CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 1,791.6	$ 1,352.6
Receivables, net	1,138.1	809.4
Inventories	1,563.2	1,379.5
Other current assets	292.4	240.1
Total current assets	4,785.3	3,781.6
Property, plant and equipment, net	2,709.8	2,524.3
Goodwill	1,815.4	1,937.5
Intangible assets, net	452.6	495.7
Deferred tax assets	375.7	366.3
Other assets	649.9	520.6
Total assets	10,788.7	9,626.0
Liabilities, Non-Controlling Interest and Stockholders’ Equity
Accounts payable	793.8	635.1
Accrued expenses and other current liabilities	754.3	747.6
Current portion of long-term debt	165.2	160.7
Total current liabilities	1,713.3	1,543.4
Long-term debt	3,047.4	2,913.9
Deferred tax liabilities	36.8	43.2
Other long-term liabilities	581.1	521.1
Total liabilities	5,378.6	5,021.6
Commitments and contingencies
ON Semiconductor Corporation stockholders’ equity:
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 606,427,684 and 603,044,079 issued, 433,322,860 and 432,472,818 outstanding, respectively)	6.1	6.0
Additional paid-in capital	4,565.9	4,633.3
Accumulated other comprehensive loss	(29.3)	(40.6)
Accumulated earnings	3,448.2	2,435.1
Less: Treasury stock, at cost: 173,104,824 and 170,571,261 shares, respectively	(2,601.4)	(2,448.4)
Total ON Semiconductor Corporation stockholders’ equity	5,389.5	4,585.4
Non-controlling interest	20.6	19.0
Total stockholders' equity	5,410.1	4,604.4
Total liabilities and stockholders' equity	$ 10,788.7	$ 9,626.0