XML 18 R8.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue and Segment Information | 9 Months Ended
--- | ---
Oct. 01, 2021
Segment Reporting [Abstract] |
Revenue and Segment Information | Note 2: Revenue and Segment Information The Company is organized into three operating and reportable segments consisting of PSG, ASG and ISG. These segments represent the Company’s view of the business, and its gross profit is used to evaluate the performance of the Company’s segments, the progress of major initiatives and the allocation of resources. Gross profit is exclusive of the amortization of acquisition-related intangible assets. 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 October 1, 2021: |  |  |  |  |  |  |
Revenue from external customers | $ | 892.1 |  |  | $ | 613.5 |  |  | $ | 236.5 |  |  | $ | 1,742.1 |
Gross profit | $ | 346.0 |  |  | $ | 280.1 |  |  | $ | 94.7 |  |  | $ | 720.8 |
For the quarter ended October 2, 2020: |  |  |  |  |  |  |
Revenue from external customers | $ | 647.4 |  |  | $ | 494.6 |  |  | $ | 175.3 |  |  | $ | 1,317.3 |
Gross profit (1) | $ | 194.2 |  |  | $ | 191.2 |  |  | $ | 55.8 |  |  | $ | 441.2 |
For the nine months ended October 1, 2021: |  |  |  |  |  |  |
Revenue from external customers | $ | 2,485.7 |  |  | $ | 1,752.6 |  |  | $ | 655.4 |  |  | $ | 4,893.7 |
Gross profit | $ | 906.8 |  |  | $ | 739.2 |  |  | $ | 236.1 |  |  | $ | 1,882.1 |
For the nine months ended October 2, 2020: |  |  |  |  |  |  |
Revenue from external customers | $ | 1,889.7 |  |  | $ | 1,388.4 |  |  | $ | 530.6 |  |  | $ | 3,808.7 |
Gross profit (1) | $ | 549.2 |  |  | $ | 500.4 |  |  | $ | 168.6 |  |  | $ | 1,218.2 |
(1)Beginning in the first quarter of 2021, the Company started including unallocated manufacturing costs as part of segment operating results to determine segment gross profit. As a result, the prior-period amounts have been reclassified to conform to current-period presentation. The Company had one customer, a distributor, whose purchases accounted for approximately 14% and 13% of the Company's total revenue for the quarter and nine months ended October 1, 2021. 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 October 1, 2021
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 285.4 |  |  | $ | 219.3 |  |  | $ | 39.3 |  |  | $ | 544.0 |
Hong Kong | 281.8 |  |  | 152.2 |  |  | 53.0 |  |  | 487.0 |
United Kingdom | 145.0 |  |  | 86.8 |  |  | 41.4 |  |  | 273.2 |
United States | 115.8 |  |  | 74.3 |  |  | 48.6 |  |  | 238.7 |
Other | 64.1 |  |  | 80.9 |  |  | 54.2 |  |  | 199.2 |
Total | $ | 892.1 |  |  | $ | 613.5 |  |  | $ | 236.5 |  |  | $ | 1,742.1 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 644.2 |  |  | $ | 355.6 |  |  | $ | 149.0 |  |  | $ | 1,148.8 |
Direct Customers | 247.9 |  |  | 257.9 |  |  | 87.5 |  |  | 593.3 |
Total | $ | 892.1 |  |  | $ | 613.5 |  |  | $ | 236.5 |  |  | $ | 1,742.1 |
| Nine Months Ended October 1, 2021
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 833.0 |  |  | $ | 647.8 |  |  | $ | 105.2 |  |  | $ | 1,586.0 |
Hong Kong | 738.9 |  |  | 397.0 |  |  | 142.6 |  |  | 1,278.5 |
United Kingdom | 435.1 |  |  | 254.3 |  |  | 129.2 |  |  | 818.6 |
United States | 299.2 |  |  | 220.9 |  |  | 128.5 |  |  | 648.6 |
Other | 179.5 |  |  | 232.6 |  |  | 149.9 |  |  | 562.0 |
Total | $ | 2,485.7 |  |  | $ | 1,752.6 |  |  | $ | 655.4 |  |  | $ | 4,893.7 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 1,779.2 |  |  | $ | 988.8 |  |  | $ | 410.7 |  |  | $ | 3,178.7 |
Direct Customers | 706.5 |  |  | 763.8 |  |  | 244.7 |  |  | 1,715.0 |
Total | $ | 2,485.7 |  |  | $ | 1,752.6 |  |  | $ | 655.4 |  |  | $ | 4,893.7 |
| Quarter Ended October 2, 2020
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 236.5 |  |  | $ | 177.1 |  |  | $ | 28.3 |  |  | $ | 441.9 |
Hong Kong | 187.8 |  |  | 103.4 |  |  | 43.3 |  |  | 334.5 |
United Kingdom | 98.6 |  |  | 71.0 |  |  | 37.2 |  |  | 206.8 |
United States | 73.0 |  |  | 68.4 |  |  | 46.2 |  |  | 187.6 |
Other | 51.5 |  |  | 74.7 |  |  | 20.3 |  |  | 146.5 |
Total | $ | 647.4 |  |  | $ | 494.6 |  |  | $ | 175.3 |  |  | $ | 1,317.3 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 436.3 |  |  | $ | 255.8 |  |  | $ | 87.3 |  |  | $ | 779.4 |
Direct Customers | 211.1 |  |  | 238.8 |  |  | 88.0 |  |  | 537.9 |
Total | $ | 647.4 |  |  | $ | 494.6 |  |  | $ | 175.3 |  |  | $ | 1,317.3 |
| Nine Months Ended October 2, 2020
| PSG |  | ASG |  | ISG |  | Total
Geographic Location |  |  |  |  |  |  |
Singapore | $ | 674.2 |  |  | $ | 507.1 |  |  | $ | 108.3 |  |  | $ | 1,289.6 |
Hong Kong | 570.2 |  |  | 291.0 |  |  | 112.8 |  |  | 974.0 |
United Kingdom | 279.5 |  |  | 190.2 |  |  | 105.0 |  |  | 574.7 |
United States | 201.9 |  |  | 209.2 |  |  | 112.8 |  |  | 523.9 |
Other | 163.9 |  |  | 190.9 |  |  | 91.7 |  |  | 446.5 |
Total | $ | 1,889.7 |  |  | $ | 1,388.4 |  |  | $ | 530.6 |  |  | $ | 3,808.7 |
Sales Channel |  |  |  |  |  |  |
Distributors | $ | 1,259.5 |  |  | $ | 700.7 |  |  | $ | 294.5 |  |  | $ | 2,254.7 |
Direct Customers | 630.2 |  |  | 687.7 |  |  | 236.1 |  |  | 1,554.0 |
Total | $ | 1,889.7 |  |  | $ | 1,388.4 |  |  | $ | 530.6 |  |  | $ | 3,808.7 |
The Company operates in various geographic locations. Sales to customers have little correlation with the location of manufacturers. Accordingly, the Company does not present operating profit by geographical location. The Company does not discretely allocate assets to its operating segments, nor does management evaluate operating segments using discrete asset information. The Company’s consolidated assets are not specifically ascribed to its individual reportable segments. Rather, assets used in operations are generally shared across the Company’s operating and reportable segments. Property, plant and equipment, net, by geographic location, is summarized as follows (in millions):
| As of
| October 1, 2021 |  | December 31, 2020
United States | $ | 709.3 |  |  | $ | 686.6 |
South Korea | 444.0 |  |  | 455.5 |
Philippines | 352.9 |  |  | 386.6 |
China | 213.6 |  |  | 229.6 |
Japan | 205.0 |  |  | 209.3 |
Czech Republic | 204.5 |  |  | 216.1 |
Malaysia | 181.0 |  |  | 190.2 |
Other | 117.5 |  |  | 138.4 |
Total | $ | 2,427.8 |  |  | $ | 2,512.3 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration