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Geographic and Segment Information
 12 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Geographic and Segment Information Geographic and Segment Information
 
The Company's reportable segments are semiconductor products and technology licensing.  The Company does not allocate operating expenses, interest income, interest expense, other income or expense, or provision for or benefit from income taxes to these segments for internal reporting purposes, as the Company does not believe that allocating these expenses is beneficial in evaluating segment performance.  Additionally, the Company does not allocate assets to segments for internal reporting purposes as it does not manage its segments by such metrics.
The following table represents net sales and gross profit for each segment (in millions):
Fiscal Year Ended March 31,
202320222021
Net SalesGross ProfitNet SalesGross ProfitNet SalesGross Profit
Semiconductor products$8,277.7 $5,536.9 $6,698.9 $4,327.6 $5,335.5 $3,275.9 
Technology licensing161.0 161.0 122.0 122.0 102.9 102.9 
Total$8,438.7 $5,697.9 $6,820.9 $4,449.6 $5,438.4 $3,378.8 

The Company sells its products to distributors and OEMs in a broad range of market segments, performs on-going credit evaluations of its customers and, as deemed necessary, may require collateral, primarily letters of credit.  The Company's operations outside the U.S. consist of product assembly and final test facilities in Thailand, and sales and support centers and design centers in certain foreign countries.  Domestic operations are responsible for the design, development and wafer fabrication of products, as well as the coordination of production planning and shipping to meet worldwide customer commitments.  The Company's Thailand assembly and test facility is reimbursed in relation to value added with respect to assembly and test operations and other functions performed, and certain foreign sales offices receive compensation for sales within their territory.  Accordingly, for financial statement purposes, it is not meaningful to segregate sales or operating profits for the assembly and test and foreign sales office operations.  Identifiable long-lived assets (consisting of property, plant and equipment net of accumulated depreciation and ROU assets) by geographic area are as follows (in millions):
March 31,
20232022
United States$793.4 $595.5 
Thailand179.4 207.9 
Various other countries359.1 317.8 
Total long-lived assets$1,331.9 $1,121.2 

Sales to unaffiliated customers located outside the U.S., primarily in Asia and Europe, aggregated approximately 78% of consolidated net sales for each of fiscal 2023 and fiscal 2022 and approximately 77% of consolidated net sales for fiscal 2021. Sales to customers in Europe represented approximately 21%, 20% and 19% of consolidated net sales for fiscal 2023, fiscal 2022 and fiscal 2021, respectively.  Sales to customers in Asia represented approximately 53% of consolidated net sales for fiscal 2023 and approximately 55% of consolidated net sales for each of fiscal 2022 and fiscal 2021.  Within Asia, sales into China represented approximately 21% of consolidated net sales for fiscal 2023 and approximately 22% of consolidated net sales for each of fiscal 2022 and fiscal 2021. Sales into Taiwan represented approximately 14%, 15% and 16% of consolidated net sales for fiscal 2023, 2022 and 2021, respectively. Sales into any other individual foreign country did not exceed 10% of the Company's net sales for any of the three years presented.
 
With the exception of Arrow Electronics, the Company's largest distributor, which accounted for 11% of net sales in fiscal 2023, no other distributor or direct customer accounted for more than 10% of net sales in each of fiscal 2023, fiscal 2022 and fiscal 2021.