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CDW CDW

Cover Page

Cover Page - shares6 Months Ended
Jun. 30, 2020Jul. 31, 2020
Cover [Abstract]
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateJun. 30,
2020
Document Transition Reportfalse
Entity File Number001-35985
Entity Central Index Key0001402057
Current Fiscal Year End Date--12-31
Entity Registrant NameCDW CORP
Entity Incorporation, State or Country CodeDE
Entity Tax Identification Number26-0273989
Entity Address, Address Line One75 Tri-State International
Entity Address, City or TownLincolnshire
Entity Address, State or ProvinceIL
Entity Address, Postal Zip Code60069
City Area Code847
Local Phone Number465-6000
Title of 12(b) SecurityCommon stock, par value $0.01 per share
Trading SymbolCDW
Security Exchange NameNASDAQ
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryLarge Accelerated Filer
Entity Emerging Growth Companyfalse
Entity Small Businessfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding142,669,659
Document Fiscal Year Focus2020
Document Fiscal Period FocusQ2
Amendment Flagfalse

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in MillionsJun. 30, 2020Dec. 31, 2019
Current assets:
Cash and cash equivalents $ 958.4 $ 154
Accounts receivable, net of allowance for credit losses of $30.7 and $7.9, respectively3,029 3,002.2
Merchandise inventory694.8 611.2
Miscellaneous receivables353.9 395.1
Prepaid expenses and other199.7 171.6
Total current assets5,235.8 4,334.1
Operating lease right-of-use assets137.3 131.8
Property and equipment, net326.5 363.1
Goodwill2,532.1 2,553
Other intangible assets, net492.9 594.1
Other assets24.9 23.3
Total Assets8,749.5 7,999.4
Current liabilities:
Accounts payable-trade1,809 1,835
Accounts payable-inventory financing479.1 429.9
Current maturities of long-term debt37.9 34.1
Contract liabilities275.4 252.2
Accrued expenses and other current liabilities:
Compensation163.2 212.3
Advertising145.2 147.9
Sales and income taxes145.4 88.6
Other506.3 491.4
Total current liabilities3,561.5 3,491.4
Long-term liabilities:
Debt3,861.6 3,283.2
Deferred income taxes67.6 62.4
Operating lease liabilities138 131.1
Other liabilities65.2 71
Total long-term liabilities4,132.4 3,547.7
Stockholders' equity:
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods0 0
Common stock, $0.01 par value, 1,000.0 shares authorized; 142.6 and 143.0 shares outstanding, respectively1.4 1.4
Paid-in capital3,138.3 3,095.3
Accumulated deficit(1,932.5)(2,018.6)
Accumulated other comprehensive loss(151.6)(117.8)
Total stockholders' equity1,055.6 960.3
Total Liabilities and Stockholders' Equity $ 8,749.5 $ 7,999.4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in MillionsJun. 30, 2020Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts $ 30.7 $ 7.9
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares)100,000,000 100,000,000
Preferred stock, issued (in shares)0 0
Preferred stock, outstanding (in shares)0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares)1,000,000,000 1,000,000,000
Common stock, shares issued (in shares)142,600,000 143,000,000
Common stock, shares outstanding (in shares)142,600,000 143,000,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019
Income Statement [Abstract]
Net sales $ 4,365.7 $ 4,629.9 $ 8,754.9 $ 8,587.8
Cost of sales3,618.5 3,856.1 7,251.2 7,141.9
Gross profit747.2 773.8 1,503.7 1,445.9
Selling and administrative expenses463.8 473.5 974.5 916.7
Operating income283.4 300.3 529.2 529.2
Interest expense, net(39.7)(40.5)(77.6)(78.8)
Other income, net1.7 1.4 5.6 2.4
Income before income taxes245.4 261.2 457.2 452.8
Income tax expense(56.3)(64.6)(100.2)(103.3)
Net income $ 189.1 $ 196.6 $ 357 $ 349.5
Net income per common share:
Basic (in dollars per share) $ 1.32 $ 1.35 $ 2.50 $ 2.39
Diluted (in dollars per share) $ 1.31 $ 1.33 $ 2.47 $ 2.35
Weighted-average common shares outstanding:
Basic (in shares)142.4 145.7 142.5 146.3
Diluted (in shares)144.3 148.3 144.6 148.7

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income $ 189.1 $ 196.6 $ 357 $ 349.5
Other comprehensive income (loss):
Unrealized loss from hedge accounting, net of tax0 (4.1)(0.2)(12.4)
Reclassification of hedge accounting loss to net income, net of tax1.4 0.2 2.5 1.7
Foreign currency translation, net of tax6.3 (8)(36.1)1.9
Other comprehensive income (loss)7.7 (11.9)(33.8)(8.8)
Comprehensive income $ 196.8 $ 184.7 $ 323.2 $ 340.7

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) shares in Millions, $ in MillionsTotalCommon StockPaid-in CapitalAccumulated DeficitAccumulated Other Comprehensive LossCumulative Effect, Period of Adoption, AdjustmentCumulative Effect, Period of Adoption, AdjustmentAccumulated Deficit
Beginning balance (in shares) at Dec. 31, 2018147.7
Beginning balance at Dec. 31, 2018 $ 975.2 $ 1.5 $ 2,996.9 $ (1,892.6) $ (130.6)
Shareholders' Equity (Deficit) [Roll Forward]
Net income349.5 349.5
Equity-based compensation expense24 24
Stock option exercises (in shares)0.7
Stock option exercises19 19
Coworker Stock Purchase Plan7.3 7.3
Repurchases of common stock (in shares)(3.4)
Repurchases of common stock(332.2) $ 0 (332.2)
Dividends paid(86.3)0.4 (86.7)
Incentive compensation plan stock withheld for taxes(11.6)(11.6)
Foreign currency translation1.9 1.9
Unrealized (loss) gain from hedge accounting(12.4)(12.4)
Reclassification of hedge accounting loss to net income1.7 1.7
Ending balance (in shares) at Jun. 30, 2019145
Ending balance at Jun. 30, 2019936.1 $ 1.5 3,047.6 (1,973.6)(139.4)
Beginning balance (in shares) at Mar. 31, 2019146.3
Beginning balance at Mar. 31, 2019927.3 $ 1.5 3,025.3 (1,972)(127.5)
Shareholders' Equity (Deficit) [Roll Forward]
Net income196.6 196.6
Equity-based compensation expense11.8 11.8
Stock option exercises (in shares)0.2
Stock option exercises6 6
Coworker Stock Purchase Plan (in shares)0
Coworker Stock Purchase Plan4.3 4.3
Repurchases of common stock (in shares)(1.5)
Repurchases of common stock(155.1)(155.1)
Dividends paid(42.9)0.2 (43.1)
Foreign currency translation(8)(8)
Unrealized (loss) gain from hedge accounting(4.1)(4.1)
Reclassification of hedge accounting loss to net income0.2 0.2
Ending balance (in shares) at Jun. 30, 2019145
Ending balance at Jun. 30, 2019936.1 $ 1.5 3,047.6 (1,973.6)(139.4)
Beginning balance (in shares) at Dec. 31, 2019143
Beginning balance at Dec. 31, 2019960.3 $ 1.4 3,095.3 (2,018.6)(117.8) $ 0.5 $ 0.5
Shareholders' Equity (Deficit) [Roll Forward]
Net income357 357
Equity-based compensation expense14.4 14.4
Stock option exercises (in shares)0.7
Stock option exercises19.8 19.8
Coworker Stock Purchase Plan8.3 8.3
Repurchases of common stock (in shares)(1.1)
Repurchases of common stock(140.8) $ 0 (140.8)
Dividends paid(108.2)0.5 (108.7)
Incentive compensation plan stock withheld for taxes(21.9)(21.9)
Foreign currency translation(36.1)(36.1)
Unrealized (loss) gain from hedge accounting(0.2)(0.2)
Reclassification of hedge accounting loss to net income2.5 2.5
Ending balance (in shares) at Jun. 30, 2020142.6
Ending balance at Jun. 30, 20201,055.6 $ 1.4 3,138.3 (1,932.5)(151.6)
Beginning balance (in shares) at Mar. 31, 2020142.3
Beginning balance at Mar. 31, 2020889.7 $ 1.4 3,114.9 (2,067.3)(159.3)
Shareholders' Equity (Deficit) [Roll Forward]
Net income189.1 189.1
Equity-based compensation expense5.6 5.6
Stock option exercises (in shares)0.3
Stock option exercises12.7 12.7
Coworker Stock Purchase Plan4.8 4.8
Dividends paid(54)0.3 (54.3)
Foreign currency translation6.3 6.3
Unrealized (loss) gain from hedge accounting0
Reclassification of hedge accounting loss to net income1.4 1.4
Ending balance (in shares) at Jun. 30, 2020142.6
Ending balance at Jun. 30, 2020 $ 1,055.6 $ 1.4 $ 3,138.3 $ (1,932.5) $ (151.6)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares3 Months Ended6 Months Ended12 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible List]us-gaap:AccountingStandardsUpdate201613Member
Dividends (in dollars per share) $ 0.380 $ 0.295 $ 0.76 $ 0.59

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2020Jun. 30, 2019
Cash flows from operating activities:
Net income $ 357 $ 349.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization216.6 129.3
Equity-based compensation expense14.4 24.9
Deferred income taxes7.3 (22.5)
Provision for credit losses27.1 1.9
Other6.8 4.5
Changes in assets and liabilities:
Accounts receivable(80.4)(230.1)
Merchandise inventory(89.3)(197.3)
Other assets19.3 (109.6)
Accounts payable-trade(2.1)414.9
Other liabilities39.1 49
Net cash provided by operating activities515.8 414.5
Cash flows used in investing activities:
Capital expenditures(100)(43.9)
Acquisition of business, net of cash acquired0 (75)
Net cash used in investing activities(100)(118.9)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility1,024 891
Repayments of borrowings under revolving credit facility(1,025)(815)
Proceeds from issuance of long-term debt600 0
Net change in accounts payable-inventory financing52.3 36.3
Repurchases of common stock(140.8)(332.2)
Payment of incentive compensation plan withholding taxes(21.9)(11.6)
Dividend payments(108.3)(86.3)
Other14 12.6
Net cash provided by (used in) financing activities394.3 (305.2)
Effect of exchange rate changes on cash and cash equivalents(5.7)(1.7)
Net increase (decrease) in cash and cash equivalents804.4 (11.3)
Cash and cash equivalents—beginning of period154 205.8
Cash and cash equivalents—end of period958.4 194.5
Supplementary disclosure of cash flow information:
Interest paid(67.2)(76)
Taxes paid, net $ (21.5) $ (115.2)

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting PoliciesDescription of Business and Summary of Significant Accounting Policies Description of Business CDW Corporation ("Parent"), a Fortune 500 company and member of the S&P 500 Index, is a market-leading provider of integrated information technology ("IT") solutions to small, medium and large business, government, education and healthcare customers in the United States ("US"), the United Kingdom ("UK") and Canada. The Company's offerings range from discrete hardware and software products to integrated IT solutions such as mobility, security, data center optimization, cloud computing, virtualization and collaboration. Throughout this report, the terms the "Company" and "CDW" refer to Parent and its 100% owned subsidiaries. Parent has two 100% owned subsidiaries, CDW LLC and CDW Finance Corporation. CDW LLC is an Illinois limited liability company that, together with its 100% owned subsidiaries, holds all material assets and conducts all business activities and operations of the Company. CDW Finance Corporation is a Delaware corporation formed for the sole purpose of acting as co-issuer of certain debt obligations and does not hold any material assets or engage in any business activities or operations. Basis of Presentation The accompanying unaudited interim Consolidated Financial Statements as of June 30, 2020 and for the three and six months ended June 30, 2020 and 2019 (the "Consolidated Financial Statements") have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and the rules and regulations of the US Securities and Exchange Commission (the "SEC") for interim financial statements. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 (the " December 31, 2019 Consolidated Financial Statements"). The significant accounting policies used in preparing these Consolidated Financial Statements were applied on a basis consistent with those reflected in the December 31, 2019 Consolidated Financial Statements. In the opinion of management, the Consolidated Financial Statements contain all adjustments (consisting of a normal, recurring nature) necessary to present fairly the Company's financial position, results of operations, comprehensive income, cash flows and changes in stockholders' equity as of the dates and for the periods indicated. The unaudited results of operations for such interim periods reported are not necessarily indicative of results for the full year. Reclassifications Certain prior period amounts have been reclassified to conform with current period presentation. Principles of Consolidation The Consolidated Financial Statements include the accounts of Parent and its 100% owned subsidiaries. All intercompany transactions and accounts are eliminated in consolidation. Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances including management’s current assumptions with respect to implications of the COVID-19 pandemic, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results and outcomes could differ from those estimates. The notes to the Consolidated Financial Statements contained in the December 31, 2019 Consolidated Financial Statements include a discussion of the Company's significant accounting policies and estimates. Except as noted within Note 2 (Recent Accounting Pronouncements) for the adoption of Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("Topic 326"), there have been no changes to the Company's significant accounting policies and estimates during the six months ended June 30, 2020 . Accounts Receivable The Company estimates an allowance for credit losses related to accounts receivable for future expected credit losses by using relevant information such as historical information, current conditions, and reasonable and supportable forecasts. The allowance is measured on a pool basis when similar risk characteristics exist, and a loss-rate for each pool is determined using historical credit loss experience as the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current conditions as well as changes in forecasted macroeconomic conditions, such as changes in the unemployment rate or gross domestic product growth rate. The Company has typically experienced a higher loss experience with customers in pools associated within the Corporate, Small Business and Other segments, as compared to the pools associated with the Public segment. During the six months ended June 30, 2020, the Company recognized an allowance of $27 million to reflect the forecasted credit deterioration due to the COVID-19 pandemic, which considered the customer makeup of the Company's pools, the impacts experienced to date and the impacts from the last significant economic downturn in 2008-2009. Due to the higher inherent risk in the pools associated with the Company's Corporate, Small Business, and Other segment, the majority of the additional allowance relates to these segments. As the overall impact and duration of COVID-19 remains uncertain, the Company's estimates and assumptions may evolve as conditions change. Advertising Advertising costs are generally charged to expense in the period incurred and recorded in Selling and administrative expenses in the Consolidated Statements of Operations. During the three months ended June 30, 2020 and 2019 , the Company had advertising costs of $48 million and $53 million , respectively. During the six months ended June 30, 2020 and 2019 , the Company had advertising costs of $93 million and $92 million , respectively.

Recent Accounting Pronouncement

Recent Accounting Pronouncements6 Months Ended
Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting PronouncementsRecent Accounting Pronouncements Reference Rate Reform In March 2020, the Financial Accounting Standards Board issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU temporarily provides optional expedients and exceptions for applying existing guidance to contract modifications, hedging relationships and other transactions that are expected to be affected by reference rate reform. This ASU was effective upon its issuance and will remain in effect for all contract modifications and hedging relationships entered into through December 31, 2022. The adoption of this ASU along with the related expedients did not have an impact to the Company’s Consolidated Financial Statements. Measurement of Credit Losses on Financial Instruments On January 1, 2020, the Company adopted and applied Topic 326 using the modified retrospective approach. Topic 326 introduced a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables, which is reflected in the Company’s policies. The adoption of Topic 326, as well as the adjustment to retained earnings for the cumulative effect, was not significant to the Company's Consolidated Financial Statements.

Inventory Financing Agreements

Inventory Financing Agreements6 Months Ended
Jun. 30, 2020
Inventory Financing Agreements [Abstract]
Inventory Financing AgreementsInventory Financing Agreements The Company has entered into agreements with certain financial intermediaries to facilitate the purchase of inventory from various suppliers under certain terms and conditions, as described below. These amounts are classified separately as Accounts payable-inventory financing on the Consolidated Balance Sheets. The Company does not incur any interest expense associated with these agreements as balances are paid when they are due. Amounts included in Accounts payable-inventory financing are as follows: June 30, 2020 December 31, 2019 Revolving Loan inventory financing agreement (1) $ 444.8 $ 379.1 Other inventory financing agreements 34.3 50.8 Accounts payable-inventory financing $ 479.1 $ 429.9 (1) The senior secured asset-based revolving credit facility includes an inventory floorplan sub-facility that enables the Company to maintain an inventory financing agreement with a financial intermediary to facilitate the purchase of inventory from certain vendors on more favorable terms than offered directly by the vendors.

Contract Liabilities and Perfor

Contract Liabilities and Performance Obligations6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract Liabilities and Performance ObligationsContract Liabilities and Performance Obligations The Company's contract liabilities consist of payments received from customers, or such consideration that is contractually due, in advance of providing the product or performing services. The Company's contract liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. As of June 30, 2020 and December 31, 2019 , the contract liability balance was $275 million and $252 million , respectively. During the six months ended June 30, 2020 and 2019 , the Company recognized revenue of $210 million and $113 million , respectively, related to its contract liabilities. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The following table represents the total transaction price for the remaining performance obligations as of June 30, 2020 related to noncancelable contracts longer than 12 months in duration that is expected to be recognized over future periods. Within 1 Year Years 1-2 Years 2-3 Thereafter Remaining performance obligations $ 37.2 $ 19.7 $ 7.3 $ 0.2

Financial Instruments

Financial Instruments6 Months Ended
Jun. 30, 2020
Financial Instruments [Abstract]
Financial InstrumentsFinancial Instruments The Company's indebtedness creates interest rate risk on its variable-rate debt. The Company uses derivative financial instruments to manage its exposure to interest rate risk. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. The Company has interest rate cap agreements that entitle it to payments from the counterparty of the amount, if any, by which three-month London Interbank Offered Rate ("LIBOR") exceeds the strike rates of the caps during the agreement period in exchange for an upfront premium. During 2020 , the Company did not enter into interest rate cap agreements. As of June 30, 2020 and December 31, 2019 , the Company had interest rate cap agreements with a fair value of less than $1 million which were classified within Other assets on the Consolidated Balance Sheets. The total notional value of the interest rate cap agreements was $2.8 billion as of June 30, 2020 and December 31, 2019 of which $1.4 billion mature at December 31, 2020 and December 31, 2022, respectively. The fair values of the Company's interest rate cap agreements are classified as Level 2 in the fair value hierarchy. The valuation of the interest rate cap agreements is derived by using a discounted cash flow analysis on the expected cash receipts that would occur if variable interest rates rise above the strike rates of the caps. This analysis reflects the contractual terms of the interest rate cap agreements, including the period to maturity, and uses observable market-based inputs, including LIBOR curves and implied volatilities. The Company also incorporates insignificant credit valuation adjustments to appropriately reflect the respective counterparty's nonperformance risk in the fair value measurements. The counterparty credit spreads are based on publicly available credit information obtained from a third-party credit data provider. For additional information, see Note 6 (Long-Term Debt) . The interest rate cap agreements are designated as cash flow hedges. The changes in the fair value of derivatives that qualify as cash flow hedges are recorded in Accumulated other comprehensive loss ("AOCL") and are subsequently reclassified into Interest expense in the period when the hedged forecasted transaction affects earnings. The following tables provide the activity in AOCL, net of tax, for the three and six months ended June 30, 2020 and 2019 . Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Change in fair value recorded to AOCL $ — $ (4.1 ) $ (0.2 ) $ (12.4 ) Reclassification from AOCL to Interest expense, net $ 1.4 $ 0.2 $ 2.5 $ 1.7 The Company expects to reclassify $6 million from AOCL to earnings within Interest expense, net during the next 12 months.

Long-Term Debt

Long-Term Debt6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]
Long-Term DebtLong-Term Debt As of June 30, 2020 As of December 31, 2019 Maturity Date Interest Rate Amount Interest Rate Amount Credit Facilities CDW UK revolving credit facility (1) July 2021 — % $ — — % $ — Senior secured asset-based revolving credit facility March 2022 1.438 % 50.0 5.000 % 51.0 Total credit facilities 50.0 51.0 Term Loans CDW UK term loan (1) August 2021 1.622 % 57.0 2.190 % 61.0 Senior secured term loan facility October 2026 1.930 % 1,430.8 3.550 % 1,438.3 Total term loans 1,487.8 1,499.3 Unsecured Senior Notes Senior notes due 2024 December 2024 5.500 % 575.0 5.500 % 575.0 Senior notes due 2025 May 2025 4.125 % 600.0 — % — Senior notes due 2025 September 2025 5.000 % 600.0 5.000 % 600.0 Senior notes due 2028 April 2028 4.250 % 600.0 4.250 % 600.0 Total unsecured senior notes 2,375.0 1,775.0 Other long-term obligations 12.7 12.6 Unamortized deferred financing fees (26.0 ) (20.6 ) Current maturities of long-term debt (37.9 ) (34.1 ) Total long-term debt $ 3,861.6 $ 3,283.2 (1) British pound-denominated debt facilities. As of June 30, 2020 , the Company is in compliance with the covenants under the various credit agreements and indentures. Credit Facilities The Company has a variable rate CDW UK revolving credit facility that is denominated in British pounds. As of June 30, 2020 , the Company could have borrowed up to an additional £50 million ( $62 million ) under the CDW UK revolving credit facility. The Company also has a variable rate senior secured asset-based revolving credit facility (the "Revolving Loan") that is denominated in US dollars. The Revolving Loan is used by the Company for borrowings, issuances of letters of credit and floorplan financing. As of June 30, 2020 , the Revolving Loan had less than $1 million of undrawn letters of credit, $432 million reserved for the floorplan sub-facility and a borrowing base of $2.2 billion , which is based on the amount of eligible inventory and accounts receivable balances as of May 31, 2020 . As of June 30, 2020 , the Company could have borrowed up to an additional $1.0 billion under the Revolving Loan. The Revolving Loan is collateralized by a first priority interest in inventory (excluding inventory to the extent collateralized under the inventory financing arrangements as described in Note 3 (Inventory Financing Agreements) ), deposits and accounts receivable, and by a second priority interest in substantially all other US assets. Term Loans The CDW UK term loan has a variable interest rate. The Company is required to make annual principal installments of £5 million ( $6 million ), with the remaining principal amount due at the maturity date. The CDW UK term loan agreement imposes restrictions on CDW UK's ability to transfer funds to the Company through the payment of dividends, repayment of intercompany loans, advances or subordinated debt that require, among other things, the maintenance of a minimum net leverage ratio. As of June 30, 2020 , the amount of restricted payment capacity under the CDW UK term loan was £160 million ( $198 million ). The senior secured term loan facility (the "Term Loan") has a variable interest rate, which has effectively been capped through the use of interest rate caps (see Note 5 (Financial Instruments) ). The interest rate disclosed in the table above represents the variable interest rates in effect for June 30, 2020 and December 31, 2019 , respectively. The Company is required to pay quarterly principal installments of $4 million with the remaining principal amount due at the maturity date. As of June 30, 2020 , the amount of CDW's restricted payment capacity under the Term Loan was $2.0 billion . The Term Loan is collateralized by a second priority interest in substantially all inventory (excluding inventory to the extent collateralized under the inventory financing arrangements as described in Note 3 (Inventory Financing Agreements) , deposits and accounts receivable, and by a first priority interest in substantially all other US assets. Unsecured Senior Notes The senior notes have fixed interest rates, for which interest is paid semi-annually. On April 21, 2020, CDW completed the issuance of $600 million aggregate principal amount of 4.125% Senior Notes due 2025 at par. The 2025 Senior Notes will mature on May 1, 2025 and bear interest of 4.125% per annum, payable semi-annually on May 1 and November 1 of each year, commencing November 1, 2020. Fair Value The fair values of the Senior Notes were estimated using quoted market prices for identical liabilities that are traded in over-the-counter secondary markets that are not considered active. The fair value of the Term Loan was estimated using dealer quotes for identical liabilities in markets that are not considered active. The Senior Notes, Term Loan and CDW UK term loan are classified as Level 2 within the fair value hierarchy. The carrying value of the Revolving Loan and CDW UK revolving credit facility approximate fair value if there are outstanding borrowings. The approximate fair values and related carrying values of the Company's long-term debt, including current maturities and excluding unamortized discount and unamortized deferred financing fees, are as follows: June 30, 2020 December 31, 2019 Fair value $ 3,965.2 $ 3,447.5 Carrying value 3,925.5 3,337.9

Income Taxes

Income Taxes6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income TaxesIncome Taxes On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was enacted into law. The primary impact to the Company’s financial statements as a result of the CARES Act was the deferral of US corporate income tax payments from the second quarter of 2020 to July 2020, as well as the deferral of employer related payroll tax payments from the second, third and fourth quarters of 2020 with 50% to be paid in the fourth quarter of 2021 and the remaining 50% to be paid in the fourth quarter of 2022. Income tax expense was $56 million and $65 million for the three months ended June 30, 2020 and 2019 , respectively. The effective tax rate, expressed by calculating the income tax expense as a percentage of Income before income taxes, was 22.9% and 24.7% for the three months ended June 30, 2020 and 2019, respectively. The effective tax rates differed from the US statutory rate of 21.0% for both periods primarily due to state and local income taxes, partially offset by excess tax benefits on equity-based compensation. Income tax expense was $100 million and $103 million for the six months ended June 30, 2020 and 2019 , respectively. The effective tax rate, expressed by calculating the income tax expense as a percentage of Income before income taxes, was 21.9% for the six months ended June 30, 2020 and differed from the US federal statutory rate of 21.0% with state and local income taxes being largely offset by excess tax benefits on equity-based compensation. The effective tax rate for the six months ended June 30, 2019 was 22.8% and differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes, partially offset by excess tax benefits on equity-based compensation and a discrete tax benefit related to CDW Canada’s acquisition of Scalar Decisions Inc.

Earnings per Share

Earnings per Share6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings per ShareEarnings Per Share The numerator for both basic and diluted earnings per share is Net income. The denominator for basic earnings per share is the weighted-average shares outstanding during the period. A reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic weighted-average shares outstanding 142.4 145.7 142.5 146.3 Effect of dilutive securities (1) 1.9 2.6 2.1 2.4 Diluted weighted-average shares outstanding (2) 144.3 148.3 144.6 148.7 (1) The dilutive effect of outstanding stock options, restricted stock units, restricted stock, performance share units and Coworker Stock Purchase Plan units is reflected in the diluted weighted-average shares outstanding using the treasury stock method. (2) There were fewer than 0.1 million potential common shares excluded from diluted weighted-average shares outstanding for both the three and six months ended June 30, 2020 and 2019 as their inclusion would have had an anti-dilutive effect.

Commitments and Contingencies

Commitments and Contingencies6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and ContingenciesCommitments and Contingencies The Company is party to various legal proceedings that arise in the ordinary course of its business, which include commercial, intellectual property, employment, tort and other litigation matters. The Company is also subject to audit by federal, state, international, national, provincial and local authorities, and by various partners, group purchasing organizations and customers, including government agencies, relating to purchases and sales under various contracts. In addition, the Company is subject to indemnification claims under various contracts. From time to time, certain customers of the Company file voluntary petitions for reorganization or liquidation under the US bankruptcy laws or similar laws of the jurisdictions for the Company's business activities outside of the US. In such cases, certain pre-petition payments received by the Company could be considered preference items and subject to return to the bankruptcy administrator. As of June 30, 2020 , the Company does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for these proceedings and matters, if any, has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, the Company's consolidated financial statements could be adversely affected in any particular period by the unfavorable resolution of one or more of these proceedings or matters.

Segment Information

Segment Information6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]
Segment InformationSegment Information The Company has three reportable segments: Corporate, which is comprised primarily of US private sector business customers with more than 250 employees, Small Business, which primarily serves US private sector business customers with up to 250 employees, and Public, which is comprised of government agencies and education and healthcare institutions in the US. The Company has two other operating segments: CDW UK and CDW Canada, both of which do not meet the reportable segment quantitative thresholds and, accordingly, are included in an all other category ("Other"). Headquarters function costs that are not allocated to the segments are included under the heading of "Headquarters" in the tables below. Information about the Company's segments is as follows: Corporate Small Business Public Other Headquarters Total Three Months Ended June 30, 2020 Net sales $ 1,557.5 $ 302.1 $ 2,022.1 $ 484.0 $ — $ 4,365.7 Operating income (loss) 123.0 21.0 159.9 16.5 (37.0 ) 283.4 Depreciation and amortization expense (22.1 ) (5.6 ) (69.1 ) (7.9 ) (20.5 ) (125.2 ) Three Months Ended June 30, 2019 Net sales $ 1,883.9 $ 377.4 $ 1,840.1 $ 528.5 $ — $ 4,629.9 Operating income (loss) 157.2 26.6 129.4 19.1 (32.0 ) 300.3 Depreciation and amortization expense (21.6 ) (5.6 ) (13.7 ) (7.8 ) (16.3 ) (65.0 ) Corporate Small Business Public Other Headquarters Total Six Months Ended June 30, 2020 Net sales $ 3,468.5 $ 693.6 $ 3,547.4 $ 1,045.4 $ — $ 8,754.9 Operating income (loss) 250.4 48.3 272.3 31.2 (73.0 ) 529.2 Depreciation and amortization expense (44.4 ) (11.4 ) (106.8 ) (15.9 ) (38.1 ) (216.6 ) Six Months Ended June 30, 2019 Net sales $ 3,620.1 $ 733.0 $ 3,170.8 $ 1,063.9 $ — $ 8,587.8 Operating income (loss) 291.9 51.0 205.5 44.7 (63.9 ) 529.2 Depreciation and amortization expense (43.1 ) (11.2 ) (26.4 ) (15.2 ) (33.4 ) (129.3 ) Geographic Areas and Revenue Mix Three Months Ended June 30, 2020 Corporate Small Business Public Other Total Geography (1) United States $ 1,542.9 $ 302.1 $ 2,022.1 $ 3.8 $ 3,870.9 Rest of World 14.6 — — 480.2 494.8 Total Net sales 1,557.5 302.1 2,022.1 484.0 4,365.7 Major Product and Services Hardware 1,207.5 247.0 1,719.6 364.9 3,539.0 Software 243.2 43.2 227.4 68.6 582.4 Services 92.8 7.1 66.4 48.3 214.6 Other (2) 14.0 4.8 8.7 2.2 29.7 Total Net sales 1,557.5 302.1 2,022.1 484.0 4,365.7 Sales by Channel Corporate 1,557.5 — — — 1,557.5 Small Business — 302.1 — — 302.1 Government — — 719.7 — 719.7 Education — — 876.8 — 876.8 Healthcare — — 425.6 — 425.6 Other — — — 484.0 484.0 Total Net sales 1,557.5 302.1 2,022.1 484.0 4,365.7 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 1,387.2 280.7 1,854.2 426.2 3,948.3 Transferred at a point in time where CDW is agent 112.2 18.9 68.3 14.8 214.2 Transferred over time where CDW is principal 58.1 2.5 99.6 43.0 203.2 Total Net sales $ 1,557.5 $ 302.1 $ 2,022.1 $ 484.0 $ 4,365.7 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. Three Months Ended June 30, 2019 Corporate Small Business Public Other Total Geography (1) United States $ 1,881.7 $ 377.4 $ 1,840.1 $ 8.9 $ 4,108.1 Rest of World 2.2 — — 519.6 521.8 Total Net sales 1,883.9 377.4 1,840.1 528.5 4,629.9 Major Product and Services Hardware 1,497.2 316.0 1,523.5 400.7 3,737.4 Software 269.2 49.1 262.6 69.7 650.6 Services 99.8 7.0 49.2 55.3 211.3 Other (2) 17.7 5.3 4.8 2.8 30.6 Total Net sales 1,883.9 377.4 1,840.1 528.5 4,629.9 Sales by Channel Corporate 1,883.9 — — — 1,883.9 Small Business — 377.4 — — 377.4 Government — — 578.4 — 578.4 Education — — 773.6 — 773.6 Healthcare — — 488.1 — 488.1 Other — — — 528.5 528.5 Total Net sales 1,883.9 377.4 1,840.1 528.5 4,629.9 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 1,708.2 355.5 1,725.5 465.0 4,254.2 Transferred at a point in time where CDW is agent 118.7 20.0 65.0 13.5 217.2 Transferred over time where CDW is principal 57.0 1.9 49.6 50.0 158.5 Total Net sales $ 1,883.9 $ 377.4 $ 1,840.1 $ 528.5 $ 4,629.9 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. Six Months Ended June 30, 2020 Corporate Small Business Public Other Total Geography (1) United States $ 3,450.7 $ 693.6 $ 3,547.4 $ 10.0 $ 7,701.7 Rest of World 17.8 — — 1,035.4 1,053.2 Total Net sales 3,468.5 693.6 3,547.4 1,045.4 8,754.9 Major Product and Services Hardware 2,722.6 571.8 2,930.3 772.4 6,997.1 Software 518.0 96.5 467.1 165.6 1,247.2 Services 192.9 15.3 134.2 102.7 445.1 Other (2) 35.0 10.0 15.8 4.7 65.5 Total Net sales 3,468.5 693.6 3,547.4 1,045.4 8,754.9 Sales by Channel Corporate 3,468.5 — — — 3,468.5 Small Business — 693.6 — — 693.6 Government — — 1,288.2 — 1,288.2 Education — — 1,353.0 — 1,353.0 Healthcare — — 906.2 — 906.2 Other — — — 1,045.4 1,045.4 Total Net sales 3,468.5 693.6 3,547.4 1,045.4 8,754.9 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 3,128.2 647.4 3,258.8 925.2 7,959.6 Transferred at a point in time where CDW is agent 219.8 40.9 120.6 28.0 409.3 Transferred over time where CDW is principal 120.5 5.3 168.0 92.2 386.0 Total Net sales $ 3,468.5 $ 693.6 $ 3,547.4 $ 1,045.4 $ 8,754.9 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. Six Months Ended June 30, 2019 Corporate Small Business Public Other Total Geography (1) United States $ 3,614.6 $ 733.0 $ 3,170.8 $ 17.2 $ 7,535.6 Rest of World 5.5 — — 1,046.7 1,052.2 Total Net sales 3,620.1 733.0 3,170.8 1,063.9 8,587.8 Major Product and Services Hardware 2,882.5 611.2 2,587.6 803.8 6,885.1 Software 515.2 97.2 482.8 146.9 1,242.1 Services 187.8 14.0 91.4 107.3 400.5 Other (2) 34.6 10.6 9.0 5.9 60.1 Total Net sales 3,620.1 733.0 3,170.8 1,063.9 8,587.8 Sales by Channel Corporate 3,620.1 — — — 3,620.1 Small Business — 733.0 — — 733.0 Government — — 1,066.8 — 1,066.8 Education — — 1,174.0 — 1,174.0 Healthcare — — 930.0 — 930.0 Other — — — 1,063.9 1,063.9 Total Net sales 3,620.1 733.0 3,170.8 1,063.9 8,587.8 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 3,290.0 690.7 2,968.7 939.9 7,889.3 Transferred at a point in time where CDW is agent 222.7 39.8 111.3 26.5 400.3 Transferred over time where CDW is principal 107.4 2.5 90.8 97.5 298.2 Total Net sales $ 3,620.1 $ 733.0 $ 3,170.8 $ 1,063.9 $ 8,587.8 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. The following table presents Net sales by major category for the three and six months ended June 30, 2020 and 2019 . Categories are based upon internal classifications. Three Months Ended June 30, 2020 2019 Net Sales Percentage Net Sales Percentage Notebooks/Mobile Devices $ 1,428.2 32.7 % $ 1,164.6 25.2 % Netcomm Products 471.9 10.8 562.5 12.1 Desktops 253.6 5.8 418.3 9.0 Video 248.0 5.7 348.1 7.5 Enterprise and Data Storage (Including Drives) 199.9 4.6 273.1 5.9 Other Hardware 937.4 21.5 970.8 21.0 Total Hardware 3,539.0 81.1 3,737.4 80.7 Software (1) 582.4 13.3 650.6 14.1 Services (1) 214.6 4.9 211.3 4.6 Other (2) 29.7 0.7 30.6 0.6 Total Net sales $ 4,365.7 100.0 % $ 4,629.9 100.0 % Six Months Ended June 30, 2020 2019 Net Sales Percentage Net Sales Percentage Notebooks/Mobile Devices $ 2,539.3 29.0 % $ 2,080.6 24.2 % Netcomm Products 928.1 10.6 1,073.7 12.5 Desktops 635.6 7.3 715.5 8.3 Video 561.8 6.4 619.2 7.2 Enterprise and Data Storage (Including Drives) 440.3 5.0 566.2 6.6 Other Hardware 1,892.0 21.6 1,829.9 21.3 Total Hardware 6,997.1 79.9 6,885.1 80.1 Software (1) 1,247.2 14.2 1,242.1 14.5 Services (1) 445.1 5.1 400.5 4.7 Other (2) 65.5 0.8 60.1 0.7 Total Net sales $ 8,754.9 100.0 % $ 8,587.8 100.0 % (1) Certain software and services revenues are recorded on a net basis for accounting purposes. As a result, the category percentage of net revenues is not representative of the category percentage of gross profits. (2) Includes items such as delivery charges to customers.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]
Description of BusinessDescription of Business CDW Corporation ("Parent"), a Fortune 500 company and member of the S&P 500 Index, is a market-leading provider of integrated information technology ("IT") solutions to small, medium and large business, government, education and healthcare customers in the United States ("US"), the United Kingdom ("UK") and Canada. The Company's offerings range from discrete hardware and software products to integrated IT solutions such as mobility, security, data center optimization, cloud computing, virtualization and collaboration. Throughout this report, the terms the "Company" and "CDW" refer to Parent and its 100% owned subsidiaries. Parent has two 100% owned subsidiaries, CDW LLC and CDW Finance Corporation. CDW LLC is an Illinois limited liability company that, together with its 100% owned subsidiaries, holds all material assets and conducts all business activities and operations of the Company. CDW Finance Corporation is a Delaware corporation formed for the sole purpose of acting as co-issuer of certain debt obligations and does not hold any material assets or engage in any business activities or operations.
Basis of PresentationBasis of Presentation The accompanying unaudited interim Consolidated Financial Statements as of June 30, 2020 and for the three and six months ended June 30, 2020 and 2019 (the "Consolidated Financial Statements") have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and the rules and regulations of the US Securities and Exchange Commission (the "SEC") for interim financial statements. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 (the " December 31, 2019 Consolidated Financial Statements"). The significant accounting policies used in preparing these Consolidated Financial Statements were applied on a basis consistent with those reflected in the December 31, 2019 Consolidated Financial Statements. In the opinion of management, the Consolidated Financial Statements contain all adjustments (consisting of a normal, recurring nature) necessary to present fairly the Company's financial position, results of operations, comprehensive income, cash flows and changes in stockholders' equity as of the dates and for the periods indicated. The unaudited results of operations for such interim periods reported are not necessarily indicative of results for the full year.
ReclassificationReclassifications Certain prior period amounts have been reclassified to conform with current period presentation.
Principles of ConsolidationPrinciples of Consolidation The Consolidated Financial Statements include the accounts of Parent and its 100% owned subsidiaries. All intercompany transactions and accounts are eliminated in consolidation.
Use of EstimatesUse of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances including management’s current assumptions with respect to implications of the COVID-19 pandemic, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results and outcomes could differ from those estimates.
Accounts ReceivableAccounts Receivable
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Recent Accounting PronouncementsReference Rate Reform In March 2020, the Financial Accounting Standards Board issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU temporarily provides optional expedients and exceptions for applying existing guidance to contract modifications, hedging relationships and other transactions that are expected to be affected by reference rate reform. This ASU was effective upon its issuance and will remain in effect for all contract modifications and hedging relationships entered into through December 31, 2022. The adoption of this ASU along with the related expedients did not have an impact to the Company’s Consolidated Financial Statements. Measurement of Credit Losses on Financial Instruments On January 1, 2020, the Company adopted and applied Topic 326 using the modified retrospective approach. Topic 326 introduced a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables, which is reflected in the Company’s policies. The adoption of Topic 326, as well as the adjustment to retained earnings for the cumulative effect, was not significant to the Company's Consolidated Financial Statements.

Inventory Financing Agreements

Inventory Financing Agreements (Tables)6 Months Ended
Jun. 30, 2020
Inventory Financing Agreements [Abstract]
Inventory Financing AgreementsAmounts included in Accounts payable-inventory financing are as follows: June 30, 2020 December 31, 2019 Revolving Loan inventory financing agreement (1) $ 444.8 $ 379.1 Other inventory financing agreements 34.3 50.8 Accounts payable-inventory financing $ 479.1 $ 429.9 (1) The senior secured asset-based revolving credit facility includes an inventory floorplan sub-facility that enables the Company to maintain an inventory financing agreement with a financial intermediary to facilitate the purchase of inventory from certain vendors on more favorable terms than offered directly by the vendors.

Contract Liabilities and Perf_2

Contract Liabilities and Performance Obligations (Tables)6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Expected Timing of SatisfactionThe following table represents the total transaction price for the remaining performance obligations as of June 30, 2020 related to noncancelable contracts longer than 12 months in duration that is expected to be recognized over future periods. Within 1 Year Years 1-2 Years 2-3 Thereafter Remaining performance obligations $ 37.2 $ 19.7 $ 7.3 $ 0.2

Financial Instruments (Tables)

Financial Instruments (Tables)6 Months Ended
Jun. 30, 2020
Financial Instruments [Abstract]
Schedule of Cash Flow Hedges Included in AOCLThe following tables provide the activity in AOCL, net of tax, for the three and six months ended June 30, 2020 and 2019 . Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Change in fair value recorded to AOCL $ — $ (4.1 ) $ (0.2 ) $ (12.4 ) Reclassification from AOCL to Interest expense, net $ 1.4 $ 0.2 $ 2.5 $ 1.7

Long-Term Debt (Tables)

Long-Term Debt (Tables)6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments As of June 30, 2020 As of December 31, 2019 Maturity Date Interest Rate Amount Interest Rate Amount Credit Facilities CDW UK revolving credit facility (1) July 2021 — % $ — — % $ — Senior secured asset-based revolving credit facility March 2022 1.438 % 50.0 5.000 % 51.0 Total credit facilities 50.0 51.0 Term Loans CDW UK term loan (1) August 2021 1.622 % 57.0 2.190 % 61.0 Senior secured term loan facility October 2026 1.930 % 1,430.8 3.550 % 1,438.3 Total term loans 1,487.8 1,499.3 Unsecured Senior Notes Senior notes due 2024 December 2024 5.500 % 575.0 5.500 % 575.0 Senior notes due 2025 May 2025 4.125 % 600.0 — % — Senior notes due 2025 September 2025 5.000 % 600.0 5.000 % 600.0 Senior notes due 2028 April 2028 4.250 % 600.0 4.250 % 600.0 Total unsecured senior notes 2,375.0 1,775.0 Other long-term obligations 12.7 12.6 Unamortized deferred financing fees (26.0 ) (20.6 ) Current maturities of long-term debt (37.9 ) (34.1 ) Total long-term debt $ 3,861.6 $ 3,283.2 (1) British pound-denominated debt facilities.
Carrying Value of Long-Term DebtThe approximate fair values and related carrying values of the Company's long-term debt, including current maturities and excluding unamortized discount and unamortized deferred financing fees, are as follows: June 30, 2020 December 31, 2019 Fair value $ 3,965.2 $ 3,447.5 Carrying value 3,925.5 3,337.9

Earnings per Share (Tables)

Earnings per Share (Tables)6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of SharesA reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic weighted-average shares outstanding 142.4 145.7 142.5 146.3 Effect of dilutive securities (1) 1.9 2.6 2.1 2.4 Diluted weighted-average shares outstanding (2) 144.3 148.3 144.6 148.7 (1) The dilutive effect of outstanding stock options, restricted stock units, restricted stock, performance share units and Coworker Stock Purchase Plan units is reflected in the diluted weighted-average shares outstanding using the treasury stock method. (2) There were fewer than 0.1 million potential common shares excluded from diluted weighted-average shares outstanding for both the three and six months ended June 30, 2020 and 2019 as their inclusion would have had an anti-dilutive effect.

Segment Information (Tables)

Segment Information (Tables)6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by SegmentInformation about the Company's segments is as follows: Corporate Small Business Public Other Headquarters Total Three Months Ended June 30, 2020 Net sales $ 1,557.5 $ 302.1 $ 2,022.1 $ 484.0 $ — $ 4,365.7 Operating income (loss) 123.0 21.0 159.9 16.5 (37.0 ) 283.4 Depreciation and amortization expense (22.1 ) (5.6 ) (69.1 ) (7.9 ) (20.5 ) (125.2 ) Three Months Ended June 30, 2019 Net sales $ 1,883.9 $ 377.4 $ 1,840.1 $ 528.5 $ — $ 4,629.9 Operating income (loss) 157.2 26.6 129.4 19.1 (32.0 ) 300.3 Depreciation and amortization expense (21.6 ) (5.6 ) (13.7 ) (7.8 ) (16.3 ) (65.0 ) Corporate Small Business Public Other Headquarters Total Six Months Ended June 30, 2020 Net sales $ 3,468.5 $ 693.6 $ 3,547.4 $ 1,045.4 $ — $ 8,754.9 Operating income (loss) 250.4 48.3 272.3 31.2 (73.0 ) 529.2 Depreciation and amortization expense (44.4 ) (11.4 ) (106.8 ) (15.9 ) (38.1 ) (216.6 ) Six Months Ended June 30, 2019 Net sales $ 3,620.1 $ 733.0 $ 3,170.8 $ 1,063.9 $ — $ 8,587.8 Operating income (loss) 291.9 51.0 205.5 44.7 (63.9 ) 529.2 Depreciation and amortization expense (43.1 ) (11.2 ) (26.4 ) (15.2 ) (33.4 ) (129.3 )
Disaggregation of RevenueGeographic Areas and Revenue Mix Three Months Ended June 30, 2020 Corporate Small Business Public Other Total Geography (1) United States $ 1,542.9 $ 302.1 $ 2,022.1 $ 3.8 $ 3,870.9 Rest of World 14.6 — — 480.2 494.8 Total Net sales 1,557.5 302.1 2,022.1 484.0 4,365.7 Major Product and Services Hardware 1,207.5 247.0 1,719.6 364.9 3,539.0 Software 243.2 43.2 227.4 68.6 582.4 Services 92.8 7.1 66.4 48.3 214.6 Other (2) 14.0 4.8 8.7 2.2 29.7 Total Net sales 1,557.5 302.1 2,022.1 484.0 4,365.7 Sales by Channel Corporate 1,557.5 — — — 1,557.5 Small Business — 302.1 — — 302.1 Government — — 719.7 — 719.7 Education — — 876.8 — 876.8 Healthcare — — 425.6 — 425.6 Other — — — 484.0 484.0 Total Net sales 1,557.5 302.1 2,022.1 484.0 4,365.7 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 1,387.2 280.7 1,854.2 426.2 3,948.3 Transferred at a point in time where CDW is agent 112.2 18.9 68.3 14.8 214.2 Transferred over time where CDW is principal 58.1 2.5 99.6 43.0 203.2 Total Net sales $ 1,557.5 $ 302.1 $ 2,022.1 $ 484.0 $ 4,365.7 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. Three Months Ended June 30, 2019 Corporate Small Business Public Other Total Geography (1) United States $ 1,881.7 $ 377.4 $ 1,840.1 $ 8.9 $ 4,108.1 Rest of World 2.2 — — 519.6 521.8 Total Net sales 1,883.9 377.4 1,840.1 528.5 4,629.9 Major Product and Services Hardware 1,497.2 316.0 1,523.5 400.7 3,737.4 Software 269.2 49.1 262.6 69.7 650.6 Services 99.8 7.0 49.2 55.3 211.3 Other (2) 17.7 5.3 4.8 2.8 30.6 Total Net sales 1,883.9 377.4 1,840.1 528.5 4,629.9 Sales by Channel Corporate 1,883.9 — — — 1,883.9 Small Business — 377.4 — — 377.4 Government — — 578.4 — 578.4 Education — — 773.6 — 773.6 Healthcare — — 488.1 — 488.1 Other — — — 528.5 528.5 Total Net sales 1,883.9 377.4 1,840.1 528.5 4,629.9 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 1,708.2 355.5 1,725.5 465.0 4,254.2 Transferred at a point in time where CDW is agent 118.7 20.0 65.0 13.5 217.2 Transferred over time where CDW is principal 57.0 1.9 49.6 50.0 158.5 Total Net sales $ 1,883.9 $ 377.4 $ 1,840.1 $ 528.5 $ 4,629.9 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. Six Months Ended June 30, 2020 Corporate Small Business Public Other Total Geography (1) United States $ 3,450.7 $ 693.6 $ 3,547.4 $ 10.0 $ 7,701.7 Rest of World 17.8 — — 1,035.4 1,053.2 Total Net sales 3,468.5 693.6 3,547.4 1,045.4 8,754.9 Major Product and Services Hardware 2,722.6 571.8 2,930.3 772.4 6,997.1 Software 518.0 96.5 467.1 165.6 1,247.2 Services 192.9 15.3 134.2 102.7 445.1 Other (2) 35.0 10.0 15.8 4.7 65.5 Total Net sales 3,468.5 693.6 3,547.4 1,045.4 8,754.9 Sales by Channel Corporate 3,468.5 — — — 3,468.5 Small Business — 693.6 — — 693.6 Government — — 1,288.2 — 1,288.2 Education — — 1,353.0 — 1,353.0 Healthcare — — 906.2 — 906.2 Other — — — 1,045.4 1,045.4 Total Net sales 3,468.5 693.6 3,547.4 1,045.4 8,754.9 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 3,128.2 647.4 3,258.8 925.2 7,959.6 Transferred at a point in time where CDW is agent 219.8 40.9 120.6 28.0 409.3 Transferred over time where CDW is principal 120.5 5.3 168.0 92.2 386.0 Total Net sales $ 3,468.5 $ 693.6 $ 3,547.4 $ 1,045.4 $ 8,754.9 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. Six Months Ended June 30, 2019 Corporate Small Business Public Other Total Geography (1) United States $ 3,614.6 $ 733.0 $ 3,170.8 $ 17.2 $ 7,535.6 Rest of World 5.5 — — 1,046.7 1,052.2 Total Net sales 3,620.1 733.0 3,170.8 1,063.9 8,587.8 Major Product and Services Hardware 2,882.5 611.2 2,587.6 803.8 6,885.1 Software 515.2 97.2 482.8 146.9 1,242.1 Services 187.8 14.0 91.4 107.3 400.5 Other (2) 34.6 10.6 9.0 5.9 60.1 Total Net sales 3,620.1 733.0 3,170.8 1,063.9 8,587.8 Sales by Channel Corporate 3,620.1 — — — 3,620.1 Small Business — 733.0 — — 733.0 Government — — 1,066.8 — 1,066.8 Education — — 1,174.0 — 1,174.0 Healthcare — — 930.0 — 930.0 Other — — — 1,063.9 1,063.9 Total Net sales 3,620.1 733.0 3,170.8 1,063.9 8,587.8 Timing of Revenue Recognition Transferred at a point in time where CDW is principal 3,290.0 690.7 2,968.7 939.9 7,889.3 Transferred at a point in time where CDW is agent 222.7 39.8 111.3 26.5 400.3 Transferred over time where CDW is principal 107.4 2.5 90.8 97.5 298.2 Total Net sales $ 3,620.1 $ 733.0 $ 3,170.8 $ 1,063.9 $ 8,587.8 (1) Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address. (2) Includes items such as delivery charges to customers. The following table presents Net sales by major category for the three and six months ended June 30, 2020 and 2019 . Categories are based upon internal classifications. Three Months Ended June 30, 2020 2019 Net Sales Percentage Net Sales Percentage Notebooks/Mobile Devices $ 1,428.2 32.7 % $ 1,164.6 25.2 % Netcomm Products 471.9 10.8 562.5 12.1 Desktops 253.6 5.8 418.3 9.0 Video 248.0 5.7 348.1 7.5 Enterprise and Data Storage (Including Drives) 199.9 4.6 273.1 5.9 Other Hardware 937.4 21.5 970.8 21.0 Total Hardware 3,539.0 81.1 3,737.4 80.7 Software (1) 582.4 13.3 650.6 14.1 Services (1) 214.6 4.9 211.3 4.6 Other (2) 29.7 0.7 30.6 0.6 Total Net sales $ 4,365.7 100.0 % $ 4,629.9 100.0 % Six Months Ended June 30, 2020 2019 Net Sales Percentage Net Sales Percentage Notebooks/Mobile Devices $ 2,539.3 29.0 % $ 2,080.6 24.2 % Netcomm Products 928.1 10.6 1,073.7 12.5 Desktops 635.6 7.3 715.5 8.3 Video 561.8 6.4 619.2 7.2 Enterprise and Data Storage (Including Drives) 440.3 5.0 566.2 6.6 Other Hardware 1,892.0 21.6 1,829.9 21.3 Total Hardware 6,997.1 79.9 6,885.1 80.1 Software (1) 1,247.2 14.2 1,242.1 14.5 Services (1) 445.1 5.1 400.5 4.7 Other (2) 65.5 0.8 60.1 0.7 Total Net sales $ 8,754.9 100.0 % $ 8,587.8 100.0 % (1) Certain software and services revenues are recorded on a net basis for accounting purposes. As a result, the category percentage of net revenues is not representative of the category percentage of gross profits. (2) Includes items such as delivery charges to customers.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Details) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020USD ($)subsidiaryJun. 30, 2019USD ($)Jun. 30, 2020USD ($)subsidiaryJun. 30, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of owned subsidiaries | subsidiary2 2
Advertising costs $ 48 $ 53 $ 93 $ 92
COVID- 19
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable, allowance for credit loss $ 27

Inventory Financing Agreement_2

Inventory Financing Agreements (Details) - USD ($) $ in MillionsJun. 30, 2020Dec. 31, 2019
Inventory Financing Agreements [Line Items]
Accounts payable-inventory financing $ 479.1 $ 429.9
Accounts Payable, Inventory Financing
Inventory Financing Agreements [Line Items]
Revolving Loan inventory financing agreement444.8 379.1
Other inventory financing agreements $ 34.3 $ 50.8

Contract Liabilities and Perf_3

Contract Liabilities and Performance Obligations - Narrative (Details) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2020Jun. 30, 2019Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract liabilities $ 275 $ 252
Revenue recognized from contract with customer $ 210 $ 113

Contract Liabilities and Perf_4

Contract Liabilities and Performance Obligations - Schedule of Remaining Performance Obligations (Details) $ in MillionsJun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations $ 37.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, expected timing of satisfaction, period1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations $ 19.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, expected timing of satisfaction, period1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations $ 7.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, expected timing of satisfaction, period1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations $ 0.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, expected timing of satisfaction, period

Financial Instruments - (Detail

Financial Instruments - (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019Dec. 31, 2019
Derivative [Line Items]
Interest rate cap, fair value $ 1 $ 1 $ 1
Unrealized (loss) gain from hedge accounting0 $ 4.1 0.2 $ 12.4
Interest Rate Cap
Derivative [Line Items]
Notional amount2,800 2,800 $ 2,800
Interest Rate Cap Agreement Maturity Date December 31, 2020
Derivative [Line Items]
Notional amount1,400 1,400
Interest Rate Cap Agreement Maturity Date December 31, 2022
Derivative [Line Items]
Notional amount1,400 1,400
Interest Rate Contract
Derivative [Line Items]
Unrealized (loss) gain from hedge accounting0 (4.1)(0.2)(12.4)
Amount expected to be reclassified from AOCL to interest expense in next twelve months6
Derivative
Derivative [Line Items]
Interest income (expense) reclassified into earnings $ 1.4 $ 0.2 $ 2.5 $ 1.7

Long-Term Debt - Debt Balances

Long-Term Debt - Debt Balances and Interest Rates (Details) - USD ($) $ in MillionsJun. 30, 2020Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt $ 3,925.5 $ 3,337.9
Unamortized deferred financing fees(26)(20.6)
Current maturities of long-term debt(37.9)(34.1)
Total long-term debt3,861.6 3,283.2
Total credit facilities
Debt Instrument [Line Items]
Long-term debt $ 50 $ 51
CDW UK revolving credit facility
Debt Instrument [Line Items]
Interest rate in effect0.00%0.00%
Long-term debt $ 0 $ 0
Senior secured asset-based revolving credit facility
Debt Instrument [Line Items]
Interest rate in effect1.438%5.00%
Long-term debt $ 50 $ 51
Total term loans
Debt Instrument [Line Items]
Long-term debt $ 1,487.8 $ 1,499.3
CDW UK term loan
Debt Instrument [Line Items]
Interest rate in effect1.622%2.19%
Long-term debt $ 57 $ 61
Senior secured term loan facility
Debt Instrument [Line Items]
Interest rate in effect1.93%3.55%
Long-term debt $ 1,430.8 $ 1,438.3
Total unsecured senior notes
Debt Instrument [Line Items]
Long-term debt $ 2,375 $ 1,775
Senior notes due 2024
Debt Instrument [Line Items]
Interest rate in effect5.50%5.50%
Long-term debt $ 575 $ 575
Senior notes due 2025
Debt Instrument [Line Items]
Interest rate in effect4.125%0.00%
Long-term debt $ 600 $ 0
Senior notes due 2025
Debt Instrument [Line Items]
Interest rate in effect5.00%5.00%
Long-term debt $ 600 $ 600
Senior Notes due 2028
Debt Instrument [Line Items]
Interest rate in effect4.25%4.25%
Long-term debt $ 600 $ 600
Other long-term obligations
Debt Instrument [Line Items]
Long-term debt $ 12.7 $ 12.6

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)6 Months Ended
Jun. 30, 2020GBP (£)Jun. 30, 2020USD ($)Jun. 30, 2020USD ($)Apr. 21, 2020USD ($)Dec. 31, 2019
CDW UK revolving credit facility
Debt Instrument [Line Items]
Borrowing capacity of the Revolving Loan £ 50,000,000 $ 62,000,000
Interest rate in effect0.00%0.00%0.00%
Senior secured asset-based revolving credit facility
Debt Instrument [Line Items]
Undrawn letters of credit $ 1,000,000
Borrowing base2,200,000,000
Additional borrowing capacity $ 1,000,000,000
Interest rate in effect1.438%1.438%5.00%
CDW UK term loan
Debt Instrument [Line Items]
Annual principal repayment installments £ 5,000,000 $ 6,000,000
Amount of restricted payment capacity under the loan £ 160,000,000 $ 198,000,000
Interest rate in effect1.622%1.622%2.19%
Senior secured term loan facility
Debt Instrument [Line Items]
Amount of restricted payment capacity under the loan $ 2,000,000,000
Periodic payment, principal $ 4,000,000
Interest rate in effect1.93%1.93%3.55%
Accounts Payable, Inventory Financing | Senior secured asset-based revolving credit facility
Debt Instrument [Line Items]
Amount owed under Revolving loan financing agreement $ 432,000,000
Senior notes due 2025 | Unsecured senior debt
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount $ 600,000,000
Interest rate in effect4.125%

Long-Term Debt - Fair Value of

Long-Term Debt - Fair Value of Long-Term Debt (Details) - USD ($) $ in MillionsJun. 30, 2020Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value $ 3,925.5 $ 3,337.9
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value $ 3,965.2 $ 3,447.5

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax (expense) benefit $ 56.3 $ 64.6 $ 100.2 $ 103.3
Effective income tax rate reconciliation, percent22.90%24.70%21.90%22.80%

Earnings per Share (Details)

Earnings per Share (Details) - shares shares in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019
Earnings Per Share [Abstract]
Basic weighted-average shares outstanding (in shares)142.4 145.7 142.5 146.3
Effect of dilutive securities (in shares)1.9 2.6 2.1 2.4
Diluted weighted-average shares outstanding (in shares)144.3 148.3 144.6 148.7
Anti-dilutive shares (fewer than) (in shares)0.1 0.1 0.1 0.1

Segment Information - Narrative

Segment Information - Narrative (Details)6 Months Ended
Jun. 30, 2020employeesegment
Segment Reporting Information [Line Items]
Number of reportable segments | segment3
Number of operating segments which do not meet reportable unit quantitative threshold | segment2
Minimum | Corporate
Segment Reporting Information [Line Items]
Customer segments, customer employee headcount | employee250
Maximum | Small Business
Segment Reporting Information [Line Items]
Customer segments, customer employee headcount | employee250

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019
Segment Reporting Information [Line Items]
Net sales $ 4,365.7 $ 4,629.9 $ 8,754.9 $ 8,587.8
Income (loss) from operations283.4 300.3 529.2 529.2
Depreciation and amortization expense(125.2)(65)(216.6)(129.3)
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Net sales1,557.5 1,883.9 3,468.5 3,620.1
Income (loss) from operations123 157.2 250.4 291.9
Depreciation and amortization expense(22.1)(21.6)(44.4)(43.1)
Operating Segments | Small Business
Segment Reporting Information [Line Items]
Net sales302.1 377.4 693.6 733
Income (loss) from operations21 26.6 48.3 51
Depreciation and amortization expense(5.6)(5.6)(11.4)(11.2)
Operating Segments | Public
Segment Reporting Information [Line Items]
Net sales2,022.1 1,840.1 3,547.4 3,170.8
Income (loss) from operations159.9 129.4 272.3 205.5
Depreciation and amortization expense(69.1)(13.7)(106.8)(26.4)
Operating Segments | Other
Segment Reporting Information [Line Items]
Net sales484 528.5 1,045.4 1,063.9
Income (loss) from operations16.5 19.1 31.2 44.7
Depreciation and amortization expense(7.9)(7.8)(15.9)(15.2)
Headquarters
Segment Reporting Information [Line Items]
Net sales0 0 0 0
Income (loss) from operations(37)(32)(73)(63.9)
Depreciation and amortization expense $ (20.5) $ (16.3) $ (38.1) $ (33.4)

Segment Information - Disaggreg

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2020Jun. 30, 2019Jun. 30, 2020Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales $ 4,365.7 $ 4,629.9 $ 8,754.9 $ 8,587.8
Percentage of Total Net Sales100.00%100.00%100.00%100.00%
Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales $ 1,557.5 $ 1,883.9 $ 3,468.5 $ 3,620.1
Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales302.1 377.4 693.6 733
Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales2,022.1 1,840.1 3,547.4 3,170.8
Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales484 528.5 1,045.4 1,063.9
Transferred at a point in time where CDW is principal
Disaggregation of Revenue [Line Items]
Net sales3,948.3 4,254.2 7,959.6 7,889.3
Transferred at a point in time where CDW is principal | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales1,387.2 1,708.2 3,128.2 3,290
Transferred at a point in time where CDW is principal | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales280.7 355.5 647.4 690.7
Transferred at a point in time where CDW is principal | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales1,854.2 1,725.5 3,258.8 2,968.7
Transferred at a point in time where CDW is principal | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales426.2 465 925.2 939.9
Transferred at a point in time where CDW is agent
Disaggregation of Revenue [Line Items]
Net sales214.2 217.2 409.3 400.3
Transferred at a point in time where CDW is agent | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales112.2 118.7 219.8 222.7
Transferred at a point in time where CDW is agent | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales18.9 20 40.9 39.8
Transferred at a point in time where CDW is agent | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales68.3 65 120.6 111.3
Transferred at a point in time where CDW is agent | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales14.8 13.5 28 26.5
Transferred over time where CDW is principal
Disaggregation of Revenue [Line Items]
Net sales203.2 158.5 386 298.2
Transferred over time where CDW is principal | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales58.1 57 120.5 107.4
Transferred over time where CDW is principal | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales2.5 1.9 5.3 2.5
Transferred over time where CDW is principal | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales99.6 49.6 168 90.8
Transferred over time where CDW is principal | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales43 50 92.2 97.5
Corporate
Disaggregation of Revenue [Line Items]
Net sales1,557.5 1,883.9 3,468.5 3,620.1
Corporate | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales1,557.5 1,883.9 3,468.5 3,620.1
Corporate | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Corporate | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Corporate | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Small Business
Disaggregation of Revenue [Line Items]
Net sales302.1 377.4 693.6 733
Small Business | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Small Business | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales302.1 377.4 693.6 733
Small Business | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Small Business | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Government
Disaggregation of Revenue [Line Items]
Net sales719.7 578.4 1,288.2 1,066.8
Government | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Government | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Government | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales719.7 578.4 1,288.2 1,066.8
Government | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Education
Disaggregation of Revenue [Line Items]
Net sales876.8 773.6 1,353 1,174
Education | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Education | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Education | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales876.8 773.6 1,353 1,174
Education | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Healthcare
Disaggregation of Revenue [Line Items]
Net sales425.6 488.1 906.2 930
Healthcare | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Healthcare | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Healthcare | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales425.6 488.1 906.2 930
Healthcare | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Other
Disaggregation of Revenue [Line Items]
Net sales484 528.5 1,045.4 1,063.9
Other | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Other | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Other | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Other | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales484 528.5 1,045.4 1,063.9
Hardware
Disaggregation of Revenue [Line Items]
Net sales $ 3,539 $ 3,737.4 $ 6,997.1 $ 6,885.1
Percentage of Total Net Sales81.10%80.70%79.90%80.10%
Hardware | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales $ 1,207.5 $ 1,497.2 $ 2,722.6 $ 2,882.5
Hardware | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales247 316 571.8 611.2
Hardware | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales1,719.6 1,523.5 2,930.3 2,587.6
Hardware | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales364.9 400.7 772.4 803.8
Notebooks/Mobile Devices
Disaggregation of Revenue [Line Items]
Net sales $ 1,428.2 $ 1,164.6 $ 2,539.3 $ 2,080.6
Percentage of Total Net Sales32.70%25.20%29.00%24.20%
Netcomm Products
Disaggregation of Revenue [Line Items]
Net sales $ 471.9 $ 562.5 $ 928.1 $ 1,073.7
Percentage of Total Net Sales10.80%12.10%10.60%12.50%
Desktops
Disaggregation of Revenue [Line Items]
Net sales $ 253.6 $ 418.3 $ 635.6 $ 715.5
Percentage of Total Net Sales5.80%9.00%7.30%8.30%
Video
Disaggregation of Revenue [Line Items]
Net sales $ 248 $ 348.1 $ 561.8 $ 619.2
Percentage of Total Net Sales5.70%7.50%6.40%7.20%
Enterprise and Data Storage (Including Drives)
Disaggregation of Revenue [Line Items]
Net sales $ 199.9 $ 273.1 $ 440.3 $ 566.2
Percentage of Total Net Sales4.60%5.90%5.00%6.60%
Other Hardware
Disaggregation of Revenue [Line Items]
Net sales $ 937.4 $ 970.8 $ 1,892 $ 1,829.9
Percentage of Total Net Sales21.50%21.00%21.60%21.30%
Software
Disaggregation of Revenue [Line Items]
Net sales $ 582.4 $ 650.6 $ 1,247.2 $ 1,242.1
Percentage of Total Net Sales13.30%14.10%14.20%14.50%
Software | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales $ 243.2 $ 269.2 $ 518 $ 515.2
Software | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales43.2 49.1 96.5 97.2
Software | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales227.4 262.6 467.1 482.8
Software | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales68.6 69.7 165.6 146.9
Services
Disaggregation of Revenue [Line Items]
Net sales $ 214.6 $ 211.3 $ 445.1 $ 400.5
Percentage of Total Net Sales4.90%4.60%5.10%4.70%
Services | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales $ 92.8 $ 99.8 $ 192.9 $ 187.8
Services | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales7.1 7 15.3 14
Services | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales66.4 49.2 134.2 91.4
Services | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales48.3 55.3 102.7 107.3
Other
Disaggregation of Revenue [Line Items]
Net sales $ 29.7 $ 30.6 $ 65.5 $ 60.1
Percentage of Total Net Sales0.70%0.60%0.80%0.70%
Other | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales $ 14 $ 17.7 $ 35 $ 34.6
Other | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales4.8 5.3 10 10.6
Other | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales8.7 4.8 15.8 9
Other | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales2.2 2.8 4.7 5.9
United States
Disaggregation of Revenue [Line Items]
Net sales3,870.9 4,108.1 7,701.7 7,535.6
United States | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales1,542.9 1,881.7 3,450.7 3,614.6
United States | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales302.1 377.4 693.6 733
United States | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales2,022.1 1,840.1 3,547.4 3,170.8
United States | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales3.8 8.9 10 17.2
Rest of World
Disaggregation of Revenue [Line Items]
Net sales494.8 521.8 1,053.2 1,052.2
Rest of World | Operating Segments | Corporate
Disaggregation of Revenue [Line Items]
Net sales14.6 2.2 17.8 5.5
Rest of World | Operating Segments | Small Business
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Rest of World | Operating Segments | Public
Disaggregation of Revenue [Line Items]
Net sales0 0 0 0
Rest of World | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Net sales $ 480.2 $ 519.6 $ 1,035.4 $ 1,046.7