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Business Segment, Geographic Area, and Significant Customer Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following table sets forth net revenues by reportable segment:

		Three Months Ended								Six Months Ended June 30,
		June 30, 2022				June 30, 2021				2022				2021
Vacuum Solutions Division		$	507			$	458			$	981			$	894
Photonics Solutions Division			228				193				456				375
Equipment Solutions Division			30				99				70				175
		$	765			$	750			$	1,507			$	1,444

June 30, 2022		Accounts  receivable				Inventory				Total
Vacuum Solutions Division		$	344			$	421			$	765
Photonics Solutions Division			162				202				364
Equipment Solutions Division			35				67				102
Corporate, Eliminations & Other			(60	)			(1	)			(61	)
Total segment assets		$	481			$	689			$	1,170

December 31, 2021		Accounts  receivable				Inventory				Total
Vacuum Solutions Division		$	285			$	339			$	624
Photonics Solutions Division			146				177				323
Equipment Solutions Division			36				62				98
Corporate, Eliminations & Other			(24	)			(1	)			(25	)
Total segment assets		$	443			$	577			$	1,020

Goodwill associated with each of the Company's reportable segments is as follows:

		June 30, 2022				December 31, 2021
Reportable segment:
Vacuum Solutions Division		$	195			$	195
Photonics Solutions Division			552				558
Equipment Solutions Division			473				475
Total goodwill		$	1,220			$	1,228

Reconciliation of Gross Profit by Reportable Segment to Net Income

The following table sets forth a reconciliation of gross profit by reportable segment to net income:

		Three Months Ended June 30,								Six Months Ended June 30,
		2022				2021				2022				2021
Gross profit by reportable segment:
Vacuum Solutions Division		$	219			$	212			$	425			$	417
Photonics Solutions Division			109				90				222				172
Equipment Solutions Division			10				53				25				88
Total gross profit by reportable segment			338				355				672				677
Operating expenses:
Research and development			53				50				105				97
Selling, general and administrative			101				97				193				193
Acquisition and integration costs			2				6				10				12
Restructuring and other			3				3				5				8
Amortization of intangible assets			15				13				30				25
Gain on sale of long-lived assets			—				—				(7	)			—
Income from operations			164				186				336				342
Interest income			1				—				1				—
Interest expense			7				6				13				12
Other expense (income), net			2				8				(3	)			9
Income before income taxes			156				172				327				321
Provision for income taxes			26				26				54				52
Net income		$	130			$	146			$	273			$	269

Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment

The following table sets forth capital expenditures by reportable segment for the three and six months ended June 30, 2022 and 2021:

		Three Months Ended June 30,								Six Months Ended June 30,
		2022				2021				2022				2021
Vacuum Solutions Division		$	55			$	8			$	65			$	17
Photonics Solutions Division			8				5				16				17
Equipment Solutions Division			1				3				2				9
Total capital expenditures		$	64			$	16			$	83			$	43

The following table sets forth depreciation and amortization by reportable segment for the three and six months ended June 30, 2022 and 2021:

		Three Months Ended June 30,								Six Months Ended June 30,
		2022				2021				2022				2021
Vacuum Solutions Division		$	6			$	6			$	12			$	12
Photonics Solutions Division			13				10				26				19
Equipment Solutions Division			9				9				18				18
Total depreciation and amortization		$	28			$	25			$	56			$	49

Reconciliation of Segment Assets to Total Assets

The following is a reconciliation of segment assets to total assets:

		June 30, 2022				December 31, 2021
Total segment assets		$	1,170			$	1,020
Cash and cash equivalents and short-term investments			1,067				1,042
Other current assets			112				85
Property, plant and equipment, net			377				326
Right-of-use assets			170				184
Goodwill and intangible assets, net			1,764				1,804
Other assets and long-term investments			89				79
Total assets		$	4,749			$	4,540

Schedule of Net Revenues and Long-Lived Assets by Geographic Regions

Intercompany sales between geographic areas are at tax transfer prices and have been eliminated from consolidated net revenues. North America includes revenue from the United States and an immaterial amount of revenue from Canada.

		Three Months Ended June 30,								Six Months Ended June 30,
Net revenues:		2022				2021				2022				2021
North America		$	356			$	292			$	736			$	574
South Korea			95				104				177				202
China			82				102				140				183
Other Asia			169				191				330				370
Europe			63				61				124				115
		$	765			$	750			$	1,507			$	1,444

Long-lived assets:		June 30, 2022				December 31, 2021
United States		$	227			$	292
Mexico			223				133
Asia			133				106
Europe			35				36
		$	618			$	567

Summary of Net Revenues by Major Customers

The following customers represented greater than 10% of the Company's net revenues as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2022				2021				2022				2021
Lam Research Corporation			15	%			12	%			16	%			13	%
Applied Materials, Inc.			13	%			11	%			12	%			11	%

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