Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2025

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 was as follows:


	Six Months Ended
	June 30, 2025			June 30, 2024
Beginning of period(1)	$	73		$	79
Additions to deferred revenue and customer advances		89			60
Amount of deferred revenue and customer advances recognized in income		(80	)		(72	)
End of period(2)	$	82		$	67

(1)

Beginning deferred revenue and customer advances balances as of January 1, 2025 included $71 of current deferred revenue and customer advances, and $2 of long-term deferred revenue. Beginning deferred revenue and customer advances balances as of January 1, 2024 included $77 of current deferred revenue and customer advances and $2 of long-term deferred revenue.

(2)

Ending deferred revenue and customer advances balances as of June 30, 2025 included $78 of current deferred revenue and customer advances and $4 of long-term deferred revenue. Ending deferred revenue and customer advances balances as of June 30, 2024 included $65 of current deferred revenue and customer advances and $2 of long-term deferred revenue.

Summary of Revenue from Contracts with Customers

The following table summarizes revenue from contracts with customers in the Company’s three end markets: Semiconductor, Electronics and Packaging, and Specialty Industrial.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Semiconductor	$	432	$	369	$	846	$	720
Electronics and Packaging		266		229		519		437
Specialty Industrial		275		289		545		598
Total net revenues	$	973	$	887	$	1,910	$	1,755