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Revenue (Tables)

7 Months Ended

9 Months Ended

Dec. 31, 2021

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Revenue by Major Customers by Reporting Segments

The Company disaggregates its revenue into the following product groups:

		For the period from inception (May 19, 2021) to December 31, 2021
		(In thousands)
Consumables		$	50,916
Equipment			9,005
		$	59,921

Substantially all revenue is recognized at a point in time. The Company disaggregates its revenue into the following product groups:

		Three Months Ended								Nine Months Ended
		September 30, 2022				October 1, 2021				September 30, 2022				October 1, 2021
		(In thousands)
Equipment		$	168,633			$	192,365			$	547,555			$	564,971
Consumables			451,632				413,603				1,381,798				1,238,929
Total		$	620,265			$	605,968			$	1,929,353			$	1,803,900

Schedule of Allowance for Credit Losses

A summary of the activity in the Company’s allowance for credit losses included within Trade receivables in the Consolidated and Combined Condensed Balance Sheets is as follows:

		Nine Months Ended September 30, 2022
		Balance at Beginning of Period				Charged to Expense, net				Write-Offs and Deductions				Foreign Currency Translation				Balance at End of Period
		(In thousands)
Allowance for credit losses		$	23,912			$	4,756			$	(4,633	)		$	(471	)		$	23,564

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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- References

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X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

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