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Table of Contents AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
______________________
70
Years Ended
June 28,
2014
June 29,
2013
June 30,
2012
(Millions)
Sales:
Electronics Marketing
$
16,544.4
$
15,094.4
$
14,933.1
Technology Solutions
10,955.3
10,364.5
10,774.4
$
27,499.7
$
25,458.9
$
25,707.5
Operating income (loss):
Electronics Marketing
$
747.9
$
635.7
$
759.6
Technology Solutions
317.8
299.1
338.9
Corporate
(134.4
)
(126.9
)
(112.9
)
931.3
807.9
985.6
Restructuring, integration and other expenses (Note 17)
(94.6
)
(149.5
)
(73.6
)
Amortization of acquired intangible assets and other
(46.8
)
(32.4
)
(27.8
)
$
789.9
$
626.0
$
884.2
Assets:
Electronics Marketing
$
6,840.2
$
6,316.3
$
6,024.3
Technology Solutions
4,140.2
3,838.4
3,738.5
Corporate
275.1
320.0
405.1
$
11,255.5
$
10,474.7
$
10,167.9
Capital expenditures:
Electronics Marketing
$
38.0
$
24.1
$
58.5
Technology Solutions
43.8
26.6
41.3
Corporate
41.4
46.7
28.8
$
123.2
$
97.4
$
128.6
Depreciation & amortization expense:
Electronics Marketing
$
48.8
$
51.8
$
38.9
Technology Solutions
59.0
47.3
39.2
Corporate
29.4
21.6
23.2
$
137.2
$
120.7
$
101.3
Sales, by geographic area:
Americas
(1)
$
10,929.5
$
10,716.6
$
11,499.3
EMEA
(2)
8,246.1
7,277.9
7,408.9
Asia/Pacific
(3)
8,324.1
7,464.4
6,799.3
$
27,499.7
$
25,458.9
$
25,707.5
Property, plant and equipment, net, by geographic area:
Americas
(4)
$
306.2
$
283.0
$
278.5
EMEA
(5)
199.4
177.9
150.8
Asia/Pacific
29.4
31.7
31.9
$
535.0
$
492.6
$
461.2
(1) Includes sales in the United States of $9.68 billion , $9.43 billion and $10.00 billion for fiscal 2014 , 2013 and 2012
, respectively.
(2) Includes sales in Germany and the United Kingdom of $3.31 billion and $1.36 billion , respectively, for fiscal 2014
. Includes sales in
Germany and the United Kingdom of $2.78 billion and $1.22 billion , respectively, for fiscal 2013
. Includes sales in Germany and the
United Kingdom of $2.60 billion and $1.40 billion , respectively, for fiscal 2012 .