XML 27 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Industry, Segment and Geographic Information
 12 Months Ended
Oct. 31, 2020
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 ICs.
•The ICs 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 ICs 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 and the Company's methodology evolves and improves, 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.
 202020192018 (1)
Revenue% of
Total
Revenue (2)		Revenue% of
Total
Revenue (2)		Revenue% of
Total
Revenue (2)
Industrial$2,987,542 53 %$3,011,411 50 %$3,143,566 51 %
Communications1,195,946 21 %1,294,960 22 %1,155,826 19 %
Automotive779,276 14 %930,613 16 %1,006,886 16 %
Consumer640,292 11 %754,081 13 %918,411 15 %
Total revenue$5,603,056 100 %$5,991,065 100 %$6,224,689 100 %
_______________________________________
(1)Balances have been restated to reflect the adoption of ASU 2014-09. See Note 2a, Principles of Consolidation, of the Notes to Consolidated Financial Statements.
(2)The sum of the individual percentages may not equal the total due to rounding.
Revenue by Sales Channel
The following tables summarize revenue by sales channel. The Company sells its products globally through a direct sales force, third party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers (OEMs). Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time.
202020192018 (1)
Revenue% of
Total
Revenue (2)		Revenue% of
Total
Revenue (2)		Revenue% of
Total
Revenue (2)
Distributors$3,216,302 57 %$3,409,161 57 %$3,424,145 55 %
Direct customers2,300,493 41 %2,506,065 42 %2,721,885 44 %
Other86,261 2 %75,839 1 %78,659 1 %
Total revenue$5,603,056 100 %$5,991,065 100 %$6,224,689 100 %
_______________________________________
(1)Balances have been restated to reflect the adoption of ASU 2014-09. See Note 2a, Principles of Consolidation, of the Notes to Consolidated Financial Statements.
(2)The sum of the individual percentages may not equal the total due to rounding.
Geographic Information
Geographic revenue information for fiscal 2020, fiscal 2019 and fiscal 2018 reflects the geographic location of the distributors or OEMs who purchased the Company's products. This may differ from the geographic location of the end customers. In all periods presented, the predominant countries comprising “Rest of North and South America” are Canada and Mexico; the predominant countries comprising “Europe” are Germany, Sweden, and the Netherlands; and the predominant countries comprising “Rest of Asia” are Taiwan, Malaysia, South Korea and Singapore.
202020192018 (1)
Revenue   
United States$1,887,443 $2,020,886 $2,277,084 
Rest of North and South America41,250 55,059 46,276 
Europe1,245,695 1,374,673 1,405,686 
Japan521,720 657,632 714,846 
China1,348,011 1,316,275 1,215,949 
Rest of Asia558,937 566,540 564,848 
Subtotal all foreign countries3,715,613 3,970,179 3,947,605 
Total revenue$5,603,056 $5,991,065 $6,224,689 
Property, plant and equipment   
United States$579,755 $592,591 $505,646 
Ireland169,968 184,791 202,611 
Philippines256,470 247,823 260,355 
Singapore (2)18,518 88,385 80,383 
Malaysia53,616 56,292 57,514 
All other countries42,234 50,107 47,819 
Subtotal all foreign countries540,806 627,398 648,682 
Total property, plant and equipment$1,120,561 $1,219,989 $1,154,328 
_______________________________________
(1)Balances have been restated to reflect the adoption of ASU 2014-09. See Note 2a, Principles of Consolidation, of the Notes to Consolidated Financial Statements.
(2)As further discussed in Note 5, Special Charges, of the Notes to Consolidated Financial Statements the Company is planning to transition testing operations currently handled in its Singapore facility to its facilities in Penang, Malaysia and the Philippines and also to its outsourced assembly and test partners. As discussed in Note 2e, Property, Plant and Equipment, of the Notes to Consolidated Financial Statements, management has entered into an agreement to sell the facility and transfer the related land lease in Singapore in May 2021 and has classified $22.2 million as assets held for sale as of October 31, 2020.