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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenue $ 6,739.8 $ 5,255.0 $ 5,517.9
Cost of revenue (exclusive of amortization shown below) 4,025.5 3,539.2 3,544.3
Gross profit 2,714.3 1,715.8 1,973.6
Operating expenses:      
Research and development 655.0 642.9 640.9
Selling and marketing 293.6 278.7 301.0
General and administrative 304.8 258.7 284.0
Litigation settlement 0.0 0.0 169.5
Amortization of acquisition-related intangible assets 99.0 120.3 115.2
Restructuring, asset impairments and other charges, net 71.4 65.2 28.7
Intangible asset impairment 2.9 1.3 1.6
Total operating expenses 1,426.7 1,367.1 1,540.9
Operating income 1,287.6 348.7 432.7
Other income (expense), net:      
Interest expense (130.4) (168.4) (148.3)
Interest income 1.4 4.9 10.2
Loss on debt refinancing and prepayment (29.0) 0.0 (6.2)
Gain on divestiture of business 10.2 0.0 0.0
Other income (expense) 18.0 (8.6) (11.8)
Other income (expense), net (129.8) (172.1) (156.1)
Income before income taxes 1,157.8 176.6 276.6
Income tax (provision) benefit (146.6) 59.8 (62.7)
Net income 1,011.2 236.4 213.9
Less: Net income attributable to non-controlling interest (1.6) (2.2) (2.2)
Net income attributable to ON Semiconductor Corporation 1,009.6 234.2 211.7
Comprehensive income (loss), net of tax:      
Net income 1,011.2 236.4 213.9
Foreign currency translation adjustments (3.8) 1.8 0.1
Effects of cash flow hedges 20.8 (5.1) (16.5)
Other comprehensive income (loss), net of tax 17.0 (3.3) (16.4)
Comprehensive income 1,028.2 233.1 197.5
Comprehensive income attributable to non-controlling interest (1.6) (2.2) (2.2)
Comprehensive income attributable to ON Semiconductor Corporation $ 1,026.6 $ 230.9 $ 195.3
Net income per share of common stock attributable to ON Semiconductor Corporation:      
Basic (in dollars per share) $ 2.37 $ 0.57 $ 0.52
Diluted (in dollars per share) $ 2.27 $ 0.56 $ 0.51
Weighted-average shares of common stock outstanding:      
Basic (in shares) 425.7 410.7 410.9
Diluted (in shares) 443.8 418.8 416.0