$AVT
AVNET INC

2021 Q1 Form 10-Q Financial Statement

#000000885821000011 Filed on January 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2019 Q4
Revenue $4.668B $4.535B
YoY Change 8.31% -10.18%
Cost Of Revenue $4.157B $4.009B
YoY Change 9.66% -9.27%
Gross Profit $511.3M $525.6M
YoY Change -1.48% -16.57%
Gross Profit Margin 10.95% 11.59%
Selling, General & Admin $442.1M $464.9M
YoY Change -5.87% -1.45%
% of Gross Profit 86.47% 88.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.60M $46.50M
YoY Change -30.04% 7.89%
% of Gross Profit 6.38% 8.85%
Operating Expenses $442.1M $464.9M
YoY Change -5.87% -1.45%
Operating Profit $57.22M $46.48M
YoY Change -149.43% -51.61%
Interest Expense $21.49M $33.90M
YoY Change -27.7% 0.55%
% of Operating Profit 37.55% 72.95%
Other Income/Expense, Net -$1.333M -$1.963M
YoY Change -89.43% -175.97%
Pretax Income $34.40M $10.61M
YoY Change -121.76% -83.66%
Income Tax $15.24M $6.940M
% Of Pretax Income 44.3% 65.42%
Net Earnings $19.16M $3.668M
YoY Change -114.89% -89.92%
Net Earnings / Revenue 0.41% 0.08%
Basic Earnings Per Share $0.19 $0.04
Diluted Earnings Per Share $0.19 $0.04
COMMON SHARES
Basic Shares Outstanding 98.94M 100.4M
Diluted Shares Outstanding 99.93M 101.3M

Balance Sheet

Concept 2021 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $376.0M $489.0M
YoY Change -6.7% 1.45%
Cash & Equivalents $376.3M $488.8M
Short-Term Investments
Other Short-Term Assets $156.0M $161.0M
YoY Change -13.81% 2.55%
Inventory $2.816B $2.909B
Prepaid Expenses
Receivables $3.105B $2.978B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.454B $6.537B
YoY Change 2.18% -11.56%
LONG-TERM ASSETS
Property, Plant & Equipment $403.3M $431.4M
YoY Change -2.44% -6.82%
Goodwill $834.8M $916.1M
YoY Change 9.71%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $248.1M $247.6M
YoY Change -0.86% 33.11%
Total Long-Term Assets $1.810B $1.989B
YoY Change 2.07% 7.84%
TOTAL ASSETS
Total Short-Term Assets $6.454B $6.537B
Total Long-Term Assets $1.810B $1.989B
Total Assets $8.264B $8.525B
YoY Change 2.16% -7.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.936B $1.802B
YoY Change 11.65% -11.95%
Accrued Expenses $520.5M $398.5M
YoY Change 24.32% -4.9%
Deferred Revenue
YoY Change
Short-Term Debt $311.8M $492.2M
YoY Change -22.04%
Long-Term Debt Due $312.0M $492.0M
YoY Change -22.0% 24500.0%
Total Short-Term Liabilities $2.826B $2.745B
YoY Change 8.38% 11.01%
LONG-TERM LIABILITIES
Long-Term Debt $895.6M $1.194B
YoY Change -25.0% -39.11%
Other Long-Term Liabilities $372.0M $383.8M
YoY Change 2.52% -2.09%
Total Long-Term Liabilities $1.268B $1.578B
YoY Change -18.59% -32.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.826B $2.745B
Total Long-Term Liabilities $1.268B $1.578B
Total Liabilities $4.354B $4.568B
YoY Change -1.33% -5.35%
SHAREHOLDERS EQUITY
Retained Earnings $2.366B $2.576B
YoY Change -1.02%
Common Stock $1.709B $1.688B
YoY Change 1.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.911B $3.957B
YoY Change
Total Liabilities & Shareholders Equity $8.264B $8.525B
YoY Change 2.16% -7.69%

Cashflow Statement

Concept 2021 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $19.16M $3.668M
YoY Change -114.89% -89.92%
Depreciation, Depletion And Amortization $32.60M $46.50M
YoY Change -30.04% 7.89%
Cash From Operating Activities $85.00M $148.6M
YoY Change -13.62% 834.59%
INVESTING ACTIVITIES
Capital Expenditures $8.700M -$14.40M
YoY Change -151.48% -50.68%
Acquisitions
YoY Change
Other Investing Activities -$18.40M -$52.10M
YoY Change -3780.0% -10.48%
Cash From Investing Activities -$9.800M -$66.50M
YoY Change -39.88% -23.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -184.6M -261.2M
YoY Change 15.09% -239.46%
NET CHANGE
Cash From Operating Activities 85.00M 148.6M
Cash From Investing Activities -9.800M -66.50M
Cash From Financing Activities -184.6M -261.2M
Net Change In Cash -109.4M -179.1M
YoY Change 39.72% -254.66%
FREE CASH FLOW
Cash From Operating Activities $85.00M $148.6M
Capital Expenditures $8.700M -$14.40M
Free Cash Flow $76.30M $163.0M
YoY Change -33.82% 261.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
us-gaap:TechnologyServiceMember
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
us-gaap:TechnologyServiceMember
CY2021Q1 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
us-gaap:TechnologyServiceMember
CY2019Q4 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
us-gaap:TechnologyServiceMember
us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
us-gaap:TechnologyServiceMember
CY2021Q1 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
us-gaap:TechnologyServiceMember
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
us-gaap:TechnologyServiceMember
us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
us-gaap:TechnologyServiceMember
dei Entity Central Index Key
EntityCentralIndexKey
0000008858
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--07-03
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-01-02
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-4224
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
38863000
dei Entity Registrant Name
EntityRegistrantName
AVNET, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
11-1890605
dei Entity Address Address Line1
EntityAddressAddressLine1
2211 South 47th Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Phoenix
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85034
dei City Area Code
CityAreaCode
480
dei Local Phone Number
LocalPhoneNumber
643-2000
dei Security12b Title
Security12bTitle
Common stock, par value $1.00 per share
dei Trading Symbol
TradingSymbol
AVT
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
99455396
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
376333000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
477038000
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3105317000
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2928386000
CY2021Q1 us-gaap Inventory Net
InventoryNet
2816421000
CY2020Q2 us-gaap Inventory Net
InventoryNet
2731988000
CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
156375000
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
191394000
CY2021Q1 us-gaap Assets Current
AssetsCurrent
6454446000
CY2020Q2 us-gaap Assets Current
AssetsCurrent
6328806000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
403270000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
404607000
CY2021Q1 us-gaap Goodwill
Goodwill
834795000
CY2020Q2 us-gaap Goodwill
Goodwill
773734000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38812000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
65437000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
284886000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
275917000
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
248104000
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
256696000
CY2021Q1 us-gaap Assets
Assets
8264313000
CY2020Q2 us-gaap Assets
Assets
8105197000
CY2021Q1 us-gaap Debt Current
DebtCurrent
311800000
CY2020Q2 us-gaap Debt Current
DebtCurrent
51000
CY2021Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1935661000
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1754078000
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
520463000
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
472924000
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
58400000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
53313000
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2826324000
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2280366000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
895639000
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1424791000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
259599000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
253719000
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
372018000
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
419923000
CY2021Q1 us-gaap Liabilities
Liabilities
4353580000
CY2020Q2 us-gaap Liabilities
Liabilities
4378799000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98861933
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98792542
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
98862000
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
98793000
CY2021Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1610145000
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1594140000
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2366127000
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2421845000
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-164401000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-388380000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
3910733000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
3726398000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8264313000
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8105197000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4668172000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4534806000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9391232000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9164814000
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
4156919000
CY2019Q4 us-gaap Cost Of Revenue
CostOfRevenue
4009193000
us-gaap Cost Of Revenue
CostOfRevenue
8363899000
us-gaap Cost Of Revenue
CostOfRevenue
8095362000
CY2021Q1 us-gaap Gross Profit
GrossProfit
511253000
CY2019Q4 us-gaap Gross Profit
GrossProfit
525613000
us-gaap Gross Profit
GrossProfit
1027333000
us-gaap Gross Profit
GrossProfit
1069452000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
442084000
CY2019Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
464873000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
913241000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
921377000
CY2021Q1 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
11948000
CY2019Q4 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
14265000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
38369000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
57221000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
46475000
us-gaap Operating Income Loss
OperatingIncomeLoss
75723000
us-gaap Operating Income Loss
OperatingIncomeLoss
109212000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1333000
CY2019Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1963000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-20831000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2969000
CY2021Q1 us-gaap Interest Expense
InterestExpense
21485000
CY2019Q4 us-gaap Interest Expense
InterestExpense
33904000
us-gaap Interest Expense
InterestExpense
43787000
us-gaap Interest Expense
InterestExpense
67535000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
34403000
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10608000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11105000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
44646000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15240000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6940000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10831000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-774000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
19163000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
3668000
us-gaap Net Income Loss
NetIncomeLoss
274000
us-gaap Net Income Loss
NetIncomeLoss
45420000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98937000
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100431000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98917000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101781000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99932000
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101302000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99897000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102839000
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
19163000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
3668000
us-gaap Net Income Loss
NetIncomeLoss
274000
us-gaap Net Income Loss
NetIncomeLoss
45420000
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
120000000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
311000
CY2019Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
93186000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
210373000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-8960000
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3983000
CY2019Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3168000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13606000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6981000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
143146000
CY2019Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
100022000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
224253000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
43441000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
3726398000
us-gaap Net Income Loss
NetIncomeLoss
-18889000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
90373000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-9623000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
20756000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5242000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
3777511000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
19163000
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
120000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3983000
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
20756000
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10832000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
3910733000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
4140473000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
41752000
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-102146000
CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3813000
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21451000
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
112135000
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7765000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
3958071000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
3668000
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
93186000
CY2019Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3168000
CY2019Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
20975000
CY2019Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
87558000
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7773000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
3957333000
us-gaap Net Income Loss
NetIncomeLoss
274000
us-gaap Net Income Loss
NetIncomeLoss
45420000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
44002000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
49822000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30474000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41257000
avt Amortization Of Operating Lease Assets
AmortizationOfOperatingLeaseAssets
28111000
avt Amortization Of Operating Lease Assets
AmortizationOfOperatingLeaseAssets
31354000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
15518000
us-gaap Share Based Compensation
ShareBasedCompensation
15331000
us-gaap Share Based Compensation
ShareBasedCompensation
14503000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
15166000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-17004000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-22157000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
94831000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-185598000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-51185000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-94182000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
130768000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-52711000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-29779000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-71858000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
207394000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
344206000
us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
11800000
us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
-35400000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
239430000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1376000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1480000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1301000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
198630000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
41512000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42426000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2301000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4887000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-272923000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-284020000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30022000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44252000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18371000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
51509000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-725000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
13098000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47668000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-108859000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12492000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8622000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-100705000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57295000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
477038000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
546105000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
376333000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488810000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
85450000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65018000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65018000
us-gaap Fiscal Period
FiscalPeriod
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:23.75pt;margin:0pt;"><i style="font-style:italic;">Fiscal year</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:23.75pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:23.75pt;margin:0pt;">The Company operates on a “52/53 week” fiscal year, and fiscal 2021 contains 53 weeks compared to fiscal 2020, which contained 52 weeks. As a result, the first six months of fiscal 2021 ended January 2, 2021 contained 27 weeks compared to the first six months of fiscal 2020 ended December 28, 2019, which contained 26 weeks.</p>
CY2021Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3190767000
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2993404000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4438000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
283000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1472000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
368000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38812000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4621000
us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
3693000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
85450000
CY2020Q2 us-gaap Goodwill
Goodwill
773734000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
61061000
CY2021Q1 us-gaap Goodwill
Goodwill
834795000
CY2009Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1045110000
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
181440000
CY2019Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
137396000
CY2020Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
118731000
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
440932000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
402120000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38812000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
406276000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
340839000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
65437000
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
17473000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10400000
CY2019Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41300000
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P3Y
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10440000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15323000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6607000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3130000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1472000
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
311800000
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
51000
CY2021Q1 avt Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
901522000
CY2020Q2 avt Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
1431491000
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5883000
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6700000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
895639000
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1424791000
CY2021Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1210000000
CY2021Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1320000000
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1420000000
CY2020Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1520000000
CY2021Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P17Y
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
18095000
CY2019Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
19574000
us-gaap Operating Lease Cost
OperatingLeaseCost
36497000
us-gaap Operating Lease Cost
OperatingLeaseCost
38376000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
5423000
CY2019Q4 us-gaap Variable Lease Cost
VariableLeaseCost
4829000
us-gaap Variable Lease Cost
VariableLeaseCost
11711000
us-gaap Variable Lease Cost
VariableLeaseCost
10097000
CY2021Q1 us-gaap Lease Cost
LeaseCost
23518000
CY2019Q4 us-gaap Lease Cost
LeaseCost
24403000
us-gaap Lease Cost
LeaseCost
48208000
us-gaap Lease Cost
LeaseCost
48473000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
35838000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
62146000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
52673000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
38642000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
32572000
CY2021Q1 avt Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
162937000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
384808000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
66809000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
317999000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
us-gaap Operating Lease Payments
OperatingLeasePayments
29157000
us-gaap Operating Lease Payments
OperatingLeasePayments
33044000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28346000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18560000
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
18372000
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
18989000
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
22836000
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
15605000
CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2810000
CY2019Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1602000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-10627000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
11103000
CY2021Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
17900000
CY2020Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
18800000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
8200000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.443
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.654
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.975
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.017
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3937000
CY2019Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3786000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7875000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7572000
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3976000
CY2019Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5638000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7952000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11276000
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12420000
CY2019Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12667000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
24840000
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
720000
CY2019Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
969000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1440000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1896000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
25335000
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
76000
CY2019Q4 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
535000
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
151000
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1069000
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-5151000
CY2019Q4 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3677000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-10302000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-7314000
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2950000000
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
469000000.0
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
20800000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
19163000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
3668000
us-gaap Net Income Loss
NetIncomeLoss
274000
us-gaap Net Income Loss
NetIncomeLoss
45420000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98937000
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100431000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98917000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101781000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
995000
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
871000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
980000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1058000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99932000
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101302000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99897000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102839000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6374000
CY2019Q4 avt Unsettled Repurchases Of Common Stock
UnsettledRepurchasesOfCommonStock
2468000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4359000
us-gaap Interest Paid Net
InterestPaidNet
50507000
us-gaap Interest Paid Net
InterestPaidNet
72203000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
51835000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-5810000
CY2021Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3900000
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
20900000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4668172000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4534806000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9391232000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9164814000
CY2021Q1 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
11948000
CY2019Q4 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
14265000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
38369000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
38863000
CY2021Q1 avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
10417000
CY2019Q4 avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
21454000
avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
30592000
avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
41532000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
57221000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
46475000
us-gaap Operating Income Loss
OperatingIncomeLoss
75723000
us-gaap Operating Income Loss
OperatingIncomeLoss
109212000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4668172000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4534806000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9391232000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9164814000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
403270000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
404607000

Files In Submission

Name View Source Status
0000008858-21-000011-index-headers.html Edgar Link pending
0000008858-21-000011-index.html Edgar Link pending
0000008858-21-000011.txt Edgar Link pending
0000008858-21-000011-xbrl.zip Edgar Link pending
avt-20210102.xsd Edgar Link pending
avt-20210102ex10180040f.htm Edgar Link pending
avt-20210102ex1023253bd.htm Edgar Link pending
avt-20210102ex211341eb5.htm Edgar Link pending
avt-20210102ex31150ddd7.htm Edgar Link pending
avt-20210102ex312dab6d5.htm Edgar Link pending
avt-20210102ex3219df069.htm Edgar Link pending
avt-20210102ex32269e744.htm Edgar Link pending
avt-20210102x10q.htm Edgar Link pending
avt-20210102x10q_htm.xml Edgar Link completed
avt-20210102_cal.xml Edgar Link unprocessable
avt-20210102_def.xml Edgar Link unprocessable
avt-20210102_lab.xml Edgar Link unprocessable
avt-20210102_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending