Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Postemployment Benefits [Abstract]

Summary of Net Periodic Benefit Costs

The net periodic benefit costs for the defined benefit plans included the following components:

	Years Ended December 31,
	2022		2021
Service cost	$	1	$	1
Interest cost on projected benefit obligations		2		—
Amortization of actuarial net loss		1		1
	$	4	$	2

Summary of Changes in Projected Benefit Obligations and Plan Assets, and Ending Balances of Defined Benefit Plans

The changes in projected benefit obligations and plan assets, as well as the ending balance sheet amounts for the Company’s defined benefit plans, were as follows:

	Years Ended December 31,
	2022			2021
Change in projected benefit obligations:
Projected benefit obligations, beginning of year	$	34		$	36
Liabilities assumed through Atotech Acquisition		122			—
Service cost		1			1
Interest cost		2			—
Actuarial (gain) loss		(17	)		—
Benefits paid		(3	)		—
Currency translation adjustments		5			(3	)
Projected benefit obligations, end of year		144			34
Change in plan assets:
Fair value of plan assets, beginning of year		12			13
Assets assumed through Atotech Acquisition		24			—
Company contributions		1			1
Loss on plan assets		(5	)		—
Benefits paid		(1	)		(1	)
Currency translation adjustments		—			(1	)
Fair value of plan assets, end of year		31			12
Net underfunded status	$	(113	)	$	(22	)

Summary of Estimated Benefit Payments for Defined Benefit Plans for Next 10 Years

As of December 31, 2022, the estimated benefit payments for the Company’s defined benefit plans for the next 10 years were as follows:

	Estimated benefit payments
2023	$	7
2024		7
2025		8
2026		9
2027		10
2028-2032		47
	$	88

Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs

The weighted-average rates used to determine the net periodic benefit costs were as follows:

	December 31, 2022			December 31, 2021
Discount rate		3.7	%		1.0	%
Rate of increase in salary levels		3.1	%		2.0	%
Expected long-term rate of return on assets		2.6	%		1.0	%

Schedule of Defined Benefit Plan Assets

Plan assets were held in the following categories as a percentage of total plan assets:

	December 31, 2022					December 31, 2021
	Amount		Percentage			Amount		Percentage
Debt securities	$	20		65	%	$	5		41	%
Equity securities		7		22			1	6
Other		4		13			6	53
	$	31		100	%	$	12		100	%