Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions |
3 Months Ended |
Mar. 30, 2018 |
Mar. 31, 2017 |
| Income Statement [Abstract] |
|
|
| Revenues |
$ 1,377.6
|
$ 1,436.7
|
| Cost of revenues (exclusive of amortization shown below) |
860.2
|
933.6
|
| Gross profit |
517.4
|
503.1
|
| Operating expenses: |
|
|
| Research and development |
155.2
|
140.1
|
| Selling and marketing |
77.8
|
77.5
|
| General and administrative |
70.9
|
68.4
|
| Amortization of acquisition-related intangible assets |
27.4
|
29.1
|
| Restructuring, asset impairments and other, net |
0.4
|
0.5
|
| Intangible asset impairment |
0.0
|
4.4
|
| Total operating expenses |
331.7
|
320.0
|
| Operating income |
185.7
|
183.1
|
| Other (expense) income, net: |
|
|
| Interest expense |
(31.5)
|
(38.4)
|
| Interest income |
0.9
|
0.6
|
| Loss on debt refinancing and prepayment |
0.0
|
(26.2)
|
| Licensing income |
3.8
|
0.0
|
| Other expense |
(2.0)
|
(4.1)
|
| Other (expense) income, net |
(28.8)
|
(68.1)
|
| Income before income taxes |
156.9
|
115.0
|
| Income tax provision |
(16.4)
|
(36.3)
|
| Net income |
140.5
|
78.7
|
| Less: Net income attributable to non-controlling interest |
(0.9)
|
(0.5)
|
| Net income attributable to ON Semiconductor Corporation |
139.6
|
78.2
|
| Comprehensive income, net of tax: |
|
|
| Net income |
140.5
|
78.7
|
| Foreign currency translation adjustments |
2.4
|
6.3
|
| Effects of cash flow hedges |
3.8
|
0.8
|
| Other comprehensive income, net of tax of $1.0 and $0.6, respectively |
6.2
|
7.1
|
| Comprehensive income |
146.7
|
85.8
|
| Comprehensive income attributable to non-controlling interest |
(0.9)
|
(0.5)
|
| Comprehensive income attributable to ON Semiconductor Corporation |
$ 145.8
|
$ 85.3
|
| Net income per common share attributable to ON Semiconductor Corporation: |
|
|
| Basic (in dollars per share) |
$ 0.33
|
$ 0.19
|
| Diluted (in dollars per share) |
$ 0.31
|
$ 0.18
|
| Weighted-average common shares outstanding: |
|
|
| Basic (in shares) |
425.9
|
419.8
|
| Diluted (in shares) |
444.2
|
425.8
|