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Revenue and Segment Information (Tables)

6 Months Ended

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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