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TableofContents
Sales
ItemsImpactingYear-over-YearSalesComparisons
During fiscal 2016 and 2014, the Company acquired businesses impacting both operating groups, as presented in the
following table. There were no acquisitions in fiscal 2015. To facilitate more meaningful year-over-year comparisons, the
discussionsthatfollowincludeorganicsalesaswellassalesonareportedbasis.
   Approximate 
   Annualized
Acquired Business Group & Region Sales Acquisition Date
   (Millions)  
Fiscal2016      
ExitCertified  TSAmericas  $ 24 January2016
OrchestraServiceGmbH TSEMEA 95 November2015 
Totalfiscal2016   $ 119  
      
Fiscal2014       
MSCInvestorenGmbH  EMEMEA  $ 461 October2013
NiskoSemiconductors,Ltd. EMEMEA 18  August2013
SeamlessTechnologies,Inc.  TSAmericas 13 July2013 
Totalfiscal2014   $ 492  
(1) Representstheapproximateannualsalesfortheacquiredbusinesses’mostrecentfiscalyearpriortoacquisitionbyAvnet
andbaseduponaverageforeigncurrencyexchangeratesforsuchfiscalyear.
Fiscal2016ComparisontoFiscal2015
Thetablebelowprovidesthecomparisonofreportedfiscal2016and2015salesfortheCompanyanditsoperatinggroups
toorganicsalestoallowreaderstobetterassessandunderstandtheCompany’ssalesperformancebyoperatinggroup.
  Sales from    
Acquisitions/   2016 to 2015
Divestitures/   Organic  
Sales as Estimated Organic Sales Constant
 Reported Extra Week  Sales  Change  Currency
(Dollars in millions)    
EM $ 16,566.8 $ (300.0) $ 16,266.8 (6.2)% (3.7)%
TS  9,652.5 (164.1) 9,488.4  (11.4) (7.9)
Fiscal2016 $ 26,219.3 $ (464.1) $ 25,755.2  (8.2) (5.3)
EM $ 17,344.7 $ — $ 17,344.7   
TS  10,580.0 125.7  10,705.7   
Fiscal2015 $ 27,924.7 $ 125.7 $ 28,050.4   
Sales for fiscal 2016 were $26.22 billion, a decrease of 6.1%, or $1.7 billion, from fiscal 2015 sales of $27.92 billion.
Organicsalesdecreased8.2%yearoveryearanddecreased5.3%inconstantcurrency.Theorganicsalesdecreasewasprimarily
duetodeclinesinbothoperatinggroupsasdiscussedfurtherbelow.
24
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