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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Income Statement [Abstract]    
Revenue $ 1,945.0 $ 1,481.7
Cost of revenue (exclusive of amortization shown below) 983.7 960.5
Gross profit 961.3 521.2
Operating expenses:    
Research and development 156.8 173.6
Selling and marketing 71.1 78.9
General and administrative 77.9 72.4
Amortization of acquisition-related intangible assets 21.3 25.0
Restructuring, asset impairments and other charges, net (13.0) 42.5
Intangible asset impairment 0.0 2.9
Total operating expenses 314.1 395.3
Operating income 647.2 125.9
Other income (expense), net:    
Interest expense (21.6) (33.4)
Interest income 0.4 0.4
Other income (expense) 2.1 4.5
Other income (expense), net (19.1) (28.5)
Income before income taxes 628.1 97.4
Income tax provision (97.1) (7.1)
Net income 531.0 90.3
Less: Net income attributable to non-controlling interest (0.8) (0.4)
Net income attributable to ON Semiconductor Corporation 530.2 89.9
Net income for diluted earnings per share of common stock $ 530.7 $ 89.9
Net income per share of common stock:    
Basic (in dollars per share) $ 1.22 $ 0.22
Diluted (in dollars per share) $ 1.18 $ 0.20
Weighted-average shares of common stock outstanding:    
Basic (in shares) 433.3 413.4
Diluted (in shares) 448.9 445.4
Comprehensive income, net of tax:    
Net income $ 531.0 $ 90.3
Foreign currency translation adjustments (2.4) (2.3)
Effects of cash flow hedges and other adjustments 16.6 4.0
Other comprehensive income, net of tax 14.2 1.7
Comprehensive income 545.2 92.0
Comprehensive income attributable to non-controlling interest (0.8) (0.4)
Comprehensive income attributable to ON Semiconductor Corporation $ 544.4 $ 91.6