Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2026

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, 2026			June 30, 2025
Beginning of period(1)	$	83		$	73
Additions to deferred revenue and customer advances		109			89
Amount of deferred revenue and customer advances recognized in income		(76	)		(80	)
End of period(2)	$	116		$	82

(1)

Beginning deferred revenue and customer advances balances as of January 1, 2026 included $79 of current deferred revenue and customer advances and $4 of long-term deferred revenue. 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. The majority of the beginning of period balance is expected to be recognized in income within one year.

(2)

Ending deferred revenue and customer advances balances as of June 30, 2026 included $109 of current deferred revenue and customer advances and $7 of long-term deferred revenue. 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.

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,
	2026		2025		2026		2025
Semiconductor	$	554	$	432	$	1,019	$	846
Electronics and Packaging		381		266		703		519
Specialty Industrial		313		275		604		545
Total net revenues	$	1,248	$	973	$	2,326	$	1,910