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TableofContents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
theseliabilitiesforunrecognizedtaxbenefitswillbesettledbytheexpirationofthestatutesoflimitationsorthroughagreement
withthetaxauthoritiesfortaxpositionsrelatedtovaluationmattersandpositionsrelatedtoacquiredentities;suchmattersare
commontomultinationalcompanies.Theexpectedcashpaymentrelatedtothesettlementofthesecontingenciesisapproximately
$4.7million.
The Company conducts business globally and consequently files income tax returns in numerous jurisdictions including
thoselisted inthe following table. It isalsoroutinely subject toauditintheseandothercountries.TheCompanyisnolonger
subject to audit in its major jurisdictions for periods prior to fiscal 2008. The years remaining subject to audit, by major
jurisdiction,areasfollows:
Jurisdiction  Fiscal Year
UnitedStates(Federalandstate) 2012-2016 
Taiwan 2011-2016 
HongKongandGermany 2010-2016 
NetherlandsandSingapore 2008-2016 
Belgium 2014-2016 
UnitedKingdom 2009-2016
10. Pension and retirement plans
Pension Plan
The Company’s noncontributory defined benefit pension plan (the “Plan”) covers substantially all U.S. employees. The
Planmeetsthedefinitionofadefinedbenefitplanandasaresult,theCompanymustapplyASC715pensionaccountingtothe
Plan.ThePlanitself,however,isacashbalanceplanthatissimilarinnaturetoadefinedcontributionplaninthataparticipant’s
benefitisdefinedintermsofastatedaccountbalance.AcashbalanceplanprovidestheCompanywiththebenefitofapplying
any earnings on the Plan’s investments beyond the fixed return provided to participants, toward the Company’s future cash
fundingobligations.EmployeesareeligibletoparticipateinthePlanfollowingthefirstyearofserviceduringwhichtheyworked
atleast1,000hours.
ThePlan provides defined benefits pursuant to acashbalancefeaturewherebyaparticipantaccumulatesabenefitbased
upon a percentage of current salary, which varies with age, and interest credits. The Company uses its fiscal year end as the
measurement date for determining pension expense and benefit obligations for each fiscal year. The disclosures below do not
includethepensionplansofcertainnon-U.S.subsidiariesandotherdefinedbenefitplans,whicharenotconsideredmaterial.
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