Source document: on-semiconductor_2019

Question: How much was the expensing of the fair market value step-up of inventory during 2019?
Facts: $19.6 million
Answer: $19.6 million

Question: How much was the expensing of the fair market value step-up of inventory during 2019?
Facts: $1.0 million
Answer: $1.0 million

Question: What is the gross profit from PSG in 2019?
Facts: $976.0
Answer: $976.0 million

Question: What is the change in gross profit from PSG from 2018 to 2019?
Facts: 1,110.1; 976.0
Derivation: 976.0-1,110.1
Answer: -134.1 million

Question: What is the change in gross profit from ASG from 2018 to 2019?
Facts: 794.8; 878.3
Derivation: 794.8-878.3
Answer: -83.5 million

Question: What is the average gross profit from PSG for 2018 and 2019?
Facts: 1,110.1; 976.0
Derivation: (976.0+1,110.1) / 2
Answer: 1043.05 million

Question: How much Revenue was recognized for sales agreements for the years ended December 31, 2019 and 2018 respectively?
Facts: $5,492.0 million; $5,849.0 million
Answer: $5,492.0 million; $5,849.0 million

Question: How much Revenue was recognized for product development agreements for the years ended December 31, 2019 and 2018 respectively?
Facts: $25.9 million; $29.3 million
Answer: $25.9 million; $29.3 million

Question: What are the three operating and reportable segments?
Facts: ASG; ISG.; PSG
Answer: PSG; ASG; ISG.

Question: What is the change in PSG Revenue from external customers from year ended December 31, 2018 to 2019?
Facts: 2,788.3; 3,038.2
Derivation: 2,788.3-3,038.2
Answer: -249.9 million

Question: What is the change in ASG Revenue from external customers from year ended December 31, 2018 to 2019?
Facts: 1,972.3; 2,071.2
Derivation: 1,972.3-2,071.2
Answer: -98.9 million

Question: What is the average PSG Revenue from external customers for year ended December 31, 2018 to 2019?
Facts: 2,788.3; 3,038.2
Derivation: (2,788.3+3,038.2) / 2
Answer: 2913.25 million

Question: How is Basic income per common share computed?
Facts: dividing net income attributable to ON Semiconductor Corporation by the weighted average number of common shares outstanding during the period.
Answer: dividing net income attributable to ON Semiconductor Corporation by the weighted average number of common shares outstanding during the period.

Question: How much is the excluded number of anti-dilutive share-based awards for the year ended December 31, 2019?
Facts: 0.8 million
Answer: 0.8 million

Question: How much is the excluded number of anti-dilutive share-based awards for the year ended December 31, 2018?
Facts: 0.6 million
Answer: 0.6 million

Question: What is the change in Net income attributable to ON Semiconductor Corporation from December 31, 2018 to 2019?
Facts: 211.7; 627.4
Derivation: 211.7-627.4
Answer: -415.7 million

Question: What is the change in Basic weighted average common shares outstanding from year ended December 31, 2018 to 2019?
Facts: 410.9; 423.8
Derivation: 410.9-423.8
Answer: -12.9 million

Question: What is the average Net income attributable to ON Semiconductor Corporation for December 31, 2018 to 2019?
Facts: 211.7; 627.4
Derivation: (211.7+627.4) / 2
Answer: 419.55 million

Question: What is the service cost in 2019?
Facts: $9.4
Answer: $9.4 million

Question: What is the service cost in 2018?
Facts: $9.6
Answer: $9.6 million

Question: What is the interest cost in 2018?
Facts: 4.7
Answer: 4.7 million

Question: What is the change in Service cost from December 31, 2018 to 2019?
Facts: 9.4; 9.6
Derivation: 9.4-9.6
Answer: -0.2 million

Question: What is the change in Interest cost from year ended December 31, 2018 to 2019?
Facts: 4.7; 5.0
Derivation: 5.0-4.7
Answer: 0.3 million

Question: What is the average Service cost for December 31, 2018 and 2019?
Facts: 9.4; 9.6
Derivation: (9.4+9.6) / 2
Answer: 9.5 million

Question: What is resulted in completion of certain of its IPRD projects during the year ended December 31, 2019?
Facts: resulting in the reclassification of $23.2 million from IPRD to developed technology.
Answer: resulting in the reclassification of $23.2 million from IPRD to developed technology.

Question: What was the impact of abandoning two previously capitalized IPRD projects under ISG during the year ended December 31, 2019?
Facts: ecorded aggregate impairment losses in the amount of $1.6 million.
Answer: ecorded aggregate impairment losses in the amount of $1.6 million.

Question: What is resulted in completion of certain of its IPRD projects during the year ended December 31, 2019?
Facts: resulting in the reclassification of $10.4 million from IPRD to developed technology.
Answer: resulting in the reclassification of $10.4 million from IPRD to developed technology.

Question: What is the increase/ (decrease) in Original Cost of Customer relationships from December 31, 2018 to 2019?
Facts: 556.7; 585.2
Derivation: 585.2-556.7
Answer: 28.5 million

Question: What is the increase/ (decrease) in Original Cost of Developed technology from year ended December 31, 2018 to 2019?
Facts: 698.0; 779.5
Derivation: 779.5-698.0
Answer: 81.5 million

Question: What is the average Original Cost of Customer relationships for December 31, 2018 to 2019?
Facts: 556.7; 585.2
Derivation: (585.2+556.7) / 2
Answer: 570.95 million

Question: What was the net notional amount of net outstanding foreign exchange contracts as of December 31, 2019?
Facts: $183.3 million
Answer: $183.3 million

Question: What was the net notional amount of net outstanding foreign exchange contracts as of December 31, 2018?
Facts: $157.3 million
Answer: $157.3 million

Question: How much was the loss of realized and unrealized foreign currency transactions for the years ended December 31, 2019, 2018 and 2017 respectively?
Facts: $5.0 million; $6.3 million; $8.0 million
Answer: $5.0 million; $8.0 million; $6.3 million

Question: What is the change in the Japanese Yen Buy position from December 31, 2018 to 2019?
Facts: 29.9; 49.8
Derivation: 49.8-29.9
Answer: 19.9 million

Question: What is the change in Philippine Peso Buy position from year ended December 31, 2018 to 2019?
Facts: 30.1; 36.4
Derivation: 36.4-30.1
Answer: 6.3 million

Question: What is the average Japanese Yen Buy position for December 31, 2018 and 2019?
Facts: 29.9; 49.8
Derivation: (49.8+29.9) / 2
Answer: 39.85 million

Question: How much was the worldwide semiconductor industry sales in 2019?
Facts: $412.1 billion
Answer: $412.1 billion

Question: How much was the worldwide semiconductor industry sales in 2018?
Facts: $468.8 billion
Answer: $468.8 billion

Question: What led to the decrease of 12.1% semiconductor sales from 2018 to 2019?
Facts: decreased demand for semiconductor products.
Answer: decreased demand for semiconductor products.

Question: What is the change in Worldwide Semiconductor Industry Sales from Year Ended December 31, 2018 to 2019?
Facts: 412.1; 468.8
Derivation: 412.1-468.8
Answer: -56.7 billion

Question: What is the change in Worldwide Semiconductor Industry Sales from Year Ended December 31, 2016 to 2017?
Facts: 338.9; 412.2
Derivation: 412.2-338.9
Answer: 73.3 billion

Question: What is the average Worldwide Semiconductor Industry Sales for Year Ended December 31, 2018 to 2019?
Facts: 412.1; 468.8
Derivation: (412.1+468.8) / 2
Answer: 440.45 billion

Question: How much was Revenue for 2019 and 2018 respectively?
Facts: $5,517.9 million; $5,878.3 million
Answer: $5,517.9 million; $5,878.3 million

Question: What led to the decrease in overall Revenue between 2018 and 2019?
Facts: primarily attributable to an 8.2%, 4.8% and 1.5% decrease in revenue in PSG, ASG and ISG, respectively
Answer: primarily attributable to an 8.2%, 4.8% and 1.5% decrease in revenue in PSG, ASG and ISG, respectively

Question: What led to the decrease in Revenue from PSG?
Facts: due to a combination of a decrease in volume of products sold and a competitive pricing environment.
Answer: due to a combination of a decrease in volume of products sold and a competitive pricing environment.

Question: What is the change in revenue from PSG from 2018 to 2019?
Facts: 2,788.3; 3,038.2
Derivation: 2,788.3-3,038.2
Answer: -249.9 million

Question: What is the change in revenues from ASG from 2018 to 2019?
Facts: 1,972.3; 2,071.2
Derivation: 1,972.3-2,071.2
Answer: -98.9 million

Question: What is the average revenue from PSG for 2018 to 2019?
Facts: 2,788.3; 3,038.2
Derivation: (2,788.3+3,038.2) / 2
Answer: 2913.25 million

Question: How much was the foreign credit carryforwards before consideration of valuation allowance as of December 31, 2019?
Facts: $76.8 million
Answer: $76.8 million

Question: How much was the foreign credit carryforwards before consideration of valuation allowance as of December 31, 2018?
Facts: $68.8 million
Answer: $68.8 million

Question: When does the credits expire if they are not utilized?
Facts: 2026
Answer: 2026

Question: What is the change in Net operating loss and tax credit carryforwards from December 31, 2018 to 2019?
Facts: 584.9; 612.9
Derivation: 612.9-584.9
Answer: 28 million

Question: What is the change in Reserves and accruals from year ended December 31, 2018 to 2019?
Facts: 27.5; 57.4
Derivation: 27.5-57.4
Answer: -29.9 million

Question: What is the average Net operating loss and tax credit carryforwards for December 31, 2018 and 2019?
Facts: 584.9; 612.9
Derivation: (612.9+584.9) / 2
Answer: 598.9 million

Question: How much is the Depreciation expense for property, plant and equipment, including amortization of finance leases for 2019?
Facts: $409.7 million
Answer: $409.7 million

Question: How much is the Depreciation expense for property, plant and equipment, including amortization of finance leases for 2018?
Facts: $359.3 million
Answer: $359.3 million

Question: How much is the Depreciation expense for property, plant and equipment, including amortization of finance leases for 2017?
Facts: $325.2 million
Answer: $325.2 million

Question: What is the change in Inventories: Work in process from December 31, 2018 to 2019?
Facts: 760.7; 772.9
Derivation: 772.9-760.7
Answer: 12.2 million

Question: What is the change in Inventories: Finished goods from year ended December 31, 2018 to 2019?
Facts: 321.1; 327.2
Derivation: 321.1-327.2
Answer: -6.1 million

Question: What is the average Inventories: Work in process for December 31, 2018 to 2019?
Facts: 760.7; 772.9
Derivation: (772.9+760.7) / 2
Answer: 766.8 million

Question: How much Interest is payable on June 1 and December 1 of each year?
Facts: 1.00% annually.
Answer: 1.00% annually.

Question: How much Interest is payable on April 15 and October 15 of each year?
Facts: 1.625% annually
Answer: 1.625% annually

Question: What is the net long-term debt for 2019?
Facts: $2,876.5
Answer: $2,876.5 million

Question: What is the change in Gross long-term debt, including current maturities from December 31, 2018 to 2019?
Facts: 2,939.0; 3,749.2
Derivation: 3,749.2-2,939.0
Answer: 810.2 million

Question: What is the change in Net long-term debt, including current maturities from year ended December 31, 2018 to 2019?
Facts: 2,766.1; 3,612.5
Derivation: 3,612.5-2,766.1
Answer: 846.4 million

Question: What is the average Gross long-term debt, including current maturities for December 31, 2018 to 2019?
Facts: 2,939.0; 3,749.2
Derivation: (3,749.2+2,939.0) / 2
Answer: 3344.1 million

Question: When was "Capital Allocation Policy" announced?
Facts: December 1, 2014
Answer: December 1, 2014

Question: How is "free cash flow" defined for the the purposes of the Capital Allocation Policy?
Facts: net cash provided by operating activities less purchases of property, plant and equipment.
Answer: net cash provided by operating activities less purchases of property, plant and equipment.

Question: What is the aggregate purchase price in 2019?
Facts: $138.9
Answer: $138.9 million

Question: What is the change in Number of repurchased shares from December 31, 2018 to 2019?
Facts: 16.8; 7.8
Derivation: 7.8-16.8
Answer: -9 million

Question: What is the change in Aggregate purchase price from year ended December 31, 2018 to 2019?
Facts: 138.9; 315.0
Derivation: 138.9-315.0
Answer: -176.1 million

Question: What is the average Number of repurchased shares for December 31, 2018 to 2019?
Facts: 16.8; 7.8
Derivation: (7.8+16.8) / 2
Answer: 12.3 million

Question: How much was accrued interest and penalties at December 31, 2019?
Facts: $5.1 million
Answer: $5.1 million

Question: How much was accrued interest and penalties at December 31, 2018?
Facts: $5.1 million
Answer: $5.1 million

Question: How much was accrued interest and penalties at December 31, 2017?
Facts: $5.9 million
Answer: $5.9 million

Question: What is the change in Additions for tax benefits related to the current year from December 31, 2018 to 2019?
Facts: 7.4; 9.4
Derivation: 9.4-7.4
Answer: 2 million

Question: What is the change in Lapse of statute from year ended December 31, 2018 to 2019?
Facts: 10.9; 8.2
Derivation: -8.2-(10.9)
Answer: 2.7 million

Question: What is the average Additions for tax benefits related to the current year for December 31, 2018 and 2019?
Facts: 7.4; 9.4
Derivation: (9.4+7.4) / 2
Answer: 8.4 million

Question: How much was the total intrinsic value of stock options exercised during the year ended December 31, 2019?
Facts: $3.9 million
Answer: $3.9 million

Question: How much cash was recieved from the exercise of stock options and the issuance of shares under the ESPP, respectively?
Facts: $1.7 million; $26.2 million
Answer: $1.7 million; $26.2 million

Question: What is the cost of revenue in 2019?
Facts: $10.6
Answer: $10.6 million

Question: What is the change in Cost of revenue from December 31, 2018 to 2019?
Facts: 10.6; 7.0
Derivation: 10.6-7.0
Answer: 3.6 million

Question: What is the change in Research and development from year ended December 31, 2018 to 2019?
Facts: 14.3; 17.0
Derivation: 17.0-14.3
Answer: 2.7 million

Question: What is the average Cost of revenue for December 31, 2018 and 2019?
Facts: 10.6; 7.0
Derivation: (10.6+7.0) / 2
Answer: 8.8 million