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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Deferred Revenue and Customer Advances by Arrangement | A roll-forward of the Company’s deferred revenue and customer advances is as follows:
|  | Three Months Ended |
|  | March 31, 2024 |  |  | March 31, 2023 |
Beginning balance, January 1(1) |  | $ | 79 |  |  | $ | 96 |
Additions to deferred revenue and customer advances |  |  | 30 |  |  |  | 43 |
Amount of deferred revenue and customer advances recognized in income |  |  | (39 | ) |  |  | (41 | )
Ending balance, March 31(2) |  | $ | 70 |  |  | $ | 98 |
(1) Beginning balance as of January 1, 2024 included $77 of current deferred revenue and customer advances and $2 of non-current deferred revenue. Beginning balance as of January 1, 2023 included $94 of current deferred revenue and customer advances and $2 of non-current deferred revenue. (2) Ending balance as of March 31, 2024 included $68 of current deferred revenue and customer advances and $2 of non-current deferred revenue. Ending balance as of March 31, 2023 included $96 of current deferred revenue and customer advances and $2 of non-current deferred revenue.
Summary of Revenue from Contracts with Customers | The following tables summarize product and service revenue from contracts with customers in MKS’ three reportable segments.
|  | Three Months Ended March 31, 2024 |
|  | VSD |  |  | PSD |  |  | MSD |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 274 |  |  | $ | 214 |  |  | $ | 266 |  |  | $ | 754 |
Services |  |  | 58 |  |  |  | 40 |  |  |  | 16 |  |  |  | 114 |
Total net revenues |  | $ | 332 |  |  | $ | 254 |  |  | $ | 282 |  |  | $ | 868 |
|  | Three Months Ended March 31, 2023 |
|  | VSD |  |  | PSD |  |  | MSD |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 263 |  |  | $ | 159 |  |  | $ | 291 |  |  | $ | 712 |
Services |  |  | 41 |  |  |  | 27 |  |  |  | 14 |  |  |  | 82 |
Total net revenues |  | $ | 304 |  |  | $ | 186 |  |  | $ | 304 |  |  | $ | 794 |
The following table summarizes revenue from contracts with customers in the Company’s three end markets: Semiconductor, Electronics and Packaging, and Specialty Industrial.
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Semiconductor |  | $ | 351 |  |  | $ | 309 |
Electronics and Packaging |  |  | 208 |  |  |  | 222 |
Specialty Industrial |  |  | 309 |  |  |  | 263 |
|  | $ | 868 |  |  | $ | 794 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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