Arrow Electronics (ARW) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover Document

Cover Document - shares	3 Months Ended
	Apr. 02, 2022	Apr. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly report	true
Document Period End Date	Apr. 2, 2022
Document Transition Report	false
Entity File Number	1-4482
Entity Registrant Name	ARROW ELECTRONICS INC
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-1806155
Entity Address, Address Line One	9201 East Dry Creek Road
Entity Address, Postal Zip Code	80112
Entity Address, City or Town	Centennial
Entity Address, State or Province	CO
City Area Code	(303)
Local Phone Number	824-4000
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	ARW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		66,036,987
Entity Central Index Key	0000007536
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021
Sales		$ 9,074,125	$ 8,385,919
Cost of sales		7,866,621	7,455,809
Gross profit		1,207,504	930,110
Operating expenses:
Selling, general, and administrative expenses		643,925	574,567
Depreciation and amortization		48,305	50,331
Restructuring, integration, and other charges		4,898	5,709
Total operating expenses		697,128	630,607
Operating income		510,376	299,503
Equity in earnings of affiliated companies		843	844
Gain on investments, net		2,011	2,793
Employee benefit plan expense, net		(889)	(1,230)
Interest and other financing expense, net		(33,985)	(33,656)
Income before income taxes		478,356	268,254
Provision for income taxes		112,360	61,026
Consolidated net income		365,996	207,228
Noncontrolling interests		1,247	907
Net income attributable to shareholders		$ 364,749	$ 206,321
Net income per share:
Basic		$ 5.38	$ 2.76
Diluted	[1]	$ 5.31	$ 2.72
Weighted-average shares outstanding:
Basic		67,840	74,882
Diluted		68,749	75,794
[1]	Stock-based compensation awards for the issuance of 86 and 103 shares for the first quarter of 2022 and 2021, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Consolidated net income	$ 365,996	$ 207,228
Other comprehensive loss:
Foreign currency translation adjustment and other, net of taxes	(49,910)	(61,921)
Unrealized gain (loss) on foreign exchange contracts designated as net investment hedges, net of taxes	(575)	5,306
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes	8,205	36,352
Employee benefit plan items, net of taxes	99	(166)
Other comprehensive loss	(42,181)	(20,429)
Comprehensive income	323,815	186,799
Less: Comprehensive income (loss) attributable to non-controlling interests	378	(946)
Comprehensive income attributable to shareholders	$ 323,437	$ 187,745

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Apr. 02, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents		$ 242,791	$ 222,194
Accounts receivable, net		10,621,942	11,123,946
Inventories		4,645,116	4,201,965
Other current assets		431,635	345,218
Total current assets		15,941,484	15,893,323
Property, plant, and equipment, at cost:
Land		5,691	5,736
Buildings and improvements		185,000	186,097
Machinery and equipment		1,533,688	1,523,919
Property, plant, and equipment, gross		1,724,379	1,715,752
Less: Accumulated depreciation and amortization		(1,066,180)	(1,032,941)
Property, plant, and equipment, net		658,199	682,811
Investments in affiliated companies		65,239	63,695
Intangible assets, net		185,753	195,029
Goodwill	[1]	2,067,249	2,080,371
Other assets		594,929	620,311
Total assets		19,512,853	19,535,540
LIABILITIES AND EQUITY
Accounts payable		9,110,391	9,617,084
Accrued expenses		1,243,853	1,326,386
Short-term borrowings, including current portion of long-term debt		317,399	382,619
Total current liabilities		10,671,643	11,326,089
Long-term debt		2,790,819	2,244,443
Other liabilities		621,508	624,162
Commitments and contingencies (Note J)
Equity:
Issued - 125,424 shares in both 2022 and 2021		125,424	125,424
Capital in excess of par value		1,186,595	1,189,845
Treasury stock (58,987 and 57,358 shares in 2022 and 2021, respectively), at cost		(3,861,793)	(3,629,265)
Retained earnings		8,152,697	7,787,948
Accumulated other comprehensive loss		(232,969)	(191,657)
Total shareholders’ equity		5,369,954	5,282,295
Noncontrolling interests		58,929	58,551
Total equity		5,428,883	5,340,846
Total liabilities and equity		$ 19,512,853	$ 19,535,540
[1]	The total carrying value of goodwill as of April 2, 2022 and December 31, 2021 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global enterprise computing solutions ("ECS") business segment.

CONSOLIDATED BALANCE SHEETS Par

CONSOLIDATED BALANCE SHEETS Parenthetical - $ / shares shares in Thousands	Apr. 02, 2022	Dec. 31, 2021
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	160,000	160,000
Common stock, shares issued	125,424	125,424
Treasury stock, shares at cost	58,987	57,358

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Cash flows from operating activities:
Consolidated net income	$ 365,996	$ 207,228
Adjustments to reconcile consolidated net income to net cash used for operations:
Depreciation and amortization	48,305	50,331
Amortization of stock-based compensation	17,351	13,223
Equity in earnings of affiliated companies	(843)	(844)
Deferred income taxes	1,352	13,663
Gain on investments, net	(2,011)	(2,793)
Other	686	1,374
Change in assets and liabilities:
Accounts receivable, net	430,710	596,777
Inventories	(460,902)	(13,147)
Accounts payable	(477,825)	(840,124)
Accrued expenses	(43,641)	3,643
Other assets and liabilities	(79,426)	(33,867)
Net cash used for operating activities	(200,248)	(4,536)
Cash flows from investing activities:
Acquisition of property, plant, and equipment	(19,270)	(20,180)
Proceeds from sale of property, plant, and equipment	0	22,171
Proceeds from collections of notes receivable	20,169	0
Net cash provided by investing activities	899	1,991
Cash flows from financing activities:
Change in short-term and other borrowings	(14,293)	(12,452)
Proceeds from long-term bank borrowings, net	845,000	154,674
Redemption of notes	(350,000)	(130,860)
Proceeds from exercise of stock options	11,302	26,091
Repurchases of common stock	(264,431)	(160,619)
Net cash provided by (used for) financing activities	227,578	(123,166)
Effect of exchange rate changes on cash	(7,632)	(20,203)
Net increase (decrease) in cash and cash equivalents	20,597	(145,914)
Cash and cash equivalents at beginning of period	222,194	373,615
Cash and cash equivalents at end of period	$ 242,791	$ 227,701

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 Loss	Noncontrolling Interest
Balance at Dec. 31, 2020	$ 5,148,952	$ 125,424	$ 1,165,850	$ (2,776,821)	$ 6,679,751	$ (104,885)	$ 59,633
Consolidated net income	207,228	0	0	0	206,321	0	907
Other comprehensive loss	(20,429)	0	0	0	0	(18,576)	(1,853)
Amortization of stock-based compensation	13,223	0	13,223	0	0	0	0
Shares issued for stock-based compensation awards	26,091	0	(12,519)	38,610	0	0	0
Repurchases of common stock	(160,619)	0	0	(160,619)	0	0	0
Balance at Apr. 03, 2021	5,214,446	125,424	1,166,554	(2,898,830)	6,886,072	(123,461)	58,687
Balance at Dec. 31, 2021	5,340,846	125,424	1,189,845	(3,629,265)	7,787,948	(191,657)	58,551
Consolidated net income	365,996	0	0	0	364,749	0	1,247
Other comprehensive loss	(42,181)	0	0	0	0	(41,312)	(869)
Amortization of stock-based compensation	17,351	0	17,351	0	0	0	0
Shares issued for stock-based compensation awards	11,302	0	(20,601)	31,903	0	0	0
Repurchases of common stock	(264,431)	0	0	(264,431)	0	0	0
Balance at Apr. 02, 2022	$ 5,428,883	$ 125,424	$ 1,186,595	$ (3,861,793)	$ 8,152,697	$ (232,969)	$ 58,929

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 02, 2022
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 ("GAAP") 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, 2021, 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, except for the fourth quarter, which closes on December 31, 2022.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 02, 2022
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 Global ECS Total Balance as of December 31, 2021 (a) $ 882,948 $ 1,197,423 $ 2,080,371 Foreign currency translation adjustment (4,089) (9,033) (13,122) Balance as of April 2, 2022 (a) $ 878,859 $ 1,188,390 $ 2,067,249 (a) The total carrying value of goodwill as of April 2, 2022 and December 31, 2021 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 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 April 2, 2022: Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 305,988 $ (163,461) $ 142,527 Amortizable trade name 74,000 (30,774) 43,226 $ 379,988 $ (194,235) $ 185,753 Intangible assets, net, are comprised of the following as of December 31, 2021: Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 322,335 $ (173,123) $ 149,212 Amortizable trade name 74,049 (28,232) 45,817 $ 396,384 $ (201,355) $ 195,029 During the first quarter of 2022 and 2021, the company recorded amortization expense related to identifiable intangible assets of $9,018 and $9,326, respectively.

Investments in Affiliated Compa

Investments in Affiliated Companies	3 Months Ended
	Apr. 02, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Affiliated Companies	Investments in Affiliated Companies The company owns a 50% interest in each of the two joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and a 50% interest in one other joint venture. These investments are accounted for using the equity method. The following table presents the company’s investment in affiliated companies: April 2, December 31, Marubun/Arrow $ 54,179 $ 53,415 Other 11,060 10,280 $ 65,239 $ 63,695 The equity in earnings (losses) of affiliated companies consists of the following: Quarter Ended April 2, April 3, Marubun/Arrow $ 794 $ 857 Other 49 (13) $ 843 $ 844

Accounts Receivable

Accounts Receivable	3 Months Ended
	Apr. 02, 2022
Receivables [Abstract]
Accounts Receivable [Text Block]	Accounts Receivable Accounts receivable, net, consists of the following: April 2, December 31, Accounts receivable $ 10,709,125 $ 11,199,847 Allowances for doubtful accounts (87,183) (75,901) Accounts receivable, net $ 10,621,942 $ 11,123,946 Changes in the allowance for doubtful accounts consists of the following: Quarter Ended April 2, April 3, Balance at beginning of period $ 75,901 $ 92,792 Charged to income 13,768 1,137 Translation adjustments 190 (1,117) Writeoffs (2,676) (4,379) Balance at end of period $ 87,183 $ 88,433 The company has considered the current credit condition of its customers in estimating the expected credit losses and has not experienced significant changes in customers’ payment trends or significant deterioration in customers’ credit risk as of April 2, 2022. The global economic impact from COVID-19 may adversely affect the credit condition of some customers. The impact of COVID-19 on customers’ credit condition is highly uncertain and will largely depend on the outcome of future events, which could cause credit losses to increase. The company has an EMEA asset securitization program under which it continuously sells its interest in designated pools of trade accounts receivables of certain of its subsidiaries in Europe, the Middle East, and Africa ("EMEA"), at a discount, to a special purpose entity, which in turn sells certain of the receivables to unaffiliated financial institutions and conduits administered by such unaffiliated financial institutions ("unaffiliated financial institutions") on a monthly basis. The company may sell up to €400,000 under the EMEA asset securitization program, which matures in January 2023, subject to extension in accordance with its terms. The program is conducted through Arrow EMEA Funding Corp B.V., an entity structured to be bankruptcy remote. The company is deemed the primary beneficiary of Arrow EMEA Funding Corp B.V. as the company has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive the benefits that could potentially be significant to the entity from the transfer of the trade accounts receivables into the special purpose entity. Accordingly, Arrow EMEA Funding Corp B.V. is included in the company’s consolidated financial statements. Sales of accounts receivables to unaffiliated financial institutions under the EMEA asset securitization program: Quarter Ended April 2, April 3, EMEA asset securitization, sales of accounts receivables $ 569,216 $ 517,042 Receivables sold to unaffiliated financial institutions under the program are excluded from “Accounts receivable, net” on the company’s consolidated balance sheets and cash receipts are reflected as cash provided by operating activities on the consolidated statements of cash flows. The purchase price is paid in cash when the receivables are sold. Certain unsold receivables held by Arrow EMEA Funding Corp B.V. are pledged as collateral to unaffiliated financial institutions. These unsold receivables are included in “Accounts receivable, net” in the company’s consolidated balance sheets. The company continues servicing the receivables which were sold and in exchange receives a servicing fee under the program. The company does not record a servicing asset or liability on the company’s consolidated balance sheets as the company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities. Other amounts related to the EMEA asset securitization program: April 2, December 31, Receivables sold to unaffiliated financial institutions that were uncollected $ 443,209 $ 453,292 Collateralized accounts receivable held by Arrow EMEA funding Corp B.V. 877,218 745,965 Any accounts receivables held by Arrow EMEA Funding Corp B.V. would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings if there are outstanding balances under the EMEA asset securitization program. The assets of the special purpose entity cannot be used by the company for general corporate purposes. Additionally, the financial obligations of Arrow EMEA Funding Corp B.V. to the unaffiliated financial institution under the program are limited to the assets it owns and there is no recourse to Arrow Electronics, Inc. for receivables that are uncollectible as a result of the insolvency or inability to pay of the account debtors.

Debt

Debt	3 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
Debt [Text Block]	Debt Short-term borrowings, including current portion of long-term debt, consists of the following: April 2, December 31, 3.50% notes, due April 2022 $ — $ 349,779 4.50% notes, due March 2023 299,433 — Other short-term borrowings 17,966 32,840 $ 317,399 $ 382,619 Other short-term borrowings are primarily utilized to support working capital requirements. The weighted-average interest rate on these borrowings was 1.47% and 1.41% at April 2, 2022 and December 31, 2021, respectively. The company has $200,000 in uncommitted lines of credit. There were no outstanding borrowings under the uncommitted lines of credit at April 2, 2022 and December 31, 2021. These borrowings were provided on a short-term basis and the maturity is agreed upon between the company and the lender. The uncommitted lines of credit had a weighted-average effective interest rate of 1.46% and 1.50% at April 2, 2022 and December 31, 2021, 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. Amounts outstanding under the commercial paper program are backstopped by available commitments under the company’s revolving credit facility. The company had no outstanding borrowings under this program at April 2, 2022 and December 31, 2021. The commercial paper program had a weighted-average effective interest rate of .54% and .29% at April 2, 2022 and December 31, 2021, respectively. Long-term debt consists of the following: April 2, December 31, Revolving credit facility $ 45,000 $ — North American asset securitization program 800,000 — 4.50% notes, due 2023 — 299,283 3.25% notes, due 2024 497,322 497,060 4.00% notes, due 2025 347,827 347,657 7.50% senior debentures, due 2027 110,041 110,021 3.875% notes, due 2028 495,977 495,823 2.95% notes, due 2032 494,145 494,022 Other obligations with various interest rates and due dates 507 577 $ 2,790,819 $ 2,244,443 The 7.50% senior debentures are not redeemable prior to their maturity. All other notes may be called at the option of the company subject to “make whole” clauses. The estimated fair market value of long-term debt, using quoted market prices, is as follows: April 2, December 31, 4.50% notes, due 2023 $ — $ 309,000 3.25% notes, due 2024 499,500 522,000 4.00% notes, due 2025 354,000 374,000 7.50% senior debentures, due 2027 127,000 136,000 3.875% notes, due 2028 503,000 542,500 2.95% notes, due 2032 458,500 504,500 The carrying amount of the company’s other short-term borrowings, revolving credit facility, 4.50% notes due in 2023, North American asset securitization program, commercial paper, and other obligations approximate their fair value. The company has a $2,000,000 revolving credit facility maturing in September 2026. The facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness, acquisitions, and as support for the company's commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or a Eurocurrency rate plus a spread (1.08% at April 2, 2022), which is based on the company’s credit ratings, or an effective interest rate of 1.40% at April 2, 2022. The facility fee, which is based on the company’s credit ratings, was .175% of the total borrowing capacity at April 2, 2022. The company had $45,000 in outstanding borrowings under the revolving credit facility at April 2, 2022. There were no outstanding borrowings under the revolving credit facility at December 31, 2021. The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $1,250,000 under the program which matures in March 2024. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread (.45% at April 2, 2022), or an effective interest rate of .89% at April 2, 2022. The facility fee is .40% of the total borrowing capacity. The company had $800,000 in outstanding borrowings under the North American asset securitization program at April 2, 2022, which was included in “ Long-term debt” in the company’s consolidated balance sheets. There were no outstanding borrowings under the North American asset securitization program at December 31, 2021. Total collateralized accounts receivable of approximately $2,348,637 and $2,735,145 were held by AFC and were included in “ Accounts receivable, net” in the company’s consolidated balance sheets at April 2, 2022 and December 31, 2021, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings before repayment of any outstanding borrowings under the North American asset securitization program. Both the revolving credit facility and North American asset securitization program include terms and conditions that limit the incurrence of additional borrowings and require that certain financial ratios be maintained at designated levels. As of April 2, 2022, the company was in compliance with all such financial covenants. During February 2022, the company repaid $350,000 principal amount of its 3.50% notes due April 2022. During the fourth quarter of 2021, the company completed the sale of $500,000 principal amount of 2.95% notes due in February 2032. The net proceeds of the offering of $495,134 were used to repay the 3.50% notes due April 2022 and for general corporate purposes. During March 2021, the company repaid $130,860 principal amount of its 5.125% notes due March 2021. 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.

Financial Instruments Measured

Financial Instruments Measured at Fair Value	3 Months Ended
	Apr. 02, 2022
Fair Value Disclosures [Abstract]
Financial Instruments Measured At Fair Value [Text Block]	Financial Instruments Measured at Fair Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The fair value hierarchy has three levels of inputs that may be used to measure fair value: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. The following table presents assets measured at fair value on a recurring basis at April 2, 2022: Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents $ 7,720 $ — $ — $ 7,720 Equity investments (b) Other assets 52,267 — — 52,267 Interest rate swaps designated as cash flow hedges Other assets — 31,783 — 31,783 Foreign exchange contracts designated as net investment hedges Other assets/ other current assets — 42,055 — 42,055 $ 59,987 $ 73,838 $ — $ 133,825 The following table presents assets measured at fair value on a recurring basis at December 31, 2021: Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents/ $ 4,812 $ — $ — $ 4,812 Equity investments (b) Other assets 56,985 — — 56,985 Interest rate swaps designated as cash flow hedges Other assets — 21,831 — 21,831 Foreign exchange contracts designated as net investment hedges Other assets — 40,612 — 40,612 $ 61,797 $ 62,443 $ — $ 124,240 (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 (loss) of $(5,685) and $1,402 for the first quarter of 2022 and 2021, respectively, on equity securities held at the end of the quarter. Assets and liabilities that are measured at fair value on a nonrecurring basis relate primarily to goodwill and identifiable intangible assets (see Note B). The company tests these assets for impairment if indicators of potential impairment exist or at least annually if indefinite-lived. Derivative Instruments The company uses various financial instruments, including derivative instruments, for purposes other than trading. Certain derivative instruments are designated at inception as hedges and 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 manages the risk of variability in interest rates of future expected debt issuances by entering into various forward-starting interest rate swaps, designated as cash flow hedges. Changes in fair value of interest rate swaps are recorded in the shareholders’ equity section in the company’s consolidated balance sheets in “Accumulated other comprehensive loss” and will be reclassified into income over the life of the anticipated debt issuance or in the period the hedged forecasted cash flows are deemed no longer probable to occur. Gains and losses on interest rate swaps are recorded within the line item “Interest and other financing expense, net” in the consolidated statements of operations. The fair value of interest rate swaps is estimated using a discounted cash flow analysis on the expected cash flows of each derivative based on observable inputs, including interest rate curves and credit spreads. At April 2, 2022 and December 31, 2021, the company had the following outstanding interest rate swaps designated as cash flow hedges: Trade Date Maturity Date Notional Amount Weighted-Average Interest Rate Date Range of Forecasted Transaction April 2020 December 2024 $300,000 0.97% Jan 2023 - Dec 2025 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, Indian Rupee, Chinese Renminbi, and British Pound. The company enters into foreign exchange forward, option, or swap contracts (collectively, the “foreign exchange contracts”) to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and mitigate the impact of changes in foreign currency exchange rates related to these transactions. Foreign exchange contracts generally have terms of no more than six months. 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 is estimated using foreign currency spot rates and forward rates quotes by third-party financial institutions. The notional amount of the foreign exchange contracts inclusive of foreign exchange contracts designated as a net investment hedge at April 2, 2022 and December 31, 2021 was $1,228,684 and $1,125,997, 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. At April 2, 2022 and December 31, 2021 the following foreign exchange contracts were designated as net investment hedges: Maturity Date Notional Amount March 2023 € 50,000 September 2024 50,000 April 2025 100,000 January 2028 100,000 Total € 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 are 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 are included in “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: Income Statement Line Quarter Ended April 2, April 3, Gain (Loss) Recognized in Income Foreign exchange contracts, net investment hedge (a) Interest Expense $ 2,201 $ 2,201 Interest rate swaps, cash flow hedge Interest Expense (868) (351) Total $ 1,333 $ 1,850 Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax Foreign exchange contracts, net investment hedge (b) $ 1,094 $ 6,978 Interest rate swaps, cash flow hedge 7,547 36,085 Total $ 8,641 $ 43,063 (a) Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to Interest and other financing expenses, net. (b) Includes derivative losses of $5,009 and $5,091 for the first quarter of 2022 and 2021, respectively, which were excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income (loss), net of tax. Other The carrying amount of cash and cash equivalents, accounts receivable, net, and accounts payable approximate their fair value due to the short maturities of these financial instruments.

Restructuring, Integration, and

Restructuring, Integration, and Other Charges (Credits)	3 Months Ended
	Apr. 02, 2022
Restructuring Charges [Abstract]
Restructuring, Integration and Other Charges (Credits) [Text Block]	Restructuring, Integration, and Other Charges Restructuring initiatives and integration costs are due to the company's continued efforts to lower costs, drive operational efficiency, integrate any acquired businesses, and the consolidation of certain operations, as necessary. The following table presents the components of the restructuring, integration, and other charges: Quarter Ended April 2, April 3, Restructuring and integration charges - current period actions $ 2,725 $ 4,850 Restructuring and integration charges - actions taken in prior periods 1,332 1,400 Other charges (credits) 841 (541) $ 4,898 $ 5,709 Restructuring and Integration Accrual Summary The restructuring and integration accrual was $10,617 and $11,201 at April 2, 2022 and December 31, 2021, respectively. During the first quarter of 2022, the company made $6,955 of payments related to restructuring and integration accruals, and recorded $4,057 in restructuring and integration charges. The remaining changes to the accrual related to changes in foreign

Net Income (Loss) per Share

Net Income (Loss) per Share	3 Months Ended
	Apr. 02, 2022
Earnings Per Share [Abstract]
Net Income (Loss) 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 April 2, April 3, Net income attributable to shareholders $ 364,749 $ 206,321 Weighted-average shares outstanding - basic 67,840 74,882 Net effect of various dilutive stock-based compensation awards 909 912 Weighted-average shares outstanding - diluted 68,749 75,794 Net income per share: Basic $ 5.38 $ 2.76 Diluted (a) $ 5.31 $ 2.72 (a) Stock-based compensation awards for the issuance of 86 and 103 shares for the first quarter of 2022 and 2021, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Apr. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Note Disclosure [Text Block]	Shareholders’ Equity Accumulated Other Comprehensive Loss The following table presents the changes in Accumulated other comprehensive loss, excluding noncontrolling interests: Quarter Ended April 2, April 3, Foreign Currency Translation Adjustment and Other: Other comprehensive loss before reclassifications (a) $ (48,700) $ (59,548) Amounts reclassified into income (341) (520) Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net: Other comprehensive income before reclassifications 1,094 6,978 Amounts reclassified into income (1,669) (1,672) Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges, Net: Other comprehensive income before reclassifications 7,547 36,085 Amounts reclassified into income 658 267 Employee Benefit Plan Items, Net: Amounts reclassified into income 99 (166) Net change in Accumulated other comprehensive loss $ (41,312) $ (18,576) (a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(8,258) and $(2,597) for the first quarter of 2022 and 2021, respectively. Share-Repurchase Program The following table shows the company’s Board of Directors (the “Board”) approved share-repurchase programs as of April 2, 2022: Month of Board Approval Dollar Value Approved for Repurchase Dollar Value of Shares Repurchased Approximate July 2020 $ 600,000 $ 600,000 $ — July 2021 600,000 600,000 — December 2021 600,000 86,532 513,468 Total $ 1,800,000 $ 1,286,532 $ 513,468 The company repurchased 2,015 shares of common stock for $250,000 and 1,444 shares of common stock for $149,990 in the first quarter of 2022 and 2021, respectively, under the company's share-repurchase programs. As of April 2, 2022, approximately $513,468 remained available for repurchase under the program.

Contingencies

Contingencies	3 Months Ended
	Apr. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies [Text Block]	Contingencies Environmental Matters In connection with the purchase of Wyle Electronics ("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 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 $47,000 from certain insurance carriers relating to environmental clean-up matters at the Norco and Huntsville sites. The company filed suit against two insurers regarding liabilities arising out of operations at Huntsville and reached a confidential settlement with one of the insurers in 2020. The resolution of this matter against the remaining insurer 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. Health-risk evaluations and a Corrective Action Development Plan were approved by ADEM in 2018, opening the way for pilot testing of on-site remediation in late 2019. Pilot testing is currently underway. Approximately $7,800 was spent to date and the company currently anticipates no additional investigative and related expenditures. The cost of subsequent remediation at the site is estimated to be between $2,600 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 (“DTSC”) in connection with the Norco site. Subsequent to the decree, a Remedial Investigation Work Plan was approved by DTSC in April 2005, the required investigations were performed, and a final Remedial Investigation Report was submitted early in 2008. In 2008, a hydraulic containment system (“HCS”) was installed as an interim remedial measure to capture and treat groundwater before it moves into the adjacent off-site area. In September 2013, the DTSC approved the final Remedial Action Plan (“RAP”) for actions in five on-site areas and one off-site area. As of 2018, the remediation measures described in the RAP had been implemented and were being monitored. A Five Year Review (“FYR”) of the HCS submitted to DTSC in December 2016 found that while significant progress was made in on-site and off-site groundwater remediation, contaminants were not sufficiently reduced in a key off-site area identified in the RAP. This exception triggered the need for additional off-site remediation that began in 2018 and was completed in mid-2019. Routine progress monitoring of groundwater and soil gas continue on-site and off-site. Approximately $78,000 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 $3,000 to $17,000. 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 During the first quarter of 2021, the company received $4,311 in settlement funds in connection with claims filed against certain manufacturers of aluminum, tantalum, and film capacitors who allegedly colluded to fix the price of capacitors from 2001 through 2014. These amounts were recorded as a reduction to “Selling, general, and administrative expenses” in the company’s consolidated statements of operations. The company has related on-going disputes with other manufacturers and may receive additional funds in the future. The company is unable to estimate additional amounts that may be received in the future and as such has not recorded a receivable at this time. In 2019, the company determined that from 2015 to 2019 a limited number of non-executive employees, without first obtaining required authorization from the company or the United States government, had facilitated product shipments with an aggregate total invoiced value of approximately $4,770, to resellers for reexports to persons covered by the Iran Threat Reduction and Syria Human Rights Act of 2012 or other United States sanctions and export control laws. The company has voluntarily reported these activities to the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the United States Department of Commerce’s Bureau of Industry and Security (“BIS”), and conducted an internal investigation and terminated or disciplined the employees involved. BIS has closed its investigation and issued the company a warning letter without referring the matter for further proceedings. No penalties have been imposed by BIS. The company has cooperated fully and intends to continue to cooperate fully with OFAC with respect to its review, which may result in the imposition of penalties, which the company is currently not able to estimate. From time to time, in the normal course of business, the company may become liable with respect to other pending and threatened litigation, environmental, regulatory, labor, product, and tax matters. While such matters are subject to inherent uncertainties, it is not currently anticipated that any such matters will materially impact the company’s consolidated financial position, liquidity, or results of operations.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
Segment and Geographic Information [Text Block]	Segment and Geographic InformationThe 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 April 2, April 3, Components: Americas $ 2,340,543 $ 1,701,173 EMEA 1,927,003 1,568,602 Asia/Pacific 2,931,529 3,173,478 Global components $ 7,199,075 $ 6,443,253 ECS: Americas $ 1,047,849 $ 1,151,338 EMEA 827,201 791,328 Global ECS $ 1,875,050 $ 1,942,666 Consolidated $ 9,074,125 $ 8,385,919 Operating income (loss), by segment, are as follows: Quarter Ended April 2, April 3, Operating income (loss): Global components (a) $ 499,342 $ 289,383 Global ECS 85,798 77,359 Corporate (b) (74,764) (67,239) Consolidated $ 510,376 $ 299,503 (a) Global components operating income includes $4,311 related to proceeds from legal settlements for the first quarter of 2021 (Refer to Note J). (b) Corporate operating income includes restructuring, integration, and other charges of $4,898 and $5,709 for the first quarter of 2022 and 2021, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 02, 2022
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 ("GAAP") 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, 2021, 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, except for the fourth quarter, which closes on December 31, 2022.
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.
Fair Value of Debt Policy	The carrying amount of the company’s other short-term borrowings, revolving credit facility, 4.50% notes due in 2023, North American 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 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.

Debt (Policies)

Debt (Policies)	3 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
Fair Value of Debt Policy	The carrying amount of the company’s other short-term borrowings, revolving credit facility, 4.50% notes due in 2023, North American asset securitization program, commercial paper, and other obligations approximate their fair value.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill of companies acquired	Goodwill of companies acquired, allocated to the company’s business segments, is as follows: Global Global ECS Total Balance as of December 31, 2021 (a) $ 882,948 $ 1,197,423 $ 2,080,371 Foreign currency translation adjustment (4,089) (9,033) (13,122) Balance as of April 2, 2022 (a) $ 878,859 $ 1,188,390 $ 2,067,249 (a) The total carrying value of goodwill as of April 2, 2022 and December 31, 2021 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global enterprise computing solutions ("ECS") business segment.
Schedule of Intangible assets, net	Intangible assets, net, are comprised of the following as of April 2, 2022: Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 305,988 $ (163,461) $ 142,527 Amortizable trade name 74,000 (30,774) 43,226 $ 379,988 $ (194,235) $ 185,753 Intangible assets, net, are comprised of the following as of December 31, 2021: Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 322,335 $ (173,123) $ 149,212 Amortizable trade name 74,049 (28,232) 45,817 $ 396,384 $ (201,355) $ 195,029

Investments in Affiliated Com_2

Investments in Affiliated Companies (Tables)	3 Months Ended
	Apr. 02, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	The following table presents the company’s investment in affiliated companies: April 2, December 31, Marubun/Arrow $ 54,179 $ 53,415 Other 11,060 10,280 $ 65,239 $ 63,695
Equity in Earnings of Affiliated Companies	The equity in earnings (losses) of affiliated companies consists of the following: Quarter Ended April 2, April 3, Marubun/Arrow $ 794 $ 857 Other 49 (13) $ 843 $ 844

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Apr. 02, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]	Accounts receivable, net, consists of the following: April 2, December 31, Accounts receivable $ 10,709,125 $ 11,199,847 Allowances for doubtful accounts (87,183) (75,901) Accounts receivable, net $ 10,621,942 $ 11,123,946
Accounts Receivable, Allowance for Credit Loss	Changes in the allowance for doubtful accounts consists of the following: Quarter Ended April 2, April 3, Balance at beginning of period $ 75,901 $ 92,792 Charged to income 13,768 1,137 Translation adjustments 190 (1,117) Writeoffs (2,676) (4,379) Balance at end of period $ 87,183 $ 88,433
Transfer of Financial Assets Accounted for as Sales	Sales of accounts receivables to unaffiliated financial institutions under the EMEA asset securitization program: Quarter Ended April 2, April 3, EMEA asset securitization, sales of accounts receivables $ 569,216 $ 517,042
Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities	Other amounts related to the EMEA asset securitization program: April 2, December 31, Receivables sold to unaffiliated financial institutions that were uncollected $ 443,209 $ 453,292 Collateralized accounts receivable held by Arrow EMEA funding Corp B.V. 877,218 745,965

ST Debt (Tables)

ST Debt (Tables)	3 Months Ended
	Apr. 02, 2022
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: April 2, December 31, 3.50% notes, due April 2022 $ — $ 349,779 4.50% notes, due March 2023 299,433 — Other short-term borrowings 17,966 32,840 $ 317,399 $ 382,619

LT Debt (Tables)

LT Debt (Tables)	3 Months Ended
	Apr. 02, 2022
Schedule of Long-term Debt Instruments [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consists of the following: April 2, December 31, Revolving credit facility $ 45,000 $ — North American asset securitization program 800,000 — 4.50% notes, due 2023 — 299,283 3.25% notes, due 2024 497,322 497,060 4.00% notes, due 2025 347,827 347,657 7.50% senior debentures, due 2027 110,041 110,021 3.875% notes, due 2028 495,977 495,823 2.95% notes, due 2032 494,145 494,022 Other obligations with various interest rates and due dates 507 577 $ 2,790,819 $ 2,244,443
Schedule of Fair Value of Debt [Text Block]	The estimated fair market value of long-term debt, using quoted market prices, is as follows: April 2, December 31, 4.50% notes, due 2023 $ — $ 309,000 3.25% notes, due 2024 499,500 522,000 4.00% notes, due 2025 354,000 374,000 7.50% senior debentures, due 2027 127,000 136,000 3.875% notes, due 2028 503,000 542,500 2.95% notes, due 2032 458,500 504,500

Financial Instruments Measure_2

Financial Instruments Measured at Fair Value (Tables)	3 Months Ended
	Apr. 02, 2022
Fair Value Disclosures
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis Table [Text Block]	The following table presents assets measured at fair value on a recurring basis at April 2, 2022: Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents $ 7,720 $ — $ — $ 7,720 Equity investments (b) Other assets 52,267 — — 52,267 Interest rate swaps designated as cash flow hedges Other assets — 31,783 — 31,783 Foreign exchange contracts designated as net investment hedges Other assets/ other current assets — 42,055 — 42,055 $ 59,987 $ 73,838 $ — $ 133,825 The following table presents assets measured at fair value on a recurring basis at December 31, 2021: Balance Sheet Level 1 Level 2 Level 3 Total Cash equivalents (a) Cash and cash equivalents/ $ 4,812 $ — $ — $ 4,812 Equity investments (b) Other assets 56,985 — — 56,985 Interest rate swaps designated as cash flow hedges Other assets — 21,831 — 21,831 Foreign exchange contracts designated as net investment hedges Other assets — 40,612 — 40,612 $ 61,797 $ 62,443 $ — $ 124,240 (a) Cash equivalents include highly liquid investments with an original maturity of less than three months.
Description of Derivative Hedging Instruments	At April 2, 2022 and December 31, 2021, the company had the following outstanding interest rate swaps designated as cash flow hedges: Trade Date Maturity Date Notional Amount Weighted-Average Interest Rate Date Range of Forecasted Transaction April 2020 December 2024 $300,000 0.97% Jan 2023 - Dec 2025
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: Income Statement Line Quarter Ended April 2, April 3, Gain (Loss) Recognized in Income Foreign exchange contracts, net investment hedge (a) Interest Expense $ 2,201 $ 2,201 Interest rate swaps, cash flow hedge Interest Expense (868) (351) Total $ 1,333 $ 1,850 Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax Foreign exchange contracts, net investment hedge (b) $ 1,094 $ 6,978 Interest rate swaps, cash flow hedge 7,547 36,085 Total $ 8,641 $ 43,063 (a) Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to Interest and other financing expenses, net. (b) Includes derivative losses of $5,009 and $5,091 for the first quarter of 2022 and 2021, respectively, which were excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income (loss), net of tax.
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Fair Value Disclosures
Description of Derivative Hedging Instruments	At April 2, 2022 and December 31, 2021 the following foreign exchange contracts were designated as net investment hedges: Maturity Date Notional Amount March 2023 € 50,000 September 2024 50,000 April 2025 100,000 January 2028 100,000 Total € 300,000

Restructuring, Integration, a_2

Restructuring, Integration, and Other Charges (Credits) (Tables)	3 Months Ended
	Apr. 02, 2022
Restructuring Charges [Abstract]
Schedule of Restructuring and Related Costs (Credits) [Text Block]	The following table presents the components of the restructuring, integration, and other charges: Quarter Ended April 2, April 3, Restructuring and integration charges - current period actions $ 2,725 $ 4,850 Restructuring and integration charges - actions taken in prior periods 1,332 1,400 Other charges (credits) 841 (541) $ 4,898 $ 5,709

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	3 Months Ended
	Apr. 02, 2022
Earnings Per Share [Abstract]
Schedule of Earnings (Losses) 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 April 2, April 3, Net income attributable to shareholders $ 364,749 $ 206,321 Weighted-average shares outstanding - basic 67,840 74,882 Net effect of various dilutive stock-based compensation awards 909 912 Weighted-average shares outstanding - diluted 68,749 75,794 Net income per share: Basic $ 5.38 $ 2.76 Diluted (a) $ 5.31 $ 2.72 (a) Stock-based compensation awards for the issuance of 86 and 103 shares for the first quarter of 2022 and 2021, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

Shareholders' Equity Components

Shareholders' Equity Components of Other Comprehensive Income (Tables)	3 Months Ended
	Apr. 02, 2022
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 loss, excluding noncontrolling interests: Quarter Ended April 2, April 3, Foreign Currency Translation Adjustment and Other: Other comprehensive loss before reclassifications (a) $ (48,700) $ (59,548) Amounts reclassified into income (341) (520) Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net: Other comprehensive income before reclassifications 1,094 6,978 Amounts reclassified into income (1,669) (1,672) Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges, Net: Other comprehensive income before reclassifications 7,547 36,085 Amounts reclassified into income 658 267 Employee Benefit Plan Items, Net: Amounts reclassified into income 99 (166) Net change in Accumulated other comprehensive loss $ (41,312) $ (18,576) (a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(8,258) and $(2,597) for the first quarter of 2022 and 2021, respectively.
Share-Repurchase Programs [Table Text Block]	The following table shows the company’s Board of Directors (the “Board”) approved share-repurchase programs as of April 2, 2022: Month of Board Approval Dollar Value Approved for Repurchase Dollar Value of Shares Repurchased Approximate July 2020 $ 600,000 $ 600,000 $ — July 2021 600,000 600,000 — December 2021 600,000 86,532 513,468 Total $ 1,800,000 $ 1,286,532 $ 513,468 The company repurchased 2,015 shares of common stock for $250,000 and 1,444 shares of common stock for $149,990 in the first quarter of 2022 and 2021, respectively, under the company's share-repurchase programs. As of April 2, 2022, approximately $513,468 remained available for repurchase under the program.

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Apr. 02, 2022
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 April 2, April 3, Components: Americas $ 2,340,543 $ 1,701,173 EMEA 1,927,003 1,568,602 Asia/Pacific 2,931,529 3,173,478 Global components $ 7,199,075 $ 6,443,253 ECS: Americas $ 1,047,849 $ 1,151,338 EMEA 827,201 791,328 Global ECS $ 1,875,050 $ 1,942,666 Consolidated $ 9,074,125 $ 8,385,919 Operating income (loss), by segment, are as follows: Quarter Ended April 2, April 3, Operating income (loss): Global components (a) $ 499,342 $ 289,383 Global ECS 85,798 77,359 Corporate (b) (74,764) (67,239) Consolidated $ 510,376 $ 299,503 (a) Global components operating income includes $4,311 related to proceeds from legal settlements for the first quarter of 2021 (Refer to Note J). (b) Corporate operating income includes restructuring, integration, and other charges of $4,898 and $5,709 for the first quarter of 2022 and 2021, respectively.

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)
Goodwill [Roll Forward]
Balance as of December 31, 2021 (a)	$ 2,080,371	[1]
Foreign currency translation adjustment	(13,122)
Balance as of April 2, 2022 (a)	2,067,249	[1]
Accumulated impairment charges	1,588,955
Global Components
Goodwill [Roll Forward]
Balance as of December 31, 2021 (a)	882,948	[1]
Foreign currency translation adjustment	(4,089)
Balance as of April 2, 2022 (a)	878,859	[1]
Accumulated impairment charges	1,287,100
Global ECS
Goodwill [Roll Forward]
Balance as of December 31, 2021 (a)	1,197,423	[1]
Foreign currency translation adjustment	(9,033)
Balance as of April 2, 2022 (a)	1,188,390	[1]
Accumulated impairment charges	$ 301,855
[1]	The total carrying value of goodwill as of April 2, 2022 and December 31, 2021 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global enterprise computing solutions ("ECS") business segment.

Goodwill - Intangibles (Details

Goodwill - Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 379,988		$ 396,384
Accumulated Amortization	(194,235)		(201,355)
Net	185,753		195,029
Amortization of Intangible Assets	9,018	$ 9,326
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	305,988		322,335
Accumulated Amortization	(163,461)		(173,123)
Net	142,527		149,212
Amortizable trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	74,000		74,049
Accumulated Amortization	(30,774)		(28,232)
Net	$ 43,226		$ 45,817

Investments in Affiliated Com_3

Investments in Affiliated Companies (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	8.40%
Investments in affiliated companies	$ 65,239		$ 63,695
Income (Loss) from Equity Method Investments	843	$ 844
Equity Method Investment Pro Rata Share of Debt Obligations of Joint Venture	$ 0		0
Marubun Arrow [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Investments in affiliated companies	$ 54,179		53,415
Income (Loss) from Equity Method Investments	$ 794	857
Other joint ventures [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Investments in affiliated companies	$ 11,060		$ 10,280
Income (Loss) from Equity Method Investments	$ 49	$ (13)

Accounts Receivable (Details)

Accounts Receivable (Details) € in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)	Apr. 03, 2021USD ($)	Apr. 02, 2022EUR (€)	Jan. 01, 2022USD ($)	Dec. 31, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 10,709,125				$ 11,199,847
Allowances for doubtful accounts	87,183	$ 88,433		$ 75,901	75,901
Accounts receivable, net	10,621,942				11,123,946
Agreement Amount with Purchaser to Transfer Financial Assets Accounted For As Sales | €			€ 400,000
Receivables sold to unaffiliated financial institutions during the period	569,216	517,042
Receivables sold to unaffiliated financial institutions that were uncollected	443,209				453,292
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	75,901	92,792
Charged to income	13,768	1,137
Translation adjustments	190	(1,117)
Writeoffs	(2,676)	(4,379)
Balance at end of period	87,183	$ 88,433
Variable Interest Entity, Primary Beneficiary | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.	$ 877,218				$ 745,965

Debt - ST Debt (Details)

Debt - ST Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Dec. 31, 2021	Apr. 03, 2021
Short-term Debt [Line Items]
Debt, Current	$ 317,399	$ 382,619
Proceeds from (Repayments of) Notes Payable		$ 495,134
5.125% notes, due March 2021
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			5.125%
Repayments of Senior Debt			$ 130,860
Borrowings on lines of credit
Short-term Debt [Line Items]
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.46%	1.50%
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Commercial paper
Short-term Debt [Line Items]
Debt, Current	$ 0	$ 0
Short-term Debt, Weighted Average Interest Rate, at Point in Time	0.54%	0.29%
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,200,000
Other short-term borrowings
Short-term Debt [Line Items]
Debt, Current	$ 17,966	$ 32,840
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.47%	1.41%
3.50% notes, due April 2022
Short-term Debt [Line Items]
Repayments of Senior Debt	$ 350,000
3.50% notes, due April 2022
Short-term Debt [Line Items]
Debt, Current	$ 0	$ 349,779
Debt Instrument, Interest Rate, Stated Percentage	3.50%
North American Asset securitization program
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,250,000
4.50% notes, due 2023
Short-term Debt [Line Items]
Debt, Current	$ 299,433	$ 0
Debt Instrument, Interest Rate, Stated Percentage	4.50%

Debt - LT Debt (Details)

Debt - LT Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Dec. 31, 2021	Apr. 03, 2021
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 2,790,819	$ 2,244,443
Accounts receivable, net	10,621,942	11,123,946
Interest and dividend income	4,508		$ 4,106
Proceeds from (Repayments of) Notes Payable		495,134
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	45,000	0
Maximum Borrowing Capacity	$ 2,000,000
Debt Instrument, Interest Rate, Effective Percentage	1.40%
Debt Instrument, Basis Spread on Variable Rate	1.08%
Line of Credit Facility, Commitment Fee Percentage	0.175%
North American Asset securitization program
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 800,000	0
Maximum Borrowing Capacity	$ 1,250,000
Debt Instrument, Interest Rate, Effective Percentage	0.89%
Debt Instrument, Basis Spread on Variable Rate	0.45%
Line of Credit Facility, Commitment Fee Percentage	0.40%
Accounts receivable, net	$ 2,348,637	2,735,145
3.50% notes, due April 2022
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.50%
4.50% notes, due 2023
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 0	299,283
Debt Instrument, Fair Value Disclosure	$ 0	309,000
Debt Instrument, Interest Rate, Stated Percentage	4.50%
3.25% notes, due 2024
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 497,322	497,060
Debt Instrument, Fair Value Disclosure	$ 499,500	522,000
Debt Instrument, Interest Rate, Stated Percentage	3.25%
4.00% notes, due 2025
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 347,827	347,657
Debt Instrument, Fair Value Disclosure	$ 354,000	374,000
Debt Instrument, Interest Rate, Stated Percentage	4.00%
7.50% senior debentures, due 2027
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 110,041	110,021
Debt Instrument, Fair Value Disclosure	$ 127,000	136,000
Debt Instrument, Interest Rate, Stated Percentage	7.50%
3.875% notes, due 2028
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 495,977	495,823
Debt Instrument, Fair Value Disclosure	$ 503,000	542,500
Debt Instrument, Interest Rate, Stated Percentage	3.875%
Notes Due in 2032 - 2.95%
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 494,145	494,022
Debt Instrument, Fair Value Disclosure	458,500	$ 504,500
Debt Instrument, Interest Rate, Stated Percentage		2.95%
Debt Instrument, Face Amount		$ 500,000
Other obligations with various interest rates and due dates
Debt Instrument [Line Items]
Other obligations with various interest rates and due dates	$ 507	$ 577

Financial Instruments Measure_3

Financial Instruments Measured at Fair Value - Fair Value Hierarchy (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment, Ownership Percentage		8.40%
Debt and Equity Securities, Unrealized Gain (Loss)		$ (5,685)	$ 1,402
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		7,720		$ 4,812
Equity investments		52,267		56,985
Interest rate swaps designated as cash flow hedges - asset		31,783		21,831
Foreign exchange contracts designated as net investment hedges		42,055		40,612
Total Fair Value Assets And Liabilities Measured On Recurring Basis		133,825		124,240
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		7,720		4,812	[1]
Equity investments	[2]	52,267		56,985
Interest rate swaps designated as cash flow hedges - asset		0		0
Foreign exchange contracts designated as net investment hedges		0		0
Total Fair Value Assets And Liabilities Measured On Recurring Basis		59,987		61,797
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		0		0
Equity investments		0		0
Interest rate swaps designated as cash flow hedges - asset		31,783		21,831
Foreign exchange contracts designated as net investment hedges		42,055		40,612
Total Fair Value Assets And Liabilities Measured On Recurring Basis		73,838		62,443
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		0		0
Equity investments		0		0
Interest rate swaps designated as cash flow hedges - asset		0		0
Foreign exchange contracts designated as net investment hedges		0		0
Total Fair Value Assets And Liabilities Measured On Recurring Basis		$ 0		$ 0
[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 (loss) of $(5,685) and $1,402 for the first quarter of 2022 and 2021, respectively, on equity securities held at the end of the quarter.

Financial Instruments Measure_4

Financial Instruments Measured at Fair Value - Derivatives (Details) € in Thousands, $ in Thousands		3 Months Ended
		Apr. 02, 2022USD ($)	Apr. 03, 2021USD ($)	Apr. 02, 2022EUR (€)	Dec. 31, 2021USD ($)	Dec. 31, 2021EUR (€)
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount		$ 1,228,684			$ 1,125,997
Derivatives used in Net Investment Hedge, Net of Tax, Period Increase (Decrease)		(575)	$ 5,306
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, after Tax		(5,009)	(5,091)
Derivative Instruments, Gain (Loss) Recognized in Income, Net		1,333	1,850
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net		8,641	43,063
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	[1]	2,201	2,201
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	[2]	1,094	6,978
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net		(868)	(351)
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net		7,547	$ 36,085
Maturity March 2023 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €				€ 50,000		€ 50,000
Maturity September 2024 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €				50,000		50,000
Maturity April 2025 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €				100,000		100,000
Maturity January 2028 [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €				100,000		100,000
All Maturities [Member] | Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €				€ 300,000		€ 300,000
April 2020 Swaps | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount		$ 300,000			$ 300,000
Derivative, Average Fixed Interest Rate		0.97%		0.97%	0.97%	0.97%
[1]	Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to Interest and other financing expenses, net.
[2]	Includes derivative losses of $5,009 and $5,091 for the first quarter of 2022 and 2021, respectively, which were excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income (loss), net of tax.

Restructuring, Integration, a_3

Restructuring, Integration, and Other Charges (Credits) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	$ 4,898	$ 5,709
Other charges (credits)	841	(541)
Restructuring and integration charges - current period actions
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	2,725	4,850
Restructuring and integration charges - actions taken in prior periods
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	1,332	$ 1,400
Restructuring Charges From Current Period 2022
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	$ 4,057

Restructuring, Integration, a_4

Restructuring, Integration, and Other Charges (Credits) - Accrual (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Dec. 31, 2021
Restructuring, Integration, and Other Charges (Credits)
Restructuring and integration accrual	$ 10,617	$ 11,201
Payments for restructuring and integration	$ (6,955)
Number of Years for the Accrual to Be Spent	1 year

Net Income (Loss) per Share (De

Net Income (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021
Earnings (Losses) Per Share, Diluted [Line Items]
Net income attributable to shareholders		$ 364,749	$ 206,321
Weighted-average shares outstanding - basic		67,840	74,882
Net effect of various dilutive stock-based compensation awards		909	912
Weighted-average shares outstanding - diluted		68,749	75,794
Net income per share:
Basic		$ 5.38	$ 2.76
Diluted	[1]	$ 5.31	$ 2.72
Share-based Payment Arrangement [Member]
Net income per share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		86	103
[1]	Stock-based compensation awards for the issuance of 86 and 103 shares for the first quarter of 2022 and 2021, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021
Changes In Components Of OCI [Line Items]
Foreign Currency Translation Adjustment and Other:		$ (49,910)	$ (61,921)
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:		(575)	5,306
Employee Benefit Plan Items, Net:		99	(166)
Net change in Accumulated other comprehensive loss		(41,312)	(18,576)
Other comprehensive gain (loss) before reclassifications [Member]
Changes In Components Of OCI [Line Items]
Foreign Currency Translation Adjustment and Other:	[1]	(48,700)	(59,548)
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:		1,094	6,978
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax		7,547	36,085
Other comprehensive gain (loss) before reclassifications [Member] | Intra-entity foreign currency transactions [Member]
Changes In Components Of OCI [Line Items]
Foreign Currency Translation Adjustment and Other:		(8,258)	(2,597)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Changes In Components Of OCI [Line Items]
Foreign Currency Translation Adjustment and Other:		(341)	(520)
Unrealized Gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:		(1,669)	(1,672)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		658	267
Employee Benefit Plan Items, Net:		$ 99	$ (166)
[1]	Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(8,258) and $(2,597) for the first quarter of 2022 and 2021, respectively.

Shareholders' Equity Share-Repu

Shareholders' Equity Share-Repurchase Programs (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	$ 1,800,000
Dollar Value of Shares Repurchased	1,286,532
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	513,468
Payments for Repurchase of Common Stock	264,431	$ 160,619
Stock Repurchased During Period, Value	264,431	160,619
Share repurchase program
Share-Repurchase Programs [Line Items]
Payments for Repurchase of Common Stock	$ 250,000	$ 149,990
Stock Repurchased During Period, Shares	2,015	1,444
Shares Approved July 2021 [Member]
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	$ 600,000
Dollar Value of Shares Repurchased	600,000
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	0
Shares Approved July 2020
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	600,000
Dollar Value of Shares Repurchased	600,000
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	0
December 2021
Share-Repurchase Programs [Line Items]
Dollar Value Approved for Repurchase	600,000
Dollar Value of Shares Repurchased	86,532
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program	$ 513,468

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Mar. 30, 2019	Mar. 31, 2012
Site Contingency [Line Items]
Litigation Settlement, Amount Awarded from Other Party				$ 110,000
Environmental Costs Recovered	$ 47,000
Sales covered by the Iran Threat Reduction and Syria Human Rights Act of 2012			$ 4,770
Huntsville Site [Member]
Site Contingency [Line Items]
Environmental Remediation Expense To Date	7,800
Additional Expected Project Expenditures Low Estimate	2,600
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	78,000
Additional Expected Project Expenditures Low Estimate	3,000
Additional Expected Project Expenditures High Estimate	$ 17,000
Global Components
Site Contingency [Line Items]
Proceeds from Legal Settlements		$ 4,311

Segment and Geographic Inform_3

Segment and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021
Sales:
Sales		$ 9,074,125	$ 8,385,919
Operating income (loss):
Operating income (loss)		510,376	299,503
Restructuring, integration, and other charges		4,898	5,709
Global Components
Sales:
Sales		7,199,075	6,443,253
Operating income (loss):
Proceeds from Legal Settlements			4,311
Global ECS
Sales:
Sales		1,875,050	1,942,666
Other Segments | Global Components
Operating income (loss):
Operating income (loss)	[1]	499,342	289,383
Other Segments | Global ECS
Operating income (loss):
Operating income (loss)		85,798	77,359
Other Segments | Corporate
Operating income (loss):
Operating income (loss)	[2]	$ (74,764)	$ (67,239)
[1]	Global components operating income includes $4,311 related to proceeds from legal settlements for the first quarter of 2021 (Refer to Note J).
[2]	Corporate operating income includes restructuring, integration, and other charges of $4,898 and $5,709 for the first quarter of 2022 and 2021, respectively.

Segment and Geographic Inform_4

Segment and Geographic Information - Geographic Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Revenues From External Customers [Line Items]
Sales	$ 9,074,125	$ 8,385,919
Global Components
Revenues From External Customers [Line Items]
Sales	7,199,075	6,443,253
Global Components | Americas
Revenues From External Customers [Line Items]
Sales	2,340,543	1,701,173
Global Components | EMEA [Member]
Revenues From External Customers [Line Items]
Sales	1,927,003	1,568,602
Global Components | Asia Pacific
Revenues From External Customers [Line Items]
Sales	2,931,529	3,173,478
Global ECS
Revenues From External Customers [Line Items]
Sales	1,875,050	1,942,666
Global ECS | Americas
Revenues From External Customers [Line Items]
Sales	1,047,849	1,151,338
Global ECS | EMEA [Member]
Revenues From External Customers [Line Items]
Sales	$ 827,201	$ 791,328

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 112,360	$ 61,026