$AVT
AVNET INC

2022 Q2 Form 10-Q Financial Statement

#000000885822000020 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $6.488B $5.865B $5.585B
YoY Change 31.96% 25.64% 18.24%
Cost Of Revenue $5.675B $5.152B $4.925B
YoY Change 30.51% 23.94% 17.07%
Gross Profit $813.0M $713.0M $659.7M
YoY Change 43.05% 39.47% 27.82%
Gross Profit Margin 12.53% 12.16% 11.81%
Selling, General & Admin $512.4M $501.4M $486.2M
YoY Change 10.64% 13.41% 3.18%
% of Gross Profit 63.02% 70.31% 73.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.91M $25.80M $27.04M
YoY Change -13.2% -20.87% -35.46%
% of Gross Profit 3.06% 3.62% 4.1%
Operating Expenses $512.4M $501.4M $486.2M
YoY Change 10.64% 13.41% 3.18%
Operating Profit $274.4M $211.7M $168.2M
YoY Change 212.95% 269.92% 274.71%
Interest Expense $25.91M $21.63M $22.84M
YoY Change 15.99% 0.67% -202.44%
% of Operating Profit 9.44% 10.22% 13.58%
Other Income/Expense, Net -$469.0K $1.737M -$409.0K
YoY Change -109.81% -230.31% -90.49%
Pretax Income $248.0M $191.8M $145.0M
YoY Change 253.71% 457.45% -722.27%
Income Tax $64.61M $40.96M $33.67M
% Of Pretax Income 26.05% 21.36% 23.22%
Net Earnings $183.4M $150.8M $111.3M
YoY Change 70.65% 687.04% -688.98%
Net Earnings / Revenue 2.83% 2.57% 1.99%
Basic Earnings Per Share $1.86 $1.52 $1.12
Diluted Earnings Per Share $1.84 $1.50 $1.10
COMMON SHARES
Basic Shares Outstanding 98.66M 99.03M 99.65M
Diluted Shares Outstanding 99.49M 100.3M 101.1M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.5M $167.8M $299.1M
YoY Change -38.25% -55.37% -38.07%
Cash & Equivalents $199.5M $167.8M $299.1M
Short-Term Investments
Other Short-Term Assets $172.8M $156.0M $161.8M
YoY Change 10.76% -0.02% -22.93%
Inventory $3.681B $3.543B $3.284B
Prepaid Expenses
Receivables $4.165B $4.078B $3.720B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.218B $7.944B $7.465B
YoY Change 24.42% 23.08% 13.07%
LONG-TERM ASSETS
Property, Plant & Equipment $323.4M $338.2M $351.9M
YoY Change -15.13% -16.14% -12.93%
Goodwill $805.4M $823.7M $824.0M
YoY Change -3.94% -1.33% 3.14%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $174.1M $207.4M $289.7M
YoY Change -25.06% -16.39% 20.68%
Total Long-Term Assets $1.564B $1.637B $1.746B
YoY Change -11.2% -9.57% -1.85%
TOTAL ASSETS
Total Short-Term Assets $8.218B $7.944B $7.465B
Total Long-Term Assets $1.564B $1.637B $1.746B
Total Assets $9.782B $9.581B $9.211B
YoY Change 16.92% 15.93% 9.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.969B $2.694B $2.468B
YoY Change 48.31% 39.16% 23.07%
Accrued Expenses $616.1M $588.6M $588.3M
YoY Change 16.91% 13.09% 9.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $424.2M $350.0M $0.00
YoY Change 41.39% 12.18% -100.0%
Total Short-Term Liabilities $4.066B $3.689B $3.113B
YoY Change 40.88% 30.51% 12.54%
LONG-TERM LIABILITIES
Long-Term Debt $922.0M $1.145B $1.390B
YoY Change 2.92% 27.8% 16.27%
Other Long-Term Liabilities $320.5M $323.3M $332.3M
YoY Change -19.08% -13.11% -12.41%
Total Long-Term Liabilities $1.243B $1.468B $1.722B
YoY Change -3.83% 15.79% 9.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.066B $3.689B $3.113B
Total Long-Term Liabilities $1.243B $1.468B $1.722B
Total Liabilities $5.525B $5.378B $5.066B
YoY Change 24.77% 23.52% 10.03%
SHAREHOLDERS EQUITY
Retained Earnings $2.800B $2.686B $2.593B
YoY Change 14.15% 13.52% 9.53%
Common Stock $1.743B $1.741B $1.731B
YoY Change 1.88% 1.87% 1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.257B $4.203B $4.146B
YoY Change
Total Liabilities & Shareholders Equity $9.782B $9.581B $9.211B
YoY Change 16.92% 15.93% 9.9%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $183.4M $150.8M $111.3M
YoY Change 70.65% 687.04% -688.98%
Depreciation, Depletion And Amortization $24.91M $25.80M $27.04M
YoY Change -13.2% -20.87% -35.46%
Cash From Operating Activities $243.8M -$232.2M -$30.97M
YoY Change -2562.54% -373.22% -125.3%
INVESTING ACTIVITIES
Capital Expenditures -$11.56M -$10.09M $12.03M
YoY Change 28.48% -215.99% -131.07%
Acquisitions
YoY Change
Other Investing Activities $16.80M $67.95M -$318.0K
YoY Change 211.06% -469.3% -139.75%
Cash From Investing Activities $5.234M $57.86M -$11.71M
YoY Change -249.54% -690.42% -69.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.566M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -202.9M 56.75M 142.5M
YoY Change 471.59% -130.74% -261.37%
NET CHANGE
Cash From Operating Activities 243.8M -232.2M -30.97M
Cash From Investing Activities 5.234M 57.86M -11.71M
Cash From Financing Activities -202.9M 56.75M 142.5M
Net Change In Cash 46.11M -117.6M 99.41M
YoY Change -194.3% 7.52% -2716.05%
FREE CASH FLOW
Cash From Operating Activities $243.8M -$232.2M -$30.97M
Capital Expenditures -$11.56M -$10.09M $12.03M
Free Cash Flow $255.4M -$222.2M -$42.99M
YoY Change -28472.67% -391.15% -126.69%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2845000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
4256720000
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
CY2021Q2 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
CY2022Q2 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
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
CY2021Q2 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
CY2022Q2 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#TechnologyServiceMember
dei Entity Central Index Key
EntityCentralIndexKey
0000008858
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--07-02
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-04-02
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-4224
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 Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
97681729
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199457000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199691000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4164573000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3576130000
CY2022Q2 us-gaap Inventory Net
InventoryNet
3680821000
CY2021Q3 us-gaap Inventory Net
InventoryNet
3236837000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
172792000
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
150763000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
8217643000
CY2021Q3 us-gaap Assets Current
AssetsCurrent
7163421000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
323420000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
368452000
CY2022Q2 us-gaap Goodwill
Goodwill
805384000
CY2021Q3 us-gaap Goodwill
Goodwill
838105000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15975000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28539000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
245149000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
265988000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
174102000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
260917000
CY2022Q2 us-gaap Assets
Assets
9781673000
CY2021Q3 us-gaap Assets
Assets
8925422000
CY2022Q2 us-gaap Debt Current
DebtCurrent
424182000
CY2021Q3 us-gaap Debt Current
DebtCurrent
23078000
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2968845000
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2401357000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
616079000
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
572457000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
56682000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
58346000
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
4065788000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
3055238000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
922041000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1191329000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
216609000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
239838000
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
320515000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
354833000
CY2022Q2 us-gaap Liabilities
Liabilities
5524953000
CY2021Q3 us-gaap Liabilities
Liabilities
4841238000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
97980213
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
99601393
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
97980000
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
99601000
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1644715000
CY2021Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1622160000
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2799792000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2516170000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-285767000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-153747000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
4256720000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4084184000
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9781673000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8925422000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6488143000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4916714000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17938055000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14307945000
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
5675110000
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
4348364000
us-gaap Cost Of Revenue
CostOfRevenue
15752295000
us-gaap Cost Of Revenue
CostOfRevenue
12712262000
CY2022Q2 us-gaap Gross Profit
GrossProfit
813033000
CY2021Q2 us-gaap Gross Profit
GrossProfit
568350000
us-gaap Gross Profit
GrossProfit
2185760000
us-gaap Gross Profit
GrossProfit
1595683000
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
512364000
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
463092000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1499904000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1376333000
CY2022Q2 us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
26261000
us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
26261000
CY2021Q2 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
17574000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
5272000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
55943000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
274408000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
87684000
us-gaap Operating Income Loss
OperatingIncomeLoss
654323000
us-gaap Operating Income Loss
OperatingIncomeLoss
163407000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-469000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4779000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
858000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16052000
CY2022Q2 us-gaap Interest Expense
InterestExpense
25914000
CY2021Q2 us-gaap Interest Expense
InterestExpense
22342000
us-gaap Interest Expense
InterestExpense
70388000
us-gaap Interest Expense
InterestExpense
66128000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
248025000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70121000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
584793000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81227000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64608000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-37363000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
139237000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-26532000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
183417000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
107484000
us-gaap Net Income Loss
NetIncomeLoss
445556000
us-gaap Net Income Loss
NetIncomeLoss
107759000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98659000
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-48982000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99542000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99113000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99125000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99486000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100247000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100296000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100013000
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.74
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.63
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
183417000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
107484000
us-gaap Net Income Loss
NetIncomeLoss
445556000
us-gaap Net Income Loss
NetIncomeLoss
107759000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-66033000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-65021000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-144052000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
145352000
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4009000
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3983000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-12032000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-17589000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
121393000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
46446000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
313536000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
270700000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4084184000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
111318000
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-29036000
CY2021Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4012000
CY2021Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23893000
CY2021Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10503000
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9517000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
4145599000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
150821000
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4010000
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23749000
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
35342000
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10869000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
4203226000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
183417000
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-66033000
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4009000
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
25612000
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
45132000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1596000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
3937887000
us-gaap Net Income Loss
NetIncomeLoss
445556000
us-gaap Net Income Loss
NetIncomeLoss
107759000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
65719000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
67462000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12034000
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
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
107484000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-65021000
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3983000
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
20888000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35730000
avt Amortization Of Operating Lease Assets
AmortizationOfOperatingLeaseAssets
40298000
avt Amortization Of Operating Lease Assets
AmortizationOfOperatingLeaseAssets
42054000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1423000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-11510000
us-gaap Share Based Compensation
ShareBasedCompensation
28638000
us-gaap Share Based Compensation
ShareBasedCompensation
22293000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
15166000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-47667000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7558000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
880957000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
405700000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
549999000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-63017000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
628822000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
224151000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
141381000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6526000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19418000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
197526000
us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
57400000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
232347000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
117982000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-2192000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
88952000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
73253000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
62400000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-16853000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-11455000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3676000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-308394000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33679000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39001000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18371000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
84343000
us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
2054000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
300000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
192000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
9194000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5666000
us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
AllowanceForLoanAndLeaseLossesForeignCurrencyTranslation
-2623000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-724000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6201000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
51388000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51171000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-28528000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7750000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-234000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-154289000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199691000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
477038000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199457000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322749000
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 2022 contains 52 weeks compared to fiscal 2021, which contained 53 weeks. As a result, the first nine months of fiscal 2022, contained 39 weeks compared to the first nine months of fiscal 2021, which contained 40 weeks.</p>
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4279564000
CY2021Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3664290000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
114991000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
88160000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
88160000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65018000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
21746000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
7370000
avt Provision For Russian Ukraine Conflict Losses
ProvisionForRussianUkraineConflictLosses
17202000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
114991000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
85789000
us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
26300000
avt Provision For Russian Ukraine Conflict Losses
ProvisionForRussianUkraineConflictLosses
17200000
avt Product Write Downs Related To Russia Ukraine Conflict
ProductWriteDownsRelatedToRussiaUkraineConflict
9100000
CY2021Q3 us-gaap Goodwill
Goodwill
838105000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-32721000
CY2022Q2 us-gaap Goodwill
Goodwill
805384000
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1482677000
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1482677000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
420915000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
404940000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15975000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
439409000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
410870000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28539000
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
17473000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12000000.0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35700000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3059000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6428000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3176000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1472000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1472000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
368000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15975000
CY2022Q2 us-gaap Debt Current
DebtCurrent
424182000
CY2021Q3 us-gaap Debt Current
DebtCurrent
23078000
CY2022Q2 avt Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
930457000
CY2021Q3 avt Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
1201185000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8416000
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9856000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
922041000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1191329000
CY2022Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1350000000
CY2022Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1350000000
CY2021Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1210000000
CY2021Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1300000000
CY2022Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P16Y
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
17220000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
18608000
us-gaap Operating Lease Cost
OperatingLeaseCost
52196000
us-gaap Operating Lease Cost
OperatingLeaseCost
55105000
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
6853000
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
5584000
us-gaap Variable Lease Cost
VariableLeaseCost
19704000
us-gaap Variable Lease Cost
VariableLeaseCost
17296000
CY2022Q2 us-gaap Lease Cost
LeaseCost
24073000
CY2021Q2 us-gaap Lease Cost
LeaseCost
24192000
us-gaap Lease Cost
LeaseCost
71900000
us-gaap Lease Cost
LeaseCost
72401000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
18447000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
62316000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
45467000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35680000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
30059000
CY2022Q2 avt Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
135164000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
327133000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
53842000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
273291000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
us-gaap Operating Lease Payments
OperatingLeasePayments
43109000
us-gaap Operating Lease Payments
OperatingLeasePayments
44219000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25897000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36150000
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
22660000
CY2021Q3 us-gaap Derivative Assets
DerivativeAssets
15722000
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
21850000
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
23994000
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-8777000
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2574000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-24560000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-13201000
CY2021Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
14700000
CY2022Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
14700000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
8200000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.533
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.327
CY2022Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3752000
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3938000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
11255000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
11813000
CY2022Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3947000
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3976000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11841000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11928000
CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12284000
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12421000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
36852000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
37261000
CY2022Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1000
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
75000
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
3000
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
226000
CY2022Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-4085000
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-5151000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-12257000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-15453000
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-499000
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
719000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1496000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2159000
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2950000000
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1100000
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
45100000
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
378000000.0
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25600000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
183417000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
107484000
us-gaap Net Income Loss
NetIncomeLoss
445556000
us-gaap Net Income Loss
NetIncomeLoss
107759000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98659000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99542000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99113000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99125000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
827000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
705000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1183000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
888000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99486000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100247000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100296000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100013000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5393000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5232000
CY2022Q2 avt Unsettled Repurchases Of Common Stock
UnsettledRepurchasesOfCommonStock
2025000
us-gaap Interest Paid Net
InterestPaidNet
65514000
us-gaap Interest Paid Net
InterestPaidNet
61127000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
111351000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
56135000
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3700000
CY2021Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3800000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6488143000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4916714000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17938055000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14307945000
CY2021Q2 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
17574000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
5272000
avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
55943000
CY2022Q2 us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
26261000
us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
26261000
CY2022Q2 avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
3074000
CY2021Q2 avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
5283000
avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
12109000
avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
35875000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
274408000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
87684000
us-gaap Operating Income Loss
OperatingIncomeLoss
654323000
us-gaap Operating Income Loss
OperatingIncomeLoss
163407000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6488143000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4916714000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17938055000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14307945000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
323420000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
368452000

Files In Submission

Name View Source Status
0000008858-22-000020-index-headers.html Edgar Link pending
0000008858-22-000020-index.html Edgar Link pending
0000008858-22-000020.txt Edgar Link pending
0000008858-22-000020-xbrl.zip Edgar Link pending
avt-20220402.xsd Edgar Link pending
avt-20220402ex1013726ef.htm Edgar Link pending
avt-20220402ex1020aefc0.htm Edgar Link pending
avt-20220402ex103a0fa69.htm Edgar Link pending
avt-20220402ex103b06cca.htm Edgar Link pending
avt-20220402ex103c6a540.htm Edgar Link pending
avt-20220402ex31160d597.htm Edgar Link pending
avt-20220402ex312c95b12.htm Edgar Link pending
avt-20220402ex321bec680.htm Edgar Link pending
avt-20220402ex3229c1506.htm Edgar Link pending
avt-20220402x10q.htm Edgar Link pending
avt-20220402x10q_htm.xml Edgar Link completed
avt-20220402_cal.xml Edgar Link unprocessable
avt-20220402_def.xml Edgar Link unprocessable
avt-20220402_lab.xml Edgar Link unprocessable
avt-20220402_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
R6.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