XML 43 R37.htm IDEA: XBRL DOCUMENT v3.25.3
Business Segment, Geographic Are and Product Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Gross Profit By Reportable Segment To Income Before Income Taxes

The following tables set forth the details of gross profit by reportable segment and the reconciliation to income before income taxes:

 

 

Three Months Ended September 30, 2025

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Product

 

$

313

 

 

$

208

 

 

$

339

 

 

$

860

 

Services

 

 

73

 

 

 

41

 

 

 

14

 

 

 

128

 

Revenues by segment

 

 

386

 

 

 

249

 

 

 

353

 

 

 

988

 

Total cost of revenues (exclusive of amortization shown separately below)(1)

 

 

223

 

 

 

141

 

 

 

160

 

 

 

524

 

Segment gross profit

 

 

163

 

 

 

108

 

 

 

193

 

 

 

464

 

Segment gross profit percentage

 

 

42.2

%

 

 

43.7

%

 

 

54.6

%

 

 

46.6

%

Reconciliation to income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

 

 

 

 

 

76

 

Selling, general and administrative

 

 

 

 

 

 

 

 

 

 

 

180

 

Restructuring and other

 

 

 

 

 

 

 

 

 

 

 

4

 

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

63

 

Unallocated corporate expenses

 

 

 

 

 

 

 

 

 

 

 

3

 

Income from operations

 

 

 

 

 

 

 

 

 

 

 

138

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

(3

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

53

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

2

 

Other expense (income), net

 

 

 

 

 

 

 

 

 

 

 

2

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

84

 

 

 

 

Three Months Ended September 30, 2024

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Product

 

$

283

 

 

$

209

 

 

$

284

 

 

$

776

 

Services

 

 

62

 

 

 

42

 

 

 

16

 

 

 

120

 

Revenues by segment

 

 

345

 

 

 

251

 

 

 

300

 

 

 

896

 

Total cost of revenues (exclusive of amortization shown separately below)(1)

 

 

194

 

 

 

139

 

 

 

129

 

 

 

462

 

Segment gross profit

 

 

151

 

 

 

112

 

 

 

171

 

 

 

434

 

Segment gross profit percentage

 

 

43.7

%

 

 

44.9

%

 

 

57.0

%

 

 

48.2

%

Reconciliation to income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

 

 

 

 

 

70

 

Selling, general and administrative

 

 

 

 

 

 

 

 

 

 

 

167

 

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

3

 

Restructuring and other

 

 

 

 

 

 

 

 

 

 

 

1

 

Fees and expenses related to amendments to the Term Loan Facility

 

 

 

 

 

 

 

 

 

 

 

2

 

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

61

 

Unallocated corporate expenses

 

 

 

 

 

 

 

 

 

 

 

2

 

Income from operations

 

 

 

 

 

 

 

 

 

 

 

128

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

(6

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

64

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

5

 

Other expense (income), net

 

 

 

 

 

 

 

 

 

 

 

5

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

60

 

 

 

 

 

Nine Months Ended September 30, 2025

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Product

 

$

966

 

 

$

638

 

 

$

924

 

 

$

2,528

 

Services

 

 

213

 

 

 

118

 

 

 

39

 

 

 

370

 

Revenues by segment

 

 

1,179

 

 

 

756

 

 

 

963

 

 

 

2,898

 

Total cost of revenues (exclusive of amortization shown separately below)(1)

 

 

664

 

 

 

428

 

 

 

439

 

 

 

1,531

 

Segment gross profit

 

 

515

 

 

 

328

 

 

 

524

 

 

 

1,367

 

Segment gross profit percentage

 

 

43.7

%

 

 

43.4

%

 

 

54.3

%

 

 

46.9

%

Reconciliation to income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

 

 

 

 

 

222

 

Selling, general and administrative

 

 

 

 

 

 

 

 

 

 

 

539

 

Restructuring and other

 

 

 

 

 

 

 

 

 

 

 

26

 

Fees and expenses related to amendments to the Term Loan Facility

 

 

 

 

 

 

 

 

 

 

 

2

 

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

184

 

Unallocated corporate expenses

 

 

 

 

 

 

 

 

 

 

 

9

 

Income from operations

 

 

 

 

 

 

 

 

 

 

 

385

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

(11

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

162

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

8

 

Other expense (income), net

 

 

 

 

 

 

 

 

 

 

 

11

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

215

 

 

 

 

 

Nine Months Ended September 30, 2024

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Product

 

$

833

 

 

$

633

 

 

$

835

 

 

$

2,301

 

Services

 

 

179

 

 

 

126

 

 

 

46

 

 

 

351

 

Revenues by segment

 

 

1,012

 

 

 

759

 

 

 

881

 

 

 

2,652

 

Total cost of revenues (exclusive of amortization shown separately below)(1)

 

 

575

 

 

 

419

 

 

 

385

 

 

 

1,379

 

Segment gross profit

 

 

437

 

 

 

340

 

 

 

496

 

 

 

1,273

 

Segment gross profit percentage

 

 

43.2

%

 

 

44.8

%

 

 

56.3

%

 

 

47.8

%

Reconciliation to income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

 

 

 

 

 

206

 

Selling, general and administrative

 

 

 

 

 

 

 

 

 

 

 

498

 

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

6

 

Restructuring and other

 

 

 

 

 

 

 

 

 

 

 

6

 

Fees and expenses related to amendments to the Term Loan Facility

 

 

 

 

 

 

 

 

 

 

 

5

 

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

184

 

Unallocated corporate expenses

 

 

 

 

 

 

 

 

 

 

 

6

 

Income from operations

 

 

 

 

 

 

 

 

 

 

 

362

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

(17

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

230

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

52

 

Other (income) expense, net

 

 

 

 

 

 

 

 

 

 

 

(3

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

100

 

 

(1)
The significant expense category and amount align with the segment-level information that is regularly provided to the CODM.
Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment

The following table sets forth capital expenditures by reportable segment:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

VSD

 

$

32

 

 

$

6

 

 

$

59

 

 

$

17

 

PSD

 

 

8

 

 

 

10

 

 

 

15

 

 

 

30

 

MSD

 

 

10

 

 

 

6

 

 

 

24

 

 

 

20

 

Total capital expenditures

 

$

50

 

 

$

22

 

 

$

98

 

 

$

67

 

The following table sets forth depreciation and amortization by reportable segment:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

VSD

 

$

9

 

 

$

11

 

 

$

31

 

 

$

33

 

PSD

 

 

11

 

 

 

12

 

 

 

37

 

 

 

38

 

MSD

 

 

65

 

 

 

64

 

 

 

190

 

 

 

191

 

Total depreciation and amortization

 

$

85

 

 

$

87

 

 

$

258

 

 

$

262

 

Segment Assets by Reportable Segment

The following tables set forth segment assets by reportable segment:

September 30, 2025

 

Accounts
 receivable, net

 

 

Inventories

 

 

Total

 

VSD

 

$

187

 

 

$

494

 

 

$

681

 

PSD

 

 

143

 

 

 

273

 

 

 

416

 

MSD

 

 

281

 

 

 

167

 

 

 

448

 

Total segment assets

 

$

611

 

 

$

934

 

 

$

1,545

 

 

 

December 31, 2024

 

Accounts
 receivable, net

 

 

Inventories

 

 

Total

 

VSD

 

$

200

 

 

$

488

 

 

$

688

 

PSD

 

 

168

 

 

 

260

 

 

 

428

 

MSD

 

 

247

 

 

 

145

 

 

 

392

 

Total segment assets

 

$

615

 

 

$

893

 

 

$

1,508

 

Reconciles Total Segment Assets to Total Assets

The following table reconciles total segment assets to total assets:

 

 

September 30, 2025

 

 

December 31, 2024

 

Total segment assets

 

$

1,545

 

 

$

1,508

 

Cash and cash equivalents

 

 

697

 

 

 

714

 

Other current assets

 

 

294

 

 

 

252

 

Property, plant and equipment, net

 

 

769

 

 

 

771

 

Right-of-use assets

 

 

275

 

 

 

238

 

Goodwill and intangible assets, net

 

 

4,759

 

 

 

4,751

 

Other assets

 

 

438

 

 

 

356

 

Total assets

 

$

8,777

 

 

$

8,590

 

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 revenues.

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Net revenues:

 

2025

 

 

2024

 

 

2025

 

 

2024

 

United States

 

$

196

 

 

$

194

 

 

$

560

 

 

$

615

 

China

 

 

236

 

 

 

192

 

 

 

674

 

 

 

561

 

South Korea

 

 

106

 

 

 

89

 

 

 

331

 

 

 

260

 

Taiwan

 

 

70

 

 

 

66

 

 

 

196

 

 

 

176

 

Singapore

 

 

60

 

 

 

60

 

 

 

195

 

 

 

171

 

Japan

 

 

56

 

 

 

65

 

 

 

183

 

 

 

177

 

Other

 

 

264

 

 

 

230

 

 

 

759

 

 

 

692

 

 

$

988

 

 

$

896

 

 

$

2,898

 

 

$

2,652