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Business Segment and Geographic Information (Tables)

9 Months Ended

Sep. 30, 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 September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
VSD		$	345			$	354			$	1,012			$	1,092
PSD			251				267				759				724
MSD			300				311				881				914
		$	896			$	932			$	2,652			$	2,730

The following table sets forth segment assets by reportable segment:

September 30, 2024		Accounts  receivable, net				Inventories				Total
VSD		$	180			$	510			$	690
PSD			169				267				436
MSD			260				163				423
Total segment assets		$	609			$	940			$	1,549

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	)			2				12				13
Gross goodwill, at September 30, 2024			358				1,009				3,033				4,400
Accumulated goodwill impairment, at December 31, 2023 and September 30, 2024			(141	)			(390	)			(1,302	)			(1,833	)
Goodwill, net of accumulated impairment and foreign currency translation, at September 30, 2024		$	217			$	619			$	1,731			$	2,567

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 September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Gross profit by reportable segment:
VSD		$	148			$	148			$	431			$	456
PSD			113				110				341				310
MSD			171				168				495				465
Total gross profit by reportable segment			432				426				1,267				1,231
Operating expenses:
Research and development			70				71				206				218
Selling, general and administrative			167				167				498				514
Acquisition and integration costs			3				3				6				14
Restructuring and other			1				1				6				13
Fees and expenses related to amendments to the Term Loan Facility			2				—				5				—
Amortization of intangible assets			61				68				184				225
Goodwill and intangible asset impairments			—				—				—				1,827
Gain on sale of long-lived assets			—				(2	)			—				(2	)
Income (loss) from operations			128				118				362				(1,578	)
Interest income			(6	)			(4	)			(17	)			(10	)
Interest expense			64				93				230				266
Loss on extinguishment of debt			5				—				52				—
Other expense (income), net			5				7				(3	)			14
Income (loss) before income taxes			60				22				100				(1,848	)
(Benefit) provision for income taxes			(2	)			(17	)			1				(76	)
Net income (loss)		$	62			$	39			$	99			$	(1,772	)

Reconciles Total Segment Assets to Total Assets

The following table reconciles total segment assets to total assets:

		September 30, 2024				December 31, 2023
Total segment assets		$	1,549			$	1,594
Cash and cash equivalents			861				875
Other current assets			258				227
Property, plant and equipment, net			770				784
Right-of-use assets, net			247				225
Goodwill and intangible assets, net			5,010				5,173
Other assets			328				240
Total assets		$	9,023			$	9,118

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	)			2				12				13
Gross goodwill, at September 30, 2024			358				1,009				3,033				4,400
Accumulated goodwill impairment, at December 31, 2023 and September 30, 2024			(141	)			(390	)			(1,302	)			(1,833	)
Goodwill, net of accumulated impairment and foreign currency translation, at September 30, 2024		$	217			$	619			$	1,731			$	2,567

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 September 30,								Nine Months Ended September 30,
Net revenues:		2024				2023				2024				2023
United States		$	194			$	236			$	615			$	688
China			192				192				561				552
South Korea			89				93				260				262
Taiwan			66				67				176				195
Japan			65				68				177				208
Singapore			60				52				171				176
Other			230				224				692				649
		$	896			$	932			$	2,652			$	2,730

Long-lived assets:		September 30, 2024				December 31, 2023
United States		$	414			$	459
China			168				163
Germany			138				149
Other			350				326
		$	1,070			$	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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