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Industry, Segment and Geographic Information
12 Months Ended
Oct. 28, 2017
Segment Reporting [Abstract]  
Industry, Segment and Geographic Information
Industry, Segment and Geographic Information
The Company operates and tracks its results in one reportable segment based on the aggregation of eight operating segments. The Company designs, develops, manufactures and markets a broad range of integrated circuits (ICs). The Chief Executive Officer has been identified as the Company's Chief Operating Decision Maker. The Company has determined that all of the Company's operating segments share the following similar economic characteristics, and therefore meet the criteria established for operating segments to be aggregated into one reportable segment, namely:
The primary source of revenue for each operating segment is the sale of integrated circuits.
The integrated circuits sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the Company’s own production facilities or by third-party wafer fabricators using proprietary processes.
The Company sells its products to tens of thousands of customers worldwide. Many of these customers use products spanning all operating segments in a wide range of applications.
The integrated circuits marketed by each of the Company's operating segments are sold globally through a direct sales force, third-party distributors, independent sales representatives and via our website to the same types of customers.
All of the Company's operating segments share a similar long-term financial model as they have similar economic characteristics. The causes for variation in operating and financial performance are the same among the Company's operating segments and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. Lastly, the number and composition of employees and the amounts and types of tools and materials required for production of products are proportionally similar for each operating segment.
Revenue Trends by End Market
The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data evolve and improve, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.
 
2017
 
2016
 
2015
 
Revenue
 
% of
Total
Product
Revenue
 
Revenue
 
% of
Total
Product
Revenue
 
Revenue
 
% of
Total
Product
Revenue
Industrial
$
2,361,549

 
46
%
 
$
1,497,070

 
44
%
 
$
1,495,887

 
44
%
Automotive
782,961

 
15
%
 
541,774

 
16
%
 
526,493

 
15
%
Consumer
1,047,606

 
21
%
 
687,697

 
20
%
 
727,585

 
21
%
Communications
915,387

 
18
%
 
694,868

 
20
%
 
685,127

 
20
%
Total Revenue
$
5,107,503

 
100
%
 
$
3,421,409

 
100
%
 
$
3,435,092

 
100
%


Geographic Information
Revenue by geographic region is based upon the primary end customer location for the Company's products. In fiscal 2017, fiscal 2016 and fiscal 2015, the predominant countries comprising “Rest of North and South America” are Canada and Mexico; the predominant countries comprising “Europe” are Germany, Sweden, France and the United Kingdom; and the predominant countries comprising “Rest of Asia” are South Korea and Taiwan.
 
2017
 
2016
 
2015
Revenue
 

 
 

 
 

United States
$
1,999,041

 
$
1,299,629

 
$
1,325,279

Rest of North and South America
103,077

 
95,957

 
97,189

Europe
1,211,435

 
924,849

 
939,230

Japan
506,114

 
291,649

 
319,569

China
842,532

 
575,690

 
511,365

Rest of Asia
445,304

 
233,635

 
242,460

Subtotal all foreign countries
3,108,462

 
2,121,780

 
2,109,813

Total revenue
$
5,107,503

 
$
3,421,409

 
$
3,435,092

Property, plant and equipment
 

 
 

 
 

United States
$
504,968

 
$
236,625

 
$
253,417

Ireland
188,728

 
174,952

 
173,703

Philippines
228,629

 
194,587

 
195,662

Singapore
77,015

 

 

Malaysia
71,756

 

 

All other countries
36,208

 
29,952

 
21,328

Subtotal all foreign countries
602,336

 
399,491

 
390,693

Total property, plant and equipment
$
1,107,304

 
$
636,116

 
$
644,110