Arrow Electronics (ARW) 10-Q 2 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 30, 2019	Apr. 29, 2019
DEI [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 30, 2019
Entity Registrant Name	ARROW ELECTRONICS INC
Entity Current Reporting Status	Yes
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		84,721,190
Entity Central Index Key	0000007536
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 30, 2019	Mar. 31, 2018
Sales	[1]	$ 7,155,991	$ 6,875,613
Cost of sales		6,294,303	6,006,669
Gross profit		861,688	868,944
Operating expenses:
Selling, general, and administrative expenses		556,076	562,969
Depreciation and amortization		47,526	47,247
Loss on disposition of businesses, net		866	1,562
Restructuring, integration, and other charges		11,660	21,171
Total operating expenses		616,128	632,949
Operating income		245,560	235,995
Equity in losses of affiliated companies		(1,467)	(673)
Gain (loss) on investments, net		5,348	(2,452)
Employee benefit plan expense		1,139	1,231
Interest and other financing expense, net		51,981	45,179
Income before income taxes		196,321	186,460
Provision for income taxes		53,907	46,590
Consolidated net income		142,414	139,870
Noncontrolling interests		1,679	776
Net income attributable to shareholders		$ 140,735	$ 139,094
Net income per share:
Basic		$ 1.65	$ 1.58
Diluted	[2]	$ 1.63	$ 1.56
Weighted-average shares outstanding:
Basic		85,400	87,955
Diluted		86,319	89,035
[1]	Includes sales related to the United States of $2,782,035 and $2,649,668 for the first quarter of 2019 and 2018 , respectively.
[2]	Stock-based compensation awards for the issuance of 903 and 415 shares for the first quarter of 2019 and 2018

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Consolidated net income	$ 142,414	$ 139,870
Other comprehensive income:
Foreign currency translation adjustment and other	4,442	44,969
Unrealized gain on foreign exchange contracts designated as net investment hedges, net of taxes	5,533	0
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes	240	228
Employee benefit plan items, net of taxes	319	282
Other comprehensive income	10,534	45,479
Comprehensive income	152,948	185,349
Less: Comprehensive income attributable to noncontrolling interests	1,031	523
Comprehensive income attributable to shareholders	$ 151,917	$ 184,826

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents		$ 351,899	$ 509,327
Accounts receivable, net		7,902,516	8,945,463
Inventories		3,734,905	3,878,678
Other current assets		264,564	274,832
Total current assets		12,253,884	13,608,300
Property, plant, and equipment, at cost:
Land		7,845	7,882
Buildings and improvements		157,326	158,712
Machinery and equipment		1,428,758	1,425,933
Property, plant, and equipment, gross		1,593,929	1,592,527
Less: Accumulated depreciation and amortization		(774,325)	(767,827)
Property, plant, and equipment, net		819,604	824,700
Investments in affiliated companies		85,296	83,693
Intangible assets, net		369,291	372,644
Goodwill	[1]	2,632,451	2,624,690
Other assets		670,226	270,418
Total assets		16,830,752	17,784,445
LIABILITIES AND EQUITY
Accounts payable		6,034,457	7,631,879
Accrued expenses		860,982	912,292
Short-term borrowings, including current portion of long-term debt		138,686	246,257
Total current liabilities		7,034,125	8,790,428
Long-term debt		3,575,891	3,239,115
Other liabilities		719,326	378,536
Equity:
Issued - 125,424 shares in both 2019 and 2018, respectively		125,424	125,424
Capital in excess of par value		1,128,757	1,135,934
Treasury stock (40,251 and 40,233 shares in 2019 and 2018, respectively), at cost		(1,992,981)	(1,972,254)
Retained earnings		6,476,070	6,335,335
Accumulated other comprehensive loss		(288,267)	(299,449)
Total shareholders' equity		5,449,003	5,324,990
Noncontrolling interests		52,407	51,376
Total equity		5,501,410	5,376,366
Total liabilities and equity		$ 16,830,752	$ 17,784,445
[1]	The total carrying value of goodwill as of March 30, 2019 and December 31, 2018 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855

CONSOLIDATED BALANCE SHEETS Par

CONSOLIDATED BALANCE SHEETS Parenthetical - $ / shares shares in Thousands	Mar. 30, 2019	Dec. 31, 2018
Common Stock, Par or Stated Value Per Share	$ 1	$ 1
Common Stock, Shares Authorized	160,000	160,000
Common Stock, Shares, Issued	125,424	125,424
Treasury Stock, Shares	40,251	40,233

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Cash flows from operating activities:
Consolidated net income	$ 142,414	$ 139,870
Adjustments to reconcile consolidated net income to net cash used for operations:
Depreciation and amortization	47,526	47,247
Amortization of stock-based compensation	19,090	13,043
Equity in losses of affiliated companies	1,467	673
Deferred income taxes	6,968	(2,818)
(Gain) loss on investments, net	(5,348)	2,452
Other	5,575	3,465
Change in assets and liabilities, net of effects of acquired and disposed businesses:
Accounts receivable	949,989	789,843
Inventories	134,402	(260,620)
Accounts payable	(1,540,008)	(691,818)
Accrued expenses	(50,292)	(22,087)
Other assets and liabilities	(40,782)	(94,327)
Net cash used for operating activities	(328,999)	(75,077)
Cash flows from investing activities:
Cash consideration paid for acquired businesses, net of cash acquired	0	(331,467)
Proceeds from disposition of businesses	0	34,291
Acquisition of property, plant, and equipment	(33,815)	(34,735)
Other	2,940	(4,500)
Net cash used for investing activities	(30,875)	(336,411)
Cash flows from financing activities:
Change in short-term and other borrowings	(107,244)	(18,387)
Proceeds from long-term bank borrowings, net	335,023	601,386
Redemption of notes	0	(300,000)
Proceeds from exercise of stock options	6,931	4,997
Repurchases of common stock	(53,925)	(52,513)
Net cash provided by financing activities	180,785	235,483
Effect of exchange rate changes on cash	21,661	(5,434)
Net decrease in cash and cash equivalents	(157,428)	(181,439)
Cash and cash equivalents at beginning of period	509,327	730,083
Cash and cash equivalents at end of period	$ 351,899	$ 548,644

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock at Par Value	Capital in Excess of Par Value	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Stockholders' Equity, Total [Member]
Balance at Dec. 31, 2017	$ 4,997,940	$ 125,424	$ 1,114,167	$ (1,762,239)	$ 5,596,786	$ (124,883)	$ 48,685
Effect of new accounting principles	0	0	0	0	22,354	(22,354)	0
Consolidated net income	139,870	0	0	0	139,094	0	776
Other comprehensive income (loss)	45,479	0	0	0	0	45,732	(255)	$ 45,477
Amortization of stock-based compensation	13,043	0	13,043	0	0	0	0
Shares issued for stock-based compensation awards	4,997	0	(22,102)	27,099	0	0	0
Repurchases of common stock	(52,513)	0	0	(52,513)	0	0	0
Balance at Mar. 31, 2018	5,148,814	125,424	1,105,108	(1,787,653)	5,758,234	(101,505)	49,206
Balance at Dec. 31, 2018	5,376,366	125,424	1,135,934	(1,972,254)	6,335,335	(299,449)	51,376
Consolidated net income	142,414	0	0	0	140,735	0	1,679
Other comprehensive income (loss)	10,534	0	0	0	0	11,182	(648)
Amortization of stock-based compensation	19,090	0	19,090	0	0	0	0
Shares issued for stock-based compensation awards	6,931	0	(26,267)	33,198	0	0	0
Repurchases of common stock	(53,925)	0	0	(53,925)	0	0	0
Balance at Mar. 30, 2019	$ 5,501,410	$ 125,424	$ 1,128,757	$ (1,992,981)	$ 6,476,070	$ (288,267)	$ 52,407

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation The accompanying consolidated financial statements of Arrow Electronics, Inc. (the "company") were prepared in accordance with accounting principles generally accepted in the United States and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position and results of operations at and for the periods presented. The consolidated results of operations for the interim periods are not necessarily indicative of results for the full year. These consolidated financial statements do not include all of the information or notes necessary for a complete presentation and, accordingly, should be read in conjunction with the company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2018 , as filed in the company's Annual Report on Form 10-K. Quarter End The company operates on a quarterly calendar that closes on the Saturday closest to the end of the calendar quarter. Reclassification

Impact of Recently Issued Accou

Impact of Recently Issued Accounting Standards	3 Months Ended
	Mar. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	Impact of Recently Issued Accounting Standards In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2018-15, Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (a consensus of the FASB Emerging Issues Task Force) ("ASU No. 2018-15"). ASU No. 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop internal-use software. ASU No. 2018-15 is effective for the company in the first quarter of 2020, with early adoption permitted, and is to be applied either retrospectively or prospectively. The company is currently evaluating the potential effects of adopting the provisions of ASU No. 2018-15. The adoption is not expected to be material to the consolidated financial statements. In August 2017, the FASB issued Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815) ("ASU No. 2017-12"). ASU No. 2017-12 simplifies certain aspects of hedge accounting and results in a more accurate portrayal of the economics of an entity’s risk management activities in its financial statements. On January 1, 2019, the company adopted the provisions of ASU No. 2017-12 on a modified retrospective basis. The adoption of the provisions of ASU No. 2017-12 did not materially impact the company's consolidated financial position or results of operations. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326) ("ASU No. 2016-13"). ASU No. 2016-13 revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses , and in April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. These ASU's provide supplemental guidance and clarification to ASU No. 2016-13 and must be adopted concurrently with the adoption of ASU No. 2016-13, cumulatively referred to as “Topic 326.” Topic 326 is effective for the company in the first quarter of 2020, with early adoption permitted, and is to be applied using a modified retrospective approach. The company is currently evaluating the potential effects of adopting the provisions of Topic 326. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) ("ASU No. 2016-02"). ASU No. 2016-02 requires the entity to recognize the assets and liabilities for the rights and obligations created by leased assets. Leases will be classified as either finance or operating, with classification affecting expense recognition in the income statement. In July 2018 the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases , and ASU No. 2018-11, Leases (Topic 842) Targeted Improvements. In March 2019, the FASB issued ASU No. 2019-01 Codification Improvements to Topic 842, Leases. These ASU's provide supplemental adoption guidance and clarification to ASU No. 2016-02, and must be adopted concurrently with the adoption of ASU No. 2016-02, cumulatively referred to as “Topic 842”.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 30, 2019
Significant Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Significant Accounting Policies Except for the changes below, no material changes have been made to the company's significant accounting policies disclosed in Note 1, Summary of Significant Accounting Policies, in its Annual Report on Form 10-K, filed on February 7, 2019, for the year ended December 31, 2018. 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 has determined that operating lease right-of-use assets will be recorded to "Other assets" and lease liabilities will be recorded to "Other liabilities" and "Accrued expenses" in the consolidated balance sheets. Lease expense will be recorded to "Selling, general, and administrative expenses" in the consolidated statements of operations. Operating lease payments will be recorded to "Operating cash flows" in the consolidated statements of cash flows.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 30, 2019
Business Combinations [Abstract]
Acquisitions [Text Block]	Acquisitions 2018 Acquisitions In 2018, the company acquired eInfochips for a purchase price of $327,628 , which included $14,769 of cash acquired. eInfochips services customers at every phase of technology deployment, including custom hardware and software, and new Internet of Things based business models. eInfochips is recorded in the company's global components business segment. The following table summarizes the allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the eInfochips acquisition: Accounts receivable, net $ 13,670 Inventories 1,512 Property, plant, and equipment 3,485 Other assets 46,488 Identifiable intangible assets 128,000 Goodwill 197,126 Accounts payable (520 ) Accrued expenses (33,836 ) Deferred tax liability (41,474 ) Other liabilities (1,592 ) Cash consideration paid, net of cash acquired $ 312,859 In connection with the eInfochips acquisition, the company allocated $109,000 and $19,000 to customer relationships and trade name with a life of 15 years and 10 years, respectively. The goodwill related to the eInfochips acquisition represents the expected synergies from combining operations and was recorded in the company's global components business segment and is not tax deductible. During 2018, the company completed one additional acquisition with a purchase price of approximately $18,704 , net of cash acquired. The impact of this acquisition was not material to the company's consolidated financial position or results of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	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. Goodwill of companies acquired, allocated to the company's business segments, is as follows: Global Components Global ECS Total Balance as of December 31, 2018 (a) $ 1,437,501 $ 1,187,189 $ 2,624,690 Dispositions and related adjustments — (1,386 ) (1,386 ) Foreign currency translation adjustment 15,869 (6,722 ) 9,147 Balance as of March 30, 2019 (a) $ 1,453,370 $ 1,179,081 $ 2,632,451 (a) The total carrying value of goodwill as of March 30, 2019 and December 31, 2018 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global enterprise computing solutions ("ECS") business segment. Intangible assets, net, are comprised of the following as of March 30, 2019 : Weighted-Average Life Gross Carrying Amount Accumulated Amortization Net Non-amortizable trade names indefinite $ 101,000 $ — $ 101,000 Customer relationships 11 years 482,084 (232,649 ) 249,435 Developed technology 5 years 6,340 (4,596 ) 1,744 Amortizable trade name 9 years 21,407 (4,295 ) 17,112 $ 610,831 $ (241,540 ) $ 369,291 Intangible assets, net, are comprised of the following as of December 31, 2018 : Weighted-Average Life Gross Carrying Amount Accumulated Amortization Net Non-amortizable trade names indefinite $ 101,000 $ — $ 101,000 Customer relationships 11 years 475,050 (221,822 ) 253,228 Developed technology 5 years 6,340 (4,311 ) 2,029 Amortizable trade name 9 years 19,940 (3,553 ) 16,387 $ 602,330 $ (229,686 ) $ 372,644 During the first quarter of 2019 and 2018 , the company recorded amortization expense related to identifiable intangible assets of $11,930 and $13,520

Investments in Affiliated Compa

Investments in Affiliated Companies	3 Months Ended
	Mar. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments in Affiliated Companies [Text Block]	Investments in Affiliated Companies The company owns a 50% interest in several joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and several interests ranging from 19% to 50% in other joint ventures and equity method investments. These investments are accounted for using the equity method. The following table presents the company's investment in affiliated companies: March 30, December 31, Marubun/Arrow $ 75,107 $ 73,253 Other 10,189 10,440 $ 85,296 $ 83,693 The equity in earnings (losses) of affiliated companies consists of the following: Quarter Ended March 30, March 31, Marubun/Arrow $ 1,226 $ 1,091 Other (2,693 ) (1,764 ) $ (1,467 ) $ (673 ) 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. At March 30, 2019 , the company's pro-rata share of this debt was approximately $6,100 . At December 31, 2018 , the company's pro-rata share of this debt was approximately $2,860

Accounts Receivable

Accounts Receivable	3 Months Ended
	Mar. 30, 2019
Receivables [Abstract]
Accounts Receivable [Text Block]	Accounts Receivable Accounts receivable, net, consists of the following: March 30, December 31, Accounts receivable $ 7,962,977 $ 9,021,051 Allowances for doubtful accounts (60,461 ) (75,588 ) $ 7,902,516 $ 8,945,463

Debt

Debt	3 Months Ended
	Mar. 30, 2019
Debt Disclosure [Abstract]
Debt [Text Block]	Debt Short-term borrowings, including current portion of long-term debt, consists of the following: March 30, December 31, Borrowings on lines of credit $ — $ 180,000 Commercial paper 74,836 — Other short-term borrowings 63,850 66,257 $ 138,686 $ 246,257 Other short-term borrowings are primarily utilized to support working capital requirements. The weighted-average interest rate on these borrowings was 2.96% and 2.49% at March 30, 2019 and December 31, 2018 , respectively. The company has $200,000 in uncommitted lines of credit. There were no outstanding borrowings under the uncommitted lines of credit at March 30, 2019 . There were $180,000 of outstanding borrowings under the uncommitted lines of credit at December 31, 2018 . These borrowings were provided on a short-term basis and the maturity is agreed upon between the company and the lender. The lines had a weighted average effective interest rate of 3.49% and 3.39% at March 30, 2019 and December 31, 2018 , respectively. The company has a commercial paper program and the maximum aggregate balance of commercial paper outstanding may not exceed the borrowing capacity of $1,200,000 . The company had $74,836 in outstanding borrowings under this program at March 30, 2019 and no outstanding borrowings at December 31, 2018 . The program had a weighted average effective interest rate of 2.98% and 2.93% at March 30, 2019 and December 31, 2018 , respectively. Long-term debt consists of the following: March 30, December 31, Revolving credit facility $ 55,000 $ — Asset securitization program 1,090,000 810,000 6.00% notes, due 2020 209,191 209,147 5.125% notes, due 2021 130,582 130,546 3.50% notes, due 2022 347,485 347,288 4.50% notes, due 2023 297,751 297,622 3.25% notes, due 2024 494,327 494,091 4.00% notes, due 2025 345,911 345,762 7.50% senior debentures, due 2027 109,796 109,776 3.875% notes, due 2028 494,231 494,095 Other obligations with various interest rates and due dates 1,617 788 $ 3,575,891 $ 3,239,115 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, using quoted market prices, is as follows: March 30, December 31, 6.00% notes, due 2020 214,500 214,500 5.125% notes, due 2021 135,500 134,500 3.50% notes, due 2022 353,000 345,000 4.50% notes, due 2023 311,500 303,500 3.25% notes, due 2024 484,500 467,000 4.00% notes, due 2025 351,000 340,500 7.50% senior debentures, due 2027 130,000 128,000 3.875% notes, due 2028 484,000 458,500 The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, commercial paper, and other obligations approximate their fair value. The company has a $2,000,000 revolving credit facility maturing in December 2023. This 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 a Eurocurrency rate plus a spread ( 1.18% at March 30, 2019 ), which is based on the company's credit ratings, or an effective interest rate of 3.56% at March 30, 2019 . The facility fee, which is based on the company's credit ratings, was .20% of the total borrowing capacity at March 30, 2019 . The company had $55,000 in outstanding borrowings under the revolving credit facility at March 30, 2019 . The company had no outstanding borrowings under the revolving credit facility at December 31, 2018 . The company has an asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $1,200,000 under the asset securitization program, which matures in June 2021. The asset securitization program is conducted through Arrow Electronics Funding Corporation ("AFC"), a wholly-owned, bankruptcy remote subsidiary. The asset securitization program does not qualify for true 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 ( .40% at March 30, 2019 ), or an effective interest rate of 2.94% at March 30, 2019 . The facility fee is .40% of the total borrowing capacity. At March 30, 2019 and December 31, 2018 , the company had $1,090,000 and $810,000 , respectively, in outstanding borrowings under the asset securitization program, which was included in "Long-term debt" in the company's consolidated balance sheets. Total collateralized accounts receivable of approximately $2,436,800 and $2,754,400 , respectively, were held by AFC and were included in "Accounts receivable, net" in the company's consolidated balance sheets. 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 before repayment of any outstanding borrowings under the asset securitization program. Both the revolving credit facility and 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. The company was in compliance with all covenants as of March 30, 2019 and is currently not aware of any events that would cause non-compliance with any covenants in the future. During 2018, the company redeemed $300,000 principal amount of its 3.00% notes due March 2018. In the normal course of business, certain of the company’s subsidiaries have agreements to sell, without recourse, selected trade receivables to financial institutions. The company does not retain financial or legal interests in these receivables, and, accordingly they are accounted for as sales of the related receivables and the receivables are removed from the company’s consolidated balance sheets. Financing costs related to these transactions were not material and are included in "Interest and other financing expense, net" in the company’s consolidated statements of operations. Interest and other financing expense, net, includes interest and dividend income of $14,045 and $9,255 for the first quarter

Financial Instruments Measured

Financial Instruments Measured at Fair Value	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures [Abstract]
Financial Instruments Measured At Fair Value [Text Block]	Financial Instruments Measured at 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 March 30, 2019 : Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents/ other assets $ 21,738 $ — $ — $ 21,738 Equity investments (b) Other assets 42,753 — — 42,753 Interest rate swaps Other liabilities — (557 ) — (557 ) Foreign exchange contracts Other current assets — 12,925 — 12,925 Foreign exchange contracts Accrued expenses — (998 ) — (998 ) $ 64,491 $ 11,370 $ — $ 75,861 The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2018 : Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents/ other assets $ 22,883 $ — $ — $ 22,883 Equity investments (b) Other assets 38,045 — — 38,045 Interest rate swaps Other liabilities — (589 ) — (589 ) Foreign exchange contracts Other current assets — 4,163 — 4,163 Foreign exchange contracts Accrued expenses — (2,384 ) — (2,384 ) $ 60,928 $ 1,190 $ — $ 62,118 (a) Cash equivalents include highly liquid investments with an original maturity of less than three months. (b) The company has an 8.4% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. The company recorded an unrealized gain of $1,824 and an unrealized loss of $2,579 for the first quarter of 2019 and 2018 , respectively, on equity securities held at the end of each quarter. The company uses various financial instruments, including derivative instruments, for purposes other than trading. Certain derivative instruments are designated at inception as hedges and measured for effectiveness both at inception and on an ongoing basis. Derivative instruments not designated as hedges are marked-to-market each reporting period with any unrealized gains or losses recognized in earnings. Interest Rate Swaps The company occasionally enters into interest rate swap transactions that convert certain fixed-rate debt to variable-rate debt or variable-rate debt to fixed-rate debt in order to manage its targeted mix of fixed- and floating-rate debt. The company uses the hypothetical derivative method to assess the effectiveness of its interest rate swaps designated as fair value hedges on a quarterly basis. The change in the fair value of interest rate swaps designated as fair value hedges is recorded as a change to the carrying value of the related hedged debt, and the change in fair value of interest rate swaps designated as cash flow hedges is recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive income." As of March 30, 2019 and December 31, 2018 , all outstanding interest rate swaps were designated as fair value hedges. The terms of our outstanding interest rate swap contracts at March 30, 2019 are as follows: Maturity Date Notional Amount Interest rate due from counterparty Interest rate due to counterparty April 2020 50,000 6.000% 6 mo. USD LIBOR + 3.896% 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 transactions in its foreign operations are denominated primarily in the following currencies: Euro, British Pound, Indian Rupee, Canadian Dollar, and Chinese Renminbi. The company enters into foreign exchange forward, option, or swap contracts (collectively, the "foreign exchange contracts") to mitigate the impact of changes in foreign currency exchange rates related to these transactions. These contracts are executed to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and generally have terms of no more than six months. 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. 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 are estimated using market quotes. The notional amount of the foreign exchange contracts at March 30, 2019 and December 31, 2018 was $867,361 and $607,747 , respectively. Gains and losses related to non-designated foreign currency exchange contracts are recorded in "Cost of sales" in 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 expenses," and "Interest and other financing expense, net" based upon the nature of the underlying hedged transaction, in the company's consolidated statements of operations and were not material for the first quarter of 2019 and 2018 . During the first quarter of 2019, the company entered into a series of foreign exchange contracts to sell Euro and buy United States Dollars, with various maturity dates as noted in the table below. Maturity Date Notional Amount March 2023 EUR 50,000 September 2024 EUR 50,000 April 2025 EUR 100,000 January 2028 EUR 100,000 Total EUR 300,000 The contracts above have been designated as a net investment hedge which is in place to hedge a portion of the company's net investment in subsidiaries with euro-denominated net assets. The change in the fair value of derivatives designated as net investment hedges will be recorded in "foreign currency translation adjustment" ("CTA") within "Accumulated other comprehensive loss" in the company's consolidated balance sheets. Amounts excluded from the assessment of hedge effectiveness will be included in "Interest and other financing expense, net" in the company's consolidated statements of operations. The gains (losses) recorded in CTA within other comprehensive income (loss) related to net investment hedges was $6,592 for the three months ended March 30, 2019, net of taxes. For the three months ended March 30, 2019, gains of $1,406 for outstanding net investment hedges were reclassified from CTA to "Interest and other financing expense, net" in the company's consolidated statements of operations. The effects of derivative instruments on the company's consolidated statements of operations and other comprehensive income are as follows: Quarter Ended March 30, March 31, Gain (Loss) Recognized in Income Foreign exchange contracts $ 3,489 $ (5,742 ) Interest rate swaps (319 ) (303 ) Total $ 3,170 $ (6,045 ) Gain (Loss) Recognized in Other Comprehensive Income before reclassifications, net of tax Foreign exchange contracts $ 5,953 $ (1,078 )

Restructuring, Integration, and

Restructuring, Integration, and Other Charges	3 Months Ended
	Mar. 30, 2019
Restructuring Charges [Abstract]
Restructuring, Integration and Other Charges [Text Block]	Restructuring, Integration, and Other Charges Restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations. The following table presents the components of the restructuring, integration, and other charges: Quarter Ended March 30, March 31, Restructuring and integration charges - current period actions $ 3,007 $ 11,432 Restructuring and integration charges - actions taken in prior periods (61 ) 1,349 Other charges 8,714 8,390 $ 11,660 $ 21,171 Restructuring and Integration Accrual Summary The restructuring and integration accrual was $10,802 and $25,829 at March 30, 2019 and December 31, 2018 , respectively. A transition adjustment of $9,968 was recorded on January 1, 2019 to reclassify restructuring and integration accruals for facilities costs by adjusting the related lease right-of-use assets recorded upon adoption of ASU No. 2016-02, Topic 842. During the three months ended, March 30, 2019 , the company made $6,735 of payments related to restructuring and integration accruals. Substantially all amounts accrued at March 30, 2019 relate to the termination of personnel and are expected to be spent in cash within one year. Other Charges Included in restructuring, integration, and other charges for the first quarter of 2019 are other expenses of $8,714 . The following items were included in other charges and credits recorded to restructuring, integration, and other charges for the three months ended March 30, 2019 : • acquisition-related charges for the first quarter of $1,022 related to professional and other fees directly related to recent acquisition activity as well as contingent consideration for acquisitions completed in prior years. • $5,559 in charges related to relocation and other centralization efforts to maximize operating efficiencies. Included in restructuring, integration, and other charges for the first quarter of 2018 are other expenses of $8,390 . The following items represent other charges and credits recorded to restructuring, integration, and other charges for the three months ended March 31, 2018 : • acquisition related charges for the first quarter of $6,154

Net Income per Share

Net Income per Share	3 Months Ended
	Mar. 30, 2019
Earnings Per Share [Abstract]
Net Income per Share [Text Block]	Net Income per Share The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands): Quarter Ended March 30, March 31, Net income attributable to shareholders $ 140,735 $ 139,094 Weighted-average shares outstanding - basic 85,400 87,955 Net effect of various dilutive stock-based compensation awards 919 1,080 Weighted-average shares outstanding - diluted 86,319 89,035 Net income per share: Basic $ 1.65 $ 1.58 Diluted (a) $ 1.63 $ 1.56 (a) Stock-based compensation awards for the issuance of 903 and 415 shares for the first quarter of 2019 and 2018

Lease Commitments

Lease Commitments	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Lease Commitments	Lease Commitments The company leases certain office, distribution, and other property under non-cancelable operating leases expiring at various dates through 2033 . Substantially all leases are classified as operating leases. During the first quarter of 2019 , the company recorded operating lease cost of $26,726 . The following amounts were recorded in the consolidated balance sheets at March 30, 2019: March 30, 2019 Operating Leases Right-of-use asset $ 349,077 Lease liability - current 68,603 Lease liability - non-current 302,283 Total operating lease liabilities $ 370,886 Maturities of operating lease liabilities at March 30, 2019 were as follows: March 30, 2019 2019 $ 75,827 2020 76,035 2021 59,166 2022 46,851 2023 37,177 Thereafter 160,022 Total lease payments 455,078 Less imputed interest (84,192 ) Total $ 370,886 Other information pertaining to leases consists of the following: March 30, 2019 Supplemental Cash Flow Information Cash paid for amounts included in the measurement of operating lease liabilities: $ 37,513 Right-of-use assets obtained in exchange for operating lease obligations: 35,573 Operating Lease Term and Discount Rate Weighted average remaining lease term in years 8 Weighted average discount rate 5.2 %

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Note Disclosure [Text Block]	Shareholders' Equity Accumulated Other Comprehensive Income (Loss) The following table presents the changes in Accumulated other comprehensive income (loss), excluding noncontrolling interests: Quarter Ended March 30, March 31, Foreign Currency Translation Adjustment and Other: Other comprehensive income before reclassifications (a) $ 5,276 $ 46,400 Amounts reclassified into income (186 ) (1,178 ) Unrealized Gain (Loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net: Other comprehensive income before reclassifications 6,592 — Amounts reclassified into income (1,059 ) — Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net: Amounts reclassified into income 240 228 Employee Benefit Plan Items, Net: Amounts reclassified into income 319 282 Other: Retained earnings adjustment (b) — (22,354 ) Net change in Accumulated other comprehensive income (loss) $ 11,182 $ 23,378 (a) Includes intra-entity foreign currency transactions that are of a long-term investment nature of $9,859 and $(11,924) for the first quarter of 2019 and 2018 , respectively. (b) Amounts relate to unrealized gains and losses on investments and stranded tax effects reclassified from "Accumulated other comprehensive income" to "Retained earnings" in accordance with ASU No. 2018-02 and ASU No. 2016-01. Share-Repurchase Program The following table shows the company's Board of Directors (the "Board") approved share-repurchase programs as of March 30, 2019 : Month of Board Approval Dollar Value Approved for Repurchase Dollar Value of Shares Repurchased Approximate Dollar Value of Shares that May Yet be Purchased Under the Program December 2016 $ 400,000 $ 311,395 $ 88,605 December 2018 600,000 — 600,000 Total $ 1,000,000 $ 311,395 $ 688,605

Contingencies

Contingencies	3 Months Ended
	Mar. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies [Text Block]	Contingencies Environmental Matters In connection with the purchase of Wyle in August 2000, the company acquired certain of the then outstanding obligations of Wyle, including Wyle's indemnification obligations to the purchasers of its Wyle Laboratories division for environmental clean-up costs associated with any then existing contamination or violation of environmental regulations. Under the terms of the company's purchase of Wyle from the sellers, the sellers agreed to indemnify the company for certain costs associated with the Wyle environmental obligations, among other things. In 2012, the company entered into a settlement agreement with the sellers pursuant to which the sellers paid $110,000 and the company released the sellers from their indemnification obligation. As part of the settlement agreement, the company accepted responsibility for any potential subsequent costs incurred related to the Wyle matters. The company is aware of two Wyle Laboratories facilities (in Huntsville, Alabama and Norco, California) at which contaminated groundwater was identified and will require environmental remediation. In addition, the company was named as a defendant in several lawsuits related to the Norco facility and a third site in El Segundo, California which have now been settled to the satisfaction of the parties. The company expects these environmental liabilities to be resolved over an extended period of time. 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. 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, improvements in remediation technologies, and the extent to which environmental laws and regulations may change in the future. Accordingly, the company cannot presently fully estimate the ultimate potential costs related to these sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed and, in some instances, implemented. To the extent that future environmental costs exceed amounts currently accrued by the company, net income would be adversely impacted and such impact could be material. Accruals for environmental liabilities are included in "Accrued expenses" and "Other liabilities" in the company's consolidated balance sheets. The company has determined that there is no amount within the environmental liability range that is a better estimate than any other amount, and therefore has recorded the accruals at the minimum amount of the ranges. As successor-in-interest to Wyle, the company is the beneficiary of various Wyle insurance policies that covered liabilities arising out of operations at Norco and Huntsville. To date, the company has recovered approximately $37,000 from certain insurance carriers relating to environmental clean-up matters at the Norco site. The company is considering the best way to pursue its potential claims against insurers regarding liabilities arising out of operations at Huntsville. The resolution of these matters will likely take several years. The company has not recorded a receivable for any potential future insurance recoveries related to the Norco and Huntsville environmental matters, as the realization of the claims for recovery are not deemed probable at this time. Environmental Matters - Huntsville In February 2015, the company and the Alabama Department of Environmental Management ("ADEM") finalized and executed a consent decree in connection with the Huntsville, Alabama site. Characterization of the extent of contaminated soil and groundwater is complete and has been approved by ADEM. Approximately $6,300 was spent to date and the company currently anticipates no additional investigative and related expenditures. The nature and scope of subsequent remediation at the site has not yet been determined, but assuming the outcome includes source control and certain other measures, the cost is estimated to be between $4,100 and $10,000 . Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work is not yet known, and, accordingly, the associated costs have yet to be determined. Environmental Matters - Norco In October 2003, the company entered into a consent decree with Wyle Laboratories and the California Department of Toxic Substance Control (the "DTSC") in connection with the Norco site. In April 2005, a Remedial Investigation Work Plan was approved by DTSC that provided for site-wide characterization of known and potential environmental issues. Investigations performed in connection with this work plan and a series of subsequent technical memoranda continued until the filing of a final Remedial Investigation Report early in 2008. Work is under way pertaining to the remediation of contaminated groundwater at certain areas on the Norco site and of soil gas in a limited area immediately adjacent to the site. In 2008, a hydraulic containment system ("HCS") was installed to capture and treat groundwater before it moves into the adjacent offsite area. In September 2013, the DTSC approved the final Remedial Action Plan ("RAP") and work is currently progressing under the RAP. The approved RAP included the potential for additional remedial action after the five year review of the HCS if the review found that contaminants were not sufficiently reduced in the offsite area. The HCS five year review submitted to DTSC in December 2016 identified significant reductions in contaminants offsite except in a key area identified in the RAP. This exception triggered the need for additional offsite remediation that began in 2018. Approximately $71,100 was spent to date on remediation, project management, regulatory oversight, and investigative and feasibility study activities. The company currently estimates that these activities will give rise to an additional $10,800 to $21,500 . Project management and regulatory oversight include costs incurred by project consultants for project management and costs billed by DTSC to provide regulatory oversight. Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work under the RAP is not yet known, and, accordingly, the associated costs have yet to be determined. Other

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 30, 2019
Segment Reporting [Abstract]
Segment and Geographic Information [Text Block]	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 distributes electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers and managed service providers through its global ECS business segment. As a result of the company's philosophy of maximizing operating efficiencies through the centralization of certain functions, selected fixed assets and related depreciation, as well as borrowings, are not directly attributable to the individual operating segments and are included in the corporate business segment. Sales, by segment by geographic area, are as follows: Quarter Ended March 30, March 31, Components: Americas $ 1,907,029 $ 1,796,698 EMEA (a) 1,503,366 1,478,386 Asia/Pacific 1,781,532 1,654,848 Global components $ 5,191,927 $ 4,929,932 ECS: Americas $ 1,200,907 $ 1,195,411 EMEA (a) 763,157 750,270 Global ECS $ 1,964,064 $ 1,945,681 Consolidated (b) $ 7,155,991 $ 6,875,613 (a) Defined as Europe, the Middle East, and Africa. (b) Includes sales related to the United States of $2,782,035 and $2,649,668 for the first quarter of 2019 and 2018 , respectively. Operating income (loss), by segment, are as follows: Quarter Ended March 30, March 31, Operating income (loss): Global components $ 234,532 $ 229,546 Global ECS 86,718 83,806 Corporate (c) (75,690 ) (77,357 ) Consolidated $ 245,560 $ 235,995 (c) Includes restructuring, integration, and other charges of $11,660 and $21,171 for the first quarter of 2019 and 2018 , respectively. Also included in the first quarter of 2019 and 2018 was a net loss on the disposition of businesses of $866 and $1,562 , respectively. Total assets, by segment, is as follows: March 30, December 31, Global components $ 11,479,107 $ 11,425,579 Global ECS 4,567,305 5,632,102 Corporate 784,340 726,764 Consolidated $ 16,830,752 $ 17,784,445 Net property, plant, and equipment, by geographic area, is as follows: March 30, December 31, Americas (d) $ 659,608 $ 673,228 EMEA 119,105 110,996 Asia/Pacific 40,891 40,476 Consolidated $ 819,604 $ 824,700 (d) Includes net property, plant, and equipment related to the United States of $656,736 and $670,201 at March 30, 2019 and December 31, 2018

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting Policy	The accompanying consolidated financial statements of Arrow Electronics, Inc. (the "company") were prepared in accordance with accounting principles generally accepted in the United States and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position and results of operations at and for the periods presented. The consolidated results of operations for the interim periods are not necessarily indicative of results for the full year. These consolidated financial statements do not include all of the information or notes necessary for a complete presentation and, accordingly, should be read in conjunction with the company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2018 , as filed in the company's Annual Report on Form 10-K.
Fiscal Period Policy	The company operates on a quarterly calendar that closes on the Saturday closest to the end of the calendar quarter.
Goodwill and Intangible Assets Policy	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.
Allowance for Doubtful Accounts Policy	The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.  The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience. The company also has notes receivables with certain customers, which are included in "Accounts receivable, net" in the company's consolidated balance sheets.
Fair Value of Debt Policy	The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, commercial paper, and other obligations approximate their fair value.
Fair Value of Financial Instruments Policy	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
Leases of Lessee Disclosure	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 has determined that operating lease right-of-use assets will be recorded to "Other assets" and lease liabilities will be recorded to "Other liabilities" and "Accrued expenses" in the consolidated balance sheets. Lease expense will be recorded to "Selling, general, and administrative expenses" in the consolidated statements of operations. Operating lease payments will be recorded to "Operating cash flows" in the consolidated statements of cash flows.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 30, 2019
e-Infochips [Member]
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the eInfochips acquisition: Accounts receivable, net $ 13,670 Inventories 1,512 Property, plant, and equipment 3,485 Other assets 46,488 Identifiable intangible assets 128,000 Goodwill 197,126 Accounts payable (520 ) Accrued expenses (33,836 ) Deferred tax liability (41,474 ) Other liabilities (1,592 ) Cash consideration paid, net of cash acquired $ 312,859

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Text Block]	Goodwill of companies acquired, allocated to the company's business segments, is as follows: Global Components Global ECS Total Balance as of December 31, 2018 (a) $ 1,437,501 $ 1,187,189 $ 2,624,690 Dispositions and related adjustments — (1,386 ) (1,386 ) Foreign currency translation adjustment 15,869 (6,722 ) 9,147 Balance as of March 30, 2019 (a) $ 1,453,370 $ 1,179,081 $ 2,632,451 (a) The total carrying value of goodwill as of March 30, 2019 and December 31, 2018 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855
Intangible Assets Disclosure [Text Block]	Intangible assets, net, are comprised of the following as of March 30, 2019 : Weighted-Average Life Gross Carrying Amount Accumulated Amortization Net Non-amortizable trade names indefinite $ 101,000 $ — $ 101,000 Customer relationships 11 years 482,084 (232,649 ) 249,435 Developed technology 5 years 6,340 (4,596 ) 1,744 Amortizable trade name 9 years 21,407 (4,295 ) 17,112 $ 610,831 $ (241,540 ) $ 369,291 Intangible assets, net, are comprised of the following as of December 31, 2018 : Weighted-Average Life Gross Carrying Amount Accumulated Amortization Net Non-amortizable trade names indefinite $ 101,000 $ — $ 101,000 Customer relationships 11 years 475,050 (221,822 ) 253,228 Developed technology 5 years 6,340 (4,311 ) 2,029 Amortizable trade name 9 years 19,940 (3,553 ) 16,387 $ 602,330 $ (229,686 ) $ 372,644

Investments in Affiliated Com_2

Investments in Affiliated Companies (Tables)	3 Months Ended
	Mar. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Text Block]	The following table presents the company's investment in affiliated companies: March 30, December 31, Marubun/Arrow $ 75,107 $ 73,253 Other 10,189 10,440 $ 85,296 $ 83,693
Equity in Earnings of Affiliated Companies [Text Block]	The equity in earnings (losses) of affiliated companies consists of the following: Quarter Ended March 30, March 31, Marubun/Arrow $ 1,226 $ 1,091 Other (2,693 ) (1,764 ) $ (1,467 ) $ (673 )

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Mar. 30, 2019
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]	Accounts receivable, net, consists of the following: March 30, December 31, Accounts receivable $ 7,962,977 $ 9,021,051 Allowances for doubtful accounts (60,461 ) (75,588 ) $ 7,902,516 $ 8,945,463

ST Debt (Tables)

ST Debt (Tables)	3 Months Ended
	Mar. 30, 2019
ST Debt [Abstract]
Schedule of Short-term Debt [Table Text Block]	Short-term borrowings, including current portion of long-term debt, consists of the following: March 30, December 31, Borrowings on lines of credit $ — $ 180,000 Commercial paper 74,836 — Other short-term borrowings 63,850 66,257 $ 138,686 $ 246,257

LT Debt (Tables)

LT Debt (Tables)	3 Months Ended
	Mar. 30, 2019
Schedule of Long-term Debt Instruments [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consists of the following: March 30, December 31, Revolving credit facility $ 55,000 $ — Asset securitization program 1,090,000 810,000 6.00% notes, due 2020 209,191 209,147 5.125% notes, due 2021 130,582 130,546 3.50% notes, due 2022 347,485 347,288 4.50% notes, due 2023 297,751 297,622 3.25% notes, due 2024 494,327 494,091 4.00% notes, due 2025 345,911 345,762 7.50% senior debentures, due 2027 109,796 109,776 3.875% notes, due 2028 494,231 494,095 Other obligations with various interest rates and due dates 1,617 788 $ 3,575,891 $ 3,239,115
Schedule of Fair Value of Debt [Text Block]	The estimated fair market value, using quoted market prices, is as follows: March 30, December 31, 6.00% notes, due 2020 214,500 214,500 5.125% notes, due 2021 135,500 134,500 3.50% notes, due 2022 353,000 345,000 4.50% notes, due 2023 311,500 303,500 3.25% notes, due 2024 484,500 467,000 4.00% notes, due 2025 351,000 340,500 7.50% senior debentures, due 2027 130,000 128,000 3.875% notes, due 2028 484,000 458,500

Financial Instruments Measure_2

Financial Instruments Measured at Fair Value (Tables)	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis Table [Text Block]	The following table presents assets (liabilities) measured at fair value on a recurring basis at March 30, 2019 : Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents/ other assets $ 21,738 $ — $ — $ 21,738 Equity investments (b) Other assets 42,753 — — 42,753 Interest rate swaps Other liabilities — (557 ) — (557 ) Foreign exchange contracts Other current assets — 12,925 — 12,925 Foreign exchange contracts Accrued expenses — (998 ) — (998 ) $ 64,491 $ 11,370 $ — $ 75,861 The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2018 : Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents/ other assets $ 22,883 $ — $ — $ 22,883 Equity investments (b) Other assets 38,045 — — 38,045 Interest rate swaps Other liabilities — (589 ) — (589 ) Foreign exchange contracts Other current assets — 4,163 — 4,163 Foreign exchange contracts Accrued expenses — (2,384 ) — (2,384 ) $ 60,928 $ 1,190 $ — $ 62,118 (a) Cash equivalents include highly liquid investments with an original maturity of less than three months. (b) The company has an 8.4% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. The company recorded an unrealized gain of $1,824 and an unrealized loss of $2,579 for the first quarter of 2019 and 2018
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block]	The effects of derivative instruments on the company's consolidated statements of operations and other comprehensive income are as follows: Quarter Ended March 30, March 31, Gain (Loss) Recognized in Income Foreign exchange contracts $ 3,489 $ (5,742 ) Interest rate swaps (319 ) (303 ) Total $ 3,170 $ (6,045 ) Gain (Loss) Recognized in Other Comprehensive Income before reclassifications, net of tax Foreign exchange contracts $ 5,953 $ (1,078 )
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Fair Value Disclosures
Description of Derivative Hedging Instruments	During the first quarter of 2019, the company entered into a series of foreign exchange contracts to sell Euro and buy United States Dollars, with various maturity dates as noted in the table below. Maturity Date Notional Amount March 2023 EUR 50,000 September 2024 EUR 50,000 April 2025 EUR 100,000 January 2028 EUR 100,000 Total EUR 300,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Fair Value Disclosures
Description of Derivative Hedging Instruments	The terms of our outstanding interest rate swap contracts at March 30, 2019 are as follows: Maturity Date Notional Amount Interest rate due from counterparty Interest rate due to counterparty April 2020 50,000 6.000% 6 mo. USD LIBOR + 3.896%

Restructuring, Integration, a_2

Restructuring, Integration, and Other Charges (Tables)	3 Months Ended
	Mar. 30, 2019
Restructuring Charges [Abstract]
Schedule of Restructuring and Related Costs [Text Block]	The following table presents the components of the restructuring, integration, and other charges: Quarter Ended March 30, March 31, Restructuring and integration charges - current period actions $ 3,007 $ 11,432 Restructuring and integration charges - actions taken in prior periods (61 ) 1,349 Other charges 8,714 8,390 $ 11,660 $ 21,171

Net Income per Share (Tables)

Net Income per Share (Tables)	3 Months Ended
	Mar. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands): Quarter Ended March 30, March 31, Net income attributable to shareholders $ 140,735 $ 139,094 Weighted-average shares outstanding - basic 85,400 87,955 Net effect of various dilutive stock-based compensation awards 919 1,080 Weighted-average shares outstanding - diluted 86,319 89,035 Net income per share: Basic $ 1.65 $ 1.58 Diluted (a) $ 1.63 $ 1.56 (a) Stock-based compensation awards for the issuance of 903 and 415 shares for the first quarter of 2019 and 2018

Lease Commitments (Tables)

Lease Commitments (Tables)	3 Months Ended
	Mar. 30, 2019
Leases Commitments [Abstract]
Schedule of supplemental balance sheet information related to leases [Table Text Block]	The following amounts were recorded in the consolidated balance sheets at March 30, 2019: March 30, 2019 Operating Leases Right-of-use asset $ 349,077 Lease liability - current 68,603 Lease liability - non-current 302,283 Total operating lease liabilities $ 370,886
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of operating lease liabilities at March 30, 2019 were as follows: March 30, 2019 2019 $ 75,827 2020 76,035 2021 59,166 2022 46,851 2023 37,177 Thereafter 160,022 Total lease payments 455,078 Less imputed interest (84,192 ) Total $ 370,886
Supplemental Cash Flow and Operating Lease Information [Table Text Block]	Other information pertaining to leases consists of the following: March 30, 2019 Supplemental Cash Flow Information Cash paid for amounts included in the measurement of operating lease liabilities: $ 37,513 Right-of-use assets obtained in exchange for operating lease obligations: 35,573 Operating Lease Term and Discount Rate Weighted average remaining lease term in years 8 Weighted average discount rate 5.2 %

Shareholders' Equity Components

Shareholders' Equity Components of Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 30, 2019
Changes in Components of Accumulated Other Comprehensive Income [Abstract]
Components of Accumulated Other Comprehensive Income [Table Text Block]	The following table presents the changes in Accumulated other comprehensive income (loss), excluding noncontrolling interests: Quarter Ended March 30, March 31, Foreign Currency Translation Adjustment and Other: Other comprehensive income before reclassifications (a) $ 5,276 $ 46,400 Amounts reclassified into income (186 ) (1,178 ) Unrealized Gain (Loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net: Other comprehensive income before reclassifications 6,592 — Amounts reclassified into income (1,059 ) — Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net: Amounts reclassified into income 240 228 Employee Benefit Plan Items, Net: Amounts reclassified into income 319 282 Other: Retained earnings adjustment (b) — (22,354 ) Net change in Accumulated other comprehensive income (loss) $ 11,182 $ 23,378 (a) Includes intra-entity foreign currency transactions that are of a long-term investment nature of $9,859 and $(11,924) for the first quarter of 2019 and 2018 , respectively. (b) Amounts relate to unrealized gains and losses on investments and stranded tax effects reclassified from "Accumulated other comprehensive income" to "Retained earnings" in accordance with ASU No. 2018-02 and ASU No. 2016-01.
Share-Repurchase Programs [Table Text Block]	The following table shows the company's Board of Directors (the "Board") approved share-repurchase programs as of March 30, 2019 : Month of Board Approval Dollar Value Approved for Repurchase Dollar Value of Shares Repurchased Approximate Dollar Value of Shares that May Yet be Purchased Under the Program December 2016 $ 400,000 $ 311,395 $ 88,605 December 2018 600,000 — 600,000 Total $ 1,000,000 $ 311,395 $ 688,605

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 30, 2019
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Text Block]	Sales, by segment by geographic area, are as follows: Quarter Ended March 30, March 31, Components: Americas $ 1,907,029 $ 1,796,698 EMEA (a) 1,503,366 1,478,386 Asia/Pacific 1,781,532 1,654,848 Global components $ 5,191,927 $ 4,929,932 ECS: Americas $ 1,200,907 $ 1,195,411 EMEA (a) 763,157 750,270 Global ECS $ 1,964,064 $ 1,945,681 Consolidated (b) $ 7,155,991 $ 6,875,613 (a) Defined as Europe, the Middle East, and Africa. (b) Includes sales related to the United States of $2,782,035 and $2,649,668 for the first quarter of 2019 and 2018 , respectively. Operating income (loss), by segment, are as follows: Quarter Ended March 30, March 31, Operating income (loss): Global components $ 234,532 $ 229,546 Global ECS 86,718 83,806 Corporate (c) (75,690 ) (77,357 ) Consolidated $ 245,560 $ 235,995 (c) Includes restructuring, integration, and other charges of $11,660 and $21,171 for the first quarter of 2019 and 2018 , respectively. Also included in the first quarter of 2019 and 2018 was a net loss on the disposition of businesses of $866 and $1,562
Reconciliation of Assets from Segment to Consolidated [Text Block]	Total assets, by segment, is as follows: March 30, December 31, Global components $ 11,479,107 $ 11,425,579 Global ECS 4,567,305 5,632,102 Corporate 784,340 726,764 Consolidated $ 16,830,752 $ 17,784,445
Disclosure on Geographic Areas, Long-Lived Assets	Net property, plant, and equipment, by geographic area, is as follows: March 30, December 31, Americas (d) $ 659,608 $ 673,228 EMEA 119,105 110,996 Asia/Pacific 40,891 40,476 Consolidated $ 819,604 $ 824,700 (d) Includes net property, plant, and equipment related to the United States of $656,736 and $670,201 at March 30, 2019 and December 31, 2018

Acquisitions (Details)

Acquisitions (Details) $ / shares in Units, $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 30, 2019USD ($)$ / shares	Mar. 31, 2018USD ($)Acquisitions$ / shares	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 0	$ 331,467
Net income attributable to shareholders		$ 140,735	$ 139,094
Basic | $ / shares		$ 1.65	$ 1.58
Diluted | $ / shares	[1]	$ 1.63	$ 1.56
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	[2]	$ 2,632,451		$ 2,624,690
Customer Relationships [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		11 years	11 years
Other Intangible Assets [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		9 years	9 years
e-Infochips [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross				327,628
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables				13,670
Payments to Acquire Businesses, Net of Cash Acquired				312,859
Cash Acquired from Acquisition				14,769
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory				1,512
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment				3,485
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other				46,488
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, identifiable intangible assets				128,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net				197,126
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable				(520)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Expenses				(33,836)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities				(41,474)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other				(1,592)
e-Infochips [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, identifiable intangible assets				109,000
Finite-Lived Intangible Assets, Useful Life			15 years
e-Infochips [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, identifiable intangible assets				19,000
Finite-Lived Intangible Assets, Useful Life			10 years
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Number of Businesses Acquired | Acquisitions			1
Payments to Acquire Businesses, Net of Cash Acquired				$ 18,704
[1]	Stock-based compensation awards for the issuance of 903 and 415 shares for the first quarter of 2019 and 2018
[2]	The total carrying value of goodwill as of March 30, 2019 and December 31, 2018 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 2,624,690	[1]
Dispositions and related adjustments	(1,386)
Foreign currency translation adjustment	9,147
Goodwill, Ending Balance	2,632,451	[1]
Goodwill, Impaired, Accumulated Impairment Loss	1,018,780
Global Components [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	1,437,501	[1]
Dispositions and related adjustments	0
Foreign currency translation adjustment	15,869
Goodwill, Ending Balance	1,453,370	[1]
Goodwill, Impaired, Accumulated Impairment Loss	716,925
Global ECS [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	1,187,189	[1]
Dispositions and related adjustments	(1,386)
Foreign currency translation adjustment	(6,722)
Goodwill, Ending Balance	1,179,081	[1]
Goodwill, Impaired, Accumulated Impairment Loss	$ 301,855
[1]	The total carrying value of goodwill as of March 30, 2019 and December 31, 2018 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855

Goodwill - Intangibles (Details

Goodwill - Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 610,831		$ 602,330
Accumulated Amortization	(241,540)		(229,686)
Net	369,291		372,644
Amortization of Intangible Assets	$ 11,930	$ 13,520
Customer Relationships [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted-Average Life	11 years	11 years
Gross Carrying Amount	$ 482,084		475,050
Accumulated Amortization	(232,649)		(221,822)
Net	$ 249,435		253,228
Developed Technology [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted-Average Life	5 years	5 years
Gross Carrying Amount	$ 6,340		6,340
Accumulated Amortization	(4,596)		(4,311)
Net	$ 1,744		2,029
Amortizable Trade Name [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted-Average Life	9 years	9 years
Gross Carrying Amount	$ 21,407		19,940
Accumulated Amortization	(4,295)		(3,553)
Net	17,112		16,387
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	101,000		101,000
Accumulated Amortization	0		0
Net	$ 101,000		$ 101,000

Investments in Affiliated Com_3

Investments in Affiliated Companies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments in affiliated companies	$ 85,296		$ 83,693
Equity in earnings (losses) of affiliated companies	(1,467)	$ (673)
Equity Method Investment Pro Rata Share of Debt Obligations of Joint Venture	6,100		2,860
Marubun Arrow [Member]
Schedule of Equity Method Investments [Line Items]
Investments in affiliated companies	75,107		73,253
Equity in earnings (losses) of affiliated companies	$ 1,226	1,091
Equity Method Investment, Ownership Percentage	50.00%
Other joint ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investments in affiliated companies	$ 10,189		$ 10,440
Equity in earnings (losses) of affiliated companies	$ (2,693)	$ (1,764)
Equity Method Investment, Ownership Percentage, Maximum	50.00%
Equity Method Investment, Ownership Percentage, Minimum	19.00%

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 7,962,977	$ 9,021,051
Allowances for doubtful accounts	(60,461)	(75,588)
Accounts receivable, net	$ 7,902,516	$ 8,945,463

Debt - ST Debt (Details)

Debt - ST Debt (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Debt, Current	$ 138,686	$ 246,257
Line of Credit [Member]
Short-term Debt [Line Items]
Debt, Current	0	$ 180,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Short-term Debt, Weighted Average Interest Rate, at Point in Time	3.49%	3.39%
Commercial Paper [Member]
Short-term Debt [Line Items]
Debt, Current	$ 74,836	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,200,000
Short-term Debt, Weighted Average Interest Rate, at Point in Time	2.98%	2.93%
Short-term borrowings in various countries [Member]
Short-term Debt [Line Items]
Debt, Current	$ 63,850	$ 66,257
Short-term Debt, Weighted Average Interest Rate, at Point in Time	2.96%	2.49%
3.00% notes, due 2018 [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount	$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%

Debt - LT Debt (Details)

Debt - LT Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 3,575,891		$ 3,239,115
Accounts receivable, net	7,902,516		8,945,463
Investment Income, Interest and Dividend	14,045	$ 9,255
Revolving Credit Facility due in 2021 [Member]
Debt Instrument [Line Items]
Long-term debt	55,000		0
Maximum Borrowing Capacity	$ 2,000,000
Debt Instrument, Interest Rate, Effective Percentage	3.56%
Debt Instrument, Basis Spread on Variable Rate	1.18%
Line of Credit Facility, Commitment Fee Percentage	0.20%
Asset securitization program [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,090,000		810,000
Maximum Borrowing Capacity	$ 1,200,000
Debt Instrument, Interest Rate, Effective Percentage	2.94%
Debt Instrument, Basis Spread on Variable Rate	0.40%
Line of Credit Facility, Commitment Fee Percentage	0.40%
Accounts receivable, net	$ 2,436,800		2,754,400
6.00% notes, due 2020 [Member]
Debt Instrument [Line Items]
Long-term debt	209,191		209,147
Debt Instrument, Fair Value Disclosure	$ 214,500		214,500
Debt Instrument, Interest Rate, Stated Percentage	6.00%
5.125% notes, due 2021 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 130,582		130,546
Debt Instrument, Fair Value Disclosure	$ 135,500		134,500
Debt Instrument, Interest Rate, Stated Percentage	5.125%
3.50% notes, due 2022 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 347,485		347,288
Debt Instrument, Fair Value Disclosure	$ 353,000		345,000
Debt Instrument, Interest Rate, Stated Percentage	3.50%
4.50% notes, due 2023 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 297,751		297,622
Debt Instrument, Fair Value Disclosure	$ 311,500		303,500
Debt Instrument, Interest Rate, Stated Percentage	4.50%
3.25% notes, due 2024 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 494,327		494,091
Debt Instrument, Fair Value Disclosure	$ 484,500		467,000
Debt Instrument, Interest Rate, Stated Percentage	3.25%
4.00% notes, due 2025 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 345,911		345,762
Debt Instrument, Fair Value Disclosure	$ 351,000		340,500
Debt Instrument, Interest Rate, Stated Percentage	4.00%
7.5% senior debentures, due 2027 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 109,796		109,776
Debt Instrument, Fair Value Disclosure	$ 130,000		128,000
Debt Instrument, Interest Rate, Stated Percentage	7.50%
3.875% notes, due 2028 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 494,231		494,095
Debt Instrument, Fair Value Disclosure	$ 484,000		458,500
Debt Instrument, Interest Rate, Stated Percentage	3.875%
Other obligations with various interest rates and due dates [Member]
Debt Instrument [Line Items]
Other Notes Payable, Noncurrent	$ 1,617		$ 788

Financial Instruments Measure_3

Financial Instruments Measured at Fair Value - Fair Value Hierarchy (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized Gain on Securities		$ 1,824
Unrealized Loss on Securities		2,579
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents		21,738	$ 22,883
Equity investments		42,753	38,045
Interest rate swaps- liability		(557)	(589)
Foreign exchange contracts - asset		12,925	4,163
Foreign exchange contracts - liability		(998)	(2,384)
Total Fair Value Assets And Liabilities Measured On Recurring Basis		75,861	62,118
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	[1]	21,738	22,883
Equity investments	[2]	42,753	38,045
Interest rate swaps- liability		0	0
Foreign exchange contracts - asset		0	0
Foreign exchange contracts - liability		0	0
Total Fair Value Assets And Liabilities Measured On Recurring Basis		64,491	60,928
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents		0	0
Equity investments		0	0
Interest rate swaps- liability		(557)	(589)
Foreign exchange contracts - asset		12,925	4,163
Foreign exchange contracts - liability		(998)	(2,384)
Total Fair Value Assets And Liabilities Measured On Recurring Basis		11,370	1,190
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents		0	0
Equity investments		0	0
Interest rate swaps- liability		0	0
Foreign exchange contracts - asset		0	0
Foreign exchange contracts - liability		0	0
Total Fair Value Assets And Liabilities Measured On Recurring Basis		$ 0	$ 0
Marubun [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment Ownership Percentage		8.40%
[1]	Cash equivalents include highly liquid investments with an original maturity of less than three months.
[2]	The company has an 8.4% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. The company recorded an unrealized gain of $1,824 and an unrealized loss of $2,579 for the first quarter of 2019 and 2018

Financial Instruments Measure_4

Financial Instruments Measured at Fair Value - Derivatives (Details) € in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 30, 2019EUR (€)Rate	Mar. 30, 2019USD ($)Rate	Dec. 31, 2018USD ($)
Derivatives, Fair Value [Line Items]
Notional Amount of Derivative Contracts				$ 867,361	$ 607,747
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 3,170	$ (6,045)
Interest rate swaps designated as fair value hedges [Member] | Notes Due in 2020 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Description of Variable Rate Basis	6 mo. USD LIBOR +
Notional Amount of Derivative Contracts				$ 50,000
Derivative, Fixed Interest Rate			6.00%	6.00%
Derivative, Variable Interest Rate | Rate			3.896%	3.896%
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ (319)	(303)
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	3,489	(5,742)
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	5,953	$ (1,078)
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	6,592
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	$ 1,406
Maturity March 2023 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Derivative Contracts | €			€ 50,000
Maturity September 2024 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Derivative Contracts | €			50,000
Maturity April 2025 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Derivative Contracts | €			100,000
Maturity January 2028 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Derivative Contracts | €			100,000
All Maturities [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Derivative Contracts | €			€ 300,000

Restructuring, Integration, a_3

Restructuring, Integration, and Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring, integration, and other charges	$ 11,660	$ 21,171
Other charges	8,714	8,390
Acquisition-related charges	1,022	6,154
Relocation and other centralization charges	5,559
Restructuring Charges From Current Period [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	3,007	11,432
Restructuring Charges From Prior Periods [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	$ (61)	$ 1,349

Restructuring, Integration, a_4

Restructuring, Integration, and Other Charges - Accrual (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Restructuring Reserve [Roll Forward]
Restructuring Reserve	$ 25,829
Restructuring Reserve, Accrual Transition Adjustment	(9,968)
Payments for restructuring and integration	(6,735)
Restructuring Reserve	$ 10,802
Number of Years for the Accrual to Be Spent	1 year
Restructuring Charges From Current Period [Member]
Restructuring Reserve [Roll Forward]
Restructuring and integration charges	$ 3,007	$ 11,432
Restructuring Charges From Prior Periods [Member]
Restructuring Reserve [Roll Forward]
Restructuring and integration charges	$ (61)	$ 1,349

Net Income per Share (Details)

Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 30, 2019	Mar. 31, 2018
Earnings Per Share, Diluted [Line Items]
Net income attributable to shareholders		$ 140,735	$ 139,094
Weighted-average shares outstanding - basic		85,400	87,955
Net effect of various dilutive stock-based compensation awards		919	1,080
Weighted-average shares outstanding - diluted		86,319	89,035
Net income per share:
Basic		$ 1.65	$ 1.58
Diluted	[1]	$ 1.63	$ 1.56
Stock Compensation Plan [Member]
Net income per share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		903	415
[1]	Stock-based compensation awards for the issuance of 903 and 415 shares for the first quarter of 2019 and 2018

Lease Costs (Details)

Lease Costs (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Lease, Cost [Abstract]
Lease Expiration Date	Mar. 31, 2033
Operating Lease, Cost	$ 26,726
Cash paid for amounts included in the measurement of operating lease liabilities	37,513
Right-of-use assets obtained in exchange for operating lease obligations	$ 35,573
Weighted average remaining lease term in years	8 years
Weighted average discount rate	5.20%

Operating leases (Details)

Operating leases (Details) $ in Thousands	Mar. 30, 2019USD ($)
Leases Commitments [Abstract]
Right of use asset	$ 349,077
Lease Liability - Current	68,603
Lease Liability - Non-Current	302,283
Total operating lease liabilities	$ 370,886

Maturities of operating lease l

Maturities of operating lease liabilities (Details) $ in Thousands	Mar. 30, 2019USD ($)
Leases [Abstract]
2019	$ 75,827
2020	76,035
2021	59,166
2022	46,851
2023	37,177
Thereafter	160,022
Total Lease Payments	455,078
Less imputed interest	(84,192)
Total	$ 370,886

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 30, 2019	Mar. 31, 2018
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment and Other		$ 4,442	$ 44,969
Derivatives used in Net Investment Hedge, Net of Tax, Period Increase (Decrease)		5,533	0
Other Comprehensive Income, Unrealized Gain on Derivatives Arising During Period, Net		240	228
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax		(319)	(282)
Cumulative Effect on Retained Earnings, Net of Tax			0
Net change in Accumulated other comprehensive income (loss)		11,182	23,378
Other comprehensive income before reclassifications [Member]
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment and Other	[1]	5,276	46,400
Derivatives used in Net Investment Hedge, Net of Tax, Period Increase (Decrease)		6,592	0
Other comprehensive income before reclassifications [Member] | Intra-entity foreign currency transactions [Member]
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment and Other		9,859	(11,924)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Changes In Components Of OCI [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment and Other		(186)	(1,178)
Derivatives used in Net Investment Hedge, Net of Tax, Period Increase (Decrease)		(1,059)	0
Other Comprehensive Income, Unrealized Gain on Derivatives Arising During Period, Net		240	228
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax		319	282
Cumulative impact of newly adopted accounting standard updates [Member]
Changes In Components Of OCI [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax	[2]	$ 0	$ (22,354)
[1]	Includes intra-entity foreign currency transactions that are of a long-term investment nature of $9,859 and $(11,924) for the first quarter of 2019 and 2018
[2]	Amounts relate to unrealized gains and losses on investments and stranded tax effects reclassified from "Accumulated other comprehensive income" to "Retained earnings" in accordance with ASU No. 2018-02 and ASU No. 2016-01.

Shareholders' Equity Share-Repu

Shareholders' Equity Share-Repurchase Programs (Details) $ in Thousands	Mar. 30, 2019USD ($)
Share-Repurchase Programs [Line Items]
Stock Repurchase Program, Authorized Amount	$ 1,000,000
Stock Repurchase Program, Dollar Value of Shares Repurchased	311,395
Stock Repurchase Program, Remaining Authorized Repurchase Amount	688,605
Shares Approved December 2016 [Member]
Share-Repurchase Programs [Line Items]
Stock Repurchase Program, Authorized Amount	400,000
Stock Repurchase Program, Dollar Value of Shares Repurchased	311,395
Stock Repurchase Program, Remaining Authorized Repurchase Amount	88,605
Shares Approved December 2018 [Member]
Share-Repurchase Programs [Line Items]
Stock Repurchase Program, Authorized Amount	600,000
Stock Repurchase Program, Dollar Value of Shares Repurchased	0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 600,000

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2012
Site Contingency [Line Items]
Litigation Settlement, Amount		$ 110,000
Environmental Costs Recovered	$ 37,000
Huntsville Site [Member]
Site Contingency [Line Items]
Environmental Remediation Expense To Date	6,300
Additional Expected Project Expenditures Low Estimate	4,100
Additional Expected Project Expenditures High Estimate	10,000
Norco Site [Member] | Remediation, Project Management, Regulatory Oversight, and Investigative and Feasability Studies [Member]
Site Contingency [Line Items]
Environmental Remediation Expense To Date	71,100
Additional Expected Project Expenditures Low Estimate	10,800
Additional Expected Project Expenditures High Estimate	$ 21,500

Segment and Geographic Inform_3

Segment and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Sales:
Sales	[1]	$ 7,155,991	$ 6,875,613
Operating income (loss):
Operating income		245,560	235,995
Restructuring, integration, and other charges		11,660	21,171
Loss on disposition of businesses, net		866	1,562
Assets		16,830,752		$ 17,784,445
Global Components [Member]
Sales:
Sales		5,191,927	4,929,932
Operating income (loss):
Operating income		234,532	229,546
Assets		11,479,107		11,425,579
Global ECS [Member]
Sales:
Sales		1,964,064	1,945,681
Operating income (loss):
Operating income		86,718	83,806
Assets		4,567,305		5,632,102
Corporate Segment [Member]
Operating income (loss):
Operating income	[2]	(75,690)	$ (77,357)
Assets		$ 784,340		$ 726,764
[1]	Includes sales related to the United States of $2,782,035 and $2,649,668 for the first quarter of 2019 and 2018 , respectively.
[2]	Includes restructuring, integration, and other charges of $11,660 and $21,171 for the first quarter of 2019 and 2018 , respectively. Also included in the first quarter of 2019 and 2018 was a net loss on the disposition of businesses of $866 and $1,562

Segment and Geographic Inform_4

Segment and Geographic Information - Geographic Sales & PP&E (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Revenues From External Customers And Long Lived Assets [Line Items]
Sales	[1]	$ 7,155,991	$ 6,875,613
Property, plant, and equipment, net		819,604		$ 824,700
Americas [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant, and equipment, net	[2]	659,608		673,228
EMEA [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant, and equipment, net		119,105		110,996
Asia Pacific [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant, and equipment, net		40,891		40,476
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		2,782,035	2,649,668
Property, plant, and equipment, net		656,736		$ 670,201
Global Components [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		5,191,927	4,929,932
Global Components [Member] | Americas [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		1,907,029	1,796,698
Global Components [Member] | EMEA [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales	[3]	1,503,366	1,478,386
Global Components [Member] | Asia Pacific [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		1,781,532	1,654,848
Global ECS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		1,964,064	1,945,681
Global ECS [Member] | Americas [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales		1,200,907	1,195,411
Global ECS [Member] | EMEA [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales	[3]	$ 763,157	$ 750,270
[1]	Includes sales related to the United States of $2,782,035 and $2,649,668 for the first quarter of 2019 and 2018 , respectively.
[2]	Includes net property, plant, and equipment related to the United States of $656,736 and $670,201 at March 30, 2019 and December 31, 2018
[3]	Defined as Europe, the Middle East, and Africa.