v3.25.2
Earnings Per Share and Equity (Tables)
 6 Months Ended
Jul. 04, 2025
Earnings Per Share [Abstract]  
Schedule of Net Income Per Share
Net income per share of common stock for calculating basic and diluted earnings per share was calculated as follows (in millions, except per share data):
Quarters EndedSix Months Ended
 July 4, 2025June 28, 2024July 4, 2025June 28, 2024
Net income (loss) for diluted earnings per share of common stock$170.3 $338.2 $(315.8)$791.2 
Basic weighted-average shares of common stock outstanding414.6 429.1 418.0 428.6 
Dilutive effect of share-based awards0.3 0.4 — 0.6 
Dilutive effect of convertible notes and warrants— 3.7 — 5.7 
Diluted weighted-average shares of common stock outstanding414.9 433.2 418.0 434.9 
Net income (loss) per share of common stock attributable to ON Semiconductor Corporation:
Basic$0.41 $0.79 $(0.76)$1.85 
Diluted$0.41 $0.78 $(0.76)$1.82 
Schedule of Share Repurchase Program Activity under the Share Repurchase Program during the quarters and six months ended July 4, 2025 and June 28, 2024, respectively, was as follows (in millions, except per share data):
Quarters EndedSix Months Ended
 July 4, 2025June 28, 2024July 4, 2025June 28, 2024
Number of repurchased shares (1)
6.9 2.1 13.0 3.4 
Aggregate purchase price$300.0 $150.0 $600.0 $250.0 
Fees, commissions and excise tax3.0 0.1 5.6 0.1 
Total$303.0 $150.1 $605.6 $250.1 
Weighted-average purchase price per share (2)
$43.26 $71.88 $46.11 $74.41 

(1) None of these shares had been reissued or retired as of July 4, 2025, but may be reissued later.
(2) Exclusive of fees, commissions or other expenses.