CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 03, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 3,514.5	$ 2,147.6
Short-term investments	350.0	400.0
Receivables, net	897.2	908.0
Inventories	2,047.5	1,989.6
Assets held-for-sale	31.4	25.0
Other current assets	441.2	352.9
Total current assets	7,281.8	5,823.1
Property, plant and equipment, net	2,924.9	3,369.0
Goodwill	1,687.6	1,679.9
Intangible assets, net	329.4	343.9
Deferred tax assets	1,014.3	929.1
ROU financing lease assets	0.0	23.1
Other assets	247.1	356.0
Total assets	13,485.1	12,524.1
Liabilities and Stockholders’ Equity
Accounts payable	498.3	572.3
Accrued expenses and other current liabilities	801.0	714.9
Current portion of financing lease liabilities	0.5	0.5
Current portion of long-term debt	802.1	0.0
Total current liabilities	2,101.9	1,287.7
Long-term debt	3,657.3	2,980.5
Deferred tax liabilities	46.8	41.7
Long-term financing lease liabilities	22.8	23.8
Other long-term liabilities	417.8	498.5
Total liabilities	6,246.6	4,832.2
Commitments and contingencies (Note 10)
ON Semiconductor Corporation stockholders’ equity:
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 626,960,841 and 624,962,201 issued, 389,290,999 and 396,740,551 outstanding, respectively)	6.3	6.2
Additional paid-in capital	5,632.8	5,538.6
Accumulated other comprehensive loss	(67.1)	(55.5)
Accumulated earnings	8,435.3	8,241.9
Less: Treasury stock, at cost: 237,669,842 and 228,221,650 shares, respectively	(6,788.6)	(6,057.9)
Total ON Semiconductor Corporation stockholders’ equity	7,218.7	7,673.3
Non-controlling interest	19.8	18.6
Total stockholders’ equity	7,238.5	7,691.9
Total liabilities and stockholders’ equity	$ 13,485.1	$ 12,524.1

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).