Arrow Electronics (ARW) 10-K 11 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 04, 2025	Jun. 28, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	1-4482
Entity Registrant Name	ARROW ELECTRONICS, INC.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-1806155
Entity Address, Address Line One	9151 East Panorama Circle
Entity Address, City or Town	Centennial
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112
City Area Code	303
Local Phone Number	824-4000
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	ARW
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document financial statement error correction	false
Entity Shell Company	false
Entity Public Float			$ 6,372,985,825
Entity Common Stock, Shares Outstanding		52,172,303
Entity Central Index Key	0000007536
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Documents Incorporated by Reference	The definitive proxy statement related to the registrant’s 2025 Annual Meeting of Shareholders, is incorporated by reference in Part III to the extent described therein. The definitive proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of December 31, 2024

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Denver, Colorado
Auditor Firm ID	42

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS
Sales	$ 27,923,324	$ 33,107,120	$ 37,124,422
Cost of sales	24,630,916	28,958,102	32,287,797
Gross profit	3,292,408	4,149,018	4,836,625
Operating expenses:
Selling, general, and administrative	2,217,940	2,412,822	2,567,008
Depreciation and amortization	162,994	181,116	187,382
Restructuring, integration and other	142,917	83,916	13,741
Total operating expenses	2,523,851	2,677,854	2,768,131
Operating income	768,557	1,471,164	2,068,494
Equity in earnings of affiliated companies	1,368	6,407	7,664
(Loss) gain on investments, net	(4,830)	19,284	(2,857)
Loss on extinguishment of debt	(1,657)	0	0
Employee benefit plan expense, net	(4,285)	(3,777)	(3,503)
Interest and other financing expense, net	(269,834)	(328,724)	(185,648)
Income before income taxes	489,319	1,164,354	1,884,150
Provision for income taxes	95,812	254,991	448,992
Consolidated net income	393,507	909,363	1,435,158
Noncontrolling interests	1,433	5,858	8,274
Net income attributable to shareholders	$ 392,074	$ 903,505	$ 1,426,884
Net income per share:
Basic (in dollars per share)	$ 7.36	$ 16.03	$ 22.01
Diluted (in dollars per share)	$ 7.29	$ 15.84	$ 21.80
Weighted-average shares outstanding:
Basic (in shares)	53,282	56,359	64,838
Diluted (in shares)	53,797	57,035	65,453

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Consolidated net income	$ 393,507	$ 909,363	$ 1,435,158
Other comprehensive income (loss):
Foreign currency translation adjustment and other, net of taxes	(225,564)	74,800	(231,464)
Gain (loss) on foreign exchange contracts designated as net investment hedges, net of taxes	7,859	(7,952)	8,779
(Loss) gain on interest rate swaps designated as cash flow hedges, net of taxes	(1,137)	2,783	28,664
Employee benefit plan items, net of taxes	4,854	(1,277)	18,724
Other comprehensive income (loss)	(213,988)	68,354	(175,297)
Comprehensive income	179,519	977,717	1,259,861
Less: Comprehensive (loss) income attributable to noncontrolling interests	(1,325)	6,989	6,582
Comprehensive income attributable to shareholders	$ 180,844	$ 970,728	$ 1,253,279

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 188,807	$ 218,053
Accounts receivable, net	13,030,991	12,238,073
Inventories	4,709,706	5,187,225
Other current assets	471,909	684,126
Total current assets	18,401,413	18,327,477
Property, plant, and equipment, at cost:
Land	5,691	5,691
Buildings and improvements	194,061	195,579
Machinery and equipment	1,623,228	1,632,606
Property, plant, and equipment, gross	1,822,980	1,833,876
Less: Accumulated depreciation and amortization	(1,353,720)	(1,303,136)
Property, plant, and equipment, net	469,260	530,740
Investments in affiliated companies	57,299	62,741
Intangible assets, net	96,706	127,440
Goodwill	2,055,295	2,050,426
Other assets	677,734	627,344
Total assets	21,757,707	21,726,168
LIABILITIES AND EQUITY
Accounts payable	11,047,470	10,070,015
Accrued expenses	1,238,714	1,463,915
Short-term borrowings, including current portion of long-term debt	349,978	1,653,954
Total current liabilities	12,636,162	13,187,884
Long-term debt	2,773,783	2,153,553
Other liabilities	516,234	507,424
Contingencies (Note 15)
Equity:
Common stock, par value $1: Authorized - 160,000 shares in both 2024 and 2023 Issued - 55,592 and 57,691 shares in 2024 and 2023, respectively	55,592	57,691
Capital in excess of par value	562,080	553,340
Treasury stock (3,420 and 3,880 shares in 2024 and 2023, respectively), at cost	(328,078)	(297,745)
Retained earnings	5,980,826	5,790,217
Accumulated other comprehensive loss	(509,269)	(298,039)
Total shareholders' equity	5,761,151	5,805,464
Noncontrolling interests	70,377	71,843
Total equity	5,831,528	5,877,307
Total liabilities and equity	$ 21,757,707	$ 21,726,168

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	160,000	160,000
Common stock, shares issued	55,592	57,691
Treasury stock, shares	3,420	3,880

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Consolidated net income	$ 393,507	$ 909,363	$ 1,435,158
Adjustments to reconcile consolidated net income to net cash provided by (used for) operations:
Depreciation and amortization	162,994	181,116	187,382
Amortization of stock-based compensation	34,631	41,569	42,930
Equity in earnings of affiliated companies	(1,368)	(6,407)	(7,664)
Deferred income taxes	(99,866)	(93,980)	(13,050)
Loss on extinguishment of debt	1,657	0	0
Loss (gain) on investments, net	5,260	(12,466)	2,857
Other	5,328	22,590	3,612
Change in assets and liabilities, net of effects of acquired businesses:
Accounts receivable, net	(1,013,091)	189,425	(1,430,400)
Inventories	421,063	139,313	(1,165,785)
Accounts payable	1,092,488	(457,382)	945,819
Accrued expenses	(140,871)	38,601	102,193
Other assets and liabilities	268,681	(246,293)	(136,129)
Net cash provided by (used for) operating activities	1,130,413	705,449	(33,077)
Cash flows from investing activities:
Acquisition of property, plant, and equipment	(92,703)	(83,285)	(78,836)
Proceeds from sale of property, plant, and equipment	5,157	0	0
Cash consideration paid for acquired businesses, net of cash acquired	(34,834)	0	0
Proceeds from collections of notes receivable	0	237	21,125
Proceeds from settlement of net investment hedge	10,635	10,725	0
Other	17,303	0	0
Net cash used for investing activities	(94,442)	(72,323)	(57,711)
Cash flows from financing activities:
Change in short-term and other borrowings	(1,155,909)	866,012	258,816
Proceeds from (repayments of) long-term bank borrowings, net	470,347	(1,031,881)	1,233,250
Redemption of notes	(1,000,000)	(300,000)	(350,000)
Net proceeds from note offering	989,564	496,268	0
Proceeds from exercise of stock options	5,354	17,010	17,340
Repurchases of common stock	(265,142)	(770,200)	(1,049,487)
Settlement of forward-starting interest rate swap	0	56,711	0
Other	(1,041)	(142)	(137)
Net cash (used for) provided by financing activities	(956,827)	(666,222)	109,782
Effect of exchange rate changes on cash	(108,390)	74,234	(64,273)
Net (decrease) increase in cash and cash equivalents	(29,246)	41,138	(45,279)
Cash and cash equivalents at beginning of year	218,053	176,915	222,194
Cash and cash equivalents at end of year	$ 188,807	$ 218,053	$ 176,915

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Stock at Par Value	Capital in Excess of Par Value	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests	Total
Balance at Dec. 31, 2021	$ 125,424	$ 1,189,845	$ (3,629,265)	$ 7,787,948	$ (191,657)	$ 58,551	$ 5,340,846
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Consolidated net income	0	0	0	1,426,884	0	8,274	1,435,158
Other comprehensive income (loss)	0	0	0	0	(173,605)	(1,692)	(175,297)
Amortization of stock-based compensation	0	42,930	0	0	0	0	42,930
Shares issued for stock-based compensation awards	0	(24,067)	41,407	0	0	0	17,340
Repurchases of common stock	0	0	(1,049,487)	0	0	0	(1,049,487)
Distributions	0	0	0	0	0	(137)	(137)
Balance at Dec. 31, 2022	125,424	1,208,708	(4,637,345)	9,214,832	(365,262)	64,996	5,611,353
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Consolidated net income	0	0	0	903,505	0	5,858	909,363
Other comprehensive income (loss)	0	0	0	0	67,223	1,131	68,354
Amortization of stock-based compensation	0	41,569	0	0	0	0	41,569
Shares issued for stock-based compensation awards	0	(38,536)	55,546	0	0	0	17,010
Repurchases of common stock	0	0	(770,200)	0	0	0	(770,200)
Retirement of treasury stock	(67,733)	(658,401)	5,054,254	(4,328,120)	0	0	0
Distributions	0	0	0	0	0	(142)	(142)
Balance at Dec. 31, 2023	57,691	553,340	(297,745)	5,790,217	(298,039)	71,843	5,877,307
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Consolidated net income	0	0	0	392,074	0	1,433	393,507
Other comprehensive income (loss)	0	0	0	0	(211,230)	(2,758)	(213,988)
Amortization of stock-based compensation	0	34,631	0	0	0	0	34,631
Shares issued for stock-based compensation awards	375	(993)	5,972	0	0	0	5,354
Repurchases of common stock	0	0	(265,142)	0	0	0	(265,142)
Retirement of treasury stock	(2,474)	(24,898)	228,837	(201,465)	0	0	0
Distributions	0	0	0	0	0	(141)	(141)
Balance at Dec. 31, 2024	$ 55,592	$ 562,080	$ (328,078)	$ 5,980,826	$ (509,269)	$ 70,377	$ 5,831,528

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements of Arrow Electronics, Inc. (the “company” or “Arrow”) include the accounts of the company, its majority-owned subsidiaries, and Arrow EMEA Funding Corp B.V. (see Note 4). All significant intercompany transactions are eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP in the United States requires the company to make significant estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Cash and Cash Equivalents Cash equivalents consist of highly liquid investments, which are readily convertible into cash, with original maturities of three months or less. Trade Accounts Receivable Trade accounts receivable are reported at amortized cost, net of the allowance for credit losses in the consolidated balance sheets. The allowance for credit losses is a valuation account that is deducted from the receivables’ amortized cost basis to present the net amount expected to be collected. Receivables are written off against the allowance when management believes the receivable balance is confirmed to be uncollectible. Management estimates the allowance for credit losses using relevant available information about expected credit losses and an age-based reserve model. Inputs to the model include information about historical credit losses, customer credit ratings, past events, current conditions, and reasonable and supportable forecasts. Adjustments to historical loss information are made for differences in current receivable-specific risk characteristics such as changes in the economic and industry environment, or other relevant factors. Expected credit losses are estimated on a collective (pool) basis, when similar risk characteristics exist, based on customer credit ratings, which include both externally acquired as well as internally determined credit ratings. Receivables that do not share risk characteristics are evaluated on an individual basis. Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on a moving average cost basis, which approximates the first-in, first-out method. Substantially all inventories represent finished goods held for sale. Property, Plant, and Equipment Property, plant, and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives for depreciation of buildings is generally 20 30 3 10 level. Asset groups are determined based upon the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. If the carrying value of an asset group cannot be recovered from estimated future cash flows, undiscounted and without interest, the fair value of the asset is calculated using the present value of estimated net future cash flows. If the fair value is less than the carrying amount of the asset, a loss is recognized for the difference, subject to the limitation of individual asset fair values within the group. Software Development Costs The company capitalizes certain internal and external costs incurred to acquire or create internal-use software. Capitalized software costs are amortized on a straight-line basis over the estimated useful life of the software, which is generally 3 12 Identifiable Intangible Assets Amortization of definite-lived intangible assets is computed using the straight-line method over the estimated useful lives of the assets. Identifiable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Investments Investments are accounted for using the equity method if the investment provides the company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the company has an ownership interest in the voting stock of the investee between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method is appropriate. The company records its investments in equity method investees meeting these characteristics as “Equity in earnings of affiliated companies” in the company’s consolidated statements of operations and “Investments in affiliated companies” in the company’s consolidated balance sheets. Equity investments for which the company does not possess the ability to exercise significant influence are measured at fair value using quoted market prices, and are included in “Other assets” in the company’s consolidated balance sheets. Changes in fair value are recorded in “(Loss) gain on investments, net” in the company’s consolidated statements of operations. The company records equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes. Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill for impairment annually as of the first day of the fourth quarter and/or when an event occurs or circumstances change such that it is more likely than not that an impairment may exist. Examples of such events and circumstances that the company would consider include the following: ● macroeconomic conditions such as deterioration in general economic conditions, limitations on accessing capital, fluctuations in foreign exchange rates, or other developments in equity and credit markets; ● industry and market considerations such as a deterioration in the environment in which the company operates, an increased competitive environment, a decline in market-dependent multiples or metrics (considered in both absolute terms and relative to peers), a change in the market for the company’s products or services, or a regulatory or political development; ● cost factors such as increases in inventory, labor, or other costs that have a negative effect on earnings and cash flows; ● overall financial performance such as negative or declining cash flows or a decline in actual or planned revenue or earnings compared with actual and projected results of relevant prior periods; ● other relevant entity-specific events such as changes in management, key personnel, strategy, or customers, contemplation of bankruptcy, or litigation; ● events affecting a reporting unit such as a change in the composition or carrying amount of its net assets, a more likely than not expectation of selling or disposing all, or a portion, of a reporting unit, the testing for recoverability of a significant asset group within a reporting unit, or recognition of a goodwill impairment loss in the financial statements of a subsidiary that is a component of a reporting unit; and ● a sustained decrease in share price (considered in both absolute terms and relative to peers). Goodwill is tested at a level of reporting referred to as the reporting unit. Below is a list of the company’s reporting units and the respective allocation of goodwill: ​ ​ ​ ​ ​ ​ ​ (thousands) ​ 2024 Americas Components ​ $ 563,135 EMEA Components ​ 115,651 Asia/Pacific Components (a) ​ ​ — eInfochips ​ ​ 223,659 ​ ​ ​ ​ Americas ECS ​ ​ 776,765 EMEA ECS ​ ​ 376,085 Consolidated ​ $ 2,055,295 (a) Within the global components reportable segment, the Asia/Pacific reporting unit’s goodwill was previously fully impaired. The company performs a quantitative goodwill impairment test annually and this test is used to both identify and measure impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit is less than its fair value, no impairment exists. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The company estimates the fair value of a reporting unit using the income approach. For the purposes of the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The assumptions included in the income approach include forecasted revenues, gross profit margins, operating income margins, working capital, perpetual growth rates, income tax rates, and long-term discount rates, among others, all of which require significant judgments by management. Actual results may differ from those assumed in the company’s forecasts. The company also reconciles its discounted cash flow analysis to its current market capitalization allowing for a reasonable control premium. As of the first day of the fourth quarters of 2024, 2023, and 2022, the company’s annual impairment testing did not indicate impairment at any of the company’s reporting units. As of the date of the company’s 2024 annual impairment test, the fair value of all reporting units exceeded their carrying values by more than 38%. Discount rates are one of the more significant assumptions used in the income approach. If the company increased the discount rates used by 100 basis points, the fair value of all reporting units would still exceed their carrying values by more than 24%. A decline in general economic conditions or global equity valuations could impact the judgments and assumptions about the fair value of the company’s businesses, and the company could be required to record an impairment charge in the future, which could impact the company’s consolidated balance sheets, as well as the company’s consolidated statements of operations. If the company was required to recognize an impairment charge in the future, the charge would not impact the company’s consolidated cash flows, current liquidity, capital resources, and covenants under its existing revolving credit facility, North American asset securitization program, other outstanding borrowings, and EMEA asset securitization program. Leases The company determines if a contract contains a lease at inception based on whether it conveys the right to control the use of an identified asset. Substantially all of the company’s leases are classified as operating leases. The company records operating lease right-of-use assets within “Other assets” and lease liabilities are recorded within “Other liabilities” and “Accrued expenses” in the consolidated balance sheets. Lease expenses are recorded within “Selling, general, and administrative” in the consolidated statements of operations. Operating lease payments are presented within “Operating cash flows” in the consolidated statements of cash flows. Operating lease right-of-use assets and lease liabilities are recognized based on the net present value of future minimum lease payments over the lease term starting on the commencement date. The company generally is not able to determine the rate implicit in its leases and, as such, applies an incremental borrowing rate based on the company’s cost of borrowing for the relevant terms of each lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Lease terms may include an option to extend or terminate a lease if it is reasonably certain that the company will exercise such options. The company does not separate lease components from non-lease components, and also has elected not to record a right-of-use asset or lease liability for leases which, at inception, have a term of twelve months or less. Variable lease payments are recognized in the period in which the obligation for those payments is incurred. Foreign Currency Translation and Remeasurement The assets and liabilities of international operations are translated at the exchange rates in effect at the balance sheet date. Revenue and expense accounts are translated at the monthly average exchange rates. Adjustments arising from the translation of the foreign currency financial statements of the company’s international operations are reported as a component of “Accumulated other comprehensive loss” in the company’s consolidated balance sheets. For foreign currency remeasurement from each local currency into the appropriate functional currency, monetary assets and liabilities are remeasured to functional currencies using current exchange rates in effect at the balance sheet date. Gains or losses from these remeasurements were not significant and have been included in the company’s consolidated statements of operations. Non-monetary assets and liabilities are recorded at historical exchange rates. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date. Income Taxes Income taxes are accounted for under the liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. 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. Should the company determine that it is more likely than not that some portion or all of its deferred tax assets will not be realized, a valuation allowance to reduce the deferred tax assets is established in the period such determination is made. The assessment of the need for a valuation allowance requires judgment on the part of management with respect to the benefits that could be realized from future taxable income, as well as other positive and negative factors. It is also the company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. To the extent the company prevails in matters for which a liability for an unrecognized tax benefit is established, or is required to pay amounts in excess of the liability, or when other facts and circumstances change, the company’s effective tax rate in a given financial statement period may be materially affected. Net Income Per Share Basic net income per share is computed by dividing net income attributable to shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. The dilutive effect of equity awards is calculated using the treasury stock method. Treasury Stock The company’s stock repurchase program provides an opportunity for the company to repurchase shares at the discretion of the company’s senior executives, based on various factors. The company recognizes treasury stock based on the amount paid to repurchase its shares. Direct costs incurred to acquire treasury stock, including excise taxes, are added to the cost of the treasury stock. Upon the retirement of treasury shares, the cost of repurchased and retired treasury shares in excess of the par value is allocated between additional paid-in capital and retained earnings. All retired shares are classified as authorized but unissued and do not reduce the total number of authorized shares. When treasury shares are reissued, if the issuance price is higher than the average price paid to acquire the shares (the “average cost”), the gain on reissuance is credited to additional paid-in-capital. If the issuance price is lower than the average cost, the loss on reissuance is first charged against any previous gains recorded to additional paid-in-capital from treasury stock, with the remaining balance charged to retained earnings. Comprehensive Income Comprehensive income consists of consolidated net income, foreign currency translation adjustment, gains or losses on post-retirement benefit plans, gains or losses on foreign exchange contracts designated as net investment hedges, and gains and losses on interest rate swaps designated as cash flow hedges. Gains or losses on interest rate swaps, and foreign exchange contracts are net of any reclassification adjustments for realized gains or losses included in consolidated net income. Amounts related to net investment hedges that are excluded from the assessment of hedge effectiveness are amortized to “Interest and other financing expense, net” on a straight-line basis over the life of the hedging instrument. Foreign currency translation adjustments included in comprehensive income which are deemed permanent investments in international affiliates were not tax effected. All other comprehensive income items are net of related income taxes. Stock-Based Compensation The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. Stock-based compensation expense related to awards with a market or performance condition which cliff vest, and stock-based compensation awards with service conditions only are recognized over the vesting period on a straight-line basis. Stock-based compensation expense related to awards with graded vesting and performance conditions is recognized using the graded vesting method. Segment Reporting Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the CODM in deciding how to allocate resources and in assessing performance. The company’s operations are classified into two reportable segments: global components and global ECS (see Note 16). Revenue Recognition The company recognizes revenue as control of products is transferred to customers, which generally happens at the point of shipment, or when the service has occurred. The company allows its customers to return product for exchange or credit in limited circumstances. The company also provides volume rebates and other discounts to certain customers which are considered a variable consideration. A provision for customer rebates and other discounts is recorded as a reduction of revenue at the time of sale based on an evaluation of the contract terms and historical experience. Sales are recorded net of discounts, rebates, and returns, which historically have not been material. Tariffs are included in sales as the company has enforceable rights to additional consideration to cover the cost of tariffs. Other taxes imposed by governmental authorities on the company’s revenue producing activities with customers, such as sales taxes and value-added taxes, are excluded from net sales. Products sold by the company are generally delivered via shipment from the company's facilities, drop shipment directly from the vendor, or by electronic delivery of keys for software products. The company is the principal in transactions when it is principally responsible for fulfilling the order, which includes negotiating pricing, payment to the supplier, establishing payment terms with the customer, product returns, and has risk of loss if the customer does not make payment. Sales, where the company is the principal in the transaction, are reported on the gross amount billed to a customer less discounts, rebates, and returns (referred to as “sales recognized on a gross basis”). ​ The company has contracts with certain customers where the company’s performance obligation is to arrange for the products or services to be provided by another party. The company is the agent in these arrangements, which pertains to the sale of supplier-provided service contracts to customers or delivery of product for which the company does not assume the risks and rewards of ownership as part of logistics services rendered to customers. Sales, where the company is the agent, are reported as the amount billed to the customer net of the cost of the sale (referred to as “sales recognized on a net ​ Within the company’s global ECS reportable segment, in certain periods, changes in the mix of sales of IT solutions impact the proportion of the company’s revenue that is recorded on a net basis compared to a gross basis. These changes increase or decrease sales during a period without a corresponding change in gross profit. This is driven by the company’s responsibilities in the sale of various IT solutions, which is based on terms and conditions in place with its partners. ​ No single customer accounted for more than 2% of the company’s 2024 consolidated sales. No single supplier accounted for more than 8% of the company’s consolidated sales in 2024. The company believes that many of the products it sells are available from other sources at competitive prices. However, certain parts of the company’s business, such as the company’s global ECS business, rely on a limited number of suppliers with the strategy of providing focused support, extensive product knowledge, and customized service to suppliers, MSPs, and VARs. Most of the company’s purchases from suppliers are pursuant to distributor agreements, which are typically non-exclusive and cancelable by either party at any time or on short notice. Shipping and Handling Costs The company reports shipping and handling costs, primarily related to outbound freight, in the consolidated statements of operations as a component of “Selling, general, and administrative” or “Cost of sales”, depending on the nature of the transaction. Vendor Programs The company participates in supplier programs that provide for price protection, product rebates, marketing/promotional allowances, and other incentives. The consideration received under these programs is recorded in the consolidated statements of operations as an adjustment to “Cost of sales” or “Selling, general, and administrative”, according to the nature of the activity and terms of the vendor program. Incentives are accrued as they are earned based on sales of qualifying products or as services are provided in accordance with the terms of the related program. Impact of Recently Issued Accounting Standards In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses condensed consolidated financial statements and related disclosures. In January 2025, the FASB issued ASU No. 2025-01, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU No. 2024-03 is permitted. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets
Goodwill and Intangible Assets	2. Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist. As of the first day of the fourth quarters of 2024, 2023, and 2022, the company’s annual impairment testing did not result in any additional impairment of goodwill of companies acquired. Goodwill of companies acquired, allocated to the company’s reportable segments, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Global ​ ​ (thousands) ​ Components ​ Global ECS ​ Total Balance as of December 31, 2022 (a) ​ $ 873,003 ​ $ 1,154,623 ​ $ 2,027,626 Foreign currency translation adjustment ​ 2,191 ​ 20,609 ​ 22,800 Balance as of December 31, 2023 (a) ​ $ 875,194 ​ $ 1,175,232 ​ $ 2,050,426 Acquisitions ​ 35,870 ​ — ​ 35,870 Foreign currency translation adjustment ​ (8,619) ​ (22,382) ​ (31,001) Balance as of December 31, 2024 (a) ​ $ 902,445 ​ $ 1,152,850 ​ $ 2,055,295 (a) The total carrying value of goodwill as of December 31, 2024, 2023, and 2022 in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components reportable segment and $301.9 million was recorded in the global ECS reportable segment. Intangible assets, net, are comprised of the following as of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ (thousands) ​ Amount ​ Amortization ​ Net Customer relationships ​ $ 215,366 ​ $ (133,927) ​ $ 81,439 Amortizable trade name ​ 74,001 ​ (58,734) ​ 15,267 ​ ​ $ 289,367 ​ $ (192,661) ​ $ 96,706 ​ Intangible assets, net, are comprised of the following as of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ (thousands) ​ Amount ​ Amortization ​ Net Customer relationships ​ $ 258,337 ​ $ (156,141) ​ $ 102,196 Amortizable trade name ​ 73,811 ​ (48,567) ​ 25,244 ​ ​ $ 332,148 ​ $ (204,708) ​ $ 127,440 ​ Amortization expense related to identifiable intangible assets was $29.5 million, $31.2 million, and $34.7 million for the years ended December 31, 2024, 2023, and 2022, respectively. Amortization expense for each of the years 2025 through 2029 is estimated to be approximately $20.2 million, $19.5 million, $18.9 million, $11.2 million, and $7.3 million, respectively.

Investments in Affiliated Compa

Investments in Affiliated Companies	12 Months Ended
	Dec. 31, 2024
Investments in Affiliated Companies
Investments in Affiliated Companies	3. Investments in Affiliated Companies The company owns a 50% interest in two joint ventures with Marubun Corporation (collectively “Marubun/Arrow”) and a 50% interest in one other joint venture. These investments are accounted for using the equity method. The following table presents the company’s investment in affiliated companies: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Marubun/Arrow ​ $ 43,851 ​ $ 50,779 Other ​ 13,448 ​ 11,962 ​ ​ $ 57,299 ​ $ 62,741 ​ The equity in earnings of affiliated companies consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Marubun/Arrow ​ $ (463) ​ $ 4,452 ​ $ 6,289 Other ​ 1,831 ​ 1,955 ​ 1,375 ​ ​ $ 1,368 ​ $ 6,407 ​ $ 7,664 ​ Under the terms of various joint venture agreements, the company is required to pay its pro-rata share of the third-party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations. There were no outstanding borrowings under the third-party debt agreements of the joint ventures as of December 31, 2024 and 2023.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2024
Accounts Receivable
Accounts Receivable	4. Accounts Receivable Accounts receivable, net, consists of the following at December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Accounts receivable ​ $ 13,147,436 ​ $ 12,384,553 Allowance for credit losses ​ (116,445) ​ (146,480) Accounts receivable, net ​ $ 13,030,991 ​ $ 12,238,073 ​ The following table is a rollforward for the company’s allowance for credit losses at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Balance at beginning of period ​ $ 146,480 ​ $ 93,397 ​ $ 75,901 Charged to income ​ 751 ​ 71,984 ​ 34,590 Translation Adjustments ​ (2,411) ​ 690 ​ (1,476) Write-offs ​ (28,375) ​ (19,591) ​ (15,618) Balance at end of period ​ $ 116,445 ​ $ 146,480 ​ $ 93,397 ​ The company monitors the current credit condition of its customers and other available information about expected credit losses in estimating its allowance for credit losses. The changes in allowance for credit losses taken in 2024 as compared to 2023, relates primarily to charges of $25.4 million recorded during 2023 relating to one customer within the global ECS reportable segment, of which $20.0 million was subsequently reversed upon recovery during 2024. As of December 31, 2024, the company has not experienced significant changes in customers’ payment trends or significant deterioration in customers’ credit risk. EMEA Asset Securitization The company has an EMEA asset securitization program under which it continuously sells its interest in designated pools of trade accounts receivable of certain of its subsidiaries in the EMEA region at a discount, to a special purpose entity, which in turn sells certain of the receivables to unaffiliated financial institutions and conduits administered by such unaffiliated financial institutions (“unaffiliated financial institutions”) on a monthly basis. The company may sell up to €600.0 million under the EMEA asset securitization program, which matures in December 2027, subject to extension in accordance with its terms. During the fourth quarter of 2024, the company extended the program’s maturity to 2027 and amended the program to correct an administrative error and regain compliance with certain operational covenants. In February 2024 the company amended provisions in the EMEA asset securitization program to update certain financial ratios. The program is conducted through Arrow EMEA Funding Corp B.V., an entity structured to be bankruptcy remote. The company is deemed the primary beneficiary of Arrow EMEA Funding Corp B.V. as the company has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive the benefits that could potentially be significant to the entity from the transfer of the trade accounts receivable into the special purpose entity. Accordingly, Arrow EMEA Funding Corp B.V. is included in the company’s consolidated financial statements. Sales of accounts receivable to unaffiliated financial institutions under the EMEA asset securitization program for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 ​ 2022 EMEA asset securitization, sales of accounts receivables ​ $ 1,892,516 ​ $ 3,160,247 ​ $ 2,524,276 ​ Receivables sold to unaffiliated financial institutions under the program are excluded from “Accounts receivable, net” on the company’s consolidated balance sheets and cash receipts are reflected as cash provided by operating activities on the consolidated statements of cash flows. The purchase price is paid in cash when the receivables are sold. Certain unsold receivables held on Arrow EMEA Funding Corp B.V. are pledged as collateral to unaffiliated financial institutions. These unsold receivables are included in “Accounts receivable, net” in the company’s consolidated balance sheets. The company continues servicing the receivables which were sold and in exchange receives a servicing fee under the program. The company does not record a servicing asset or liability on the company’s consolidated balance sheets as the company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities. Other amounts related to the EMEA asset securitization program as of December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Receivables sold to unaffiliated financial institutions that were uncollected ​ $ 339,669 ​ $ 529,266 Collateralized accounts receivable held by Arrow EMEA funding Corp B.V. ​ 528,975 ​ 805,788 ​ Any accounts receivable held by Arrow EMEA Funding Corp B.V. would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings if there are outstanding balances under the EMEA asset securitization program. The assets of the special purpose entity cannot be used by the company for general corporate purposes. Additionally, the financial obligations of Arrow EMEA Funding Corp B.V. to the unaffiliated financial institutions under the program are limited to the assets it owns and there is no recourse to Arrow Electronics, Inc. for receivables that are uncollectible as a result of an account debtor’s insolvency or inability to pay. The EMEA asset securitization program includes terms and conditions that limit the incurrence of additional borrowings and require that certain financial ratios be maintained at designated levels. As of December 31, 2024, the company was in compliance with all such financial covenants. Factoring In the normal course of business, certain of the company’s subsidiaries have factoring agreements to sell, with limited or no recourse, selected trade accounts receivable to financial institutions, and accounts for these transactions as sales of the related receivables. The receivables are excluded from “Accounts receivable, net” on the company’s consolidated balance sheets and cash receipts are reflected as “Cash provided by operating activities” on the consolidated statements of cash flows. The company typically does not retain financial or legal interests in these receivables. Factoring fees for the sales of accounts receivable are included in “Interest and other financing expense, net” in the consolidated statements of operations. T he company continues servicing the receivables which were sold. Sales of trade accounts receivable under the company’s factoring programs for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 ​ 2022 Sales of accounts receivables under the factoring programs ​ $ 928,279 ​ $ 1,618,726 ​ $ 1,612,909 ​ Other amounts under the company’s factoring programs as of December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Receivables sold under the factoring programs that were uncollected ​ $ 182,432 ​ $ 375,940 ​

Supplier Finance Programs

Supplier Finance Programs	12 Months Ended
	Dec. 31, 2024
Supplier Finance Programs
Supplier Finance Programs	5. Supplier Finance Programs At the request of certain of the company’s suppliers, the company has entered into agreements (“supplier finance programs”) with third-party finance providers, which facilitate the participating suppliers’ ability to sell their receivables from the company to the third-party financial institutions, at the sole discretion of the suppliers. For agreeing to participate in these programs, the company seeks to secure improved standard payment terms with its suppliers. The company is not involved in negotiating terms of the arrangements between its suppliers and the financial institutions and has no economic interest in a supplier’s decision to enter into these agreements, or sell receivables from the company. The company’s rights and obligations to its suppliers, including amounts due, are not impacted by suppliers' decisions to sell amounts under the arrangements. However, the company agrees to make all payments to the third-party financial institutions, and the company’s right to offset balances due from suppliers against payment obligations is restricted by the agreements for those payment obligations that have been sold by suppliers. These obligations are included in “Accounts payable” on the company’s consolidated balance sheets and all activity related to the obligations is presented within operating activities on the consolidated statements of cash flows. The following table is a roll forward of the company’s outstanding obligations under its supplier finance programs: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Obligations outstanding at the beginning of the year ​ $ 1,113,479 ​ $ 1,568,787 Invoices added during the year ​ 4,576,839 ​ 4,388,317 Invoices paid during the year ​ ​ (4,420,646) ​ ​ (4,843,625) Obligations outstanding at the end of the year ​ $ 1,269,672 ​ $ 1,113,479 ​

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt
Debt	6. Debt Short-term borrowings, including the current portion of long-term debt, consist of the following at December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 3.25% notes, due September 2024 ​ $ — ​ $ 499,224 4.00% notes, due April 2025 ​ ​ 349,808 ​ ​ — Commercial paper ​ — ​ 1,121,882 Other short-term borrowings ​ 170 ​ 32,848 ​ ​ $ 349,978 ​ $ 1,653,954 ​ ​ The company has $500.0 million in uncommitted lines of credit. There were no outstanding borrowings under the uncommitted lines of credit at December 31, 2024 and 2023. These borrowings were provided on a short-term basis and their maturity is agreed upon between the company and the lender. The uncommitted lines of credit had a weighted-average effective interest rate of 5.18% and 5.83% at December 31, 2024 and 2023, respectively. The company has a commercial paper program and the maximum aggregate balance of commercial paper outstanding may not exceed the borrowing capacity of $1.2 billion. Amounts outstanding under the commercial paper program are backstopped by available commitments under the company’s revolving credit facility. The company had no outstanding borrowings under this program at December 31, 2024 and $1.1 billion in outstanding borrowings at December 31, 2023. The commercial paper program had a weighted-average effective interest rate of 5.21% and 5.90% at December 31, 2024 and 2023, respectively. Long-term debt consists of the following at December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Revolving credit facility ​ $ 30,000 ​ $ — North American asset securitization program ​ ​ 633,000 ​ ​ 198,000 4.00% notes, due 2025 ​ — ​ 349,061 6.125% notes, due 2026 ​ — ​ 497,661 7.50% senior debentures, due 2027 ​ 110,266 ​ 110,184 3.875% notes, due 2028 ​ 497,775 ​ 497,098 5.15% notes, due 2029 ​ 495,209 ​ — 2.95% notes, due 2032 ​ 495,576 ​ 495,039 5.875% notes, due 2034 ​ ​ 494,986 ​ ​ — Other obligations with various interest rates and due dates ​ 16,971 ​ 6,510 ​ ​ $ 2,773,783 ​ $ 2,153,553 ​ The 7.50% senior debentures are not redeemable prior to their maturity. All other notes may be called at the option of the company subject to “make whole” clauses. ​ The estimated fair market value of long-term debt at December 31, using quoted market prices, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 4.00% notes, due 2025 ​ $ — ​ $ 343,500 6.125% notes, due 2026 ​ ​ — ​ ​ 502,000 7.50% senior debentures, due 2027 ​ 115,000 ​ 117,000 3.875% notes, due 2028 ​ 481,500 ​ 475,000 5.15% notes, due 2029 ​ 498,000 ​ — 2.95% notes, due 2032 ​ ​ 426,000 ​ ​ 425,000 5.875% notes, due 2034 ​ 502,500 ​ — ​ The carrying amount of the company’s other short-term borrowings, 4.00% notes due in 2025, revolving credit facility, North American asset securitization program, commercial paper, and other obligations approximate their fair value. The company has a $2.0 billion revolving credit facility maturing in September 2026. The facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness, acquisitions, and as support for the company’s commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or SOFR, plus a spread (1.08% at December 31, 2024), which is based on the company’s credit ratings, plus a credit spread adjustment of 0.10% or an effective interest rate of 5.48% at December 31, 2024. The facility fee, which is based on the company’s credit ratings, was 0.175% of the total borrowing capacity at December 31, 2024. The company had $30.0 million in outstanding borrowings under the revolving credit facility at December 31, 2024 and no outstanding borrowings under the revolving credit facility at December 31, 2023. The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $1.5 billion under the program which matures in September 2027. The program is conducted through AFC, a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread (0.40% at December 31, 2024), plus a credit spread adjustment of 0.10% or an effective interest rate of 4.83% at December 31, 2024. The facility fee is 0.40% of the total borrowing capacity. The company had $633.0 million and $198.0 million in outstanding borrowings under the North American asset securitization program at December 31, 2024 and 2023, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $3.0 billion and $2.7 billion were held by AFC and were included in “Accounts receivable, net” on the company’s consolidated balance sheets at December 31, 2024 and 2023, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. Both the revolving credit facility and North American asset securitization program include terms and conditions that limit the incurrence of additional borrowings and require that certain financial ratios be maintained at designated levels. As of December 31, 2024, the company was in compliance with all such financial covenants. During the third quarter of 2024, the company completed the sale of $500.0 million principal amount of 5.15% notes, due 2029. The net proceeds of the offering of $494.9 million were used for general corporate purposes and to repay the $500.0 million principal amount of its 3.25% notes, due September 2024, which were redeemed at maturity. During the second quarter of 2024, the company completed the sale of $500.0 million principal amount of 5.875% notes, due 2034. The net proceeds of the offering of $494.7 million were used for general corporate purposes and to repay the $500.0 million principal amount of its 6.125% notes, due 2026, which were redeemed in April 2024. Annual payments of borrowings during each of the years 2025 through 2029 are $350.1 million, $39.8 million, $747.3 million, $503.4 million, and $500.0 million, respectively, and $1.0 billion for all years thereafter. Interest and other financing expense, net, includes interest and dividend income of $54.5 million, $66.4 million, and $33.7 million in 2024, 2023, and 2022, respectively. Interest paid, net of interest and dividend income, amounted to $199.0 million, $274.1 million, and $175.6 million in 2024, 2023, and 2022, respectively.

Financial Instruments Measured

Financial Instruments Measured at Fair Value	12 Months Ended
	Dec. 31, 2024
Financial Instruments Measured at Fair Value
Financial Instruments Measured at Fair Value	7. Financial Instruments Measured at Fair Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The fair value hierarchy has three levels of inputs that may be used to measure fair value: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Balance Sheet Location Level 1 Level 2 Level 3 Total Cash equivalents (a) ​ Cash and cash equivalents ​ $ 10,751 ​ $ — ​ $ — ​ $ 10,751 Equity investments (b) ​ Other assets ​ 42,907 ​ — ​ — ​ 42,907 Foreign exchange contracts designated as net investment hedges ​ Other assets / other current assets ​ — ​ 53,679 ​ — ​ 53,679 ​ ​ ​ ​ ​ $ 53,658 ​ $ 53,679 ​ $ — ​ $ 107,337 ​ The following table presents assets measured at fair value on a recurring basis at December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) ​ Balance Sheet Location Level 1 Level 2 Level 3 Total Cash equivalents (a) ​ Cash and cash equivalents ​ $ 8,729 ​ $ — ​ $ — ​ $ 8,729 Equity investments (b) ​ Other assets ​ 57,625 ​ — ​ — ​ 57,625 Interest rate swaps designated as fair value hedge ​ Other liabilities ​ — ​ (454) ​ — ​ (454) Foreign exchange contracts designated as net investment hedges ​ Other assets / other current assets ​ — ​ 47,245 ​ — ​ 47,245 ​ ​ ​ ​ ​ $ 66,354 ​ $ 46,791 ​ $ — ​ $ 113,145 (a) Cash equivalents include highly liquid investments with an original maturity of less than three months. (b) The company has an approximately 9.0% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. During 2024, 2023, and 2022, the company recorded unrealized gains (losses) of $(12.0) million, $9.7 million, and $(5.8) million, respectively, on equity securities held at the end of each year. ​ Assets and liabilities that are measured at fair value on a nonrecurring basis relate primarily to goodwill, and identifiable intangible assets (see Note 2). The company tests these assets for impairment if indicators of potential impairment exist or at least annually if indefinite-lived. Derivative Instruments The company uses various financial instruments, including derivative instruments, for purposes other than trading. Certain derivative instruments are designated at inception as hedges and assessed for effectiveness both at inception and on an ongoing basis. Derivative instruments not designated as hedges are carried at fair value on the consolidated balance sheets with changes in fair value recognized in earnings. Interest Rate Swaps The company manages the risk of variability in interest rates of future expected debt issuances by entering into various forward-starting interest rate swaps, designated as cash flow hedges. Changes in fair value of interest rate swaps designated as cash flow hedges are recorded in the shareholders’ equity section in the company’s consolidated balance sheets in “Accumulated other comprehensive loss” and will be reclassified into income over the life of the anticipated debt issuance or in the period the hedged forecasted cash flows are deemed no longer probable to occur. Reclassified gains and losses are recorded within the line item “Interest and other financing expense, net” in the consolidated statements of operations. The fair value of interest rate swaps are estimated using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. In June 2023, the company terminated its outstanding forward-starting interest rate swaps and received a cash payment of $56.7 million, which is reported in the “Cash flows from financing activities” section of the consolidated statements of cash flows. In April 2024, the forecasted bond issuance occurred, and the $56.7 million gain will be amortized to “Interest and other financing expense, net” in the company’s consolidated statement of operations over the 10-year life of the bond. The company occasionally enters into interest rate swap transactions, designated as fair value hedges, that convert certain fixed-rate debt to variable-rate debt in order to manage its targeted mix of fixed- and floating-rate debt. For qualifying interest rate fair value hedges, gains or losses on derivatives are included in “Interest and other financing expense, net” in the consolidated statements of operations. The change in fair value of the hedged item attributable to the risk being hedged is reported as an adjustment to its carrying value and is also included in “Interest and other financing expense, net.” ​ At December 31, 2023, the company had one outstanding interest rate swap designated as a fair value hedge of its 6.125% notes due in March 2026, the terms of which were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount Weighted-Average Interest Rate due to Trade Date ​ Maturity Date ​ (thousands) ​ Interest Rate ​ Counterparty February 2023 ​ March 2026 ​ $ 500,000 ​ 6.125% ​ SOFR+0.508% ​ In March 2024, the counterparty cancelled the swap and the company de-designated the fair value hedging relationship. ​ Foreign Exchange Contracts The company’s foreign currency exposure relates primarily to international transactions where the currency collected from customers can be different from the currency used to purchase the product. The company’s primary exposures to such transactions are denominated primarily in the following currencies: Euro and Indian Rupee. The company enters into foreign exchange forward, option, or swap contracts (collectively, the “foreign exchange contracts”) to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and mitigate the impact of changes in foreign currency exchange rates related to these transactions. Foreign exchange contracts generally have terms of no more than six months. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions. The fair value of the foreign exchange contracts is estimated using foreign currency spot rates and forward rates quotes by third-party financial institutions. The notional amount of the foreign exchange contracts inclusive of foreign exchange contracts designated as a net investment hedge at December 31, 2024 and 2023 was $1.1 billion and $1.0 billion, respectively. Gains and losses related to non-designated foreign currency exchange contracts are recorded in “Cost of sales” on the company’s consolidated statements of operations. Gains and losses related to foreign currency exchange contracts designated as cash flow hedges are recorded in “Cost of sales,” “Selling, general, and administrative,” and “Interest and other financing expense, net” based upon the nature of the underlying hedged transaction, on the company’s consolidated statements of operations. Gains or losses on these contracts are deferred and recognized when the underlying future purchase or sale is recognized or when the corresponding asset or liability is revalued, and were not material to the financial statements for the periods presented. The following foreign exchange contracts were designated as net investment hedges, hedging a portion of the company's net investments in subsidiaries with Euro-denominated net assets for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount (thousands) Maturity Date ​ 2024 ​ 2023 September 2024 ​ EUR - EUR 50,000 April 2025 ​ EUR 100,000 EUR 100,000 January 2028 ​ EUR 100,000 EUR 100,000 Total ​ EUR 200,000 EUR 250,000 ​ The change in the fair value of derivatives designated as net investment hedges are recorded in CTA within “Accumulated other comprehensive loss” on the company’s consolidated balance sheets. Amounts excluded from the assessment of hedge effectiveness are included in “Interest and other financing expense, net” on the company’s consolidated statements of operations. During the third quarter of 2024, a foreign exchange contract designated as a net investment hedge matured and the company received $10.6 million, which is reported in the “Cash flows from investing activities” section of the consolidated statements of cash flows. During the first quarter of 2023, a foreign exchange contract designated as a net investment hedge matured and the company received $10.7 million, which is reported in the “Cash flows from investing activities” section of the consolidated statements of cash flows. ​ The effects of derivative instruments on the company’s consolidated statements of operations and other comprehensive income are as follows for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Income Statement Line 2024 2023 2022 Gain (Loss) Recognized in Income (Loss) ​ ​ ​ Foreign exchange contracts, net investment hedge (a) Interest Expense ​ $ 6,747 ​ $ 7,460 ​ $ 8,805 Interest rate swaps, cash flow hedge Interest Expense ​ 593 ​ (2,889) ​ (3,586) Interest rate swap, fair value hedge (b) Interest Expense ​ 454 ​ (454) ​ — Total ​ $ 7,794 ​ $ 4,117 ​ $ 5,219 Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax ​ ​ ​ Foreign exchange contracts, net investment hedge (c) ​ $ 12,996 ​ $ (2,276) ​ $ 15,474 Interest rate swaps, cash flow hedge ​ (685) ​ 585 ​ 25,937 Total ​ $ 12,311 ​ $ (1,691) ​ $ 41,411 (a) Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to “Interest and other financing expense, net.” (b) The cumulative amount of fair value hedging adjustments to the carrying value of hedged debt instruments totaled a loss of $0.4 million during 2024, and a loss of $5.8 thousand during 2023, respectively. During the first quarter of 2024, the fair value hedge was terminated. (c) Includes derivative gains (losses) excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income, net of tax, of $(4.0) million, $(1.8) million, and $1.8 million for 2024, 2023, and 2022, respectively, which were excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income (loss), net of tax. Other The carrying amount of “Cash and cash equivalents”, “Accounts receivable, net”, and “Accounts payable” approximate their fair value due to the short maturities of these financial instruments.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Taxes
Income Taxes	8. Income Taxes The provision for income taxes for the years ended December 31 consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Current: ​ ​ ​ Federal ​ $ (8,586) ​ $ 33,832 ​ $ 139,730 State ​ 3,352 ​ 16,108 ​ 29,117 International ​ 200,912 ​ 299,031 ​ 293,195 ​ ​ $ 195,678 ​ $ 348,971 ​ $ 462,042 Deferred: ​ ​ ​ Federal ​ $ (50,305) ​ $ (59,342) ​ $ (39,658) State ​ (8,348) ​ (11,960) ​ (5,613) International ​ (41,213) ​ (22,678) ​ 32,221 ​ ​ (99,866) ​ (93,980) ​ (13,050) ​ ​ $ 95,812 ​ $ 254,991 ​ $ 448,992 ​ The principal causes of the difference between the U.S. federal statutory tax rate of 21% and effective income tax rates for the years ended December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 United States ​ $ (234,972) ​ $ (38,848) ​ $ 517,642 International ​ 724,291 ​ 1,203,202 ​ 1,366,508 Income before income taxes ​ $ 489,319 ​ $ 1,164,354 ​ $ 1,884,150 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision at statutory tax rate ​ $ 102,757 ​ $ 244,514 ​ $ 395,672 State taxes, net of federal benefit ​ (3,279) ​ 2,379 ​ 18,675 International effective tax rate differential ​ 8,958 ​ 27,993 ​ 26,210 Change in valuation allowance ​ 333 ​ (7,755) ​ (6,378) Other non-deductible expenses ​ (585) ​ 2,993 ​ 7,441 Changes in tax accruals ​ (9,419) ​ 1,153 ​ 5,993 Tax credits ​ (10,786) ​ (7,666) ​ 980 U.S. tax (benefit) on foreign earnings ​ ​ 6,801 ​ ​ (10,075) ​ ​ 3,879 Other ​ 1,032 ​ 1,455 ​ (3,480) Provision for income taxes ​ $ 95,812 ​ $ 254,991 ​ $ 448,992 ​ The company is subject to taxation of GILTI on foreign subsidiaries and a tax provision to deduct a portion of FDII of U.S. corporations. GILTI tax expense, accounted for as a current period cost, net of FDII benefit, resulted in a net tax expense (benefit) of $4.7 million, $23.0 million, and $(7.4) million during 2024, 2023, and 2022, respectively. At December 31, 2024, a short-term tax payable of $6.9 million was recorded in the consolidated balance sheets for a one-time transition tax on the foreign subsidiaries’ accumulated unremitted earnings related to the 2017 U.S. Tax Cuts and Jobs Act. At December 31, 2024, the company had a liability for unrecognized tax positions of $64.0 million. The timing of the resolution of these uncertain tax positions is dependent on the tax authorities’ income tax examination processes. Material changes are not expected; however, it is possible that the amount of unrecognized tax benefits with respect to uncertain tax positions could increase or decrease during 2025. Currently, the company is unable to make a reasonable estimate of when cash settlement would occur and how it would impact the effective tax rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Balance at beginning of year ​ $ 82,808 ​ $ 75,666 ​ $ 71,422 Additions based on tax positions taken during a prior period ​ 4,537 ​ 7,466 ​ 6,760 Reductions based on tax positions taken during a prior period ​ (20,245) ​ (4,448) ​ (3,007) Additions based on tax positions taken during the current period ​ 7,943 ​ 5,505 ​ 3,526 Reductions related to settlement of tax matters ​ (11,090) ​ — ​ (2,271) Reductions related to a lapse of applicable statute of limitations ​ — ​ (1,381) ​ (764) Balance at end of year ​ $ 63,953 ​ $ 82,808 ​ $ 75,666 ​ Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2024, 2023, and 2022, the company recognized $5.9 million, $4.0 million, and $4.4 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2024 and 2023, the company had accrued a liability of $23.5 million and $17.5 million, respectively, for interest related to unrecognized tax benefits. In many cases the company’s uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2024: ​ ​ ​ ​ ​ United States - Federal ​ 2016 - present United States - States ​ 2015 - present Germany (a) ​ 2020 - present China and Hong Kong ​ 2017 - present Italy (a) ​ 2013 - present Netherlands ​ 2018 - present Sweden ​ 2019 - present Taiwan ​ 2018 - present United Kingdom ​ 2020 - present (a) Includes federal as well as local jurisdictions. Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated balance sheets. These temporary differences result in taxable or deductible amounts in future years. Deferred tax assets and liabilities consist of the following at December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Deferred tax assets: ​ ​ Net operating loss carryforwards ​ $ 16,567 ​ $ 17,987 Inventory adjustments ​ 110,370 ​ 68,542 Allowance for credit losses ​ 20,475 ​ 27,637 Accrued expenses ​ 86,964 ​ 73,251 Interest carryforward ​ 21,923 ​ 4,170 Stock-based compensation awards ​ 5,490 ​ 5,692 Lease liability ​ 65,718 ​ 68,605 Research and experimentation costs (a) ​ 73,971 ​ 59,277 Other ​ 992 ​ 3,332 ​ ​ 402,470 ​ 328,493 Valuation allowance ​ (16,165) ​ (15,832) Total deferred tax assets ​ $ 386,305 ​ $ 312,661 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ Goodwill ​ $ (157,786) ​ $ (152,551) Depreciation ​ (42,540) ​ (58,419) Lease right-of-use assets ​ (61,685) ​ (64,937) Other comprehensive income items ​ (15,615) ​ (13,204) Total deferred tax liabilities ​ $ (277,626) ​ $ (289,111) Total net deferred tax assets ​ $ 108,679 ​ $ 23,550 (a) At December 31, 2024, and 2023, the company recorded deferred tax asset of $74.0 million and $59.3 million related to capitalized U.S. based research and experimental (“R&E”) costs, pursuant to the U.S. Internal Revenue Code Section 174, as amended by the 2017 U.S. Tax Cuts and Jobs Act. At December 31, 2024, the company had international tax loss carryforwards of approximately $30.3 million, of which $7.0 million have expiration dates ranging from 2025 to 2044, and the remaining $23.3 million have no expiration date. Deferred tax assets related to these international tax loss carryforwards were $7.8 million with a corresponding valuation allowance of $2.6 million. At December 31, 2024, the company had a valuation allowance of $0.1 million related to other deferred tax assets. At December 31, 2024, the company had deferred tax assets of approximately $8.7 million with a corresponding valuation allowance of $6.4 million, related to U.S. state net operating loss carryforwards. Valuation allowances are needed when deferred tax assets may not be realized due to the uncertainty of the timing and the ability of the company to generate sufficient future taxable income in certain tax jurisdictions. At December 31, 2024, the company had approximately $5.4 billion in undistributed foreign earnings which it deems to be indefinitely reinvested, and approximately $2.0 billion in undistributed foreign earnings which it deems to be not permanently reinvested. The company recognizes that if it reverses its indefinite reinvestment assertion on $5.4 billion of foreign earnings, it may be subject to additional foreign taxes and U.S. state income taxes. ​ Income taxes paid, net of income taxes refunded, amounted to $230.5 million, $538.4 million, and $384.4 million in 2024, 2023, and 2022, respectively.

Restructuring, Integration, and

Restructuring, Integration, and Other	12 Months Ended
	Dec. 31, 2024
Restructuring, Integration, and Other
Restructuring, Integration, and Other	9. Restructuring, Integration, and Other The following table presents the components of the restructuring, integration, and other charges for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Restructuring, integration and related costs ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Expense Efficiency Plan costs (a) ​ $ 10,279 ​ $ — ​ $ — Other plans ​ ​ 3,848 ​ ​ 8,877 ​ ​ 6,994 Other expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expense reduction costs not related to restructuring initiatives (b) ​ 84,510 ​ ​ 19,077 ​ ​ (370) Increases to environmental remediation liabilities (c) ​ ​ 756 ​ ​ 23,336 ​ ​ 2,544 Early lease termination costs ​ ​ 6,814 ​ ​ 29,400 ​ ​ 3,162 Consulting costs (d) ​ ​ 25,306 ​ ​ — ​ ​ — Other charges ​ 11,404 ​ 3,226 ​ 1,411 ​ ​ $ 142,917 ​ $ 83,916 ​ $ 13,741 (a) See details related to the Operating Expense Efficiency Plan discussed below. (b) These costs are primarily related to the termination of personnel. As of December 31, 2024, the accrued liabilities related to these costs totaled $6.6 million and substantially all accrued amounts are expected to be spent in cash within one year . (c) Refer to Note 15 for further discussion of environmental liabilities. (d) Consulting costs are related to operating expense reduction costs not related to the restructuring initiative. Operating Expense Efficiency Plan On October 31, 2024, in response to evolving business needs and as part of an initiative to optimize operating expenses, the company announced a multi-year restructuring plan (the “Operating Expense Efficiency Plan” or “the Plan”). The Plan is designed to improve operational efficiency through the following measures: (i) reorganizing and consolidating certain areas of the company’s operations to centralize functions and streamline resources, with a focus on more cost-efficient regions; (ii) enhancing warehouse and logistics operations; (iii) investing in information technology to support automation and process improvements; (iv) consolidating the company’s global real estate footprint; (v) reducing third-party spending; and (vi) winding down certain non-core businesses that are not aligned with the company’s strategic objectives. The company expects to substantially complete the Plan by the end of fiscal year 2026, subject to, among other things, local legal and consultation requirements. ​ Under the Plan, the company expects to incur pre-tax restructuring charges of approximately $185.0 million, consisting of approximately $110.0 million of employee severance and other personnel cash expenditures; approximately $50.0 million of non-cash asset impairments, accelerated depreciation and inventory write-downs related to the wind-down of certain business operations; and approximately $25.0 million of other related cash expenditures. As a result of the company’s philosophy of maximizing operating efficiencies through the centralization of certain functions, restructuring, integration, and related costs are included in the corporate line item for management and segment reporting as they are not attributable to the individual reportable segments. ​ The following table presents the costs related to the Operating Expense Efficiency Plan: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Income Statement line Year Ended December 31, 2024 Total Cost Incurred to Date Employee severance and benefit costs ​ ​ Restructuring, integration, and other ​ $ 1,348 ​ $ 1,348 Inventory write-downs ​ ​ Cost of sales ​ ​ 50,344 ​ ​ 50,344 Asset impairments ​ ​ Restructuring, integration, and other ​ ​ 1,416 ​ ​ 1,416 Other costs (a) ​ ​ Restructuring, integration, and other ​ ​ 7,515 ​ ​ 7,515 ​ ​ ​ ​ ​ $ 60,623 ​ $ 60,623 (a) Other costs consist primarily of consulting and other professional fees and lease terminations. The following table presents the activity in the restructuring and integration accruals related to the Operating Expense Efficiency Plan: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Employee severance and benefit costs Inventory write-downs and asset impairments Other costs Total Balance at December 31, 2023 ​ $ - ​ $ - ​ $ - ​ $ - Restructuring related charges ​ ​ 1,348 ​ ​ 51,760 ​ ​ 7,515 ​ ​ 60,623 Asset write-offs and other non-cash activity ​ ​ - ​ ​ (51,760) ​ ​ (177) ​ ​ (51,937) Cash payments ​ ​ (964) ​ ​ - ​ ​ (7,136) ​ ​ (8,100) Balance at December 31, 2024 ​ $ 384 ​ $ - ​ $ 202 ​ $ 586 ​ Substantially all amounts accrued at December 31, 2024 related to the Operating Expense Efficiency Plan are expected to be paid in cash within one year.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2024
Shareholders' Equity
Shareholders' Equity	10. Shareholders’ Equity Accumulated Other Comprehensive Loss The following table presents the changes in Accumulated other comprehensive loss, excluding noncontrolling interests: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain Gain ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) on Foreign ​ (Loss) on ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ Exchange ​ Interest Rate ​ ​ ​ ​ ​ ​ ​ ​ Currency ​ Contracts ​ Swaps ​ ​ ​ ​ ​ ​ ​ ​ Translation ​ Designated as ​ Designated as ​ Employee ​ ​ ​ ​ ​ Adjustment and ​ Net Investment ​ Cash Flow ​ Benefit Plan ​ ​ ​ (thousands) ​ Other, Net ​ Hedges, Net ​ Hedges, Net ​ Items, Net ​ Total Balance as of December 31, 2022 ​ $ (422,711) ​ $ 20,111 ​ $ 27,855 ​ $ 9,483 ​ $ (365,262) Other comprehensive income (loss) before reclassifications (a) ​ 72,949 ​ (2,276) ​ 585 ​ (1,011) ​ 70,247 Amounts reclassified into income ​ 720 ​ (5,676) ​ 2,198 ​ (266) ​ (3,024) Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2023 ​ 73,669 ​ (7,952) ​ 2,783 ​ (1,277) ​ 67,223 Balance as of December 31, 2023 ​ (349,042) ​ 12,159 ​ 30,638 ​ 8,206 ​ (298,039) Other comprehensive income (loss) before reclassifications (a) ​ (222,489) ​ 12,996 ​ (685) ​ 5,027 ​ (205,151) Amounts reclassified into income ​ (317) ​ (5,137) ​ (452) ​ (173) ​ (6,079) Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2024 ​ (222,806) ​ 7,859 ​ (1,137) ​ 4,854 ​ (211,230) Balance as of December 31, 2024 ​ $ (571,848) ​ $ 20,018 ​ $ 29,501 ​ $ 13,060 ​ $ (509,269) (a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(52.9) million and $21.2 million for 2024 and 2023, respectively. Common Stock Outstanding Activity The following table sets forth the activity in the number of shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common ​ ​ Common ​ Treasury ​ Stock (thousands) ​ Stock Issued ​ Stock ​ Outstanding Common stock outstanding at December 31, 2021 125,424 57,358 68,066 Shares issued for stock-based compensation awards — (525) 525 Repurchases of common stock — 9,342 (9,342) Common stock outstanding at December 31, 2022 125,424 66,175 59,249 Shares issued for stock-based compensation awards — (653) 653 Repurchases of common stock — 6,091 (6,091) Retirement of treasury stock ​ (67,733) ​ (67,733) ​ — Common stock outstanding at December 31, 2023 57,691 3,880 53,811 Shares issued for stock-based compensation awards 375 (75) 450 Repurchases of common stock — 2,089 (2,089) Retirement of treasury stock ​ (2,474) ​ (2,474) ​ — Common stock outstanding at December 31, 2024 55,592 3,420 52,172 ​ During the year ended December 31, 2024, the company retired 2.5 million shares of treasury stock with a cost of $228.8 million. During the year ended December 31, 2023, the company retired 67.7 million shares of treasury stock with a cost of $5.1 billion. The company has 2.0 million authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2024 and 2023. Share-Repurchase Programs The following table shows the company’s share-repurchase programs as of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate ​ ​ ​ ​ ​ ​ Dollar Value of ​ ​ Dollar Value ​ Dollar Value of ​ Shares that May ​ ​ Approved for ​ Shares ​ Yet be Purchased Share-Repurchase Details by Month of Board Approval (thousands) ​ Repurchase ​ Repurchased ​ Under the Program September 2022 ​ $ 600,000 ​ $ 600,000 ​ $ — January 2023 ​ ​ 1,000,000 ​ ​ 675,937 ​ ​ 324,063 Total ​ $ 1,600,000 ​ $ 1,275,937 ​ $ 324,063 ​ The company repurchased 2.0 million shares and 6.1 million shares of common stock for $250.0 million and $745.9 million, in 2024 and 2023, respectively, under the share-repurchase program excluding excise taxes. During 2024, the company accrued $2.1 million of excise tax, which is recorded within “Treasury stock” on the company’s consolidated balance sheets and reduces the share-repurchase authorization, as the excise tax is a part of the overall cost of acquiring treasury shares. As of December 31, 2024, approximately $324.1 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date.

Net Income Per Share

Net Income Per Share	12 Months Ended
	Dec. 31, 2024
Net Income Per Share
Net Income Per Share	11. Net Income Per Share Basic net income per share is computed by dividing net income attributable to shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. The dilutive effect of equity awards is calculated using the treasury stock method. The following table presents the computation of net income per share on a basic and diluted basis for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands except per share data) 2024 2023 2022 Net income attributable to shareholders ​ $ 392,074 ​ $ 903,505 ​ $ 1,426,884 Weighted-average shares outstanding - basic ​ 53,282 ​ 56,359 ​ 64,838 Net effect of various dilutive stock-based compensation awards ​ 515 ​ 676 ​ 615 Weighted-average shares outstanding - diluted ​ 53,797 ​ 57,035 ​ 65,453 Net income per share: ​ ​ ​ Basic ​ $ 7.36 ​ $ 16.03 ​ $ 22.01 Diluted (a) ​ $ 7.29 ​ $ 15.84 ​ $ 21.80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Equity awards excluded from diluted net income per share as their effect would have been anti-dilutive ​ ​ 16 ​ ​ 32 ​ ​ 53 ​

Employee Stock Plans

Employee Stock Plans	12 Months Ended
	Dec. 31, 2024
Employee Stock Plans
Employee Stock Plans	12. Employee Stock Plans Omnibus Plan The company maintains the Omnibus Plan, which provides an array of equity alternatives available to the company when designing compensation incentives. The Omnibus Plan permits the grant of cash-based awards, non-qualified stock options, ISOs, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, covered employee annual incentive awards, and other stock-based awards. The Compensation Committee determines the vesting requirements, termination provision, and the terms of the award for any awards under the Omnibus Plan when such awards are issued. Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 4.4 million shares and 5.0 million shares available for grant under the Omnibus Plan as of December 31, 2024, and 2023, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted stock, restricted stock units, performance shares, and performance units count against the authorization at a rate of 1.69 to 1. The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $34.6 million, $41.6 million, and $42.9 million in 2024, 2023, and 2022, respectively. The actual tax benefit realized from share-based payment awards during 2024, 2023, and 2022 was $5.6 million, $8.9 million, and $5.9 million, respectively. Stock Options Under the Omnibus Plan, the company may grant both ISOs and non-qualified stock options. ISOs may only be granted to employees of the company, its subsidiaries, and its affiliates. The exercise price for options cannot be less than the fair market value of Arrow’s common stock on the date of grant. Options generally vest in equal installments over a four-year period. Options currently outstanding have contractual terms of ten years. The company has not granted non-qualified stock options or ISOs since 2020 and does not intend to grant them in the future. The following information relates to the stock option activity for the year ended December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ Aggregate ​ ​ ​ ​ Average ​ Remaining ​ Intrinsic ​ ​ ​ ​ Exercise ​ Contractual ​ Value ​ ​ Shares ​ Price ​ Life ​ (thousands) Outstanding at December 31, 2023 322,252 ​ $ 76.73 ​ Exercised (71,187) ​ 76.63 ​ Forfeited (1,520) ​ 79.22 ​ Outstanding at December 31, 2024 249,545 ​ 76.75 42 months ​ $ 9,076 Exercisable at December 31, 2024 249,090 ​ $ 76.74 42 months ​ $ 9,061 ​ The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the company’s closing stock price on the last trading day of 2024 and the exercise price, multiplied by the number of in-the-money options) received by the option holders had all option holders exercised their options on December 31, 2024. This amount changes based on the market value of the company’s stock. The total intrinsic value of options exercised during 2024, 2023, and 2022 was $3.3 million, $12.5 million, and $10.0 million, respectively. Cash received from option exercises during 2024, 2023, and 2022 was $5.4 million, $17.0 million, and $17.3 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. Performance Awards The Compensation Committee, subject to the terms and conditions of the Omnibus Plan, may grant performance share and/or performance unit awards (collectively “performance awards”). The grant date fair value of a performance award is the fair market value of the company’s common stock on the date of grant. Such awards will be earned only if performance goals over performance periods established by or under the direction of the Compensation Committee are met. The performance goals and periods may vary from participant-to-participant, group-to-group, and time-to-time. The performance awards will be delivered in common stock at the end of the service period based on the company’s actual performance compared to the target metric and may be from 0% to 185% of the initial award. Compensation expense is recognized using the graded vesting method over the three-year service period and is adjusted each period based on the current estimate of performance compared to the target metric. Restricted Stock Subject to the terms and conditions of the Omnibus Plan, the Compensation Committee may grant shares of restricted stock and/or restricted stock units. The grant date fair value of a restricted stock unit is the fair market value of the company’s common stock on the date of grant. Restricted stock units are similar to restricted stock except that no shares are actually awarded to the participant on the date of grant. Shares of restricted stock and/or restricted stock units awarded under the Omnibus Plan may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable period of restriction established by the Compensation Committee and specified in the award agreement (and in the case of restricted stock units until the date of delivery or other payment). Compensation expense is recognized on a straight-line basis as shares become free of forfeiture restrictions (i.e. vest) generally over a four-year period. Non-Employee Director Awards The company’s Board sets the amounts and types of equity awards that are granted to all non-employee directors on a periodic, nondiscriminatory basis pursuant to the Omnibus Plan, as well as any additional amounts, if any, to be awarded, also on a periodic, nondiscriminatory basis, based on each of the following: the number of committees of the Board on which a non-employee director serves, service of a non-employee director as the chair of a Committee of the Board, service of a non-employee director as Chairman of the Board or Lead Independent Director, or the first selection or appointment of an individual to the Board as a non-employee director. Currently, non-employee directors receive annual awards of restricted stock units valued at $0.2 million with an additional amount for the non-employee director serving as board chair. The restricted stock units have a vesting period of around one-year and non-employee directors may elect to settle such awards (i) on the first anniversary of the grant date or (ii) following such director’s separation from service provided that they continuously served on the Board from the grant date through the vesting date. All restricted stock units are settled in common stock one to one. Unless a non-employee director gives notice setting forth a different percentage, 50% of each director’s annual retainer fee is deferred and converted into units based on the fair market value of the company’s stock as of the date it was payable and paid upon separation of service from the Board. Summary of Non-Vested Shares The following information summarizes the changes in non-vested performance shares, performance units, restricted stock, and restricted stock units for 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ Average Grant ​ ​ Shares ​ Date Fair Value Non-vested shares at December 31, 2023 820,220 ​ $ 117.84 Granted 401,602 ​ 115.73 Vested (337,945) ​ 109.77 Forfeited (43,178) ​ 122.68 Non-vested shares at December 31, 2024 840,699 ​ $ 119.83 ​ The total fair value of shares vested during 2024, 2023, and 2022 was $39.5 million, $57.0 million, and $47.3 million, respectively. As of December 31, 2024, there was $31.8 million of total unrecognized compensation cost related to non-vested shares and stock options which is expected to be recognized over a weighted-average period of 2.2 years.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
Employee Benefit Plans
Employee Benefit Plans	13. Employee Benefit Plans The company maintains an unfunded Arrow SERP under which the company will pay supplemental pension benefits to certain employees upon retirement. As of December 31, 2024, there were 10 current and 26 former corporate officers participating in this plan. The Board determines those employees who are eligible to participate in the Arrow SERP. The Arrow SERP, as amended, provides for the pension benefits to be based on a percentage of average final compensation, based on years of participation in the Arrow SERP. The Arrow SERP permits early retirement, with payments at a reduced rate, based on age and years of service subject to a minimum retirement age of 55. The company uses a December 31 measurement date for the Arrow SERP benefit plan. Pension information for the years ended December 31 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Arrow SERP (thousands) 2024 2023 Accumulated benefit obligation ​ $ 74,530 ​ $ 77,737 ​ Changes in projected benefit obligation: ​ ​ ​ Projected benefit obligation at beginning of year ​ 88,084 ​ 84,148 ​ Service cost ​ 3,193 ​ 3,250 ​ Interest cost ​ 4,081 ​ 4,082 ​ Actuarial (gain) loss ​ (6,602) ​ 1,328 ​ Benefits paid ​ (5,724) ​ (4,724) ​ Projected benefit obligation at end of year ​ 83,032 ​ 88,084 ​ Funded status ​ $ (83,032) ​ $ (88,084) ​ Amounts recognized in the company's consolidated balance sheets: ​ ​ ​ Current liabilities ​ $ (6,168) ​ $ (6,186) ​ Noncurrent liabilities ​ (76,864) ​ (81,898) ​ Net liability at end of year ​ $ (83,032) ​ $ (88,084) ​ Components of net periodic pension cost: ​ ​ ​ Service cost ​ $ 3,193 ​ $ 3,250 ​ Interest cost ​ 4,081 ​ 4,082 ​ Amortization of prior service cost ​ ​ 337 ​ ​ 336 ​ Amortization of net loss ​ (164) ​ (668) ​ Net periodic pension cost ​ $ 7,447 ​ $ 7,000 ​ Weighted-average assumptions used to determine benefit obligation: ​ ​ ​ Discount rate ​ 5.50 % 4.80 % Rate of compensation increase ​ 5.00 % 5.00 % Expected return on plan assets ​ N/A ​ N/A ​ Weighted-average assumptions used to determine net periodic pension cost: ​ ​ ​ Discount rate ​ 4.80 % 5.00 % Rate of compensation increase ​ 5.00 % 5.00 % Expected return on plan assets ​ N/A ​ N/A ​ ​ The amounts reported for net periodic pension cost and the respective benefit obligation amounts are dependent upon the actuarial assumptions used. The company reviews historical trends, future expectations, current market conditions, and external data to determine the assumptions. The discount rate represents the market rate for a high-quality corporate bond. The rate of compensation increase is determined by the company, based upon its long-term plans for such increases. The actuarial assumptions used to determine the net periodic pension cost are based upon the prior year’s assumptions used to determine the benefit obligation. Benefit payments are expected to be paid as follows: ​ ​ ​ ​ ​ (thousands) Arrow SERP 2025 ​ $ 6,168 2026 ​ 6,318 2027 ​ 6,183 2028 ​ 6,201 2029 ​ 6,792 2030 - 2034 ​ 36,382 ​ As of December 31, 2024, the company had designated $115.7 million in assets to cover the ongoing costs of SERP payouts for both current and former executives. These assets were comprised primarily of life insurance policies and mutual fund investments, and $114.4 million of these investments were held in a rabbi trust. Contributions to the rabbi trust are irrevocable by the company. In the event of bankruptcy by the company, the assets held by the rabbi trust are subject to claims made by the company’s creditors. Other Comprehensive Income Items The following table presents the other comprehensive income items for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 ​ 2023 ​ 2022 Actuarial (loss) gains, net of tax ​ $ 5,027 ​ $ (1,011) ​ $ 19,548 Reclassification of actuarial loss (gain), net of tax (a) ​ (125) ​ ​ (508) ​ ​ 590 Prior service (costs), net of tax ​ ​ — ​ ​ — ​ ​ (2,304) Reclassification of prior service costs, net of tax ​ ​ 256 ​ ​ 256 ​ ​ — ​ Accumulated other comprehensive income (loss) at December 31, 2024 and 2023 includes unrecognized actuarial gains, net of related taxes, of $12.2 million and $7.3 million, respectively, that have not yet been recognized in net periodic pension cost. Accumulated other comprehensive income (loss) at December 31, 2024 and 2023 includes prior service (costs), net of related taxes, of $(1.8) million and $(2.0) million, respectively, that have not yet been recognized in net periodic pension cost. Defined Contribution Plans The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $20.1 million, $21.2 million, and $20.3 million in 2024, 2023, and 2022, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $22.4 million, $22.6 million, and $22.1 million in 2024, 2023, and 2022, respectively.

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2024
Lease Commitments
Lease Commitments	14. Lease Commitments The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2036. Substantially all leases are classified as operating leases. The company recorded operating lease costs of $98.0 million, $93.4 million, and $92.0 million in 2024, 2023, and 2022, respectively. The following amounts were recorded in the consolidated balance sheets at December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Operating Leases ​ ​ Right-of-use asset ​ $ 251,129 ​ $ 269,524 ​ ​ ​ ​ ​ ​ ​ Lease liability - current ​ $ 68,941 ​ $ 74,232 Lease liability - non-current ​ 198,466 ​ 210,110 Total operating lease liabilities ​ $ 267,407 ​ $ 284,342 ​ Maturities of operating lease liabilities at December 31 were as follows: ​ ​ ​ ​ ​ (thousands) 2024 2025 ​ $ 77,607 2026 ​ 63,279 2027 ​ 53,911 2028 ​ 43,888 2029 ​ 23,085 Thereafter ​ 39,252 Total lease payments ​ 301,022 Less: imputed interest ​ (33,615) Total ​ $ 267,407 ​ Other information pertaining to leases consists of the following for the year ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Supplemental Cash Flow Information ​ ​ ​ Cash paid for amounts included in the measurement of operating lease liabilities ​ $ 94,829 ​ $ 91,797 ​ Right-of-use assets obtained in exchange for operating lease obligations ​ 62,583 ​ 74,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Lease Term and Discount Rate ​ ​ ​ Weighted-average remaining lease term in years ​ 5 years ​ 5 years ​ Weighted-average discount rate ​ 5.4% ​ 4.6% ​ ​

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2024
Contingencies
Contingencies	15. Contingencies Environmental Matters The Company has accrued liabilities of $24.7 million for ongoing environmental remediation efforts at sites in Huntsville, Alabama (the “Huntsville site”) and Norco, California (the “Norco site”) at which contaminated soil and groundwater was identified. The contamination related to activities of certain subsidiaries which ended prior to 2000. Remediation efforts began in 2015 and 2003 at the Huntsville site and Norco site, respectively, and are progressing under action plans monitored by local environmental agencies. Costs are recorded for environmental matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Environmental liabilities are included in “Accrued expenses” and “ Other liabilities To date, the company has spent approximately $9.1 million and $86.5 million related to environmental costs at the Huntsville site and the Norco site, respectively. The subsequent environmental costs at the Huntsville site are estimated to be between $5.3 million and $17.0 million and at the Norco site they are estimated to be between $19.4 million and $35.5 million. The company expects the liabilities associated with such ongoing remediation to be resolved over an extended period of time with current estimates extending beyond 2040. The accruals for environmental liabilities are adjusted periodically as facts and circumstances change, assessment and remediation efforts progress, or as additional technical or legal information becomes available. Environmental liabilities are difficult to assess and estimate due to various unknown factors such as the timing and extent of remediation, the efficacy and long-term costs of remediation, improvements in remediation technologies, orders by administrative agencies, and the extent to which environmental laws and regulations may change in the future. Accordingly, the company cannot presently estimate the ultimate potential costs related to either of the two sites. During 2023, the company recorded charges of $23.3 million related to increases in the environmental liabilities for the Huntsville and Norco sites. These costs are included in “ Restructuring, integration, and other To date, the company has recovered approximately $47.3 million from certain insurance carriers relating to environmental clean-up matters at these sites and continues to pursue additional recoveries from one insurer related solely to the Huntsville site. The company has not recorded a receivable for any potential future insurance recoveries. It is reasonably possible that the company will need to adjust the liabilities noted above to reflect the effects of new or additional information, to the extent that such information impacts the costs, timing, or duration of the required actions. Future changes in estimates of the costs, timing, or duration of the required actions could have a material adverse effect on the company’s consolidated financial position, results of operations, or cash flows. Other During 2023, the company received $62.2 million in settlement benefits in connection with claims filed against certain manufacturers of aluminum, tantalum, and film capacitors who allegedly colluded to fix the price of capacitors from 2001 through 2014. These amounts were recorded as a reduction to “Selling, general, and administrative” in the company’s consolidated statements of operations. From time to time, in the normal course of business, the company may become liable with respect to other pending and threatened litigation, environmental, regulatory, labor, product, and tax matters. While such matters are subject to inherent uncertainties, it is not currently anticipated that any such matters will materially impact the company’s consolidated financial position, liquidity, or results of operations.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2024
Segment and Geographic Information
Segment and Geographic Information	16. Segment and Geographic Information The company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company organizes its operations by geographic region and global business lines. The company’s operating segments reflect the way the chief executive officer, who is the CODM as defined in ASC 280, Segment Reporting, reviews financial information, makes operating decisions and assesses business performance. In identifying operating segments, the company also considers its annual budgeting and forecasting process, management reporting structure, the basis on which management compensation is determined, information presented to the Board of Directors and similarities such as the nature of products, the level of shared products, technology and other resources, and customer base. The company concluded that identifying operating segments by major geographic region within each of the company’s major businesses was consistent with the objectives of ASC 280 and it has aggregated geographic operating segments within the global components reportable segment and the global ECS reportable segment based on similar characteristics including long-term financial performance, the nature of services provided, internal process for delivering those services, and types of customers. ​ The company’s global components reportable segment is enabled by a comprehensive range of value-added capabilities and services, markets, and distributes electronic components to OEMs and EMS providers. The company’s global ECS reportable segment is a leading value-added provider of comprehensive computing solutions and services. The global ECS portfolio of computing solutions includes datacenter, cloud, security, and analytics solutions. Global ECS brings broad market access, extensive supplier relationships, scale, and resources to help its VARs and MSPs meet the needs of their end-users. ​ The CODM evaluates the performance of both reportable segments based on operating income. Sales, net gross profit, and operating expenses are also monitored closely. This information is used to monitor operating margins, measure segment profitability, allocate resources, and make budgeting and forecasting decisions about the reportable segments. The CODM also uses these measures to monitor trends in year over year performance comparisons, sequential quarter performance comparisons, and to compare actual results to forecasts. More disaggregated information about operating expense is generally only reviewed by the CODM on a consolidated basis. ​ As a result of the company’s philosophy of maximizing operating efficiencies through the centralization of certain functions, operating income for the reportable segments excludes unallocated corporate overhead costs, depreciation on corporate fixed assets, and restructuring, integration, and other costs, as they are not attributable to the individual reportable segments and are included in the corporate line item. ​ ​ ​ ​ ​ ​ ​ Sales, by reportable segment by geographic area, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Sales: ​ ​ ​ Components: ​ ​ ​ Americas ​ $ 6,411,701 ​ $ 7,954,713 ​ $ 9,592,547 EMEA ​ 5,648,107 ​ 8,074,894 ​ ​ 7,627,974 Asia/Pacific ​ 7,923,459 ​ 9,390,292 ​ ​ 11,567,482 Global components ​ $ 19,983,267 ​ $ 25,419,899 ​ $ 28,788,003 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ECS: ​ ​ ​ ​ Americas ​ $ 4,067,160 ​ $ 4,160,298 ​ $ 4,847,027 EMEA ​ 3,872,897 ​ 3,526,923 ​ ​ 3,489,392 Global ECS ​ $ 7,940,057 ​ $ 7,687,221 ​ $ 8,336,419 Consolidated ​ $ 27,923,324 ​ $ 33,107,120 ​ $ 37,124,422 ​ Sales by country are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Sales: ​ ​ ​ China and Hong Kong ​ $ 4,033,744 ​ $ 4,858,871 ​ $ 6,339,883 Germany ​ 3,007,517 ​ 4,341,837 ​ 4,715,806 Other ​ 11,114,613 ​ 12,737,852 ​ 12,901,063 Total foreign ​ $ 18,155,874 ​ $ 21,938,560 ​ $ 23,956,752 United States ​ 9,767,450 ​ 11,168,560 ​ 13,167,670 Total ​ $ 27,923,324 ​ $ 33,107,120 ​ $ 37,124,422 ​ The company operates in more than 85 countries worldwide. Sales to unaffiliated customers are based on the company location that maintains the customer relationship and transacts the external sale. ​ Results of operations by reportable segment are as follows for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ (thousands) ​ Global Components ​ Global ECS ​ Corporate ​ Consolidated ​ Sales ​ $ 19,983,267 ​ $ 7,940,057 ​ $ - ​ $ 27,923,324 ​ Cost of sales ​ ​ 17,650,909 ​ ​ 6,980,007 ​ ​ - ​ ​ 24,630,916 ​ Gross profit ​ ​ 2,332,358 ​ ​ 960,050 ​ ​ - ​ ​ 3,292,408 ​ Gross profit margin ​ ​ 11.7 % ​ 12.1 % ​ - ​ ​ 11.8 % Operating expenses (a) ​ ​ 1,591,085 ​ ​ 549,975 ​ ​ 382,791 ​ ​ 2,523,851 ​ Operating income (loss) (b) (c) (d) ​ $ 741,273 ​ $ 410,075 ​ $ (382,791) ​ $ 768,557 ​ Operating income margin ​ ​ 3.7 % ​ 5.2 % ​ - ​ ​ 2.8 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ (thousands) ​ Global Components ​ Global ECS ​ Corporate ​ Consolidated ​ Sales ​ $ 25,419,899 ​ $ 7,687,221 ​ $ - ​ $ 33,107,120 ​ Cost of sales ​ ​ 22,220,779 ​ ​ 6,737,323 ​ ​ - ​ ​ 28,958,102 ​ Gross profit ​ ​ 3,199,120 ​ ​ 949,898 ​ ​ - ​ ​ 4,149,018 ​ Gross profit margin ​ ​ 12.6 % ​ 12.4 % ​ - ​ ​ 12.5 % Operating expenses (a) ​ ​ 1,739,954 ​ ​ 582,894 ​ ​ 355,006 ​ ​ 2,677,854 ​ Operating income (loss) (b) (c) (d) ​ $ 1,459,166 ​ $ 367,004 ​ $ (355,006) ​ $ 1,471,164 ​ Operating income margin ​ ​ 5.7 % ​ 4.8 % ​ - ​ ​ 4.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ (thousands) ​ Global Components ​ Global ECS ​ Corporate ​ Consolidated ​ Sales ​ $ 28,788,003 ​ $ 8,336,419 ​ $ - ​ $ 37,124,422 ​ Cost of sales ​ ​ 24,883,076 ​ ​ 7,404,721 ​ ​ - ​ ​ 32,287,797 ​ Gross profit ​ ​ 3,904,927 ​ ​ 931,698 ​ ​ - ​ ​ 4,836,625 ​ Gross profit margin ​ ​ 13.6 % ​ 11.2 % ​ - ​ ​ 13.0 % Operating expenses (a) ​ ​ 1,943,802 ​ ​ 523,179 ​ ​ 301,150 ​ ​ 2,768,131 ​ Operating income (loss) (d) ​ $ 1,961,125 ​ $ 408,519 ​ $ (301,150) ​ $ 2,068,494 ​ Operating income margin ​ ​ 6.8 % ​ 4.9 % ​ - ​ ​ 5.6 % ​ (a) Segment operating expenses include employee related expenses, depreciation and amortization, allowance for credit losses, and other segment expenses. (b) Global components operating income includes charges of $60.6 million in inventory write downs related to the wind down of businesses in 2024. Global components operating income includes $62.2 million in settlement benefits recorded as a reduction to operating expense for 2023. Refer to Note 15. (c) In 2023, global ECS operating income includes charges of $25.4 million to increase the allowance for credit losses related to one customer. During 2024, global ECS operating income includes a reversal of charges of $20.0 million for aged receivables that were collected, related to the same customer. (d) Corporate operating loss for the years 2024, 2023, and 2022 includes restructuring, integration, and other charges of $142.9 million, $83.9 million, and $13.7 million, respectively. Refer to Note 9. ​ Total assets, by reportable segment, at December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Total assets: ​ ​ Global components ​ $ 14,765,931 ​ $ 15,129,190 Global ECS ​ 6,518,723 ​ 6,051,459 Corporate ​ 473,053 ​ 545,519 Consolidated ​ $ 21,757,707 ​ $ 21,726,168 ​ Long-lived assets by country are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Long-lived assets: ​ ​ Netherlands ​ $ 78,120 ​ $ 89,199 France ​ ​ 86,268 ​ ​ 87,861 Other ​ 223,903 ​ 258,264 Total foreign ​ $ 388,291 ​ $ 435,324 United States ​ 332,098 ​ 364,940 Total ​ $ 720,389 ​ $ 800,264 ​

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2024
VALUATION AND QUALIFYING ACCOUNTS
VALUATION AND QUALIFYING ACCOUNTS	ARROW ELECTRONICS, INC. SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning of ​ Charged to ​ ​ ​ ​ ​ ​ ​ Balance at Allowance for credit losses (thousands) ​ Year ​ Income ​ Other (a) ​ Write-down ​ End of Year Year ended December 31, 2024 ​ $ 146,480 ​ $ 751 ​ $ (2,411) ​ $ 28,375 ​ $ 116,445 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2023 ​ $ 93,397 ​ $ 71,984 ​ $ 690 ​ $ 19,591 ​ $ 146,480 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 ​ $ 75,901 ​ $ 34,590 ​ $ (1,476) ​ $ 15,618 ​ $ 93,397 (a) “Other” primarily includes the effect of fluctuations in foreign currencies and the allowance for credit losses of the businesses acquired and disposed of by the company .

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 392,074	$ 903,505	$ 1,426,884

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non Rule 10b5-1 Arrangement Modified	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management Strategy And Governance [Abstract]
Cybersecurity Risk Management Processes For Assessing Identifying And Managing Threats [Text Block]	Risk Management and Strategy ​ The company maintains a multi-layered approach to cybersecurity risk management which leverages technology and human oversight. The company uses active and passive methods designed to continuously monitor information systems and assess, identify, and manage potential vulnerabilities and threats. This digital-security management process is integrated into the company’s broader enterprise risk management framework. ​ The company utilizes active monitoring techniques (e.g., penetration testing), designed to leverage multiple sources of threat intelligence and vulnerability scanning complemented by endpoint protection and network systems. The company has a rapid-response protocol designed to investigate system alerts of potential cybersecurity threats, and the company’s incident response plan provides a structured approach to inter-departmental assessment, mitigation, and resolution of cybersecurity threats. ​ The company maintains strategic relationships with third-party cybersecurity experts and coordinates with various law-enforcement partners, each of whom may be engaged to provide additional investigative and remediation support. The company’s senior security leadership conducts periodic, in-depth reviews with the company’s enterprise risk management team and internal and external auditors to evaluate the effectiveness of the company’s cybersecurity systems, controls, and management processes. ​ The company conducts a security assessment for potential suppliers and service providers , which includes detailed interviews, questionnaires, and cyber-risk scoring. This process extends beyond initial engagement, with ongoing monitoring to identify emerging security risks or changes in suppliers’ risk profiles. ​ The company describes whether and how risks from identified cybersecurity threats have materially affected or are reasonably likely to materially affect the company under the heading “Cybersecurity incidents may hurt the company’s business, damage its reputation, increase its costs, and cause losses,” included as part of the company’s risk factor disclosures in Item 1A of this Annual Report on Form 10-K. To date, the company is not aware of any cybersecurity threats or incidents that have materially affected, or are reasonably likely to materially affect, the company, including its financial condition, results of operations, or business strategies.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The company maintains a multi-layered approach to cybersecurity risk management which leverages technology and human oversight. The company uses active and passive methods designed to continuously monitor information systems and assess, identify, and manage potential vulnerabilities and threats. This digital-security management process is integrated into the company’s broader enterprise risk management framework. ​ The company utilizes active monitoring techniques (e.g., penetration testing), designed to leverage multiple sources of threat intelligence and vulnerability scanning complemented by endpoint protection and network systems. The company has a rapid-response protocol designed to investigate system alerts of potential cybersecurity threats, and the company’s incident response plan provides a structured approach to inter-departmental assessment, mitigation, and resolution of cybersecurity threats.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight And Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected Or Reasonably Likely To Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board Of Directors Oversight [Text Block]	Governance ​ The Board of Directors of the company (the “Board”), primarily through its Audit Committee , oversees the company’s cybersecurity program. The company’s CIO and CSO regularly report to the Audit Committee on the current state of the company’s cybersecurity program (including the current threat landscape, cybersecurity risks, and any significant incidents). The Audit Committee may provide updates to the Board on the substance of these reports and any recommendations for enhancements that the Audit Committee deems appropriate. ​ The CIO and CSO receive regular reports from the company’s cybersecurity department , both historical and real-time, about the company’s global cybersecurity status. The company believes this approach enables the CIO and CSO to monitor the company's global security status and to identify and assess potential threats. The company has established written policies and procedures to ensure that cybersecurity incidents are immediately investigated, addressed through the coordination of various internal departments, and publicly reported (to the extent required by applicable law). The company’s security organization assesses the severity and priority of incidents on a rolling basis, with escalations of cybersecurity incidents provided to the management team. If management determines a cybersecurity incident is material, the company’s incident response plan and its disclosure controls and procedures set forth the process for any required disclosures and require management to promptly inform the Board. ​ Under the direction of the CIO, the CSO is responsible for global cybersecurity and business continuity, which includes security architecture, security operations, incident response, IT risk and compliance, physical security, fraud and security awareness and training. The CSO has over 20 years of security experience and holds a degree in IT and cybersecurity, along with maintaining certifications in risk, information security, data privacy, legal investigations, and audit, among other disciplines. The other members of the company’s security organization also have extensive cybersecurity, business, and technology experience and all hold certifications in their area of expertise.
Cybersecurity Risk Board Committee Or Subcommittee Responsible For Oversight [Text Block]	Audit Committee
Cybersecurity Risk Process For Informing Board Committee Or Subcommittee Responsible For Oversight [Text Block]	The Board of Directors of the company (the “Board”), primarily through its Audit Committee , oversees the company’s cybersecurity program. The company’s CIO and CSO regularly report to the Audit Committee on the current state of the company’s cybersecurity program (including the current threat landscape, cybersecurity risks, and any significant incidents). The Audit Committee may provide updates to the Board on the substance of these reports and any recommendations for enhancements that the Audit Committee deems appropriate.
Cybersecurity Risk Role Of Management [Text Block]	The company’s CIO and CSO regularly report to the Audit Committee on the current state of the company’s cybersecurity program (including the current threat landscape, cybersecurity risks, and any significant incidents). The Audit Committee may provide updates to the Board on the substance of these reports and any recommendations for enhancements that the Audit Committee deems appropriate.
Cybersecurity Risk Management Positions Or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions Or Committees Responsible [Text Block]	The company’s CIO and CSO
Cybersecurity Risk Management Expertise Of Management Responsible [Text Block]	Under the direction of the CIO, the CSO is responsible for global cybersecurity and business continuity, which includes security architecture, security operations, incident response, IT risk and compliance, physical security, fraud and security awareness and training. The CSO has over 20 years of security experience and holds a degree in IT and cybersecurity, along with maintaining certifications in risk, information security, data privacy, legal investigations, and audit, among other disciplines. The other members of the company’s security organization also have extensive cybersecurity, business, and technology experience and all hold certifications in their area of expertise.
Cybersecurity Risk Process For Informing Management Or Committees Responsible [Text Block]	The CIO and CSO receive regular reports from the company’s cybersecurity department , both historical and real-time, about the company’s global cybersecurity status. The company believes this approach enables the CIO and CSO to monitor the company's global security status and to identify and assess potential threats. The company has established written policies and procedures to ensure that cybersecurity incidents are immediately investigated, addressed through the coordination of various internal departments, and publicly reported (to the extent required by applicable law). The company’s security organization assesses the severity and priority of incidents on a rolling basis, with escalations of cybersecurity incidents provided to the management team. If management determines a cybersecurity incident is material, the company’s incident response plan and its disclosure controls and procedures set forth the process for any required disclosures and require management to promptly inform the Board.
Cybersecurity Risk Management Positions Or Committees Responsible Report To Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of Arrow Electronics, Inc. (the “company” or “Arrow”) include the accounts of the company, its majority-owned subsidiaries, and Arrow EMEA Funding Corp B.V. (see Note 4). All significant intercompany transactions are eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP in the United States requires the company to make significant estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of highly liquid investments, which are readily convertible into cash, with original maturities of three months or less.
Trade Accounts Receivable	Trade Accounts Receivable Trade accounts receivable are reported at amortized cost, net of the allowance for credit losses in the consolidated balance sheets. The allowance for credit losses is a valuation account that is deducted from the receivables’ amortized cost basis to present the net amount expected to be collected. Receivables are written off against the allowance when management believes the receivable balance is confirmed to be uncollectible. Management estimates the allowance for credit losses using relevant available information about expected credit losses and an age-based reserve model. Inputs to the model include information about historical credit losses, customer credit ratings, past events, current conditions, and reasonable and supportable forecasts. Adjustments to historical loss information are made for differences in current receivable-specific risk characteristics such as changes in the economic and industry environment, or other relevant factors. Expected credit losses are estimated on a collective (pool) basis, when similar risk characteristics exist, based on customer credit ratings, which include both externally acquired as well as internally determined credit ratings. Receivables that do not share risk characteristics are evaluated on an individual basis.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on a moving average cost basis, which approximates the first-in, first-out method. Substantially all inventories represent finished goods held for sale.
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives for depreciation of buildings is generally 20 30 3 10 level. Asset groups are determined based upon the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. If the carrying value of an asset group cannot be recovered from estimated future cash flows, undiscounted and without interest, the fair value of the asset is calculated using the present value of estimated net future cash flows. If the fair value is less than the carrying amount of the asset, a loss is recognized for the difference, subject to the limitation of individual asset fair values within the group.
Software Development Costs	Software Development Costs The company capitalizes certain internal and external costs incurred to acquire or create internal-use software. Capitalized software costs are amortized on a straight-line basis over the estimated useful life of the software, which is generally 3 12
Identifiable Intangible Assets	Identifiable Intangible Assets Amortization of definite-lived intangible assets is computed using the straight-line method over the estimated useful lives of the assets. Identifiable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable.
Investments	Investments Investments are accounted for using the equity method if the investment provides the company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the company has an ownership interest in the voting stock of the investee between 20% and 50%, although other factors, such as representation on the investee’s Board of Directors, are considered in determining whether the equity method is appropriate. The company records its investments in equity method investees meeting these characteristics as “Equity in earnings of affiliated companies” in the company’s consolidated statements of operations and “Investments in affiliated companies” in the company’s consolidated balance sheets. Equity investments for which the company does not possess the ability to exercise significant influence are measured at fair value using quoted market prices, and are included in “Other assets” in the company’s consolidated balance sheets. Changes in fair value are recorded in “(Loss) gain on investments, net” in the company’s consolidated statements of operations. The company records equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes.
Goodwill	Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill for impairment annually as of the first day of the fourth quarter and/or when an event occurs or circumstances change such that it is more likely than not that an impairment may exist. Examples of such events and circumstances that the company would consider include the following: ● macroeconomic conditions such as deterioration in general economic conditions, limitations on accessing capital, fluctuations in foreign exchange rates, or other developments in equity and credit markets; ● industry and market considerations such as a deterioration in the environment in which the company operates, an increased competitive environment, a decline in market-dependent multiples or metrics (considered in both absolute terms and relative to peers), a change in the market for the company’s products or services, or a regulatory or political development; ● cost factors such as increases in inventory, labor, or other costs that have a negative effect on earnings and cash flows; ● overall financial performance such as negative or declining cash flows or a decline in actual or planned revenue or earnings compared with actual and projected results of relevant prior periods; ● other relevant entity-specific events such as changes in management, key personnel, strategy, or customers, contemplation of bankruptcy, or litigation; ● events affecting a reporting unit such as a change in the composition or carrying amount of its net assets, a more likely than not expectation of selling or disposing all, or a portion, of a reporting unit, the testing for recoverability of a significant asset group within a reporting unit, or recognition of a goodwill impairment loss in the financial statements of a subsidiary that is a component of a reporting unit; and ● a sustained decrease in share price (considered in both absolute terms and relative to peers). Goodwill is tested at a level of reporting referred to as the reporting unit. Below is a list of the company’s reporting units and the respective allocation of goodwill: ​ ​ ​ ​ ​ ​ ​ (thousands) ​ 2024 Americas Components ​ $ 563,135 EMEA Components ​ 115,651 Asia/Pacific Components (a) ​ ​ — eInfochips ​ ​ 223,659 ​ ​ ​ ​ Americas ECS ​ ​ 776,765 EMEA ECS ​ ​ 376,085 Consolidated ​ $ 2,055,295 (a) Within the global components reportable segment, the Asia/Pacific reporting unit’s goodwill was previously fully impaired. The company performs a quantitative goodwill impairment test annually and this test is used to both identify and measure impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit is less than its fair value, no impairment exists. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The company estimates the fair value of a reporting unit using the income approach. For the purposes of the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The assumptions included in the income approach include forecasted revenues, gross profit margins, operating income margins, working capital, perpetual growth rates, income tax rates, and long-term discount rates, among others, all of which require significant judgments by management. Actual results may differ from those assumed in the company’s forecasts. The company also reconciles its discounted cash flow analysis to its current market capitalization allowing for a reasonable control premium. As of the first day of the fourth quarters of 2024, 2023, and 2022, the company’s annual impairment testing did not indicate impairment at any of the company’s reporting units. As of the date of the company’s 2024 annual impairment test, the fair value of all reporting units exceeded their carrying values by more than 38%. Discount rates are one of the more significant assumptions used in the income approach. If the company increased the discount rates used by 100 basis points, the fair value of all reporting units would still exceed their carrying values by more than 24%. A decline in general economic conditions or global equity valuations could impact the judgments and assumptions about the fair value of the company’s businesses, and the company could be required to record an impairment charge in the future, which could impact the company’s consolidated balance sheets, as well as the company’s consolidated statements of operations. If the company was required to recognize an impairment charge in the future, the charge would not impact the company’s consolidated cash flows, current liquidity, capital resources, and covenants under its existing revolving credit facility, North American asset securitization program, other outstanding borrowings, and EMEA asset securitization program.
Leases	Leases The company determines if a contract contains a lease at inception based on whether it conveys the right to control the use of an identified asset. Substantially all of the company’s leases are classified as operating leases. The company records operating lease right-of-use assets within “Other assets” and lease liabilities are recorded within “Other liabilities” and “Accrued expenses” in the consolidated balance sheets. Lease expenses are recorded within “Selling, general, and administrative” in the consolidated statements of operations. Operating lease payments are presented within “Operating cash flows” in the consolidated statements of cash flows. Operating lease right-of-use assets and lease liabilities are recognized based on the net present value of future minimum lease payments over the lease term starting on the commencement date. The company generally is not able to determine the rate implicit in its leases and, as such, applies an incremental borrowing rate based on the company’s cost of borrowing for the relevant terms of each lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Lease terms may include an option to extend or terminate a lease if it is reasonably certain that the company will exercise such options. The company does not separate lease components from non-lease components, and also has elected not to record a right-of-use asset or lease liability for leases which, at inception, have a term of twelve months or less. Variable lease payments are recognized in the period in which the obligation for those payments is incurred.
Foreign Currency Translation and Remeasurement	Foreign Currency Translation and Remeasurement The assets and liabilities of international operations are translated at the exchange rates in effect at the balance sheet date. Revenue and expense accounts are translated at the monthly average exchange rates. Adjustments arising from the translation of the foreign currency financial statements of the company’s international operations are reported as a component of “Accumulated other comprehensive loss” in the company’s consolidated balance sheets. For foreign currency remeasurement from each local currency into the appropriate functional currency, monetary assets and liabilities are remeasured to functional currencies using current exchange rates in effect at the balance sheet date. Gains or losses from these remeasurements were not significant and have been included in the company’s consolidated statements of operations. Non-monetary assets and liabilities are recorded at historical exchange rates. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date.
Income Taxes	Income Taxes Income taxes are accounted for under the liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. 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. Should the company determine that it is more likely than not that some portion or all of its deferred tax assets will not be realized, a valuation allowance to reduce the deferred tax assets is established in the period such determination is made. The assessment of the need for a valuation allowance requires judgment on the part of management with respect to the benefits that could be realized from future taxable income, as well as other positive and negative factors. It is also the company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. To the extent the company prevails in matters for which a liability for an unrecognized tax benefit is established, or is required to pay amounts in excess of the liability, or when other facts and circumstances change, the company’s effective tax rate in a given financial statement period may be materially affected.
Net Income Per Share	Net Income Per Share Basic net income per share is computed by dividing net income attributable to shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. The dilutive effect of equity awards is calculated using the treasury stock method.
Treasury Stock	Treasury Stock The company’s stock repurchase program provides an opportunity for the company to repurchase shares at the discretion of the company’s senior executives, based on various factors. The company recognizes treasury stock based on the amount paid to repurchase its shares. Direct costs incurred to acquire treasury stock, including excise taxes, are added to the cost of the treasury stock. Upon the retirement of treasury shares, the cost of repurchased and retired treasury shares in excess of the par value is allocated between additional paid-in capital and retained earnings. All retired shares are classified as authorized but unissued and do not reduce the total number of authorized shares. When treasury shares are reissued, if the issuance price is higher than the average price paid to acquire the shares (the “average cost”), the gain on reissuance is credited to additional paid-in-capital. If the issuance price is lower than the average cost, the loss on reissuance is first charged against any previous gains recorded to additional paid-in-capital from treasury stock, with the remaining balance charged to retained earnings.
Comprehensive Income	Comprehensive Income Comprehensive income consists of consolidated net income, foreign currency translation adjustment, gains or losses on post-retirement benefit plans, gains or losses on foreign exchange contracts designated as net investment hedges, and gains and losses on interest rate swaps designated as cash flow hedges. Gains or losses on interest rate swaps, and foreign exchange contracts are net of any reclassification adjustments for realized gains or losses included in consolidated net income. Amounts related to net investment hedges that are excluded from the assessment of hedge effectiveness are amortized to “Interest and other financing expense, net” on a straight-line basis over the life of the hedging instrument. Foreign currency translation adjustments included in comprehensive income which are deemed permanent investments in international affiliates were not tax effected. All other comprehensive income items are net of related income taxes.
Stock-Based Compensation	Stock-Based Compensation The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. Stock-based compensation expense related to awards with a market or performance condition which cliff vest, and stock-based compensation awards with service conditions only are recognized over the vesting period on a straight-line basis. Stock-based compensation expense related to awards with graded vesting and performance conditions is recognized using the graded vesting method.
Segment Reporting	Segment Reporting Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the CODM in deciding how to allocate resources and in assessing performance. The company’s operations are classified into two reportable segments: global components and global ECS (see Note 16).
Revenue Recognition	Revenue Recognition The company recognizes revenue as control of products is transferred to customers, which generally happens at the point of shipment, or when the service has occurred. The company allows its customers to return product for exchange or credit in limited circumstances. The company also provides volume rebates and other discounts to certain customers which are considered a variable consideration. A provision for customer rebates and other discounts is recorded as a reduction of revenue at the time of sale based on an evaluation of the contract terms and historical experience. Sales are recorded net of discounts, rebates, and returns, which historically have not been material. Tariffs are included in sales as the company has enforceable rights to additional consideration to cover the cost of tariffs. Other taxes imposed by governmental authorities on the company’s revenue producing activities with customers, such as sales taxes and value-added taxes, are excluded from net sales. Products sold by the company are generally delivered via shipment from the company's facilities, drop shipment directly from the vendor, or by electronic delivery of keys for software products. The company is the principal in transactions when it is principally responsible for fulfilling the order, which includes negotiating pricing, payment to the supplier, establishing payment terms with the customer, product returns, and has risk of loss if the customer does not make payment. Sales, where the company is the principal in the transaction, are reported on the gross amount billed to a customer less discounts, rebates, and returns (referred to as “sales recognized on a gross basis”). ​ The company has contracts with certain customers where the company’s performance obligation is to arrange for the products or services to be provided by another party. The company is the agent in these arrangements, which pertains to the sale of supplier-provided service contracts to customers or delivery of product for which the company does not assume the risks and rewards of ownership as part of logistics services rendered to customers. Sales, where the company is the agent, are reported as the amount billed to the customer net of the cost of the sale (referred to as “sales recognized on a net ​ Within the company’s global ECS reportable segment, in certain periods, changes in the mix of sales of IT solutions impact the proportion of the company’s revenue that is recorded on a net basis compared to a gross basis. These changes increase or decrease sales during a period without a corresponding change in gross profit. This is driven by the company’s responsibilities in the sale of various IT solutions, which is based on terms and conditions in place with its partners. ​ No single customer accounted for more than 2% of the company’s 2024 consolidated sales. No single supplier accounted for more than 8% of the company’s consolidated sales in 2024. The company believes that many of the products it sells are available from other sources at competitive prices. However, certain parts of the company’s business, such as the company’s global ECS business, rely on a limited number of suppliers with the strategy of providing focused support, extensive product knowledge, and customized service to suppliers, MSPs, and VARs. Most of the company’s purchases from suppliers are pursuant to distributor agreements, which are typically non-exclusive and cancelable by either party at any time or on short notice.
Shipping and Handling Costs	Shipping and Handling Costs The company reports shipping and handling costs, primarily related to outbound freight, in the consolidated statements of operations as a component of “Selling, general, and administrative” or “Cost of sales”, depending on the nature of the transaction.
Vendor Programs	Vendor Programs The company participates in supplier programs that provide for price protection, product rebates, marketing/promotional allowances, and other incentives. The consideration received under these programs is recorded in the consolidated statements of operations as an adjustment to “Cost of sales” or “Selling, general, and administrative”, according to the nature of the activity and terms of the vendor program. Incentives are accrued as they are earned based on sales of qualifying products or as services are provided in accordance with the terms of the related program.
Impact of Recently Issued Accounting Standards	Impact of Recently Issued Accounting Standards In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses condensed consolidated financial statements and related disclosures. In January 2025, the FASB issued ASU No. 2025-01, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU No. 2024-03 is permitted. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
Fair Value of Debt Policy	The carrying amount of the company’s other short-term borrowings, 4.00% notes due in 2025, revolving credit facility, North American asset securitization program, commercial paper, and other obligations approximate their fair value.
Financial Instruments Measured at Fair Value	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The fair value hierarchy has three levels of inputs that may be used to measure fair value: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ (thousands) ​ 2024 Americas Components ​ $ 563,135 EMEA Components ​ 115,651 Asia/Pacific Components (a) ​ ​ — eInfochips ​ ​ 223,659 ​ ​ ​ ​ Americas ECS ​ ​ 776,765 EMEA ECS ​ ​ 376,085 Consolidated ​ $ 2,055,295 (a) Within the global components reportable segment, the Asia/Pacific reporting unit’s goodwill was previously fully impaired.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets
Schedule of goodwill of companies acquired	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Global ​ ​ (thousands) ​ Components ​ Global ECS ​ Total Balance as of December 31, 2022 (a) ​ $ 873,003 ​ $ 1,154,623 ​ $ 2,027,626 Foreign currency translation adjustment ​ 2,191 ​ 20,609 ​ 22,800 Balance as of December 31, 2023 (a) ​ $ 875,194 ​ $ 1,175,232 ​ $ 2,050,426 Acquisitions ​ 35,870 ​ — ​ 35,870 Foreign currency translation adjustment ​ (8,619) ​ (22,382) ​ (31,001) Balance as of December 31, 2024 (a) ​ $ 902,445 ​ $ 1,152,850 ​ $ 2,055,295 (a) The total carrying value of goodwill as of December 31, 2024, 2023, and 2022 in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components reportable segment and $301.9 million was recorded in the global ECS reportable segment.
Schedule of intangible assets, net	Intangible assets, net, are comprised of the following as of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ (thousands) ​ Amount ​ Amortization ​ Net Customer relationships ​ $ 215,366 ​ $ (133,927) ​ $ 81,439 Amortizable trade name ​ 74,001 ​ (58,734) ​ 15,267 ​ ​ $ 289,367 ​ $ (192,661) ​ $ 96,706 ​ Intangible assets, net, are comprised of the following as of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ (thousands) ​ Amount ​ Amortization ​ Net Customer relationships ​ $ 258,337 ​ $ (156,141) ​ $ 102,196 Amortizable trade name ​ 73,811 ​ (48,567) ​ 25,244 ​ ​ $ 332,148 ​ $ (204,708) ​ $ 127,440

Investments in Affiliated Com_2

Investments in Affiliated Companies (Tables)	12 Months Ended
	Dec. 31, 2024
Investments in Affiliated Companies
Schedule of investment in affiliated companies	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Marubun/Arrow ​ $ 43,851 ​ $ 50,779 Other ​ 13,448 ​ 11,962 ​ ​ $ 57,299 ​ $ 62,741
Schedule of equity in earnings of affiliated companies	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Marubun/Arrow ​ $ (463) ​ $ 4,452 ​ $ 6,289 Other ​ 1,831 ​ 1,955 ​ 1,375 ​ ​ $ 1,368 ​ $ 6,407 ​ $ 7,664

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2024
Accounts Receivable
Schedule of accounts receivable, net	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Accounts receivable ​ $ 13,147,436 ​ $ 12,384,553 Allowance for credit losses ​ (116,445) ​ (146,480) Accounts receivable, net ​ $ 13,030,991 ​ $ 12,238,073
Schedule of changes in the allowance for credit losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Balance at beginning of period ​ $ 146,480 ​ $ 93,397 ​ $ 75,901 Charged to income ​ 751 ​ 71,984 ​ 34,590 Translation Adjustments ​ (2,411) ​ 690 ​ (1,476) Write-offs ​ (28,375) ​ (19,591) ​ (15,618) Balance at end of period ​ $ 116,445 ​ $ 146,480 ​ $ 93,397
Schedule of sales of accounts receivable to unaffiliated financial institutions under the EMEA asset securitization program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 ​ 2022 EMEA asset securitization, sales of accounts receivables ​ $ 1,892,516 ​ $ 3,160,247 ​ $ 2,524,276
Schedule of other amounts related to the EMEA asset securitization program	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Receivables sold to unaffiliated financial institutions that were uncollected ​ $ 339,669 ​ $ 529,266 Collateralized accounts receivable held by Arrow EMEA funding Corp B.V. ​ 528,975 ​ 805,788
Schedule of sales of trade accounts receivable under factoring programs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 ​ 2022 Sales of accounts receivables under the factoring programs ​ $ 928,279 ​ $ 1,618,726 ​ $ 1,612,909
Schedule of other amounts under factoring programs	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Receivables sold under the factoring programs that were uncollected ​ $ 182,432 ​ $ 375,940 ​

Supplier Finance Programs (Tabl

Supplier Finance Programs (Tables)	12 Months Ended
	Dec. 31, 2024
Supplier Finance Programs
Schedule of information relating to rollforward of the company's outstanding obligations under its supplier finance programs	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Obligations outstanding at the beginning of the year ​ $ 1,113,479 ​ $ 1,568,787 Invoices added during the year ​ 4,576,839 ​ 4,388,317 Invoices paid during the year ​ ​ (4,420,646) ​ ​ (4,843,625) Obligations outstanding at the end of the year ​ $ 1,269,672 ​ $ 1,113,479 ​

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt
Schedule of short-term borrowings, including current portion of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 3.25% notes, due September 2024 ​ $ — ​ $ 499,224 4.00% notes, due April 2025 ​ ​ 349,808 ​ ​ — Commercial paper ​ — ​ 1,121,882 Other short-term borrowings ​ 170 ​ 32,848 ​ ​ $ 349,978 ​ $ 1,653,954
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Revolving credit facility ​ $ 30,000 ​ $ — North American asset securitization program ​ ​ 633,000 ​ ​ 198,000 4.00% notes, due 2025 ​ — ​ 349,061 6.125% notes, due 2026 ​ — ​ 497,661 7.50% senior debentures, due 2027 ​ 110,266 ​ 110,184 3.875% notes, due 2028 ​ 497,775 ​ 497,098 5.15% notes, due 2029 ​ 495,209 ​ — 2.95% notes, due 2032 ​ 495,576 ​ 495,039 5.875% notes, due 2034 ​ ​ 494,986 ​ ​ — Other obligations with various interest rates and due dates ​ 16,971 ​ 6,510 ​ ​ $ 2,773,783 ​ $ 2,153,553
Schedule of estimated fair market value of long-term debt, using quoted market prices	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 4.00% notes, due 2025 ​ $ — ​ $ 343,500 6.125% notes, due 2026 ​ ​ — ​ ​ 502,000 7.50% senior debentures, due 2027 ​ 115,000 ​ 117,000 3.875% notes, due 2028 ​ 481,500 ​ 475,000 5.15% notes, due 2029 ​ 498,000 ​ — 2.95% notes, due 2032 ​ ​ 426,000 ​ ​ 425,000 5.875% notes, due 2034 ​ 502,500 ​ —

Financial Instruments Measure_2

Financial Instruments Measured at Fair Value (Tables)	12 Months Ended
	Dec. 31, 2024
Financial Instruments Measured at Fair Value
Schedule of assets (liabilities) measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Balance Sheet Location Level 1 Level 2 Level 3 Total Cash equivalents (a) ​ Cash and cash equivalents ​ $ 10,751 ​ $ — ​ $ — ​ $ 10,751 Equity investments (b) ​ Other assets ​ 42,907 ​ — ​ — ​ 42,907 Foreign exchange contracts designated as net investment hedges ​ Other assets / other current assets ​ — ​ 53,679 ​ — ​ 53,679 ​ ​ ​ ​ ​ $ 53,658 ​ $ 53,679 ​ $ — ​ $ 107,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) ​ Balance Sheet Location Level 1 Level 2 Level 3 Total Cash equivalents (a) ​ Cash and cash equivalents ​ $ 8,729 ​ $ — ​ $ — ​ $ 8,729 Equity investments (b) ​ Other assets ​ 57,625 ​ — ​ — ​ 57,625 Interest rate swaps designated as fair value hedge ​ Other liabilities ​ — ​ (454) ​ — ​ (454) Foreign exchange contracts designated as net investment hedges ​ Other assets / other current assets ​ — ​ 47,245 ​ — ​ 47,245 ​ ​ ​ ​ ​ $ 66,354 ​ $ 46,791 ​ $ — ​ $ 113,145 (a) Cash equivalents include highly liquid investments with an original maturity of less than three months. (b) The company has an approximately 9.0% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. During 2024, 2023, and 2022, the company recorded unrealized gains (losses) of $(12.0) million, $9.7 million, and $(5.8) million, respectively, on equity securities held at the end of each year.
Schedule of effects of derivative instruments on the company's consolidated statements of operations and other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Income Statement Line 2024 2023 2022 Gain (Loss) Recognized in Income (Loss) ​ ​ ​ Foreign exchange contracts, net investment hedge (a) Interest Expense ​ $ 6,747 ​ $ 7,460 ​ $ 8,805 Interest rate swaps, cash flow hedge Interest Expense ​ 593 ​ (2,889) ​ (3,586) Interest rate swap, fair value hedge (b) Interest Expense ​ 454 ​ (454) ​ — Total ​ $ 7,794 ​ $ 4,117 ​ $ 5,219 Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax ​ ​ ​ Foreign exchange contracts, net investment hedge (c) ​ $ 12,996 ​ $ (2,276) ​ $ 15,474 Interest rate swaps, cash flow hedge ​ (685) ​ 585 ​ 25,937 Total ​ $ 12,311 ​ $ (1,691) ​ $ 41,411 (a) Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to “Interest and other financing expense, net.” (b) The cumulative amount of fair value hedging adjustments to the carrying value of hedged debt instruments totaled a loss of $0.4 million during 2024, and a loss of $5.8 thousand during 2023, respectively. During the first quarter of 2024, the fair value hedge was terminated. (c) Includes derivative gains (losses) excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income, net of tax, of $(4.0) million, $(1.8) million, and $1.8 million for 2024, 2023, and 2022, respectively, which were excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income (loss), net of tax.
Interest rate swap | Designated as hedging instrument
Financial Instruments Measured at Fair Value
Description of types of hedging instruments used	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount Weighted-Average Interest Rate due to Trade Date ​ Maturity Date ​ (thousands) ​ Interest Rate ​ Counterparty February 2023 ​ March 2026 ​ $ 500,000 ​ 6.125% ​ SOFR+0.508%
Foreign exchange contract | Designated as hedging instrument
Financial Instruments Measured at Fair Value
Description of types of hedging instruments used	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount (thousands) Maturity Date ​ 2024 ​ 2023 September 2024 ​ EUR - EUR 50,000 April 2025 ​ EUR 100,000 EUR 100,000 January 2028 ​ EUR 100,000 EUR 100,000 Total ​ EUR 200,000 EUR 250,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Taxes
Schedule of provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Current: ​ ​ ​ Federal ​ $ (8,586) ​ $ 33,832 ​ $ 139,730 State ​ 3,352 ​ 16,108 ​ 29,117 International ​ 200,912 ​ 299,031 ​ 293,195 ​ ​ $ 195,678 ​ $ 348,971 ​ $ 462,042 Deferred: ​ ​ ​ Federal ​ $ (50,305) ​ $ (59,342) ​ $ (39,658) State ​ (8,348) ​ (11,960) ​ (5,613) International ​ (41,213) ​ (22,678) ​ 32,221 ​ ​ (99,866) ​ (93,980) ​ (13,050) ​ ​ $ 95,812 ​ $ 254,991 ​ $ 448,992
Schedule of effective income tax rate reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 United States ​ $ (234,972) ​ $ (38,848) ​ $ 517,642 International ​ 724,291 ​ 1,203,202 ​ 1,366,508 Income before income taxes ​ $ 489,319 ​ $ 1,164,354 ​ $ 1,884,150 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision at statutory tax rate ​ $ 102,757 ​ $ 244,514 ​ $ 395,672 State taxes, net of federal benefit ​ (3,279) ​ 2,379 ​ 18,675 International effective tax rate differential ​ 8,958 ​ 27,993 ​ 26,210 Change in valuation allowance ​ 333 ​ (7,755) ​ (6,378) Other non-deductible expenses ​ (585) ​ 2,993 ​ 7,441 Changes in tax accruals ​ (9,419) ​ 1,153 ​ 5,993 Tax credits ​ (10,786) ​ (7,666) ​ 980 U.S. tax (benefit) on foreign earnings ​ ​ 6,801 ​ ​ (10,075) ​ ​ 3,879 Other ​ 1,032 ​ 1,455 ​ (3,480) Provision for income taxes ​ $ 95,812 ​ $ 254,991 ​ $ 448,992
Schedule of reconciliation of unrecognized tax benefits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Balance at beginning of year ​ $ 82,808 ​ $ 75,666 ​ $ 71,422 Additions based on tax positions taken during a prior period ​ 4,537 ​ 7,466 ​ 6,760 Reductions based on tax positions taken during a prior period ​ (20,245) ​ (4,448) ​ (3,007) Additions based on tax positions taken during the current period ​ 7,943 ​ 5,505 ​ 3,526 Reductions related to settlement of tax matters ​ (11,090) ​ — ​ (2,271) Reductions related to a lapse of applicable statute of limitations ​ — ​ (1,381) ​ (764) Balance at end of year ​ $ 63,953 ​ $ 82,808 ​ $ 75,666
Schedule of open tax years, by major tax jurisdiction	​ ​ ​ ​ ​ United States - Federal ​ 2016 - present United States - States ​ 2015 - present Germany (a) ​ 2020 - present China and Hong Kong ​ 2017 - present Italy (a) ​ 2013 - present Netherlands ​ 2018 - present Sweden ​ 2019 - present Taiwan ​ 2018 - present United Kingdom ​ 2020 - present (a) Includes federal as well as local jurisdictions.
Schedule of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Deferred tax assets: ​ ​ Net operating loss carryforwards ​ $ 16,567 ​ $ 17,987 Inventory adjustments ​ 110,370 ​ 68,542 Allowance for credit losses ​ 20,475 ​ 27,637 Accrued expenses ​ 86,964 ​ 73,251 Interest carryforward ​ 21,923 ​ 4,170 Stock-based compensation awards ​ 5,490 ​ 5,692 Lease liability ​ 65,718 ​ 68,605 Research and experimentation costs (a) ​ 73,971 ​ 59,277 Other ​ 992 ​ 3,332 ​ ​ 402,470 ​ 328,493 Valuation allowance ​ (16,165) ​ (15,832) Total deferred tax assets ​ $ 386,305 ​ $ 312,661 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ Goodwill ​ $ (157,786) ​ $ (152,551) Depreciation ​ (42,540) ​ (58,419) Lease right-of-use assets ​ (61,685) ​ (64,937) Other comprehensive income items ​ (15,615) ​ (13,204) Total deferred tax liabilities ​ $ (277,626) ​ $ (289,111) Total net deferred tax assets ​ $ 108,679 ​ $ 23,550 (a) At December 31, 2024, and 2023, the company recorded deferred tax asset of $74.0 million and $59.3 million related to capitalized U.S. based research and experimental (“R&E”) costs, pursuant to the U.S. Internal Revenue Code Section 174, as amended by the 2017 U.S. Tax Cuts and Jobs Act.

Restructuring, Integration, a_2

Restructuring, Integration, and Other (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring, Integration, and Other
Schedule of components of the restructuring, integration, and other charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Restructuring, integration and related costs ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Expense Efficiency Plan costs (a) ​ $ 10,279 ​ $ — ​ $ — Other plans ​ ​ 3,848 ​ ​ 8,877 ​ ​ 6,994 Other expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expense reduction costs not related to restructuring initiatives (b) ​ 84,510 ​ ​ 19,077 ​ ​ (370) Increases to environmental remediation liabilities (c) ​ ​ 756 ​ ​ 23,336 ​ ​ 2,544 Early lease termination costs ​ ​ 6,814 ​ ​ 29,400 ​ ​ 3,162 Consulting costs (d) ​ ​ 25,306 ​ ​ — ​ ​ — Other charges ​ 11,404 ​ 3,226 ​ 1,411 ​ ​ $ 142,917 ​ $ 83,916 ​ $ 13,741 (a) See details related to the Operating Expense Efficiency Plan discussed below. (b) These costs are primarily related to the termination of personnel. As of December 31, 2024, the accrued liabilities related to these costs totaled $6.6 million and substantially all accrued amounts are expected to be spent in cash within one year . (c) Refer to Note 15 for further discussion of environmental liabilities. (d) Consulting costs are related to operating expense reduction costs not related to the restructuring initiative.
Operating Expense Efficiency Plan costs
Restructuring, Integration, and Other
Schedule of components of the restructuring, integration, and other charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Income Statement line Year Ended December 31, 2024 Total Cost Incurred to Date Employee severance and benefit costs ​ ​ Restructuring, integration, and other ​ $ 1,348 ​ $ 1,348 Inventory write-downs ​ ​ Cost of sales ​ ​ 50,344 ​ ​ 50,344 Asset impairments ​ ​ Restructuring, integration, and other ​ ​ 1,416 ​ ​ 1,416 Other costs (a) ​ ​ Restructuring, integration, and other ​ ​ 7,515 ​ ​ 7,515 ​ ​ ​ ​ ​ $ 60,623 ​ $ 60,623 (a) Other costs consist primarily of consulting and other professional fees and lease terminations.
Schedule of activity in the restructuring and integration accruals	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) Employee severance and benefit costs Inventory write-downs and asset impairments Other costs Total Balance at December 31, 2023 ​ $ - ​ $ - ​ $ - ​ $ - Restructuring related charges ​ ​ 1,348 ​ ​ 51,760 ​ ​ 7,515 ​ ​ 60,623 Asset write-offs and other non-cash activity ​ ​ - ​ ​ (51,760) ​ ​ (177) ​ ​ (51,937) Cash payments ​ ​ (964) ​ ​ - ​ ​ (7,136) ​ ​ (8,100) Balance at December 31, 2024 ​ $ 384 ​ $ - ​ $ 202 ​ $ 586

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Shareholders' Equity
Schedule of changes in accumulated other comprehensive (loss) income, excluding noncontrolling interests	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain Gain ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) on Foreign ​ (Loss) on ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ Exchange ​ Interest Rate ​ ​ ​ ​ ​ ​ ​ ​ Currency ​ Contracts ​ Swaps ​ ​ ​ ​ ​ ​ ​ ​ Translation ​ Designated as ​ Designated as ​ Employee ​ ​ ​ ​ ​ Adjustment and ​ Net Investment ​ Cash Flow ​ Benefit Plan ​ ​ ​ (thousands) ​ Other, Net ​ Hedges, Net ​ Hedges, Net ​ Items, Net ​ Total Balance as of December 31, 2022 ​ $ (422,711) ​ $ 20,111 ​ $ 27,855 ​ $ 9,483 ​ $ (365,262) Other comprehensive income (loss) before reclassifications (a) ​ 72,949 ​ (2,276) ​ 585 ​ (1,011) ​ 70,247 Amounts reclassified into income ​ 720 ​ (5,676) ​ 2,198 ​ (266) ​ (3,024) Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2023 ​ 73,669 ​ (7,952) ​ 2,783 ​ (1,277) ​ 67,223 Balance as of December 31, 2023 ​ (349,042) ​ 12,159 ​ 30,638 ​ 8,206 ​ (298,039) Other comprehensive income (loss) before reclassifications (a) ​ (222,489) ​ 12,996 ​ (685) ​ 5,027 ​ (205,151) Amounts reclassified into income ​ (317) ​ (5,137) ​ (452) ​ (173) ​ (6,079) Net change in accumulated other comprehensive income (loss) for the year ended December 31, 2024 ​ (222,806) ​ 7,859 ​ (1,137) ​ 4,854 ​ (211,230) Balance as of December 31, 2024 ​ $ (571,848) ​ $ 20,018 ​ $ 29,501 ​ $ 13,060 ​ $ (509,269) (a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(52.9) million and $21.2 million for 2024 and 2023, respectively.
Schedule of activity in the number of shares outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common ​ ​ Common ​ Treasury ​ Stock (thousands) ​ Stock Issued ​ Stock ​ Outstanding Common stock outstanding at December 31, 2021 125,424 57,358 68,066 Shares issued for stock-based compensation awards — (525) 525 Repurchases of common stock — 9,342 (9,342) Common stock outstanding at December 31, 2022 125,424 66,175 59,249 Shares issued for stock-based compensation awards — (653) 653 Repurchases of common stock — 6,091 (6,091) Retirement of treasury stock ​ (67,733) ​ (67,733) ​ — Common stock outstanding at December 31, 2023 57,691 3,880 53,811 Shares issued for stock-based compensation awards 375 (75) 450 Repurchases of common stock — 2,089 (2,089) Retirement of treasury stock ​ (2,474) ​ (2,474) ​ — Common stock outstanding at December 31, 2024 55,592 3,420 52,172
Schedule of company's share-repurchase program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate ​ ​ ​ ​ ​ ​ Dollar Value of ​ ​ Dollar Value ​ Dollar Value of ​ Shares that May ​ ​ Approved for ​ Shares ​ Yet be Purchased Share-Repurchase Details by Month of Board Approval (thousands) ​ Repurchase ​ Repurchased ​ Under the Program September 2022 ​ $ 600,000 ​ $ 600,000 ​ $ — January 2023 ​ ​ 1,000,000 ​ ​ 675,937 ​ ​ 324,063 Total ​ $ 1,600,000 ​ $ 1,275,937 ​ $ 324,063

Net Income Per Share (Tables)

Net Income Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Net Income Per Share
Schedule of computation of net income per share on a basic and diluted basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands except per share data) 2024 2023 2022 Net income attributable to shareholders ​ $ 392,074 ​ $ 903,505 ​ $ 1,426,884 Weighted-average shares outstanding - basic ​ 53,282 ​ 56,359 ​ 64,838 Net effect of various dilutive stock-based compensation awards ​ 515 ​ 676 ​ 615 Weighted-average shares outstanding - diluted ​ 53,797 ​ 57,035 ​ 65,453 Net income per share: ​ ​ ​ Basic ​ $ 7.36 ​ $ 16.03 ​ $ 22.01 Diluted (a) ​ $ 7.29 ​ $ 15.84 ​ $ 21.80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Equity awards excluded from diluted net income per share as their effect would have been anti-dilutive ​ ​ 16 ​ ​ 32 ​ ​ 53 ​

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Employee Stock Plans
Schedule of information relates to the stock option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ Aggregate ​ ​ ​ ​ Average ​ Remaining ​ Intrinsic ​ ​ ​ ​ Exercise ​ Contractual ​ Value ​ ​ Shares ​ Price ​ Life ​ (thousands) Outstanding at December 31, 2023 322,252 ​ $ 76.73 ​ Exercised (71,187) ​ 76.63 ​ Forfeited (1,520) ​ 79.22 ​ Outstanding at December 31, 2024 249,545 ​ 76.75 42 months ​ $ 9,076 Exercisable at December 31, 2024 249,090 ​ $ 76.74 42 months ​ $ 9,061
Schedule of information summarizes the changes in non-vested performance shares, performance units, restricted stock, and restricted stock units	​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ Average Grant ​ ​ Shares ​ Date Fair Value Non-vested shares at December 31, 2023 820,220 ​ $ 117.84 Granted 401,602 ​ 115.73 Vested (337,945) ​ 109.77 Forfeited (43,178) ​ 122.68 Non-vested shares at December 31, 2024 840,699 ​ $ 119.83

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Employee Benefit Plans
Schedule of pension information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Arrow SERP (thousands) 2024 2023 Accumulated benefit obligation ​ $ 74,530 ​ $ 77,737 ​ Changes in projected benefit obligation: ​ ​ ​ Projected benefit obligation at beginning of year ​ 88,084 ​ 84,148 ​ Service cost ​ 3,193 ​ 3,250 ​ Interest cost ​ 4,081 ​ 4,082 ​ Actuarial (gain) loss ​ (6,602) ​ 1,328 ​ Benefits paid ​ (5,724) ​ (4,724) ​ Projected benefit obligation at end of year ​ 83,032 ​ 88,084 ​ Funded status ​ $ (83,032) ​ $ (88,084) ​ Amounts recognized in the company's consolidated balance sheets: ​ ​ ​ Current liabilities ​ $ (6,168) ​ $ (6,186) ​ Noncurrent liabilities ​ (76,864) ​ (81,898) ​ Net liability at end of year ​ $ (83,032) ​ $ (88,084) ​ Components of net periodic pension cost: ​ ​ ​ Service cost ​ $ 3,193 ​ $ 3,250 ​ Interest cost ​ 4,081 ​ 4,082 ​ Amortization of prior service cost ​ ​ 337 ​ ​ 336 ​ Amortization of net loss ​ (164) ​ (668) ​ Net periodic pension cost ​ $ 7,447 ​ $ 7,000 ​ Weighted-average assumptions used to determine benefit obligation: ​ ​ ​ Discount rate ​ 5.50 % 4.80 % Rate of compensation increase ​ 5.00 % 5.00 % Expected return on plan assets ​ N/A ​ N/A ​ Weighted-average assumptions used to determine net periodic pension cost: ​ ​ ​ Discount rate ​ 4.80 % 5.00 % Rate of compensation increase ​ 5.00 % 5.00 % Expected return on plan assets ​ N/A ​ N/A ​
Schedule of expected benefit payments	​ ​ ​ ​ ​ (thousands) Arrow SERP 2025 ​ $ 6,168 2026 ​ 6,318 2027 ​ 6,183 2028 ​ 6,201 2029 ​ 6,792 2030 - 2034 ​ 36,382
Schedule of other comprehensive income items	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 ​ 2023 ​ 2022 Actuarial (loss) gains, net of tax ​ $ 5,027 ​ $ (1,011) ​ $ 19,548 Reclassification of actuarial loss (gain), net of tax (a) ​ (125) ​ ​ (508) ​ ​ 590 Prior service (costs), net of tax ​ ​ — ​ ​ — ​ ​ (2,304) Reclassification of prior service costs, net of tax ​ ​ 256 ​ ​ 256 ​ ​ —

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2024
Lease Commitments
Schedule of supplemental balance sheet information related to leases	The following amounts were recorded in the consolidated balance sheets at December 31: ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Operating Leases ​ ​ Right-of-use asset ​ $ 251,129 ​ $ 269,524 ​ ​ ​ ​ ​ ​ ​ Lease liability - current ​ $ 68,941 ​ $ 74,232 Lease liability - non-current ​ 198,466 ​ 210,110 Total operating lease liabilities ​ $ 267,407 ​ $ 284,342
Schedule of maturities of operating lease liabilities	Maturities of operating lease liabilities at December 31 were as follows: ​ ​ ​ ​ ​ (thousands) 2024 2025 ​ $ 77,607 2026 ​ 63,279 2027 ​ 53,911 2028 ​ 43,888 2029 ​ 23,085 Thereafter ​ 39,252 Total lease payments ​ 301,022 Less: imputed interest ​ (33,615) Total ​ $ 267,407
Schedule of supplemental cash flow and operating lease information	Other information pertaining to leases consists of the following for the year ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Supplemental Cash Flow Information ​ ​ ​ Cash paid for amounts included in the measurement of operating lease liabilities ​ $ 94,829 ​ $ 91,797 ​ Right-of-use assets obtained in exchange for operating lease obligations ​ 62,583 ​ 74,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Lease Term and Discount Rate ​ ​ ​ Weighted-average remaining lease term in years ​ 5 years ​ 5 years ​ Weighted-average discount rate ​ 5.4% ​ 4.6% ​ ​

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment and Geographic Information
Schedule of reportable segment	Sales, by reportable segment by geographic area, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Sales: ​ ​ ​ Components: ​ ​ ​ Americas ​ $ 6,411,701 ​ $ 7,954,713 ​ $ 9,592,547 EMEA ​ 5,648,107 ​ 8,074,894 ​ ​ 7,627,974 Asia/Pacific ​ 7,923,459 ​ 9,390,292 ​ ​ 11,567,482 Global components ​ $ 19,983,267 ​ $ 25,419,899 ​ $ 28,788,003 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ECS: ​ ​ ​ ​ Americas ​ $ 4,067,160 ​ $ 4,160,298 ​ $ 4,847,027 EMEA ​ 3,872,897 ​ 3,526,923 ​ ​ 3,489,392 Global ECS ​ $ 7,940,057 ​ $ 7,687,221 ​ $ 8,336,419 Consolidated ​ $ 27,923,324 ​ $ 33,107,120 ​ $ 37,124,422 ​ Sales by country are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 2022 Sales: ​ ​ ​ China and Hong Kong ​ $ 4,033,744 ​ $ 4,858,871 ​ $ 6,339,883 Germany ​ 3,007,517 ​ 4,341,837 ​ 4,715,806 Other ​ 11,114,613 ​ 12,737,852 ​ 12,901,063 Total foreign ​ $ 18,155,874 ​ $ 21,938,560 ​ $ 23,956,752 United States ​ 9,767,450 ​ 11,168,560 ​ 13,167,670 Total ​ $ 27,923,324 ​ $ 33,107,120 ​ $ 37,124,422
Schedule of results of operations by reportable segment	Results of operations by reportable segment are as follows for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ (thousands) ​ Global Components ​ Global ECS ​ Corporate ​ Consolidated ​ Sales ​ $ 19,983,267 ​ $ 7,940,057 ​ $ - ​ $ 27,923,324 ​ Cost of sales ​ ​ 17,650,909 ​ ​ 6,980,007 ​ ​ - ​ ​ 24,630,916 ​ Gross profit ​ ​ 2,332,358 ​ ​ 960,050 ​ ​ - ​ ​ 3,292,408 ​ Gross profit margin ​ ​ 11.7 % ​ 12.1 % ​ - ​ ​ 11.8 % Operating expenses (a) ​ ​ 1,591,085 ​ ​ 549,975 ​ ​ 382,791 ​ ​ 2,523,851 ​ Operating income (loss) (b) (c) (d) ​ $ 741,273 ​ $ 410,075 ​ $ (382,791) ​ $ 768,557 ​ Operating income margin ​ ​ 3.7 % ​ 5.2 % ​ - ​ ​ 2.8 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ (thousands) ​ Global Components ​ Global ECS ​ Corporate ​ Consolidated ​ Sales ​ $ 25,419,899 ​ $ 7,687,221 ​ $ - ​ $ 33,107,120 ​ Cost of sales ​ ​ 22,220,779 ​ ​ 6,737,323 ​ ​ - ​ ​ 28,958,102 ​ Gross profit ​ ​ 3,199,120 ​ ​ 949,898 ​ ​ - ​ ​ 4,149,018 ​ Gross profit margin ​ ​ 12.6 % ​ 12.4 % ​ - ​ ​ 12.5 % Operating expenses (a) ​ ​ 1,739,954 ​ ​ 582,894 ​ ​ 355,006 ​ ​ 2,677,854 ​ Operating income (loss) (b) (c) (d) ​ $ 1,459,166 ​ $ 367,004 ​ $ (355,006) ​ $ 1,471,164 ​ Operating income margin ​ ​ 5.7 % ​ 4.8 % ​ - ​ ​ 4.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ (thousands) ​ Global Components ​ Global ECS ​ Corporate ​ Consolidated ​ Sales ​ $ 28,788,003 ​ $ 8,336,419 ​ $ - ​ $ 37,124,422 ​ Cost of sales ​ ​ 24,883,076 ​ ​ 7,404,721 ​ ​ - ​ ​ 32,287,797 ​ Gross profit ​ ​ 3,904,927 ​ ​ 931,698 ​ ​ - ​ ​ 4,836,625 ​ Gross profit margin ​ ​ 13.6 % ​ 11.2 % ​ - ​ ​ 13.0 % Operating expenses (a) ​ ​ 1,943,802 ​ ​ 523,179 ​ ​ 301,150 ​ ​ 2,768,131 ​ Operating income (loss) (d) ​ $ 1,961,125 ​ $ 408,519 ​ $ (301,150) ​ $ 2,068,494 ​ Operating income margin ​ ​ 6.8 % ​ 4.9 % ​ - ​ ​ 5.6 % ​ (a) Segment operating expenses include employee related expenses, depreciation and amortization, allowance for credit losses, and other segment expenses. (b) Global components operating income includes charges of $60.6 million in inventory write downs related to the wind down of businesses in 2024. Global components operating income includes $62.2 million in settlement benefits recorded as a reduction to operating expense for 2023. Refer to Note 15. (c) In 2023, global ECS operating income includes charges of $25.4 million to increase the allowance for credit losses related to one customer. During 2024, global ECS operating income includes a reversal of charges of $20.0 million for aged receivables that were collected, related to the same customer. (d) Corporate operating loss for the years 2024, 2023, and 2022 includes restructuring, integration, and other charges of $142.9 million, $83.9 million, and $13.7 million, respectively. Refer to Note 9.
Schedule of reconciliation of assets from segment to consolidated	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Total assets: ​ ​ Global components ​ $ 14,765,931 ​ $ 15,129,190 Global ECS ​ 6,518,723 ​ 6,051,459 Corporate ​ 473,053 ​ 545,519 Consolidated ​ $ 21,757,707 ​ $ 21,726,168
Schedule of long-lived assets by geographical areas	​ ​ ​ ​ ​ ​ ​ ​ (thousands) 2024 2023 Long-lived assets: ​ ​ Netherlands ​ $ 78,120 ​ $ 89,199 France ​ ​ 86,268 ​ ​ 87,861 Other ​ 223,903 ​ 258,264 Total foreign ​ $ 388,291 ​ $ 435,324 United States ​ 332,098 ​ 364,940 Total ​ $ 720,389 ​ $ 800,264 ​

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Property Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Software Development Costs	$ 195	$ 242.4
Building | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment	20 years
Building | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment	30 years
Machinery and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment	3 years
Machinery and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment	10 years
Computer Software, Intangible Asset | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment	3 years
Computer Software, Intangible Asset | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment	12 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill	$ 2,055,295	$ 2,050,426	$ 2,027,626
Global Components
Goodwill	902,445	875,194	873,003
Global ECS
Goodwill	1,152,850	$ 1,175,232	$ 1,154,623
Americas | Global Components
Goodwill	563,135
Americas | Global ECS
Goodwill	776,765
EMEA | Global Components
Goodwill	115,651
EMEA | Global ECS
Goodwill	376,085
eInfochips | Global Components
Goodwill	$ 223,659

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets
Gain on investments, net	$ (4,830)	$ 19,284	$ (2,857)
Goodwill	$ 2,055,295	2,050,426	2,027,626
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	38%
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount, Sensitivity Analysis	24%
Number of reportable segments | segment	2
Global Components
Goodwill and Intangible Assets
Goodwill	$ 902,445	875,194	873,003
Global ECS
Goodwill and Intangible Assets
Goodwill	$ 1,152,850	$ 1,175,232	$ 1,154,623
Revenue Benchmark | Customer Concentration Risk | Customer Concentration
Goodwill and Intangible Assets
Concentration Risk, Percentage	2%
Revenue Benchmark | Other Supplier Concentration Risk | Supplier 1
Goodwill and Intangible Assets
Concentration Risk, Percentage	8%
Americas | Global Components
Goodwill and Intangible Assets
Goodwill	$ 563,135
Americas | Global ECS
Goodwill and Intangible Assets
Goodwill	776,765
EMEA | Global Components
Goodwill and Intangible Assets
Goodwill	115,651
EMEA | Global ECS
Goodwill and Intangible Assets
Goodwill	376,085
eInfochips | Global Components
Goodwill and Intangible Assets
Goodwill	$ 223,659

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, Beginning balance	$ 2,050,426	$ 2,027,626
Acquisitions	35,870
Foreign currency translation adjustment	(31,001)	22,800
Goodwill, Ending balance	2,055,295	2,050,426
Accumulated impairment charges	1,600,000	1,600,000	$ 1,600,000
Global Components
Goodwill [Roll Forward]
Goodwill, Beginning balance	875,194	873,003
Acquisitions	35,870
Foreign currency translation adjustment	(8,619)	2,191
Goodwill, Ending balance	902,445	875,194
Accumulated impairment charges	1,300,000	1,300,000	1,300,000
Global ECS
Goodwill [Roll Forward]
Goodwill, Beginning balance	1,175,232	1,154,623
Foreign currency translation adjustment	(22,382)	20,609
Goodwill, Ending balance	1,152,850	1,175,232
Accumulated impairment charges	$ 301,900	$ 301,900	$ 301,900

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets
Gross Carrying Amount	$ 289,367	$ 332,148
Accumulated Amortization	(192,661)	(204,708)
Net	96,706	127,440
Amortization expense, intangible assets	29,500	31,200	$ 34,700
Future Amortization Expense, Year One	20,200
Future Amortization Expense, Year Two	19,500
Future Amortization Expense, Year Three	18,900
Future Amortization Expense, Year Four	11,200
Future Amortization Expense, Year Five	7,300
Customer relationships
Goodwill and Intangible Assets
Gross Carrying Amount	215,366	258,337
Accumulated Amortization	(133,927)	(156,141)
Net	81,439	102,196
Amortizable trade name
Goodwill and Intangible Assets
Gross Carrying Amount	74,001	73,811
Accumulated Amortization	(58,734)	(48,567)
Net	$ 15,267	$ 25,244

Investments in Affiliated Com_3

Investments in Affiliated Companies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments in Affiliated Companies
Investments in affiliated companies	$ 57,299	$ 62,741
Equity in earnings of affiliated companies	1,368	6,407	$ 7,664
Equity method investment, pro rata share of debt obligations of joint venture	$ 0	0
Marubun/Arrow
Investments in Affiliated Companies
Equity method investment, ownership percentage	50%
Investments in affiliated companies	$ 43,851	50,779
Equity in earnings of affiliated companies	$ (463)	4,452	6,289
Other joint venture
Investments in Affiliated Companies
Equity method investment, ownership percentage	50%
Investments in affiliated companies	$ 13,448	11,962
Equity in earnings of affiliated companies	$ 1,831	$ 1,955	$ 1,375

Accounts Receivable (Details)

Accounts Receivable (Details) $ in Thousands, € in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 EUR (€)
Accounts Receivable
Accounts receivable	$ 13,147,436	$ 12,384,553
Allowance for credit losses	(116,445)	(146,480)
Accounts receivable, net	13,030,991	12,238,073
Allowance for credit losses
Balance at beginning of period	146,480	93,397	$ 75,901
Charged to income	751	71,984	34,590
Translation Adjustments	(2,411)	690	(1,476)
Write-offs	(28,375)	(19,591)	(15,618)
Balance at end of period	116,445	146,480	93,397
EMEA Asset Securitization
Agreement amount with purchaser to transfer financial assets accounted for as sales | €				€ 600
EMEA asset securitization, sales of accounts receivables	1,892,516	3,160,247	2,524,276
Receivables sold to unaffiliated financial institutions that were uncollected	339,669	529,266
Factoring
Sales of accounts receivables under the factoring programs	928,279	1,618,726	$ 1,612,909
Receivables sold under the factoring programs that were uncollected	182,432	375,940
Variable interest entity, primary beneficiary | Asset pledged as collateral
EMEA Asset Securitization
Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.	528,975	805,788
Global ECS
Allowance for credit losses
Charged to income		$ 25,400
Reversal of allowance	$ 20,000

Supplier Finance Programs (Deta

Supplier Finance Programs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Supplier Finance Programs
Obligations outstanding at the beginning of the year	$ 1,113,479	$ 1,568,787
Invoices added during the year	4,576,839	4,388,317
Invoices paid during the year	(4,420,646)	(4,843,625)
Obligations outstanding at the end of the year	$ 1,269,672	$ 1,113,479
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current	Accounts Payable, Current

Debt - ST Debt (Details)

Debt - ST Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 28, 2024	Dec. 31, 2023
Debt
Other short-term borrowings	$ 170		$ 32,848
Short-term borrowings, including current portion of long-term debt	349,978		1,653,954
3.25% notes, due September 2024
Debt
Short-term borrowings, including current portion of long-term debt	0		$ 499,224
Debt instrument, face amount		$ 500,000
Debt instrument, interest rate, stated percentage		3.25%	3.25%
4.00% notes, due April 2025
Debt
Short-term borrowings, including current portion of long-term debt	$ 349,808		$ 0
Debt instrument, interest rate, stated percentage	4%		4%
Lines of credit
Debt
Lines of credit facility, maximum borrowing capacity	$ 500,000
Short-term debt, weighted-average interest rate, at point in time	5.18%		5.83%
Line of credit, current	$ 0		$ 0
Commercial paper
Debt
Lines of credit facility, maximum borrowing capacity	1,200,000
Short-term borrowings, including current portion of long-term debt	0		1,121,882
Commercial paper	$ 0		$ 1,100,000
Short-term debt, weighted-average interest rate, at point in time	5.21%		5.90%

Debt - LT Debt (Details)

Debt - LT Debt (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt
Long-term debt			$ 2,773,783	$ 2,153,553
Accounts receivable, net			13,030,991	12,238,073
Long-term debt (including current portion), Maturity
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months			350,100
Long-term Debt, Maturities, Repayments of Principal in Year Two			39,800
Long-term Debt, Maturities, Repayments of Principal in Year Three			747,300
Long-term Debt, Maturities, Repayments of Principal in Year Four			503,400
Long-term Debt, Maturities, Repayments of Principal in Year Five			500,000
Long-term Debt, Maturities, Repayments of Principal after Year Five			1,000,000
Investment income, interest and dividend			54,500	66,400	$ 33,700
Interest paid, net of interest and dividend income			199,000	274,100	$ 175,600
Revolving Credit Facility
Debt
Maximum borrowing capacity			2,000,000
Long-term debt			$ 30,000	0
Debt instrument, interest rate, effective percentage			5.48%
Facility fee			0.175%
Debt instrument, basis spread on variable rate			0.10%
Long-term debt (including current portion), Maturity
Derivative, basis spread on variable rate			1.08%
North American asset securitization program
Debt
Maximum borrowing capacity			$ 1,500,000
Long-term debt			$ 633,000	198,000
Debt instrument, interest rate, effective percentage			4.83%
Facility fee			0.40%
Debt instrument, basis spread on variable rate			0.10%
Accounts receivable, net			$ 3,000,000	2,700,000
Long-term debt (including current portion), Maturity
Derivative, basis spread on variable rate			0.40%
4.00% notes, due 2025
Debt
Long-term debt			$ 0	349,061
Debt instrument, fair value			$ 0	$ 343,500
Debt instrument, interest rate, stated percentage			4%	4%
6.125% notes, due 2026
Debt
Long-term debt			$ 0	$ 497,661
Debt instrument, fair value			0	$ 502,000
Debt instrument, face amount		$ 500,000
Debt instrument, interest rate, stated percentage		6.125%		6.125%
7.50% senior debentures, due 2027
Debt
Long-term debt			110,266	$ 110,184
Debt instrument, fair value			$ 115,000	$ 117,000
Debt instrument, interest rate, stated percentage			7.50%	7.50%
3.875% notes, due 2028
Debt
Long-term debt			$ 497,775	$ 497,098
Debt instrument, fair value			$ 481,500	$ 475,000
Debt instrument, interest rate, stated percentage			3.875%	3.875%
5.15% notes, due in 2029
Debt
Long-term debt			$ 495,209	$ 0
Debt instrument, fair value			$ 498,000	0
Debt instrument, face amount	$ 500,000
Debt instrument, interest rate, stated percentage	5.15%		5.15%
Proceeds from offering	$ 494,900
2.95% notes, due 2032
Debt
Long-term debt			$ 495,576	495,039
Debt instrument, fair value			$ 426,000	$ 425,000
Debt instrument, interest rate, stated percentage			2.95%	2.95%
5.875% notes, due 2034
Debt
Long-term debt			$ 494,986	$ 0
Debt instrument, fair value			$ 502,500	0
Debt instrument, face amount		$ 500,000
Debt instrument, interest rate, stated percentage		5.875%	5.875%
Proceeds from offering		$ 494,700
Other obligations with various interest rates and due dates
Debt
Long-term debt			$ 16,971	$ 6,510

Financial Instruments Measure_3

Financial Instruments Measured at Fair Value (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Apr. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financial Instruments Measured at Fair Value
Debt and equity securities, unrealized gain (loss)			$ (12,000)	$ 9,700	$ (5,800)
Proceeds from hedge financing activities		$ 56,700
Marubun
Financial Instruments Measured at Fair Value
Equity method investment, ownership percentage			9%
Fair value, measurements, recurring
Financial Instruments Measured at Fair Value
Cash equivalents			$ 10,751	8,729
Equity investments			42,907	57,625
Interest rate swap designated as fair value hedge				(454)
Foreign exchange contracts designated as net investment hedges			53,679	47,245
Total fair value assets and liabilities measured on recurring basis			107,337	113,145
Fair value, measurements, recurring | Fair value, inputs, level 1
Financial Instruments Measured at Fair Value
Cash equivalents			10,751	8,729
Equity investments			42,907	57,625
Interest rate swap designated as fair value hedge				0
Foreign exchange contracts designated as net investment hedges			0	0
Total fair value assets and liabilities measured on recurring basis			53,658	66,354
Fair value, measurements, recurring | Fair value, inputs, level 2
Financial Instruments Measured at Fair Value
Cash equivalents			0	0
Equity investments			0	0
Interest rate swap designated as fair value hedge				(454)
Foreign exchange contracts designated as net investment hedges			53,679	47,245
Total fair value assets and liabilities measured on recurring basis			53,679	46,791
Fair value, measurements, recurring | Fair value, inputs, level 3
Financial Instruments Measured at Fair Value
Cash equivalents			0	0
Equity investments			0	0
Interest rate swap designated as fair value hedge				0
Foreign exchange contracts designated as net investment hedges			0	0
Total fair value assets and liabilities measured on recurring basis			$ 0	$ 0
Interest rate swap
Financial Instruments Measured at Fair Value
Gain loss on sale of derivatives	$ 56,700
Duration of bond (years)	10 years

Financial Instruments Measure_4

Financial Instruments Measured at Fair Value - Derivatives (Details) € in Thousands	3 Months Ended		12 Months Ended
	Sep. 28, 2024 USD ($)	Apr. 01, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 EUR (€)	Dec. 31, 2023 EUR (€)
Financial Instruments Measured at Fair Value
Derivative Instruments, Gain (Loss) Recognized in Income			$ 7,794,000	$ 4,117,000	$ 5,219,000
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Interest Income (Expense), Net	Interest Income (Expense), Net	Interest Income (Expense), Net
Derivative Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax			$ 12,311,000	$ (1,691,000)	$ 41,411,000
Proceeds from settlement of net investment hedge	$ 10,600,000	$ 10,700,000	10,635,000	10,725,000	0
Derivative, Notional Amount			1,100,000,000	1,000,000,000
Other comprehensive income (loss), derivative, excluded component, increase (decrease), before adjustments, after tax			(4,000,000)	(1,800,000)	1,800,000
Change in unrealized gain (loss) on hedged item in fair value hedge			(400,000)	(5,800)
Foreign exchange forward
Financial Instruments Measured at Fair Value
Derivative, Notional Amount			200,000,000	250,000,000
Net investment hedging | Designated as hedging instrument
Financial Instruments Measured at Fair Value
Derivative Instruments, Gain (Loss) Recognized in Income			6,747,000	7,460,000	8,805,000
Derivative Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax			12,996,000	(2,276,000)	15,474,000
Cash flow hedging | Designated as hedging instrument | Interest rate swap
Financial Instruments Measured at Fair Value
Derivative Instruments, Gain (Loss) Recognized in Income			593,000	(2,889,000)	(3,586,000)
Derivative Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax			(685,000)	$ 585,000	25,937,000
Fair value hedging | Interest rate swap
Financial Instruments Measured at Fair Value
Derivative, variable interest rate				0.508%			0.508%
Derivative, average fixed interest rate				6.125%			6.125%
Derivative, Notional Amount				$ 500,000,000
Fair value hedging | Designated as hedging instrument | Interest rate swap
Financial Instruments Measured at Fair Value
Derivative Instruments, Gain (Loss) Recognized in Income			$ 454,000	$ (454,000)	$ 0
Maturity September 2024 | Foreign exchange forward
Financial Instruments Measured at Fair Value
Derivative, Notional Amount | €						€ 0	€ 50,000
Maturity April 2025 | Foreign exchange forward
Financial Instruments Measured at Fair Value
Derivative, Notional Amount | €						100,000	100,000
Maturity January 2028 | Foreign exchange forward
Financial Instruments Measured at Fair Value
Derivative, Notional Amount | €						€ 100,000	€ 100,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate	21%	21%	21%
U.S. tax on foreign earnings	$ (6,801)	$ 10,075	$ (3,879)
Taxes payable for the transition tax on foreign unremitted earnings	6,900
Unrecognized tax benefits	63,953	82,808	75,666	$ 71,422
Unrecognized tax benefits, interest on income taxes expense	5,900	4,000	4,400
Unrecognized tax benefits, income tax penalties and interest accrued	23,500	17,500
Deferred tax assets, in process research and development	73,971	59,277
Tax credit carryforward, deferred tax asset	16,567	17,987
Undistributed earnings of foreign subsidiaries	5,400,000
Valuation allowance	100
Income taxes paid, net	230,500	538,400	384,400
International
Income Tax Contingency [Line Items]
Tax credit carryforward, amount	30,300
Tax credit carryforward, subject to expiration	7,000
Tax credit carryforward, no expiration	23,300
Tax credit carryforward, deferred tax asset	7,800
Other tax carryforward, valuation allowance	2,600
U.S. Federal
Income Tax Contingency [Line Items]
Tax credit carryforward, deferred tax asset	8,700
Other tax carryforward, valuation allowance	6,400
Undistributed Earnings
Income Tax Contingency [Line Items]
Undistributed foreign earnings	2,000,000
Tax Benefit Related To Federal GILTI Tax
Income Tax Contingency [Line Items]
U.S. tax on foreign earnings			$ 7,400
Tax Expense Related To Federal GILTI Tax
Income Tax Contingency [Line Items]
U.S. tax on foreign earnings	$ (4,700)	$ (23,000)

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Current Federal Tax Expense (Benefit)	$ (8,586)	$ 33,832	$ 139,730
Current State and Local Tax Expense (Benefit)	3,352	16,108	29,117
Current International Tax Expense (Benefit)	200,912	299,031	293,195
Current Income Tax Expense (Benefit)	195,678	348,971	462,042
Deferred Federal Income Tax Expense (Benefit)	(50,305)	(59,342)	(39,658)
Deferred State and Local Income Tax Expense (Benefit)	(8,348)	(11,960)	(5,613)
Deferred International Income Tax Expense (Benefit)	(41,213)	(22,678)	32,221
Deferred Income Tax Expense (Benefit)	(99,866)	(93,980)	(13,050)
Provision for income taxes	$ 95,812	$ 254,991	$ 448,992

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
United States	$ (234,972)	$ (38,848)	$ 517,642
International	724,291	1,203,202	1,366,508
Income before income taxes	489,319	1,164,354	1,884,150
Provision at statutory tax rate	102,757	244,514	395,672
State taxes, net of federal benefit	(3,279)	2,379	18,675
International effective tax rate differential	8,958	27,993	26,210
Change in valuation allowance	333	(7,755)	(6,378)
Other non-deductible expenses	(585)	2,993	7,441
Changes in tax accruals	(9,419)	1,153	5,993
Tax credits	(10,786)	(7,666)	980
U.S. tax (benefit) on foreign earnings	6,801	(10,075)	3,879
Other	1,032	1,455	(3,480)
Provision for income taxes	$ 95,812	$ 254,991	$ 448,992

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits Reconciliation
Balance at beginning of year	$ 82,808	$ 75,666	$ 71,422
Additions based on tax positions taken during a prior period	4,537	7,466	6,760
Reductions based on tax positions taken during a prior period	(20,245)	(4,448)	(3,007)
Additions based on tax positions taken during the current period	7,943	5,505	3,526
Reductions related to settlement of tax matters	(11,090)	0	(2,271)
Reductions related to a lapse of applicable statute of limitations	0	(1,381)	(764)
Balance at end of year	$ 63,953	$ 82,808	$ 75,666

Income Taxes - Summary of Open

Income Taxes - Summary of Open Tax Positions (Details) - Minimum	12 Months Ended
	Dec. 31, 2024
United States Federal
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2016
United States State
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2015
Germany
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2020
China and Hong Kong
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2017
Italy
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2013
Netherlands
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2018
Sweden
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2019
Taiwan
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2018
United Kingdom
Income Tax Contingency [Line Items]
Open Tax Years by Major Tax Jurisdiction	2020

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 16,567	$ 17,987
Inventory adjustments	110,370	68,542
Allowance for credit losses	20,475	27,637
Accrued expenses	86,964	73,251
Interest carryforward	21,923	4,170
Stock-based compensation awards	5,490	5,692
Lease liability	65,718	68,605
Research and experimentation costs	73,971	59,277
Other	992	3,332
Deferred tax assets, gross	402,470	328,493
Valuation allowance	(16,165)	(15,832)
Total deferred tax assets	386,305	312,661
Deferred tax liabilities:
Goodwill	(157,786)	(152,551)
Depreciation	(42,540)	(58,419)
Lease right-of-use assets	(61,685)	(64,937)
Other comprehensive income items	(15,615)	(13,204)
Total deferred tax liabilities	(277,626)	(289,111)
Total net deferred tax assets	108,679	$ 23,550
International
Deferred tax assets:
Net operating loss carryforwards	7,800
U.S. Federal
Deferred tax assets:
Net operating loss carryforwards	$ 8,700

Restructuring, Integration, a_3

Restructuring, Integration, and Other - Components of the Restructuring, Integration, and Other (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring, Integration, and Other
Restructuring, integration and other	$ 142,917	$ 83,916	$ 13,741
Operating expense reduction costs not related to restructuring initiatives	84,510	19,077	(370)
Increases to environmental remediation liabilities	756	23,336	2,544
Early lease termination costs	6,814	29,400	3,162
Consulting costs	25,306
Other charges	11,404	3,226	1,411
Accrued liabilities related to operating expense reduction initiatives	6,600
Operating Expense Efficiency Plan costs
Restructuring, Integration, and Other
Restructuring, integration and other	10,279	0	0
Accrued liabilities related to operating expense reduction initiatives	586	0	0
Other plans
Restructuring, Integration, and Other
Restructuring, integration and other	$ 3,848	$ 8,877	$ 6,994

Restructuring, Integration, a_4

Restructuring, Integration, and Other - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2026
Restructuring, Integration, and Other
Number of years for the accrual to be spent	1 year
Operating Expense Efficiency Plan costs
Restructuring, Integration, and Other
Number of years for the accrual to be spent	1 year
Expected pre-tax restructuring charges	$ 0
Operating Expense Efficiency Plan costs | Forecast
Restructuring, Integration, and Other
Expected pre-tax restructuring charges		$ 185
Operating Expense Efficiency Plan costs | Employee severance and other personal cash expenditures
Restructuring, Integration, and Other
Expected pre-tax restructuring charges	0
Operating Expense Efficiency Plan costs | Employee severance and other personal cash expenditures | Forecast
Restructuring, Integration, and Other
Expected pre-tax restructuring charges		110
Operating Expense Efficiency Plan costs | Asset impairments, accelerated depreciation and inventory write-downs
Restructuring, Integration, and Other
Expected pre-tax restructuring charges	0
Operating Expense Efficiency Plan costs | Asset impairments, accelerated depreciation and inventory write-downs | Forecast
Restructuring, Integration, and Other
Expected pre-tax restructuring charges		50
Operating Expense Efficiency Plan costs | Other related cash expenditures
Restructuring, Integration, and Other
Expected pre-tax restructuring charges	$ 0
Operating Expense Efficiency Plan costs | Other related cash expenditures | Forecast
Restructuring, Integration, and Other
Expected pre-tax restructuring charges		$ 25

Restructuring, Integration, a_5

Restructuring, Integration, and Other - Costs related to the Operating Expense Efficiency Plan (Details) - Operating Expense Efficiency Plan costs - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring, Integration, and Other
Restructuring related charges	$ 60,623	$ 0	$ 0
Total Cost Incurred to Date	60,623	0	0
Employee severance and benefit costs
Restructuring, Integration, and Other
Restructuring related charges	1,348	0	0
Employee severance and benefit costs | Restructuring, integration, and other
Restructuring, Integration, and Other
Restructuring related charges	1,348	0	0
Total Cost Incurred to Date	1,348	0	0
Inventory write-downs | Cost of sales
Restructuring, Integration, and Other
Restructuring related charges	50,344	0	0
Total Cost Incurred to Date	50,344	0	0
Asset impairments | Restructuring, integration, and other
Restructuring, Integration, and Other
Restructuring related charges	1,416	0	0
Total Cost Incurred to Date	1,416	0	0
Other costs
Restructuring, Integration, and Other
Restructuring related charges	7,515	0	0
Other costs | Restructuring, integration, and other
Restructuring, Integration, and Other
Restructuring related charges	7,515	0	0
Total Cost Incurred to Date	$ 7,515	$ 0	$ 0

Restructuring, Integration, a_6

Restructuring, Integration, and Other - Activity in the Restructuring and Integration Accruals (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Ending balance	$ 6,600
Operating Expense Efficiency Plan costs
Restructuring Reserve [Roll Forward]
Beginning balance	0	$ 0
Restructuring related charges	60,623	0	$ 0
Asset write-offs and other non-cash activity	(51,937)
Cash payments	(8,100)
Ending balance	586	0	0
Operating Expense Efficiency Plan costs | Employee severance and benefit costs
Restructuring Reserve [Roll Forward]
Restructuring related charges	1,348	0	0
Cash payments	(964)
Ending balance	384
Operating Expense Efficiency Plan costs | Inventory write-downs and asset impairments
Restructuring Reserve [Roll Forward]
Restructuring related charges	51,760
Asset write-offs and other non-cash activity	(51,760)
Operating Expense Efficiency Plan costs | Other costs
Restructuring Reserve [Roll Forward]
Restructuring related charges	7,515	$ 0	$ 0
Asset write-offs and other non-cash activity	(177)
Cash payments	(7,136)
Ending balance	$ 202

Shareholders' Equity - Componen

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated other comprehensive loss	$ (509,269)	$ (298,039)	$ (365,262)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(571,848)	(349,042)	(422,711)
Foreign Currency Translation Adjustment and Other	(225,564)	74,800	(231,464)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(211,230)	67,223
Foreign Currency Translation Adjustment and Other, Net	(222,806)	73,669
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net	7,859	(7,952)	8,779
Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges, Net	(1,137)	2,783	28,664
Employee Benefit Plan Items, Net	(4,854)	1,277	(18,724)
Other comprehensive income (loss) before reclassifications
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Foreign Currency Translation Adjustment and Other	(222,489)	72,949
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(205,151)	70,247
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net	12,996	(2,276)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	5,027	(1,011)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(685)	585
Gain (Loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated other comprehensive loss	20,018	12,159	20,111
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net	7,859	(7,952)
Gain Loss On Interest Rate Swaps Designated As Cash Flow Hedges, Net
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated other comprehensive loss	29,501	30,638	27,855
Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges, Net	(1,137)	2,783
Amounts reclassified into income
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Foreign Currency Translation Adjustment and Other	(317)	720
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(6,079)	(3,024)
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net	(5,137)	(5,676)
Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges, Net	(452)
Employee Benefit Plan Items, Net	(173)	(266)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		2,198
Employee Benefit Plan Items, Net
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated other comprehensive loss	13,060	8,206	$ 9,483
Employee Benefit Plan Items, Net	4,854	(1,277)
Intra-entity foreign currency transactions | Other comprehensive income (loss) before reclassifications
Components of Accumulated Other Comprehensive (Loss) Income [Line Items]
Foreign Currency Translation Adjustment and Other	$ (52,900)	$ 21,200

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Outstanding Activity (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cost of retirement of treasury shares	$ 0	$ 0
Preferred stock, shares authorized	2,000
Common Stock Issued
Common stock outstanding, Beginning balance	57,691	125,424	125,424
Shares issued for stock-based compensation awards	375	0	0
Repurchases of common stock	0	0	0
Retirement of treasury stock	(2,474)	(67,733)
Common stock outstanding, Ending balance	55,592	57,691	125,424
Treasury Stock
Common stock outstanding, Beginning balance	3,880	66,175	57,358
Shares issued for stock-based compensation awards	(75)	(653)	(525)
Repurchases of common stock	(2,089)	(6,091)	(9,342)
Retirement of treasury stock	(2,474)	(67,733)
Common stock outstanding, Ending balance	3,420	3,880	66,175
Cost of retirement of treasury shares	$ 228,800	$ 5,100,000
Common Stock Outstanding
Common stock outstanding, Beginning balance	53,811	59,249	68,066
Shares issued for stock-based compensation awards	450	653	525
Repurchases of common stock	(2,089)	(6,091)	(9,342)
Retirement of treasury stock	0	0
Common stock outstanding, Ending balance	52,172	53,811	59,249

Shareholders' Equity - Share-Re

Shareholders' Equity - Share-Repurchase Programs (Details) - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	$ 1,600,000
Dollar Value of Shares Repurchased	1,275,937
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	324,063
Payments for repurchase of common stock	265,142	$ 770,200	$ 1,049,487
September 2022
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	600,000
Dollar Value of Shares Repurchased	600,000
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	0
January 2023
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	1,000,000
Dollar Value of Shares Repurchased	675,937
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	$ 324,063
Share repurchase program
Share-Repurchase Programs [Line Items]
Stock repurchased during period, shares	2	6.1
Payments for repurchase of common stock	$ 250,000	$ 745,900
Excise tax share repurchases
Share-Repurchase Programs [Line Items]
Excise tax on share repurchase	$ 2,100

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Income Per Share
Net income attributable to shareholders	$ 392,074	$ 903,505	$ 1,426,884
Weighted-average shares outstanding - basic	53,282	56,359	64,838
Net effect of various dilutive stock-based compensation awards	515	676	615
Weighted-average shares outstanding - diluted	53,797	57,035	65,453
Net income per share:
Basic	$ 7.36	$ 16.03	$ 22.01
Diluted (a)	$ 7.29	$ 15.84	$ 21.80
(a) Equity awards excluded from diluted net income per share as their effect would have been anti-dilutive	16	32	53

Employee Stock Plans (Details)

Employee Stock Plans (Details) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)
Employee Stock Plans
Number of shares authorized | shares	24
Number of shares available for grant | shares	4.4	5
Share-Based Compensation Arrangement by share-based payment award, authorization rate	1.69
Amortization of stock-based compensation | $	$ 34,631	$ 41,569	$ 42,930
Tax benefits related to stock-based compensation awards | $	$ 5,600	$ 8,900	$ 5,900
Installments over a period	4 years
Contractual terms	10 years

Employee Stock Plans - Stock Op

Employee Stock Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Employee Stock Plans
Outstanding beginning	322,252
Outstanding, Weighted-Average Exercise Price, beginning	$ 76.73
Exercised	(71,187)
Weighted-Average Exercise Price, Exercised	$ 76.63
Forfeited	(1,520)
Weighted-Average Exercise Price, Forfeited	$ 79.22
Outstanding ending	249,545	322,252
Outstanding, Weighted-Average Exercise Price, ending	$ 76.75	$ 76.73
Exercisable	249,090
Weighted-Average Exercise Price, Exercisable	$ 76.74
Outstanding, Weighted-Average Remaining Contractual Life	42 months
Exercisable, Weighted-Average Remaining Contractual Life	42 months
Outstanding, Aggregate Intrinsic Value	$ 9,076
Exercisable, Aggregate Intrinsic Value	9,061
Total intrinsic value of options exercised	3,300	$ 12,500	$ 10,000
Cash received from option exercises	$ 5,354	$ 17,010	$ 17,340
Vesting method on service period	3 years
Non-employee director award	$ 200
Installments over a period	4 years
Settlement of restricted stock units ratio	1
Directors' annual retainer fee	50%
Non-Employee
Employee Stock Plans
Installments over a period	1 year
Minimum
Employee Stock Plans
Percentage of performance awards deliverable in common stock	0%
Maximum
Employee Stock Plans
Percentage of performance awards deliverable in common stock	185%

Employee Stock Plans - Summary

Employee Stock Plans - Summary of Non-Vested Shares (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Employee Stock Plans
Non-vested shares balance beginning	820,220
Weighted-Average Grant Date Fair Value Non-vested shares balance beginning	$ 117.84
Granted	401,602
Weighted Average Grant Date Fair Value, Granted	$ 115.73
Vested	(337,945)
Weighted Average Grant Date Fair Value, Vested	$ 109.77
Forfeited	(43,178)
Weighted Average Grant Date Fair Value, Forfeited	$ 122.68
Non-vested shares balance ending	840,699	820,220
Weighted-Average Grant Date Fair Value Non-vested shares balance ending	$ 119.83	$ 117.84
Total fair value of shares vested	$ 39.5	$ 57	$ 47.3
Total unrecognized compensation cost related to non-vested shares and stock options	$ 31.8
Weighted-average period	2 years 2 months 12 days

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) employee	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Actuarial (loss) gains, net of tax	$ 5,027	$ (1,011)	$ 19,548
Reclassification of actuarial (loss) gain, net of tax	(125)	(508)	590
Prior service (costs), net of tax			(2,304)
Reclassification of prior service (costs), net of tax	256	256
Accumulated other comprehensive income (loss) includes unrecognized actuarial gains (losses), net of related taxes	12,200	7,300
Accumulated other comprehensive income (loss) includes prior service (costs)	(1,800)	(2,000)
Defined contribution plan, cost	20,100	21,200	20,300
Supplemental employee retirement plan
Defined Benefit Plan Disclosure [Line Items]
Funding in trust	115,700
Funding in rabbi trust	114,400
International
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost	$ 22,400	$ 22,600	$ 22,100
Former Arrow SERP | Supplemental employee retirement plan
Defined Benefit Plan Disclosure [Line Items]
Number of participants | employee	26
Current Arrow SERP | Supplemental employee retirement plan
Defined Benefit Plan Disclosure [Line Items]
Number of participants | employee	10

Employee Benefit Plans - Pensio

Employee Benefit Plans - Pension Information and Benefit Payments (Details) - Supplemental employee retirement plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 74,530	$ 77,737
Projected benefit obligation at beginning of year	88,084	84,148
Service cost	3,193	3,250
Interest cost	4,081	4,082
Actuarial (gain) loss	(6,602)	1,328
Benefits paid	(5,724)	(4,724)
Projected benefit obligation at end of year	83,032	88,084
Funded status	(83,032)	(88,084)
Current liabilities	(6,168)	(6,186)
Noncurrent liabilities	(76,864)	(81,898)
Amortization of prior service cost	337	336
Amortization of net loss	(164)	(668)
Net periodic pension cost	$ 7,447	$ 7,000
Weighted-average assumptions used to determine benefit obligation, Discount rate	5.50%	4.80%
Weighted-average assumptions used to determine benefit obligation, Rate of compensation increase	5%	5%
Weighted-average assumptions used to determine net periodic pension cost, Discount rate	4.80%	5%
Weighted-average assumptions used to determine net periodic pension cost, Rate of compensation increase	5%	5%
2025	$ 6,168
2026	6,318
2027	6,183
2028	6,201
2029	6,792
2030 - 2034	$ 36,382

Lease Commitments - Narrative (

Lease Commitments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lease Commitments
Lease expiration date	2036
Lease cost	$ 98	$ 93.4	$ 92

Lease Commitments (Details)

Lease Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Lease Commitments
Right-of-use asset	$ 251,129	$ 269,524
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Lease liability - current	$ 68,941	$ 74,232
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Lease liability - non-current	$ 198,466	$ 210,110
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total operating lease liabilities	$ 267,407	$ 284,342
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities	us-gaap:OtherLiabilities
2025	$ 77,607
2026	63,279
2027	53,911
2028	43,888
2029	23,085
Thereafter	39,252
Total lease payments	301,022
Less: imputed interest	(33,615)
Cash paid for amounts included in the measurement of operating lease liabilities	94,829	$ 91,797
Right-of-use assets obtained in exchange for operating lease obligations	$ 62,583	$ 74,356
Weighted-average remaining lease term in years	5 years	5 years
Weighted-average discount rate	5.40%	4.60%

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Contingencies
Environmental liabilities	$ 24.7
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current, Other Liabilities, Noncurrent
Environmental remediation expenses		$ 23.3
Environmental Remediation Expense, before Recovery, Statement of Income or Comprehensive Income [Extensible Enumeration]		Restructuring and Related Cost, Incurred Cost
Recovery of direct costs	$ 47.3
Proceeds from legal settlements		$ 62.2
Huntsville Site
Contingencies
Environmental remediation expense to date	9.1
Project expenditures, low estimate	5.3
Project expenditures, high estimate	17
Norco Site
Contingencies
Environmental remediation expense to date	86.5
Project expenditures, low estimate	19.4
Project expenditures, high estimate	$ 35.5

Segment and Geographic Inform_3

Segment and Geographic Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) country	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Sales:
Sales	$ 27,923,324	$ 33,107,120	$ 37,124,422
Number of countries in which entity operates | country	85
China and Hong Kong
Sales:
Sales	$ 4,033,744	4,858,871	6,339,883
Germany
Sales:
Sales	3,007,517	4,341,837	4,715,806
Other
Sales:
Sales	11,114,613	12,737,852	12,901,063
Non-US
Sales:
Sales	18,155,874	21,938,560	23,956,752
United States
Sales:
Sales	9,767,450	11,168,560	13,167,670
Operating segments
Sales:
Sales	27,923,324	33,107,120	37,124,422
Global components | Operating segments
Sales:
Sales	19,983,267	25,419,899	28,788,003
Global components | Operating segments | Americas
Sales:
Sales	6,411,701	7,954,713	9,592,547
Global components | Operating segments | EMEA
Sales:
Sales	5,648,107	8,074,894	7,627,974
Global components | Operating segments | Asia/Pacific
Sales:
Sales	7,923,459	9,390,292	11,567,482
Global ECS | Operating segments
Sales:
Sales	7,940,057	7,687,221	8,336,419
Global ECS | Operating segments | Americas
Sales:
Sales	4,067,160	4,160,298	4,847,027
Global ECS | Operating segments | EMEA
Sales:
Sales	$ 3,872,897	$ 3,526,923	$ 3,489,392

Segment and Geographic Inform_4

Segment and Geographic Information - Operations by reportable segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment and geographic information
Sales	$ 27,923,324	$ 33,107,120	$ 37,124,422
Cost of sales	24,630,916	28,958,102	32,287,797
Gross profit	3,292,408	4,149,018	4,836,625
Operating expenses	2,523,851	2,677,854	2,768,131
Operating income (loss)	768,557	1,471,164	2,068,494
Proceeds from settlements benefits		62,200
Restructuring, integration and other	142,917	83,916	13,741
Operating segments
Segment and geographic information
Sales	27,923,324	33,107,120	37,124,422
Cost of sales	24,630,916	28,958,102	32,287,797
Gross profit	$ 3,292,408	$ 4,149,018	$ 4,836,625
Gross profit margin	11.80%	12.50%	13%
Operating expenses	$ 2,523,851	$ 2,677,854	$ 2,768,131
Operating income (loss)	$ 768,557	$ 1,471,164	$ 2,068,494
Operating income margin	2.80%	4.40%	5.60%
Global Components
Segment and geographic information
Inventory write downs	$ 60,600
Proceeds from settlements benefits		$ 62,200
Global Components | Operating segments
Segment and geographic information
Sales	19,983,267	25,419,899	$ 28,788,003
Cost of sales	17,650,909	22,220,779	24,883,076
Gross profit	$ 2,332,358	$ 3,199,120	$ 3,904,927
Gross profit margin	11.70%	12.60%	13.60%
Operating expenses	$ 1,591,085	$ 1,739,954	$ 1,943,802
Operating income (loss)	$ 741,273	$ 1,459,166	$ 1,961,125
Operating income margin	3.70%	5.70%	6.80%
Global ECS
Segment and geographic information
Increase in charges to increase allowance for credit losses		$ 25,400
Reversal of charges for aged receivables collected	$ 20,000
Global ECS | Operating segments
Segment and geographic information
Sales	7,940,057	7,687,221	$ 8,336,419
Cost of sales	6,980,007	6,737,323	7,404,721
Gross profit	$ 960,050	$ 949,898	$ 931,698
Gross profit margin	12.10%	12.40%	11.20%
Operating expenses	$ 549,975	$ 582,894	$ 523,179
Operating income (loss)	$ 410,075	$ 367,004	$ 408,519
Operating income margin	5.20%	4.80%	4.90%
Corporate
Segment and geographic information
Restructuring, integration and other	$ 142,900	$ 83,900	$ 13,700
Corporate | Operating segments
Segment and geographic information
Operating expenses	382,791	355,006	301,150
Operating income (loss)	$ (382,791)	$ (355,006)	$ (301,150)

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Sales and Long-Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Revenues from external customers and long lived assets
Assets	$ 21,757,707	$ 21,726,168
Long-lived assets	720,389	800,264
Global Components | Operating segments
Revenues from external customers and long lived assets
Assets	14,765,931	15,129,190
Global ECS | Operating segments
Revenues from external customers and long lived assets
Assets	6,518,723	6,051,459
Corporate
Revenues from external customers and long lived assets
Assets	473,053	545,519
Netherlands
Revenues from external customers and long lived assets
Long-lived assets	78,120	89,199
France
Revenues from external customers and long lived assets
Long-lived assets	86,268	87,861
Other
Revenues from external customers and long lived assets
Long-lived assets	223,903	258,264
Non-US
Revenues from external customers and long lived assets
Long-lived assets	388,291	435,324
United States
Revenues from external customers and long lived assets
Long-lived assets	$ 332,098	$ 364,940

VALUATION AND QUALIFYING ACCO_2

VALUATION AND QUALIFYING ACCOUNTS (Details) - Allowance for credit loss - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses:
Allowance for credit losses, Balance at beginning of year		$ 146,480	$ 93,397	$ 75,901
Allowance for credit losses, Charged to Income		751	71,984	34,590
Allowance for credit losses, Other	[1]	(2,411)	690	(1,476)
Allowance for credit losses, Write-down		28,375	19,591	15,618
Allowance for credit losses, Balance at end of year		$ 116,445	$ 146,480	$ 93,397
[1] “Other” primarily includes the effect of fluctuations in foreign currencies and the allowance for credit losses of the businesses acquired and disposed of by the company .