XML 45 R36.htm IDEA: XBRL DOCUMENT v3.23.1

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

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following table sets forth net revenues by reportable segment:

		Three Months Ended March 31,
		2023				2022
Vacuum Solutions Division		$	293			$	474
Photonics Solutions Division			197				268
Materials Solutions Division			304				—
		$	794			$	742

The following table sets forth segment assets by reportable segment:

March 31, 2023		Accounts  receivable, net				Inventories				Total
Vacuum Solutions Division		$	229			$	548			$	777
Photonics Solutions Division			194				322				516
Materials Solutions Division			275				187				463
Corporate, Eliminations & Other			(126	)			—				(126	)
Total segment assets		$	572			$	1,058			$	1,630

December 31, 2022		Accounts  receivable, net				Inventories				Total
Vacuum Solutions Division		$	307			$	491			$	798
Photonics Solutions Division			210				296				506
Materials Solutions Division			298				190				488
Corporate, Eliminations & Other			(95	)			—				(95	)
Total segment assets		$	720			$	977			$	1,697

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

		March 31, 2023				December 31, 2022
Reportable segment:
Vacuum Solutions Division		$	194			$	195
Photonics Solutions Division			1,027				1,026
Materials Solutions Division			3,106				3,087
Total goodwill		$	4,327			$	4,308

Schedule of Reconciles Gross Profit By Reportable Segment To Net (Loss) Income

The following table reconciles gross profit by reportable segment to net (loss) income:

		Three Months Ended March 31,
		2023				2022
Gross profit by reportable segment:
Vacuum Solutions Division		$	108			$	206
Photonics Solutions Division			81				128
Materials Solutions Division			147				—
Total gross profit by reportable segment			335				334
Operating expenses:
Research and development			72				52
Selling, general and administrative			174				92
Acquisition and integration costs			6				8
Restructuring and other			1				2
Amortization of intangible assets			81				15
Gain on sale of long-lived assets			—				(7	)
Income from operations			1				172
Interest income			(3	)			—
Interest expense			85				6
Other income, net			(2	)			(5	)
(Loss) income before income taxes			(79	)			171
(Benefit) provision for income taxes			(37	)			28
Net (loss) income		$	(42	)		$	143

Reconciles Segment Assets to Total Assets

The following table reconciles segment assets to total assets:

		March 31, 2023				December 31, 2022
Total segment assets		$	1,630			$	1,697
Cash and cash equivalents and short-term investments			881				910
Other current assets			237				187
Property, plant and equipment, net			794				800
Right-of-use assets, net			240				234
Goodwill and intangible assets, net			7,435				7,481
Other assets			149				186
Total assets		$	11,366			$	11,495

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 March 31,
Net revenues:		2023				2022
United States		$	254			$	342
China			147				67
South Korea			74				83
Germany			73				38
Other			246				212
		$	794			$	742

Long-lived assets:		March 31, 2023				December 31, 2022
United States		$	476			$	508
Germany			158				160
China			172				175
Other			343				343
		$	1,150			$	1,186

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration