Business Segment, Geographic Are and Product Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Gross Profit By Reportable Segment To Income Before Income Taxes

The following tables set forth the details of gross profit by reportable segment and the reconciliation to income before income taxes:


		Three Months Ended June 30, 2025
		VSD				PSD				MSD				Total
Product		$	334			$	204			$	310			$	848
Services			73				39				13				125
Revenues by segment			407				243				323				973
Total cost of revenues (exclusive of amortization shown separately below)(1)			229				140				149				518
Segment gross profit			178				103				174				455
Segment gross profit percentage			43.7	%			42.4	%			53.9	%			46.8	%
Reconciliation to income before income taxes
Operating expenses:
Research and development															76
Selling, general and administrative															175
Restructuring and other															5
Amortization of intangible assets															62
Unallocated corporate expenses															2
Income from operations															135
Interest income															(4	)
Interest expense															55
Loss on extinguishment of debt															2
Other expense (income), net															10
Income before income taxes														$	72


		Three Months Ended June 30, 2024
		VSD				PSD				MSD				Total
Product		$	276			$	210			$	284			$	770
Services			59				44				14				117
Revenues by segment			335				254				298				887
Total cost of revenues (exclusive of amortization shown separately below)(1)			193				144				131				468
Segment gross profit			142				110				167				419
Segment gross profit percentage			42.4	%			43.2	%			56.2	%			47.3	%
Reconciliation to income before income taxes
Operating expenses:
Research and development															66
Selling, general and administrative															161
Acquisition and integration costs															2
Restructuring and other															2
Amortization of intangible assets															61
Income from operations															127
Interest income															(5	)
Interest expense															79
Loss on extinguishment of debt															38
Other (income) expense, net															(7	)
Income before income taxes														$	22


		Six Months Ended June 30, 2025
		VSD				PSD				MSD				Total
Product		$	652			$	430			$	586			$	1,668
Services			141				77				24				242
Revenues by segment			793				507				610				1,910
Total cost of revenues (exclusive of amortization shown separately below)(1)			440				288				280				1,008
Segment gross profit			353				219				330				902
Segment gross profit percentage			44.5	%			43.3	%			54.2	%			47.2	%
Reconciliation to income before income taxes
Operating expenses:
Research and development															145
Selling, general and administrative															361
Restructuring and other															21
Fees and expenses related to amendments to the Term Loan Facility															2
Amortization of intangible assets															122
Unallocated corporate expenses															5
Income from operations															246
Interest income															(7	)
Interest expense															108
Loss on extinguishment of debt															5
Other expense (income), net															9
Income before income taxes														$	131


		Six Months Ended June 30, 2024
		VSD				PSD				MSD				Total
Product		$	550			$	424			$	550			$	1,524
Services			118				83				30				231
Revenues by segment			668				507				580				1,755
Total cost of revenues (exclusive of amortization shown separately below)(1)			381				280				256				917
Segment gross profit			287				227				324				838
Segment gross profit percentage			43.0	%			44.8	%			55.9	%			47.5	%
Reconciliation to income before income taxes
Operating expenses:
Research and development															136
Selling, general and administrative															331
Acquisition and integration costs															3
Restructuring and other															5
Fees and expenses related to amendments to the Term Loan Facility															3
Amortization of intangible assets															123
Unallocated corporate expenses															4
Income from operations															233
Interest income															(11	)
Interest expense															166
Loss on extinguishment of debt															47
Other (income) expense, net															(10	)
Income before income taxes														$	41

(1)

The significant expense category and amount align with the segment-level information that is regularly provided to the CODM.

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

The following table sets forth capital expenditures by reportable segment:


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
VSD		$	19			$	5			$	27			$	11
PSD			4				12				7				20
MSD			6				9				13				14
Total capital expenditures		$	29			$	26			$	47			$	45

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


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
VSD		$	11			$	11			$	22			$	23
PSD			13				12				25				25
MSD			63				63				125				127
Total depreciation and amortization		$	87			$	86			$	172			$	175

Segment Assets by Reportable Segment

The following tables set forth segment assets by reportable segment:


June 30, 2025		Accounts receivable, net				Inventories				Total
VSD		$	212			$	500			$	712
PSD			172				262				434
MSD			265				156				421
Total segment assets		$	649			$	918			$	1,567


December 31, 2024		Accounts receivable, net				Inventories				Total
VSD		$	200			$	488			$	688
PSD			168				260				428
MSD			247				145				392
Total segment assets		$	615			$	893			$	1,508

Reconciles Total Segment Assets to Total Assets

The following table reconciles total segment assets to total assets:


		June 30, 2025				December 31, 2024
Total segment assets		$	1,567			$	1,508
Cash and cash equivalents			674				714
Other current assets			243				252
Property, plant and equipment, net			801				771
Right-of-use assets			283				238
Goodwill and intangible assets, net			4,837				4,751
Other assets			421				356
Total assets		$	8,826			$	8,590

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 revenues.


		Three Months Ended June 30,								Six Months Ended June 30,
Net revenues:		2025				2024				2025				2024
United States		$	187			$	202			$	364			$	421
China			219				199				438				369
South Korea			122				82				225				170
Singapore			72				55				135				111
Taiwan			66				62				126				110
Japan			59				55				127				112
Other			248				232				495				462
		$	973			$	887			$	1,910			$	1,755