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Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2022	Mar. 06, 2023	Jun. 30, 2022
Cover [Abstract]
Amendment Flag	false
Document Type	10-K
Document Annual Report	true
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Document Period End Date	Dec. 31, 2022
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Registrant Name	MKS INSTRUMENTS, INC.
Entity Central Index Key	0001049502
Trading Symbol	MKSI
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		66,669,254
Entity Public Float			$ 5,720,758,869
Entity File Number	0-23621
Entity Tax Identification Number	04-2277512
Entity Address, Address Line One	2 Tech Drive, Suite 201,
Entity Address, City or Town	Andover
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01810
Entity Incorporation, State or Country Code	MA
City Area Code	978
Local Phone Number	645-5500
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock
ICFR Auditor Attestation Flag	true
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Boston, Massachusetts
Documents Incorporated by Reference	Portions of the definitive Proxy Statement for our 2023 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission no later than 120 days after the close of our fiscal year ended December 31, 2022, are incorporated by reference into Part III of this Annual Report on Form 10-K.

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 909	$ 966
Short-term investments	1	76
Trade accounts receivable, net of allowance for doubtful accounts of $11 and $4 at December 31, 2022 and 2021, respectively	720	443
Inventories	977	577
Other current assets	187	85
Total current assets	2,794	2,147
Property, plant and equipment, net	800	326
Right-of-use assets	234	184
Goodwill	4,308	1,228
Intangible assets, net	3,173	576
Other assets	186	79
Total assets	11,495	4,540
Current liabilities:
Short-term debt	93	9
Accounts payable	426	168
Accrued compensation	101	132
Income taxes payable	51	25
Lease liabilities	26	18
Deferred revenue and customer advances	94	37
Other current liabilities	161	71
Total current liabilities	952	460
Long-term debt, net	4,834	808
Non-current deferred taxes	783	99
Non-current accrued compensation	138	49
Non-current lease liability	215	193
Other non-current liabilities	90	44
Total liabilities	7,012	1,653
Commitments and contingencies (Note 22)
Stockholders’ equity:
Preferred stock, $0.01 par value, 2 shares authorized; none issued and outstanding
Common stock, no par value, 200 shares authorized; 66.6 and 55.5 shares issued and outstanding at December 31, 2022 and 2021, respectively	0	0
Additional paid-in capital	2,142	907
Retained earnings	2,272	1,991
Accumulated other comprehensive income (loss)	69	(11)
Total stockholders’ equity	4,483	2,887
Total liabilities and stockholders' equity	$ 11,495	$ 4,540

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 11	$ 4
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	66,600,000	55,500,000
Common stock, shares outstanding	66,600,000	55,500,000

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net revenues:
Net revenues	$ 3,547	$ 2,950	$ 2,330
Cost of revenues:
Cost of revenues	2,000	1,570	1,281
Gross profit	1,547	1,380	1,049
Research and development	241	200	173
Selling, general and administrative	488	385	353
Acquisition and integration costs	52	30	4
Restructuring and other	10	11	10
Amortization of intangible assets	146	55	55
Gain on sale of long-lived assets	(7)	0	0
Income from operations	617	699	454
Interest income	(4)	0	(1)
Interest expense	177	25	29
Other expense, net	11	9	3
Income before income taxes	433	665	423
Provision for income taxes	100	114	73
Net income	333	551	350
Other comprehensive income, net of tax:
Changes in value of financial instruments designated as cash flow hedges	50	20	(11)
Foreign currency translation adjustments	18	(31)	35
Unrecognized pension gain (loss)	12	0	(1)
Total comprehensive income	$ 413	$ 540	$ 373
Net income per share:
Basic	$ 5.57	$ 9.95	$ 6.36
Diluted	$ 5.56	$ 9.90	$ 6.33
Weighted average common shares outstanding:
Basic	59.7	55.4	55.1
Diluted	59.9	55.7	55.3
Products [Member]
Net revenues:
Net revenues	$ 3,119	$ 2,579	$ 2,015
Cost of revenues:
Cost of revenues	1,774	1,371	1,107
Services [Member]
Net revenues:
Net revenues	428	371	315
Cost of revenues:
Cost of revenues	$ 226	$ 199	$ 174

Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2019	$ 2,022.0	$ 0.1	$ 864.0	$ 1,181.0	$ (23.0)
Beginning Balance, Shares at Dec. 31, 2019		54.6
Net issuance under stock-based plans	(21.0)		(21.0)
Net issuance under stock-based plans, Shares		0.6
Stock-based compensation	30.0		30.0
Cash dividend	(44.0)			(44.0)
Comprehensive income (net of tax):
Net income	350.0			350.0
Other comprehensive income (loss)	23.0				23.0
Ending Balance at Dec. 31, 2020	2,360.0	$ 0.1	873.0	1,487.0	0.0
Ending Balance, Shares at Dec. 31, 2020		55.2
Net issuance under stock-based plans	(4.0)		(4.0)
Net issuance under stock-based plans, Shares		0.3
Stock-based compensation	37.0		37.0
Cash dividend	(47.0)			(47.0)
Comprehensive income (net of tax):
Net income	551.0			551.0
Other comprehensive income (loss)	(11.0)				(11.0)
Ending Balance at Dec. 31, 2021	2,887.0	$ 0.1	907.0	1,991.0	(11.0)
Ending Balance, Shares at Dec. 31, 2021		55.5
Net issuance under stock-based plans	5.0		5.0
Net issuance under stock-based plans, Shares		0.4
Stock-based compensation	45.0		45.0
Shares issued for Atotech Acquisition	1,186.0		1,186.0
Shares issued for Atotech Acquisition, Shares		10.7
Cash dividend	(52.0)			(52.0)
Comprehensive income (net of tax):
Net income	333.0			333.0
Other comprehensive income (loss)	80.0				80.0
Ending Balance at Dec. 31, 2022	$ 4,483.0	$ 0.1	$ 2,142.0	$ 2,272.0	$ 69.0
Ending Balance, Shares at Dec. 31, 2022		66.6

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividend, per common share	$ 0.88	$ 0.86	$ 0.80

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 333	$ 551	$ 350
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	216	104	99
Unrealized loss (gain) on derivatives not designated as hedging instruments	13	(4)	0
Amortization of inventory step-up adjustment to fair value	52	0	0
Amortization of debt issuance costs and original issue discount	56	2	3
Gain on sale of long-lived assets	(7)	0	0
Stock-based compensation	45	37	30
Provision for excess and obsolete inventory	21	16	25
Deferred income taxes	(46)	2	(7)
Other	3	4	3
Changes in operating assets and liabilities, net of businesses acquired:
Trade accounts receivable	(4)	(53)	(45)
Inventories	(236)	(92)	(52)
Other current and non-current assets	28	0	41
Accounts payable	61	56	21
Current and non-current accrued compensation	(31)	17	19
Income taxes payable	19	1	21
Other current and non-current liabilities	6	(1)	5
Net cash provided by operating activities	529	640	513
Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired	(4,473)	(268)	0
Purchases of investments	(1)	(497)	(522)
Maturities of investments	77	478	332
Sales of investments	0	169	73
Proceeds from sale of long-lived assets	9	0	0
Purchases of property, plant and equipment	(164)	(87)	(85)
Net cash used in investing activities	(4,552)	(205)	(202)
Cash flows from financing activities:
Proceeds from borrowing, net of deferred financing fees paid	4,988	1	27
Payments of short and long-term borrowings	(962)	(15)	(84)
Payments of finance leases	(2)	0	0
Dividend payments	(52)	(47)	(44)
Net payments related to employee stock awards	(1)	(4)	(21)
Net cash provided by (used in) financing activities	3,971	(65)	(122)
Effect of exchange rate changes on cash and cash equivalents	(5)	(12)	4
(Decrease) increase in cash and cash equivalents	(57)	358	193
Cash and cash equivalents at beginning of period	966	608	415
Cash and cash equivalents at end of period	909	966	608
Cash paid during the period for:
Interest	110	23	26
Income taxes	$ 133	$ 110	$ 66

Business Description	12 Months Ended
Business Description	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description	1) Business Description MKS Instruments, Inc. (“MKS” or the “Company”) was founded in 1961 and enables technologies that transform our world. The Company delivers foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. The Company applies its broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world's leading technology and industrial companies. The Company's solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. These solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications.

Basis of Presentation

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

The Consolidated Financial Statements include the accounts of MKS Instruments, Inc. and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. As a result of rounding, there may be immaterial differences in amounts presented and certain calculations may not sum to the total number expressed in each category or tie to a corresponding schedule.

The Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates its estimates and judgments, including those related to revenue recognition and allowance for doubtful accounts, inventory valuation, warranty costs, pension plan valuations, stock-based compensation, intangible assets, goodwill, other long-lived assets, in process research and development and income taxes. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

In the first quarter of 2022, MKS updated the names of its then-three divisions in order to simplify its naming convention. These divisions, formerly known as the Vacuum & Analysis Division, the Light & Motion Division and the Equipment & Solutions Division, were renamed the Vacuum Solutions Division (“VSD”), the Photonics Solutions Division (“PSD”) and the Equipment Solutions Division (“ESD”), respectively. On August 17, 2022, the Company completed its acquisition of Atotech Limited (“Atotech” and such transaction, the “Atotech Acquisition”) and refers to the Atotech business as its Materials Solutions Division (“MSD”). During the third quarter of 2022, MKS consolidated its equipment solutions business (“ESB”), previously ESD, into a component of PSD, with prior periods recast to reflect this change. MKS' reportable segments as of December 31, 2022 consist of its current three divisions, VSD, PSD and MSD. For additional information about the Atotech Acquisition, see Note 4 to the Consolidated Financial Statements.

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3) Summary of Significant Accounting Policies Revenue from Contracts with Customers The Company accounts for revenue using Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers” (“ASC Topic 606”). The Company applies ASC Topic 606 using the following steps: • Identify the contract with a customer • Identify the performance obligations in the contract • Determine the transaction price • Allocate the transaction price to performance obligations in the contract • Recognize revenue when or as the Company satisfies a performance obligation Revenue is recognized when or as obligations under the terms of a contract with a customer has been satisfied and control has transferred to the customer. The majority of the Company's performance obligations, and associated revenue, are transferred to customers at a point in time, generally upon shipment of a product to the customer or receipt of the product by the customer and without significant judgments. The Company recognizes revenue over time for contracts relating to the manufacturing, modifications and retrofits of its plating equipment, as the equipment is built to customer specification, and the Company has an enforceable right to payment for the performance completed to date. For these sales, the Company uses the cost-to-cost input method to measure progress. In cases, where cost-to-cost is not proportionate to its progress in satisfying the performance obligation because of uninstalled materials, the Company adjusts the measure of progress and recognizes revenue to the extent of cost incurred to satisfy the performance obligation under the contract. Revenue from customized products with no alternative future use to the Company, and that have an enforceable right to payment for performance completed to date, are also recorded over time. The Company considers this to be a faithful depiction of the transfer to the customer of revenue over time as the work is performed or service is delivered. Adjustments for custom products were not material for 2022 or 2021. Installation services, other than those related to the Company's plating equipment, are not significant, are usually completed in a short period of time and, therefore, are recorded at a point in time when the installation services are completed, rather than over time, as they are not material. Extended warranty, service contracts, and repair services, which are transferred to the customer over time, are recorded as revenue as the services are performed. For repair services, the Company makes an accrual at each quarter end based upon historical repair times within its product groups to record revenue based upon the estimated number of days completed to date, which is consistent with ratable recognition. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Performance obligations promised in a contract are identified based on the products or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the product or service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the product or service is separately identifiable from other promises in the contract. Sales, value add, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company’s normal payment terms are 30 to 60 days, but vary by the type and location of its customers and the products or services offered. For certain products and services and customer types, the Company requires payment before the products or services are delivered to, or performed for, the customer. None of the Company’s contracts as of December 31, 2022 contained a significant financing component. Contracts with Multiple Performance Obligations The Company periodically enters into contracts with its customers in which a customer may purchase a combination of goods and or services, such as products with installation services or extended warranties. These contracts include multiple promises that the Company evaluates to determine if the promises are separate performance obligations. Once the Company determines the performance obligations, the Company then determines the transaction price, which includes estimating the amount of variable consideration to be included in the transaction price, if any. To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the expected value method or the most likely amount method depending on the method the Company expects to better predict the amount of consideration to which it will be entitled. There are no constraints on the variable consideration recorded. The Company then allocates the transaction price to each performance obligation in the contract based on a relative stand-alone selling price charged separately to customers or using an expected cost-plus-margin method. The corresponding revenues are recognized when or as the related performance obligations are satisfied, which are noted above. The Company’s standard assurance warranty period is normally 12 to 24 months. The Company sells separately priced service contracts and extended warranty contracts related to certain of its products. The separately priced contracts generally range from 12 to 60 months. The Company normally receives payment at the inception of the contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the obligations under the contract. The Company has elected to use the practical expedient related to disclosing the remaining performance obligations as of December 31, 2022 and 2021, as the majority have a duration of less than one year. Costs to Obtain and Fulfill a Contract The Company expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administration expenses. The Company has elected to recognize the costs for freight and shipping when control over products has transferred to the customer as an expense in cost of sales. Accounts Receivable Allowances Accounts receivable allowances include sales returns and bad debt allowances. The Company monitors and tracks the amount of product returns and reduces revenue at the time of shipment for the estimated amount of such future returns, based on historical experience. The Company makes estimates evaluating its allowance for doubtful accounts. The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon its historical experience, current economic conditions and any specific customer collection issues that it has identified. Research and Development Research and development costs are expensed as incurred and consist mainly of compensation-related expenses and project materials. The Company’s research and development efforts include numerous projects, which generally have a duration of 3 to 36 months. Acquired in-process research and development (“IPR&D”) expenses, if acquired in a business combination, are capitalized at fair value as an intangible asset until the related project is completed, and are then amortized over the estimated useful life of the product. The Company monitors projects and, if they are abandoned, the Company writes them off. Advertising Costs Advertising costs are expensed as incurred and were immaterial in 2022, 2021 and 2020. Leases The Company accounts for leases under ASC Topic 842, “Leases” (“ASC Topic 842”). Under ASC Topic 842, a contract is or contains a lease when the Company has the right to control the use of the identified asset. The Company determines if an arrangement is a lease at inception of the contract, which is the date on which the terms of the contract are agreed to and the agreement creates enforceable rights and obligations. The commencement date of the lease is the date that the lessor makes an underlying asset available for use. The Company determines if the lease is an operating or finance lease at the lease commencement date based upon the terms of the lease and the nature of the asset. The lease term used to calculate the lease liability includes options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The Company has finance leases related to certain facilities it acquired as part of the Atotech Acquisition. The Company measures the lease liability as the present value of future lease payments, discounted using the discount rate for the lease at the commencement date. The Company is typically unable to determine the implicit interest rate, so it uses an incremental borrowing rate based on the lease term and economic environment at commencement date. The right of use (“ROU”) asset is initially measured as the amount of the lease liability, adjusted for any initial lease costs, prepaid lease payments and reduced by any lease incentives. The Company’s contracts often include non-lease components such as common area maintenance. MKS has elected the practical expedient to account for the lease and non-lease components as a single lease component. For leases with a term of one year or less the Company has elected not to record the lease asset or liability. The lease payments are recognized in the consolidated statement of earnings on a straight-line basis over the lease term. The Company includes lease costs within cost of revenues and operating expenses. Stock-Based Compensation The accounting for share-based compensation expense requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. For restricted stock units (“RSUs”), the fair value is measured on the date of grant and expensed normally over a three-year period. The Company also provides certain employees with the opportunity to purchase shares through its 2014 Employee Stock Purchase Plan (“2014 ESPP”). The Company estimates the fair value of shares issued under the 2014 ESPP using the Black-Scholes pricing model, which incorporates a number of complex and subjective variables, including expected stock price volatility over the term of the awards, expected life, risk-free interest rate and expected dividends. Management determined that blended volatility, a combination of historical and implied volatility, is more reflective of market conditions and a better indicator of expected volatility than historical or implied volatility alone. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and the Company uses different assumptions, stock-based compensation expense could be materially different in the future. Accumulated Other Comprehensive Income For foreign subsidiaries where the functional currency is the local currency, assets and liabilities are translated into U.S. dollars at the current exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are recorded to Accumulated Other Comprehensive Income (“OCI”). Unrealized gains and losses on securities classified as available-for-sale and unrecognized pension gains and losses are included in OCI in consolidated stockholders’ equity. For derivative instruments designated as cash-flow hedges and interest rate swap hedges, the effective portion of the derivative’s gain (loss) is initially reported as a component of OCI and is subsequently recognized in earnings when the hedged exposure is recognized in earnings. Net Income Per Share Basic net income per share is based on the weighted average number of common shares outstanding and diluted net income per share is based on the weighted average number of common shares outstanding and all potential dilutive common equivalent shares outstanding. The dilutive effect of equity awards is determined under the treasury stock method using the average market price for the period. Common equivalent shares are included in the per share calculations when the effect of their inclusion would be dilutive. Cash and Cash Equivalents and Investments All highly liquid investments with a maturity date of three months or less at the date of purchase are considered to be cash equivalents. The appropriate classification of investments in securities is determined at the time of purchase. Debt securities that the Company does not have the intent and ability to hold to maturity are classified as “available-for-sale” and are carried at fair value. The Company classifies investments with maturity dates greater than twelve months in short-term investments rather than long-term investments. This method classifies these securities as current based on the nature of the securities and the availability for use in current operations. The Company believes this method is preferable because it is more reflective of the Company’s assessment of its overall liquidity position. The Company reviews its investment portfolio on a quarterly basis to identify and evaluate individual investments that have indications of possible impairment. The factors considered in determining whether a loss is other-than-temporary include: the length of time and extent to which fair market value has been below the cost basis, the financial condition and near-term prospects of the issuer, credit quality, and the Company’s ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value. Concentrations of Credit Risk The Company’s significant concentrations of credit risk consist principally of cash and cash equivalents, foreign exchange forward contracts, interest rate swaps and trade accounts receivable. The Company maintains cash and cash equivalents with financial institutions, including some banks with which it has borrowings. The Company enters into foreign exchange forward contracts with high credit-quality financial institutions in order to minimize credit risk exposure. The Company’s largest customers are primarily concentrated in the semiconductor industry, and a limited number of these customers account for a significant portion of the Company’s revenues. The Company regularly monitors the creditworthiness of its customers and believes it has adequately provided for potential credit loss exposures. Credit is extended for all customers based primarily on financial condition, and collateral is not required. During 2022, 2021 and 2020, approximately 58%, 62%, and 59% of the Company’s net revenues, respectively, were from sales to customers in the semiconductor market. No single customer represented greater than 10% of the Company’s accounts receivable balance as of December 31, 2022. One customer represented approximately 18% of the Company's accounts receivable balance as of December 31, 2021. Inventories Inventories are stated at the lower of cost or net realizable value, cost being determined using a standard costing system that approximates actual cost, based on a first-in, first-out method. The Company regularly reviews inventory quantities on hand and records a provision to write-down excess and obsolete inventory to its estimated net realizable value, if less than cost, based primarily on its estimated forecast of product demand. Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for major renewals and betterments that extend the useful lives of property, plant and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is recognized in earnings. Depreciation is provided on the straight-line method over the estimated useful lives of ten to fifty years for buildings and building improvements, and three to eighteen years for machinery and equipment, furniture and fixtures, office equipment and software. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the leased asset. Acquisition Accounting The fair value of the consideration exchanged in a business combination is allocated to tangible assets and identifiable intangible assets acquired and liabilities assumed at acquisition date fair value. Goodwill is measured as the excess of the consideration transferred over the net fair value of identifiable assets acquired and liabilities assumed. The accounting for an acquisition involves a considerable amount of judgement and estimation. Cost, income, market or a combination of approaches may be used to establish the fair value of consideration exchanged, assets acquired, and liabilities assumed, depending on the nature of those items. The valuation approach is determined in accordance with generally accepted valuation methods. Key areas of estimation and judgment may include the selection of valuation approaches, cost of capital, market characteristics, cost structure, impacts of synergies, and estimates of terminal value, among other factors. While the Company uses estimates and assumptions as part of the purchase price allocation process to estimate the value of assets acquired and liabilities assumed, estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill, to the extent that adjustments are identified to the preliminary purchase price allocation. Upon conclusion of the measurement period, or final determination of the value of the assets acquired and liabilities assumed, whichever comes first, any subsequent adjustments are recorded to results of operations. Intangible Assets Intangible assets resulting from the acquisitions of businesses are estimated by management based on the fair value of assets acquired. These include acquired customer lists, technology, trademarks, trade names and IPR&D. Intangible assets are amortized from one to eighteen years on a straight-line basis which represents the estimated periods of benefit and the expected pattern of consumption. Goodwill Goodwill is the amount by which the cost of acquired net assets exceeded the fair value of those net assets on the date of acquisition. The Company allocates goodwill to reporting units at the time of acquisition or when there is a change in the reporting structure and bases that allocation on which reporting units will benefit from the acquired assets and liabilities. Reporting units are defined as operating segments or one level below an operating segment, referred to as a component. The Company assesses goodwill for impairment on an annual basis as of October 31 or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. The estimated fair value of the Company’s reporting units is based on discounted cash flow models derived from internal earnings and internal and external market forecasts. Determining fair value requires the exercise of significant judgment, including judgments about appropriate discount and terminal growth rates, as well as forecasted revenue, gross profit and operating expenses. Discount rates are based on a weighted average cost of capital (“WACC”), which represents the average rate a business must pay its providers of debt and equity. The WACC used to test goodwill is derived from a group of comparable companies. Assumptions in estimating future cash flows are subject to a high degree of judgment and complexity. The Company makes every effort to forecast these future cash flows as accurately as possible with the information available at the time the forecast is developed. In performing the Company’s annual goodwill impairment test, the Company is permitted to first assess qualitative factors to determine whether it is more likely than not that the fair value of the Company’s reporting unit exceeds its carrying amount, including goodwill. In performing the qualitative assessment, the Company considers certain events and circumstances specific to the reporting unit and to the entity as a whole, such as macroeconomic conditions, industry and market considerations, overall financial performance and cost factors when evaluating whether it is more likely than not that the fair value of the reporting unit exceeds its carrying amount. The Company is also permitted to bypass the qualitative assessment and proceed directly to the quantitative test. If the Company chooses to undertake the qualitative assessment and concludes that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, the Company would then proceed to the quantitative impairment test. In the quantitative assessment, the Company compares the fair value of the reporting unit to its carrying amount, which includes goodwill. If the fair value exceeds the carrying value, no impairment loss exists. If the fair value is less than the carrying amount, a goodwill impairment loss is measured and recorded. As of October 31, 2022, the Company performed its annual impairment assessment of goodwill by performing a qualitative analysis for all of its reporting units and determined that it is more likely than not that the fair values of the reporting units exceed their carrying amounts. Impairment of Long-Lived Assets The Company evaluates the recoverability of its long-lived assets whenever events and changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. This periodic review may result in an adjustment of estimated depreciable lives or asset impairment. When indicators of impairment are present, the carrying values of the asset are evaluated in relation to their operating performance and future undiscounted cash flows of the underlying business. If the future undiscounted cash flows are less than their carrying value, impairment exists. The impairment is measured as the difference between the carrying value and the fair value of the underlying asset. Fair values are based on estimates of market prices and assumptions concerning the amount and timing of estimated future cash flows and assumed discount rates, reflecting varying degrees of perceived risk. Foreign Exchange The functional currency of the majority of the Company’s foreign subsidiaries is the applicable local currency. For those subsidiaries, assets and liabilities are translated to U.S. dollars at year-end exchange rates. Income and expense accounts are translated at the average exchange rates prevailing during the year. The resulting translation adjustments are included in accumulated other comprehensive income (loss) in consolidated stockholders’ equity. Foreign exchange transaction gains and losses are classified in other income/expense in the statement of operations and comprehensive income. Net foreign exchange losses resulting from re-measurement were $5, $9, and $4 for the years ended December 31, 2022, 2021, and 2020, respectively, and are included in other expense, net. These amounts do not reflect the corresponding gain (loss) from foreign exchange forward contracts, which are included in cost of sales. See Note 8 regarding foreign exchange forward contracts. Employee Benefit Plans The majority of the Company’s employees participate in defined contribution plans, whereby the Company, at its discretion, makes certain matching contributions based on participating employees’ annual contribution to the plan and their total compensation. The Company also has defined benefit retirement plans at certain of its foreign subsidiaries. The Company accounts for these plans based on the provisions of ASC Topic 715, “Compensation-Retirement Benefits.” Some of the key assumptions used to calculate the pension expense and projected benefit obligation include the discount rate, rate of forecasted salary increases, the expected long-term rate of return on plan assets and expected mortality. The obligation for these claims and the related periodic costs are measured using actuarial techniques and assumptions. Actuarial gains and losses are deferred and amortized over future periods. Income Taxes The Company records income taxes using the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and also for operating loss and tax credit carryforwards. On a quarterly basis, the Company evaluates both the positive and negative evidence that affects the realizability of net deferred tax assets and assesses the need for a valuation allowance. The future benefit to be derived from its deferred tax assets is dependent upon its ability to generate sufficient future taxable income in each jurisdiction of the right type to realize the assets. The Company records a valuation allowance to reduce its net deferred tax assets to the amount that is expected to be realized. To the extent the Company establishes a valuation allowance an expense will be recorded as a component of the provision for income taxes on the statement of operations. Accounting for income taxes requires a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if, based on the technical merits, it is more likely than not that the position will be sustained upon audit, including resolutions of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company re-evaluates these uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit and new audit activity. Any change in these factors could result in the recognition of a tax benefit or an additional charge to the tax provision. Income tax effects resulting from changes in tax law are accounted for by the Company in the period in which the law is enacted and the effects are recorded as a component of provision for income taxes from continuing operations. Derivatives As a result of the Company's global operating activities and variable interest rate borrowings, the Company is exposed to market risks from changes in foreign currency exchange rates and interest rates, which may adversely affect its operating results and financial position. The Company enters into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments and those utilized as economic hedges. The Company does not enter into derivative instruments for trading or speculative purposes. The Company used derivative instruments, such as foreign exchange forward contracts and options, to manage certain foreign currency exposure, and interest rate swaps and interest rate caps to manage interest rate exposure. Changes in fair value of derivative instruments are recognized in the consolidated statement of operations or, if hedge accounting is applied, in other comprehensive income for the effective portion of the changes in fair value. The cash flows resulting from foreign exchange forward contracts are classified in the consolidated statements of cash flows as part of cash flows from operating activities. All derivatives are stated at fair value in the balance sheet. Accounting principles for qualifying hedges require detailed documentation that describes the relationship between the hedging instrument and the hedged item, including, but not limited to, the risk management objectives and hedging strategy and the methods to assess the effectiveness of the hedging relationship. The Company assesses the hedging relationships, both at the inception of the hedge and on an ongoing basis, using either the critical terms matching approach or a regression analysis approach to determine whether the designated hedging instrument is highly effective in offsetting changes in the value of the hedged item. By nature, all financial instruments involve market and credit risks. The Company enters into derivative instruments with major investment grade financial institutions, for which no collateral is required. The Company has policies to monitor the credit risk of these counterparties. While there can be no assurance, the Company does not anticipate any material non-performance by any of these counterparties.

Acquisition

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Acquisition

Acquisitions

Atotech

On August 17, 2022 (the “Effective Date”), the Company completed the Atotech Acquisition, through the acquisition of the entire issued share capital of Atotech by Atotech Manufacturing, Inc. (“Bidco”), a Delaware corporation and indirect wholly owned subsidiary of the Company. The Atotech Acquisition was implemented by means of a scheme of arrangement under the laws of Jersey (the “Scheme”) pursuant to the definitive agreement entered into by the Company and Atotech on July 1, 2021, as amended by the Letter Agreement dated October 29, 2021 by and among the Company, Atotech and Bidco, and as further amended by the Amendment to the Implementation Agreement dated April 1, 2022 by and among the Company, Atotech and Bidco (together, the “Implementation Agreement”).

Atotech, which the Company operates as MSD, develops leading process and manufacturing technologies for advanced surface modification, electroless and electrolytic plating, and surface finishing. Applying a comprehensive systems-and-solutions approach, Atotech's portfolio includes chemistry, equipment, software, and services for innovative and high-technology applications in a wide variety of end markets. Atotech further broadens the Company's capabilities by bringing leadership in critical chemistry solutions for electronics and packaging and specialty industrial applications.

On the Effective Date, pursuant to the Scheme and in accordance with the terms and conditions of the Implementation Agreement, Bidco acquired each issued and outstanding ordinary share of Atotech in exchange for per share consideration of $16.20 in cash and 0.0552 of a share of Company common stock. The Company funded the payment of the aggregate cash consideration with a combination of cash on hand and the proceeds from the New Term Loan Facility, as defined in Note 14. As a result of the Atotech Acquisition, the Company issued an aggregate of 10.7 shares of Company common stock to the former Atotech shareholders.

The purchase price of Atotech consisted of the following:


Cash consideration to Atotech stockholders, net	$	2,886
Value of MKS shares issued		1,186
Repayment of Atotech debt(1)		1,545
Settlement of Atotech share-based awards(2)		47
Total purchase price, net of cash and cash equivalents acquired	$	5,664

(1)

Represents the cash paid for the outstanding principal of Atotech's senior secured term loans.

(2)

Represents the amount paid to the holders of Atotech options that became fully vested on the Effective Date and the fair value of vested but unissued Atotech share-based awards.

Under the acquisition method of accounting, the total purchase price is allocated to the estimated acquired tangible and intangible assets and assumed liabilities of Atotech based on their fair values as of the Effective Date, except for contract assets and liabilities, which remain at book value in accordance with ASC Topic 606. Any excess of the acquisition consideration over the fair value of assets acquired and liabilities assumed is allocated to goodwill and

none of this goodwill or intangible assets will be deductible for tax purposes. The Company believes the amount of goodwill relative to identifiable intangible assets relates to several factors, including (1) broadening its position in key industrial end markets to offer complementary solutions, and (2) leveraging component and systems expertise to provide robust solutions to meet its customers’ evolving technology needs.

The following table summarizes the allocation of the purchase price to the preliminary fair values assigned to assets acquired and liabilities assumed at the Effective Date:


Cash and cash equivalents	$	238
Trade accounts receivable		283
Inventories		244
Other current assets		104
Property, plant and equipment		381
Intangible assets		2,726
Goodwill		3,064
Other assets		131
Total assets acquired		7,171
Accounts payable		194
Other current liabilities		166
Non-current deferred taxes		729
Non-current accrued compensation		99
Other non-current liabilities		81
Total liabilities assumed		1,269
Fair value of assets acquired and liabilities assumed		5,902
Less: Cash and cash equivalents acquired		(238	)
Total purchase price, net of cash and cash equivalents acquired	$	5,664

The allocation of purchase consideration to the estimated acquired tangible and intangible assets and assumed liabilities of Atotech is preliminary and subject to change during the measurement period. While the Company uses its best estimates and assumptions as part of the purchase price allocation process to value the assets acquired and liabilities assumed on the Effective Date, its estimates and assumptions are subject to refinement. The fair value of the acquired intangible assets was determined using the income approach. In performing these valuations, the key underlying assumptions used included the appropriate discount rates as well as forecasted revenue growth rates, gross profit and operating expenses. Fair value estimates are based on a complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions. The judgments used to determine the estimated fair value assigned to each class of assets acquired and liabilities assumed, as well as asset lives, can materially impact the Company's results of operations. The finalization of the purchase accounting assessment may result in a change in the valuation of assets acquired and liabilities assumed and may have a material impact on the Company's results of operations and financial position. As a result, during the measurement period, which may be up to one year from the Effective Date, the Company records adjustments to the assets acquired and liabilities assumed with a corresponding offset to goodwill to reflect additional information received about facts and circumstances which existed at the Effective Date. The Company records adjustments to the assets acquired and liabilities assumed subsequent to the purchase price allocation period in the Company's operating results in the period in which the adjustments are determined.

The preliminary valuations were based on the information that was available through the filing date of this Annual Report on Form 10-K that existed as of the Effective Date and the expectations and assumptions that have been deemed reasonable by the Company's management. The size and breadth of the Atotech Acquisition may necessitate the use of this one-year measurement period to adequately analyze and assess a number of the factors used in establishing the fair value of certain tangible and intangible assets acquired and liabilities assumed as of the Effective Date and the related tax impacts of any changes made. The Company is still evaluating the tax impact of the assets acquired and liabilities assumed. Any potential adjustments made could be material in relation to the preliminary values presented above.

The following table reflects the preliminary allocation of the acquired intangible assets and related estimate of useful lives at the Effective Date:


Customer relationships	$	1,756	11-14 years
Completed technology		595	8-9 years
Trade names		145	16 years
Backlog		40	1.5 years
In-process research and development		190
	$	2,726

The acquired intangible assets are being amortized on a straight-line basis, which approximates the economic use of the assets over their estimated useful lives. Upon completion of the related projects, we expect the in-process research and development intangible asset to be amortized over its estimated useful live of eight to nine years.

The results of this acquisition were included in the Company's consolidated statement of operations beginning on August 17, 2022. The Atotech business constitutes the Company's MSD reportable segment (see Note 20). The net loss of MSD since the Effective Date was not material.

During the year ended 2022, the Company recognized acquisition and integration costs of $52, substantially all of which related to the Atotech Acquisition.

During the fourth quarter of 2022, the Company recorded adjustments to balances reported as of, and for the period ended, September 30, 2022, resulting from foreign currency translation of the preliminary allocation of intangible assets and goodwill from the Atotech Acquisition in August 2022 and the related effect on cumulative translation adjustment and deferred tax liabilities. The adjustments recorded were to correct an overstatement of goodwill of $43, intangible assets, net of $56, and non-current deferred tax liabilities of $38, and an understatement of accumulated other comprehensive income and other comprehensive income of $61. These adjustments that the Company recorded did not affect net income, earnings per share or the statement of cash flows. The Company assessed these adjustments in accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99 and SAB No. 108 and determined they were not material to the interim financial statements taken as a whole.

Pro Forma Results

The following unaudited pro forma financial information presents the combined results of operations of the Company as if the Atotech Acquisition had occurred on January 1, 2021. The unaudited pro forma financial information is not necessarily indicative of what the Company's consolidated results of operations actually would have been had the acquisition occurred on the assumed date. In addition, the unaudited pro forma financial information does not attempt to project the future results of operations of the combined Company.


	Years Ended December 31,
	2022		2021
Total net revenues	$	4,450	$	4,450
Net income	$	197	$	292

The unaudited pro forma information for the year ended December 31, 2022 and 2021 give effect primarily to the following:

•

Applying the Company's accounting policies;

•

Incremental interest expense related to the New Term Loan Facility;

•

Incremental amortization of acquired intangible assets related to the estimated fair value from the purchase price allocation;

•

The exclusion of inventory step-up amortization in 2022 and the addition of this amortization to 2021;

•

Incremental depreciation of acquired property, plant and equipment related to the estimated fair value from the purchase price allocation;

•

Incremental compensation expense for share-based compensation arrangements; and

•

The estimated tax impact of the above adjustments.

Photon Control

On July 15, 2021, the Company completed its acquisition of Photon Control Inc. (“Photon Control”), a Canadian corporation (the “Photon Control Acquisition”), pursuant to a definitive agreement (the “Arrangement Agreement”). Photon Control designs, manufactures and distributes a wide range of optical sensors and systems to measure temperature and position used in semiconductor wafer fabrication. At the effective time of the Photon Control Acquisition and pursuant to the terms and conditions of the Arrangement Agreement, each share of Photon Control’s common stock issued and outstanding as of immediately prior to the effective time of the Photon Control Acquisition, was converted into the right to receive CAD 3.60 per share in cash, without interest and subject to deduction for any required withholding tax. The Company funded the payment of the aggregate consideration with available cash on hand. Photon Control is included in the Company’s PSD segment.

The purchase price of Photon Control consisted of the following:


Cash paid for outstanding shares	$	302
Less: Cash and cash equivalents acquired		(34	)
Total purchase price, net of cash and cash equivalents acquired	$	268

Under the acquisition method of accounting, the total estimated acquisition consideration is allocated to the acquired tangible and intangible assets and assumed liabilities of Photon Control based on their fair values as of the acquisition date. Any excess of the acquisition consideration over the fair value of assets acquired and liabilities assumed is allocated to goodwill. The Company expects that none of such goodwill or intangible assets will be deductible for tax purposes. The Company believes the amount of goodwill relative to identifiable intangible assets relates to enhancing the Company’s Surround the Wafer® offering by adding optical sensors for temperature control for critical etch and deposition applications in semiconductor wafer fabrication.

The following table summarizes the allocation of the purchase price to the fair values assigned to assets acquired and liabilities assumed at the date of the Photon Control Acquisition:


Current assets	$	51
Intangible assets		121
Goodwill		168
Other non-current assets		9
Total assets acquired		349
Current liabilities		14
Non-current deferred taxes		32
Other non-current liabilities		1
Total liabilities assumed		47
Fair value of assets acquired and liabilities assumed		302
Less: Cash and cash equivalents acquired		(34	)
Total purchase price, net of cash and cash equivalents acquired	$	268

The acquired intangible assets are being amortized on a straight-line basis, which approximates the economic use of the assets over their estimated useful lives.

The following table reflects the allocation of the acquired intangible assets and related estimate of useful lives:

The fair value of the acquired intangible assets was determined using the income approach. In performing these valuations, the key underlying assumptions used included the appropriate discount rates as well as forecasted revenue growth rates, gross profit and operating expenses. Fair value estimates are based on complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions. The valuations were based on the information that was available as of the acquisition date and the expectations and assumptions that have been deemed reasonable by the Company’s management. There are inherent uncertainties and management judgment required in

these determinations. This acquisition resulted in a purchase price that exceeded the estimated fair value of tangible and intangible assets, the excess amount of which was allocated to goodwill.

The results of operations of the Photon Control business from the Photon Control Acquisition closing date of July 15, 2021 through December 31, 2021, were not material to the Company's results of operations. The acquisition was also not material to the Company’s results of operations, for the periods presented, on a pro forma basis.

Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Contract assets as of December 31, 2022 and 2021 were $46 and $4, respectively, and were included in other current assets. The increase is attributable to the Atotech Acquisition.

A roll forward of the Company’s deferred revenue and customer advances is as follows:


	2022			2021
Beginning balance, January 1(1)	$	40		$	37
Assumed deferred revenue and customer advances from Atotech Acquisition		36			—
Additions to deferred revenue and customer advances		180			172
Amount of deferred revenue and customer advances recognized in income		(160	)		(169	)
Ending balance, December 31(2)	$	96		$	40

(1)

Beginning deferred revenue and customer advances as of January 1, 2022 included $16 of current deferred revenue, $3 of long-term deferred revenue and $21 of current customer advances. Beginning deferred revenue and customer advances as of January 1, 2021 included $18 of current deferred revenue, $6 of long-term deferred revenue and $13 of current customer advances. The majority of the beginning balance in 2022 and 2021 was recognized in each year.

(2)

Ending deferred revenue and customer advances as of December 31, 2022 included $15 of current deferred revenue, $2 of long-term deferred revenue and $79 of current customer advances. Ending deferred revenue and customer advances as of December 31, 2021 included $16 of current deferred revenue, $3 of long-term deferred revenue and $21 of current customer advances.

Disaggregation of Revenue

The following table summarizes revenue from contracts with customers:


	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


	Year Ended December 31, 2020
	VSD		PSD		MSD		Total
Net revenues:
Products	$	1,222	$	793	$	—	$	2,015
Services		184		131		—		315
Total net revenues	$	1,406	$	924	$	—	$	2,330

Refer to Note 20 for revenue by reportable segment, geography and groupings of similar products.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Investments

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Investments

The following table shows the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments:


As of December 31, 2022	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Short-term investments:
Available-for-sale investments:
Time deposits and certificates of deposit	$	1	$	—	$	—	$	1
	$	1	$	—	$	—	$	1


As of December 31, 2022:	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Long-term investments:
Available-for-sale investments:
Group insurance contracts	$	5	$	1	$	—	$	6


As of December 31, 2021:	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Short-term investments:
Available-for-sale investments:
Time deposits and certificates of deposit	$	22	$	—	$	—	$	22
Commercial paper		42		—		—		42
U.S. treasury obligations		11		—		—		11
U.S. agency obligations		1		—		—		1
	$	76	$	—	$	—	$	76


As of December 31, 2021	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Long-term investments:
Available-for-sale investments:
Group insurance contracts	$	5	$	1	$	—	$	6

The tables above, which show the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments as of December 31, 2022 and 2021, reflect the inclusion within short-term investments of investments with contractual maturities greater than one year from the date of purchase. Management has the ability, if necessary, to liquidate any of its investments in order to meet the Company’s liquidity needs in the next 12 months. Accordingly, those investments with contractual maturities greater than one year from the date of purchase are classified as short-term on the accompanying balance sheets.

Interest income is accrued as earned. Dividend income is recognized as income on the date the security trades “ex-dividend.” Realized gains or losses are reflected in income and were not material in 2022, 2021 and 2020.

Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

In accordance with the provisions of fair value accounting, a fair value measurement assumes that the transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability and defines fair value based upon an exit price model.

The fair value measurement guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value:


Level 1		Quoted prices in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.
Level 2		Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments or securities or derivative contracts that are valued using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data.
Level 3		Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company categorizes such assets and liabilities based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset.

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2022, are summarized as follows:


			Fair Value Measurements at Reporting Date Using
Description	December 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	60	$	60	$	—	$	—
Available-for-sale securities:
Time deposits and certificates of deposit		1		—		1		—
Group insurance contracts		6		—		6		—
Derivatives
Foreign exchange forward contracts		7		—		7		—
Interest rate hedge-non-current		104		—		104		—
Pension and deferred compensation plan assets		17		—		17		—
Total assets	$	195	$	60	$	135	$	—
Liabilities:
Derivatives
Foreign exchange forward contracts	$	8	$	—	$	8	$	—
Total liabilities	$	8	$	—	$	8	$	—
Reported as follows:
Assets:
Cash and cash equivalents	$	60	$	60	$	—	$	—
Short-term investments		1		—		1		—
Other current assets		8		—		8		—
Total current assets	$	69	$	60	$	9	$	—
Other assets	$	126	$	—	$	126	$	—
Liabilities:
Other current liabilities	$	8	$	—	$	8	$	—

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2021, are summarized as follows:


			Fair Value Measurements at Reporting Date Using
Description	December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	55	$	55	$	—	$	—
U.S. treasury obligations		175		—		175		—
Available-for-sale securities:
Time deposits and certificates of deposit		22		—		22		—
Commercial paper		42		—		42		—
U.S. treasury obligations		12		—		12		—
U.S. agency obligations		1		—		1		—
Group insurance contracts		6		—		6		—
Derivatives-foreign exchange forward contracts		4		—		4		—
Derivatives-foreign currency options		3		—		3		—
Derivatives-interest rate hedge-non-current		9		—		9		—
Funds in investments and other assets:
Israeli pension assets		20		—		20		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		2		—		2		—
Total assets	$	351	$	55	$	296	$	—
Liabilities:
Derivatives – foreign exchange forward contracts	$	1	$	—	$	1	$	—
Derivatives – interest rate hedge – non-current		5		—		5		—
Total liabilities	$	6	$	—	$	6	$	—
Reported as follows:
Assets:
Cash and cash equivalents	$	230	$	55	$	175	$	—
Short-term investments		77		—		77		—
Other current assets		7		—		7		—
Total current assets	$	314	$	55	$	259	$	—
Long-term investments	$	6	$	—	$	6	$	—
Other assets		31		—		31		—
Total long-term assets	$	37	$	—	$	37	$	—
Liabilities:
Other current liabilities	$	1	$	—	$	1	$	—
Other liabilities	$	5	$	—	$	5	$	—

Other Fair Value Disclosures

The estimated fair value and carrying value of the Company’s debt as of December 31, 2022 and 2021 is as follows:


	2022				2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt, excluding deferred financing costs	$	5,122	$	5,071	$	825	$	824

The estimated fair value of the Company’s debt was determined using available market information based on recent trades or activity of debt instruments with substantially similar risks, terms and maturities, which fall within Level 2 under the fair value hierarchy.

Money Market Funds

Money market funds are cash and cash equivalents and are classified within Level 1 of the fair value hierarchy.

Pension and Deferred Compensation Plan Assets

The pension and deferred compensation plan assets represent investments in mutual funds, exchange traded funds, government securities and other time deposits. These investments are set aside for retirement benefits of certain of the Company's subsidiaries.

Derivatives

As a result of the Company’s global operating activities, the Company is exposed to market risks from changes in foreign currency exchange rates and variable interest rates, which may adversely affect its operating results and financial position. When deemed appropriate, the Company minimizes its risks from foreign currency exchange rate and interest rate fluctuations through the use of derivative financial instruments. The principal market in which the Company executes its foreign exchange forward contracts, options and interest rate swaps is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. The foreign exchange forward contracts, options and interest rate hedge are valued using broker quotations, or market transactions and are classified within Level 2 of the fair value hierarchy.

Derivatives

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

Foreign Exchange Forward Contracts

The Company hedges a portion of its forecasted foreign currency-denominated intercompany sales of inventory, over a maximum period of eighteen months, using foreign exchange forward contracts accounted for as cash-flow hedges. To the extent these derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the hedge accounting criteria, changes in the derivatives' fair value are not included in current earnings but are included in other comprehensive income (“OCI”) in stockholders' equity. These changes in fair value will subsequently be reclassified into earnings, as applicable, when the forecasted transaction occurs. To the extent that a previously designated hedging transaction is no longer an effective hedge, any ineffectiveness measured in the hedging relationship is recorded in earnings in the period it occurs. The cash flows resulting from foreign exchange forward contracts are classified in the consolidated statements of cash flows as part of cash flows from operating activities. The Company does not enter into derivative instruments for trading or speculative purposes.

The Company also enters into foreign exchange forward contracts to hedge against changes in the balance sheet for certain subsidiaries to mitigate the risk associated with certain foreign currency transactions in the ordinary course of business. These derivatives are not designated as cash flow hedging instruments and gains or losses from these derivatives are recorded immediately in other (income) expense, net.

As of December 31, 2022 and 2021, the Company had outstanding foreign exchange forward contracts. The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of December 31, 2022 and 2021:


	December 31, 2022
Currency Hedged (Buy/Sell)	Net Notional Value		Fair Value Asset (Liability)
U.S. dollar/Japanese yen	$	57	$	—
U.S. dollar/South Korean won		75		(4	)
U.S. dollar/Taiwan dollar		33		1
U.S. dollar/U.K. pound sterling		7		—
U.S. dollar/Singapore dollar		1		—
U.S. dollar/Chinese renminbi		9		—
euro/U.S. dollar		485		1
euro/Chinese renminbi		31		1
U.K. pound sterling/euro		4		—
Total	$	702	$	(1	)


	December 31, 2021
Currency Hedged (Buy/Sell)	Net Notional Value		Fair Value Asset
U.S. dollar/Japanese yen	$	60	$	2
U.S. dollar/South Korean won		108		1
U.S. dollar/euro		15		—
U.S. dollar/U.K. pound sterling		11		—
U.S. dollar/Taiwan dollar		47		—
Total	$	241	$	3

The following table provides a summary of the net gain (loss) on derivatives designated as cash flow hedging instruments:


	Years Ended December 31,
Foreign exchange forward contracts:	2022		2021			2020
Net gain (loss) recognized in accumulated OCI	$	50	$	20		$	(11	)
Net gain (loss) reclassified from accumulated OCI into income	$	18	$	(2	)	$	2

The net amount of existing gains as of December 31, 2022 expected to be reclassified from OCI into earnings within the next 12 months is immaterial.

Interest Rate Swap and Interest Rate Cap Agreements

The Company has various interest rate swap agreements that exchange a forward-looking term rate based on the variable secured overnight financing rate (“Term SOFR”) paid on the outstanding balance of its New Term Loan Facility, as defined and further described in Note 14, to a fixed rate. The Company acquired USD LIBOR interest rate cap agreements as a result of the Atotech Acquisition and is utilizing these agreements to offset the variable Term SOFR rate on its New Term Loan Facility. The Company's USD LIBOR based swaps and USD LIBOR based interest rate caps will convert to Term SOFR after LIBOR's termination in June 2023 according to the terms of each

instrument. The table below summarizes interest rate swaps and interest rate caps outstanding at December 31, 2022 and December 31, 2021:


									As of December 31,
									2022		2021
Effective Date	Maturity	Fixed Rate			Notional Amount at Effective Date		Notional Amount at December 31, 2022		Fair Value Asset (Liability)		Fair Value Asset (Liability)
April 5, 2019	March 31, 2023		2.309	%	$	300	$	200	$	1	$	(5	)
October 26, 2021	February 28, 2025		0.485	%		200		200		16		4
March 31, 2022	February 28, 2025		0.623	%		100		100		22		5
September 30, 2022	September 30, 2026		3.156	%		350		350		8		—
January 2, 2024	January 31, 2028		2.841	%		250		—		5		—
September 30, 2022	September 30, 2027		3.198	%		350		350		8		—
January 2, 2024	January 31, 2029		2.986	%		250		—		4		—
September 30, 2022	September 30, 2026		3.358	%		600		600		10		—
						2,400		1,800		74		4

March 31, 2020	January 31, 2024		1.000	%		350		350		15		—
March 31, 2020	January 31, 2024		1.000	%		350		350		15		—
						700		700		30		—
		Total			$	3,100	$	2,500	$	104	$	4

The interest rate swaps are recorded at fair value on the balance sheet and changes in the fair value are recognized in OCI. To the extent these arrangements are no longer effective hedges, any ineffectiveness measured in the hedging relationships is recorded immediately in earnings in the period it occurs. Changes in the fair value of interest rate caps are recorded immediately in earnings, as the Company has not designated these instruments as hedges and therefore these instruments do not qualify for hedge accounting.

The following table provides a summary of gain (loss) on derivatives not designated as cash flow hedging instruments:


	Years Ended December 31,
	2022			2021		2020
Net (loss) gain recognized in income	$	(8	)	$	5	$	(2	)

Currency Option Agreements

In connection with financing the Atotech Acquisition, the Company issued euro denominated term loan debt. In anticipation of entering into these euro denominated loans, the Company purchased foreign currency option contracts

in 2021 to fix the conversion of EUR 300 into U.S. dollars. The options settled on January 31, 2022 and the Company recorded a gain of $5, net of premiums, which is included in other expense, net.

In conjunction with the Photon Control Acquisition, which closed in July 2021, the Company entered into a foreign currency contract to hedge the Canadian dollar purchase price. In 2021, the Company recorded a fair value realized loss of $10, which is included in other expense, net.

Inventories

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:


	Years Ended December 31,
	2022		2021
Raw material	$	689	$	394
Work-in-process		115		83
Finished goods		173		100
Total	$	977	$	577

Inventory-related excess and obsolete charges of $21, $16 and $25 were recorded in cost of products and services in the years ended December 31, 2022, 2021 and 2020, respectively.

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

10)

Property, Plant and Equipment

Property, plant and equipment consist of the following:


	Years Ended December 31,
	2022		2021
Land	$	75	$	12
Buildings and building improvements		330		133
Machinery and equipment		611		428
Furniture and fixtures, office equipment and software		214		187
Leasehold improvements		157		152
Construction in progress		75		27
		1,462		939
Less: accumulated depreciation		662		613
Total	$	800	$	326

Depreciation of property, plant and equipment totaled $70, $49 and $44 for the years ended 2022, 2021 and 2020, respectively.

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

11)

Leases

The Company has various operating leases for real estate and non-real estate items. The non-real estate leases are mainly comprised of automobiles but also include office equipment and other lower-valued items.

The elements of lease expense were as follows:


	Years Ended December 31,
	2022		2021
Operating lease(1)	$	27	$	28
Finance lease		3		—
Short-term lease		10		4
Total lease expense	$	13	$	32

(1)

Operating lease expense includes an immaterial amount of variable expenses, offset by certain sublease rental income.

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
	2022		2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used for operating leases(1)	$	28	$	13
Financing cash flows used for finance leases		2		—

ROU assets obtained in exchange for new lease liabilities
Operating leases		7		24
Finance leases		3		—

(1)

Operating cash flows used for operating leases for the year ended December 31, 2022 and 2021 include an immaterial amount of tenant improvement allowance receipts.

The weighted average remaining terms for all leases were as follows:


	Years Ended December 31,
	2022			2021
Weighted-average remaining lease term in years-operating leases		13.4			14.2
Weighted-average remaining lease term in years-finance leases		11.3			—
Weighted-average discount rate-operating leases		3.0	%		3.0	%
Weighted-average discount rate-finance leases		3.9	%		—

Future lease payments under non-cancelable leases as of December 31, 2022 are detailed as follows:


Year Ending December 31,	Operating Leases		Finance Leases
2023	$	26	$	7
2024		23		6
2025		20		6
2026		17		4
2027		15		4
Thereafter		150		21
Total lease payments		251		48
Less: imputed interest		47		11
Total lease liabilities	$	204	$	37

Amounts presented above do not include payments relating to immaterial leases excluded from the balance sheet as well as leases with terms of less than twelve months.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

12)

Goodwill and Intangible Assets

Goodwill

The Company's methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. Goodwill is measured as the excess of the cost of the acquisition over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. The Company assigns assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process.

Goodwill and purchased intangible assets with indefinite useful lives are not amortized but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill and intangible assets requires significant judgment.

The Company regularly monitors current business conditions and other factors including, but not limited to, adverse industry or economic trends, restructuring actions and lower projections of profitability that may impact future operating results. During the quarter ended June 30, 2022, following softening industry demand for flexible printed

circuit board (“PCB”) via drilling systems and declines in projected operating results for its ESB reporting unit, the Company evaluated the carrying values of goodwill, purchased intangible assets and other long-lived assets assigned to the reporting unit and determined the carrying values were recoverable. The Company performed its analysis using the income approach and key underlying assumptions included forecasted revenue, gross profit and operating expenses as well as discount rate. Fair value estimates are based on complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions that have been deemed reasonable by the Company's management. There are inherent uncertainties and management judgment required in these determinations. In its quantitative assessment of the reporting unit, the Company estimated fair value exceeded carrying value by 10%. The Company determined that there were no further triggering events that required an impairment assessment during the remainder of the year ended December 31, 2022 for its ESB reporting unit.

The changes in the carrying amount of goodwill and accumulated impairment losses were as follows:


	2022							2021
	Gross Carrying Amount		Accumulated Impairment Loss			Net		Gross Carrying Amount			Accumulated Impairment Loss			Net
Beginning balance at January 1	$	1,374	$	(146	)	$	1,228	$	1,212		$	(146	)	$	1,066
Acquired goodwill (1)		3,064		—			3,064		168			—			168
Foreign currency translation		16		—			16		(6	)		—			(6	)
Ending balance at December 31	$	4,454	$	(146	)	$	4,308	$	1,374		$	(146	)	$	1,228

(1)

During the year ended December 31, 2022, the Company recorded goodwill related to the Atotech Acquisition. During the year ended December 31, 2021, the Company recorded goodwill related to the Photon Control Acquisition. See Note 4 to the Notes to Consolidated Financial Statements.

Intangible Assets

Components of the Company's intangible assets are comprised of the following:


As of December 31, 2022	Gross		Accumulated Impairment Charges			Accumulated Amortization			Foreign Currency Translation		Net
Completed technology(1)	$	1,151	$	—		$	(303	)	$	4	$	852
Customer relationships(1)		2,072		(1	)		(190	)		11		1,892
Patents, trademarks, trade names and other(1)		498		—			(71	)		2		429
	$	3,721	$	(1	)	$	(564	)	$	17	$	3,173

(1)

During the year ended December 31, 2022, the Company recorded $2,726 of separately identified intangible assets related to the Atotech Acquisition, including $595 in completed technology, $1,756 in customer relationships and $375 in patents, trademarks, trade names and other.


As of December 31, 2021	Gross		Accumulated Impairment Charges			Accumulated Amortization			Foreign Currency Translation			Net
Completed technology(1)	$	556	$	—		$	(242	)	$	—		$	314
Customer relationships(1)		318		(1	)		(124	)		(1	)		192
Patents, trademarks, trade names and other(1)		123		—			(52	)		(1	)		70
	$	997	$	(1	)	$	(418	)	$	(2	)	$	576

(1)

During the year ended December 31, 2021, the Company recorded $121 of separately identified intangible assets related to the Photon Control Acquisition, representing $110 in completed technology, $9 in customer relationships and $2 in patents, trademarks, trade names and other.

Aggregate amortization expense related to acquired intangible assets for 2022, 2021 and 2020 was $146, $55 and $55, respectively. Aggregate net amortization expense related to acquired intangible assets for future years is:


Year	Amount
2023	$	286
2024		257
2025		256
2026		252
2027		251
Thereafter		1,625

The Company excluded from the above table intangible assets of $56 of indefinite-lived trademarks and trade names, and $190 of in-process research and development, which were not subject to amortization.

Product Warranties

12 Months Ended

Dec. 31, 2022

Guarantees and Product Warranties [Abstract]

Product Warranties

13)

Product Warranties

The Company provides for the estimated costs to fulfill customer warranty obligations upon the recognition of the related revenue. The Company's warranty obligations are affected by shipment volume, product failure rates, utilization levels, material usage and supplier warranties on parts delivered to the Company. Should actual product failure rates, utilization levels, material usage, or supplier warranties on parts differ from the Company's estimates, revisions to the estimated warranty liability would be required. The Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers.

Product warranty activities were as follows:


	Years Ended December 31,
	2022			2021
Beginning balance	$	21		$	18
Provision for product warranties		31			38
Assumed product warranty liability from Photon Control Acquisition		—			1
Assumed product warranty liability from Atotech Acquisition		5			—
Direct and other charges to warranty liability		(30	)		(36	)
Ending balance	$	27		$	21

Short-term product warranties of $19 and long-term product warranties of $8, each as of December 31, 2022, are included within other current liabilities and other non-current liabilities, respectively, within the accompanying consolidated balance sheet. Short-term product warranties of $20 and long-term product warranties of $1, each as of December 31, 2021, are included within other current liabilities and other non-current liabilities, respectively, within the accompanying consolidated balance sheet.

Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt

14)

Debt

The Company’s outstanding debt is as follows:


	December 31, 2022		December 31, 2021
Short-term debt:
New Term Loan Facility	$	93	$	—
Prior Term Loan Facility		—		9
Total short-term debt	$	93	$	9
Long-term debt:
New Term Loan Facility, net(1)	$	4,834	$	—
Prior Term Loan Facility, net(1)		—		808
Total long-term debt	$	4,834	$	808

(1)

Net of remaining deferred financing fees, original issuance discount and repricing fees in the aggregate of $195 and $8 as of December 31, 2022 and 2021, respectively.

The Company recognized interest expense of $177, $25 and $29 for the years ended December 30, 2022, 2021 and 2020, respectively.

New Term Loan Facility and New Revolving Facility

In connection with the completion of the Atotech Acquisition, the Company entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Barclays Bank PLC, and the lenders from time to time party thereto (the “New Credit Agreement”). The New Credit Agreement provides for (i) a senior secured term loan facility (the “New Term Loan Facility”) comprised of three tranches: a USD 1,000 loan (the “USD Tranche A”), a USD 3,600 loan (the “USD Tranche B”) and a EUR 600 loan (the “Euro Tranche B”), each of which were borrowed in full on the Effective Date, and (ii) a senior secured revolving credit facility of USD 500 (the “New Revolving Facility” and, together with the New Term Loan Facility, the “New Credit Facilities”), with the commitments under each of the foregoing facilities subject to increase from time to time subject to certain conditions.

Borrowings under the New Credit Facilities bear interest at a rate per annum equal to, at the Company's option, any of the following, plus, in each case, an applicable margin: (a) with respect to the USD Tranche A, the USD Tranche B and the New Revolving Facility, (x) a base rate determined by reference to the highest of (1) the federal funds effective rate plus 0.50%, (2) the prime rate quoted in The Wall Street Journal, or (3) a forward-looking term rate based on Term SOFR (plus an applicable credit spread adjustment) for an interest period of one month, plus 1.00%; and (y) a Term SOFR rate (plus an applicable credit spread adjustment) for the interest period relevant to such borrowing, subject to a rate floor of (I) with respect to the USD Tranche B, 0.50% and (II) with respect to the USD Tranche A and the New Revolving Facility, 0.0%; and (b) with respect to the Euro Tranche B, a EURIBOR rate determined by reference to the costs of funds for Euro deposits for the interest period relevant to such borrowing adjusted for certain additional costs, subject to a EURIBOR rate floor of 0.0%. The USD Tranche A was issued with original issue discount of 0.25% of the principal amount thereof. The USD Tranche B and the Euro Tranche B were issued with original issue discount of 2.00% of the principal amount thereof. The applicable margin for borrowings under the USD Tranche A is 1.50% with respect to base rate borrowings and 2.50% with respect to Term SOFR borrowings. The applicable margin for borrowings under the USD Tranche B is 1.75% with respect to base rate borrowings and 2.75% with respect to Term SOFR borrowings. The applicable margin for borrowings under the Euro Tranche B is 3.00%. The initial applicable margin for borrowings under the New Revolving Facility is 1.50% with respect to base rate borrowings and 2.50% with respect to Term SOFR borrowings. Commencing with the delivery of financial statements with respect to the first quarter ending after the closing of the New Credit Agreement, the applicable margin for borrowings under the New Revolving Facility is subject to adjustment each fiscal quarter, based on the Company's first lien net leverage ratio as of the end of the preceding quarter.

In addition to paying interest on outstanding principal under the New Credit Facilities, the Company is required to pay a commitment fee in respect of the unutilized commitments under the New Revolving Facility. The initial commitment fee is 0.375% per annum. Commencing with the delivery of financial statements with respect to the first quarter ending after the closing of the New Credit Agreement, the commitment fee is subject to downward adjustment based on the Company's first lien net leverage ratio as of the end of the preceding quarter. The Company must also pay customary letter of credit fees and agency fees.

The Company incurred $242 of deferred financing fees and original issue discount fees related to the term loans under the New Term Loan Facility, which are included in long-term debt in the accompanying consolidated balance sheets and are being amortized to interest expense over the estimated life of the term loans using the effective interest method. A portion of the deferred financing fees and original issue discount has been accelerated in connection with the debt prepayment and extinguishment of the Prior Term Loan Facility (as defined below).

Under the New Credit Agreement, the Company is required to prepay outstanding term loans, subject to certain exceptions, with portions of its annual excess cash flow as well as with the net cash proceeds of certain of its asset sales, certain casualty and condemnation events and the incurrences or issuances of certain debt.

If at any time the aggregate amount of outstanding loans, unreimbursed letter of credit drawings and undrawn letters of credit under the New Revolving Facility exceeds the aggregate commitments under the New Revolving Facility, the Company is required to repay outstanding loans and/or cash collateralize letters of credit, with no reduction of the commitment amount.

The Company may voluntarily prepay outstanding loans under the New Credit Facilities from time to time, subject to certain conditions, without premium or penalty other than customary “breakage” costs with respect to Term SOFR or EURIBOR loans; provided, however, that subject to certain exceptions, if on or prior to the date that is twelve months after the closing date of the New Term Loan Facility, the Company prepays any loans under the USD Tranche B or the Euro Tranche B in connection with a repricing transaction, the Company must pay a prepayment premium of 1.00% of the aggregate principal amount of the loans so prepaid. Additionally, the Company may voluntarily reduce the unutilized portion of the commitment amount under the New Revolving Facility.

The Company is required to make scheduled quarterly payments each equal to 1.25% of the original principal amount of the USD Tranche A (increasing to 1.875% in years 3 and 4 and 2.50% in year 5) and 0.25% of the original principal amount of the USD Tranche B and the Euro Tranche B, beginning with the fiscal quarter ending December 31, 2022, with the balance due thereunder on the fifth anniversary of the closing date in the case of the USD Tranche A and the seventh anniversary of the closing date in the case of the USD Tranche B and the Euro Tranche B.

There is no scheduled amortization under the New Revolving Facility. Any principal amount outstanding under the New Revolving Facility is due and payable in full on the fifth anniversary of the closing date.

The Company incurred $7 of costs in connection with the New Revolving Facility, which were capitalized and included in other assets in the accompanying consolidated balance sheet and are being amortized to interest expense over the estimated life of four years. As a result of the termination of the Prior ABL Credit Facility (as defined below) concurrently with the Company's entry into the New Revolving Facility, the Company wrote off an immaterial amount of previously capitalized debt issuance costs.

All obligations under the New Credit Facilities are guaranteed by certain of the Company's wholly-owned domestic subsidiaries and are required to be guaranteed by certain of the Company's future wholly-owned domestic subsidiaries, and are secured by substantially all of the Company's assets and the assets of such subsidiaries, subject to certain exceptions and exclusions.

Under the New Credit Agreement, the Company has the ability to incur additional incremental debt facilities in an amount up to (x) the greater of (1) $1,011 and (2) 75% of consolidated EBITDA, plus (y) an amount equal to the sum of all voluntary prepayments of term loans under the New Term Loan Facility, plus (z) an additional unlimited amount subject to pro forma compliance with certain leverage ratio tests (based on the security and priority of such incremental debt).

Under the USD Tranche A and the New Revolving Facility, so long as any USD Tranche A loans (or commitments in respect thereof) are outstanding as of the end of any fiscal quarter, the Company may not allow its total net leverage ratio as of the end of such fiscal quarter to be greater than 5.50 to 1.00, with an annual step-down of 0.25:1.00 and subject to a step-up of 0.50:1.00 for the four full fiscal quarter period following any material acquisition, not to exceed 5.50 to 1.00.

In addition, in the event there are no loans outstanding under the USD Tranche A, as of the end of any fiscal quarter of the Company when the aggregate amount of loans outstanding under the New Revolving Facility (net of (a) all letters of credit (whether cash collateralized or not) and (b) unrestricted cash of the Company and its restricted subsidiaries) exceeds 35% of the aggregate amount of all commitments under the New Revolving Facility in effect as of such date, the Company may not allow its first lien net leverage ratio as of the end of each such fiscal quarter to be greater than 6.00 to 1.00.

The USD Tranche B and the Euro Tranche B are not subject to financial maintenance covenants.

The New Credit Agreement contains a number of negative covenants that, among other things and subject to certain exceptions, restrict the ability of the Company and each of its subsidiaries to incur additional indebtedness; pay dividends on its capital stock or redeem, repurchase or retire its capital stock or its subordinated indebtedness; make investments, loans and acquisitions; create restrictions on the payment of dividends or other amounts to the Company from the Company's restricted subsidiaries or restrictions on the ability of the Company's restricted subsidiaries to incur liens; engage in transactions with its affiliates; sell assets, including capital stock of its subsidiaries; materially alter the business it conducts; consolidate or merge; incur liens; and engage in sale-leaseback transactions.

The New Credit Agreement also contains customary representations and warranties, affirmative covenants and provisions relating to events of default. If an event of default occurs, the lenders under the New Credit Facilities will be entitled to take various actions, including the acceleration of amounts due under the New Credit Facilities and all

actions permitted to be taken by a secured creditor. As of December 31, 2022, the Company was in compliance with all covenants under the New Credit Agreement.

The proceeds of the New Term Loan Facility were used on the Effective Date, among other things, to fund a portion of the consideration payable in connection with the Atotech Acquisition and to refinance the Prior Term Loan Facility and the Prior ABL Credit Facility and certain indebtedness of Atotech. The Company also paid certain customary fees and expenses of JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Mizuho Bank, Ltd. in their respective capacities as lead arrangers and bookrunners in connection with the New Credit Facilities.

On the Effective Date, in connection with the entry into the New Credit Agreement described above, the Company terminated and prepaid the prior term loan credit facility under that certain Term Loan Credit Agreement, dated as of April 29, 2016, by and among the Company, Barclays Bank PLC and the other financial institutions from time to time party thereto (as amended, the “Prior Term Loan Credit Agreement”) and the term loan credit facility thereunder, the “Prior Term Loan Facility”) and terminated the prior revolving credit facility under that certain ABL Credit Agreement, dated as of February 1, 2019, by and among the Company, Barclays Bank PLC and the other financial institutions from time to time party thereto (as amended, the “Prior ABL Credit Agreement” and the revolving credit facility thereunder, the “Prior ABL Credit Facility”). At the time of termination, there were approximately $820 in borrowings outstanding under the Prior Term Loan Facility that were prepaid and no borrowings outstanding under the Prior ABL Credit Facility. The Company has determined the termination to be a full extinguishment of debt and has written off to expense the immaterial remaining balance of deferred finance costs and debt issuance costs related to the Prior Term Loan Facility and the Prior ABL Credit Facility.

As of December 31, 2022, the outstanding principal amount of the New Term Loan Facility was $5,122 and the weighted average interest rate was 6.8%. As of December 31, 2022, there were no borrowings under the New Revolving Facility.

Lines of Credit and Borrowing Arrangements

Certain of the Company’s Japanese subsidiaries have lines of credit and a financing facility with various financial institutions, many of which generally expire and are renewed at three-month intervals with the remaining having no expiration date. The lines of credit and financing facility provided for aggregate borrowings as of December 31, 2022 and December 31, 2021 of up to an equivalent of $27 and $29, respectively. There were no borrowings outstanding under these arrangements at December 31, 2022 or December 31, 2021.

Contractual maturities of the Company’s debt obligations as of December 31, 2022 are as follows:


Year	Amount
2023	$	93
2024		93
2025		110
2026		115
2027		695
Thereafter		4,016

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

15)

Income Taxes

A reconciliation of the Company’s effective tax rate to the U.S. federal statutory rate is as follows:


	Years Ended December 31,
	2022			2021			2020
U.S. federal statutory tax rate		21.0	%		21.0	%		21.0	%
Federal tax credits		(1.5	)		(0.7	)		(1.5	)
State income taxes, net of credits and net of federal benefit		(0.3	)		1.5			1.1
Effect of foreign operations taxed at various rates		(6.8	)		(4.5	)		(5.0	)
Executive compensation		1.5			0.9			1.1
Foreign derived intangible income deduction		(4.8	)		(1.7	)		(1.5	)
Global intangible low taxed income, net of foreign tax credits		3.6			0.5			0.9
Stock-based compensation		0.3			(0.5	)		(0.7	)
Deferred tax asset valuation allowance		(0.4	)		(0.8	)		0.6
Change in income tax reserves (including interest)		0.8			(0.6	)		—
Withholding taxes on foreign dividends, net of foreign tax credits		10.7			1.5			0.7
Other		(1.0	)		0.4			0.5
		23.1	%		17.1	%		17.2	%

The components of income before income taxes and the related provision (benefit) for income taxes consist of the following:


	Years Ended December 31,
	2022			2021			2020
Income before income taxes:
United States	$	(90	)	$	249		$	132
Foreign		523			416			291
	$	433		$	665		$	423
Current taxes:
United States	$	40		$	38		$	29
State		7			10			6
Foreign		99			64			45
		146			112			80
Deferred taxes:
United States		(68	)		5			(8	)
State and Foreign		22			(3	)		1
		(46	)		2			(7	)
Provision for income taxes	$	100		$	114		$	73

The significant components of the deferred tax assets and deferred tax liabilities are as follows:


	December 31,
	2022			2021
Deferred tax assets:
Interest, loss, and credit carryforwards	$	224		$	49
Inventory and warranty reserves		50			37
Accrued expenses and other reserves		22			16
Stock-based compensation		3			4
Executive supplemental retirement benefits		1			1
Capitalized research expenditures		31			—
Loan costs		9			—
Lease liability		55			45
Other		4			1
Total deferred tax assets	$	399		$	153

Deferred tax liabilities:
Acquired intangible assets and goodwill	$	(781	)	$	(137	)
Depreciation and amortization		(62	)		(23	)
Loan costs		—			(2	)
Right-of-use asset		(55	)		(41	)
Foreign withholding taxes		(56	)		(6	)
Unrealized gain		(14	)		(2	)
Total deferred tax liabilities		(968	)		(211	)
Valuation allowance		(181	)		(26	)
Net deferred tax liabilities	$	(750	)	$	(84	)

As of December 31, 2022, the Company had U.S. federal and state as well as foreign gross research and other tax credit carryforwards of $42. Included in the total carryforwards are $12 of credits that can be carried forward indefinitely while the remaining credits expire at various dates through 2036. The Company also had U.S. federal and state as well as foreign gross net operating loss and capital loss carryforwards of $370. Included in the total carryforwards are $52 of losses that can be carried forward indefinitely while the remaining losses expire at various dates through 2039. The Company has $444 of foreign interest carryforwards that can be carried forward indefinitely.

Although the Company believes that its tax positions are consistent with applicable U.S. federal, state and international laws, it maintains certain income tax reserves as of December 31, 2022 in the event its tax positions were to be challenged by the applicable tax authority and additional tax assessed upon audit.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties, is as follows:


	Years Ended December 31,
	2022			2021			2020
Balance at beginning of year	$	43		$	47		$	44
Increases for tax positions taken during prior years		35			—			1
Increases for tax positions taken during the current year		9			2			6
Reductions related to expiration of statutes of limitations and audit settlements		(4	)		(6	)		(4	)
Balance at end of year	$	83		$	43		$	47

The net increase in gross unrecognized tax benefits during 2022, particularly the increases for tax positions taken during prior years, was primarily attributable to the addition of historical gross unrecognized tax benefits of Atotech as a result of the Atotech Acquisition.

The Company accrues interest and, if applicable, penalties for any uncertain tax positions. Interest and penalties are classified as a component of income tax expense. As of December 31, 2022, 2021 and 2020, the Company accrued interest on unrecognized tax benefits of approximately $6, $1 and $1, respectively.

Over the next 12 months, it is reasonably possible that the Company may recognize approximately $3 of previously net unrecognized tax benefits, excluding interest and penalties, related to various U.S. federal and state as well as foreign tax positions, primarily due to the expiration of statutes of limitations.

The Company is subject to examination by U.S. federal and state as well as foreign tax authorities. The U.S. federal statute of limitations remains open for tax years 2018 through the present. The statute of limitations for the Company’s tax filings in other jurisdictions varies between fiscal years 2015 through present. The Company also has certain U.S. federal and state as well as foreign tax loss and credit carryforwards that are open to examination. In addition, the 2017 U.S. federal transition tax remains open for examination.

On a quarterly basis, the Company evaluates both positive and negative evidence that affects the realizability of its net deferred tax assets and assesses the need for a valuation allowance. The future benefit to be derived from its deferred tax assets is dependent upon its ability to generate sufficient future taxable income to realize the assets.

During 2022, the Company increased its valuation allowance by $155, primarily related to the valuation allowance recorded in connection with foreign interest and net operating loss carryforwards associated with the Atotech Acquisition. During 2021, the Company decreased its valuation allowance by $4. This decrease was primarily related to the release of the valuation allowance on its Austrian entities. During 2020, the Company increased its valuation allowance by $3. This increase was primarily related to certain foreign net operating loss carry-forward amounts.

Deferred taxes have been recorded related to historical outside basis differences, primarily unremitted earnings, of certain of the Company’s foreign subsidiaries. During 2022, the Company recorded a tax provision of $33 related to such taxes for prior periods.

The Company has a tax incentive in Singapore with benefits of approximately $0.05 ($0.01 per share) in 2022 and $0.4 ($0.01 per share) in 2021. The tax incentive in Singapore expires in June 2026.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

16)

Stock-Based Compensation

Employee Stock Purchase Plans

The 2014 ESPP was adopted by the Board of Directors on February 10, 2014 and approved by the Company’s stockholders on May 5, 2014. The 2014 ESPP authorizes the issuance of up to an aggregate of 2.5 shares of common stock to participating employees. Offerings under the 2014 ESPP commence on June 1 and December 1 and terminate on November 30 and May 31, respectively. Under the 2014 ESPP, eligible employees can purchase shares of common stock through payroll deductions up to 10% of their compensation, up to a defined maximum annual amount. The price at which an employee’s purchase option is exercised for each offering period is the lower of (1) 90% of the closing price on the common stock on the Nasdaq Global Select Market on the day that each offering commences, or (2) 90% of the closing price on the day that the offering terminates. The Company issued 0.1 shares of common stock during each of 2022, 2021 and 2020 to employees who participated in the 2014 ESPP at exercise prices of $111.15 and $75.47 per share in 2022, $126.00 and $136.94 per share in 2021, and $95.07 and $93.77 per share in 2020. As of December 31, 2022 there were 1.5 shares reserved for future issuance under the 2014 ESPP.

Equity Incentive Plans

Prior to May 10, 2022, the Company granted RSUs to employees and directors under the 2014 Stock Incentive Plan (the “2014 Plan”). Following shareholder approval of the 2022 Stock Incentive Plan (the “2022 Plan,” and together with the 2014 Plan, the “Plans”) on May 10, 2022, the Company discontinued granting RSUs to employees and directors under the 2014 Plan and began granting them under the 2022 Plan. The Plans are administered by the Compensation Committee of the Company's Board of Directors. The Plans are intended to attract and retain employees and directors, and to provide an incentive for these individuals to assist the Company to achieve long-range performance goals and enable these individuals to participate in the long-term growth of the Company. Up to 6.6 shares of common stock (subject to adjustment in the event of stock splits and other similar events) may be issued pursuant to awards granted under the 2022 Plan. The Company may grant options, RSUs, restricted stock, stock appreciation rights (“SARs”) and other stock-based awards to employees, officers, directors, consultants and advisors under the 2022 Plan. Any full-value awards granted under the 2022 Plan will be counted against the shares reserved for issuance under the 2022 Plan as 1.91 shares for each share of common stock subject to such award. Any award granted under the 2022 Plan that is not a full-value award (including, without limitation, any option or SAR) will be

counted against the shares reserved for issuance under the plan on a one-for-one basis of common stock subject to such award. “Full-value award” means any restricted stock, RSUs, or other stock-based award with a per share price or per unit purchase price lower than 100% of fair market value on the date of grant. To the extent an award that is not a full-value award is returned to the 2022 Plan, the share reserve under the 2022 Plan will be credited with one share. To the extent that a full-value award is returned to the 2022 Plan, the share reserve under the 2022 Plan will be credited with 1.91 shares. As of December 31, 2022, there were 5.8 shares reserved for future issuance under the 2022 Plan.

Time-based RSUs granted to employees generally vest 33% per year beginning on the first anniversary of the date of grant. Performance-based RSUs granted to the Company’s executive officers in 2022, 2021 and 2020 were based on the Company’s achievement of adjusted EBITDA for each respective year, defined as GAAP operating income excluding any charges or income not related to the operating performance of the Company plus depreciation and stock compensation expense, set at varying revenue levels. The final number of performance-based RSUs that vest varies based on the level of performance achieved from 0% to 150% of the underlying target shares granted in 2020 and from 0% to 200% of the underlying target shares granted in 2021 and 2022. The performance-based RSUs earned generally vest 33% per year beginning on the first anniversary of the date of grant. RSUs granted to certain employees who meet certain retirement eligibility requirements will vest in full upon each such employee’s retirement and are expensed immediately. RSUs granted to directors generally vest at the earliest of (1) one day prior to the next annual meeting, (2) 13 months from date of grant, or (3) the effective date of a change in control of the Company.

In connection with the Atotech Acquisition, all Atotech time-based RSUs and performance-based RSU awards outstanding immediately prior to the acquisition were cancelled and replaced with the Company's time-based RSUs under the 2022 Plan in accordance with the Implementation Agreement. These RSUs are subject to the terms and conditions of the 2022 Plan and the related RSU agreements.

The following tables present the activity for the RSUs under the Plans:


	Year ended December 31, 2022
	RSUs			Weighted Average Grant Date Fair Value
RSUs — beginning of period		0.5		$	127.93
RSUs issued in Atotech Acquisition		0.1		$	110.30
Granted		0.5		$	111.60
Vested		(0.3	)	$	118.06
RSUs — end of period		0.8		$	118.96


	Year ended December 31, 2021
	RSUs			Weighted Average Grant Date Fair Value
RSUs — beginning of period		0.6		$	93.26
Granted		0.2		$	177.71
Vested		(0.3	)	$	95.95
RSUs — end of period		0.5		$	127.93

The Company had no outstanding SARs as of December 31, 2022 and an immaterial amount of SARs as of December 31, 2021.

Stock-Based Compensation Expense

The Company recognized the full impact of its share-based payment plans in the consolidated statements of operations and comprehensive income. The following table reflects the effect of recording stock-based compensation:


	Years Ended December 31,
	2022			2021			2020
Stock-based compensation expense by type of award:
RSUs	$	42		$	34		$	27
Employee stock purchase plan		3			3			3
Total stock-based compensation		45			37			30
Windfall tax effect on stock-based compensation		(1	)		(5	)		(2	)
Net effect on net income	$	44		$	32		$	28
Effect on net earnings per share:
Basic	$	0.74		$	0.58		$	0.49
Diluted	$	0.73		$	0.58		$	0.49

The pre-tax effect within the consolidated statements of operations and comprehensive income of recording stock-based compensation was as follows:


	Years Ended December 31,
	2022		2021		2020
Cost of revenues	$	5	$	4	$	4
Research and development expense		6		5		4
Selling, general and administrative expense		34		28		21
Acquisition and integration related expense		—		—		1
Total pre-tax stock-based compensation expense	$	45	$	37	$	30

Valuation Assumptions

The Company determines the fair value of RSUs based on the closing market price of the Company’s common stock on the date of the award and estimates the fair value of employee stock purchase plan rights using the Black-Scholes valuation model. Such values are recognized as expense on a straight-line basis for time-based awards and using the accelerated graded vesting method for performance-based awards, both over the requisite service periods.

The weighted average fair value per share of employee stock purchase plan rights granted in 2022, 2021 and 2020 was $29.68, $33.55, and $23.88, respectively. The fair value of employee stock purchase plan rights was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:


	Years Ended December 31,
Employee stock purchase plan rights:	2022			2021			2020
Expected life (years)		0.5			0.5			0.5
Risk-free interest rate		0.9	%		0.1	%		0.9	%
Expected volatility		41.9	%		39.3	%		45.4	%
Expected annual dividends per share	$	0.88		$	0.88		$	0.80

Expected volatilities are based on a combination of implied and historical volatilities of the Company’s common stock; the expected life represents the weighted average period of time that options granted are expected to be outstanding giving consideration to vesting schedules and the Company’s historical exercise patterns; and the risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected life of the option.

The total fair value of RSUs vested during 2022, 2021 and 2020 was approximately $40, $57 and $86, respectively. As of December 31, 2022, the unrecognized compensation cost related to RSUs was approximately $46 and will be recognized over an estimated weighted average amortization period of 1 year.

Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Federal Home Loan Banks [Abstract]

Stockholders' Equity

17)

Stockholders’ Equity

Share Repurchase Program

On July 25, 2011, the Company’s Board of Directors approved a share repurchase program for the repurchase of up to an aggregate of $200 of its outstanding common stock from time to time in open market purchases, privately negotiated transactions or through other appropriate means. The timing and quantity of any shares repurchased will depend upon a variety of factors, including business conditions, stock market conditions and business development activities, including, but not limited to, merger and acquisition opportunities. These repurchases may be commenced, suspended or discontinued at any time without prior notice. The Company has repurchased approximately 2.6 shares of common stock for approximately $127 pursuant to the program since its adoption. During 2022, 2021 and 2020, there were no repurchases of common stock.

Cash Dividends

Holders of the Company’s common stock are entitled to receive dividends when they are declared by the Company’s Board of Directors. The Company’s Board of Directors declared a cash dividend of $0.22 per share during each quarter of 2022, which totaled $52 or $0.88 per share. The Company’s Board of Directors declared a cash dividend of $0.20 per share during the first quarter and $0.22 per share during the second, third and fourth quarters of 2021, which totaled $47 or $0.86 per share.

On February 6, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $0.22 per share that was paid on March 10, 2023 to Stockholders of record as of February 27, 2023.

Future dividend declarations, if any, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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-Topic 505
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-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 13
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Employee Benefit Plans

12 Months Ended

Dec. 31, 2022

Postemployment Benefits [Abstract]

Employee Benefit Plans

18)

Employee Benefit Plans

The Company has a 401(k) profit-sharing plan for U.S. employees meeting certain requirements, in which eligible employees may contribute between 1% and 50% of their annual compensation to this plan, and, with respect to employees who are age 50 and older, certain specified additional amounts, limited by an annual maximum amount determined by the Internal Revenue Service. The Company, at its discretion, makes certain matching contributions to this plan based on participating employees’ annual contribution to this plan and their total compensation. The Company’s contributions were $10, $8 and $7 for 2022, 2021 and 2020, respectively.

The Company also has a number of defined contribution plans at some of its foreign locations. The Company’s contributions were immaterial for 2022, 2021 and 2020.

The Company maintains a bonus plan which provides cash awards to certain employees, at the discretion of the Compensation Committee of the Company’s Board of Directors, based upon the Company’s operating results. In addition, the Company’s foreign locations also have various bonus plans based upon local operating results and employee performance. The total bonus expense was $48, $76 and $66 for 2022, 2021 and 2020, respectively.

Defined Benefit Pension Plans

The Company has a number of defined benefit pension plans at many of its foreign location, which cover most of its full-time employees at these respective locations. In addition, the Company has certain pension assets and liabilities relating to its former employees in the United Kingdom. One of the Company's German pension plans is unfunded, as permitted under the plan and applicable laws.

As a result of the Atotech Acquisition, the Company assumed all assets and liabilities of Atotech's defined benefit pension plans.

For financial reporting purposes, the Company obtained actuarial reports supporting the calculation of net periodic pension costs that used a number of actuarial assumptions, including a discount rate for plan obligations, an assumed rate of return on pension plan assets and an assumed rate of compensation increase for employees covered by the various plans. The Company reviewed these actuarial assumptions and concluded they were reasonable based upon management’s judgment, considering known trends and uncertainties. Actual results that differ from these

assumptions would impact future expense recognition and the cash funding requirements of the Company’s pension plans.

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

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	)

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

The Company expects to contribute less than $1 to the plans during 2023.

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	%

In determining the expected long-term rate of return on plan assets, the Company considers the relative weighting of plan assets, the historical performance of total plan assets and individual asset classes, and economic and other indicators of future performance.

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	%

In general, the Company’s asset management objectives include maintaining an adequate level of diversification to reduce interest rate and market risk, while providing adequate liquidity to meet immediate and future benefit payment requirements.

The Company’s Israeli plans account for the deferred vested benefits using the shut-down method of accounting, which resulted in assets of $19 and vested benefit obligations of $22 as of December 31, 2022 and assets of $20 and vested benefit obligations of $23 as of December 31, 2021. Under the shut-down method, the liability is calculated as if it were payable as of the balance sheet date, on an undiscounted basis.

Other Pension-Related Assets

As of December 31, 2022 and 2021, the Company had assets with an aggregate market value of $6 for each period, for one of its German pension plans. These assets are invested in group insurance contracts through the insurance companies administering these plans, in accordance with applicable pension laws. These group insurance contracts have a guaranteed minimum rate of return ranging from 2.0% to 4.25%, depending on the contract. Because these assets were not separate legal assets of the pension plan, they were not included in the Company’s plan assets shown above. However, the Company has designated such assets to pay pension benefits. Such assets are included in other assets in the accompanying consolidated balance sheet.

Net Income Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Income Per Share

19)

Net Income Per Share

The following is a reconciliation of basic to diluted net income per share:


	Years Ended December 31,
Numerator:	2022		2021		2020
Net income	$	333	$	551	$	350
Denominator:
Shares used in net income per common share – basic		59.7		55.4		55.1
Effect of dilutive securities		0.2		0.3		0.2
Shares used in net income per common share – diluted		59.9		55.7		55.3
Net income per common share:
Basic	$	5.57	$	9.95	$	6.36
Diluted	$	5.56	$	9.90	$	6.33

Basic earnings per share (“EPS”) is computed by dividing income available to holders of the Company’s common stock by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the treasury stock method) if securities containing potentially dilutive common shares (RSUs) had been converted to such common shares, and if such assumed conversion is dilutive.

In 2022, 2021 and 2020, the potential dilutive effect of the weighted average shares of RSUs that were excluded from the computation of diluted weighted-average shares outstanding, as the shares would have had an anti-dilutive effect on EPS, was immaterial.

Business Segment, Geographic Area, Product Information and Significant Customer Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Business Segment, Geographic Area, Product Information and Significant Customer Information

20)

Business Segment, Geographic Area, Product Information and Significant Customer Information

Reportable Segments and Products

The Company’s Chief Operating Decision Maker (“CODM”), which is the Company’s Chief Executive Officer, utilizes financial information to make decisions about allocating resources and assessing performance for the entire Company, which is used in the decision-making process to assess performance. The Company has a diverse base of customers across its primary served markets, which include semiconductor, electronics and packaging, and specialty industrial.

VSD delivers foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging and specialty industrial applications. VSD products are derived from the Company’s core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and vacuum technology.

PSD provides a full range of solutions including lasers, beam measurement and profiling, precision motion control, vibration isolation systems, photonics instruments, temperature sensing, opto-mechanical components, optical elements, systems for flexible PCB laser processing, high-speed multilayer ceramic capacitor testing, laser-based systems for high density interconnect PCB and package manufacturing.

MSD develops leading process and manufacturing technologies for advanced surface modification, electroless and electrolytic plating, and surface finishing. Atotech is a brand within MSD. Applying a comprehensive systems-and-solutions approach, MSD's portfolio includes chemistry, equipment, software, and services for innovative and high-technology applications in a wide variety of end-markets.

The Company derives its segment results directly from the manner in which results are reported in its management reporting system. The accounting policies that the Company uses to derive reportable segment results are substantially the same as those used for external reporting purposes. The Company groups its product offerings by its reportable segments, VSD, PSD, and MSD. The Company also provides services relating to the maintenance and repair of its products, installation services and training to all three of its reportable segments.

The following table sets forth net revenues by reportable segment:


	Years Ended December 31,
	2022		2021		2020
Vacuum Solutions Division	$	1,966	$	1,862	$	1,406
Photonics Solutions Division		1,064		1,088		924
Materials Solutions Division		517		—		—
	$	3,547	$	2,950	$	2,330

The following table sets forth a reconciliation of segment gross profit to consolidated net income:


	Years Ended December 31,
	2022			2021		2020
Gross profit by reportable segment:
Vacuum Solutions Division	$	856		$	868	$	633
Photonics Solutions Division		499			512		416
Materials Solutions Division		192			—		—
Total gross profit by reportable segment		1,547			1,380		1,049
Operating expenses:
Research and development		241			200		173
Selling, general and administrative		488			385		353
Acquisition and integration costs		52			30		4
Restructuring and other		10			11		10
Amortization of intangible assets		146			55		55
Gain on sale of long-lived assets		(7	)		—		—
Income from operations		617			699		454
Interest income		(4	)		—		(1	)
Interest expense		177			25		29
Other expense, net		11			9		3
Income before income taxes		433			665		423
Provision for income taxes		100			114		73
Net income	$	333		$	551	$	350

The following table set forth capital expenditures by reportable segment:


	Years Ended December 31,
	2022		2021		2020
Vacuum Solutions Division	$	96	$	37	$	36
Photonics Solutions Division		40		50		49
Materials Solutions Division		28		—		—
Total capital expenditures	$	164	$	87	$	85

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


	Years Ended December 31,
	2022		2021		2020
Vacuum Solutions Division	$	24	$	23	$	20
Photonics Solutions Division		88		81		79
Materials Solutions Division		104		—		—
Total depreciation and amortization	$	216	$	104	$	99

Total income tax expense is not presented by reportable segment because the necessary information is not available or used by the CODM.

The following table sets forth segment assets by reportable segment:


	Accounts Receivable			Inventory		Total
December 31, 2022
Vacuum Solutions Division	$	307		$	491	$	798
Photonics Solutions Division		210			296		506
Materials Solutions Division		298			190		488
Corporate, Eliminations & Other		(95	)		—		(95	)
Total segment assets	$	720		$	977	$	1,697


	Accounts Receivable			Inventory			Total
December 31, 2021
Vacuum Solutions Division	$	285		$	339		$	624
Photonics Solutions Division		183			239			422
Materials Solutions Division		—			—			—
Corporate, Eliminations & Other		(25	)		(1	)		(26	)
Total segment assets	$	443		$	577		$	1,020

The following is a reconciliation of segment assets to consolidated total assets:


	December 31,
	2022		2021
Total segment assets	$	1,697	$	1,020
Cash and cash equivalents and short-term investments		910		1,042
Other current assets		187		85
Property, plant and equipment, net		800		326
Right-of-use assets		234		184
Goodwill and intangible assets, net		7,481		1,804
Other assets and long-term assets		186		79
Consolidated total assets	$	11,495	$	4,540

Geographic Area

Information about the Company’s operations by geographic region is presented in the tables below. Net revenues from unaffiliated customers are based on the location in which the sale originated. Intercompany sales between geographic areas are at tax transfer prices and have been eliminated from consolidated net revenues.


	Years Ended December 31,
	2022		2021		2020
Net revenues:
United States	$	1,479	$	1,259	$	1,059
China		497		355		274
South Korea		360		386		279
Germany		243		144		125
Other		968		806		593
	$	3,547	$	2,950	$	2,330

Long-lived assets include property, plant and equipment, net, right-of-use assets, and certain other assets, and exclude goodwill, intangible assets and long-term tax-related accounts.


	December 31,
	2022		2021
Long-lived assets:
United States	$	508	$	412
Germany		160		18
China		175		16
Other		343		128
	$	1,186	$	574

Goodwill associated with each of the Company’s reportable segments is as follows:


	December 31,
	2022		2021
Vacuum Solutions Division	$	195	$	195
Photonics Solutions Division		1,026		1,033
Materials Solutions Division		3,087		—
Total goodwill	$	4,308	$	1,228

The Company sells products and services to thousands of customers worldwide, in a wide range of end markets. Revenues from its top ten customers accounted for 42%, 46% and 44% of net revenues for 2022, 2021, and 2020, respectively.

The Company had two customers with net revenues greater than or equal to 10% of total net revenues for the years ended December 31, 2022, 2021 and 2020, as shown below.


	Years Ended December 31,
	2022	2021	2020
Lam Research Corporation	14%	15%	14%
Applied Materials, Inc.	10%	11%	11%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 21
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (e)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Restructuring and Other

12 Months Ended

Dec. 31, 2022

Expense Of Restructuring Activities And Other [Abstract]

Restructuring and Other

21)

Restructuring and Other

Restructuring

Restructuring costs were $10 in 2022, primarily related to severance costs due to a global cost-saving initiative and the closure of two facilities in Europe, as well as executive payments related to the Atotech Acquisition. Restructuring costs totaled $7 in 2021, primarily related to severance costs due to a global cost-saving initiative, costs related to the pending closure of two facilities in Europe and the movement of the manufacturing of products to low-cost regions.

The activity related to the Company’s restructuring accrual is shown below:


	2022			2021
Balance at January 1	$	3		$	—
Charged to expense		10			7
Payments and adjustments		(10	)		(4	)
Balance at December 31	$	3		$	3

Other

During 2021, the Company recorded charges of $3 related primarily to duplicate facility costs.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

22)

Commitments and Contingencies.

As of December 31, 2022, the Company has entered into purchase commitments for certain inventory components and other equipment and services used in its normal operations. The majority of the purchase commitments covered by these arrangements are for periods of less than one year and aggregate to approximately $795.

The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters, will not have a material adverse effect on the Company’s results of operations, financial condition or cash flows.

Subsequent Events

12 Months Ended

Dec. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

23)

Subsequent Events

On February 3, 2023, the Company identified that it had become subject to a ransomware event and took immediate action to activate its incident response and business continuity protocols to contain the incident. The Company engaged appropriate incident response professionals and notified law enforcement authorities. The Company then initiated the recovery phase and has since made substantial progress by completing restoration of its enterprise resource planning systems and reopening certain of its affected manufacturing and service operations.

Based on its investigation, the Company concluded ransomware actors encrypted certain of its systems by deploying malware. This incident required the Company to temporarily suspend operations at certain of its facilities and has had a material impact in the first quarter of 2023 on the Company’s ability to process orders, ship products and provide service to its VSD and PSD customers. The incident did not impact the operations of MSD.

The Company has incurred costs in the first quarter of 2023 and expects to continue to incur costs, which may be significant, in connection with this incident. In the first quarter of 2023, these costs have been primarily comprised of

various third-party consulting services, including forensic experts, restoration experts, legal counsel, and other information technology and accounting professional expenses, enhancements to its cybersecurity measures, costs to restore its systems and access its data, and employee-related expenses, including with respect to increased overtime. The Company expects to incur these and other costs related to this incident in the future.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

MKS Instruments, Inc.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

(in millions)


			Additions
Description	Balance at Beginning of Year		Acquisition Beginning Balance		Charged to Costs and Expenses		Charged to Other Accounts		Deductions & Write-offs			Balance at End of Year
Allowance for doubtful accounts:
Years ended December 31,
2022	$	4	$	10	$	2	$	—	$	(5	)	$	11
2021	$	2	$	—	$	1	$	—	$	1		$	4
2020	$	2	$	—	$	—	$	—	$	—		$	2


			Additions
Description	Balance at Beginning of Year		Acquisition Beginning Balance		Charged to Costs and Expenses			Charged to Other Accounts		Deductions & Write-offs		Balance at End of Year
Allowance for sales returns:
Years ended December 31,
2022	$	2	$	—	$	(1	)	$	—	$	—	$	1
2021	$	1	$	—	$	1		$	—	$	—	$	2
2020	$	1	$	—	$	—		$	—	$	—	$	1


			Additions
Description	Balance at Beginning of Year		Acquisition Beginning Balance		Charged to Costs and Expenses		Charged to Other Accounts		Deductions & Write-offs			Balance at End of Year
Valuation allowance on deferred tax assets:
Years ended December 31,
2022	$	26	$	156	$	—	$	—	$	(1	)	$	181
2021	$	31	$	—	$	2	$	—	$	(7	)	$	26
2020	$	27	$	—	$	4	$	—	$	—		$	31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers The Company accounts for revenue using Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers” (“ASC Topic 606”). The Company applies ASC Topic 606 using the following steps: • Identify the contract with a customer • Identify the performance obligations in the contract • Determine the transaction price • Allocate the transaction price to performance obligations in the contract • Recognize revenue when or as the Company satisfies a performance obligation Revenue is recognized when or as obligations under the terms of a contract with a customer has been satisfied and control has transferred to the customer. The majority of the Company's performance obligations, and associated revenue, are transferred to customers at a point in time, generally upon shipment of a product to the customer or receipt of the product by the customer and without significant judgments. The Company recognizes revenue over time for contracts relating to the manufacturing, modifications and retrofits of its plating equipment, as the equipment is built to customer specification, and the Company has an enforceable right to payment for the performance completed to date. For these sales, the Company uses the cost-to-cost input method to measure progress. In cases, where cost-to-cost is not proportionate to its progress in satisfying the performance obligation because of uninstalled materials, the Company adjusts the measure of progress and recognizes revenue to the extent of cost incurred to satisfy the performance obligation under the contract. Revenue from customized products with no alternative future use to the Company, and that have an enforceable right to payment for performance completed to date, are also recorded over time. The Company considers this to be a faithful depiction of the transfer to the customer of revenue over time as the work is performed or service is delivered. Adjustments for custom products were not material for 2022 or 2021. Installation services, other than those related to the Company's plating equipment, are not significant, are usually completed in a short period of time and, therefore, are recorded at a point in time when the installation services are completed, rather than over time, as they are not material. Extended warranty, service contracts, and repair services, which are transferred to the customer over time, are recorded as revenue as the services are performed. For repair services, the Company makes an accrual at each quarter end based upon historical repair times within its product groups to record revenue based upon the estimated number of days completed to date, which is consistent with ratable recognition. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Performance obligations promised in a contract are identified based on the products or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the product or service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the product or service is separately identifiable from other promises in the contract. Sales, value add, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company’s normal payment terms are 30 to 60 days, but vary by the type and location of its customers and the products or services offered. For certain products and services and customer types, the Company requires payment before the products or services are delivered to, or performed for, the customer. None of the Company’s contracts as of December 31, 2022 contained a significant financing component. Contracts with Multiple Performance Obligations The Company periodically enters into contracts with its customers in which a customer may purchase a combination of goods and or services, such as products with installation services or extended warranties. These contracts include multiple promises that the Company evaluates to determine if the promises are separate performance obligations. Once the Company determines the performance obligations, the Company then determines the transaction price, which includes estimating the amount of variable consideration to be included in the transaction price, if any. To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the expected value method or the most likely amount method depending on the method the Company expects to better predict the amount of consideration to which it will be entitled. There are no constraints on the variable consideration recorded. The Company then allocates the transaction price to each performance obligation in the contract based on a relative stand-alone selling price charged separately to customers or using an expected cost-plus-margin method. The corresponding revenues are recognized when or as the related performance obligations are satisfied, which are noted above. The Company’s standard assurance warranty period is normally 12 to 24 months. The Company sells separately priced service contracts and extended warranty contracts related to certain of its products. The separately priced contracts generally range from 12 to 60 months. The Company normally receives payment at the inception of the contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the obligations under the contract. The Company has elected to use the practical expedient related to disclosing the remaining performance obligations as of December 31, 2022 and 2021, as the majority have a duration of less than one year. Costs to Obtain and Fulfill a Contract The Company expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administration expenses. The Company has elected to recognize the costs for freight and shipping when control over products has transferred to the customer as an expense in cost of sales.
Accounts Receivable Allowances	Accounts Receivable Allowances Accounts receivable allowances include sales returns and bad debt allowances. The Company monitors and tracks the amount of product returns and reduces revenue at the time of shipment for the estimated amount of such future returns, based on historical experience. The Company makes estimates evaluating its allowance for doubtful accounts. The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon its historical experience, current economic conditions and any specific customer collection issues that it has identified.
Research and Development	Research and Development Research and development costs are expensed as incurred and consist mainly of compensation-related expenses and project materials. The Company’s research and development efforts include numerous projects, which generally have a duration of 3 to 36 months. Acquired in-process research and development (“IPR&D”) expenses, if acquired in a business combination, are capitalized at fair value as an intangible asset until the related project is completed, and are then amortized over the estimated useful life of the product. The Company monitors projects and, if they are abandoned, the Company writes them off.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and were immaterial in 2022, 2021 and 2020.
Leases	Leases The Company accounts for leases under ASC Topic 842, “Leases” (“ASC Topic 842”). Under ASC Topic 842, a contract is or contains a lease when the Company has the right to control the use of the identified asset. The Company determines if an arrangement is a lease at inception of the contract, which is the date on which the terms of the contract are agreed to and the agreement creates enforceable rights and obligations. The commencement date of the lease is the date that the lessor makes an underlying asset available for use. The Company determines if the lease is an operating or finance lease at the lease commencement date based upon the terms of the lease and the nature of the asset. The lease term used to calculate the lease liability includes options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The Company has finance leases related to certain facilities it acquired as part of the Atotech Acquisition. The Company measures the lease liability as the present value of future lease payments, discounted using the discount rate for the lease at the commencement date. The Company is typically unable to determine the implicit interest rate, so it uses an incremental borrowing rate based on the lease term and economic environment at commencement date. The right of use (“ROU”) asset is initially measured as the amount of the lease liability, adjusted for any initial lease costs, prepaid lease payments and reduced by any lease incentives. The Company’s contracts often include non-lease components such as common area maintenance. MKS has elected the practical expedient to account for the lease and non-lease components as a single lease component. For leases with a term of one year or less the Company has elected not to record the lease asset or liability. The lease payments are recognized in the consolidated statement of earnings on a straight-line basis over the lease term. The Company includes lease costs within cost of revenues and operating expenses.
Stock-Based Compensation	Stock-Based Compensation The accounting for share-based compensation expense requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. For restricted stock units (“RSUs”), the fair value is measured on the date of grant and expensed normally over a three-year period. The Company also provides certain employees with the opportunity to purchase shares through its 2014 Employee Stock Purchase Plan (“2014 ESPP”). The Company estimates the fair value of shares issued under the 2014 ESPP using the Black-Scholes pricing model, which incorporates a number of complex and subjective variables, including expected stock price volatility over the term of the awards, expected life, risk-free interest rate and expected dividends. Management determined that blended volatility, a combination of historical and implied volatility, is more reflective of market conditions and a better indicator of expected volatility than historical or implied volatility alone. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and the Company uses different assumptions, stock-based compensation expense could be materially different in the future.
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income For foreign subsidiaries where the functional currency is the local currency, assets and liabilities are translated into U.S. dollars at the current exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are recorded to Accumulated Other Comprehensive Income (“OCI”). Unrealized gains and losses on securities classified as available-for-sale and unrecognized pension gains and losses are included in OCI in consolidated stockholders’ equity. For derivative instruments designated as cash-flow hedges and interest rate swap hedges, the effective portion of the derivative’s gain (loss) is initially reported as a component of OCI and is subsequently recognized in earnings when the hedged exposure is recognized in earnings.
Net Income Per Share	Net Income Per Share Basic net income per share is based on the weighted average number of common shares outstanding and diluted net income per share is based on the weighted average number of common shares outstanding and all potential dilutive common equivalent shares outstanding. The dilutive effect of equity awards is determined under the treasury stock method using the average market price for the period. Common equivalent shares are included in the per share calculations when the effect of their inclusion would be dilutive.
Cash and Cash Equivalents and Investments	Cash and Cash Equivalents and Investments All highly liquid investments with a maturity date of three months or less at the date of purchase are considered to be cash equivalents. The appropriate classification of investments in securities is determined at the time of purchase. Debt securities that the Company does not have the intent and ability to hold to maturity are classified as “available-for-sale” and are carried at fair value. The Company classifies investments with maturity dates greater than twelve months in short-term investments rather than long-term investments. This method classifies these securities as current based on the nature of the securities and the availability for use in current operations. The Company believes this method is preferable because it is more reflective of the Company’s assessment of its overall liquidity position. The Company reviews its investment portfolio on a quarterly basis to identify and evaluate individual investments that have indications of possible impairment. The factors considered in determining whether a loss is other-than-temporary include: the length of time and extent to which fair market value has been below the cost basis, the financial condition and near-term prospects of the issuer, credit quality, and the Company’s ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company’s significant concentrations of credit risk consist principally of cash and cash equivalents, foreign exchange forward contracts, interest rate swaps and trade accounts receivable. The Company maintains cash and cash equivalents with financial institutions, including some banks with which it has borrowings. The Company enters into foreign exchange forward contracts with high credit-quality financial institutions in order to minimize credit risk exposure. The Company’s largest customers are primarily concentrated in the semiconductor industry, and a limited number of these customers account for a significant portion of the Company’s revenues. The Company regularly monitors the creditworthiness of its customers and believes it has adequately provided for potential credit loss exposures. Credit is extended for all customers based primarily on financial condition, and collateral is not required. During 2022, 2021 and 2020, approximately 58%, 62%, and 59% of the Company’s net revenues, respectively, were from sales to customers in the semiconductor market. No single customer represented greater than 10% of the Company’s accounts receivable balance as of December 31, 2022. One customer represented approximately 18% of the Company's accounts receivable balance as of December 31, 2021.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, cost being determined using a standard costing system that approximates actual cost, based on a first-in, first-out method. The Company regularly reviews inventory quantities on hand and records a provision to write-down excess and obsolete inventory to its estimated net realizable value, if less than cost, based primarily on its estimated forecast of product demand.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for major renewals and betterments that extend the useful lives of property, plant and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is recognized in earnings. Depreciation is provided on the straight-line method over the estimated useful lives of ten to fifty years for buildings and building improvements, and three to eighteen years for machinery and equipment, furniture and fixtures, office equipment and software. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the leased asset.
Acquisition Accounting	Acquisition Accounting The fair value of the consideration exchanged in a business combination is allocated to tangible assets and identifiable intangible assets acquired and liabilities assumed at acquisition date fair value. Goodwill is measured as the excess of the consideration transferred over the net fair value of identifiable assets acquired and liabilities assumed. The accounting for an acquisition involves a considerable amount of judgement and estimation. Cost, income, market or a combination of approaches may be used to establish the fair value of consideration exchanged, assets acquired, and liabilities assumed, depending on the nature of those items. The valuation approach is determined in accordance with generally accepted valuation methods. Key areas of estimation and judgment may include the selection of valuation approaches, cost of capital, market characteristics, cost structure, impacts of synergies, and estimates of terminal value, among other factors. While the Company uses estimates and assumptions as part of the purchase price allocation process to estimate the value of assets acquired and liabilities assumed, estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill, to the extent that adjustments are identified to the preliminary purchase price allocation. Upon conclusion of the measurement period, or final determination of the value of the assets acquired and liabilities assumed, whichever comes first, any subsequent adjustments are recorded to results of operations.
Intangible Assets	Intangible Assets Intangible assets resulting from the acquisitions of businesses are estimated by management based on the fair value of assets acquired. These include acquired customer lists, technology, trademarks, trade names and IPR&D. Intangible assets are amortized from one to eighteen years on a straight-line basis which represents the estimated periods of benefit and the expected pattern of consumption.
Goodwill	Goodwill Goodwill is the amount by which the cost of acquired net assets exceeded the fair value of those net assets on the date of acquisition. The Company allocates goodwill to reporting units at the time of acquisition or when there is a change in the reporting structure and bases that allocation on which reporting units will benefit from the acquired assets and liabilities. Reporting units are defined as operating segments or one level below an operating segment, referred to as a component. The Company assesses goodwill for impairment on an annual basis as of October 31 or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. The estimated fair value of the Company’s reporting units is based on discounted cash flow models derived from internal earnings and internal and external market forecasts. Determining fair value requires the exercise of significant judgment, including judgments about appropriate discount and terminal growth rates, as well as forecasted revenue, gross profit and operating expenses. Discount rates are based on a weighted average cost of capital (“WACC”), which represents the average rate a business must pay its providers of debt and equity. The WACC used to test goodwill is derived from a group of comparable companies. Assumptions in estimating future cash flows are subject to a high degree of judgment and complexity. The Company makes every effort to forecast these future cash flows as accurately as possible with the information available at the time the forecast is developed. In performing the Company’s annual goodwill impairment test, the Company is permitted to first assess qualitative factors to determine whether it is more likely than not that the fair value of the Company’s reporting unit exceeds its carrying amount, including goodwill. In performing the qualitative assessment, the Company considers certain events and circumstances specific to the reporting unit and to the entity as a whole, such as macroeconomic conditions, industry and market considerations, overall financial performance and cost factors when evaluating whether it is more likely than not that the fair value of the reporting unit exceeds its carrying amount. The Company is also permitted to bypass the qualitative assessment and proceed directly to the quantitative test. If the Company chooses to undertake the qualitative assessment and concludes that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, the Company would then proceed to the quantitative impairment test. In the quantitative assessment, the Company compares the fair value of the reporting unit to its carrying amount, which includes goodwill. If the fair value exceeds the carrying value, no impairment loss exists. If the fair value is less than the carrying amount, a goodwill impairment loss is measured and recorded. As of October 31, 2022, the Company performed its annual impairment assessment of goodwill by performing a qualitative analysis for all of its reporting units and determined that it is more likely than not that the fair values of the reporting units exceed their carrying amounts.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates the recoverability of its long-lived assets whenever events and changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. This periodic review may result in an adjustment of estimated depreciable lives or asset impairment. When indicators of impairment are present, the carrying values of the asset are evaluated in relation to their operating performance and future undiscounted cash flows of the underlying business. If the future undiscounted cash flows are less than their carrying value, impairment exists. The impairment is measured as the difference between the carrying value and the fair value of the underlying asset. Fair values are based on estimates of market prices and assumptions concerning the amount and timing of estimated future cash flows and assumed discount rates, reflecting varying degrees of perceived risk.
Foreign Exchange	Foreign Exchange The functional currency of the majority of the Company’s foreign subsidiaries is the applicable local currency. For those subsidiaries, assets and liabilities are translated to U.S. dollars at year-end exchange rates. Income and expense accounts are translated at the average exchange rates prevailing during the year. The resulting translation adjustments are included in accumulated other comprehensive income (loss) in consolidated stockholders’ equity. Foreign exchange transaction gains and losses are classified in other income/expense in the statement of operations and comprehensive income. Net foreign exchange losses resulting from re-measurement were $5, $9, and $4 for the years ended December 31, 2022, 2021, and 2020, respectively, and are included in other expense, net. These amounts do not reflect the corresponding gain (loss) from foreign exchange forward contracts, which are included in cost of sales. See Note 8 regarding foreign exchange forward contracts.
Employee Benefit Plans	Employee Benefit Plans The majority of the Company’s employees participate in defined contribution plans, whereby the Company, at its discretion, makes certain matching contributions based on participating employees’ annual contribution to the plan and their total compensation. The Company also has defined benefit retirement plans at certain of its foreign subsidiaries. The Company accounts for these plans based on the provisions of ASC Topic 715, “Compensation-Retirement Benefits.” Some of the key assumptions used to calculate the pension expense and projected benefit obligation include the discount rate, rate of forecasted salary increases, the expected long-term rate of return on plan assets and expected mortality. The obligation for these claims and the related periodic costs are measured using actuarial techniques and assumptions. Actuarial gains and losses are deferred and amortized over future periods.
Income Taxes	Income Taxes The Company records income taxes using the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and also for operating loss and tax credit carryforwards. On a quarterly basis, the Company evaluates both the positive and negative evidence that affects the realizability of net deferred tax assets and assesses the need for a valuation allowance. The future benefit to be derived from its deferred tax assets is dependent upon its ability to generate sufficient future taxable income in each jurisdiction of the right type to realize the assets. The Company records a valuation allowance to reduce its net deferred tax assets to the amount that is expected to be realized. To the extent the Company establishes a valuation allowance an expense will be recorded as a component of the provision for income taxes on the statement of operations. Accounting for income taxes requires a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if, based on the technical merits, it is more likely than not that the position will be sustained upon audit, including resolutions of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company re-evaluates these uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit and new audit activity. Any change in these factors could result in the recognition of a tax benefit or an additional charge to the tax provision. Income tax effects resulting from changes in tax law are accounted for by the Company in the period in which the law is enacted and the effects are recorded as a component of provision for income taxes from continuing operations.
Derivatives	Derivatives As a result of the Company's global operating activities and variable interest rate borrowings, the Company is exposed to market risks from changes in foreign currency exchange rates and interest rates, which may adversely affect its operating results and financial position. The Company enters into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments and those utilized as economic hedges. The Company does not enter into derivative instruments for trading or speculative purposes. The Company used derivative instruments, such as foreign exchange forward contracts and options, to manage certain foreign currency exposure, and interest rate swaps and interest rate caps to manage interest rate exposure. Changes in fair value of derivative instruments are recognized in the consolidated statement of operations or, if hedge accounting is applied, in other comprehensive income for the effective portion of the changes in fair value. The cash flows resulting from foreign exchange forward contracts are classified in the consolidated statements of cash flows as part of cash flows from operating activities. All derivatives are stated at fair value in the balance sheet. Accounting principles for qualifying hedges require detailed documentation that describes the relationship between the hedging instrument and the hedged item, including, but not limited to, the risk management objectives and hedging strategy and the methods to assess the effectiveness of the hedging relationship. The Company assesses the hedging relationships, both at the inception of the hedge and on an ongoing basis, using either the critical terms matching approach or a regression analysis approach to determine whether the designated hedging instrument is highly effective in offsetting changes in the value of the hedged item. By nature, all financial instruments involve market and credit risks. The Company enters into derivative instruments with major investment grade financial institutions, for which no collateral is required. The Company has policies to monitor the credit risk of these counterparties. While there can be no assurance, the Company does not anticipate any material non-performance by any of these counterparties.

Acquisition (Tables)

12 Months Ended

Dec. 31, 2022

Photon Control Inc [Member]

Business Acquisition [Line Items]

Summary of Purchase Price

The purchase price of Photon Control consisted of the following:


Cash paid for outstanding shares	$	302
Less: Cash and cash equivalents acquired		(34	)
Total purchase price, net of cash and cash equivalents acquired	$	268

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price to the fair values assigned to assets acquired and liabilities assumed at the date of the Photon Control Acquisition:


Current assets	$	51
Intangible assets		121
Goodwill		168
Other non-current assets		9
Total assets acquired		349
Current liabilities		14
Non-current deferred taxes		32
Other non-current liabilities		1
Total liabilities assumed		47
Fair value of assets acquired and liabilities assumed		302
Less: Cash and cash equivalents acquired		(34	)
Total purchase price, net of cash and cash equivalents acquired	$	268

Allocation of Acquired Intangible Assets and Related Estimates of Useful Lives

The following table reflects the allocation of the acquired intangible assets and related estimate of useful lives:

Atotech Limited [Member]

Business Acquisition [Line Items]

Summary of Purchase Price

The purchase price of Atotech consisted of the following:


Cash consideration to Atotech stockholders, net	$	2,886
Value of MKS shares issued		1,186
Repayment of Atotech debt(1)		1,545
Settlement of Atotech share-based awards(2)		47
Total purchase price, net of cash and cash equivalents acquired	$	5,664

(1)

Represents the cash paid for the outstanding principal of Atotech's senior secured term loans.

(2)

Represents the amount paid to the holders of Atotech options that became fully vested on the Effective Date and the fair value of vested but unissued Atotech share-based awards.

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price to the preliminary fair values assigned to assets acquired and liabilities assumed at the Effective Date:


Cash and cash equivalents	$	238
Trade accounts receivable		283
Inventories		244
Other current assets		104
Property, plant and equipment		381
Intangible assets		2,726
Goodwill		3,064
Other assets		131
Total assets acquired		7,171
Accounts payable		194
Other current liabilities		166
Non-current deferred taxes		729
Non-current accrued compensation		99
Other non-current liabilities		81
Total liabilities assumed		1,269
Fair value of assets acquired and liabilities assumed		5,902
Less: Cash and cash equivalents acquired		(238	)
Total purchase price, net of cash and cash equivalents acquired	$	5,664

Allocation of Acquired Intangible Assets and Related Estimates of Useful Lives

The following table reflects the preliminary allocation of the acquired intangible assets and related estimate of useful lives at the Effective Date:


Customer relationships	$	1,756	11-14 years
Completed technology		595	8-9 years
Trade names		145	16 years
Backlog		40	1.5 years
In-process research and development		190
	$	2,726

Schedule of Unaudited Pro Forma Financial Information


	Years Ended December 31,
	2022		2021
Total net revenues	$	4,450	$	4,450
Net income	$	197	$	292

The unaudited pro forma information for the year ended December 31, 2022 and 2021 give effect primarily to the following:

•

Applying the Company's accounting policies;

•

Incremental interest expense related to the New Term Loan Facility;

•

Incremental amortization of acquired intangible assets related to the estimated fair value from the purchase price allocation;

•

The exclusion of inventory step-up amortization in 2022 and the addition of this amortization to 2021;

•

Incremental depreciation of acquired property, plant and equipment related to the estimated fair value from the purchase price allocation;

•

Incremental compensation expense for share-based compensation arrangements; and

The estimated tax impact of the above adjustments.

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2022

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:


	2022			2021
Beginning balance, January 1(1)	$	40		$	37
Assumed deferred revenue and customer advances from Atotech Acquisition		36			—
Additions to deferred revenue and customer advances		180			172
Amount of deferred revenue and customer advances recognized in income		(160	)		(169	)
Ending balance, December 31(2)	$	96		$	40

(1)

(2)

Summary of Revenue from Contracts with Customers

The following table summarizes revenue from contracts with customers:


	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


	Year Ended December 31, 2020
	VSD		PSD		MSD		Total
Net revenues:
Products	$	1,222	$	793	$	—	$	2,015
Services		184		131		—		315
Total net revenues	$	1,406	$	924	$	—	$	2,330

Investments (Tables)

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Gross Unrealized Gains and (Losses) Aggregated by Investment Category

The following table shows the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments:


As of December 31, 2022	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Short-term investments:
Available-for-sale investments:
Time deposits and certificates of deposit	$	1	$	—	$	—	$	1
	$	1	$	—	$	—	$	1


As of December 31, 2022:	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Long-term investments:
Available-for-sale investments:
Group insurance contracts	$	5	$	1	$	—	$	6


As of December 31, 2021:	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Short-term investments:
Available-for-sale investments:
Time deposits and certificates of deposit	$	22	$	—	$	—	$	22
Commercial paper		42		—		—		42
U.S. treasury obligations		11		—		—		11
U.S. agency obligations		1		—		—		1
	$	76	$	—	$	—	$	76


As of December 31, 2021	Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value
Long-term investments:
Available-for-sale investments:
Group insurance contracts	$	5	$	1	$	—	$	6

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2022, are summarized as follows:


			Fair Value Measurements at Reporting Date Using
Description	December 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	60	$	60	$	—	$	—
Available-for-sale securities:
Time deposits and certificates of deposit		1		—		1		—
Group insurance contracts		6		—		6		—
Derivatives
Foreign exchange forward contracts		7		—		7		—
Interest rate hedge-non-current		104		—		104		—
Pension and deferred compensation plan assets		17		—		17		—
Total assets	$	195	$	60	$	135	$	—
Liabilities:
Derivatives
Foreign exchange forward contracts	$	8	$	—	$	8	$	—
Total liabilities	$	8	$	—	$	8	$	—
Reported as follows:
Assets:
Cash and cash equivalents	$	60	$	60	$	—	$	—
Short-term investments		1		—		1		—
Other current assets		8		—		8		—
Total current assets	$	69	$	60	$	9	$	—
Other assets	$	126	$	—	$	126	$	—
Liabilities:
Other current liabilities	$	8	$	—	$	8	$	—

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2021, are summarized as follows:


			Fair Value Measurements at Reporting Date Using
Description	December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	55	$	55	$	—	$	—
U.S. treasury obligations		175		—		175		—
Available-for-sale securities:
Time deposits and certificates of deposit		22		—		22		—
Commercial paper		42		—		42		—
U.S. treasury obligations		12		—		12		—
U.S. agency obligations		1		—		1		—
Group insurance contracts		6		—		6		—
Derivatives-foreign exchange forward contracts		4		—		4		—
Derivatives-foreign currency options		3		—		3		—
Derivatives-interest rate hedge-non-current		9		—		9		—
Funds in investments and other assets:
Israeli pension assets		20		—		20		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		2		—		2		—
Total assets	$	351	$	55	$	296	$	—
Liabilities:
Derivatives – foreign exchange forward contracts	$	1	$	—	$	1	$	—
Derivatives – interest rate hedge – non-current		5		—		5		—
Total liabilities	$	6	$	—	$	6	$	—
Reported as follows:
Assets:
Cash and cash equivalents	$	230	$	55	$	175	$	—
Short-term investments		77		—		77		—
Other current assets		7		—		7		—
Total current assets	$	314	$	55	$	259	$	—
Long-term investments	$	6	$	—	$	6	$	—
Other assets		31		—		31		—
Total long-term assets	$	37	$	—	$	37	$	—
Liabilities:
Other current liabilities	$	1	$	—	$	1	$	—
Other liabilities	$	5	$	—	$	5	$	—

Other Fair Value Disclosures

The estimated fair value and carrying value of the Company’s debt as of December 31, 2022 and 2021 is as follows:


	2022				2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt, excluding deferred financing costs	$	5,122	$	5,071	$	825	$	824

Schedule of Estimated Fair Value and Carrying Value of Company's Debt

The estimated fair value and carrying value of the Company’s debt as of December 31, 2022 and 2021 is as follows:


	2022				2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt, excluding deferred financing costs	$	5,122	$	5,071	$	825	$	824

Derivatives (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Primary Net Hedging Positions and Corresponding Fair Values

The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of December 31, 2022 and 2021:


	December 31, 2022
Currency Hedged (Buy/Sell)	Net Notional Value		Fair Value Asset (Liability)
U.S. dollar/Japanese yen	$	57	$	—
U.S. dollar/South Korean won		75		(4	)
U.S. dollar/Taiwan dollar		33		1
U.S. dollar/U.K. pound sterling		7		—
U.S. dollar/Singapore dollar		1		—
U.S. dollar/Chinese renminbi		9		—
euro/U.S. dollar		485		1
euro/Chinese renminbi		31		1
U.K. pound sterling/euro		4		—
Total	$	702	$	(1	)


	December 31, 2021
Currency Hedged (Buy/Sell)	Net Notional Value		Fair Value Asset
U.S. dollar/Japanese yen	$	60	$	2
U.S. dollar/South Korean won		108		1
U.S. dollar/euro		15		—
U.S. dollar/U.K. pound sterling		11		—
U.S. dollar/Taiwan dollar		47		—
Total	$	241	$	3

Summary of Net Gain (Loss) on Derivatives Designated as Cash Flow Hedging Instruments

The following table provides a summary of the net gain (loss) on derivatives designated as cash flow hedging instruments:


	Years Ended December 31,
Foreign exchange forward contracts:	2022		2021			2020
Net gain (loss) recognized in accumulated OCI	$	50	$	20		$	(11	)
Net gain (loss) reclassified from accumulated OCI into income	$	18	$	(2	)	$	2

Summary of Various Interest Rate Hedges

The table below summarizes interest rate swaps and interest rate caps outstanding at December 31, 2022 and December 31, 2021:


									As of December 31,
									2022		2021
Effective Date	Maturity	Fixed Rate			Notional Amount at Effective Date		Notional Amount at December 31, 2022		Fair Value Asset (Liability)		Fair Value Asset (Liability)
April 5, 2019	March 31, 2023		2.309	%	$	300	$	200	$	1	$	(5	)
October 26, 2021	February 28, 2025		0.485	%		200		200		16		4
March 31, 2022	February 28, 2025		0.623	%		100		100		22		5
September 30, 2022	September 30, 2026		3.156	%		350		350		8		—
January 2, 2024	January 31, 2028		2.841	%		250		—		5		—
September 30, 2022	September 30, 2027		3.198	%		350		350		8		—
January 2, 2024	January 31, 2029		2.986	%		250		—		4		—
September 30, 2022	September 30, 2026		3.358	%		600		600		10		—
						2,400		1,800		74		4

March 31, 2020	January 31, 2024		1.000	%		350		350		15		—
March 31, 2020	January 31, 2024		1.000	%		350		350		15		—
						700		700		30		—
		Total			$	3,100	$	2,500	$	104	$	4

Summary of Gain (Loss) on Derivatives Not Designated as Cash Flow Hedging Instruments

The following table provides a summary of gain (loss) on derivatives not designated as cash flow hedging instruments:


	Years Ended December 31,
	2022			2021		2020
Net (loss) gain recognized in income	$	(8	)	$	5	$	(2	)

Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories consist of the following:


	Years Ended December 31,
	2022		2021
Raw material	$	689	$	394
Work-in-process		115		83
Finished goods		173		100
Total	$	977	$	577

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment

Property, plant and equipment consist of the following:


	Years Ended December 31,
	2022		2021
Land	$	75	$	12
Buildings and building improvements		330		133
Machinery and equipment		611		428
Furniture and fixtures, office equipment and software		214		187
Leasehold improvements		157		152
Construction in progress		75		27
		1,462		939
Less: accumulated depreciation		662		613
Total	$	800	$	326

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Elements of Lease Payments

The elements of lease expense were as follows:


	Years Ended December 31,
	2022		2021
Operating lease(1)	$	27	$	28
Finance lease		3		—
Short-term lease		10		4
Total lease expense	$	13	$	32

(1)

Operating lease expense includes an immaterial amount of variable expenses, offset by certain sublease rental income.

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
	2022		2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used for operating leases(1)	$	28	$	13
Financing cash flows used for finance leases		2		—

ROU assets obtained in exchange for new lease liabilities
Operating leases		7		24
Finance leases		3		—

(1)

Operating cash flows used for operating leases for the year ended December 31, 2022 and 2021 include an immaterial amount of tenant improvement allowance receipts.

Summary of Weighted Average Remaining Terms for All Leases

The weighted average remaining terms for all leases were as follows:


	Years Ended December 31,
	2022			2021
Weighted-average remaining lease term in years-operating leases		13.4			14.2
Weighted-average remaining lease term in years-finance leases		11.3			—
Weighted-average discount rate-operating leases		3.0	%		3.0	%
Weighted-average discount rate-finance leases		3.9	%		—

Future Lease Payment Under Non-Cancelable Lease

Future lease payments under non-cancelable leases as of December 31, 2022 are detailed as follows:


Year Ending December 31,	Operating Leases		Finance Leases
2023	$	26	$	7
2024		23		6
2025		20		6
2026		17		4
2027		15		4
Thereafter		150		21
Total lease payments		251		48
Less: imputed interest		47		11
Total lease liabilities	$	204	$	37

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amount of goodwill and accumulated impairment losses were as follows:


	2022							2021
	Gross Carrying Amount		Accumulated Impairment Loss			Net		Gross Carrying Amount			Accumulated Impairment Loss			Net
Beginning balance at January 1	$	1,374	$	(146	)	$	1,228	$	1,212		$	(146	)	$	1,066
Acquired goodwill (1)		3,064		—			3,064		168			—			168
Foreign currency translation		16		—			16		(6	)		—			(6	)
Ending balance at December 31	$	4,454	$	(146	)	$	4,308	$	1,374		$	(146	)	$	1,228

(1)

Components of Intangible Assets

Intangible Assets

Components of the Company's intangible assets are comprised of the following:


As of December 31, 2022	Gross		Accumulated Impairment Charges			Accumulated Amortization			Foreign Currency Translation		Net
Completed technology(1)	$	1,151	$	—		$	(303	)	$	4	$	852
Customer relationships(1)		2,072		(1	)		(190	)		11		1,892
Patents, trademarks, trade names and other(1)		498		—			(71	)		2		429
	$	3,721	$	(1	)	$	(564	)	$	17	$	3,173

(1)


As of December 31, 2021	Gross		Accumulated Impairment Charges			Accumulated Amortization			Foreign Currency Translation			Net
Completed technology(1)	$	556	$	—		$	(242	)	$	—		$	314
Customer relationships(1)		318		(1	)		(124	)		(1	)		192
Patents, trademarks, trade names and other(1)		123		—			(52	)		(1	)		70
	$	997	$	(1	)	$	(418	)	$	(2	)	$	576

(1)

Estimated Net Amortization Expense

Aggregate net amortization expense related to acquired intangible assets for future years is:


Year	Amount
2023	$	286
2024		257
2025		256
2026		252
2027		251
Thereafter		1,625

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Product Warranties (Tables)

12 Months Ended

Dec. 31, 2022

Guarantees and Product Warranties [Abstract]

Product Warranty Activities

Product warranty activities were as follows:


	Years Ended December 31,
	2022			2021
Beginning balance	$	21		$	18
Provision for product warranties		31			38
Assumed product warranty liability from Photon Control Acquisition		—			1
Assumed product warranty liability from Atotech Acquisition		5			—
Direct and other charges to warranty liability		(30	)		(36	)
Ending balance	$	27		$	21

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:


	December 31, 2022		December 31, 2021
Short-term debt:
New Term Loan Facility	$	93	$	—
Prior Term Loan Facility		—		9
Total short-term debt	$	93	$	9
Long-term debt:
New Term Loan Facility, net(1)	$	4,834	$	—
Prior Term Loan Facility, net(1)		—		808
Total long-term debt	$	4,834	$	808

(1)

Net of remaining deferred financing fees, original issuance discount and repricing fees in the aggregate of $195 and $8 as of December 31, 2022 and 2021, respectively.

Schedule of Contractual Maturities of Debt Obligations

Contractual maturities of the Company’s debt obligations as of December 31, 2022 are as follows:


Year	Amount
2023	$	93
2024		93
2025		110
2026		115
2027		695
Thereafter		4,016

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Reconciliation of Company's Effective Tax Rate to U.S. Federal Statutory Rate

A reconciliation of the Company’s effective tax rate to the U.S. federal statutory rate is as follows:


	Years Ended December 31,
	2022			2021			2020
U.S. federal statutory tax rate		21.0	%		21.0	%		21.0	%
Federal tax credits		(1.5	)		(0.7	)		(1.5	)
State income taxes, net of credits and net of federal benefit		(0.3	)		1.5			1.1
Effect of foreign operations taxed at various rates		(6.8	)		(4.5	)		(5.0	)
Executive compensation		1.5			0.9			1.1
Foreign derived intangible income deduction		(4.8	)		(1.7	)		(1.5	)
Global intangible low taxed income, net of foreign tax credits		3.6			0.5			0.9
Stock-based compensation		0.3			(0.5	)		(0.7	)
Deferred tax asset valuation allowance		(0.4	)		(0.8	)		0.6
Change in income tax reserves (including interest)		0.8			(0.6	)		—
Withholding taxes on foreign dividends, net of foreign tax credits		10.7			1.5			0.7
Other		(1.0	)		0.4			0.5
		23.1	%		17.1	%		17.2	%

Components of Income Before Income Taxes and Related Provision (benefit) for Income Taxes

The components of income before income taxes and the related provision (benefit) for income taxes consist of the following:


	Years Ended December 31,
	2022			2021			2020
Income before income taxes:
United States	$	(90	)	$	249		$	132
Foreign		523			416			291
	$	433		$	665		$	423
Current taxes:
United States	$	40		$	38		$	29
State		7			10			6
Foreign		99			64			45
		146			112			80
Deferred taxes:
United States		(68	)		5			(8	)
State and Foreign		22			(3	)		1
		(46	)		2			(7	)
Provision for income taxes	$	100		$	114		$	73

Significant Components of Deferred Tax Assets and Deferred Tax Liabilities

The significant components of the deferred tax assets and deferred tax liabilities are as follows:


	December 31,
	2022			2021
Deferred tax assets:
Interest, loss, and credit carryforwards	$	224		$	49
Inventory and warranty reserves		50			37
Accrued expenses and other reserves		22			16
Stock-based compensation		3			4
Executive supplemental retirement benefits		1			1
Capitalized research expenditures		31			—
Loan costs		9			—
Lease liability		55			45
Other		4			1
Total deferred tax assets	$	399		$	153

Deferred tax liabilities:
Acquired intangible assets and goodwill	$	(781	)	$	(137	)
Depreciation and amortization		(62	)		(23	)
Loan costs		—			(2	)
Right-of-use asset		(55	)		(41	)
Foreign withholding taxes		(56	)		(6	)
Unrealized gain		(14	)		(2	)
Total deferred tax liabilities		(968	)		(211	)
Valuation allowance		(181	)		(26	)
Net deferred tax liabilities	$	(750	)	$	(84	)

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties, is as follows:


	Years Ended December 31,
	2022			2021			2020
Balance at beginning of year	$	43		$	47		$	44
Increases for tax positions taken during prior years		35			—			1
Increases for tax positions taken during the current year		9			2			6
Reductions related to expiration of statutes of limitations and audit settlements		(4	)		(6	)		(4	)
Balance at end of year	$	83		$	43		$	47

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Activity for RSUs

The following tables present the activity for the RSUs under the Plans:


	Year ended December 31, 2022
	RSUs			Weighted Average Grant Date Fair Value
RSUs — beginning of period		0.5		$	127.93
RSUs issued in Atotech Acquisition		0.1		$	110.30
Granted		0.5		$	111.60
Vested		(0.3	)	$	118.06
RSUs — end of period		0.8		$	118.96


	Year ended December 31, 2021
	RSUs			Weighted Average Grant Date Fair Value
RSUs — beginning of period		0.6		$	93.26
Granted		0.2		$	177.71
Vested		(0.3	)	$	95.95
RSUs — end of period		0.5		$	127.93

Effect of Recording Stock-Based Compensation

The following table reflects the effect of recording stock-based compensation:


	Years Ended December 31,
	2022			2021			2020
Stock-based compensation expense by type of award:
RSUs	$	42		$	34		$	27
Employee stock purchase plan		3			3			3
Total stock-based compensation		45			37			30
Windfall tax effect on stock-based compensation		(1	)		(5	)		(2	)
Net effect on net income	$	44		$	32		$	28
Effect on net earnings per share:
Basic	$	0.74		$	0.58		$	0.49
Diluted	$	0.73		$	0.58		$	0.49

Pre-Tax Effect Within Consolidated Statements of Operations of Recording Stock-Based Compensation

The pre-tax effect within the consolidated statements of operations and comprehensive income of recording stock-based compensation was as follows:


	Years Ended December 31,
	2022		2021		2020
Cost of revenues	$	5	$	4	$	4
Research and development expense		6		5		4
Selling, general and administrative expense		34		28		21
Acquisition and integration related expense		—		—		1
Total pre-tax stock-based compensation expense	$	45	$	37	$	30

Fair Value of Employee Purchase Rights Estimated using Black-Scholes Option-Pricing Model

The fair value of employee stock purchase plan rights was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:


	Years Ended December 31,
Employee stock purchase plan rights:	2022			2021			2020
Expected life (years)		0.5			0.5			0.5
Risk-free interest rate		0.9	%		0.1	%		0.9	%
Expected volatility		41.9	%		39.3	%		45.4	%
Expected annual dividends per share	$	0.88		$	0.88		$	0.80

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	%

Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

The following is a reconciliation of basic to diluted net income per share:


	Years Ended December 31,
Numerator:	2022		2021		2020
Net income	$	333	$	551	$	350
Denominator:
Shares used in net income per common share – basic		59.7		55.4		55.1
Effect of dilutive securities		0.2		0.3		0.2
Shares used in net income per common share – diluted		59.9		55.7		55.3
Net income per common share:
Basic	$	5.57	$	9.95	$	6.36
Diluted	$	5.56	$	9.90	$	6.33

Business Segment, Geographic Area, Product Information and Significant Customer Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following table sets forth net revenues by reportable segment:


	Years Ended December 31,
	2022		2021		2020
Vacuum Solutions Division	$	1,966	$	1,862	$	1,406
Photonics Solutions Division		1,064		1,088		924
Materials Solutions Division		517		—		—
	$	3,547	$	2,950	$	2,330

The following table sets forth segment assets by reportable segment:


	Accounts Receivable			Inventory		Total
December 31, 2022
Vacuum Solutions Division	$	307		$	491	$	798
Photonics Solutions Division		210			296		506
Materials Solutions Division		298			190		488
Corporate, Eliminations & Other		(95	)		—		(95	)
Total segment assets	$	720		$	977	$	1,697


	Accounts Receivable			Inventory			Total
December 31, 2021
Vacuum Solutions Division	$	285		$	339		$	624
Photonics Solutions Division		183			239			422
Materials Solutions Division		—			—			—
Corporate, Eliminations & Other		(25	)		(1	)		(26	)
Total segment assets	$	443		$	577		$	1,020

Goodwill associated with each of the Company’s reportable segments is as follows:


	December 31,
	2022		2021
Vacuum Solutions Division	$	195	$	195
Photonics Solutions Division		1,026		1,033
Materials Solutions Division		3,087		—
Total goodwill	$	4,308	$	1,228

Reconciliation of Segment Gross Profit to Consolidated Net Income

The following table sets forth a reconciliation of segment gross profit to consolidated net income:


	Years Ended December 31,
	2022			2021		2020
Gross profit by reportable segment:
Vacuum Solutions Division	$	856		$	868	$	633
Photonics Solutions Division		499			512		416
Materials Solutions Division		192			—		—
Total gross profit by reportable segment		1,547			1,380		1,049
Operating expenses:
Research and development		241			200		173
Selling, general and administrative		488			385		353
Acquisition and integration costs		52			30		4
Restructuring and other		10			11		10
Amortization of intangible assets		146			55		55
Gain on sale of long-lived assets		(7	)		—		—
Income from operations		617			699		454
Interest income		(4	)		—		(1	)
Interest expense		177			25		29
Other expense, net		11			9		3
Income before income taxes		433			665		423
Provision for income taxes		100			114		73
Net income	$	333		$	551	$	350

Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment

The following table set forth capital expenditures by reportable segment:


	Years Ended December 31,
	2022		2021		2020
Vacuum Solutions Division	$	96	$	37	$	36
Photonics Solutions Division		40		50		49
Materials Solutions Division		28		—		—
Total capital expenditures	$	164	$	87	$	85

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


	Years Ended December 31,
	2022		2021		2020
Vacuum Solutions Division	$	24	$	23	$	20
Photonics Solutions Division		88		81		79
Materials Solutions Division		104		—		—
Total depreciation and amortization	$	216	$	104	$	99

Reconciliation of Segment Assets to Consolidated Total Assets

The following is a reconciliation of segment assets to consolidated total assets:


	December 31,
	2022		2021
Total segment assets	$	1,697	$	1,020
Cash and cash equivalents and short-term investments		910		1,042
Other current assets		187		85
Property, plant and equipment, net		800		326
Right-of-use assets		234		184
Goodwill and intangible assets, net		7,481		1,804
Other assets and long-term assets		186		79
Consolidated total assets	$	11,495	$	4,540

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 net revenues.


	Years Ended December 31,
	2022		2021		2020
Net revenues:
United States	$	1,479	$	1,259	$	1,059
China		497		355		274
South Korea		360		386		279
Germany		243		144		125
Other		968		806		593
	$	3,547	$	2,950	$	2,330

Long-lived assets include property, plant and equipment, net, right-of-use assets, and certain other assets, and exclude goodwill, intangible assets and long-term tax-related accounts.


	December 31,
	2022		2021
Long-lived assets:
United States	$	508	$	412
Germany		160		18
China		175		16
Other		343		128
	$	1,186	$	574

Business Segment, Geographic Area, Product/Service Offerings and Significant Customer Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary of Net Revenues by Major Customers

The Company had two customers with net revenues greater than or equal to 10% of total net revenues for the years ended December 31, 2022, 2021 and 2020, as shown below.


	Years Ended December 31,
	2022	2021	2020
Lam Research Corporation	14%	15%	14%
Applied Materials, Inc.	10%	11%	11%

Restructuring and Other (Tables)

12 Months Ended

Dec. 31, 2022

Expense Of Restructuring Activities And Other [Abstract]

Schedule of Company's Restructuring Activity

The activity related to the Company’s restructuring accrual is shown below:


	2022			2021
Balance at January 1	$	3		$	—
Charged to expense		10			7
Payments and adjustments		(10	)		(4	)
Balance at December 31	$	3		$	3

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Customer	Dec. 31, 2021 USD ($) Customer	Dec. 31, 2020 USD ($)
Schedule Of Significant Accounting Policies [Line Items]
Minimum period of company's research and development projects	3 months
Maximum period of company's research and development projects	36 months
Vesting period	3 years
Number of customers \| Customer	0	1
Amortization period of leasehold improvements	shorter of the lease term or the estimated useful life of the leased asset.
Minimum percentage of recognition of tax benefits from uncertain tax positions	50.00%
Other Expense [Member]
Schedule Of Significant Accounting Policies [Line Items]
Net foreign exchange losses from re-measurement \| $	$ 5	$ 9	$ 4
Customer Concentration Risk [Member] \| Semiconductor Products [Member] \| Sales Revenue, Net [Member]
Schedule Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	58.00%	62.00%	59.00%
Customer Concentration Risk [Member] \| One Customer [Member] \| Accounts Receivable [Member]
Schedule Of Significant Accounting Policies [Line Items]
Concentration risk, percentage		18.00%
Minimum [Member]
Schedule Of Significant Accounting Policies [Line Items]
Intangible assets amortized period	1 year
Minimum [Member] \| Building [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	10 years
Minimum [Member] \| Machinery and Equipment [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Minimum [Member] \| Furniture and Fixtures [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Minimum [Member] \| Office Equipment [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Minimum [Member] \| Customer Concentration Risk [Member] \| Zero Customer [Member] \| Accounts Receivable [Member]
Schedule Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	10.00%
Minimum [Member] \| Accounting Standards Codification Topic 606 adjustment [Member]
Schedule Of Significant Accounting Policies [Line Items]
Company's normal payment terms	30 days
Warranty period	12 months
Term of separately priced contracts	12 months
Maximum [Member]
Schedule Of Significant Accounting Policies [Line Items]
Intangible assets amortized period	18 years
Maximum [Member] \| Building [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	50 years
Maximum [Member] \| Machinery and Equipment [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	18 years
Maximum [Member] \| Furniture and Fixtures [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	18 years
Maximum [Member] \| Office Equipment [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives	18 years
Maximum [Member] \| Accounting Standards Codification Topic 606 adjustment [Member]
Schedule Of Significant Accounting Policies [Line Items]
Company's normal payment terms	60 days
Warranty period	24 months
Term of separately priced contracts	60 months
Remaining performance obligation period	1 year	1 year

Acquisition - Additional Information (Detail) $ in Thousands			12 Months Ended
	Aug. 17, 2022 USD ($) shares	Jul. 15, 2021 CAD ($)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Adjustments recorded to correct overstatement of goodwill			$ 43,000,000
Adjustments recorded to correct overstatement of intangible assets, net			56,000,000
Adjustments recorded to correct overstatement of non-current deferred tax liabilities			38,000,000
Understatement of accumulated other comprehensive income and other comprehensive income			$ 61,000,000
Minimum [Member]
Business Acquisition [Line Items]
Acquired intangible assets, estimated useful lives			1 year
Maximum [Member]
Business Acquisition [Line Items]
Acquired intangible assets, estimated useful lives			18 years
Photon Control Inc [Member]
Business Acquisition [Line Items]
Date of completed previously announced acquisition		Jul. 15, 2021
Price per share of common stock in cash		$ 3,600
Atotech Limited [Member]
Business Acquisition [Line Items]
Price per share of common stock in cash	$ 16.20
Number of shares received per common shares \| shares	0.0552
Aggregate number of common stock issued \| shares	10,700,000
Compensation expense			$ 52,000,000
Atotech Limited [Member] \| In Process Research and Development [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Acquired intangible assets, estimated useful lives	8 years
Atotech Limited [Member] \| In Process Research and Development [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Acquired intangible assets, estimated useful lives	9 years

Acquisition - Summary of Purchase Price (Detail) - USD ($) $ in Millions			12 Months Ended
	Aug. 17, 2022	Jul. 15, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Repayment of Atotech debt			$ 962	$ 15	$ 84
Total purchase price, net of cash and cash equivalents acquired			$ 4,473	$ 268	$ 0
Photon Control Inc [Member]
Business Acquisition [Line Items]
Cash paid for outstanding shares		$ 302
Less: Cash and cash equivalents acquired		(34)
Total purchase price, net of cash and cash equivalents acquired		$ 268
Atotech Limited [Member]
Business Acquisition [Line Items]
Cash paid for outstanding shares	$ 2,886
Value of MKS shares issued	1,186
Repayment of Atotech debt	1,545
Settlement of share-based awards	47
Total purchase price, net of cash and cash equivalents acquired	5,664
Total purchase price, net of cash and cash equivalents acquired	$ 5,664

Acquisition - Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions			12 Months Ended
	Aug. 17, 2022	Jul. 15, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Acquisition Date [Line Items]
Goodwill			$ 4,308	$ 1,228	$ 1,066
Total purchase price, net of cash and cash equivalents acquired			$ 4,473	$ 268	$ 0
Photon Control Inc [Member]
Acquisition Date [Line Items]
Cash and cash equivalents		$ 34
Current assets		51
Intangible assets		121
Goodwill		168
Other assets		9
Total assets acquired		349
Current liabilities		14
Non-current deferred taxes		32
Other non-current liabilities		1
Total liabilities assumed		47
Fair value of assets acquired and liabilities assumed		302
Less: Cash and cash equivalents acquired		(34)
Total purchase price, net of cash and cash equivalents acquired		$ 268
Atotech Limited [Member]
Acquisition Date [Line Items]
Cash and cash equivalents	$ 238
Trade accounts receivable	283
Inventories	244
Other current assets	104
Property, plant and equipment	381
Intangible assets	2,726
Goodwill	3,064
Other assets	131
Total assets acquired	7,171
Accounts payable	194
Other current liabilities	166
Non-current deferred taxes	729
Non-current accrued compensation	99
Other non-current liabilities	81
Total liabilities assumed	1,269
Fair value of assets acquired and liabilities assumed	5,902
Less: Cash and cash equivalents acquired	(238)
Total purchase price, net of cash and cash equivalents acquired	$ 5,664

Acquisition - Allocation of Acquired Intangible Assets and Liabilities Related Estimates of Useful Lives (Detail) - USD ($) $ in Millions			12 Months Ended
	Aug. 17, 2022	Jul. 15, 2021	Dec. 31, 2022	Dec. 31, 2021
Minimum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives			1 year
Maximum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives			18 years
Photon Control Inc [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 121		$ 121
Photon Control Inc [Member] \| Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 9		9
Acquired intangible assets, estimated useful lives		10 years
Photon Control Inc [Member] \| Completed Technology [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 110		$ 110
Acquired intangible assets, estimated useful lives		9 years
Photon Control Inc [Member] \| Backlog [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 2
Acquired intangible assets, estimated useful lives		1 year 6 months
Atotech Limited [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 2,726		$ 2,726
Atotech Limited [Member] \| Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 1,756		1,756
Atotech Limited [Member] \| Customer Relationships [Member] \| Minimum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	11 years
Atotech Limited [Member] \| Customer Relationships [Member] \| Maximum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	14 years
Atotech Limited [Member] \| Completed Technology [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 595		$ 595
Atotech Limited [Member] \| Completed Technology [Member] \| Minimum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	8 years
Atotech Limited [Member] \| Completed Technology [Member] \| Maximum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	9 years
Atotech Limited [Member] \| Trade Names [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 145
Acquired intangible assets, estimated useful lives	16 years
Atotech Limited [Member] \| In Process Research and Development [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 190
Atotech Limited [Member] \| In Process Research and Development [Member] \| Minimum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	8 years
Atotech Limited [Member] \| In Process Research and Development [Member] \| Maximum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	9 years
Atotech Limited [Member] \| Backlog [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 40
Acquired intangible assets, estimated useful lives	1 year 6 months

Acquisition - Schedule of Consolidated Net Revenue and Earnings (Detail) - Atotech Limited [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Acquisition Date [Line Items]
Total net revenues	$ 4,450	$ 4,450
Net loss	$ 197	$ 292

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounting Standards Codification Topic 606 adjustment [Member]
Change in Contract with Customer, Liability [Line Items]
Contract assets	$ 46	$ 4

Revenue from Contracts with Customers - Schedule of Deferred Revenue and Customer Advances by Arrangement (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in Contract with Customer, Liability [Abstract]
Beginning balance, January 1	$ 40	$ 37
Assumed deferred revenue and customer advances from Atotech Acquisition	36
Additions to deferred revenue and customer advances	180	172
Amount of deferred revenue and customer advances recognized in income	(160)	(169)
Ending balance, December 31	$ 96	$ 40

Revenue from Contracts with Customers - Schedule of Deferred Revenue and Customer Advances by Arrangement (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2021	Jan. 01, 2021
Change in Contract with Customer, Liability [Line Items]
Long-term deferred revenue	$ 2	$ 3	$ 3	$ 6
Deferred revenue and customer advances	94		37
Deferred Revenue [Member]
Change in Contract with Customer, Liability [Line Items]
Deferred revenue and customer advances	15	16	16	18
Customer Advances [Member]
Change in Contract with Customer, Liability [Line Items]
Deferred revenue and customer advances	$ 79	$ 21	$ 21	$ 13

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net revenues	$ 3,547	$ 2,950	$ 2,330
Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	3,119	2,579	2,015
Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	428	371	315
VSD [Member]
Disaggregation of Revenue [Line Items]
Net revenues	1,966	1,862	1,406
VSD [Member] \| Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	1,720	1,629	1,222
VSD [Member] \| Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	246	233	184
PSD [Member]
Disaggregation of Revenue [Line Items]
Net revenues	1,064	1,088	924
PSD [Member] \| Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	913	950	793
PSD [Member] \| Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	151	138	131
Materials Solutions Division [Member]
Disaggregation of Revenue [Line Items]
Net revenues	517	0	0
Materials Solutions Division [Member] \| Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	486	0	0
Materials Solutions Division [Member] \| Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	$ 31	$ 0	$ 0

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 41
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
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-Paragraph 1
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-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Investments - Gross Unrealized Gains and (Losses) Aggregated by Investment Category (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost	$ 1	$ 76
Investments, Gross Unrealized Gains	0	0
Investments, Gross Unrealized (Losses)	0	0
Investments, Estimated Fair Value	1	76
Time Deposits and Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost	1	22
Investments, Gross Unrealized Gains	0	0
Investments, Gross Unrealized (Losses)	0	0
Investments, Estimated Fair Value	1	22
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost		42
Investments, Gross Unrealized Gains		0
Investments, Gross Unrealized (Losses)		0
Investments, Estimated Fair Value		42
U.S. Treasury Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost		11
Investments, Gross Unrealized Gains		0
Investments, Gross Unrealized (Losses)		0
Investments, Estimated Fair Value		11
U.S. Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost		1
Investments, Gross Unrealized Gains		0
Investments, Gross Unrealized (Losses)		0
Investments, Estimated Fair Value		1
Group Insurance Contracts [Member] \| Long Term Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost	5	5
Investments, Gross Unrealized Gains	1	1
Investments, Gross Unrealized (Losses)	0	0
Investments, Estimated Fair Value	$ 6	$ 6

Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 1	$ 76
Short-term investments	1	76
Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		42
Fair Value Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	60	230
Derivatives-Pension and deferred compensation plan assets	17
Total assets	195	351
Total liabilities	$ 8	$ 6
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Short-term investments	$ 1	$ 77
Other current assets	8	7
Total current assets	69	314
Long-term investments		6
Other assets	126	31
Total long-term assets		37
Other current liabilities	8	1
Other liabilities		5
Fair Value Measurements, Recurring [Member] \| Interest Rate Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-interest rate hedge-non-current	104	9
Derivatives - interest rate hedge - non-current		5
Fair Value Measurements, Recurring [Member] \| Foreign Exchange Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign exchange forward contracts	7	4
Foreign exchange forward contracts	8	1
Fair Value Measurements, Recurring [Member] \| Derivatives Foreign Currency Options [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign currency options		3
Fair Value Measurements, Recurring [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		42
Fair Value Measurements, Recurring [Member] \| Group Insurance Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	6	6
Fair Value Measurements, Recurring [Member] \| Israeli Pension Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension assets		20
Fair Value Measurements, Recurring [Member] \| Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	60	55
Fair Value Measurements, Recurring [Member] \| Time Deposits and Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1	22
Fair Value Measurements, Recurring [Member] \| U.S. Treasury Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		175
Available-for-sale securities		12
Fair Value Measurements, Recurring [Member] \| U.S. Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		1
Fair Value Measurements, Recurring [Member] \| Mutual Funds and Exchange Traded Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets		2
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	60	55
Derivatives-Pension and deferred compensation plan assets	0
Total assets	60	55
Total liabilities	$ 0	$ 0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Short-term investments	$ 0	$ 0
Other current assets	0	0
Total current assets	60	55
Long-term investments		0
Other assets	0	0
Total long-term assets		0
Other current liabilities	0	0
Other liabilities		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Interest Rate Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-interest rate hedge-non-current	0	0
Derivatives - interest rate hedge - non-current		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Foreign Exchange Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign exchange forward contracts	0	0
Foreign exchange forward contracts	0	0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Derivatives Foreign Currency Options [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign currency options		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Group Insurance Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Israeli Pension Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension assets		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	60	55
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Time Deposits and Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| U.S. Treasury Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		0
Available-for-sale securities		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| U.S. Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0
Fair Value Measurements, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Mutual Funds and Exchange Traded Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets		0
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	175
Derivatives-Pension and deferred compensation plan assets	17
Total assets	135	296
Total liabilities	$ 8	$ 6
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Short-term investments	$ 1	$ 77
Other current assets	8	7
Total current assets	9	259
Long-term investments		6
Other assets	126	31
Total long-term assets		37
Other current liabilities	8	1
Other liabilities		5
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Interest Rate Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-interest rate hedge-non-current	104	9
Derivatives - interest rate hedge - non-current		5
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Foreign Exchange Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign exchange forward contracts	7	4
Foreign exchange forward contracts	8	1
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Derivatives Foreign Currency Options [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign currency options		3
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		42
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Group Insurance Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	6	6
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Israeli Pension Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension assets		20
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Time Deposits and Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1	22
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| U.S. Treasury Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		175
Available-for-sale securities		12
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| U.S. Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		1
Fair Value Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Mutual Funds and Exchange Traded Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets		2
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Derivatives-Pension and deferred compensation plan assets	0
Total assets	0	0
Total liabilities	$ 0	$ 0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Short-term investments	$ 0	$ 0
Other current assets	0	0
Total current assets	0	0
Long-term investments		0
Other assets	0	0
Total long-term assets		0
Other current liabilities	0	0
Other liabilities		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Interest Rate Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-interest rate hedge-non-current	0	0
Derivatives - interest rate hedge - non-current		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Foreign Exchange Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign exchange forward contracts	0	0
Foreign exchange forward contracts	0	0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Derivatives Foreign Currency Options [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives-foreign currency options		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Group Insurance Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Israeli Pension Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension assets		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Time Deposits and Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 0	0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| U.S. Treasury Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		0
Available-for-sale securities		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| U.S. Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0
Fair Value Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Mutual Funds and Exchange Traded Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets		$ 0

Fair Value Measurements - Schedule of Estimated Fair Value and Carrying Value of Company's Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt, excluding deferred financing costs, carrying value	$ 5,122	$ 825
Total debt, excluding deferred financing costs, fair value	$ 5,071	$ 824

Derivatives - Additional Information (Detail) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2021 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maximum period for hedging a portion of forecasted foreign currency denominated intercompany sales of inventory	18 months
Foreign Exchange Forward Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional values of outstanding forward foreign exchange contracts	$ 702			$ 241
Foreign Exchange Forward Contracts [Member] \| Atotech [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount in EUR/USD \| €			€ 300
Foreign Exchange Forward Contracts [Member] \| Atotech [Member] \| Other Expense, Net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized gain net of premium	$ 5
Foreign Exchange Forward Contracts [Member] \| Photon Control [Member] \| Other Expense, Net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value realized loss		$ 10

Derivatives - Summary of Primary Net Hedging Positions and Corresponding Fair Values (Detail) - Foreign Exchange Forward Contracts [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	$ 702	$ 241
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	(1)	3
U.S. Dollar/Japanese Yen [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	57	60
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	0	2
U.S. Dollar/South Korean Won [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	75	108
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	(4)	1
U.S. Dollar/euro [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net		15
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net		0
U.S. Dollar/Taiwan Dollar [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	33	47
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	1	0
U.S. Dollar/U.K. Pound Sterling [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	7	11
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	0	$ 0
U.S. Dollar/Singapore Dollar [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	1
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	0
U.S. Dollar/Chinese Renminbi [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	9
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	0
Euro US dollar [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	485
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	1
Euro Chinese Renminbi [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	31
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	1
U K Pound Sterling Euro [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	4
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	$ 0

Derivatives - Summary of Net Gain (Loss) on Derivatives Designated as Cash Flow Hedging Instruments (Detail) - Cash Flow Hedging [Member] - Foreign Exchange Forward Contracts [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in accumulated OCI	$ 50	$ 20	$ (11)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent
Net gain (loss) reclassified from accumulated OCI into income	$ 18	$ (2)	$ 2
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

Derivatives - Summary of Various Interest Rate Hedges (Detail) - Incremental Term Loan Facility [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional Amount at Effective Date	$ 3,100
Notional Amount	2,500
Fair Value Asset (Liability)	104	$ 4
Interest Rate Swaps [Member]
Derivative [Line Items]
Notional Amount at Effective Date	2,400
Notional Amount	1,800
Fair Value Asset (Liability)	$ 74	4
Interest Rate Swaps [Member] \| Swap Agreement One [Member]
Derivative [Line Items]
Effective Date	Apr. 05, 2019
Maturity	Mar. 31, 2023
Fixed Rate	2.309%
Notional Amount at Effective Date	$ 300
Notional Amount	200
Fair Value Asset (Liability)	$ 1	(5)
Interest Rate Swaps [Member] \| Swap Agreement Two [Member]
Derivative [Line Items]
Effective Date	Oct. 26, 2021
Maturity	Feb. 28, 2025
Fixed Rate	0.485%
Notional Amount at Effective Date	$ 200
Notional Amount	200
Fair Value Asset (Liability)	$ 16	4
Interest Rate Swaps [Member] \| Swap Agreement Three [Member]
Derivative [Line Items]
Effective Date	Mar. 31, 2022
Maturity	Feb. 28, 2025
Fixed Rate	0.623%
Notional Amount at Effective Date	$ 100
Notional Amount	100
Fair Value Asset (Liability)	$ 22	5
Interest Rate Swaps [Member] \| Swap Agreement Four [Member]
Derivative [Line Items]
Effective Date	Sep. 30, 2022
Maturity	Sep. 30, 2026
Fixed Rate	3.156%
Notional Amount at Effective Date	$ 350
Notional Amount	350
Fair Value Asset (Liability)	$ 8
Interest Rate Swaps [Member] \| Swap Agreement Five [Member]
Derivative [Line Items]
Effective Date	Jan. 02, 2024
Maturity	Jan. 31, 2028
Fixed Rate	2.841%
Notional Amount at Effective Date	$ 250
Notional Amount
Fair Value Asset (Liability)	$ 5
Interest Rate Swaps [Member] \| Swap Agreement Six [Member]
Derivative [Line Items]
Effective Date	Sep. 30, 2022
Maturity	Sep. 30, 2027
Fixed Rate	3.198%
Notional Amount at Effective Date	$ 350
Notional Amount	350
Fair Value Asset (Liability)	$ 8
Interest Rate Swaps [Member] \| Swap Agreement Seven [Member]
Derivative [Line Items]
Effective Date	Jan. 02, 2024
Maturity	Jan. 31, 2029
Fixed Rate	2.986%
Notional Amount at Effective Date	$ 250
Notional Amount
Fair Value Asset (Liability)	$ 4
Interest Rate Swaps [Member] \| Swap Agreement Eight [Member]
Derivative [Line Items]
Effective Date	Sep. 30, 2022
Maturity	Sep. 30, 2026
Fixed Rate	3.358%
Notional Amount at Effective Date	$ 600
Notional Amount	600
Fair Value Asset (Liability)	10
Interest Rate Caps [Member]
Derivative [Line Items]
Notional Amount at Effective Date	700
Notional Amount	700
Fair Value Asset (Liability)	$ 30
Interest Rate Caps [Member] \| Swap Agreement One [Member]
Derivative [Line Items]
Effective Date	Mar. 31, 2020
Maturity	Jan. 31, 2024
Fixed Rate	1.00%
Notional Amount at Effective Date	$ 350
Notional Amount	350
Fair Value Asset (Liability)	$ 15
Interest Rate Caps [Member] \| Swap Agreement Two [Member]
Derivative [Line Items]
Effective Date	Mar. 31, 2020
Maturity	Jan. 31, 2024
Fixed Rate	1.00%
Notional Amount at Effective Date	$ 350
Notional Amount	350
Fair Value Asset (Liability)	$ 15

Derivatives - Summary of Gain (Loss) on Derivatives Not Designated as Cash Flow Hedging Instruments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Foreign Exchange Forward Contracts [Member]
Derivative Instruments Gain Loss Not Designated As Hedging Instruments [Line Items]
Net (loss) gain recognized in income	$ (8)	$ 5	$ (2)

Inventories - Summary of Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw material	$ 689	$ 394
Work-in-process	115	83
Finished goods	173	100
Inventories	$ 977	$ 577

Inventories - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventory related excess and obsolete charges	$ 21	$ 16	$ 25

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 1,462	$ 939
Less: accumulated depreciation	662	613
Property, plant and equipment, net	800	326
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	75	12
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	330	133
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	611	428
Furniture and Fixtures, Office Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	214	187
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	157	152
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 75	$ 27

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation of property, plant and equipment	$ 70	$ 49	$ 44

Leases - Lease expense (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Lease cost:

Operating lease

^[1]

$ 27

$ 28

Finance Lease

Short-term lease

Total lease expense

$ 13

$ 32

[1]	Operating lease expense includes an immaterial amount of variable expenses, offset by certain sublease rental income.

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Leases [Abstract]

Operating cash flows used for operating leases

^[1]

$ 28

$ 13

Financing cash flows used for finance leases

ROU assets obtained in exchange for new lease liabilities, Operating leases

ROU assets obtained in exchange for new lease liabilities, Finance leases

Operating Lease, Right-of-Use Asset

$ 234

$ 184

[1]	Operating cash flows used for operating leases for the year ended December 31, 2022 and 2021 include an immaterial amount of tenant improvement allowance receipts.

Leases - Summary of Weighted Average Remaining Terms for All Leases (Details)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term in years-operating leases	13 years 4 months 24 days	14 years 2 months 12 days
Weighted-average remaining lease term in years-finance leases	11 years 3 months 18 days
Weighted-average discount rate-operating leases	3.00%	3.00%
Weighted-average discount rate-finance leases	3.90%	0.00%

Leases - Schedule of Future Lease Payments (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Operating Lease [Abstract]
2023	$ 26
2024	23
2025	20
2026	17
2027	15
Thereafter	150
Total lease payments	251
Less: imputed interest	47
Total lease liabilities	204
Finance Lease [Abstract]
2023	7
2024	6
2025	6
2026	4
2027	4
Thereafter	21
Total lease payments	48
Less: imputed interest	11
Total lease liabilities	$ 37
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities

Goodwill and Intangible Assets - Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance, Goodwill Gross Carrying Amount	$ 1,374	$ 1,212
Acquired goodwill, Gross Carrying Amount	3,064	168
Foreign currency translation, Gross Carrying Amount	16	(6)
Ending balance, Goodwill Gross Carrying Amount	4,454	1,374
Beginning balance, Accumulated Impairment Loss	(146)	(146)
Acquired goodwill, Accumulated Impairment Loss	0	0
Foreign Currency Translation, Accumulated Impairment Loss	0	0
Ending balance, Accumulated Impairment Loss	(146)	(146)
Beginning balance, Goodwill Net	1,228	1,066
Acquired goodwill, Net	3,064	168
Foreign currency translation, Net	16	(6)
Ending balance, Goodwill Net	$ 4,308	$ 1,228

Goodwill and Intangible Assets - Components of Intangible Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 3,721	$ 997
Accumulated Impairment Charges	$ 1	$ (1)
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Amortization of Intangible Assets	Amortization of Intangible Assets
Accumulated Amortization	$ (564)	$ (418)
Foreign Currency Translation	17	(2)
Intangible assets, net	3,173	576
Completed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	1,151	556
Accumulated Impairment Charges	0	0
Accumulated Amortization	303	242
Foreign Currency Translation	(4)	0
Intangible assets, net	852	314
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	2,072	318
Accumulated Impairment Charges	(1)	(1)
Accumulated Amortization	(190)	(124)
Foreign Currency Translation	11	(1)
Intangible assets, net	1,892	192
Patents, Trademarks, Trade Names and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	498	123
Accumulated Impairment Charges	0	0
Accumulated Amortization	(71)	(52)
Foreign Currency Translation	2	(1)
Intangible assets, net	$ 429	$ 70

Goodwill and Intangible Assets - Acquired Intangible Assets (Parenthetical) (Detail) - USD ($) $ in Millions			12 Months Ended
	Aug. 17, 2022	Jul. 15, 2021	Dec. 31, 2022	Dec. 31, 2021
Photon Control Inc [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 121		$ 121
Photon Control Inc [Member] \| Completed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		110		110
Photon Control Inc [Member] \| Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 9		9
Photon Control Inc [Member] \| Patents, Trademarks, Trade Names and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price				$ 2
Atotech Limited [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 2,726		$ 2,726
Atotech Limited [Member] \| Completed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	595		595
Atotech Limited [Member] \| Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 1,756		1,756
Atotech Limited [Member] \| Patents, Trademarks, Trade Names and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price			$ 375

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets [Line Items]
Amortization of intangible assets	$ 146	$ 55	$ 55
Intangible assets, not subject to amortization	$ 3,721	$ 997
Equipment Solutions Business [Member]
Goodwill And Intangible Assets [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount	10.00%
Trademarks and Trade Names [Member]
Goodwill And Intangible Assets [Line Items]
Un-amortized intangible assets	$ 56
In Process Research and Development [Member]
Goodwill And Intangible Assets [Line Items]
Intangible assets, not subject to amortization	$ 190

Goodwill and Intangible Assets - Estimated Net Amortization Expense (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 286
2024	257
2025	256
2026	252
2027	251
Thereafter	$ 1,625

Product Warranties - Product Warranty Activities (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Product Warranty Liability [Line Items]
Beginning balance	$ 21	$ 18
Provision for product warranties	31	38
Direct and other charges to warranty liability	(30)	(36)
Ending balance	27	21
Photon Control [Member]
Product Warranty Liability [Line Items]
Assumed product warranty liability from Photon Control Acquisition	0	1
Atotech [Member]
Product Warranty Liability [Line Items]
Assumed product warranty liability from Atotech Acquisition	$ 5	$ 0

Product Warranties - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other Current Liabilities [Member]
Product Warranty Liability [Line Items]
Short-term product warranties	$ 19	$ 20
Other Noncurrent Liabilities [Member]
Product Warranty Liability [Line Items]
Long-term product warranties	$ 8	$ 1

Debt - Schedule of Short-Term Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Short Term Debt [Line Items]
Short term debt	$ 93	$ 9
New Term Loan Facility [Member]
Short Term Debt [Line Items]
Short term debt	93	0
Prior Term Loan Facility [Member]
Short Term Debt [Line Items]
Short term debt	$ 0	$ 9

Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long term debt	$ 4,834	$ 808
New Term Loan Facility, Net [Member]
Debt Instrument [Line Items]
Long term debt	4,834	0
Prior Term Loan Facility, Net [Member]
Debt Instrument [Line Items]
Long term debt	$ 0	$ 808

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
New Term Loan Facility, Net [Member]
Debt Instrument [Line Items]
Deferred financing fees, original issuance discount and re-pricing fee	$ 195	$ 8
Prior Term Loan Facility, Net [Member]
Debt Instrument [Line Items]
Deferred financing fees, original issuance discount and re-pricing fee	$ 195	$ 8

Debt - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Interest expense	$ 177	$ 25	$ 29

Debt - New Term Loan Facility and New Revolving Facility - Additional Information (Detail)		12 Months Ended
	Aug. 17, 2022 USD ($)	Dec. 31, 2022 USD ($)	Feb. 01, 2019 USD ($)
Debt Instrument [Line Items]
Debt instrument, interest rate terms		Borrowings under the New Credit Facilities bear interest at a rate per annum equal to, at the Company's option, any of the following, plus, in each case, an applicable margin: (a) with respect to the USD Tranche A, the USD Tranche B and the New Revolving Facility, (x) a base rate determined by reference to the highest of (1) the federal funds effective rate plus 0.50%, (2) the prime rate quoted in The Wall Street Journal, or (3) a forward-looking term rate based on Term SOFR (plus an applicable credit spread adjustment) for an interest period of one month, plus 1.00%; and (y) a Term SOFR rate (plus an applicable credit spread adjustment) for the interest period relevant to such borrowing, subject to a rate floor of (I) with respect to the USD Tranche B, 0.50% and (II) with respect to the USD Tranche A and the New Revolving Facility, 0.0%; and (b) with respect to the Euro Tranche B, a EURIBOR rate determined by reference to the costs of funds for Euro deposits for the interest period relevant to such borrowing adjusted for certain additional costs, subject to a EURIBOR rate floor of 0.0%.
Initial commitment fee percentage		0.375%
Maximum [Member]
Debt Instrument [Line Items]
Leverage ratio		5.50
Annual Step-Down [Member]
Debt Instrument [Line Items]
Leverage ratio		0.25
Step-Up [Member]
Debt Instrument [Line Items]
Leverage ratio		0.50
Step-Up [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Leverage ratio		5.50
Term SOFR Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		2.50%
Borrowings under Euro Tranche B [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		3.00%
Term Loans under New Term Loan Facility [Member]
Debt Instrument [Line Items]
Deferred financing fees and original issue discount fees		$ 242,000,000
New Revolving Facility [Member]
Debt Instrument [Line Items]
Prepayment premium percentage of aggregate principal amount		1.00%
Debt issuance costs	$ 7,000,000
Debt issuance costs, amortization period	4 years
Borrowings outstanding		$ 0
New Revolving Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Percentage of aggregate amount of all commitments		35.00%
New Term Loan Facility [Member]
Debt Instrument [Line Items]
Line of credit facility minimum additional borrowing capacity		$ 1,011,000,000
Minimum percentage of consolidated EBITDA		75.00%
Outstanding principal amount		$ 5,122,000,000
Weighted average interest rate		6.80%
Prior Term Loan Facility [Member]
Debt Instrument [Line Items]
Borrowings outstanding			$ 820,000,000
Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		0.50%
Term SOFR Rate (Plus Applicable Credit Spread Adjustment) [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		1.00%
Floor Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		0.50%
EURIBOR Rate Floor [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		0.00%
Base Rate [Member] \| Borrowings under New Revolving Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		1.50%
Atotech [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 500,000,000
USD Tranche A [Member]
Debt Instrument [Line Items]
Borrowing capacity	1,000,000,000
Scheduled quarterly payments percentage of original principal amount		1.25%
USD Tranche A [Member] \| Years 3 and 4 [Member]
Debt Instrument [Line Items]
Scheduled quarterly payments percentage of original principal amount		1.875%
USD Tranche A [Member] \| Year 5 [Member]
Debt Instrument [Line Items]
Scheduled quarterly payments percentage of original principal amount		2.50%
USD Tranche A [Member] \| Base Rate Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		1.50%
USD Tranche A [Member] \| Term SOFR Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		2.50%
USD Tranche A [Member] \| Original Issue Discount [Member]
Debt Instrument [Line Items]
Original issue discount percentage of principal amount		0.25%
USD Tranche A [Member] \| Floor Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		0.00%
USD Tranche B [Member]
Debt Instrument [Line Items]
Borrowing capacity	3,600,000,000
Scheduled quarterly payments percentage of original principal amount		0.25%
USD Tranche B [Member] \| Base Rate Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		1.75%
USD Tranche B [Member] \| Term SOFR Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		2.75%
USD Tranche B [Member] \| Original Issue Discount [Member]
Debt Instrument [Line Items]
Original issue discount percentage of principal amount		2.00%
Euro Tranche B [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 600,000,000
Scheduled quarterly payments percentage of original principal amount		0.25%
Euro Tranche [Member] \| Original Issue Discount [Member]
Debt Instrument [Line Items]
Original issue discount percentage of principal amount		2.00%
First Lien Net Leverage Ratio [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Leverage ratio		6.00

Debt - Lines of Credit and Borrowing Arrangements - Additional Information (Detail) - Revolving Lines of Credit [Member] - Japan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Aggregate borrowings expire and renewal period	3 months
Borrowing capacity in the form of letters of credit	$ 27,000,000	$ 29,000,000
Total borrowings outstanding	$ 0	$ 0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Debt - Schedule of Contractual Maturities of Debt Obligations (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Maturities of Long-Term Debt [Abstract]
2023	$ 93
2024	93
2025	110
2026	115
2027	695
Thereafter	$ 4,016

Income Taxes - Reconciliation of Company's Effective Tax Rate to U.S. Federal Statutory Rate (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21.00%	21.00%	21.00%
Federal tax credits	(1.50%)	(0.70%)	(1.50%)
State income taxes, net of credits and net of federal benefit	(0.30%)	1.50%	1.10%
Effect of foreign operations taxed at various rates	(6.80%)	(4.50%)	(5.00%)
Executive compensation	1.50%	0.90%	1.10%
Foreign derived intangible income	(4.80%)	(1.70%)	(1.50%)
Global intangible low taxed income, net of foreign tax credits	3.60%	0.50%	0.90%
Stock-based compensation	0.30%	(0.50%)	(0.70%)
Deferred tax asset valuation allowance	(0.40%)	(0.80%)	0.60%
Change in income tax reserves (including interest)	0.80%	(0.60%)	0.00%
Withholding taxes on foreign dividends, net of foreign tax credits	10.70%	1.50%	0.70%
Other	(1.00%)	0.40%	0.50%
Total	23.10%	17.10%	17.20%

Income Taxes - Components of Income Before Income Taxes and Related Provision (benefit) for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income before income taxes:
United States	$ (90)	$ 249	$ 132
Foreign	523	416	291
Income before income taxes	433	665	423
Current taxes:
United States	40	38	29
State	7	10	6
Foreign	99	64	45
Current taxes, Total	146	112	80
Deferred taxes:
United States	(68)	5	(8)
State and Foreign	22	(3)	1
Deferred taxes, Total	(46)	2	(7)
Provision for income taxes	$ 100	$ 114	$ 73

Income Taxes - Significant Components of Deferred Tax Assets and Deferred Tax Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Interest, loss, and credit carryforwards	$ 224	$ 49
Inventory and warranty reserves	50	37
Accrued expenses and other reserves	22	16
Stock-based compensation	3	4
Executive supplemental retirement benefits	1	1
Capitalized research expenditures	31	0
Loan costs	9	0
Lease liability	55	45
Other	4	1
Total deferred tax assets	399	153
Deferred tax liabilities:
Acquired intangible assets and goodwill	(781)	(137)
Depreciation and amortization	(62)	(23)
Loan costs		(2)
Right-of-use asset	(55)	(41)
Foreign withholding taxes	(56)	(6)
Unrealized gain	(14)	(2)
Total deferred tax liabilities	(968)	(211)
Valuation allowance	(181)	(26)
Net deferred tax (liabilities) assets	$ (750)	$ (84)

Income Taxes - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Gross tax research other tax credit carryforwards	$ 42,000
Accrued interest on unrecognized tax benefits	6,000	$ 1,000	$ 1,000
Net unrecognized tax benefits, excluding interest and penalties, related to foreign tax positions	$ 3,000
Change in valuation allowance		$ (4,000)	$ 3,000
Benefit of the tax incentive per share	$ 0.01	$ 0.01
Tax provision related to historical outside basis differences	$ 33,000
Atotech [Member]
Income Taxes [Line Items]
Change in valuation allowance	155,000
Inland Revenue, Singapore (IRAS) [Member]
Income Taxes [Line Items]
Benefit of the tax incentive	50	$ 400
Indefinite [Member]
Income Taxes [Line Items]
Gross tax research other tax credit carryforwards	12,000
Foreign interest carryforwards	$ 444,000
U.S. Federal, State and Foreign [Member]
Income Taxes [Line Items]
Tax credit expiration period	2036
Operating loss carryforwards	$ 370,000
Operating loss carryforwards expiration date	Dec. 31, 2039
U.S. Federal, State and Foreign [Member] \| Indefinite [Member]
Income Taxes [Line Items]
Operating loss carryforwards	$ 52,000

Income Taxes - Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Interest and Penalties (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 43	$ 47	$ 44
Increases for tax positions taken during prior years	35	0	1
Increases for tax positions taken during the current year	9	2	6
Reductions related to expiration of statutes of limitations and audit settlements	(4)	(6)	(4)
Balance at end of year	$ 83	$ 43	$ 47

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, shares issued	66,600,000	55,500,000
Weighted Average Grant Date Fair Value, Granted	$ 29.68	$ 33.55	$ 23.88
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value of RSUs vested	$ 40	$ 57	$ 86
Total compensation expense related to restricted stock unites	$ 46
Estimated weighted average amortization period	1 year
Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage per year of RSUs from date of grant	33.00%
RSUs Granted to Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement by share based payment award vesting period description	employees who meet certain retirement eligibility requirements will vest in full upon each such employee’s retirement and are expensed immediately.
RSUs Granted To Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement by share based payment award vesting period description	directors generally vest at the earliest of (1) one day prior to the next annual meeting, (2) 13 months from date of grant, or (3) the effective date of a change in control of the Company.
Stock Appreciation Rights (SARs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
SARs outstanding	0
2014 ESPP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares authorized for issuance	2,500,000
Percentage of payroll deduction to compensation	up to 10%
Percentage of Common Stock through payroll deductions	10.00%
Percentage of closing price of the Common Stock	90.00%
Common stock, shares issued	100,000	100,000	100,000
Common stock reserved for issuance	1.5
2014 ESPP [Member] \| Offer Terminate [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of closing price of the Common Stock	90.00%
Stock Incentive Plan 2014 [Member] \| Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Grant Date Fair Value, Granted		$ 177.71
SARs outstanding		500,000	600,000
Stock Incentive Plan 2022 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance	5,800,000
Shares available for future grant	6,600,000
Number of shares returned for each common stock	1,910,000
Percentage of exercise price fair value option grant in period	100.00%
Stock Incentive Plan 2022 [Member] \| Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Grant Date Fair Value, Granted	$ 111.60
SARs outstanding	800,000	500,000
Minimum [Member] \| Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Level of performance target achieved	0.00%	0.00%	0.00%
Minimum [Member] \| 2014 ESPP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, exercise price	$ 111.15	$ 126.00	$ 95.07
Maximum [Member] \| Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Level of performance target achieved	200.00%	200.00%	150.00%
Maximum [Member] \| 2014 ESPP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, exercise price	$ 75.47	$ 136.94	$ 93.77

Stock-Based Compensation - Summary of Activity for RSUs (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Grant Date Fair Value, Granted	$ 29.68	$ 33.55	$ 23.88
Restricted Stock Units (RSUs) [Member] \| Stock Incentive Plan 2014 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs, beginning of period	500,000	600,000
Granted		200,000
Vested		(300,000)
RSUs end of period		500,000	600,000
RSUs, Weighted Average Grant Date Fair Value, Beginning of period	$ 127.93	$ 93.26
Weighted Average Grant Date Fair Value, Granted		177.71
Weighted Average Grant Date Fair Value, Vested		95.95
RSUs, Weighted Average Grant Date Fair Value, end of period		$ 127.93	$ 93.26
Restricted Stock Units (RSUs) [Member] \| Stock Incentive Plan 2022 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs, beginning of period	500,000
RSUs issued in Atotech Acquisition	100,000
Granted	500,000
Vested	(300,000)
RSUs end of period	800,000	500,000
RSUs, Weighted Average Grant Date Fair Value, Beginning of period	$ 127.93
Weighted Average Grant Date Fair Value, Shares from Atotech Acquisition	110.30
Weighted Average Grant Date Fair Value, Granted	111.60
Weighted Average Grant Date Fair Value, Vested	118.06
RSUs, Weighted Average Grant Date Fair Value, end of period	$ 118.96	$ 127.93

Stock-Based Compensation - Effect of Recording Stock-Based Compensation (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 45	$ 37	$ 30
Windfall tax effect on stock-based compensation	(1)	(5)	(2)
Net effect on net income	$ 44	$ 32	$ 28
Basic	$ 0.74	$ 0.58	$ 0.49
Diluted	$ 0.73	$ 0.58	$ 0.49
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 42	$ 34	$ 27
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 3	$ 3	$ 3

Stock-Based Compensation - Pre-Tax Effect Within Consolidated Statements of Operations of Recording Stock-Based Compensation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 45	$ 37	$ 30
Cost of Revenues [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	5	4	4
Research and Development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	6	5	4
Selling, General and Administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	34	28	21
Acquisition and Integration Cost [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 0	$ 0	$ 1

Stock-Based Compensation - Fair Value of Employee Purchase Rights Estimated Using Black-Scholes Option-Pricing Model (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Expected life (years)	6 months	6 months	6 months
Risk-free interest rate	0.90%	0.10%	0.90%
Expected volatility	41.90%	39.30%	45.40%
Expected annual dividends per share	$ 0.88	$ 0.88	$ 0.80

Stockholders' Equity - Additional Information (Detail) - USD ($)			3 Months Ended								12 Months Ended
	Feb. 06, 2023	Jul. 25, 2011	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stockholders Equity [Line Items]
Common stock, value of shares authorized to repurchase		$ 200,000,000
Stock repurchase, shares		2,600,000									0	0	0
Value of shares repurchased		$ 127,000,000
Cash dividends per common share			$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.20	$ 0.88	$ 0.86
Dividend payment to common shareholders											$ 52,000,000	$ 47,000,000	$ 44,000,000
Subsequent Event [Member]
Stockholders Equity [Line Items]
Dividend declared date	Feb. 06, 2023
Cash dividend to be paid	$ 0.22
Dividend paid date	Mar. 10, 2023
Dividend declared, shareholders of record date	Feb. 27, 2023

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Employee contribution to Company's profit sharing plan percentage		1.00%
Employee contribution to Company's profit sharing plan percentage		50.00%
Minimum age limit for specified additional amount		50 years
Company's contributions		$ 10	$ 8	$ 7
Bonus expense		48	76	$ 66
Israel [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension assets		19	20
Defined benefit plan, vested benefit obligations		22	23
Germany [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension assets		$ 6	$ 6
Maximum [Member] \| Germany [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets guaranteed rate of return		4.25%
Minimum [Member] \| Germany [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets guaranteed rate of return		2.00%
Forecast [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Company's contributions	$ 1

Employee Benefit Plans - Summary of Net Periodic Benefit Costs (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 1	$ 1
Interest cost on projected benefit obligations	$ 2	$ 0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense	Interest Expense
Amortization of actuarial net loss	$ 1	$ 1
Net periodic benefit costs	$ 4	$ 2

Employee Benefit Plans - Summary of Changes in Projected Benefit Obligations and Plan Assets, and Ending Balances of Defined Benefit Plans (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in projected benefit obligations:
Projected benefit obligations, beginning of year	$ 34	$ 36
Liabilities assumed through Atotech Acquisition	122	0
Service cost	1	1
Interest cost	2	0
Actuarial (gain) loss	(17)	0
Benefits paid	(3)	0
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	0
Company contributions	1	1
Loss on plan assets	(5)	(0)
Benefits paid	(1)	(1)
Currency translation adjustments	(0)	(1)
Fair value of plan assets, end of year	31	12
Net underfunded status	$ (113)	$ (22)

Employee Benefit Plans - Summary of Estimated Benefit Payments for Defined Benefit Plans for Next 10 Years (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2023	$ 7
2024	7
2025	8
2026	9
2027	10
2028-2032	47
Estimated benefit payments for next 10 years, total	$ 88

Employee Benefit Plans - Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	3.70%	1.00%
Rate of increase in salary levels	3.10%	2.00%
Expected long-term rate of return on assets	2.60%	1.00%

Employee Benefit Plans - Schedule of Defined Benefit Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets, amount	$ 31	$ 12	$ 13
Defined benefit plan assets, percentage	100.00%	100.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets, amount	$ 20	$ 5
Defined benefit plan assets, percentage	65.00%	41.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets, amount	$ 7	$ 1
Defined benefit plan assets, percentage	22.00%	6.00%
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets, amount	$ 4	$ 6
Defined benefit plan assets, percentage	13.00%	53.00%

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Net Income Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income	$ 333	$ 551	$ 350
Denominator:
Shares used in net income per common share – basic	59.7	55.4	55.1
Effect of dilutive securities	0.2	0.3	0.2
Shares used in net income per common share – diluted	59.9	55.7	55.3
Net income per common share:
Basic	$ 5.57	$ 9.95	$ 6.36
Net income per common share:
Diluted	$ 5.56	$ 9.90	$ 6.33

Business Segment, Geographic Area, Product Information and Significant Customer Information - Additional Information (Detail) - Customer	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Number of customers accounted for 42%, 46% and 44% of net revenue	10	10	10
Number of customers accounted for 10% or more of total revenue	2
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Top Ten Customers [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	42.00%	46.00%	44.00%
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Semiconductor Products [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	58.00%	62.00%	59.00%

Business Segment, Geographic Area, Product Information and Significant Customer Information - Net Revenues by Reportable Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net revenues	$ 3,547	$ 2,950	$ 2,330
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Net revenues	1,966	1,862	1,406
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Net revenues	1,064	1,088	924
Materials Solutions Division [Member]
Segment Reporting Information [Line Items]
Net revenues	$ 517	$ 0	$ 0

- Definition

+ References

+ Details

Business Segment, Geographic Area, Product Information and Significant Customer Information - Reconciliation of Segment Gross Profit to Consolidated Net Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Gross profit	$ 1,547	$ 1,380	$ 1,049
Research and development	241	200	173
Selling, general and administrative	488	385	353
Acquisition and integration costs	52	30	4
Restructuring and other	10	11	10
Amortization of intangible assets	146	55	55
Gain on sale of long-lived assets	(7)	0	0
Income from operations	617	699	454
Interest income	(4)	0	(1)
Interest expense	177	25	29
Other expense, net	11	9	3
Income before income taxes	433	665	423
Provision for income taxes	100	114	73
Net income	333	551	350
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Gross profit	856	868	633
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Gross profit	499	512	416
Materials Solutions Division [Member]
Segment Reporting Information [Line Items]
Gross profit	$ 192	$ 0	$ 0

Business Segment, Geographic Area, Product Information and Significant Customer Information - Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Capital expenditures	$ 164	$ 87	$ 85
Depreciation and amortization	216	104	99
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Capital expenditures	96	37	36
Depreciation and amortization	24	23	20
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Capital expenditures	40	50	49
Depreciation and amortization	88	81	79
Materials Solutions Division [Member]
Segment Reporting Information [Line Items]
Capital expenditures	28	0	0
Depreciation and amortization	$ 104	$ 0	$ 0

Business Segment, Geographic Area, Product Information and Significant Customer Information - Segment Assets by Reportable Segment (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Accounts Receivable	$ 720	$ 443
Inventory	977	577
Total assets	1,697	1,020
Corporate, Eliminations & Other [Member]
Segment Reporting Information [Line Items]
Accounts Receivable	(95)	(25)
Inventory	0	(1)
Total assets	(95)	(26)
Vacuum Solutions Division [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Accounts Receivable	307	285
Inventory	491	339
Total assets	798	624
Photonics Solutions Division [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Accounts Receivable	210	183
Inventory	296	239
Total assets	506	422
Materials Solutions Division [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Accounts Receivable	298	0
Inventory	190	0
Total assets	$ 488	$ 0

Business Segment, Geographic Area, Product Information and Significant Customer Information - Reconciliation of Segment Assets to Consolidated Total Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total segment assets	$ 1,697	$ 1,020
Cash and cash equivalents	909	966
Other current assets	187	85
Property, plant and equipment, net	800	326
Right-of-use assets	234	184
Other assets and long-term assets	186	79
Total assets	11,495	4,540
Segment Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	910	1,042
Other current assets	187	85
Property, plant and equipment, net	800	326
Right-of-use assets	234	184
Goodwill and intangible assets, net	7,481	1,804
Other assets and long-term assets	186	79
Total assets	$ 11,495	$ 4,540

Business Segment, Geographic Area, Product Information and Significant Customer Information - Schedule of Net Revenues and Long-Lived Assets by Geographic Regions (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	$ 3,547	$ 2,950	$ 2,330
Long-lived assets	1,186	574
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	1,479	1,259	1,059
Long-lived assets	508	412
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	497	355	274
Long-lived assets	175	16
South Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	360	386	279
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	243	144	125
Long-lived assets	160	18
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	968	806	$ 593
Long-lived assets	$ 343	$ 128

- Definition

+ References

+ Details

Business Segment, Geographic Area, Product Information and Significant Customer Information - Summary of Goodwill Associated with Reportable Segments (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Goodwill	$ 4,308	$ 1,228	$ 1,066
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Goodwill	195	195
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Goodwill	1,026	1,033
Materials Solutions Division [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 3,087	$ 0

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Business Segment, Geographic Area, Product/Service Offerings and Significant Customer Information - Summary of Net Revenues by Major Customers (Detail) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lam Research Corporation [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	14.00%	15.00%	14.00%
Applied Materials, Inc. [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	10.00%	11.00%	11.00%

Restructuring and Other - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Facility	Dec. 31, 2021 USD ($) Facility
Restructuring Cost and Other Cost [Line Items]
Restructuring costs	$ 10	$ 7
Other restructuring charges, facility cost		$ 3
Atotech [Member]
Restructuring Cost and Other Cost [Line Items]
Restructuring costs	$ 10
Europe [Member]
Restructuring Cost and Other Cost [Line Items]
Number of facilities yet to close \| Facility		2
Europe [Member] \| Atotech [Member]
Restructuring Cost and Other Cost [Line Items]
Number of facilities yet to close \| Facility	2

Restructuring and Other - Schedule of Company's Restructuring Activity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Balance at January 1	$ 3	$ 0
Charged to expense	10	7
Payments and adjustments	(10)	(4)
Balance at December 31	$ 3	$ 3

Commitments and Contingencies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase commitments	less than one year
Purchase commitments covered by aggregate value	$ 795

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 4	$ 2	$ 2
Additions Acquisition Beginning Balance	10	0	0
Additions Charged to Costs and Expenses	2	1	0
Additions Charged to Other Accounts	0	0	0
Deductions & Write-offs	(5)	1	0
Balance at End of Year	11	4	2
Valuation Allowance for Sales Returns [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	2	1	1
Additions Acquisition Beginning Balance	0	0	0
Additions Charged to Costs and Expenses	(1)	1	0
Additions Charged to Other Accounts	0	0	0
Deductions & Write-offs	0	0	0
Balance at End of Year	1	2	1
Valuation Allowance on Deferred Tax Asset [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	26	31	27
Additions Acquisition Beginning Balance	156	0	0
Additions Charged to Costs and Expenses	0	2	4
Additions Charged to Other Accounts	0	0	0
Deductions & Write-offs	(1)	(7)	0
Balance at End of Year	$ 181	$ 26	$ 31