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Acquisitions | 6 Months Ended
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Jul. 03, 2020
Business Combinations [Abstract] |
Acquisitions | Note 4: Acquisitions Acquisition of Quantenna On June 19, 2019, the Company acquired 100% of the outstanding shares of Quantenna Communications, Inc. ("Quantenna"), a global leader and innovator of high performance Wi-Fi solutions, whereby Quantenna became a wholly-owned subsidiary of the Company. The purchase price consideration for the acquisition totaled $1,039.3 million. Pro-Forma Results of Operations The following unaudited pro-forma consolidated results of operation for the quarters and six months ended July 3, 2020 and June 28, 2019 have been prepared as if the acquisition of Quantenna had occurred on January 1, 2018 and includes adjustments for amortization of intangibles, interest expense from financing, restructuring, and the effect of purchase accounting adjustments including the step-up of inventory (in millions):
| Quarters Ended |  |  | Six Months Ended |
| July 3, 2020 | June 28, 2019 |  | July 3, 2020 | June 28, 2019
Revenue | $ | 1,213.5 |  | $ | 1,385.3 |  |  | $ | 2,491.4 |  | $ | 2,829.6 |
Net income (loss) | (0.9) |  | 96.7 |  |  | (13.6) |  | 198.5 |
Net income (loss) attributable to ON Semiconductor Corporation | (1.4) |  | 95.6 |  |  | (14.4) |  | 197.4 |
Net income (loss) per share of common stock attributable to ON Semiconductor Corporation: |  |  |  |  |
Basic | $ | 0.00 |  | $ | 0.23 |  |  | $ | (0.04) |  | $ | 0.48 |
Diluted | $ | 0.00 |  | $ | 0.23 |  |  | $ | (0.04) |  | $ | 0.47 |

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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