Segment Information

9 Months Ended

Sep. 27, 2013

Segment Reporting, Measurement Disclosures [Abstract]

Segment Information

Segment Information

As of September 27, 2013, the Company was organized into three operating segments, which also represented its three reporting segments: Application Products Group, Standard Products Group and SANYO Semiconductor Products Group. Each of the Company's major product lines has been examined and each product line has been assigned to a segment based on the Company's operating strategy. Because many products are sold into different end-markets, the total revenue reported for a segment is not indicative of actual sales in the end-market associated with that segment, but rather is the sum of the revenue from the product lines assigned to that segment. These segments represent the Company's view of the business and as such are used to evaluate progress of major initiatives and allocation of resources.

Revenues, gross profit and operating income for the Company’s reportable segments for the quarters and nine months ended September 27, 2013 and September 28, 2012, respectively, are as follows (in millions):

	Application Products Group		Standard Products Group		SANYO Semiconductor Products Group			Total
For the quarter ended September 27, 2013:
Revenues from external customers	$	269.0	$	289.6	$	156.8		$	715.4
Segment gross profit	$	119.0	$	95.6	$	34.3		$	248.9
Segment operating income (loss)	$	30.4	$	54.9	$	(3.0	)	$	82.3
For the quarter ended September 28, 2012:
Revenues from external customers	$	252.7	$	279.8	$	193.0		$	725.5
Segment gross profit	$	113.5	$	100.1	$	37.0		$	250.6
Segment operating income (loss)	$	28.8	$	60.9	$	(21.4	)	$	68.3

	Application Products Group		Standard Products Group		SANYO Semiconductor Products Group			Total
For the nine months ended September 27, 2013:
Revenues from external customers	$	765.5	$	831.2	$	468.0		$	2,064.7
Segment gross profit	$	336.3	$	296.1	$	63.4		$	695.8
Segment operating income (loss)	$	80.1	$	177.8	$	(71.7	)	$	186.2
For the nine months ended September 28, 2012:
Revenues from external customers	$	772.8	$	837.6	$	604.3		$	2,214.7
Segment gross profit	$	352.6	$	312.5	$	110.8		$	775.9
Segment operating income (loss)	$	90.8	$	190.1	$	(73.2	)	$	207.7

Depreciation and amortization expense is included in segment operating income. Reconciliations of segment gross profit and segment operating income to the financial statements are as follows (in millions):

	Quarter Ended
	September 27, 2013			September 28, 2012
Gross profit for reportable segments	$	248.9		$	250.6
Unallocated amounts:
Other unallocated manufacturing costs	0.3			(12.6		)
Gross profit	$	249.2		$	238.0
Operating income for reportable segments	$	82.3		68.3
Unallocated amounts:
Restructuring and other charges	(11.0		)	(11.2		)
Other unallocated manufacturing costs	0.3			(12.6		)
Other unallocated operating expenses	(4.3		)	0.1
Operating income	$	67.3		$	44.6

	Nine Months Ended
	September 27, 2013			September 28, 2012
Gross profit for reportable segments	$	695.8		$	775.9
Unallocated amounts:
Other unallocated manufacturing costs	(10.3		)	(34.4		)
Gross profit	$	685.5		$	741.5
Operating income for reportable segments	186.2			207.7
Unallocated amounts:
Restructuring and other charges	(11.1		)	(57.3		)
Other unallocated manufacturing costs	(10.3		)	(34.4		)
Other unallocated operating expenses	(8.9		)	(0.9		)
Operating income	$	155.9		$	115.1

The Company's consolidated assets are not specifically assigned to its individual reporting segments. Rather, assets used in operations are generally shared across the Company's reporting segments. See Note 5: "Balance Sheet Information" for additional information on certain of the Company's assets.

The Company operates in various geographic locations. Sales to unaffiliated customers have little correlation with the location of manufacturers. It is, therefore, not meaningful to present operating profit by geographical location.

Revenues by geographic location, including local sales made by operations within each area, based on sales billed from the respective country are summarized as follows (in millions):

	Quarter Ended
	September 27, 2013		September 28, 2012
United States	$	109.0	$	106.7
Japan	70.3		93.9
China	230.1		228.5
Singapore	178.3		157.3
United Kingdom	101.9		94.0
Other	25.8		45.1
	$	715.4	$	725.5

	Nine Months Ended
	September 27, 2013		September 28, 2012
United States	$	306.4	$	338.3
Japan	217.6		314.2
China	628.0		664.4
Singapore	525.6		464.3
United Kingdom	302.2		299.8
Other	84.9		133.7
	$	2,064.7	$	2,214.7

For the quarters and nine months ended September 27, 2013 and September 28, 2012, there were no individual customers which accounted for more than 10% of the Company's total revenues.

Property, plant and equipment, net by geographic location, is summarized as follows (in millions):

	September 27, 2013		December 31, 2012
United States	$	258.4	$	274.7
Japan	65.0		78.9
Czech Republic	114.5		118.0
Malaysia	211.2		185.0
Philippines	176.2		188.8
Other	267.6		257.9
	$	1,092.9	$	1,103.3