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Earnings Per Share and Equity (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of Net Income Per Share

Calculations of net income per common share attributable to ON Semiconductor Corporation are as follows (in millions, except per share data):

		For the years ended December 31,
		2016				2015				2014
Net income attributable to ON Semiconductor Corporation		$	182.1			$	206.2			$	189.7
Basic weighted average common shares outstanding		415.2				421.2				439.5
Add: Incremental shares for:
Dilutive effect of share-based awards		3.8				4.6				4.0
Dilutive effect of convertible notes		1.0				2.0				—
Diluted weighted average common shares outstanding		420.0				427.8				443.5
Net income per common share attributable to ON Semiconductor Corporation:
Basic		$	0.44			$	0.49			$	0.43
Diluted		$	0.43			$	0.48			$	0.43

Schedule of Share Repurchase Program

Information relating to the Company's share repurchase programs is as follows (in millions, except per share data):

		For the years ended December 31,
		2016				2015(5)				2014
Number of repurchased shares (1)		—				30.4				13.9
Beginning accrued share repurchases (2)		$	—			$	—			$	0.6
Aggregate purchase price		—				347.8				121.0
Fees, commissions and other expenses		—				0.4				0.2
Less: ending accrued share repurchases (3)		—				—				—
Total cash used for share repurchases		$	—			$	348.2			$	121.8
Weighted-average purchase price per share (4)		$	—			$	11.46			$	8.71
Available for future purchases at period end		$	628.2			$	628.2			$	976.0

_______________________

(1)    None of these shares had been reissued or retired as of December 31, 2016, but may be reissued or retired by

the Company at a later date.

(2)    Represents unpaid amounts recorded in accrued expenses on the Company's Consolidated Balance Sheet as         of the beginning of the period.

(3)    Represents unpaid amounts recorded in accrued expenses on the Company's Consolidated Balance Sheet as         of the end of the period.

(4)    Exclusive of fees, commissions and other expenses.

(5)    Includes 5.4 million shares, totaling $70.0 million, repurchased concurrently with the issuance of the 1.00%

Notes. See Note 8: ''Long-Term Debt'' for information with respect to the Company's long-term debt.

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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-Publisher FASB
-Name Accounting Standards Codification
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