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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 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:

		Nine Months Ended
		September 30, 2024				September 30, 2023
Beginning balance, January 1(1)		$	79			$	96
Additions to deferred revenue and customer advances			103				122
Amount of deferred revenue and customer advances recognized in income			(110	)			(136	)
Ending balance, September 30(2)		$	72			$	82

(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 September 30, 2024 included $70 of current deferred revenue and customer advances and $2 of non-current deferred revenue. Ending balance as of September 30, 2023 included $80 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 September 30, 2024
		VSD				PSD				MSD				Total
Net revenues:
Products		$	283			$	209			$	284			$	776
Services			62				42				16				120
Total net revenues		$	345			$	251			$	300			$	896

		Three Months Ended September 30, 2023
		VSD				PSD				MSD				Total
Net revenues:
Products		$	294			$	225			$	299			$	818
Services			60				42				12				114
Total net revenues		$	354			$	267			$	311			$	932

		Nine Months Ended September 30, 2024
		VSD				PSD				MSD				Total
Net revenues:
Products		$	833			$	633			$	835			$	2,301
Services			179				126				46				351
Total net revenues		$	1,012			$	759			$	881			$	2,652

		Nine Months Ended September 30, 2023
		VSD				PSD				MSD				Total
Net revenues:
Products		$	929			$	613			$	874			$	2,416
Services			163				111				40				314
Total net revenues		$	1,092			$	724			$	914			$	2,730

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 September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Semiconductor		$	378			$	367			$	1,098			$	1,117
Electronics and Packaging			231				243				669				691
Specialty Industrial			287				322				885				922
		$	896			$	932			$	2,652			$	2,730

X

- 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

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X

- 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

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- References

No definition available.

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