Note 2: Revenue and Segment Information

The Company is organized into three operating and reporting segments consisting of the Power Solutions Group, the Analog Solutions Group and the Intelligent Sensing Group. Each of the Company’s major product lines has been examined and assigned to a reporting 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.

Revenue and gross profit for the Company’s operating and reporting segments were as follows (in millions):



	Power Solutions Group		Analog Solutions Group		Intelligent Sensing Group		Total
For the quarter ended September 28, 2018:
Revenue from external customers	$	810.2	$	531.7	$	199.8	$	1,541.7
Gross profit	$	297.9	$	224.3	$	80.7	$	602.9
For the quarter ended September 29, 2017:
Revenue from external customers	$	706.4	$	491.6	$	192.9	$	1,390.9
Gross profit	$	244.1	$	208.3	$	80.8	$	533.2
For the nine months ended September 28, 2018:
Revenue from external customers	$	2,251.0	$	1,541.1	$	583.1	$	4,375.2
Gross profit	$	804.2	$	650.4	$	245.0	$	1,699.6
For the nine months ended September 29, 2017:
Revenue from external customers	$	2,121.6	$	1,463.7	$	580.3	$	4,165.6
Gross profit	$	716.6	$	613.4	$	223.1	$	1,553.1

Gross profit is exclusive of the amortization of acquisition-related intangible assets. Reconciliations of segment gross profit to consolidated gross profit are as follows (in millions):



	Quarters Ended						Nine Months Ended
	September 28, 2018			September 29, 2017			September 28, 2018			September 29, 2017
Gross profit for reporting segments	$	602.9		$	533.2		$	1,699.6		$	1,553.1
Less: unallocated manufacturing costs	(6.3		)	(9.2		)	(30.6		)	(34.0		)
Consolidated gross profit	$	596.6		$	524.0		$	1,669.0		$	1,519.1

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. Revenue for the Company's operating and reporting segments disaggregated into geographic locations and sales channels was as follows (in millions):



	Quarter Ended September 28, 2018
	Power Solutions Group		Analog Solutions Group		Intelligent Sensing Group		Total
Geographic Location
United States	$	102.3	$	87.8	$	31.5	$	221.6
United Kingdom	124.9		81.9		34.8		241.6
Hong Kong	201.9		124.1		35.0		361.0
Singapore	332.8		191.7		48.6		573.1
Other	48.3		46.2		49.9		144.4
Total	$	810.2	$	531.7	$	199.8	$	1,541.7

Sales Channel
OEM	$	198.6	$	213.1	$	65.1	$	476.8
Distributors	565.1		280.4		122.2		967.7
Electronic Manufacturing Service Providers	46.5		38.2		12.5		97.2
Total	$	810.2	$	531.7	$	199.8	$	1,541.7



	Nine Months Ended September 28, 2018
	Power Solutions Group		Analog Solutions Group		Intelligent Sensing Group		Total
Geographic Location
United States	$	295.0	$	251.9	$	91.4	$	638.3
United Kingdom	368.0		243.4		106.2		717.6
Hong Kong	636.5		379.7		110.6		1,126.8
Singapore	805.3		510.7		123.8		1,439.8
Other	146.2		155.4		151.1		452.7
Total	$	2,251.0	$	1,541.1	$	583.1	$	4,375.2

Sales Channel
OEM	$	616.5	$	640.7	$	198.6	$	1,455.8
Distributors	1,499.7		792.0		352.4		2,644.1
Electronic Manufacturing Service Providers	134.8		108.4		32.1		275.3
Total	$	2,251.0	$	1,541.1	$	583.1	$	4,375.2

The Company’s consolidated assets are not specifically ascribed to its individual reporting segments. Rather, assets used in operations are generally shared across the Company’s operating and reporting segments.

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



	As of
	September 28, 2018		December 31, 2017
United States	$	587.6	$	547.9
Korea	367.2		380.5
Malaysia	227.5		230.0
Philippines	481.9		439.5
China	248.9		246.0
Other	488.0		435.2
Total	$	2,401.1	$	2,279.1

For the quarter ended September 28, 2018, the Company had one customer, a distributor, who accounted for 12% of the Company's total consolidated revenue. For the quarter ended September 29, 2017, no single customer, including any distributor, accounted for 10% or more of the Company's total consolidated revenue.