuals (Details)	Mar. 28, 2015
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Maximum maturity of foreign exchange contracts (less than 60 days)	60 days

Commitments and contingencies Textuals (Details) - Bell Microproducts Inc [Member] $ in Millions	Mar. 28, 2015 USD ($)
Loss Contingency, Estimate [Abstract]
Contingent liability recognized	$ 10.0
Potential exposure, maximum	$ 73.0

Commitments and contingencies Litigation settlement Textuals 2 (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Award payment
Gain on legal settlement	$ 2,965		$ 22,102
LCD Class Action Settlement
Award payment
Gain on legal settlement	$ 3,000	$ 19,100

Income taxes textuals (Details)	3 Months Ended		9 Months Ended
Income taxes textuals (Details)	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Income taxes
Effective tax rate	28.90%	31.00%	26.10%	31.60%

Pension plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pension plan (Details) - USD ($) $ in Thousands	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Components of net periodic pension costs
Service cost	$ 9,873	$ 9,183	$ 29,619	$ 27,549
Interest cost	4,449	4,289	13,347	12,867
Expected return on plan assets	(9,055)	(7,727)	(27,165)	(23,181)
Recognized net actuarial loss	3,251	3,171	9,753	9,513
Amortization of prior service credit	(393)	(393)	(1,179)	(1,179)
Net periodic pension cost	$ 8,125	$ 8,523	$ 24,375	$ 25,569

Pension plan textuals (Details) $ in Millions	9 Months Ended
Pension plan textuals (Details) $ in Millions	Mar. 28, 2015 USD ($)
Pension plan
Defined benefit plans, estimated future employer contributions each remaining quarter of current fiscal year	$ 10.0
Current year-to-date contributions	$ 30.0

Share repurchase program textuals (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Mar. 28, 2015	Feb. 21, 2015	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014	Nov. 30, 2014
Shareholders' equity
Authorized repurchase of common stock under Share Repurchase Program							$ 1,000,000
Stock Repurchased and Retired During Period, Shares			0.9
Average market price per shares repurchased during period (in dollars per share)			$ 41.97
Stock Repurchased and Retired During Period, Value			$ 38,800
Aggregate number of shares repurchased since inception (in shares)	21.7		21.7		21.7
Aggregate cost of shares repurchased since inception	$ 681,700		$ 681,700		$ 681,700
Stock Repurchase Program, Remaining Authorized Repurchase Amount	318,300		$ 318,300		$ 318,300
Cash dividends paid per common share (in dollars per share)		$ 0.16	$ 0.16	$ 0.15	$ 0.48	$ 0.45
Dividends paid on common stock	$ 21,700				$ 65,602	$ 62,009

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Numerator:
Net income	$ 121,529	$ 113,851	$ 413,180	$ 359,339
Denominator:
Weighted average common shares for basic earnings per share	136,046	138,418	136,965	137,845
Net effect of dilutive stock option, restricted stock and performance share awards	1,675	1,761	2,216	2,170
Weighted average common shares for diluted earnings per share	137,721	140,179	139,181	140,015
Basic earnings per share	$ 0.89	$ 0.82	$ 3.02	$ 2.61
Diluted earnings per share	$ 0.88	$ 0.81	$ 2.97	$ 2.57

- 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

Additional cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014
Additional cash flow information
Non-cash financing activities, contingent		$ 38,100
Interest and income taxes paid
Interest paid	$ 80,478	86,844
Income taxes paid	$ 122,056	$ 165,885

Segment information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment information (Details) - USD ($) $ in Thousands	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014	Jun. 28, 2014
Sales, by segment
Sales	$ 6,736,860	$ 6,683,616	$ 21,128,326	$ 20,450,945
Operating income (expense):
Operating income (expense) before restructuring charges, integration, amortization of acquired intangible assets, and other	230,393	223,794	728,714	686,482
Restructuring, integration and other expenses (Note 13)	(15,494)	(26,083)	(47,071)	(66,624)
Amortization of acquired intangible assets and other	(11,187)	(12,868)	(34,447)	(34,456)
Operating income	203,712	184,843	647,196	585,402
Assets:
Assets	10,614,505		10,614,505		$ 11,255,517
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	548,433		548,433		534,999
Americas
Sales, by segment
Sales	2,677,745	2,567,139	8,376,754	8,119,450
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	340,844		340,844		306,167
United States
Sales, by segment
Sales	2,390,000	2,300,000	7,450,000	7,200,000
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	335,400		335,400		298,100
EMEA
Sales, by segment
Sales	1,969,069	2,160,383	6,006,500	6,105,393
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	179,385		179,385		199,374
Germany
Sales, by segment
Sales	688,700	861,400	2,220,000	2,500,000
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	73,900		73,900		95,500
United Kingdom
Sales, by segment
Sales	372,300		1,120,000
Belgium
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	73,500		73,500		61,000
Asia Pacific
Sales, by segment
Sales	2,090,046	1,956,094	6,745,072	6,226,102
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	28,204		28,204		29,458
China (including Hong Kong)
Sales, by segment
Sales	667,500	700,300	2,130,000	2,200,000
Taiwan
Sales, by segment
Sales	802,200,000	605,700	2,620,000	2,000,000
Corporate
Operating income (expense):
Operating income (expense) before restructuring charges, integration, amortization of acquired intangible assets, and other	(34,992)	(30,530)	(110,805)	(98,126)
Assets:
Assets	547,682		547,682		275,121
Electronics Marketing [Member]
Sales, by segment
Sales	4,219,528	4,133,004	13,028,812	12,225,911
Electronics Marketing [Member] \| Segment
Operating income (expense):
Operating income (expense) before restructuring charges, integration, amortization of acquired intangible assets, and other	197,287	193,437	591,447	540,905
Assets:
Assets	6,367,106		6,367,106		6,840,166
Technology Solutions [Member]
Sales, by segment
Sales	2,517,332	2,550,612	8,099,514	8,225,034
Technology Solutions [Member] \| Segment
Operating income (expense):
Operating income (expense) before restructuring charges, integration, amortization of acquired intangible assets, and other	68,098	$ 60,887	248,072	$ 243,703
Assets:
Assets	$ 3,699,717		$ 3,699,717		$ 4,140,230

Restructuring, integration and other expenses (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Charges related to the acquisition and integration activities [Abstract]
Restructuring expenses	$ 8,095		$ 25,447
Integration costs	5,269		15,559
Other costs including acquisition costs	2,443		6,156
Changes in estimates for prior restructuring liabilities	(313)		(91)
Restructuring, integration and other expenses before tax	15,494	$ 26,083	47,071	$ 66,624
Restructuring, integration and other expenses after tax	$ 12,035		$ 35,383
Restructuring, integration and other expenses per share on a diluted basis (in dollars per share)	$ 0.09		$ 0.25

Restructuring, integration and other expenses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 28, 2015	Mar. 28, 2015
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses	$ 8,095	$ 25,447
Fiscal Year 2015 restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses		25,447
Activity related to the restructuring reserves
Cash payments		(10,921)
Non-cash amounts		(7,585)
Other, principally foreign currency translation		(429)
Balance at December 27, 2014	6,512	6,512
Fiscal Year 2014 restructuring liabilites
Activity related to the restructuring reserves
Balance at June 28, 2014		27,785
Cash payments		(18,079)
Changes in estimates, net		401
Non-cash amounts		(916)
Other, principally foreign currency translation		(2,080)
Balance at December 27, 2014	7,111	7,111
Employee Severance \| Fiscal Year 2015 restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses		9,455
Activity related to the restructuring reserves
Cash payments		(6,642)
Other, principally foreign currency translation		(201)
Balance at December 27, 2014	2,612	2,612
Employee Severance \| Fiscal Year 2014 restructuring liabilites
Activity related to the restructuring reserves
Balance at June 28, 2014		23,744
Cash payments		(16,694)
Changes in estimates, net		308
Non-cash amounts		(92)
Other, principally foreign currency translation		(1,742)
Balance at December 27, 2014	5,524	5,524
Facility Closing \| Fiscal Year 2015 restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses		10,802
Activity related to the restructuring reserves
Cash payments		(4,279)
Non-cash amounts		(2,395)
Other, principally foreign currency translation		(228)
Balance at December 27, 2014	3,900	3,900
Facility Closing \| Fiscal Year 2014 restructuring liabilites
Activity related to the restructuring reserves
Balance at June 28, 2014		3,697
Cash payments		(1,385)
Changes in estimates, net		93
Non-cash amounts		(824)
Other, principally foreign currency translation		(338)
Balance at December 27, 2014	1,243	1,243
Other Restructuring \| Fiscal Year 2015 restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses		5,190
Activity related to the restructuring reserves
Non-cash amounts		(5,190)
Other Restructuring \| Fiscal Year 2014 restructuring liabilites
Activity related to the restructuring reserves
Balance at June 28, 2014		344
Balance at December 27, 2014	$ 344	$ 344

Restructuring, integration and other expenses textuals (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 28, 2015 USD ($)	Mar. 28, 2015 USD ($) employee	Jun. 28, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 8,095	$ 25,447
Business Support
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		800
Fiscal Year 2015 restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		25,447
Restructuring Reserve	6,512	6,512
Fiscal Year 2015 restructuring liabilites \| EM
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		11,800
Fiscal Year 2015 restructuring liabilites \| TS
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		$ 12,800
Fiscal Year 2015 restructuring liabilites \| Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, range of positions eliminated, low end \| employee		200
Fiscal Year 2014 restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	7,111	$ 7,111	$ 27,785
Fiscal Year 2013 and Prior restructuring liabilites
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 6,300	$ 6,300	$ 13,100