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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2023
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:

 

 

2023

 

 

2022

 

Beginning balance, January 1(1)

 

$

96

 

 

$

40

 

Assumed deferred revenue and customer advances from Atotech Acquisition

 

 

 

 

 

36

 

Additions to deferred revenue and customer advances

 

 

167

 

 

 

180

 

Amount of deferred revenue and customer advances recognized in income

 

 

(184

)

 

 

(160

)

Ending balance, December 31(2)

 

$

79

 

 

$

96

 

 

(1)
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. Beginning deferred revenue and customer advances as of January 1, 2022 included $37 of current deferred revenue and customer advances, and $3 of long-term deferred revenue. The majority of the beginning balance in 2023 and 2022 was recognized in each year.
(2)
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. Ending deferred revenue and customer advances as of December 31, 2022 included $94 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:

 

 

Year Ended December 31, 2023

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

1,186

 

 

$

860

 

 

$

1,154

 

 

$

3,200

 

Services

 

 

218

 

 

 

152

 

 

 

52

 

 

 

422

 

Total net revenues

 

$

1,404

 

 

$

1,012

 

 

$

1,206

 

 

$

3,622

 

 

 

 

Year ended December 31, 2022

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

1,720

 

 

$

913

 

 

$

486

 

 

$

3,119

 

Services

 

 

246

 

 

 

151

 

 

 

31

 

 

 

428

 

Total net revenues

 

$

1,966

 

 

$

1,064

 

 

$

517

 

 

$

3,547

 

 

 

 

 

Year Ended December 31, 2021

 

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

1,629

 

 

$

950

 

 

$

 

 

$

2,579

 

Services

 

 

233

 

 

 

138

 

 

 

 

 

 

371

 

Total net revenues

 

$

1,862

 

 

$

1,088

 

 

$

 

 

$

2,950