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v3.20.2

Revenue and Segment Information (Tables) | 6 Months Ended
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Jul. 03, 2020
Segment Reporting [Abstract] |
Revenues and Gross Profit From Reportable Segments | Revenue and gross profit for the Company’s operating and reportable segments are as follows (in millions):
| PSG |  | ASG |  | ISG |  | Total
For the quarter ended July 3, 2020: |  |  |  |  |  |  |
Revenue from external customers | $ | 618.4 |  |  | $ | 426.7 |  |  | $ | 168.4 |  |  | $ | 1,213.5 |
Gross profit | $ | 184.2 |  |  | $ | 156.1 |  |  | $ | 50.3 |  |  | $ | 390.6 |
For the quarter ended June 28, 2019: |  |  |  |  |  |  |
Revenue from external customers | $ | 700.9 |  |  | $ | 462.0 |  |  | $ | 184.8 |  |  | $ | 1,347.7 |
Gross profit | $ | 255.7 |  |  | $ | 184.7 |  |  | $ | 65.9 |  |  | $ | 506.3 |
For the six months ended July 3, 2020: |  |  |  |  |  |  |
Revenue from external customers | $ | 1,242.3 |  |  | $ | 893.8 |  |  | $ | 355.3 |  |  | $ | 2,491.4 |
Gross profit | $ | 362.8 |  |  | $ | 330.9 |  |  | $ | 113.1 |  |  | $ | 806.8 |
For the six months ended June 28, 2019: |  |  |  |  |  |  |
Revenue from external customers | $ | 1,405.1 |  |  | $ | 956.1 |  |  | $ | 373.1 |  |  | $ | 2,734.3 |
Gross profit | $ | 504.7 |  |  | $ | 384.8 |  |  | $ | 140.8 |  |  | $ | 1,030.3 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Reconciliation of segment gross profit to consolidated gross profit is provided below (in millions):
| Quarters Ended |  |  |  | Six Months Ended |  |
| July 3, 2020 |  | June 28, 2019 |  | July 3, 2020 |  | June 28, 2019
Gross profit for reportable segments | $ | 390.6 |  |  | $ | 506.3 |  |  | $ | 806.8 |  |  | $ | 1,030.3 |
Less: Unallocated manufacturing costs | (16.3) |  |  | (7.3) |  |  | (29.8) |  |  | (17.6) |
Consolidated gross profit | $ | 374.3 |  |  | $ | 499.0 |  |  | $ | 777.0 |  |  | $ | 1,012.7 |
Disaggregation of Revenue | Revenue for the Company's operating and reportable segments disaggregated into geographic locations based on sales billed from the respective country and sales channels are as follows (in millions):
| Quarter Ended July 3, 2020 |  |  |  |  |  |
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 243.4 |  |  | $ | 157.4 |  |  | $ | 38.6 |  |  | $ | 439.4 |
Hong Kong | 190.4 |  |  | 95.7 |  |  | 37.2 |  |  | 323.3 |
United Kingdom | 75.8 |  |  | 42.4 |  |  | 22.7 |  |  | 140.9 |
United States | 56.2 |  |  | 63.5 |  |  | 32.1 |  |  | 151.8 |
Other | 52.6 |  |  | 67.7 |  |  | 37.8 |  |  | 158.1 |
Total | $ | 618.4 |  |  | $ | 426.7 |  |  | $ | 168.4 |  |  | $ | 1,213.5 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 436.9 |  |  | $ | 231.3 |  |  | $ | 103.8 |  |  | $ | 772.0 |
OEM/ODM | 150.2 |  |  | 164.4 |  |  | 54.3 |  |  | 368.9 |
Electronic Manufacturing Service Providers | 31.3 |  |  | 31.0 |  |  | 10.3 |  |  | 72.6 |
Total | $ | 618.4 |  |  | $ | 426.7 |  |  | $ | 168.4 |  |  | $ | 1,213.5 |
| Six Months Ended July 3, 2020 |  |  |  |  |  |
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 437.7 |  |  | $ | 330.0 |  |  | $ | 80.0 |  |  | $ | 847.7 |
Hong Kong | 382.4 |  |  | 187.6 |  |  | 69.5 |  |  | 639.5 |
United Kingdom | 180.9 |  |  | 119.2 |  |  | 67.8 |  |  | 367.9 |
United States | 128.9 |  |  | 140.8 |  |  | 66.6 |  |  | 336.3 |
Other | 112.4 |  |  | 116.2 |  |  | 71.4 |  |  | 300.0 |
Total | $ | 1,242.3 |  |  | $ | 893.8 |  |  | $ | 355.3 |  |  | $ | 2,491.4 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 823.2 |  |  | $ | 444.9 |  |  | $ | 207.2 |  |  | $ | 1,475.3 |
OEM/ODM | 344.4 |  |  | 383.8 |  |  | 127.8 |  |  | 856.0 |
Electronic Manufacturing Service Providers | 74.7 |  |  | 65.1 |  |  | 20.3 |  |  | 160.1 |
Total | $ | 1,242.3 |  |  | $ | 893.8 |  |  | $ | 355.3 |  |  | $ | 2,491.4 |
| Quarter Ended June 28, 2019 |  |  |  |  |  |
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 213.3 |  |  | $ | 130.5 |  |  | $ | 36.1 |  |  | $ | 379.9 |
Hong Kong | 206.2 |  |  | 108.3 |  |  | 33.9 |  |  | 348.4 |
United Kingdom | 118.0 |  |  | 76.4 |  |  | 35.0 |  |  | 229.4 |
United States | 99.6 |  |  | 93.0 |  |  | 30.9 |  |  | 223.5 |
Other | 63.8 |  |  | 53.8 |  |  | 48.9 |  |  | 166.5 |
Total | $ | 700.9 |  |  | $ | 462.0 |  |  | $ | 184.8 |  |  | $ | 1,347.7 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 433.5 |  |  | $ | 230.1 |  |  | $ | 116.8 |  |  | $ | 780.4 |
OEM/ODM | 223.3 |  |  | 197.7 |  |  | 58.7 |  |  | 479.7 |
Electronic Manufacturing Service Providers | 44.1 |  |  | 34.2 |  |  | 9.3 |  |  | 87.6 |
Total | $ | 700.9 |  |  | $ | 462.0 |  |  | $ | 184.8 |  |  | $ | 1,347.7 |
| Six Months Ended June 28, 2019 |  |  |  |  |  |
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 438.3 |  |  | $ | 283.5 |  |  | $ | 83.3 |  |  | $ | 805.1 |
Hong Kong | 406.8 |  |  | 220.3 |  |  | 59.3 |  |  | 686.4 |
United Kingdom | 243.8 |  |  | 155.9 |  |  | 76.6 |  |  | 476.3 |
United States | 188.5 |  |  | 185.6 |  |  | 63.0 |  |  | 437.1 |
Other | 127.7 |  |  | 110.8 |  |  | 90.9 |  |  | 329.4 |
Total | $ | 1,405.1 |  |  | $ | 956.1 |  |  | $ | 373.1 |  |  | $ | 2,734.3 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 857.2 |  |  | $ | 464.9 |  |  | $ | 223.1 |  |  | $ | 1,545.2 |
OEM/ODM | 459.5 |  |  | 418.8 |  |  | 130.2 |  |  | 1,008.5 |
Electronic Manufacturing Service Providers | 88.4 |  |  | 72.4 |  |  | 19.8 |  |  | 180.6 |
Total | $ | 1,405.1 |  |  | $ | 956.1 |  |  | $ | 373.1 |  |  | $ | 2,734.3 |
Summary of Property, Plant and Equipment by Geographic Location | Property, plant and equipment, net by geographic location, is summarized as follows (in millions):
| As of |  |
| July 3, 2020 |  | December 31, 2019
United States | $ | 665.0 |  |  | $ | 616.7 |
South Korea | 477.5 |  |  | 485.4 |
Philippines | 415.3 |  |  | 433.5 |
China | 238.8 |  |  | 243.6 |
Japan | 211.0 |  |  | 218.1 |
Czech Republic | 212.0 |  |  | 213.4 |
Malaysia | 185.7 |  |  | 204.4 |
Other | 161.2 |  |  | 176.5 |
Total | $ | 2,566.5 |  |  | $ | 2,591.6 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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