CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 04, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 2,762.5	$ 2,691.3
Short-term investments	250.0	300.0
Receivables, net	825.0	1,160.1
Inventories	2,078.2	2,242.0
Assets held-for-sale	45.7	5.3
Other current assets	365.1	353.3
Total current assets	6,326.5	6,752.0
Property, plant and equipment, net	3,840.5	4,361.4
Goodwill	1,641.6	1,587.9
Intangible assets, net	309.2	257.9
Deferred tax assets	745.5	729.9
ROU financing lease assets	39.9	40.5
Other assets	350.7	360.2
Total assets	13,253.9	14,089.8
Liabilities and Stockholders’ Equity
Accounts payable	496.6	574.5
Accrued expenses and other current liabilities	781.3	760.0
Current portion of financing lease liabilities	0.4	0.3
Total current liabilities	1,278.3	1,334.8
Long-term debt	3,348.3	3,345.9
Deferred tax liabilities	45.6	37.6
Long-term financing lease liabilities	21.6	20.7
Other long-term liabilities	511.2	536.3
Total liabilities	5,205.0	5,275.3
Commitments and contingencies (Note 10)
ON Semiconductor Corporation stockholders’ equity:
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 624,118,249 and 622,655,553 issued, 417,866,634 and 422,955,173 outstanding, respectively)	6.2	6.2
Additional paid-in capital	5,411.4	5,372.2
Accumulated other comprehensive loss	(56.5)	(62.4)
Accumulated earnings	7,634.8	8,120.9
Less: Treasury stock, at cost: 206,251,615 and 199,700,380 shares, respectively	(4,966.0)	(4,640.5)
Total ON Semiconductor Corporation stockholders’ equity	8,029.9	8,796.4
Non-controlling interest	19.0	18.1
Total stockholders’ equity	8,048.9	8,814.5
Total liabilities and stockholders’ equity	$ 13,253.9	$ 14,089.8

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).