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

9 Months Ended

Sep. 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 September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Vacuum Solutions Division		$	510			$	483			$	1,491			$	1,377
Photonics Solutions Division			267				259				793				809
Materials Solutions Division			177				—				177				—
		$	954			$	742			$	2,461			$	2,186

The following table sets forth segment assets by reportable segment:

September 30, 2022		Accounts  receivable				Inventory				Total
Vacuum Solutions Division		$	342			$	449			$	791
Photonics Solutions Division			185				282				467
Materials Solutions Division			301				230				531
Corporate, Eliminations & Other			(98	)			—				(98	)
Total segment assets		$	730			$	961			$	1,691

December 31, 2021		Accounts  receivable				Inventory				Total
Vacuum Solutions Division		$	285			$	339			$	624
Photonics Solutions Division			182				239				421
Materials Solutions Division			—				—				—
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:

		September 30, 2022				December 31, 2021
Reportable segment:
Vacuum Solutions Division		$	193			$	195
Photonics Solutions Division			1,020				1,033
Materials Solutions Division			2,638				—
Total goodwill		$	3,851			$	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 September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Gross profit by reportable segment:
Vacuum Solutions Division		$	220			$	226			$	645			$	644
Photonics Solutions Division			125				122				372				382
Materials Solutions Division			45				—				45				—
Total gross profit by reportable segment			390				348				1,062				1,026
Operating expenses:
Research and development			63				52				168				149
Selling, general and administrative			126				95				319				289
Acquisition and integration costs			31				9				41				21
Restructuring and other			5				2				10				10
Amortization of intangible assets			47				15				77				40
Gain on sale of long-lived assets			—				—				(7	)			—
Income from operations			118				175				454				517
Interest income			1				—				2				1
Interest expense			80				6				93				19
Other (income) expense, net			(1	)			3				(4	)			12
Income before income taxes			40				166				367				487
Provision for income taxes			34				34				88				86
Net income		$	6			$	132			$	279			$	401

Reconciliation of Segment Assets to Total Assets

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

		September 30, 2022				December 31, 2021
Total segment assets		$	1,691			$	1,020
Cash and cash equivalents and short-term investments			885				1,042
Other current assets			215				85
Property, plant and equipment, net			655				326
Right-of-use assets			235				184
Goodwill and intangible assets, net			7,504				1,804
Other assets and long-term investments			187				79
Total assets		$	11,372			$	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.

		Three Months Ended September 30,								Nine Months Ended September 30,
Net revenues:		2022				2021				2022				2021
United States		$	393			$	343			$	1,112			$	917
China			135				80				275				263
Germany			100				37				176				108
South Korea			82				91				260				293
Other			244				191				638				605
		$	954			$	742			$	2,461			$	2,186

Long-lived assets:		September 30, 2022				December 31, 2021
United States		$	497			$	412
Germany			123				18
China			120				16
Other			310				128
		$	1,050			$	574

Summary of Net Revenues by Major Customers

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

		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Lam Research Corporation			15	%			15	%			15	%			15	%
Applied Materials, Inc.			10	%			11	%			11	%			11	%

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