XML 62 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Revenue $ 5,517.9 $ 5,878.3 $ 5,543.1
Cost of revenue (exclusive of amortization shown below) 3,544.3 3,639.6 3,507.5
Gross profit 1,973.6 2,238.7 2,035.6
Operating expenses:      
Research and development 640.9 650.7 594.7
Selling and marketing 301.0 324.7 316.6
General and administrative 284.0 293.3 285.0
Litigation settlement 169.5 0.0 0.0
Amortization of acquisition-related intangible assets 115.2 111.7 123.8
Restructuring, asset impairments and other charges, net 28.7 4.3 20.8
Goodwill and intangible asset impairment 1.6 6.8 13.1
Total operating expenses 1,540.9 1,391.5 1,354.0
Operating income 432.7 847.2 681.6
Other income (expense), net:      
Interest expense (148.3) (128.2) (141.2)
Interest income 10.2 6.1 3.0
Loss on debt refinancing and prepayment (6.2) (4.6)  
Gain on divestiture of business 0.0 5.0 12.5
Licensing income 0.0 36.6 47.6
Other expense (11.8) (7.1) (8.8)
Other income (expense), net (156.1) (92.2) (134.1)
Income before income taxes 276.6 755.0 547.5
Income tax (provision) benefit (62.7) (125.1) 265.5
Net income 213.9 629.9 813.0
Less: Net income attributable to non-controlling interest (2.2) (2.5) (2.3)
Net income attributable to ON Semiconductor Corporation 211.7 627.4 810.7
Comprehensive income (loss), net of tax:      
Net income 213.9 629.9 813.0
Foreign currency translation adjustments 0.1 0.7 7.0
Effects of cash flow hedges (16.5)    
Effects of cash flow hedges   2.0 2.6
Other comprehensive income (loss), net of tax (16.4) 2.7 9.6
Comprehensive income 197.5 632.6 822.6
Comprehensive income attributable to non-controlling interest (2.2) (2.5) (2.3)
Comprehensive income attributable to ON Semiconductor Corporation $ 195.3 $ 630.1 $ 820.3
Net income per common share attributable to ON Semiconductor Corporation:      
Basic (in dollars per share) $ 0.52 $ 1.48 $ 1.92
Diluted (in dollars per share) $ 0.51 $ 1.44 $ 1.89
Weighted-average common shares outstanding:      
Basic (in shares) 410.9 423.8 421.9
Diluted (in shares) 416.0 435.9 428.3