UNITED STATES SECURITIES AND
    EXCHANGE COMMISSIONWashington, D.C.
    20549
    Form 10-K
  þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)  OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended June 30,
    2010ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the transition period
    from          to         MOLEX INCORPORATED
 (Exact name of registrant as
    specified in its charter)
  Delaware


36-2369491(State or other jurisdiction of
    incorporation or organization)


(I.R.S.  Employer
    Identification No.
)   2222 Wellington Court, Lisle, Illinois 60532
 (Address of principal executive
    offices)
  (630) 969-4550
      SECURITIES
    REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT
  Title of Each Class

Name of Each Exchange on Which RegisteredCommon Stock, par value $0.05

The Nasdaq Stock Market, LLCClass A Common Stock, par value $0.05

The Nasdaq Stock Market, LLC   SECURITIES
    REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
    None
      þ o
  o þ
  þ o
  Regulation S-T o o
  Regulation S-K Form 10-K Form 10-K. þ
  Rule 12b-2
  Large accelerated filer þ

Accelerated filer o

Non-accelerated filer o

Smaller reporting company o(Do not check if a smaller reporting company)   Rule 12b-2 o þ
      Common Stock


95,560,076Class A Common Stock


78,599,930Class B Common Stock


94,255   DOCUMENTS
    INCORPORATED BY REFERENCE
  Form 10-K.




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##### 





TABLE OF
    CONTENTS
  PagePART IItem 1.


Business


3Item 1A.


Risk Factors


12Item 1B.


Unresolved Staff Comments


21Item 2.


Properties


21Item 3.


Legal Proceedings


22Item 4.


[RESERVED]


22PART IIItem 5.


Market for the Registrants Common Equity,
    Related Stockholder Matters and Issuer Purchases of Equity
    Securities


22Item 6.


Selected Financial Data


25Item 7.


Managements Discussion and Analysis of
    Financial Condition and Results of Operations


26Item 7A.


Quantitative and Qualitative Disclosures About
    Market Risk


45Item 8.


Financial Statements and Supplementary Data


47Item 9.


Changes in and Disagreements with Accountants on
    Accounting Financial Disclosure


85Item 9A.


Controls and Procedures


85Item 9B.


Other Information


86PART IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


86Item 11.


Executive Compensation


87Item 12.


Security Ownership of Certain Beneficial Owners
    and Management and Related Stockholder Matters


87Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


87Item 14.


Principal Accountant Fees and Services


87PART IVItem 15.


Exhibits and Financial Statement Schedules


88Schedule II  Valuation and
    Qualifying Accounts


89Index to Exhibits


90Signatures


92    Molex Web
    Site
  Form 10-K, Form 10-Q, Form 8-K
    Form 10-K.
 2




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##### 



PART I  Item 1.
    Business        The Connector
    Industry
    25-30 year
    
    Globalization.  Synergistic opportunities exist
    for the industry to design, manufacture and sell electronic
    products in different countries around the world in an efficient
    and seamless process. For example, electronic products may be
    designed in Japan, manufactured in China, and sold in the United
    States.
    Convergence of markets.  Traditionally separate
    markets such as consumer electronics, data and
    telecommunications are converging, resulting in single devices
    offering broad-based functionality.
    Increasing electronics content.  Consumer
    demand for advanced product features, convenience and
    connectivity is driving connector growth at rates faster than
    the growth rates of the underlying electronics markets.
    Product size reduction.  High-density,
    micro-miniature technologies are expanding to markets such as
    data and mobile phones, leading to smaller devices and greater
    mobility.
    Consolidating supply base.  Generally, global
    OEMs are consolidating their supply chain by selecting global
    companies possessing broad product lines and a strong financial
    position for the majority of their connector requirements.
    Price erosion.  As unit volumes grow,
    production experience is accumulated and costs decrease, and as
    a result, prices decline.
    Rising commodity prices.  Commodity prices
    continue to increase and affect gross margin. 3




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##### 



Markets and
    Products
    Percentage of Fiscal 2010



Primary End Use ProductsMarkets


Net Revenue



Supported by MolexTelecommunications



25
%


Mobile phones and devices, networking equipment, switches and
    transmission equipmentData



22
%


Desktop and notebook computers, peripheral equipment, servers,
    storage, copiers, printers and scannersConsumer



20
%


Digital electronics, CD and DVD players, cameras, flat panel
    display, plasma and LCD televisions, electronic games and major
    appliancesIndustrial



14
%


Factory automation, robotics, machine tool, complex machine
    builder, device manufacturers (sensors & valves)Automotive



16
%


Engine control units, body electronics, safety electronics,
    sensors, panel instrumentation and other automotive electronicsOther (includes Medical, Military and Aerospace)



3
%


Electronic and electrical devices for a variety of markets   Telecommunications.
      
    EdgeLinetm

    Connectors are low-profile, 12.5 Gbps connectors for use in
    high-signal transmissions and high-density signal applications,
    Impacttm

    6-Pair Right-Angle Cable Assemblies extend the range of
    high-performance backplane applications to connect with
    next-generation telecom and data networking equipment, while
    maximizing signal integrity at differential speeds up to 25
    Gbps, and
    VHDM®

    H-Series Backplane Connector Systems achieve data rates up
    to 6.25 Gbps, significantly reduce crosstalk and improve PCB
    routing for telecom and datacom system upgrades without costly
    architecture redesigns.  Data.
 4




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##### 



end-to-end
      
    CLIK-Matetm

    is a
    wire-to-board
    system with positive lock for applications such as gaming
    machines and flat panel display televisions, and
    Micro Serial Attached SCSI Connectors deliver the speed and
    reliability server and storage drive makers need for
    mission-critical enterprise-storage applications.  Consumer.
        
    HDMI Type D Micro Connectors are the worlds smallest
    standard I/O interconnect to deliver high-definition video and
    images from digital cameras and mobile devices to flat-panel
    screens,
    microSD Card Connectors offer the lowest profile in the industry
    and enhanced features for superior reliability in compact mobile
    applications and saves packaging space, and
    SlimStacktm

    SMT
    Board-to-Board
    Connectors offer the smallest overall size of any
    board-to-board
    connector available in the market.  Industrial.
     5




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##### 




    Brad Software Development Kits for ethernet protocols to provide
    powerful and cost effective solutions for industrial-device
    manufacturers who want to embed
    PROFINET®

    and EtherNet/IPTM connectivity to improve productivity and
    quality while reducing cost,
    Wide-Area Portable Flood Light to be used in Hazardous
    Class I, Division 1 environments while delivering
    superior light output in an extremely rugged and durable
    fixture, and
    Aero-Motive®

    Compact AB Balancers are compact, ergonomic, cost-effective and
    fit virtually any work space to improve productivity by keeping
    tools organized and safeguard expensive power tools from
    possible accidents with superior suspension features.  Automotive. tm tm tm tm
    
    CMC 22-Circuit Power Connector combines 0.635mm signal contacts
    with 2.80mm power contacts to achieve both low and high-current
    performance in a high-density connector suitable for
    transporation applications; and
    MOST Vertical Junction Boxes reduce customer process time and
    assembly costs in automotive multimedia and infotainment
    networking applications.  Other. plug-and-play
    
    Mini-Fit
    RTCtm

    reflow temperature compatible headers leverage our design and
    manufacturing expertise in applications for the mobile computing
    industry and showcase custom solutions for ultra-low-profile,
    mid-mount PCI Express Mini Card connectors for next-generation
    communication devices, and
    Helieontm

    Sustainable Light Module Assembly with external, constant
    current power supply accelerates innovation to enable the mass
    adoption of solid state lighting.  Business
    Objectives and Strategies
      
    Broad and deep technological knowledge of microelectronic
    devices and techniques, power sources, coatings and materials; 6




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##### 




    Strong intellectual property portfolio that underlies many key
    products;
    High product quality standards, backed with stringent systems
    designed to ensure consistent performance, that meet or surpass
    customers expectations;
    Strong technical collaboration with customers;
    Extensive experience with advanced development, engineering, and
    new product development processes;
    Broad geographical presence in developed and developing markets;
    Continuous effort to develop an efficient, low-cost
    manufacturing footprint; and
    A broad range of products both for specific applications and for
    general consumption.    
    Concentrate on core markets.  We focus on
    markets where we have the expertise, qualifications and
    leadership position to sustain a competitive advantage. We have
    been an established supplier of interconnect solutions for over
    71 years. We are a principal supplier of connector
    components to the telecommunications, data, consumer, industrial
    and automotive electronics markets.
    Grow through the development and release of new
    products.  We invest strategically in the tools
    and resources to develop and market new products and to expand
    existing product lines. New products are essential to enable our
    customers to advance their solutions and their market leadership
    positions. In fiscal 2010, we generated approximately 40% of our
    net revenue from new products, which are defined as those
    products released in the last 36 months.
    Strategic investments in selected
    adjacencies.  We continuously review and
    prioritize opportunities for adjacent markets for our
    technologies. A subset of these are becoming priorities for us
    and are pursued to expand our available market. A leading
    example of this was our entry in Solid State Lighting in fiscal
    2010.
    Optimize manufacturing and supply chain.  We
    analyze the design and manufacturing patterns of our customers
    along with our own supply chain economics to help ensure that
    our manufacturing operations are of sufficient scale and are
    located strategically to minimize production costs and maximize
    customer service.
    Leverage financial strength.  We use our
    expected cash flow from operations and strong balance sheet to
    invest aggressively in new product development, to pursue
    synergistic acquisitions, to align manufacturing capacity with
    customer requirements and to pursue productivity improvements.
    We invested approximately 13% of net revenue in capital
    expenditures and research and development activities in fiscal
    2010.    Competition
   7




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##### 



Customers, Demand
    Creation and Sales Channels
        
    60% of net revenue originated in Asia-Pacific (China, including
    Hong Kong and Taiwan, India, Indonesia, Japan, Korea, Malaysia,
    Philippines, Singapore and Thailand). Approximately 28% and 18%
    of net revenue in fiscal 2010 was derived from operations in
    China and Japan, respectively.
    24% of net revenue originated in the Americas.
    16% of net revenue originated in Europe.      one-to-one state-of-the-art
     8




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##### 



Research and
    Development
          Manufacturing
        Raw
    Materials
   9




---



##### 



Backlog
    Employees
    Acquisitions and
    Investments
    Intellectual
    Property
    Environmental,
    Health & Saftey (EHS) Matters
     10




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##### 



Executive
    Officers
    Positions Held with Registrant



YearName

During the Last Five Years

Age

EmployedFrederick A. Krehbiel(a)

Co-Chairman (1999-present); Chief Executive Officer (2004-2005);
    Co-Chief Executive Officer (1999-2001).


69



1965
(b)John H. Krehbiel, Jr.(a)

Co-Chairman (1999-present); Co-Chief Executive Officer
    (1999-2001).


73



1959
(b)Martin P. Slark

Vice-Chairman and Chief Executive Officer (2005-present);
    President and Chief Operating Officer (2001-2005).


55



1976Liam McCarthy

President and Chief Operating Officer (2005-present); Vice
    President of Operations, Europe (2000-2005).


54



1976David D. Johnson

Executive Vice President, Treasurer and Chief Financial Officer
    (2005-present); Vice President, Treasurer and Chief Financial
    Officer, Sypris Solutions, Inc. (1998-2005).


54



2005Graham C. Brock

Executive Vice President (2005-present) and President, Global
    Sales & Marketing Division (2006-present) and Regional
    President, Europe (2005); Regional Vice President 
    Sales & Marketing, Europe (2000-2005).


56



1976James E. Fleischhacker

Executive Vice President (2001-present); President, Global
    Commercial Products Division (2009-present); President, Global
    Transportation Products Division (2007-2009); and Corporate Vice
    President (1994-2001).


66



1984Katsumi Hirokawa

Executive Vice President (2005-present) and President, Global
    Micro Products Division (2007-present); Vice President and
    President, Asia-Pacific North (2005-2007); President
    (2002-present);


63



1995Gary J. Matula

Senior Vice President, Information Systems and Chief Information
    Officer (2008-present); Vice President, Information Systems and
    Chief Information Officer (2004-2008).


55



1984 11




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##### 



Positions Held with Registrant



YearName

During the Last Five Years

Age

EmployedJ. Michael Nauman

Executive Vice President and President, Global Integrated
    Products Division (2009-present); Senior Vice President and
    President, Global Integrated Products Division (2007-2009);
    President, Integrated Products Division, Americas Region
    (2005-2007).


48



1994Ana G. Rodriguez

Senior Vice President, Global Human Resources (2008-present);
    Vice President, Co-General Counsel and Secretary (2007-2008);
    Corporate Secretary (2006).


42



2005     (a)
    
    John H. Krehbiel, Jr. and Frederick A. Krehbiel (the Krehbiel
    Family) are brothers. The members of the Krehbiel Family may be
    considered to be control persons of Molex. The other
    executive officers listed above have no relationship, family or
    otherwise, to the Krehbiel Family, Molex or each other.(b)
    
    Includes period employed by our predecessor company.  Code of Business
    Conduct and Ethics
      Available
    Information
  Form 10-K, Form 10-Q, Form 8-K 1-800-SEC-0330. http://www.sec.gov Form 10-K, Form 10-Q, Form 8-K
  Item 1A.
    Risk
    Factors  Forward-looking
    Statements
  Form 10-K
 12




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##### 



Risk
    Factors
    Risks Relating to
    Our Business
  We may be
    adversely affected by a prolonged economic downturn or economic
    uncertainty.
    We may see a
    negative effect on our business due to disruptions in financial
    markets.
    We are dependent
    on the success of our customers.
   13




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##### 



We are subject to
    continuing pressure to lower our prices.
    We face rising
    costs of commodity materials.
    We face intense
    competition in our markets.
  non-U.S. competitors
 14




---



##### 



We are dependent
    on new products.
      We face
    manufacturing challenges.
         15




---



##### 



We are dependent
    on independent distributors to sell and market our
    products.
    We face industry
    consolidation.
    We depend on
    industries exposed to rapid technological change.
    We face the
    possibility that our gross margins may decline.
    We face risks
    associated with inventory.
   16




---



##### 



We may encounter
    problems associated with our global operations.
    
    International business conditions including the relationships
    between the U.S. and other governments;
    Unexpected changes in laws, regulations, trade, monetary or
    fiscal policy, including interest rates, foreign currency
    exchange rates and changes in the rate of inflation in the
    U.S. and other foreign countries;
    Tariffs, quotas, customs and other import or export restrictions
    and other trade barriers;
    Difficulties in staffing and management;
    Language and cultural barriers, including those related to
    employment regulation; and
    Potentially adverse tax consequences.  We are exposed to
    fluctuations in currency exchange rates.
  non-U.S. currency non-U.S. markets
   17




---



##### 



We may find that
    our products have quality issues.
    
    lose net revenue;
    incur increased costs such as warranty expense and costs
    associated with customer support;
    experience delays, cancellations or rescheduling of orders for
    our products;
    experience increased product returns or discounts; or
    damage our reputation;    If we fail to
    manage our growth effectively or to integrate successfully any
    future acquisition, our business could be harmed.
    
    Successfully identifying and completing transactions;
    Difficulty in integrating acquired operations, technology and
    products or realizing cost savings or other anticipated benefits
    from integration;
    Retaining customers and existing contracts;
    Retaining the key employees of the acquired operation;
    Potential disruption of our or the acquired companys
    ongoing business;
    Charges for impairment of long-term assets;
    Unanticipated expenses related to integration; and
    Potential unknown liabilities associated with the acquired
    company.    We face risks
    arising from reorganizations of our operations.
   18




---



##### 



We depend on our
    key employees and face competition in hiring and retaining
    qualified employees.
    We are subject to
    various laws and government regulations.
      We rely on our
    intellectual property rights.
     19




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##### 



We could suffer
    significant business interruptions.
    A decline in the
    market value of our pension plans investment portfolios
    could adversely affect our results of operations, financial
    condition and cash flows.
    We may have
    exposure to income tax rate fluctuations and to additional tax
    liabilities, which could negatively affect our financial
    position.
    
    The effects of a mix of profits or losses earned by us and our
    subsidiaries in numerous foreign tax jurisdictions with a broad
    range of tax rates;
    Our ability to use recorded deferred tax assets;
    Changes in uncertain tax positions, interest or penalties
    resulting from tax audits; and
    Changes in tax laws or the interpretation of these laws.         20




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##### 



Covenants in our
    debt instruments may adversely affect us if we are determined
    not to be in compliance.
  and/or and/or
  Our certificate
    of incorporation and bylaws include antitakeover provisions,
    which may deter or prevent a takeover attempt.
    Item 1B.
    Unresolved
    Staff Comments    Item 2.
    Properties        
    Americas: Mexico and United States
    Asia-Pacific: Australia, China, India, Japan, Korea, Malaysia,
    Philippines, Singapore, Taiwan, Thailand and Vietnam
    Europe: Ireland, Italy and Poland 21




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##### 



Item 3.
    Legal
    Proceedings    Item 4.
    [REMOVED
    AND RESERVED] PART II  Item 5.
    Market
    for the Registrants Common Equity, Related Stockholder
    Matters and Issuer Purchases of Equity Securities        2010


2009Low  High


Low  HighCommon Stock


1st


$
14.18


$
21.51


$
22.00


$
25.962nd



18.56



22.28



10.72



22.193rd



19.58



22.59



9.72



15.864th



18.24



23.43



14.00



17.08   2010


2009Low  High


Low  HighClass A Common Stock


1st


$
13.34


$
19.52


$
20.55


$
24.592nd



16.37



19.89



9.24



20.663rd



17.13



19.96



8.94



14.164th



15.45



19.68



12.88



15.65     2010


2009Quarter ended:September 30

$
0.1525


$
0.1525December 31


0.1525



0.1525March 31


0.1525



0.1525June 30


0.1525



0.1525Total

$
0.6100


$
0.6100   and/or and/or
 22




---



##### 



Total Number ofShares Purchased asTotal Number of


Average Price


Part of PubliclyShares Purchased*


Paid per Share


Announced PlanApril 1  April 30Common Stock





$




Class A Common Stock


23


$
19.22



May 1  May 31Common Stock





$




Class A Common Stock


2


$
19.17



June 1  June 30Common Stock





$




Class A Common Stock


5


$
16.64



Total


30


$
18.84



     *
    
    The shares purchased include exercises of employee stock options.   23




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##### 



Performance
    Graph
  Sub-industry
  Comparison of
    Five-Year Cumulative Total Return
    (Value of Investment of $100 on June 30, 2005)
    Among Molex Incorporated, the S&P 500 Index
    and a Peer Group
  
   06/30/05


06/30/06


06/30/07


06/30/08


06/30/09


06/30/10Molex Incorporated Common



100.00




129.91




117.23




97.03




64.21




77.57Molex Incorporated Class A



100.00




123.40




115.26




101.32




66.33




73.72S&P 500



100.00




108.63




131.00




113.81




83.98




96.09Peer Group



100.00




117.35




140.55




126.13




83.51




103.94    24




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##### 



Item 6.
    Selected
    Financial Data  Molex
    Incorporated
  Five-Year
    Financial Highlights Summary
 (In thousands,
    except per share data)
  2010


2009


2008


2007


2006(as restated)(4)Operations:Net revenue

$
3,007,207


$
2,581,841


$
3,328,347


$
3,265,874


$
2,861,289Gross profit


892,623



656,177



1,014,235



1,016,708



942,630Income (loss) from operations


137,802



(348,881
)


313,233



312,137



298,342Income (loss) before income taxes


131,489



(321,573
)


333,931



328,844



316,571Net income (loss)(1)


76,930



(322,036
)


215,720



245,744



228,822Earnings (loss) per share:Basic

$
0.44


$
(1.84
)

$
1.20


$
1.34


$
1.23Diluted


0.44



(1.84
)


1.19



1.32



1.22Net income (loss) percent of net revenue


2.6
%


(12.5
)%


6.5
%


7.4
%


8.3
%Capital expenditures

$
229,477


$
177,943


$
234,626


$
296,861


$
276,783Financial Position:Current assets

$
1,775,821


$
1,507,058


$
1,780,789


$
1,673,700


$
1,619,048Current liabilities


912,696



884,893



817,803



697,289



754,511Working capital(2)


863,125



622,165



962,986



976,411



864,537Current ratio(3)


1.9



1.7



2.2



2.4



2.1Property, plant and equipment, net

$
1,055,144


$
1,080,417


$
1,172,395


$
1,121,369


$
1,025,852Total assets


3,236,578



3,011,586



3,605,302



3,386,260



3,032,514Long-term debt


183,434



30,311



146,333



127,821



7,093Stockholders equity


1,985,131



1,961,252



2,514,216



2,426,845



2,180,264Dividends declared per share

$
0.61


$
0.61


$
0.45


$
0.30


$
0.23Average common shares outstanding:Basic


173,803



174,598



180,474



183,961



185,521Diluted


174,660



174,598



181,395



185,565



187,416     (1)
    
    Operating results include the following by year (in thousands):  2010


2009


2008


2007


2006After-tax restructuring costs and asset impairments

$
92,835


$
111,798


$
20,988


$
30,255


$
19,180Goodwill impairments






264,140











After-tax net loss on unauthorized activities in Japan


17,128



1,712



3,007







     (2)
    Working capital is defined as current assets minus current
    liabilities.(3)
    Current ratio is defined as current assets divided by current
    liabilities.(4)
    We restated our historical consolidated financial statements.
    The financials for fiscal
    2006-2009
    have been revised to reflect the restatement. See Note 3 of
    the Notes to Consolidated Financial Statements. 25




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##### 



Item 7.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations    Form 10-K.
    
    As discussed in Note 4 of the Notes to Consolidated
    Financial Statements, we recorded a liability for potential
    losses related to the unauthorized activities in Japan. We are
    restating prior period financial statements to record
    liabilities in the periods in which the unauthorized
    transactions occurred.
    During the fourth quarter of fiscal 2010, we completed a study
    to determine if historical tax transactions and balances had
    been recognized appropriately in accordance with ASC 740.
    We identified errors in tax-related accounts in prior periods.  Overview
  Our
    Business
       26




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##### 



Percentage of Net Revenue2010


2009


2008Telecommunications


25
%


26
%


25
%Data


22



21



20Consumer


20



21



20Industrial


14



15



16Automotive


16



14



17Other


3



3



2Total


100
%


100
%


100
%     2010


2009


2008Americas


24.4
%


26.9
%


27.6
%Asia-Pacific


59.8



54.4



52.0Europe


15.8



18.7



20.4Total


100.0
%


100.0
%


100.0
%     2010


2009


2008Connector


72.4
%


69.3
%


71.4
%Custom & Electrical


27.5



30.6



28.3Corporate & Other


0.1



0.1



0.3Total


100.0
%


100.0
%


100.0
%       Business
    Environment
   27




---



##### 



Non-GAAP Financial
    Measures
      Net Loss on
    Unauthorized Activities in Japan
     28




---



##### 



Financial
    Highlights
    Results of
    Operations
    Percentage of





Percentage of





Percentage of2010


Net Revenue


2009


Net Revenue


2008


Net Revenue(as restated)





(as restated)Net revenue

$
3,007,207



100.0
%

$
2,581,841



100.0
%

$
3,328,347



100.0
%Cost of sales


2,114,584



70.3
%


1,925,664



74.6
%


2,314,112



69.5
%Gross profit


892,623



29.7
%


656,177



25.4
%


1,014,235



30.5
%Selling, general & administrative


610,784



20.3
%


586,702



22.7
%


665,038



20.0
%Restructuring costs and asset impairments


117,139



3.9
%


151,531



5.9
%


31,247



0.9
%Net loss on unauthorized activities in Japan


26,898



0.9
%


2,685



0.1
%


4,717



0.1
%Goodwill impairments






0.0
%


264,140



10.2
%






0.0
%Income (loss) from operations


137,802



4.6
%


(348,881
)


(13.5
)%


313,233



9.4
%Other (expense) income, net


(6,313
)


(0.2
)%


27,308



1.0
%


20,698



0.6
%Income (loss) before income taxes


131,489



4.4
%


(321,573
)


(12.5
)%


333,931



10.0
%Income taxes


54,559



1.8
%


463



(0.0
)%


118,211



3.6
%Net income (loss)

$
76,930



2.6
%

$
(322,036
)


(12.5
)%

$
215,720



6.5
%  29




---



##### 



Net
    Revenue
    2010


2009Net revenue for prior year

$
2,581,841


$
3,328,347Components of net revenue increase (decrease):Organic net revenue increase (decline)


334,843



(769,296
)Currency translation


60,236



5,243Acquisitions


30,287



17,547Total change in net revenue from prior year


425,366



(746,506
)Net revenue for current year

$
3,007,207


$
2,581,841Organic net revenue increase (decline) as a percentage of net
    revenue for prior year


13.0
%


(23.1
)%       June 30, 2010


June 30, 2009Local


Currency


Net


Local


Currency


NetCurrency


Translation


Change


Currency


Translation


ChangeAmericas

$
46,217


$
1,384


$
47,601


$
(226,735
)

$
(2,627
)

$
(229,362
)Asia-Pacific


336,195



58,199



394,394



(354,081
)


27,594



(326,487
)Europe


(9,355
)


653



(8,702
)


(177,647
)


(19,724
)


(197,371
)Corporate & Other


(7,927
)






(7,927
)


6,714







6,714Net change

$
365,130


$
60,236


$
425,366


$
(751,749
)

$
5,243


$
(746,506
)     2010


2009Americas


6.7
%


(24.7
)%Asia-Pacific


42.3



(20.5
)Europe


(1.9
)


(26.1
)Total


16.5
%


(22.6
)%    30




---



##### 



2010


2009Telecommunications


3
%


(18
)%Consumer


25



(18
)Data


21



(18
)Industrial


13



(27
)Automotive


26



(35
)             Gross
    Profit
   31




---



##### 



2010

2009

2008Gross profit

$
892,623


$
656,177


$
1,014,235Gross margin


29.7
%


25.4
%


30.5
%       2010

2009

2008Average PriceCopper (price per pound)

$
3.04


$
2.69


$
3.49Gold (price per troy ounce)


1,096.00



872.00



825.00       2010

2009

2008Price erosion

$
(124,787
)

$
(97,643
)

$
(132,758
)Currency translation


23,928



4,590



48,842Currency transaction


(22,076
)


(14,382
)


(18,393
)        32




---



##### 



Operating
    Expenses
    2010

2009

2008Selling, general & administrative

$
610,784


$
586,702


$
665,038Selling, general & administrative as a percentage of
    net revenue


20.3
%


22.7
%


20.0
%Restructuring costs and asset impairments


117,139



151,531



31,247Net loss on unauthorized activities in Japan


26,898



2,685



4,717Goodwill impairments






264,140



   Selling,
    general & administrative expenses
      Restructuring
    costs and asset impairments
    2010


2009


2008Severance costs

$
79,609


$
110,155


$
17,648Asset impairments


37,296



21,128



13,599Restructuring costs


116,905



131,283



31,247Intangible asset impairments


234



16,300



Other charges






3,948



Total restructuring charges and asset impairments

$
117,139


$
151,531


$
31,247  33




---



##### 



Goodwill
    Other (Expense)
    Income, net
   34




---



##### 



Effective Tax
    Rate
    2010

2009

2008(as restated)

(as restated)Effective tax rate


41.5
%


(0.1
)%


35.4
%   non-U.S. jurisdictions
    Results by
    Product Segment
    
    The Connector segment designs and manufactures products for
    high-speed, high-density, high signal-integrity applications as
    well as fine-pitch, low-profile connectors for the consumer and
    commercial markets. It also designs and manufactures products
    that withstand environments such as heat, cold, dust, dirt,
    liquid and vibration for automotive and other transportation
    applications.
    The Custom & Electrical segment designs and
    manufactures integrated and customizable electronic components
    across all industries that provide original, differentiated
    solutions to customer requirements. It also leverages expertise
    in the use of signal, power and interface technology in
    industrial automation and other harsh environment applications. 35




---



##### 



Connector.
  2010


2009Net revenue for prior year

$
1,789,139


$
2,377,584Components of net revenue increase (decrease):Organic net revenue increase (decrease)


308,947



(614,321
)Currency translation


54,224



18,572Acquisitions


24,704



7,304Total change in net revenue from prior year


387,875



(588,445
)Net revenue for current year

$
2,177,014


$
1,789,139Organic net revenue increase (decrease) as a percentage of net
    revenue for prior year


17.3
%


(25.8
)%       2010

2009

2008Income (loss) from operations

$
123,980


$
(125,604
)

$
317,596Operating margin


5.7
%


(7.0
)%


13.4
%    36




---



##### 



Custom & Electrical.
  2010


2009Net revenue for prior year

$
790,601


$
941,365Components of net revenue increase (decrease):Organic net revenue increase (decrease) growth


26,673



(147,648
)Currency translation


6,048



(13,359
)Acquisitions


5,583



10,243Total change in net revenue from prior year


38,304



(150,764
)Net revenue for current year

$
828,905


$
790,601Organic net revenue increase (decrease) growth as a percentage
    of net revenue for prior year


4.8
%


(15.7
)%       2010

2009

2008Income (loss) from operations

$
111,083


$
(152,443
)

$
94,076Operating margin


13.4
%


(19.3
)%


10.0
%     Financial
    Condition and Liquidity
  non-U.S. accounts non-U.S. accounts
   37




---



##### 



Cash
    Flows
    2010


2009


2008Cash provided from operating activities

$
250,579


$
369,898


$
479,134Cash used for investing activities


(216,871
)


(253,086
)


(218,156
)Cash used for financing activities


(83,236
)


(155,582
)


(197,306
)Effect of exchange rate changes on cash


1,173



(12,030
)


33,474Net (decrease) increase in cash and cash equivalents

$
(48,355
)

$
(50,800
)

$
97,146   Operating
    Activities
      Investing
    Activities
  U.S.-based
      Financing
    Activities
     38




---



##### 



Sources of
    Liquidity
      AverageInterestRate


Maturity


2010


2009Long-term debt:U.S. Credit Facility


2.85
%


2012


$
100,000


$
25,000Unsecured bonds and term loans


1.31 - 1.65
%


2012 - 2013



81,431



Mortgages, industrial development bonds and other debt


5.90 - 7.80
%


2012 - 2013



2,003



5,311Total long-term debt










183,434



30,311Current portion of long-term debt and short-term borrowings:Unsecured bonds, term loans and short-term credit line


1.31 - 1.65
%






104,359



208,007Other short-term borrowings, including capital leases


4.86
%






5,711



16,333Total current portion of long-term debt and short-term Borrowings










110,070



224,340Total debt









$
293,504


$
254,651        39




---



##### 



Contractual
    Obligations and Commercial Commitments
    Less Than


1-3


4-5


More ThanTotal


1 Year


Years


Years


5 YearsOperating lease obligations

$
37,707


$
15,138


$
13,205


$
7,701


$
1,663Capital lease obligations


6,133



3,160



2,896



77



Other long-term liabilities


10,713



2,878



971



38



6,826Debt obligations


291,590



108,748



182,810



32



Total(1)

$
346,143


$
129,924


$
199,882


$
7,848


$
8,489     (1)
    
    Total does not include contractual obligations recorded on the
    balance sheet as current liabilities or certain purchase
    obligations, as discussed below. Debt and capital lease
    obligations include interest payments.    agreed-upon
  Off-Balance Sheet
    Arrangements
    Critical
    Accounting Estimates
     40




---



##### 



Revenue
    Recognition
  605-10,
    Income
    Taxes
  ASC 740-10,
  ASC 740-10,
      non-U.S. net
  Inventory
  first-in,
 41




---



##### 



Pension
    Plans
      Increase (Decrease)

Increase (Decrease)in PBO

in Pension ExpenseU.S. Plan

Intl Plans

U.S. Plan

Intl PlansDiscount rate change:Increase 50 basis points

$
(5,491
)

$
(10,429
)

$
(277
)

$
(154
)Decrease 50 basis points


6,290



11,874



295



164Expected rate of return change:Increase 100 basis points


N/A



N/A



493



518Decrease 100 basis points


N/A



N/A



(493
)


(518
)   Other
    Postretirement Benefits
   42




---



##### 



Increase (Decrease)Total Annual Service

Increase (Decrease)and Interest Cost

in APBOIncrease 100 basis points:

$
539


$
6,778Decrease 100 basis points:


(449
)


(5,955
)   Stock
    Options
    Fair Value of
    Financial Assets and Liabilities
  ASC 820-10
  Quoted Pricesin Active

SignificantTotal

Markets for

Other

SignificantMeasured

Identical

Observable

Unobservableat Fair

Assets

Inputs

InputsValue

(Level 1)

(Level 2)

(Level 3)Available for sale and trading securities

$
33,032


$
33,032


$



$
Derivative financial instruments, net


3,644







3,644



   ASC 815-10, ASC 820-10
  Goodwill
       43




---



##### 



Restructuring
    Costs and Asset Impairments
      Other-Than-Temporary
    Impairments (OTTI)
  available-for-sale
  Impairment of
    Long-Lived Assets
    New Accounting
    Pronouncements
    ASC 805-10, ASC 805-10 ASC 805-10
 44




---



##### 



ASC 805-10
  ASC 810-10, ASC 810-10 ASC 810-10
  ASC 815-10, ASC 815-10 ASC 815-10
    No. 2009-13, 2009-13 2009-13,
  ASC 810-10, ASC 810-10,
  Item 7A.
    Quantitative
    and Qualitative Disclosures About Market Risk       45




---



##### 



46




---



##### 



Item 8.
    Consolidated
    Financial Statements and Supplementary Data  Molex
    Incorporated
  Index to
    Consolidated Financial Statements
  PageConsolidated Balance Sheets


48Consolidated Statements of Operations


49Consolidated Statements of Cash Flows


50Consolidated Statements of Stockholders
    Equity


51Notes to Consolidated Financial Statements


52Report of Independent Registered Public
    Accounting Firm


83Report of Independent Registered Public
    Accounting Firm on Internal Control Over Financial Reporting


84  47




---



##### 



Molex
    IncorporatedConsolidated Balance Sheets (In
    thousands)
  June 30,2010


2009(as restated)ASSETSCurrent assets:Cash and cash equivalents

$
376,352


$
424,707Marketable securities


18,508



43,234Accounts receivable, less allowances of $43,650 at June 30,
    2010 and $32,593 at June 30, 2009


734,932



528,907Inventories


469,369



354,337Deferred income taxes


112,531



87,424Other current assets


64,129



68,449Total current assets


1,775,821



1,507,058Property, plant and equipment, net


1,055,144



1,080,417Goodwill


131,910



128,494Non-current deferred income taxes


94,191



99,276Other assets


179,512



196,341Total assets

$
3,236,578


$
3,011,586LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Current portion of long-term debt and short-term borrowings

$
110,070


$
224,340Accounts payable


395,474



266,633Accrued expenses:Salaries, commissions and bonuses


96,403



55,109Restructuring


26,898



69,928Accrual for unauthorized activities in Japan


165,815



174,804Other


96,531



93,392Income taxes payable


21,505



687Total current liabilities


912,696



884,893Other non-current liabilities


19,869



21,862Accrued pension and other postretirement benefits


135,448



113,268Long-term debt


183,434



30,311Total liabilities


1,251,447



1,050,334Commitments and contingenciesStockholders equity:Common Stock, $0.05 par value; 200,000 shares
    authorized; 112,204 shares issued at June 30, 2010 and
    2009


5,610



5,610Class A Common Stock, $0.05 par value;
    200,000 shares authorized; 111,839 shares issued at
    June 30, 2010 and 110,468 shares issued at
    June 30, 2009


5,592



5,523Class B Common Stock, $0.05 par value; 146 shares
    authorized; 94 shares issued at June 30, 2010 and 2009


5



5Paid-in capital


638,796



601,459Retained earnings


2,232,445



2,261,594Treasury stock (Common Stock, 16,644 shares at
    June 30, 2010 and 2009; Class A Common Stock,
    33,298 shares at June 30, 2010 and 32,789 shares
    at June 30, 2009), at cost


(1,098,087
)


(1,089,322
)Accumulated other comprehensive income


200,770



176,383Total stockholders equity


1,985,131



1,961,252Total liabilities and stockholders equity

$
3,236,578


$
3,011,586    48




---



##### 



Molex
    IncorporatedConsolidated Statements of Operations (In
    thousands, except per share data)
  Years Ended June 30,2010


2009


2008(as restated)


(as restated)Net revenue

$
3,007,207


$
2,581,841


$
3,328,347Cost of sales


2,114,584



1,925,664



2,314,112Gross profit


892,623



656,177



1,014,235Selling, general and administrative


610,784



586,702



665,038Restructuring costs and asset impairments


117,139



151,531



31,247Net loss on unauthorized activities in Japan


26,898



2,685



4,717Goodwill impairments






264,140



Total operating expenses


754,821



1,005,058



701,002Income (loss) from operations


137,802



(348,881
)


313,233Interest (expense) income, net


(5,416
)


1,961



9,192Other (expense) income


(897
)


25,347



11,506Total other (expense) income


(6,313
)


27,308



20,698Income (loss) before income taxes


131,489



(321,573
)


333,931Income taxes


54,559



463



118,211Net income (loss)

$
76,930


$
(322,036
)

$
215,720Earnings (loss) per share:Basic

$
0.44


$
(1.84
)

$
1.20Diluted

$
0.44


$
(1.84
)

$
1.19Average common shares outstanding:Basic


173,803



174,598



180,474Diluted


174,660



174,598



181,395    49




---



##### 



Molex
    Incorporated
  Consolidated Statements of Cash Flows
 (In
    thousands)
  Years Ended June 30,2010


2009


2008(as restated)


(as restated)Operating activities:Net income (loss)

$
76,930


$
(322,036
)

$
215,720Add (deduct) non-cash items included in net income (loss):Depreciation and amortization


238,666



251,902



252,344Goodwill impairment






264,140



Asset write-downs included in restructuring costs


37,296



41,376



13,599Loss (gain) on investments


558



(143
)


111Deferred income taxes


(16,965
)


(28,233
)


28,786Loss on sale of property, plant and equipment


4,092



2,478



296Share-based compensation


27,034



26,508



24,249Other non-cash items


20,577



(8,124
)


(6,778
)Changes in assets and liabilities:Accounts receivable


(208,051
)


201,080



478Inventories


(117,701
)


95,529



(26,240
)Accounts payable


115,869



(84,502
)


34,197Other current assets and liabilities


14,559



(22,591
)


(43,771
)Other assets and liabilities


57,715



(47,486
)


(13,857
)Cash provided from operating activities


250,579



369,898



479,134Investing activities:Capital expenditures


(229,477
)


(177,943
)


(234,626
)Proceeds from sales of property, plant and equipment


3,014



9,574



14,978Proceeds from sales or maturities of marketable securities


44,373



29,549



811,724Purchases of marketable securities


(18,890
)


(42,751
)


(764,966
)Acquisitions


(10,097
)


(74,789
)


(42,503
)Other investing activities


(5,794
)


3,274



(2,763
)Cash used for investing activities


(216,871
)


(253,086
)


(218,156
)Financing activities:Proceeds from revolving credit facility and short-term loans


154,000



245,000



139,590Payments on revolving credit facility


(79,000
)


(295,000
)


(75,000
)Proceeds from issuance of long-term debt


32,647



78,060



−Payments of long-term debt


(87,787
)


(1,827
)


(1,948
)Cash dividends paid


(105,984
)


(99,640
)


(74,598
)Exercise of stock options


4,008



1,692



16,732Excess tax benefits from share-based compensation






1,693



1,677Purchase of treasury stock






(76,342
)


(199,583
)Other financing activities


(1,120
)


(9,218
)


(4,176
)Cash used for financing activities


(83,236
)


(155,582
)


(197,306
)Effect of exchange rate changes on cash


1,173



(12,030
)


33,474Net (decrease) increase in cash and cash equivalents


(48,355
)


(50,800
)


97,146Cash and cash equivalents, beginning of year


424,707



475,507



378,361Cash and cash equivalents, end of year

$
376,352


$
424,707


$
475,507Supplemental cash flow information:Interest paid

$
6,262


$
5,487


$
3,599Income taxes paid

$
43,319


$
83,904


$
64,641    50




---



##### 



Molex
    IncorporatedConsolidated Statements of Stockholders
    Equity (In
    thousands)
  Years Ended June 30,2010


2009


2008(as restated)


(as restated)Common stock

$
11,207


$
11,138


$
11,107Paid-in capital:Beginning balance

$
601,459


$
569,046


$
520,037Stock-based compensation


27,034



26,508



24,249Exercise of stock options


9,012



4,183



22,738Issuance of stock awards


1,291



1,586



1,743Other






136



279Ending balance

$
638,796


$
601,459


$
569,046Retained earnings:Beginning balance, as reported

$
2,355,991


$
2,785,099


$
2,650,470Restatement adjustments (see Note 3)


(94,397
)


(93,648
)


(93,931
)Beginning balance, as restated


2,261,594



2,691,451



2,556,539Net income (loss)


76,930



(322,036
)


215,720Dividends


(106,079
)


(106,110
)


(80,756
)Other






(1,711
)


(52
)Ending balance

$
2,232,445


$
2,261,594


$
2,691,451Treasury stock:Beginning balance

$
(1,089,322
)

$
(1,009,021
)

$
(799,894
)Purchase of treasury stock






(76,342
)


(199,583
)Exercise of stock options


(8,765
)


(3,959
)


(9,544
)Other










−Ending balance

$
(1,098,087
)

$
(1,089,322
)

$
(1,009,021
)Accumulated other comprehensive income, net of tax:Beginning balance, as reported

$
183,298


$
320,615


$
141,398Restatement adjustments (see Note 3)


(6,915
)


(6,915
)


(6,982
)Beginning balance, as restated


176,383



313,700



134,416Translation adjustments


35,482



(115,029
)


165,706Pension adjustments, net of tax


(12,459
)


(22,137
)


3,309Unrealized investment gain (loss), net of tax


1,364



(151
)


10,202Ending balance

$
200,770


$
176,383


$
313,633Total stockholders equity

$
1,985,131


$
1,961,252


$
2,576,216Comprehensive (loss) income, net of tax:Net income (loss)

$
76,930


$
(322,036
)

$
215,720Translation adjustments


35,482



(115,029
)


165,706Pension adjustments, net of tax


(12,459
)


(22,137
)


3,309Unrealized investment gain, net of tax


1,364



(151
)


10,202Total comprehensive income (loss), net of tax

$
101,317


$
(459,353
)

$
394,937    51




---



##### 



Molex
    Incorporated



Notes to
    Consolidated Financial Statements  1.
    Organization and
    Basis of Presentation    2.
    Summary of
    Significant Accounting Policies  Principles of
    Consolidation
    Use of
    Estimates
    Currency
    Translation
    Cash and Cash
    Equivalents
    Marketable
    Securities
  non-U.S. local available-for-sale
  mark-to-market available-for-sale available-for-sale
  Accounts
    Receivable
   52




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    Inventories
  first-in,
  Property, Plant
    and Equipment
      Buildings


25  40 yearsMachinery and equipment


3  10 yearsMolds and dies


3  4 years     Goodwill
      Other-Than-Temporary
    Impairments (OTTI)
  available-for-sale
 53




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    Pension and Other
    Postretirement Plan Benefits
    Revenue
    Recognition
               54




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  Research and
    Development
    Income
    Taxes
    Derivative
    Instruments and Hedging Activities
    Stock-Based
    Compensation
    Accounting
    Changes
  Uncertainty in
    Income Taxes
  740-10, ASC 740-10 ASC 740-10
  New Accounting
    Pronouncements
   55




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  ASC 805-10, ASC 805-10 ASC 805-10 ASC 805-10
  ASC 810-10, ASC 810-10 ASC 810-10
  ASC 815-10, ASC 815-10 ASC 815-10
    No. 2009-13, 2009-13 2009-13,
  ASC 810-10, ASC 810-10,
  3.
    Restatement of
    Prior Period Financial Statements    
    As discussed in Note 4, we recorded a liability for
    potential losses related to the unauthorized activities in
    Japan. We are restating prior period financial statements to
    record liabilities in the periods in which the unauthorized
    transactions occurred.
    During the fourth quarter of fiscal 2010, we completed a study
    to determine if historical tax transactions and balances had
    been recognized appropriately in accordance with ASC 740.
    We identified errors in tax-related accounts in prior periods.   56




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
      AdjustmentsAs Reported

Japan

Tax

As RestatedYear Ended June 30, 2009:Net loss on unauthorized activities in Japan

$



$
2,685


$



$
2,685Income (loss) from operations


(346,196
)


(2,685
)






(348,881
)Income (loss) before income taxes


(318,888
)


(2,685
)






(321,573
)Income taxes


2,399



(973
)


(963
)


463Net income (loss)


(321,287
)


(1,712
)


963



(322,036
)Earnings (loss) per share:Basic


(1.84
)


0.01



(0.01
)


(1.84
)Diluted


(1.84
)


0.01



(0.01
)


(1.84
)Year Ended June 30, 2008:Net loss on unauthorized activities in Japan

$



$
4,717


$



$
4,717Income (loss) from operations


317,950



(4,717
)






313,233Income (loss) before income taxes


338,648



(4,717
)






333,931Income taxes


123,211



(1,710
)


(3,290
)


118,211Net income (loss)


215,437



(3,007
)


3,290



215,720Earnings (loss) per share:Basic


1.19



(0.02
)


0.02



1.20Diluted


1.19



(0.02
)


0.02



1.19     AdjustmentsAs Reported

Japan

Tax

As RestatedDeferred income taxes

$
27,939


$
63,366


$
(3,881
)

$
87,424Total current assets


1,447,573



63,366



(3,881
)


1,507,058Non-current deferred income taxes


89,332







9,944



99,276Total assets


2,942,157



63,366



6,063



3,011,586Income taxes payable


4,750







(4,063
)


687Accrual for unauthorized activities in Japan






174,804







174,804Total current liabilities


714,152



174,804



(4,063
)


884,893Total liabilities


879,593



174,804



(4,063
)


1,050,334Retained earnings


2,355,991



(111,438
)


17,041



2,261,594Accumulated other comprehensive income


183,298







(6,915
)


176,383Total stockholders equity


2,062,564



(111,438
)


10,126



1,961,252Total liabilities and stockholders equity


2,942,157



63,366



6,063



3,011,586  57




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    AdjustmentsAs Reported

Japan

Tax

As Restated2009:Net income (loss)

$
(321,287
)

$
(1,712
)

$
963


$
(322,036
)Deferred income taxes


(26,606
)


(973
)


(654
)


(28,233
)Other current assets and liabilities


(24,967
)


2,685



(309
)


(22,591
)Cash provided from operating activities


369,898











369,8982008:Net income (loss)

$
215,437


$
(3,007
)

$
3,290


$
215,720Deferred income taxes


31,096



(1,710
)


(600
)


28,786Other current assets and liabilities


(45,798
)


4,717



(2,690
)


(43,771
)Cash provided from operating activities


479,134











479,134   4.
    Net Loss on
    Unauthorized Activities in Japan       58




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  5.
    Earnings Per
    Share    2010


2009


2008(as restated)


(as restated)Net income (loss)

$
76,930


$
(322,036
)

$
215,720Basic average common shares outstanding


173,803



174,598



180,474Effect of dilutive stock options


857







921Diluted average common shares outstanding


174,660



174,598



181,395Earnings (loss) per share:Basic

$
0.44


$
(1.84
)

$
1.20Diluted

$
0.44


$
(1.84
)

$
1.19     6.
    Acquisitions      U.S.-based
  7.
    Restructuring
    Costs and Asset Impairments    2010


2009


2008Severance costs

$
79,609


$
110,155


$
17,648Asset impairments


37,296



21,128



13,599Restructuring costs


116,905



131,283



31,247Intangible asset impairments


234



16,300



Other charges






3,948



Total restructuring charges and asset impairments

$
117,139


$
151,531


$
31,247  59




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  Molex
    Restructuring Plans
           60




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    2010


2009


2008Connector:Severance costs

$
64,311


$
73,658


$
3,154Asset impairments


35,962



18,468



11,380Other






1,750



Total

$
100,273


$
93,876


$
14,534Custom & Electrical:Severance costs

$
11,233


$
22,483


$
3,144Asset impairments


1,001



529



193Other






16,300



Total

$
12,234


$
39,312


$
3,337Corporate and Other:Severance costs

$
4,065


$
14,014


$
11,350Asset impairments


333



2,131



2,026Other


234



2,198



Total

$
4,632


$
18,343


$
13,376Total:Severance costs

$
79,609


$
110,155


$
17,648Asset impairments


37,296



21,128



13,599Other


234



20,248



Total

$
117,139


$
151,531


$
31,247     Balance at June 30, 2007

$
28,196Charges to expense


20,711Cash payments


(31,481
)Non-cash related costs


1,368Balance at June 30, 2008

$
18,794Charges to expense


110,155Cash payments


(55,168
)Non-cash related costs


(3,897
)Balance at June 30, 2009

$
69,884Charges to expense


79,609Cash payments


(117,911
)Non-cash related costs


(4,684
)Balance at June 30, 2010

$
26,898  61




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  8.
    Inventories    2010


2009Raw materials

$
86,338


$
58,720Work in progress


139,922



113,782Finished goods


243,109



181,835Total inventories

$
469,369


$
354,337   9.
    Property, Plant
    and Equipment    2010


2009Land and improvements

$
69,217


$
68,262Buildings and leasehold improvements


705,207



692,108Machinery and equipment


1,629,051



1,625,312Molds and dies


743,166



761,748Construction in progress


86,381



67,249Total


3,233,022



3,214,679Accumulated depreciation


(2,177,878
)


(2,134,262
)Net property, plant and equipment

$
1,055,144


$
1,080,417     10.
    Goodwill    2010


2009Beginning balance

$
128,494


$
373,623Additions


2,791



28,605Impairment






(264,140
)Foreign currency translation


625



(9,594
)Ending balance

$
131,910


$
128,494      62




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    11.
    Other Intangible
    Assets      2010


2009Gross





Net


Gross





NetCarrying


Accumulated


Carrying


Carrying


Accumulated


CarryingAmount


Amortization


Amount


Amount


Amortization


AmountCustomer-related

$
31,191


$
(6,193
)

$
24,998


$
31,191


$
(4,567
)

$
26,624Technology-based


23,510



(13,039
)


10,471



21,403



(9,404
)


11,999License fees


8,485



(5,517
)


2,968



7,660



(4,467
)


3,193Total

$
63,186


$
(24,749
)

$
38,437


$
60,254


$
(18,438
)

$
41,816       2010


2009Gross


Weighted


Gross


WeightedCarrying


Average


Carrying


AverageAmount


Life


Amount


LifeCustomer-related

$




n/a


$
8,600



14 yearsTechnology-based


2,107



8.6 years



400



5 yearsLicense fees


825



3.2 years



150



5 yearsTrade names






Indefinite







IndefiniteTotal

$
2,932






$
9,150    63




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    Amount2011

$
5,4252012


5,3182013


3,8142014


3,1302015 and thereafter


20,750Total

$
38,437   12.
    Income
    Taxes    2010


2009


2008(as restated)


(as restated)United States

$
21,985


$
(215,328
)

$
133,969International


109,504



(106,245
)


199,962Income (loss) before income taxes

$
131,489


$
(321,573
)

$
333,931     2010


2009


2008(as restated)


(as restated)Current:U.S. Federal

$
13,658


$
5,613


$
26,211State


1,553



1,122



2,803International


41,053



22,270



63,101Total currently payable

$
56,264


$
29,005


$
92,115Deferred:U.S. Federal

$
(6,499
)

$
(5,589
)

$
37,183State


(1,460
)


759



(89
)International


6,254



(23,712
)


(10,998
)Total deferred


(1,705
)


(28,542
)


26,096Total income tax expense

$
54,559


$
463


$
118,211  64




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    2010


2009


2008(as restated)


(as restated)U.S. Federal income tax rate


35.0
%


35.0
%


35.0
%Permanent tax exemptions


(11.9
)


0.8



(1.3
)Repatriation of foreign earnings


4.4



(1.4
)


(0.5
)Tax examinations and settlements










(0.2
)Provision for tax contingencies


(2.6
)


(2.5
)


1.0Valuation allowance


11.0



(8.3
)


(0.3
)Reduction of benefit from share-based payments


5.9Change in health care legislation


2.7







Goodwill impairment






(30.1
)


State income taxes, net of Federal tax benefit


0.3



(0.2
)


0.8Foreign tax rates less than U.S. Federal rate (net)


(3.2
)


5.0



(5.4
)Adjustments to foreign tax credits










5.1Other


(0.1
)


1.6



1.2Effective tax rate


41.5
%


(0.1
)%


35.4
%   non-U.S. jurisdictions
  non-U.S. net non-U.S. net
  non-U.S. net
 65




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    2010


2009(as restated)Deferred tax assets:Pension and other postretirement liabilities

$
35,056


$
44,518Stock option and other benefits


18,236



23,215Capitalized research and development


7,798



12,730Foreign tax credits


8,474



3,086Net operating losses


101,576



93,672Depreciation and amortization


2,633



2,887Inventory


11,443



13,970Restructuring


8,278



Accrual for unauthorized activities in Japan


73,205



69,429Allowance for doubtful accounts


9,596



7,346Patents


5,992



6,070Severance


6,491



6,793Other, net


28,179



13,793Total deferred tax assets before valuation allowance


316,957



297,509Valuation allowance


(80,935
)


(77,399
)Total deferred tax assets


236,022



220,110Deferred tax liabilities:Investments


(29,192
)


(27,877
)Depreciation and amortization






(5,533
)Other, net


(108
)


Total deferred tax liabilities


(29,300
)


(33,410
)Total net deferred tax assets

$
206,722


$
186,700     2010


2009(as restated)Net deferred taxes:Current asset

$
112,531


$
87,424Non-current asset


94,191



99,276Total

$
206,722


$
186,700   non-U.S. subsidiaries
   66




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
      Fiscal 2010June 30

July 1Unrecognized tax benefits

$
20,142


$
23,509Portion that, if recognized, would reduce tax expense and
    effective tax rate


20,142



23,509     Balance as of July 1, 2009

$
23,509Additions based on tax positions related to the current year


Additions for tax positions of prior years


1,983Reductions for tax positions of prior years


(5,350
)Reductions due to lapse of applicable statute of limitations


Balance at June 30, 2010

$
20,142       13.
    Profit Sharing,
    Pension and Post Retirement Medical Benefit Plans  Profit Sharing
    Plans
    Pension
    Plans
  and/or non-U.S. subsidiaries. Non-U.S. plans
 67




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  Post Retirement
    Medical Benefit Plans
    Benefit
    Obligation and Plan Assets
    U.S. Pension

Non-U.S. Pension

PostretirementBenefits

Benefits

Medical Benefits2010

2009

2010

2009

2010

2009Accumulated benefit obligation

$
63,949


$
49,758


$
116,690


$
101,084


$
45,402


$
36,781     U.S. Pension


Non-U.S. Pension


PostretirementBenefits


Benefits


Medical Benefits2010


2009


2010


2009


2010


2009Change in projected benefit obligation:Beginning benefit obligation

$
54,500


$
52,980


$
116,781


$
115,436


$
36,781


$
46,779Service cost


2,521



2,404



5,441



5,872



1,082



1,741Interest cost


3,799



3,612



4,183



4,319



2,486



2,883Plan participants contributions










131



207



919



831Actuarial loss (gain)


13,826



(2,506
)


15,871



8,834



6,179



(2,970
)Plan amendment










(217
)










(11,958
)Special termination benefits


















70



321Actual expenses










(122
)


(86
)






Effect of curtailment or settlement






(1,940
)


(14,362
)


(13,219
)






Business combination










5,199











Impact of Measurement Date Change






1,504















1,407Benefits paid to plan participants


(2,871
)


(1,554
)


(2,043
)


(2,653
)


(2,115
)


(2,253
)Changes in foreign currency










(3,722
)


(1,929
)






Ending projected benefit obligation

$
71,775


$
54,500


$
127,140


$
116,781


$
45,402


$
36,781   68




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  U.S. Pension


Non-U.S. Pension


PostretirementBenefits


Benefits


Medical Benefits2010


2009


2010


2009


2010


2009Change in plan assets:Beginning fair value of plan assets

$
48,565


$
58,840


$
46,577


$
66,463


$



$
Actual return on plan assets


7,323



(11,707
)


5,365



(14,069
)






Employer contributions


3,745



4,472



12,099



14,388



1,196



1,422Settlements






(1,486
)


(7,663
)


(12,776
)






Actual expenses










(122
)


(86
)






Plan participants contributions










131



207



919



831Business combination










1,505











Benefits paid to plan participants


(2,871
)


(1,554
)


(2,043
)


(2,653
)


(2,115
)


(2,253
)Changes in foreign currency










(3,921
)


(4,897
)






Ending fair value of plan assets

$
56,762


$
48,565


$
51,928


$
46,577


$



$
     U.S. Pension

Non-U.S. Pension

PostretirementBenefits

Benefits

Medical Benefits2010

2009

2010

2009

2010

2009Funded Status

$
(15,013
)

$
(5,935
)

$
(75,212
)

$
(70,204
)

$
(45,402
)

$
(36,781
)     U.S. Pension


Non-U.S. Pension


PostretirementBenefits


Benefits


Medical Benefits2010


2009


2010


2009


2010


2009Accrued pension and other post retirement benefits

$
(15,013
)

$
(5,935
)

$
(75,212
)

$
(70,204
)

$
(45,402
)

$
(36,781
)Accumulated other comprehensive income


22,798



12,894



45,271



41,932



4,869



(2,672
)Net amount recognized

$
7,785


$
6,959


$
(29,941
)

$
(28,272
)

$
(40,533
)

$
(39,453
)     U.S. Pension


Non-U.S. Pension


PostretirementBenefits


Benefits


Medical Benefits2010


2009


2010


2009


2010


2009Net transition liability

$



$



$
126


$
167


$



$
Net actuarial (gain) loss


22,787



12,880



43,099



39,215



15,280



9,804Net prior service costs


11



14



2,046



2,550



(10,411
)


(12,476
)Defined benefit plans, net

$
22,798


$
12,894


$
45,271


$
41,932


$
4,869


$
(2,672
)    69




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  Assumptions
    U.S. Pension

Non-U.S. Pension

PostretirementBenefits

Benefits

Medical Benefits2010

2009

2010

2009

2010

2009Discount rate


5.7
%


7.0
%


3.1
%


3.8
%


5.5
%


6.9
%Rate of compensation increase


3.5
%


3.5
%


3.1
%


3.4
%






Health care cost trend


















8.5
%


9.0
%Ultimate health care cost trend


















5.0
%


5.0
%Years of ultimate rate


















2017



2017     2010

2009

2008Effect on total service and interest cost:Increase 100 basis points

$
539


$
708


$
1,219Decrease 100 basis points


(449
)


(588
)


(968
)Effect on benefit obligation:Increase 100 basis points

$
6,778


$
4,882


$
7,987Decrease 100 basis points


(5,955
)


(4,095
)


(6,452
)     U.S. Pension

Non-U.S. Pension

PostretirementBenefits

Benefits

Medical Benefits2010

2009

2010

2009

2010

2009Discount rate


7.0
%


6.9
%


3.8
%


4.0
%


6.9
%


6.9
%Expected return on plan assets


8.3
%


8.3
%


5.6
%


5.8
%






Rate of compensation increase


3.5
%


3.7
%


3.4
%


3.4
%






Health care cost trend


















8.5
%


9.0
%Ultimate health care cost trend


















5.0
%


5.0
%Years of ultimate rate


















2017



2017    70




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    Net Periodic
    Benefit Cost
    PostretirementU.S. Pension Benefits


Non-U.S. Pension Benefits


Medical Benefits2010


2009


2008


2010


2009


2008


2010


2009


2008Service cost

$
2,521


$
2,404


$
3,380


$
5,441


$
5,872


$
5,783


$
1,082


$
1,741


$
2,923Interest cost


3,799



3,612



3,683



4,182



4,319



4,222



2,486



2,883



3,106Expected return on plan assets


(4,497
)


(4,789
)


(4,652
)


(2,627
)


(3,345
)


(4,306
)










Amortization of prior service cost


3



4



4



224



257



232



(2,065
)


(1,354
)


(667
)Amortization of unrecognized transition obligation














37



40



43











Recognized actuarial losses


1,010











1,692



647



362



702



818



1,257Curtailment or settlement loss (gain)


82



158



(2,356
)


(2,006
)


3,606



(3,209
)


70



(3,702
)


132Net periodic benefit cost

$
2,918


$
1,389


$
59


$
6,943


$
11,396


$
3,127


$
2,275


$
386


$
6,751     Plan
    Assets
   71




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    Quoted Pricesin Active

SignificantTotal

Markets for

Other

SignificantMeasured

Identical

Observable

Unobservableat Fair

Assets

Inputs

InputsValue

(Level 1)

(Level 2)

(Level 3)U.S. Plans:Cash and marketable securities

$
863


$
863


$



$
EquityDomestic large-cap


11,229



11,229







Domestic small-cap


7,545



7,545







International large-cap


10,233



10,233







Emerging markets growth


3,017



3,017







Other


5,398



5,398







Fixed IncomeDomestic corporate bonds


7,571



7,571







International corporate bonds


4,704



4,704







Other


6,203



6,203







Non-U.S.
    Plans:Cash and marketable securities

$
9,338


$
9,338


$



$
EquityDomestic large-cap


5,640



5,640







International large-cap


17,540



17,540







Fixed IncomeInternational government bonds


14,461



14,461







Other


42



42







Real estate


1,000







1,000



Other (insurance contracts)


3,906



2,353







1,553     Fair Value at

Return

Net

Net Transfers

Fair Value atJuly 1,

on Plan

Purchases/

Into/(Out of)

June 30,2009

Assets

Sales

Level 3

2010Asset CategoryInsurance contracts

$
1,298


$
143


$
112


$



$
1,553   Funding
    Expectations
  non-U.S. plans
 72




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  Estimated Future
    Benefit Payments
  non-U.S. pension
  Significant
    Concentrations of Risk.
      Curtailments
      14.
    Debt    AverageInterestRate


Maturity


2010


2009Long-term debt:U.S. Credit Facility


2.85
%


2012


$
100,000


$
25,000Unsecured bonds and term loans


1.31 - 1.65
%


2012 - 2013



81,431



Mortgages, industrial development bonds and other debt


5.90 - 7.80
%


2012 - 2013



2,003



5,311Total long-term debt










183,434



30,311Current portion of long-term debt and short-term borrowings:Unsecured bonds, term loans and short-term credit line


1.31 - 1.65
%






104,359



208,007Other short-term borrowings, including capital leases


4.86
%






5,711



16,333Total current portion of long-term debt and short-term Borrowings










110,070



224,340Total debt









$
293,504


$
254,651  73




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
            15.
    Operating
    Leases    Year ending June 30:2011

$
15,1382012


8,8362013


4,3692014


3,0232015


2,8442016 and thereafter


3,497Total lease payments

$
37,707     16.
    Fair Value
    Measurements  ASC 820-10 820-10) ASC 820-10
 74




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    ASC 820-10,
  
    Level 1: Observable inputs such as quoted prices for
    identical assets or liabilities in active markets.
    Level 2: Observable inputs other than quoted prices
    substantiated by market data and observable, either directly or
    indirectly for the asset or liability. This includes quoted
    prices for similar assets or liabilities in active markets.
    Level 3: Unobservable inputs that are supported by
    little or no market activity and that are significant to the
    fair value of the assets and liabilities.  ASC 820-10
  Quoted Pricesin Active

SignificantTotal

Markets for

Other

SignificantMeasured

Identical

Observable

Unobservableat Fair

Assets

Inputs

InputsValue

(Level 1)

(Level 2)

(Level 3)Available-for-sale
    and trading securities

$
33,032


$
33,032


$



$
Derivative financial instruments, net


3,644







3,644



   available-for-sale ASC 815-10, mark-to-market
  17.
    Capital
    Stock    share-for-share share-for-share
 75




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  share-for-share,
    Class ACommon Stock


Common Stock


Treasury StockShares


Amount


Shares


Amount


Shares


AmountOutstanding at June 30, 2007


111,730


$
5,587



108,562


$
5,428



36,337


$
799,894Exercise of stock options


457



23



1,210



60



376



9,543Purchase of treasury stock


















7,979



199,584Issuance of stock awards










10



1







Other


8







59



3







Outstanding at June 30, 2008


112,195


$
5,610



109,841


$
5,492



44,692


$
1,009,021Exercise of stock options










539



27



234



3,959Purchase of treasury stock


















4,507



76,342Issuance of stock awards










7











Other


9







81



4







Outstanding at June 30, 2009


112,204


$
5,610



110,468


$
5,523



49,433


$
1,089,322Exercise of stock options










1,293



65



509



8,765Purchase of treasury stock






















Issuance of stock awards










1











Other










77



4







Outstanding at June 30, 2010


112,204


$
5,610



111,839


$
5,592



49,942


$
1,098,087   18.
    Accumulated Other
    Comprehensive Income    2010


2009(as restated)Foreign currency translation adjustments

$
255,383


$
213,944Non-current deferred tax asset


16,962



14,058Accumulated transition obligation


(126
)


(167
)Accumulated prior service credit


8,354



9,912Accumulated actuarial net loss


(81,167
)


(61,899
)Unrealized gains on investments


1,364



535Total

$
200,770


$
176,383   19.
    Stock Incentive
    Plans   76




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
   Stock
    Options
    U.S.-based
      ExerciseShares


PriceOutstanding at June 30, 2007


10,219


$
20.98Granted


1,728



17.63Exercised


(1,433
)


15.91Forfeited or expired


(1,111
)


27.81Outstanding at June 30, 2008


9,403


$
20.38Granted


2,573



17.95Exercised


(343
)


12.27Forfeited or expired


(815
)


23.32Outstanding at June 30, 2009


10,818


$
19.83Granted


1,095



15.98Exercised


(829
)


12.76Forfeited or expired


(2,186
)


22.56Outstanding at June 30, 2010


8,898


$
19.27Exercisable at June 30, 2010


3,784


$
23.02      77




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    2010

2009

2008Weighted-average fair value of options granted:At market value of underlying stock

$
4.49


$
3.91


$
6.22At less than market value of underlying stock


n/a


$
10.73


$
11.36Assumptions:Dividend yield


3.82
%


3.61
%


1.95
%Expected volatility


35.62
%


32.33
%


27.44
%Risk-free interest rate


3.70
%


2.53
%


3.55
%Expected life of option (years)


7.94



5.37



4.14     Stock
    Awards
    Fair MarketShares


ValueNonvested shares at June 30, 2007


541


$
27.08Granted


295



22.82Vested


(233
)


26.47Forfeited


(32
)


26.80Nonvested shares at June 30, 2008


571


$
25.14Granted


944



19.48Vested


(196
)


25.26Forfeited


(23
)


23.38Nonvested shares at June 30, 2009


1,296


$
21.03Granted


587



15.97Vested


(464
)


22.14Forfeited


(48
)


23.97Nonvested shares at June 30, 2010


1,371


$
18.47    78




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  Directors
    Deferred Compensation Plan
      20.
    Segment and
    Related Information    
    The Connector segment designs and manufactures products for
    high-speed, high-density, high signal-integrity applications as
    well as fine-pitch, low-profile connectors for the consumer and
    commercial markets. It also designs and manufactures products
    that withstand environments such as heat, cold, dust, dirt,
    liquid and vibration for automotive and other transportation
    applications.
    The Custom & Electrical segment designs and
    manufactures integrated and customizable electronic components
    across all industries that provide original, differentiated
    solutions to customer requirements. It also leverages expertise
    in the use of signal, power and interface technology in
    industrial automation and other harsh environment applications.    Custom &

CorporateConnector

Electrical

& Other

Total2010:Net revenue from external customers

$
2,177,014


$
828,905


$
1,288


$
3,007,207Income (loss) from operations(1)


123,980



111,083



(97,261
)


137,802Depreciation & amortization


189,937



33,421



15,308



238,666Capital expenditures


203,095



15,678



10,704



229,4772009:Net revenue from external customers

$
1,789,139


$
790,601


$
2,101


$
2,581,841Income (loss) from operations(1)(2)


(125,604
)


(152,443
)


(70,834
)


(348,881
)Depreciation & amortization


201,303



33,283



17,316



251,902Capital expenditures


144,176



18,613



15,154



177,9432008:Net revenue from external customers

$
2,377,584


$
941,365


$
9,398


$
3,328,347Income (loss) from operations(2)


317,596



94,076



(98,439
)


313,233Depreciation & amortization


201,677



35,495



15,172



252,344Capital expenditures


180,889



22,705



31,032



234,626  79




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    (1)
    
    Operating results include the following charges (in thousands):  Custom &

CorporateConnector

Electrical

& Other

TotalFiscal 2010:Restructuring costs and asset impairments

$
100,273


$
12,234


$
4,398


$
116,905Fiscal 2009:Restructuring costs and asset impairments

$
93,876


$
23,012


$
18,343


$
135,231Goodwill impairments


93,140



171,000







264,140Intangible asset impairments






16,300







16,300    (2)
    
    Income (loss) from operations was restated to reflect the impact
    of unauthorized activities in Japan (see Note 4). The
    effect of this restatement is included in corporate and other.      2010

2009

2008Customer net revenue:United States

$
568,839


$
535,079


$
888,941Japan


541,126



444,043



517,087China


833,759



613,743



735,657Net property, plant and equipment:United States

$
271,018


$
274,840


$
296,843Japan


264,477



272,753



299,447China


274,642



233,487



231,764     Custom &

CorporateConnector

Electrical

& Other

Total2010

$
1,720,866


$
437,614


$
100,965


$
2,259,4452009


1,388,110


$
390,906


$
184,645


$
1,963,661     2010


2009(as restated)Segment assets

$
2,259,445


$
1,963,661Other current assets


571,520



563,131Other non current assets


405,613



422,556Consolidated total assets

$
3,236,578


$
3,011,586  80




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
  21.
    Quarterly
    Financial Information (Unaudited)    First

Second

Third

FourthQuarter

Quarter

Quarter

Quarter(as restated)

(as restated)

(as restated)Net revenue

$
674,033


$
729,576


$
756,294


$
847,304Gross profit


191,419



212,536



235,730



252,938Net (loss) income


(15,136
)


13,840



38,447



39,779Basic (loss) earnings per share


(0.09
)


0.08



0.22



0.23Diluted (loss) earnings per share


(0.09
)


0.08



0.22



0.23     First

Second

Third

FourthQuarter

Quarter

Quarter

Quarter(as restated)Net revenue

$
838,985


$
666,728


$
505,539


$
570,589Gross profit


249,472



176,072



93,396



137,237Net income (loss)


44,297



(87,244
)


(58,600
)


(220,489
)Basic earnings (loss) per share


0.25



(0.50
)


(0.34
)


(1.25
)Diluted earnings (loss) per share


0.25



(0.50
)


(0.34
)


(1.25
)     RestructuringCosts andAsset

GoodwillImpairment

ImpairmentsFiscal 2010:First quarter

$
38,547


$
Second quarter


22,154



Third quarter


7,440



Fourth quarter


24,694



Fiscal 2009:First quarter

$
15,666


$
Second quarter


29,899



93,140Third quarter


34,009



Fourth quarter


32,224



171,000  81




---



##### 



Molex
    Incorporated
  Notes to
    Consolidated Financial
    Statements  (Continued)
    AdjustmentsAs Reported

Japan

Tax

As RestatedThird quarter ended March 31, 2010Net income

$
23,826


$
14,621


$




38,447Earnings per share:Basic


0.14



0.08







0.22Diluted


0.14



0.08







0.22Second quarter ended December 31, 2009Net income (loss)

$
19,286


$
(5,446
)

$



$
13,840Earnings (loss) per share:Basic


0.11



(0.03
)






0.08Diluted


0.11



(0.03
)






0.08First quarter ended September 30, 2009Net income (loss)

$
(11,595
)

$
(3,541
)

$



$
(15,136
)Earnings (loss) per share:Basic


(0.07
)


(0.02
)






(0.09
)Diluted


(0.07
)


(0.02
)






(0.09
)Fourth quarter ended June 30, 2009Net income (loss)

$
(219,740
)

$
(1,712
)

$
963


$
(220,489
)Earnings (loss) per share:Basic


(1.27
)


0.01



(0.01
)


(1.27
)Diluted


(1.27
)


0.01



(0.01
)


(1.27
)  82




---



##### 



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  The Board of
    Directors and Stockholders of Molex Incorporated
            
    83




---



##### 



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  The Board of
    Directors and Stockholders of Molex Incorporated
              
    84




---



##### 



Item 9.
    Changes
    in and Disagreements with Accountants on Accounting and
    Financial Disclosure    Item 9A.
    Controls
    and Procedures  Form 10-K Rule 13a-14 Form 10-K
  Evaluation of
    Disclosure Controls and Procedures
  Rule 13a-15(b) Rule 13a-15(e)
      Managements
    Report on Internal Control Over Financial Reporting
  Rule 13a-15(f).
  Internal
    Control  Integrated Framework
  Form 10-K
 85




---



##### 



Changes in
    Internal Control over Financial Reporting
        Inherent
    Limitations on Effectiveness of Controls
    Item 9B.
    Other
    Information    Item 10.
    Directors,
    Executive Officers and Corporate Governance  Code of Business
    Conduct and Ethics
   86




---



##### 



Regulation S-K Form 10-K
  Item 11.
    Executive
    Compensation    Item 12.
    Security
    Ownership of Certain Beneficial Owners and Management and
    Related Stockholder Matters      (c)Number of securitiesremaining available(a)

(b)

for future issuanceNumber of shares

Weighted-average

under equityto be issued upon

exercise price

compensation plansexercise of outstanding

of outstanding

(excluding sharesoptions

options

reflected in column (a))Common

Class A

Common

Class A

Common

Class APlan Category

Stock

Stock

Stock

Stock

Stock

StockEquity compensation plans approved by stockholders


93,750



10,175,256


$
28.32


$
16.59







10,652,369Equity compensation plans not approved by stockholders






















   Item 13.
    Certain
    Relationships and Related Transactions, and Director
    Independence    Item 14.
    Principal
    Accountant Fees and Services   87




---



##### 



PART IV  Item 15.
    Exhibits
    and Financial Statement Schedules          Form 10-K.
 88




---



##### 



Molex
    IncorporatedSchedule II  Valuation and
    Qualifying Accounts
    For the Years Ended June 30, 2010, 2009, and 2008 (in
    thousands)
  Balance at








Other/


Balance atBeginning


Charges





Currency


Endof Period


to Income


Write-Offs


Translation


of PeriodReceivable Reserves:Year ended 2010

$
32,593


$
85,979


$
(76,009
)

$
1,087


$
43,650Year ended 2009

$
40,243


$
83,696


$
(89,794
)

$
(1,552
)

$
32,593Year ended 2008

$
31,064


$
69,020


$
(62,520
)

$
2,679


$
40,243Inventory Reserves:Year ended 2010:Slow and Excess

$
38,181


$
8,697


$
(12,168
)

$
309


$
35,019Other


2,871



1,462







(188
)


4,145Total

$
41,052


$
10,159


$
(12,168
)

$
121


$
39,164Year ended 2009:Slow and Excess

$
39,395


$
21,607


$
(21,492
)

$
(1,329
)

$
38,181Other


3,407



(92
)






(444
)


2,871Total

$
42,802


$
21,515


$
(21,492
)

$
(1,773
)

$
41,052Year ended 2008:Slow and Excess

$
39,956


$
15,453


$
(16,946
)

$
932


$
39,395Other


2,771



488







148



3,407Total

$
42,727


$
15,941


$
(16,946
)

$
1,080


$
42,802Deferred tax asset valuation allowance:Year ended 2010

$
77,399


$
14,443


$
(4,601
)

$
(6,306
)

$
80,935Year ended 2009

$
38,289


$
39,110


$



$



$
77,399Year ended 2008

$
39,366


$



$
(1,077
)

$



$
38,289  89




---



##### 



Molex
    Incorporated



Index of
    Exhibits  ExhibitNumber

Description

Location3
.1

Certificate of Incorporation (as amended and restated)

Incorporated by reference to Exhibit 3.1 to our annual report on
    Form 10-K for the year ended June 30, 2000. (File No.
    000-07491)3
.2

By-laws (as amended and restated)

Incorporated by reference to Exhibit 3.1(ii) to our Form 8-K
    filed on November 19, 2007.
    (File No. 000-07491)4


Instruments defining rights of security holders

See Exhibit 3.110
.1

Foreign Service Employees Policies and Procedures

Incorporated by reference to Exhibit 10.15 to our quarterly
    report on Form 10-Q for the period ended March 31, 2005. (File
    No. 000-07491)10
.2

Employment Offer Letter to David D. Johnson

Incorporated by reference to Exhibit 10.18 to our quarterly
    report on Form 10-Q for the period ended March 31, 2005. (File
    No. 000-07491)10
.3

Deferred Compensation Agreement between Molex and Frederick A.
    Krehbiel

Incorporated by reference to Exhibit 10.12 to our quarterly
    report on Form 10-Q for the period ended March 31, 2005. (File
    No. 000-07491)10
.4

Deferred Compensation Agreement between Molex and John H.
    Krehbiel, Jr.

Incorporated by reference to Exhibit 10.13 to our quarterly
    report on Form 10-Q for the period ended March 31, 2005. (File
    No. 000-07491)10
.5

2005 Molex Supplemental Executive Retirement Plan

Incorporated by reference to Exhibit 10.5 to our annual report
    on Form 10-K for the year ended June 30, 2008. (File No.
    000-07491)10
.6

Molex Executive Deferred Compensation Plan

Incorporated by reference to Exhibit 10.6 to our annual report
    on Form 10-K for the year ended June 30, 2008. (File No.
    000-07491)10
.7

Summary of Non-Employee Director Compensation

Incorporated by reference to Exhibit 10.7 to our annual report
    on Form 10-K for the year ended June 30, 2008. (File No.
    000-07491)10
.8

Molex Outside Directors Deferred Compensation Plan

Incorporated by reference to Exhibit 99.1 to our Form 8-K
    filed on August 1, 2006.
    (File No. 000-07491)10
.9

2000 Molex Long-Term Stock Plan, as amended and restated

Incorporated by reference to Appendix V to our 2007 Proxy
    Statement. (File No. 000-07491)10
.10

Form of Stock Option Agreement under the 2000 Molex Long-Term
    Stock Plan

Incorporated by reference to Exhibit 10.10 to our annual report
    on Form 10-K for the year ended June 30, 2008. (File No.
    000-07491)10
.11

Form of Restricted Stock Agreement under the 2000 Molex
    Long-Term Stock Plan

Incorporated by reference to Exhibit 10.11 to our annual report
    on Form 10-K for the year ended June 30, 2008. (File No.
    000-07491)10
.12

2005 Molex Incentive Stock Option Plan, as amended and restated

Incorporated by reference to Appendix VI to our 2007 Proxy
    Statement. (File No. 000-07491)10
.13

Form of Stock Option Agreement under the 2005 Molex Incentive
    Stock Option Plan

Incorporated by reference to Exhibit 10.12 to our Form 10-K for
    the period ended June 30, 2007.
    (File No. 000-07491)10
.14

Molex Incorporated Annual Incentive Plan

Incorporated by reference to Appendix III to our 2008 Proxy
    Statement. (File No. 000-07491)10
.15

2008 Molex Stock Incentive Plan

Incorporated by reference to Appendix IV to our 2008 Proxy
    Statement. (File No. 000-07491)10
.16

Separation Agreement between David B. Root and Molex
    Incorporated dated April 6, 2009.

Incorporated by reference to Exhibit 10.1 to our Form 8-K
    filed on April 9, 2009. (File No. 000-07491) 90




---



##### 



ExhibitNumber

Description

Location10
.17

Credit Agreement dated June 24, 2009 among Molex
    Incorporated, the Lenders named therein, J.P. Morgan Chase
    Bank, N.A. as Administrative Agent, Standard Charter Bank as
    Syndication Agent, The Northern Trust Company as
    Documentation Agent

Incorporated by reference to Exhibit 10.1 to our Form 8-K
    filed on June 30, 2009.
    (File No. 000-07491)10
.18

Amendment No. 1 to Credit Agreement dated June 24,
    2009 among Molex Incorporated, the Lenders named therein,
    J.P. Morgan Chase Bank, N.A. as Administrative Agent,
    Standard Charter Bank as Syndication Agent, The Northern
    Trust Company as Documentation Agent

Incorporated by reference to Exhibit 10 to our quarterly report
    on Form 10-Q for the period ended December 31, 2009. (File No.
    000-07491)10
.19

Waiver to Credit Agreement dated June 24, 2009 among Molex
    Incorporated, the Lenders named therein, J.P. Morgan Chase
    Bank, N.A. as Administrative Agent, Standard Charter Bank as
    Syndication Agent, The Northern Trust Company as
    Documentation Agent.

Filed herewith21


Subsidiaries of the Company

Filed herewith23


Consent of Ernst & Young, LLP

Filed herewith31
.1

Certification by the Chief Executive Officer Pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002

Filed herewith31
.2

Certification by the Chief Financial Officer Pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002

Filed herewith32
.1

Certification by the Chief Executive Officer Pursuant to
    18 U.S.C. Section 1350, as adopted pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002

Furnished herewith32
.2

Certification by the Chief Financial Officer Pursuant to
    18 U.S.C. Section 1350, as adopted pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002

Furnished herewith    91




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##### 



Signatures    
  By:
    /s/  DAVID
    D. JOHNSON          August 3, 2010

Co-Chairman of the Board

/s/  FREDERICK
    A. KREHBIELFrederick
    A. KrehbielAugust 3, 2010

Co-Chairman of the Board

/s/  JOHN
    H. KREHBIEL, JR.John
    H. Krehbiel, Jr.August 3, 2010

Vice Chairman of the Board and Chief Executive Officer
    (Principal Executive Officer)

/s/  MARTIN
    P. SLARKMartin
    P. SlarkAugust 3, 2010

Executive Vice President, Treasurer and Chief Financial
    Officer
    (Principal Financial Officer)

/s/  DAVID
    D. JOHNSONDavid
    D. JohnsonAugust 3, 2010

Vice President, Corporate Controller and Chief Accounting
    Officer
    (Principal Accounting Officer)

/s/  K.
    TRAVIS GEORGEK.
    Travis GeorgeAugust 3, 2010

Director

/s/  FRED
    L. KREHBIELFred
    L. KrehbielAugust 3, 2010

Director

/s/  MICHAEL
    J. BIRCKMichael
    J. BirckAugust 3, 2010

Director

/s/  MICHELLE
    L. COLLINSMichelle
    L. CollinsAugust 3, 2010

Director

/s/  EDGAR
    D. JANNOTTAEdgar
    D. Jannotta 92




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##### 



August 3, 2010

Director

/s/  DAVID
    L. LANDSITTELDavid
    L. LandsittelAugust 3, 2010

Director

/s/  JOE
    W. LAYMONJoe
    W. LaymonAugust 3, 2010

Director

/s/  DONALD
    G. LUBINDonald
    G. LubinAugust 3, 2010

Director

/s/  JAMES
    S. METCALFJames
    S. MetcalfAugust 3, 2010

Director

/s/  ROBERT
    J. POTTERRobert
    J. PotterAugust 3, 2010

Director

/s/  ANIRUDH
    DHEBARAnirudh
    Dhebar  93