content_image/1052859.jpg content_image/1052860.jpg
## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 

## AVNET, INC. AND SUBSIDIARIES 

was based on the spot yield curve approach, which applies the individual spot rates from a highly rated bond yield curve to each future year’s estimated cash flows. 

Assumptions used to determine net benefit costs are as follows: 

<img src='content_image/1052859.jpg'>

Components of net periodic pension cost for the Plan during the last three fiscal years are as follows: 

<img src='content_image/1052860.jpg'>

The Company made $8.0 million and $8.0 million of contributions in fiscal 2020 and fiscal 2019, respectively, and expects to make approximately $16.0 million of contributions in fiscal 2021. 

