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Industry, Segment and Geographic Information
12 Months Ended
Oct. 30, 2021
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 its 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 the Company's 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.
 202120202019
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Industrial$4,011,485 55 %$2,998,259 54 %$3,014,890 50 %
Automotive1,248,635 17 %778,297 14 %929,671 16 %
Communications1,198,461 16 %1,191,169 21 %1,294,233 22 %
Consumer859,705 12 %635,331 11 %752,271 13 %
Total revenue$7,318,286 100 %$5,603,056 100 %$5,991,065 100 %
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(1)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.
202120202019
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Distributors$4,589,944 63 %$3,216,302 57 %$3,409,161 57 %
Direct customers2,600,353 36 %2,300,493 41 %2,506,065 42 %
Other127,989 %86,261 %75,839 %
Total revenue$7,318,286 100 %$5,603,056 100 %$5,991,065 100 %
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(1)The sum of the individual percentages may not equal the total due to rounding.
Geographic Information
Geographic revenue information for fiscal 2021, fiscal 2020 and fiscal 2019 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.
202120202019
Revenue   
United States$2,389,439 $1,887,443 $2,020,886 
Rest of North and South America42,830 41,250 55,059 
Europe1,592,989 1,245,695 1,374,673 
Japan787,966 521,720 657,632 
China1,614,396 1,348,011 1,316,275 
Rest of Asia890,666 558,937 566,540 
Subtotal all foreign countries4,928,847 3,715,613 3,970,179 
Total revenue$7,318,286 $5,603,056 $5,991,065 
Property, plant and equipment   
United States$956,624 $579,755 $592,591 
Ireland206,353 169,968 184,791 
Philippines524,128 256,470 247,823 
Thailand126,040 — — 
Singapore (1)— 18,518 88,385 
Malaysia84,971 53,616 56,292 
All other countries80,935 42,234 50,107 
Subtotal all foreign countries1,022,427 540,806 627,398 
Total property, plant and equipment$1,979,051 $1,120,561 $1,219,989 
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(1)As further discussed in Note 5, Special Charges, of the Notes to Consolidated Financial Statements, the Company sold this facility in fiscal 2021.