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Business Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2024

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,
		2024				2023
VSD		$	332			$	304
PSD			254				186
MSD			282				304
		$	868			$	794

The following table sets forth segment assets by reportable segment:

March 31, 2024		Accounts  receivable, net				Inventories				Total
VSD		$	173			$	541			$	714
PSD			172				275				447
MSD			231				155				386
Total segment assets		$	576			$	971			$	1,547

December 31, 2023		Accounts  receivable, net				Inventories				Total
VSD		$	181			$	553			$	734
PSD			171				283				454
MSD			251				155				406
Total segment assets		$	603			$	991			$	1,594

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

		VSD				PSD				MSD				Total
Reportable segment:
Gross goodwill, at December 31, 2023		$	359			$	1,007			$	3,021			$	4,387
Foreign currency translation			(1	)			(1	)			(41	)			(43	)
Gross goodwill, at March 31, 2024			358				1,006				2,980				4,344
Accumulated goodwill impairment, at December 31, 2023 and March 31, 2024			(141	)			(390	)			(1,302	)			(1,833	)
Goodwill, net of accumulated impairment and foreign currency translation, at March 31, 2024		$	217			$	616			$	1,678			$	2,511

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

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

		Three Months Ended March 31,
		2024				2023
Gross profit by reportable segment:
VSD		$	140			$	113
PSD			118				75
MSD			157				147
Total gross profit by reportable segment			415				335
Operating expenses:
Research and development			70				72
Selling, general and administrative			170				174
Acquisition and integration costs			1				6
Restructuring			3				1
Fees and expenses related to amendments to the Term Loan Facility			3				—
Amortization of intangible assets			62				81
Income from operations			106				1
Interest income			(6	)			(3	)
Interest expense			87				85
Loss on extinguishment of debt			9				—
Other (income) expense, net			(3	)			(2	)
Income (loss) before income taxes			19				(79	)
Provision (benefit) for income taxes			4				(37	)
Net income (loss)		$	15			$	(42	)

Reconciles Total Segment Assets to Total Assets

The following table reconciles total segment assets to total assets:

		March 31, 2024				December 31, 2023
Total segment assets		$	1,547			$	1,594
Cash and cash equivalents and short-term investments			846				875
Other current assets			268				227
Property, plant and equipment, net			766				784
Right-of-use assets, net			227				225
Goodwill and intangible assets, net			5,012				5,173
Other assets			265				240
Total assets		$	8,931			$	9,118

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:		2024				2023
United States		$	308			$	254
China			157				147
Germany			73				73
South Korea			72				74
Japan			49				50
Other			209				196
		$	868			$	794

Long-lived assets:		March 31, 2024				December 31, 2023
United States		$	461			$	459
China			166				163
Germany			141				149
Other			317				326
		$	1,085			$	1,097

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

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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.

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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.

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