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Segment Information | 12 Months Ended
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Sep. 27, 2019
Segment Reporting [Abstract] |
SEGMENT INFORMATION AND CONCENTRATIONS | SEGMENT INFORMATION AND CONCENTRATIONS The Company has a single reportable operating segment which designs, develops, manufactures and markets similar proprietary semiconductor products, including intellectual property. In reaching this conclusion, management considers the definition of the chief operating decision maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM and how that information is used to make operating decisions, allocate resources and assess performance. The Company’s CODM is the president and chief executive officer. The results of operations provided to and analyzed by the CODM are at the consolidated level and accordingly, key resource decisions and assessment of performance are performed at the consolidated level. The Company assesses its determination of operating segments at least annually. GEOGRAPHIC INFORMATION The Company presents net revenue by geographic area based upon the location of the OEMs’ headquarters as it believes that doing so best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Net revenue by geographic area is as follows (in millions):
| Fiscal Years Ended
| September 27, 2019 |  | September 28, 2018 |  | September 29, 2017
United States | $ | 1,860.4 |  |  | $ | 1,946.2 |  |  | $ | 1,615.4 |
China | 718.7 |  |  | 982.8 |  |  | 1,018.8 |
South Korea | 365.5 |  |  | 432.7 |  |  | 531.8 |
Taiwan | 271.1 |  |  | 339.1 |  |  | 335.4 |
Europe, Middle East and Africa | 134.9 |  |  | 144.6 |  |  | 117.4 |
Other Asia-Pacific | 26.2 |  |  | 22.6 |  |  | 32.6 |
Total | $ | 3,376.8 |  |  | $ | 3,868.0 |  |  | $ | 3,651.4 |
The Company’s revenue from external customers is generated principally from the sale of semiconductor products that facilitate various wireless communication applications. Accordingly, the Company considers its product offerings to be similar in nature and therefore not segregated for reporting purposes. Net property, plant and equipment balances, based on the physical locations within the indicated geographic areas are as follows (in millions):
| As of
| September 27, 2019 |  | September 28, 2018
Japan | $ | 491.9 |  |  | $ | 328.4 |
Mexico | 351.5 |  |  | 449.4 |
Singapore | 229.9 |  |  | 222.7 |
United States | 117.6 |  |  | 126.6 |
Rest of world | 14.7 |  |  | 13.8 |
| $ | 1,205.6 |  |  | $ | 1,140.9 |
CONCENTRATIONS Financial instruments that potentially subject the Company to concentration of credit risk consist principally of trade accounts receivable. Trade accounts receivable are primarily derived from sales to manufacturers of communications and consumer products and electronic component distributors. Ongoing credit evaluations of customers’ financial condition are performed and collateral, such as letters of credit and bank guarantees, are required whenever deemed necessary. In fiscal 2019, 2018, and 2017, Apple, through sales to multiple distributors, contract manufacturers and direct sales for multiple applications including smartphones, tablets, desktop and notebook computers, watches and other devices, in the aggregate accounted for 51%, 47%, and 39% of the Company’s net revenue, respectively. In fiscal 2017, Samsung and Huawei in the aggregate accounted for 12% and 10% of the Company’s net revenue, respectively. At September 27, 2019, the Company’s three largest accounts receivable balances comprised 67% of aggregate gross accounts receivable. This concentration was 66% and 53% at September 28, 2018, and September 29, 2017, respectively.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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