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Segments and Revenue (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Revenue and Gross Profit from Operating and Reportable Segments
Revenue and gross profit for the Company’s operating and reportable segments were as follows (in millions):
PSG (1)
AMG (1)
ISGTotal
Year ended December 31, 2024:
Revenue from external customers$3,348.2 $2,609.1 $1,125.0 $7,082.3 
Cost of revenue1,963.8 1,302.8 599.6 3,866.2 
Segment gross profit$1,384.4 $1,306.3 $525.4 $3,216.1 
Year ended December 31, 2023:
Revenue from external customers$3,880.4 $3,057.1 $1,315.5 $8,253.0 
Cost of revenue2,058.5 1,635.8 675.2 4,369.5 
Segment gross profit$1,821.9 $1,421.3 $640.3 $3,883.5 
Year ended December 31, 2022:
Revenue from external customers$3,467.1 $3,582.4 $1,276.7 $8,326.2 
Cost of revenue1,866.7 1,714.0 668.3 4,249.0 
Segment gross profit$1,600.4 $1,868.4 $608.4 $4,077.2 
(1)During the first quarter of 2024, the Company reorganized certain reporting units and its segment reporting structure. As a result of the reorganization of divisions within PSG and AMG, the prior-period amounts have been reclassified to conform to current-period presentation.
Schedule of 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 was as follows (in millions):

Year ended December 31, 2024
PSGAMGISGTotal
Geographic Location:
Hong Kong$876.1 $661.6 $241.6 $1,779.3 
Singapore991.0 617.1 125.1 1,733.2 
United Kingdom712.8 502.5 422.5 1,637.8 
United States525.4 596.7 185.4 1,307.5 
Other242.9 231.2 150.4 624.5 
Total$3,348.2 $2,609.1 $1,125.0 $7,082.3 
Sales Channel:
Distributors$2,051.5 $1,338.7 $369.4 $3,759.6 
Direct Customers1,296.7 1,270.4 755.6 3,322.7 
Total$3,348.2 $2,609.1 $1,125.0 $7,082.3 

Year ended December 31, 2023
PSG (1)
AMG (1)
ISGTotal
Geographic Location:
Hong Kong$1,151.7 $764.2 $252.7 $2,168.6 
Singapore1,095.1 640.4 203.3 1,938.8 
United Kingdom769.9 647.6 335.9 1,753.4 
United States604.3 642.1 327.3 1,573.7 
Other259.4 362.8 196.3 818.5 
Total$3,880.4 $3,057.1 $1,315.5 $8,253.0 
Sales Channel:
Distributors$2,238.6 $1,494.2 $576.3 $4,309.1 
Direct Customers1,641.8 1,562.9 739.2 3,943.9 
Total$3,880.4 $3,057.1 $1,315.5 $8,253.0 
Year ended December 31, 2022
PSG (1)
AMG (1)
ISGTotal
Geographic Location:
Hong Kong$1,083.1 $974.5 $258.2 $2,315.8 
Singapore955.7 978.2 200.0 2,133.9 
United Kingdom617.9 598.9 275.5 1,492.3 
United States543.7 585.6 335.4 1,464.7 
Other266.7 445.2 207.6 919.5 
Total$3,467.1 $3,582.4 $1,276.7 $8,326.2 
Sales Channel:
Distributors$2,167.5 $1,948.4 $691.4 $4,807.3 
Direct Customers1,299.6 1,634.0 585.3 3,518.9 
Total$3,467.1 $3,582.4 $1,276.7 $8,326.2 

(1)    During the first quarter of 2024, the Company reorganized certain reporting units and its segment reporting structure. As a result of the reorganization of divisions within PSG and AMG, the prior-period amounts have been reclassified to conform to current-period presentation.
The Company's revenue disaggregated into end-markets and product technologies was as follows (in millions):
Year ended December 31,
202420232022
End-Markets:
Automotive$3,900.8 $4,319.9 $3,360.8 
Industrial1,800.8 2,278.4 2,290.5 
Other*1,380.7 1,654.7 2,674.9 
Total$7,082.3 $8,253.0 $8,326.2 
* Other includes the end-markets of computing, consumer, networking, communications, etc.
Product Technologies:
Intelligent Power$3,648.6 $4,214.8 $3,997.3 
Intelligent Sensing1,379.2 1,606.8 1,573.7 
Other2,054.5 2,431.4 2,755.2 
Total$7,082.3 $8,253.0 $8,326.2 
Schedule of Segments and Product Lines
The following table illustrates the product technologies under each of the Company's reportable segments based on the Company's operating strategy. Because many products are sold into different end-markets, the total revenue reported for a segment is not indicative of actual sales in the end-market associated with that segment, but rather is the sum of the revenue from the product lines assigned to that segment. These segments represent the Company's view of the business and, as such, are used to evaluate progress of major initiatives and allocation of resources.
PSGAMGISG
SiC productsAnalog productsActuator Drivers
Discrete productsASIC productsCMOS image sensors
MOSFET productsLogic and Isolation productsImage Signal Processors
Power Module productsNon-Volatile Memory productsSingle Photon Detectors
Foundry products/servicesShort-Wavelength Infrared products
Gate Driver productsIndirect Time of Flight sensors
LSI products
Schedule of Property, Plant and Equipment, Net by Geographic Location
Property, plant and equipment, net by geographic location, is summarized below (in millions):
As of December 31,
20242023
South Korea$1,423.8 $1,360.8 
United States1,410.8 1,456.5 
Czech Republic612.3 559.7 
China228.8 252.2 
Philippines208.1 252.9 
Malaysia183.1 199.3 
Vietnam155.3 164.3 
Other139.2 155.8 
Total$4,361.4 $4,401.5 
Schedule of Contract Assets and Liabilities
Contract assets and contract liabilities were as follows (in millions):
As of December 31,
20242023
Contract assets included in:
Other current assets$39.9 $83.1 
Other assets— 12.0 
Total$39.9 $95.1 
Contract liabilities included in:
Accrued expenses and other current liabilities$98.2 $87.6 
Other long-term liabilities120.9 216.6 
Total$219.1 $304.2