Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 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:


	2024			2023
Beginning balance, January 1(1)	$	79		$	96
Additions to deferred revenue and customer advances		134			167
Amount of deferred revenue and customer advances recognized in income		(140	)		(184	)
Ending balance, December 31(2)	$	73		$	79

(1)

Beginning deferred revenue and customer advances as of January 1, 2024 included $77 of current deferred revenue and customer advances, and $2 of long-term deferred revenue. 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. The majority of the beginning balance in 2024 and 2023 was recognized in each year.

(2)

Ending deferred revenue and customer advances as of December 31, 2024 included $71 of current deferred revenue and customer advances, and $2 of long-term deferred revenue. 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.

Summary of Revenue from Contracts with Customers

The following table summarizes revenue from contracts with customers in the Company’s three end markets: Semiconductor, Electronics and Packaging, and Specialty Industrial.


	Years Ended December 31,
	2024		2023		2022
Semiconductor	$	1,498	$	1,479	$	2,041
Electronics and Packaging		922		916		541
Specialty Industrial		1,166		1,227		964
Total net revenues	$	3,586	$	3,622	$	3,547