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Acquisition (Tables) - Atotech Limited [Member] | 3 Months Ended
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Mar. 31, 2023
Business Acquisition [Line Items] |
Summary of Purchase Price | The purchase price of Atotech consisted of the following:
Cash consideration to Atotech stockholders, net |  | $ | 2,886 |
Value of MKS shares issued |  |  | 1,186 |
Repayment of Atotech senior secured term loans |  |  | 1,545 |
Settlement of accelerated Atotech share-based awards |  |  | 47 |
Total purchase price, net of cash and cash equivalents acquired |  | $ | 5,664 |
Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the purchase price to the preliminary fair values assigned to assets acquired and liabilities assumed at the Effective Date:
Cash and cash equivalents |  | $ | 238 |
Accounts receivable |  |  | 283 |
Inventories |  |  | 244 |
Other current assets |  |  | 104 |
Property, plant and equipment |  |  | 381 |
Intangible assets |  |  | 2,726 |
Goodwill |  |  | 3,064 |
Other assets |  |  | 131 |
Total assets acquired |  |  | 7,171 |
Accounts payable |  |  | 194 |
Other current liabilities |  |  | 166 |
Non-current deferred taxes |  |  | 729 |
Non-current accrued compensation |  |  | 99 |
Other non-current liabilities |  |  | 81 |
Total liabilities assumed |  |  | 1,269 |
Fair value of assets acquired and liabilities assumed |  |  | 5,902 |
Less: Cash and cash equivalents acquired |  |  | (238 | )
Total purchase price, net of cash and cash equivalents acquired |  | $ | 5,664 |
Allocation of Acquired Intangible Assets and Related Estimates of Useful Lives | The following table reflects the preliminary allocation of the acquired intangible assets and related estimate of useful lives at the Effective Date:
Customer relationships |  | $ | 1,756 |  |  | 11-14 years
Completed technology |  |  | 595 |  |  | 8-9 years
Trade names |  |  | 145 |  |  | 16 years
Backlog |  |  | 40 |  |  | 1.5 years
In-process research and development |  |  | 190 |  |  |
|  | $ | 2,726 |  |  |
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information presents the combined results of operations of the Company as if the Atotech Acquisition had occurred on January 1, 2021. The unaudited pro forma financial information is not necessarily indicative of what the Company’s condensed consolidated results of operations actually would have been had the acquisition occurred on the assumed date. In addition, the unaudited pro forma financial information does not attempt to project the future results of operations of the combined Company.
|  | Three Months Ended |
|  | March 31, 2022 |
Total net revenues |  | $ | 1,100 |
Net income |  | $ | 105 |
The unaudited pro forma information above give effect primarily to the following: • applying the Company’s accounting policies; • incremental interest expense related to the New Term Loan Facility; • incremental amortization of acquired intangible assets related to the estimated fair value from the purchase price allocation; • incremental depreciation of acquired property, plant and equipment related to the estimated fair value from the purchase price allocation; • incremental compensation expense for share-based compensation arrangements; and • the estimated tax impact of the above adjustments.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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