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Revenue from Contracts with Customers | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | (6) Revenue from Contracts with Customers Contract assets as of December 31, 2023 and 2022 were $26 and $46, respectively, and were included in other current assets. A roll forward of the Company’s deferred revenue and customer advances is as follows:
|  | 2023 |  |  | 2022 |
Beginning balance, January 1(1) |  | $ | 96 |  |  | $ | 40 |
Assumed deferred revenue and customer advances from Atotech Acquisition |  |  | — |  |  |  | 36 |
Additions to deferred revenue and customer advances |  |  | 167 |  |  |  | 180 |
Amount of deferred revenue and customer advances recognized in income |  |  | (184 | ) |  |  | (160 | )
Ending balance, December 31(2) |  | $ | 79 |  |  | $ | 96 |
(1) Beginning deferred revenue and customer advances as of January 1, 2023 included $94 of current deferred revenue and customer advances, and $2 of long-term deferred revenue. Beginning deferred revenue and customer advances as of January 1, 2022 included $37 of current deferred revenue and customer advances, and $3 of long-term deferred revenue. The majority of the beginning balance in 2023 and 2022 was recognized in each year. (2) Ending deferred revenue and customer advances as of December 31, 2023 included $77 of current deferred revenue and customer advances, and $2 of long-term deferred revenue. Ending deferred revenue and customer advances as of December 31, 2022 included $94 of current deferred revenue and customer advances, and $2 of long-term deferred revenue. Revenue from certain custom products, including MSD plating equipment, and revenue from certain service contracts are recorded over time. Remaining product and services revenues are recorded at a point in time. Disaggregation of Revenue The following table summarizes revenue from contracts with customers:
|  | Year Ended December 31, 2023 |
|  | VSD |  |  | PSD |  |  | MSD |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 1,186 |  |  | $ | 860 |  |  | $ | 1,154 |  |  | $ | 3,200 |
Services |  |  | 218 |  |  |  | 152 |  |  |  | 52 |  |  |  | 422 |
Total net revenues |  | $ | 1,404 |  |  | $ | 1,012 |  |  | $ | 1,206 |  |  | $ | 3,622 |
|  | Year ended December 31, 2022 |
|  | VSD |  |  | PSD |  |  | MSD |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 1,720 |  |  | $ | 913 |  |  | $ | 486 |  |  | $ | 3,119 |
Services |  |  | 246 |  |  |  | 151 |  |  |  | 31 |  |  |  | 428 |
Total net revenues |  | $ | 1,966 |  |  | $ | 1,064 |  |  | $ | 517 |  |  | $ | 3,547 |
|  | Year Ended December 31, 2021 |
|  | VSD |  |  | PSD |  |  | MSD |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 1,629 |  |  | $ | 950 |  |  | $ | — |  |  | $ | 2,579 |
Services |  |  | 233 |  |  |  | 138 |  |  |  | — |  |  |  | 371 |
Total net revenues |  | $ | 1,862 |  |  | $ | 1,088 |  |  | $ | — |  |  | $ | 2,950 |
Refer to Note 22 for revenue by reportable segment, geography and groupings of similar products.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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