MKS Instruments (MKSI) 10-Q 3 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 26, 2022
Cover [Abstract]
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 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		55,742,376
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

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,065	$ 966
Short-term investments	2	76
Trade accounts receivable, net of allowance for doubtful accounts of $4 at June 30, 2022 and December 31, 2021	481	443
Inventories	689	577
Other current assets	112	85
Total current assets	2,349	2,147
Property, plant and equipment, net	377	326
Right-of-use assets	170	184
Goodwill	1,220	1,228
Intangible assets, net	544	576
Other assets	89	79
Total assets	4,749	4,540
Current liabilities:
Short-term debt	11	9
Accounts payable	181	168
Accrued compensation	84	132
Income taxes payable	31	25
Lease liabilities	18	18
Deferred revenue and customer advances	51	37
Other current liabilities	81	71
Total current liabilities	457	460
Long-term debt, net	804	808
Non-current deferred taxes	101	99
Non-current accrued compensation	46	49
Non-current lease liabilities	180	193
Other non-current liabilities	32	44
Total liabilities	1,620	1,653
Commitments and contingencies (Note 18)
Stockholders’ equity:
Preferred Stock, $0.01 par value per share, 2 shares authorized; none issued and outstanding
Common Stock, no par value, 200 shares authorized; 55.7 and 55.5 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital	923	907
Retained earnings	2,240	1,991
Accumulated other comprehensive loss	(34)	(11)
Total stockholders’ equity	3,129	2,887
Total liabilities and stockholders’ equity	$ 4,749	$ 4,540

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4	$ 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	55,700,000	55,500,000
Common stock, shares outstanding	55,700,000	55,500,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net revenues:
Net revenues	$ 765	$ 750	$ 1,507	$ 1,444
Cost of revenues:
Cost of revenues	427	395	835	767
Gross profit	338	355	672	677
Research and development	53	50	105	97
Selling, general and administrative	101	97	193	193
Acquisition and integration costs	2	6	10	12
Restructuring and other	3	3	5	8
Amortization of intangible assets	15	13	30	25
Gain on sale of long-lived assets			(7)
Income from operations	164	186	336	342
Interest income	1		1
Interest expense	7	6	13	12
Other expense (income), net	2	8	(3)	9
Income before income taxes	156	172	327	321
Provision for income taxes	26	26	54	52
Net income	130	146	273	269
Other comprehensive income, net of tax:
Changes in value of financial instruments designated as cash flow hedges	8		25	11
Foreign currency translation adjustments	(38)	5	(48)	(14)
Total comprehensive income	$ 100	$ 151	$ 250	$ 266
Net income per share:
Basic	$ 2.33	$ 2.64	$ 4.90	$ 4.86
Diluted	$ 2.32	$ 2.63	$ 4.89	$ 4.83
Weighted average common shares outstanding:
Basic	55.7	55.4	55.6	55.3
Diluted	55.8	55.7	55.8	55.6
Products [Member]
Net revenues:
Net revenues	$ 664	$ 657	$ 1,312	$ 1,262
Cost of revenues:
Cost of revenues	377	345	737	667
Services [Member]
Net revenues:
Net revenues	101	93	195	182
Cost of revenues:
Cost of revenues	$ 50	$ 50	$ 98	$ 100

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balance at Dec. 31, 2020	$ 2,361		$ 873	$ 1,488
Beginning Balance, Shares at Dec. 31, 2020		55,200,000
Net issuance under stock-based plans	(5)		(5)
Net issuance under stock-based plans, Shares		100,000
Stock-based compensation	10		10
Cash dividend	(11)			(11)
Comprehensive income (net of tax):
Net income	122			122
Other comprehensive income (loss)	(8)				$ (8)
Ending Balance at Mar. 31, 2021	2,469		878	1,599	(8)
Ending Balance, Shares at Mar. 31, 2021		55,300,000
Beginning Balance at Dec. 31, 2020	2,361		873	1,488
Beginning Balance, Shares at Dec. 31, 2020		55,200,000
Comprehensive income (net of tax):
Net income	269
Ending Balance at Jun. 30, 2021	2,614		884	1,733	(3)
Ending Balance, Shares at Jun. 30, 2021		55,400,000
Beginning Balance at Mar. 31, 2021	2,469		878	1,599	(8)
Beginning Balance, Shares at Mar. 31, 2021		55,300,000
Net issuance under stock-based plans	(3)		(3)
Net issuance under stock-based plans, Shares		100,000
Stock-based compensation	9		9
Cash dividend	(12)			(12)
Comprehensive income (net of tax):
Net income	146			146
Other comprehensive income (loss)	5				5
Ending Balance at Jun. 30, 2021	2,614		884	1,733	(3)
Ending Balance, Shares at Jun. 30, 2021		55,400,000
Beginning Balance at Dec. 31, 2021	2,887		907	1,991	(11)
Beginning Balance, Shares at Dec. 31, 2021		55,500,000
Net issuance under stock-based plans	(6)		(6)
Net issuance under stock-based plans, Shares		100,000
Stock-based compensation	8		8
Cash dividend	(12)			(12)
Comprehensive income (net of tax):
Net income	143			143
Other comprehensive income (loss)	7				7
Ending Balance at Mar. 31, 2022	3,027		909	2,122	(4)
Ending Balance, Shares at Mar. 31, 2022		55,600,000
Beginning Balance at Dec. 31, 2021	2,887		907	1,991	(11)
Beginning Balance, Shares at Dec. 31, 2021		55,500,000
Comprehensive income (net of tax):
Net income	273
Ending Balance at Jun. 30, 2022	3,129		923	2,240	(34)
Ending Balance, Shares at Jun. 30, 2022		55,700,000
Beginning Balance at Mar. 31, 2022	3,027		909	2,122	(4)
Beginning Balance, Shares at Mar. 31, 2022		55,600,000
Net issuance under stock-based plans	1		1
Net issuance under stock-based plans, Shares		100,000
Stock-based compensation	13		13
Cash dividend	(12)			(12)
Comprehensive income (net of tax):
Net income	130			130
Other comprehensive income (loss)	(30)				(30)
Ending Balance at Jun. 30, 2022	$ 3,129		$ 923	$ 2,240	$ (34)
Ending Balance, Shares at Jun. 30, 2022		55,700,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividend, per common share	$ 0.22	$ 0.22	$ 0.22	$ 0.20

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 273	$ 269
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	56	49
Unrealized loss on derivatives not designated as hedging instruments	7	7
Gain on sale of long-lived assets	(7)
Stock-based compensation	21	19
Provision for excess and obsolete inventory	7	9
Deferred income taxes	(2)	10
Other	2
Changes in operating assets and liabilities:
Trade accounts receivable	(53)	(43)
Inventories	(133)	(38)
Other current and non-current assets	5	7
Accounts payable	15	38
Current and non-current accrued compensation	(49)	(18)
Income taxes payable	(11)	(42)
Other current and non-current liabilities	15	25
Net cash provided by operating activities	146	292
Cash flows from investing activities:
Purchases of investments	(1)	(397)
Maturities of investments	76	205
Sales of investments		135
Proceeds from sale of long-lived assets	7
Purchases of property, plant and equipment	(83)	(43)
Net cash used in investing activities	(1)	(100)
Cash flows from financing activities:
Proceeds from borrowings	6	1
Payments of borrowings	(8)	(11)
Dividend payments	(24)	(23)
Net payments related to employee stock awards	(5)	(8)
Net cash used in financing activities	(31)	(41)
Effect of exchange rate changes on cash and cash equivalents	(15)	(4)
Increase in cash and cash equivalents	99	147
Cash and cash equivalents at beginning of period	966	608
Cash and cash equivalents at end of period	$ 1,065	$ 755

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1) Basis of P resentation The terms "MKS" and the "Company" refer to MKS Instruments, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The interim financial data as of June 30, 2022, and for the three and six months ended June 30, 2022, are unaudited; however, in the opinion of MKS, the interim data includes all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The condensed consolidated balance sheet presented as of December 31, 2021 has been derived from the consolidated audited financial statements as of that date. The unaudited condensed consolidated financial statements presented herein have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by United States generally accepted accounting principles ("U.S. GAAP"). The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the MKS Annual Report on Form 10-K for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission on February 28, 2022. The preparation of these unaudited condensed consolidated 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 unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, inventory valuation, warranty costs, stock-based compensation, intangible assets, goodwill, other long-lived assets and other acquisition expenses 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 three divisions in order to simplify its naming convention. These three divisions, formerly known as the Vacuum & Analysis Division, the Light & Motion Division and the Equipment & Solutions Division, are now referred to as the Vacuum Solutions Division ("VSD"), the Photonics Solutions Division ("PSD") and the Equipment Solutions Division ("ESD"), respectively. MKS' reportable segments continue to be its three divisions.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	2) Revenue from Contracts with Customers Contract assets as of June 30, 2022 and December 31, 2021 were immaterial. A roll-forward of the Company's deferred revenue and customer advances is as follows: Six Months Ended June 30, 2022 June 30, 2021 Beginning balance, January 1 (1) $ 40 $ 37 Additions to deferred revenue and customer advances 91 76 Amount of deferred revenue and customer advances recognized in income ( 78 ) ( 72 ) Ending balance, June 30 (2) $ 53 $ 41 (1) Beginning balance as of January 1, 2022 included $ 37 of current deferred revenue and customer advances and $ 3 of non-current deferred revenue. Beginning balance as of January 1, 2021 included $ 31 of current deferred revenue and customer advances and $ 6 of non-current deferred revenue. (2) Ending balance as of June 30, 2022 included $ 51 of current deferred revenue and customer advances and $ 2 of non-current deferred revenue. Ending balance as of June 30, 2021 included $ 36 of current deferred revenue and customer advances and $ 5 of non-current deferred revenue. Disaggregation of Revenue The following tables summarize revenue from contracts with customers: Three Months Ended June 30, 2022 VSD PSD ESD Total Net revenues: Products $ 445 $ 207 $ 12 $ 664 Services 62 21 18 101 Total net revenues $ 507 $ 228 $ 30 $ 765 Three Months Ended June 30, 2021 VSD PSD ESD Total Net revenues: Products $ 399 $ 176 $ 82 $ 657 Services 59 17 17 93 Total net revenues $ 458 $ 193 $ 99 $ 750 Six Months Ended June 30, 2022 VSD PSD ESD Total Net revenues: Products $ 861 $ 417 $ 34 $ 1,312 Services 120 39 36 195 Total net revenues $ 981 $ 456 $ 70 $ 1,507 Six Months Ended June 30, 2021 VSD PSD ESD Total Net revenues: Products $ 778 $ 341 $ 143 $ 1,262 Services 116 34 32 182 Total net revenues $ 894 $ 375 $ 175 $ 1,444 Product revenue, excluding revenue from certain custom products, is recorded at a point in time, while the majority of service revenue and revenue from certain custom products are recorded over time.

Investments

Investments	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	3) Investments The following tables show the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments: As of June 30, 2022: Cost Gross Gross Estimated Short-term investments: Time deposits and certificates of deposit $ 1 $ — $ — $ 1 Banker's acceptance drafts 1 — — 1 $ 2 $ — $ — $ 2 As of June 30, 2022: Cost Gross Gross Estimated Long-term investments: Group insurance contracts $ 5 $ 1 $ — $ 6 As of December 31, 2021: Cost Gross Gross Estimated 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 Gross Estimated Long-term investments: Group insurance contracts $ 5 $ 1 $ — $ 6 Management has the ability to liquidate certain of the Company's investments in order to meet the Company's liquidity needs in the next 12 months. Accordingly, certain 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." The cost of marketable securities sold is determined by the specific identification method. Realized gains or losses are reflected in income and were not material for the six months ended June 30, 2022 and 2021 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	4) 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 or liability. Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2022 and are summarized as follows: Fair Value Measurements at Reporting Date Using Description June 30, 2022 Quoted Prices in Significant Significant Assets: Cash equivalents: Money market funds $ 306 $ 306 $ — $ — Available-for-sale investments: Time deposits and certificates of deposit 1 — 1 — Banker's acceptance drafts 1 — 1 — Group insurance contracts 6 — 6 — Derivatives Foreign exchange forward contracts 13 — 13 — Interest rate hedge - non-current 29 — 29 Pension and deferred compensation plan assets 21 — 21 — Total assets $ 377 $ 306 $ 71 $ — Liabilities: Derivatives – foreign exchange forward contracts $ 1 $ — $ 1 $ — Total liabilities $ 1 $ — $ 1 $ — Reported as follows: Assets: Cash equivalents $ 306 $ 306 $ — $ — Short-term investments 2 — 2 — Other current assets 13 — 13 — Total current assets $ 321 $ 306 $ 15 $ — Other assets $ 56 $ — $ 56 $ — Liabilities: Other current liabilities $ 1 $ — $ 1 $ — Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2021 and are summarized as follows: Fair Value Measurements at Reporting Date Using Description December 31, 2021 Quoted Prices in Significant Significant Assets: Cash equivalents: Money market funds $ 55 $ 55 $ — $ — U.S. treasury obligations 175 — 175 — 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 Group insurance contracts 6 — 6 — Derivatives Foreign exchange forward contracts 3 — 3 — Foreign currency options 3 — 3 — Interest rate hedge - non-current 9 — 9 — Pension and deferred compensation plan assets 20 — 20 — Total assets $ 347 $ 55 $ 292 $ — Liabilities: Derivatives Foreign exchange forward contracts $ 1 $ — $ 1 $ — Interest rate hedge - non-current 5 — 5 — Total liabilities $ 6 $ — $ 6 $ — Reported as follows: Assets: Cash equivalents $ 230 $ 55 $ 175 $ — Short-term investments 76 — 76 — Other current assets 6 — 6 Total current assets $ 312 $ 55 $ 257 $ — Other assets $ 35 $ — $ 35 $ — Liabilities: Other current liabilities $ 1 $ — $ 1 $ — Other liabilities $ 5 $ — $ 5 $ — Money Market Funds Money market funds are cash equivalents. 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 the retirement benefit of the employees 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 currency contracts and 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 are typically large commercial banks. The foreign exchange forward contracts and options and interest rate swaps are valued using broker quotations or market transactions.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	5) Derivatives 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 operates internationally and, in the normal course of business, is exposed to fluctuations in interest rates and foreign exchange rates. These fluctuations can increase the costs of financing, investing and operating the business. The Company uses derivative instruments, such as foreign exchange forward contracts and options, to manage certain foreign currency exposure, and interest rate swaps to manage interest rate exposure. 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 material non-performance by any of these counterparties. 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 off-setting 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 condensed 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. As of June 30, 2022 and December 31, 2021 , the Company had outstanding foreign exchange forward contracts with gross notional values of $ 246 and $ 241 , respectively. The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of June 30, 2022 and December 31, 2021: June 30, 2022 Currency Hedged (Buy/Sell) Gross Notional Fair Value (1) U.S. dollar/Japanese yen $ 66 $ 5 U.S. dollar/South Korean won 111 5 U.S. dollar/euro 17 1 U.S. dollar/U.K. pound sterling 7 — U.S. dollar/Taiwan dollar 45 2 Total $ 246 $ 13 December 31, 2021 Currency Hedged (Buy/Sell) Gross Notional Fair Value (1) 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 (1) Represents receivable amount included in other current assets in the condensed consolidated balance sheet. The foreign exchange forward contracts are subject to a master netting agreement with one financial institution. However, the Company has elected to record these contracts on a gross basis in the consolidated balance sheet. Interest Rate Swap Agreements The Company entered into interest rate swap agreements that exchange the variable LIBOR interest rate paid on the outstanding balance of its Term Loan Facility, as defined and further described in Note 9, to a fixed rate. The table below summarizes interest rate hedges outstanding at June 30, 2022 and December 31, 2021: June 30, June 30, December 31, Trade Date Effective Date Maturity Fixed Notional Notional Fair Fair April 3, 2019 April 5, 2019 March 31, 2023 2.309 % $ 200 $ 200 $ 1 $ ( 5 ) October 29, 2020 October 26, 2021 February 28, 2025 0.485 % $ 200 $ 200 13 4 October 29, 2020 March 31, 2022 February 28, 2025 0.623 % $ 100 $ 100 15 5 Total $ 29 $ 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. Currency Option Agreements In connection with financing the pending acquisition of Atotech Limited ("Atotech"), the Company expects to issue euro denominated term loan debt. In 2021, the Company purchased foreign currency option contracts to fix the conversion of € 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 (income), net. June 30, June 30, December 31, Trade Date Effective Date Maturity Fixed Notional Amount Notional Amount Fair Fair October 26, 2021 October 26, 2021 January 31, 2022 1.162 % € 300 $ — $ — $ 3 The currency options were recorded at fair value on the balance sheet and changes in the fair value were recognized immediately in earnings. The fair value asset was classified in other current assets in the condensed consolidated balance sheet. The following table provides a summary of the gains (losses) on derivatives designated as cash flow hedging instruments: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign exchange forward contracts: Net gains recognized in accumulated OCI $ 8 $ — $ 26 $ 11 Net gains (losses) reclassified from accumulated OCI into income $ 3 $ — $ 4 $ ( 2 ) The net amount of existing gains as of June 30, 2022 expected to be reclassified from OCI into earnings within the next 12 months is immaterial. The Company 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 expense (income), net. The following table provides a summary of the gains (losses) on derivatives not designated as hedging instruments: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign exchange forward contracts: Net gains (losses) recognized in income $ 1 $ ( 6 ) $ 7 $ ( 7 )

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	6) Inventories Inventories consist of the following: June 30, 2022 December 31, 2021 Raw materials $ 490 $ 394 Work-in-process 92 83 Finished goods 107 100 $ 689 $ 577

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	7) Leases The Company has various operating leases for real estate and non-real estate items. Non-real estate leases are mainly comprised of automobiles, but also include office equipment and other lower-valued items. The Company does not have any finance leases. As most of the Company's leases do not provide an implicit rate, an incremental borrowing rate is used based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The elements of lease expense were as follows: Three Months Ended June 30, 2022 2021 Lease cost: Operating lease $ 7 $ 6 Short-term lease 1 1 Total lease cost $ 8 $ 7 Six Months Ended June 30, 2022 2021 Lease cost: Operating lease cost $ 14 $ 14 Short-term lease 2 2 Total lease cost $ 16 $ 16 The weighted average discount rate and the weighted average remaining lease term were 3.0 % and 14.1 years, respectively, as of June 30, 2022 . The weighted average discount rate and the weighted average remaining lease term were 2.9 % and 14.6 years, respectively, as of June 30, 2021. Operating cash flows used for operating leases for the six months ended June 30, 2022 and 2021 were $ 12 in each period. Operating cash flows used for operating leases for the six months ended June 30, 2022 and 2021 were net of $ 1 and $ 8 , respectively, in tenant improvement allowance receipts. Future lease payments under non-cancelable leases as of June 30, 2022 are detailed as follows: 2022 (remaining) $ 12 2023 23 2024 20 2025 18 2026 15 Thereafter 158 Total lease payments 246 Less: imputed interest 48 Total operating lease liabilities $ 198 The remaining 2022 lease payment amount includes an immaterial amount of tenant improvement allowances. Amounts presented above do not include payments relating to immaterial leases excluded from the balance sheet, as these operating leases had terms of less than twelve months.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	8) 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 PCB via drilling equipment and declines in projected operating results for ESD, the Company evaluated the carrying values of goodwill, purchased intangible assets and other long-lived assets assigned to ESD 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 margin 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 ESD reporting unit, the Company estimated fair value exceeded carrying value by 10 %. The changes in the carrying amount of goodwill and accumulated impairment loss during the six months ended June 30, 2022 were as follows: Gross Accumulated Net Beginning balance, January 1 $ 1,373 $ ( 145 ) $ 1,228 Foreign currency translation ( 8 ) — ( 8 ) Ending balance, June 30 $ 1,365 $ ( 145 ) $ 1,220 Intangible Assets Components of the Company's intangible assets are comprised of the following: As of June 30, 2022: Gross Accumulated Foreign Net Completed technology $ 556 $ ( 260 ) $ — $ 296 Customer relationships 318 ( 135 ) ( 2 ) 181 Patents, trademarks, trade names and other 123 ( 55 ) ( 1 ) 67 $ 997 $ ( 450 ) $ ( 3 ) $ 544 As of December 31, 2021: Gross Accumulated Foreign Net Completed technology (1) $ 556 $ ( 242 ) $ — $ 314 Customer relationships (1) 318 ( 126 ) — 192 Patents, trademarks, trade names and other (1) 123 ( 52 ) ( 1 ) 70 $ 997 $ ( 420 ) $ ( 1 ) $ 576 (1) During the twelve months ended December 31, 2021, the Company recorded $ 121 of separately identified intangible assets related to its acquisition of Photon Control, 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 the six months ended June 30, 2022 and 2021 was $ 30 and $ 25 , respectively. Aggregate net amortization expense related to acquired intangible assets for future years is as follows: Year Amount 2022 (remaining) $ 30 2023 58 2024 57 2025 56 2026 52 2027 52 Thereafter 183 The table above excludes $ 56 of indefinite-lived trademarks and trade names that were not subject to amortization.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	9) Debt The Company's outstanding debt is as follows: June 30, 2022 December 31, 2021 Short-term debt: Term Loan Facility $ 9 $ 9 Japanese lines of credit 2 — Total short-term debt $ 11 $ 9 June 30, 2022 December 31, 2021 Long-term debt: Term Loan Facility, net (1) $ 804 $ 808 (1) Net of deferred financing fees, original issuance discount and repricing fees in the aggregate amount of $ 7 and $ 8 as of June 30, 2022 and December 31, 2021, respectively. The Company recognized interest expense of $ 7 and $ 13 for the three and six months ended June 30, 2022, respectively, and $ 6 and $ 12 for the three and six months ended June 30, 2021, respectively. Senior Secured Term Loan Credit Facility In connection with the completion of the acquisition of Newport Corporation ("Newport") in 2016 (the "Newport Merger"), the Company entered into a term loan credit agreement (as amended, the "Term Loan Credit Agreement") with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders from time to time party thereto, which provided a senior secured term loan credit facility (the "Term Loan Facility") in the original principal amount of $ 780 . The Company has entered into seven amendments to the Term Loan Credit Agreement since 2016. The Term Loan Facility is subject to increase at the Company's option and subject to receipt of lender commitments in accordance with the Term Loan Credit Agreement. The maturity date of the Term Loan Facility is February 2, 2026 . As of June 30, 2022, borrowings under the Term Loan Facility​​​​​​​ bear interest per annum at one of the following rates selected by the Company: (a) 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 , (3) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00 %, and (4) a floor of 1.00 %, plus, in each case, an applicable margin of 0.75 %; or (b) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs, subject to a LIBOR rate floor of 0.0 %, plus an applicable margin of 1.75 %. The Company has elected the interest rate as described in clause (b) of the foregoing sentence. The Term Loan Credit Agreement provides that, unless an alternate rate of interest is agreed, all loans will be determined by reference to the base rate if the LIBOR rate cannot be ascertained, if regulators impose material restrictions on the authority of a lender to make LIBOR rate loans, or for other reasons. Under the Term Loan Credit Agreement, the Company has the ability to incur additional incremental debt facilities in an amount up to (x) the greater of (1) $ 600 and (2) 100 % of consolidated EBITDA, plus (y) an amount equal to the sum of all voluntary prepayments of term loans under the Term Loan Facility, plus (z) an additional unlimited amount subject to pro forma compliance with a secured leverage ratio test of 3.25 :1.00. The Company is required to make scheduled quarterly amortization payments each equal to 0.25 % of the original principal amount of the Term Loan Facility. As of June 30, 2022, after giving effect to all amendments and repayments prior to such date, the outstanding principal amount of the Term Loan Facility was $ 820 , and the interest rate was 2.8 %. Under the Term Loan 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 incurrence or issuance of certain debt. All obligations under the Term Loan Facility are guaranteed by certain of the Company's 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. The Term Loan Credit Agreement contains customary representations and warranties, affirmative and negative covenants and provisions relating to events of default. If an event of default occurs, the lenders under the Term Loan Facility will be entitled to take various actions, including the acceleration of amounts due under the Term Loan Facility and all actions generally permitted to be taken by a secured creditor. At June 30, 2022, the Company was in compliance with all covenants under the Term Loan Credit Agreement. Senior Secured Asset-Based Revolving Credit Facility In February 2019, in connection with the completion of the acquisition of Electro Scientific Industries, Inc. (the "ESI Merger"), the Company entered into an asset-based revolving credit agreement with Barclays Bank PLC, as administrative agent and collateral agent, the other borrowers from time to time party thereto, and the lenders and letters of credit issuers from time to time party thereto (the "ABL Credit Agreement"), that provides a senior secured asset-based revolving credit facility of up to $ 100 , subject to a borrowing base limitation (the "ABL Facility"). The Company has entered into two amendments to the ABL Credit Agreement since 2019. As of June 30, 2022, after giving effect to all amendments, the borrowing base for the ABL Facility at any time equals the sum of: (a) 85 % of certain eligible accounts; plus (b) prior to certain notice and field examination and appraisal requirements, the lesser of (i) 20 % of net book value of eligible inventory in the United States and (ii) 30 % of the borrowing base, and after the satisfaction of such requirements, the lesser of (i) the lesser of (A) 65 % of the lower of cost or market value of certain eligible inventory and (B) 85 % of the net orderly liquidation value of certain eligible inventory and (ii) 30 % of the borrowing base; minus (c) reserves established by the administrative agent, in each case, subject to additional limitations and examination requirements for eligible accounts and eligible inventory acquired in an acquisition after February 1, 2019. The ABL Facility includes borrowing capacity in the form of letters of credit up to $ 25 . The Company has not borrowed against the ABL Facility to date. As of June 30, 2022, borrowings under the ABL Facility 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) 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 , (3) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00 % and (4) a floor of 0.00 %, plus, in each case, an applicable margin ranging from 0.25 % to 0.50 %; and (b) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs, with a floor of 0.00 %, plus, in each case, an applicable margin ranging from 1.25 % to 1.50 %. The applicable margin for borrowings thereunder is subject to upward or downward adjustment each fiscal quarter, based on the average historical excess availability during the preceding quarter. In addition to paying interest on any outstanding principal under the ABL Facility, the Company is required to pay a commitment fee in respect of the unutilized commitments thereunder equal to 0.25 % per annum. The Company must also pay customary letter of credit fees and agency fees. Under the ABL Facility, the Company is required to prepay amounts outstanding under the ABL Facility (1) if amounts outstanding under the ABL Facility exceed the lesser of (a) the commitment amount and (b) the borrowing base, in an amount required to reduce such shortfall, (2) if amounts outstanding under the ABL Facility in any currency other than U.S. dollars exceed the sublimit for such currency, in an amount required to reduce such shortfall, and (3) during any period in which the Company has excess availability less than the greater of (a) 10.0 % of the lesser of (x) the commitment amount and (y) the borrowing base (the "Line Cap") and (b) $ 9 for 3 consecutive business days, until the time when the Company has excess availability equal to or greater than the greater of (A) 10.0 % of the Line Cap and (B) $ 9 for 30 consecutive days, or during the continuance of an event of default, with immediately available funds in its blocked accounts. There is no scheduled amortization under the ABL Facility. Any principal amount outstanding under the ABL Facility is due and payable in full on the fifth anniversary of the closing date, subject to a springing maturity in the event that term loans under the Term Loan Facility in an aggregate amount of at least $ 100 have an earlier maturity date than the ABL Facility. All obligations under the ABL Facility are guaranteed by certain of the Company's 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. From the time when the Company has excess availability less than the greater of (a) 10.0 % of the Line Cap and (b) $ 9 until the time when the Company has excess availability equal to or greater than the greater of (a) 10.0 % of the Line Cap and (b) $ 9 for 30 consecutive days, or during the continuance of an event of default, the ABL Credit Agreement requires the Company to maintain a fixed charge coverage ratio, tested on the last day of each fiscal quarter, of at least 1.0 to 1.0. The ABL 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 ABL Facility will be entitled to take various actions, including the acceleration of amounts due under the ABL Facility and all actions permitted to be taken by a secured creditor. Lines of Credit and Borrowing Arrangements 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 June 30, 2022 of up to an equivalent of $ 25 . There was $ 2 outstanding under these arrangements at June 30, 2022. There were no borrowings outstanding under these arrangements at December 31, 2021. Contractual maturities of the Company's debt obligations as of June 30, 2022 are as follows: Year Amount 2022 (remaining) $ 7 2023 9 2024 9 2025 9 2026 788

Product Warranties

Product Warranties	6 Months Ended
	Jun. 30, 2022
Guarantees and Product Warranties [Abstract]
Product Warranties	10) 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: Six Months Ended June 30, 2022 2021 Beginning of period $ 21 $ 18 Provision for product warranties 12 22 Charges to warranty liability ( 14 ) ( 16 ) End of period $ 19 $ 24 As of June 30, 2022 , short-term product warranties of $ 18 and long-term product warranties of $ 1 were included within other current liabilities and other non-current liabilities, respectively, within the accompanying condensed consolidated balance sheet. As of June 30, 2021 , short-term product warranties of $ 21 and long-term product warranties of $ 3 were included within other current liabilities and other non-current liabilities, respectively, within the accompanying condensed consolidated balance sheet.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	11) Income Taxes The Company's effective tax rates for the three and six months ended June 30, 2022 were 17.0 % and 16.6 %, respectively. The Company's effective tax rates for the three and six months ended June 30, 2022 were lower than the U.S. statutory tax rate mainly due to the U.S. deduction for foreign derived intangible income ("FDII") and the geographic mix of income earned by the Company's international subsidiaries being taxed at rates lower than the U.S. statutory tax rate, offset by the U.S. global intangible low-taxed income ("GILTI") inclusion. The Company's effective tax rates for the three and six months ended June 30, 2021 were 15.1 % and 16.2 %, respectively. The Company's effective tax rates for the three and six months ended June 30, 2021 were lower than the U.S. statutory tax rate mainly due to the U.S. deduction for FDII, windfall benefits from stock compensation, and the geographic mix of income earned by the Company's international subsidiaries being taxed at rates lower than the U.S. statutory tax rate, offset by the GILTI inclusion and additional withholding taxes on inter-company distributions due to the United Kingdom's withdrawal from the European Union. As of June 30, 2022 and December 31, 2021, the total amounts of gross unrecognized tax benefits, which exclude interest and penalties, were $ 38 and $ 43 , respectively. The Company accrues interest expense, and if applicable, penalties, for any uncertain tax positions. Interest and penalties are classified as a component of income tax expense. As of June 30, 2022 and December 31, 2021, the Company had accrued interest on unrecognized tax benefits of approximately $ 1 in each period. Over the next 12 months it is reasonably possible that the Company may recognize approximately $ 1 of previously net unrecognized tax benefits, excluding interest and penalties, related to various U.S. federal and foreign tax positions, primarily as a result of the expiration of certain statutes of limitations. The Company and its subsidiaries are subject to examination by U.S. federal, state and foreign tax authorities. The U.S. federal statute of limitations remains open for tax years 2018 through the present. The U.S. statute of limitations for the one-time tax reported in 2017 remains open until 2024. The statute of limitations for the Company's tax filings in other jurisdictions varies between fiscal years 2016 through the present. The Company has certain federal credit carryforwards and state tax loss and credit carryforwards that are open to examination for tax years 2002 through the present.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Income Per Share	12) Net Income Per Share The following table sets forth the computation of basic and diluted net income per share: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net income $ 130 $ 146 $ 273 $ 269 Denominator: Shares used in net income per common share – basic 55.7 55.4 55.6 55.3 Effect of dilutive securities 0.1 0.3 0.2 0.3 Shares used in net income per common share – diluted 55.8 55.7 55.8 55.6 Net income per common share: Basic $ 2.33 $ 2.64 $ 4.90 $ 4.86 Diluted $ 2.32 $ 2.63 $ 4.89 $ 4.83 Basic earnings per share ("EPS") is computed by dividing income available to common stockholders 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 (restricted stock units ("RSUs")) had been converted to such common shares, and if such assumed conversion is dilutive. For the three and six months ended June 30, 2022 and 2021, the Company had an immaterial quantity of RSUs that had no impact on the computation of diluted weighted-average shares.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	13) Stock-Based Compensation 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. The total stock-based compensation expense included in the Company's condensed consolidated statements of operations and comprehensive income was as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cost of revenues $ 2 $ 1 $ 3 $ 2 Research and development 2 1 3 2 Selling, general and administrative 9 7 15 15 Total pre-tax stock-based compensation expense $ 13 $ 9 $ 21 $ 19 At June 30, 2022 , the total compensation expense related to unvested stock-based awards granted to employees and directors under the Plans that had not been recognized was $ 54 . 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 following table presents the activity for RSUs under the Plans: Six Months Ended June 30, 2022 Outstanding RSUs Weighted Average RSUs – beginning of period 0.5 $ 127.93 Granted 0.4 $ 113.14 Vested ( 0.2 ) $ 119.15 RSUs – end of period 0.7 $ 122.15 The Company had an immaterial amount of stock appreciation rights outstanding as of June 30, 2022 and December 31, 2021.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Federal Home Loan Banks [Abstract]
Stockholders' Equity	14) 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 depends 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 the three and six months ended June 30, 2022 and 2021 , 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. During each of the first and second quarters of 2022, the Company's Board of Directors declared a cash dividend of $ 0.22 per share, which totaled $ 24 . During the first and second quarters of 2021, the Company's Board of Directors declared a cash dividend of $ 0.20 per share and $ 0.22 per share, respectively, which totaled $ 23 . On July 25, 2022 , the Company's Board of Directors declared a quarterly cash dividend of $ 0.22 per share to be paid on September 9, 2022 to stockholders of record as of August 8, 2022 . 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. In addition, under the Term Loan Facility and ABL Facility, the Company may be restricted from paying dividends under certain circumstances.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Acquisition	15) Acquisition Photon Control On July 15, 2021 , the Company completed its acquisition of Photon Control (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 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 enhancing the Company's Surround the Chamber® 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 long-term 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 at the date of the Photon Control Acquisition: Completed technology $ 110 9 years Customer relationships 9 10 years Backlog 2 1.5 years $ 121 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 margins. 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 .

Business Segment, Geographic Ar

Business Segment, Geographic Area, and Significant Customer Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segment, Geographic Area, and Significant Customer Information	Business Segment, Geographic Area, and Significant Customer Information The Company is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for its customers. The Company's products are derived from its 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, vacuum technology, temperature sensing, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. The Company also provides services relating to the maintenance and repair of its products, installation services and training. The Company primarily serves the semiconductor, advanced electronics and specialty industrial markets. 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. Reportable Segments VSD provides a broad range of instruments, components and subsystems which 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 broad range of instruments, components and subsystems which are derived from the Company's core competencies in lasers, photonics, optics, temperature sensing, precision motion control and vibration control. ESD provides a range of laser-based systems and test products, including laser-based systems for printed circuit board ("PCB") manufacturing, which includes flexible interconnect PCB processing systems and high density interconnect solutions for rigid PCB manufacturing and substrate processing, and multi-layer ceramic capacitor test systems. 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 similar products within its three reportable segments. The following table sets forth net revenues by reportable segment: Three Months Ended Six Months Ended June 30, June 30, 2022 June 30, 2021 2022 2021 Vacuum Solutions Division $ 507 $ 458 $ 981 $ 894 Photonics Solutions Division 228 193 456 375 Equipment Solutions Division 30 99 70 175 $ 765 $ 750 $ 1,507 $ 1,444 The following table sets forth a reconciliation of gross profit by reportable segment to net income: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Gross profit by reportable segment: Vacuum Solutions Division $ 219 $ 212 $ 425 $ 417 Photonics Solutions Division 109 90 222 172 Equipment Solutions Division 10 53 25 88 Total gross profit by reportable segment 338 355 672 677 Operating expenses: Research and development 53 50 105 97 Selling, general and administrative 101 97 193 193 Acquisition and integration costs 2 6 10 12 Restructuring and other 3 3 5 8 Amortization of intangible assets 15 13 30 25 Gain on sale of long-lived assets — — ( 7 ) — Income from operations 164 186 336 342 Interest income 1 — 1 — Interest expense 7 6 13 12 Other expense (income), net 2 8 ( 3 ) 9 Income before income taxes 156 172 327 321 Provision for income taxes 26 26 54 52 Net income $ 130 $ 146 $ 273 $ 269 The following table sets forth capital expenditures by reportable segment for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Vacuum Solutions Division $ 55 $ 8 $ 65 $ 17 Photonics Solutions Division 8 5 16 17 Equipment Solutions Division 1 3 2 9 Total capital expenditures $ 64 $ 16 $ 83 $ 43 Capital expenditures for the three and six months ended June 30, 2022 included a $ 42 million purchase and expansion of a facility in South Korea. The following table sets forth depreciation and amortization by reportable segment for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Vacuum Solutions Division $ 6 $ 6 $ 12 $ 12 Photonics Solutions Division 13 10 26 19 Equipment Solutions Division 9 9 18 18 Total depreciation and amortization $ 28 $ 25 $ 56 $ 49 Interest income, interest expense and income tax expense are not presented by reportable segment because the necessary information is not classified within the segments nor used by the CODM. The following table sets forth segment assets by reportable segment: June 30, 2022 Accounts Inventory Total Vacuum Solutions Division $ 344 $ 421 $ 765 Photonics Solutions Division 162 202 364 Equipment Solutions Division 35 67 102 Corporate, Eliminations & Other ( 60 ) ( 1 ) ( 61 ) Total segment assets $ 481 $ 689 $ 1,170 December 31, 2021 Accounts Inventory Total Vacuum Solutions Division $ 285 $ 339 $ 624 Photonics Solutions Division 146 177 323 Equipment Solutions Division 36 62 98 Corporate, Eliminations & Other ( 24 ) ( 1 ) ( 25 ) Total segment assets $ 443 $ 577 $ 1,020 The following is a reconciliation of segment assets to total assets: June 30, 2022 December 31, 2021 Total segment assets $ 1,170 $ 1,020 Cash and cash equivalents and short-term investments 1,067 1,042 Other current assets 112 85 Property, plant and equipment, net 377 326 Right-of-use assets 170 184 Goodwill and intangible assets, net 1,764 1,804 Other assets and long-term investments 89 79 Total assets $ 4,749 $ 4,540 Geographic Area Information about the Company's operations by geographic area 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. North America includes revenue from the United States and an immaterial amount of revenue from Canada. Three Months Ended June 30, Six Months Ended June 30, Net revenues: 2022 2021 2022 2021 North America $ 356 $ 292 $ 736 $ 574 South Korea 95 104 177 202 China 82 102 140 183 Other Asia 169 191 330 370 Europe 63 61 124 115 $ 765 $ 750 $ 1,507 $ 1,444 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. Long-lived assets: June 30, 2022 December 31, 2021 United States $ 227 $ 292 Mexico 223 133 Asia 133 106 Europe 35 36 $ 618 $ 567 Goodwill associated with each of the Company's reportable segments is as follows: June 30, 2022 December 31, 2021 Reportable segment: Vacuum Solutions Division $ 195 $ 195 Photonics Solutions Division 552 558 Equipment Solutions Division 473 475 Total goodwill $ 1,220 $ 1,228 Major Customers The following customers represented greater than 10% of the Company's net revenues as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lam Research Corporation 15 % 12 % 16 % 13 % Applied Materials, Inc. 13 % 11 % 12 % 11 %

Restructuring and Other

Restructuring and Other	6 Months Ended
	Jun. 30, 2022
Expense Of Restructuring Activities And Other [Abstract]
Restructuring and Other	17) Restructuring and Other Restructuring The Company recorded restructuring charges of $ 3 and $ 5 during the three and six months ended June 30, 2022, respectively, primarily related to severance costs due to a global cost-saving initiative and the closure of two facilities in Europe. The Company recorded restructuring charges of $ 2 and $ 5 during the three and six months ended June 30, 2021, respectively, primarily related to severance costs due to the announced closing of a facility in Europe and the movement of certain products to low-cost regions in the three months ended June 30, 2021, and a global cost saving initiative in the three months ended March 31, 2021. Restructuring activities were as follows: Six Months Ended June 30, 2022 2021 Restructuring accrual beginning of period $ 3 $ 1 Charged to expense 5 5 Payments and adjustments ( 6 ) ( 5 ) Restructuring accrual end of period $ 2 $ 1 Other The Company recorded charges of $ 1 and $ 3 during the three and six months ended June 30, 2021, respectively, related to duplicate facility costs.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	18) Commitments and Contingencies Litigation On March 25, 2016, two putative class action lawsuits captioned Dixon Chung v. Newport Corp., et al., and Hubert C. Pincon v. Newport Corp., et al., were filed in the District Court, Clark County, Nevada on behalf of a putative class of stockholders of Newport for claims related to the merger agreement between the Company, Newport, and a wholly-owned subsidiary of the Company ("Merger Sub"). The lawsuits named as defendants the Company, Newport, Merger Sub, and certain then current and former members of Newport’s board of directors. The lawsuits alleged that Newport’s directors breached their fiduciary duties to Newport’s stockholders in connection with the sale of Newport, which led to inadequate and unfair consideration, by agreeing to unfair deal protection devices and by omitting material information from the proxy statement. The complainants also alleged that the Company, Newport and Merger Sub aided and abetted the directors’ alleged breaches of their fiduciary duties and sought monetary damages, including pre- and post-judgment interest. The District Court consolidated the actions, and plaintiffs filed first amended complaint on October 24, 2016 and a second amended complaint on July 12, 2017, each of which were captioned In re Newport Corporation Shareholder Litigation, and made substantially similar allegations and sought monetary damages, including pre- and post-judgment interest. The District Court denied plaintiffs’ motion for leave to file a third amended complaint on October 10, 2019 and thereafter entered summary judgment for the defendants on January 23, 2020. On March 30, 2022, the Nevada Supreme Court entered an order affirming in their entirety the District Court's orders granting defendants' motion for summary judgment and denying plaintiffs' motion for leave to file an amended complaint. The Company is also 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. Atotech On July 1, 2021 , the Company entered into a definitive agreement with Atotech (as amended from time to time, the "Implementation Agreement") to acquire Atotech, a leading process chemicals technology company and a market leader in advanced electroplating solutions. Pursuant to the Implementation Agreement, the Company agreed to pay $ 16.20 per share in cash and 0.0552 of a share of MKS common stock for each outstanding common share of Atotech (the "Atotech Acquisition"). The final value of the consideration will be determined at the time of the closing of the Atotech Acquisition, which is subject to obtaining the required sanction by the Royal Court of Jersey and the satisfaction of customary closing conditions. The Company's obligation to complete the Atotech Acquisition is not subject to any financing condition. The Company intends to fund the cash portion of the transaction with a combination of available cash on hand and committed term loan debt financing. In connection with entering into the Implementation Agreement, the Company entered into (a) a debt commitment letter, dated as of July 1, 2021, with JPMorgan Chase Bank, N.A. and Barclays Bank PLC (the "Commitment Parties") and (b) joinders to such commitment letter to add certain additional lender parties (together with the Commitment Parties, the "2021 Commitment Parties") dated as of July 23, 2021 ((a) and (b) together, the "2021 Commitment Letter"), pursuant to which, subject to the terms and conditions set forth therein, the 2021 Commitment Parties committed to provide (i) a senior secured term loan credit facility in an aggregate principal amount of $ 5,300 , which would refinance the Term Loan Facility and be used to finance a portion of the Atotech Acquisition and refinance certain existing indebtedness of Atotech and (ii) a senior secured revolving credit facility with aggregate total commitments of $ 500 , which would replace the ABL Facility. On April 1, 2022, the Company entered into an amendment to the Implementation Agreement (the "Amendment"), providing for additional time for the satisfaction of certain closing conditions set forth in the Implementation Agreement, including approval of the Atotech Acquisition by the Royal Court of Jersey and receipt of regulatory approvals ("Clearances"), such that the Long Stop Date (as defined in the Implementation Agreement) was extended from March 31, 2022 to September 30, 2022. In addition, the Amendment amended certain provisions related to obtaining the Clearances, the timing of the closing date and the obligations of the parties with respect to the debt financing contemplated in connection with the Atotech Acquisition and provides for the automatic termination of the Implementation Agreement if the closing has not occurred by the Long Stop Date. In connection with the Amendment, the Company terminated the 2021 Commitment Letter and entered into (a) a new debt commitment letter, dated as of April 1, 2022, with the Commitment Parties and (b) joinders to such commitment letter to add certain additional lender parties (together with the Commitment Parties, the "2022 Commitment Parties") dated as of April 4, 2022 ((a) and (b) together, the "2022 Commitment Letter"), pursuant to which, among other things, the 2022 Commitment Parties committed to provide the Company with (i) a senior secured term loan B credit facility consisting of a $ 4,250 term loan B and (ii) a senior secured term loan A credit facility consisting of a $ 1,000 term loan A ((i) and (ii) together, the "2022 New Term Loan Facilities") and (iii) a senior secured revolving credit facility with aggregate total commitments of $ 500 (the "2022 New Revolving Credit Facility"). The 2022 New Term Loan Facilities and the 2022 New Revolving Credit Facility would replace the Term Loan Facility and the ABL Facility, respectively, be used to finance a portion of the Atotech Acquisition, to refinance certain existing indebtedness of Atotech, to pay fees and expenses in connection with the Atotech Acquisition, and, in the case of the 2022 New Revolving Credit Facility, be used for working capital and for general corporate purposes. On April 11, 2022, in connection with the 2022 Commitment Letter, the Company completed the syndication of the 2022 New Term Loan Facilities, comprised of (i) two tranches of term loan B: a tranche of $ 3,600 at the secured overnight financing rate ("SOFR") plus 2.75 %, a floor of 0.50 % and 2.0 % of original issue discount ("OID"), and a Euro tranche of EUR 600 at EURIBOR plus 3.00 %, a floor of 0.00 % and 2.00 % of OID; and (ii) a $ 1,000 term loan A at SOFR plus 2.50 %, a floor of 0.00 % and 0.25 % of OID. The 2022 Commitment Parties' obligations under the 2022 Commitment Letter and the closing and initial funding under the 2022 New Term Loan Facilities and the 2022 New Revolving Credit Facility are subject to certain customary conditions including, without limitation, the consummation of the Atotech Acquisition in accordance with the Implementation Agreement, the accuracy of specified representations and warranties of the Company and other customary closing conditions.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	19) Subsequent Events On July 28, 2022, the Company and Atotech received unconditional merger approval from China’s State Administration for Market Regulation for the Atotech Acquisition. The Atotech Acquisition has now received all required regulatory clearances and is anticipated to close on August 17, 2022, subject to obtaining the required sanction by the Royal Court of Jersey and the satisfaction of customary closing conditions.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 2022 June 30, 2021 Beginning balance, January 1 (1) $ 40 $ 37 Additions to deferred revenue and customer advances 91 76 Amount of deferred revenue and customer advances recognized in income ( 78 ) ( 72 ) Ending balance, June 30 (2) $ 53 $ 41 (1) Beginning balance as of January 1, 2022 included $ 37 of current deferred revenue and customer advances and $ 3 of non-current deferred revenue. Beginning balance as of January 1, 2021 included $ 31 of current deferred revenue and customer advances and $ 6 of non-current deferred revenue. (2) Ending balance as of June 30, 2022 included $ 51 of current deferred revenue and customer advances and $ 2 of non-current deferred revenue. Ending balance as of June 30, 2021 included $ 36 of current deferred revenue and customer advances and $ 5 of non-current deferred revenue.
Summary of Revenue from Contracts with Customers	The following tables summarize revenue from contracts with customers: Three Months Ended June 30, 2022 VSD PSD ESD Total Net revenues: Products $ 445 $ 207 $ 12 $ 664 Services 62 21 18 101 Total net revenues $ 507 $ 228 $ 30 $ 765 Three Months Ended June 30, 2021 VSD PSD ESD Total Net revenues: Products $ 399 $ 176 $ 82 $ 657 Services 59 17 17 93 Total net revenues $ 458 $ 193 $ 99 $ 750 Six Months Ended June 30, 2022 VSD PSD ESD Total Net revenues: Products $ 861 $ 417 $ 34 $ 1,312 Services 120 39 36 195 Total net revenues $ 981 $ 456 $ 70 $ 1,507 Six Months Ended June 30, 2021 VSD PSD ESD Total Net revenues: Products $ 778 $ 341 $ 143 $ 1,262 Services 116 34 32 182 Total net revenues $ 894 $ 375 $ 175 $ 1,444

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Gross Unrealized Gains and (Losses) Aggregated by Investment Category	The following tables show the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments: As of June 30, 2022: Cost Gross Gross Estimated Short-term investments: Time deposits and certificates of deposit $ 1 $ — $ — $ 1 Banker's acceptance drafts 1 — — 1 $ 2 $ — $ — $ 2 As of June 30, 2022: Cost Gross Gross Estimated Long-term investments: Group insurance contracts $ 5 $ 1 $ — $ 6 As of December 31, 2021: Cost Gross Gross Estimated 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 Gross Estimated Long-term investments: Group insurance contracts $ 5 $ 1 $ — $ 6

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2022 and are summarized as follows: Fair Value Measurements at Reporting Date Using Description June 30, 2022 Quoted Prices in Significant Significant Assets: Cash equivalents: Money market funds $ 306 $ 306 $ — $ — Available-for-sale investments: Time deposits and certificates of deposit 1 — 1 — Banker's acceptance drafts 1 — 1 — Group insurance contracts 6 — 6 — Derivatives Foreign exchange forward contracts 13 — 13 — Interest rate hedge - non-current 29 — 29 Pension and deferred compensation plan assets 21 — 21 — Total assets $ 377 $ 306 $ 71 $ — Liabilities: Derivatives – foreign exchange forward contracts $ 1 $ — $ 1 $ — Total liabilities $ 1 $ — $ 1 $ — Reported as follows: Assets: Cash equivalents $ 306 $ 306 $ — $ — Short-term investments 2 — 2 — Other current assets 13 — 13 — Total current assets $ 321 $ 306 $ 15 $ — Other assets $ 56 $ — $ 56 $ — Liabilities: Other current liabilities $ 1 $ — $ 1 $ — Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2021 and are summarized as follows: Fair Value Measurements at Reporting Date Using Description December 31, 2021 Quoted Prices in Significant Significant Assets: Cash equivalents: Money market funds $ 55 $ 55 $ — $ — U.S. treasury obligations 175 — 175 — 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 Group insurance contracts 6 — 6 — Derivatives Foreign exchange forward contracts 3 — 3 — Foreign currency options 3 — 3 — Interest rate hedge - non-current 9 — 9 — Pension and deferred compensation plan assets 20 — 20 — Total assets $ 347 $ 55 $ 292 $ — Liabilities: Derivatives Foreign exchange forward contracts $ 1 $ — $ 1 $ — Interest rate hedge - non-current 5 — 5 — Total liabilities $ 6 $ — $ 6 $ — Reported as follows: Assets: Cash equivalents $ 230 $ 55 $ 175 $ — Short-term investments 76 — 76 — Other current assets 6 — 6 Total current assets $ 312 $ 55 $ 257 $ — Other assets $ 35 $ — $ 35 $ — Liabilities: Other current liabilities $ 1 $ — $ 1 $ — Other liabilities $ 5 $ — $ 5 $ —

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021: June 30, 2022 Currency Hedged (Buy/Sell) Gross Notional Fair Value (1) U.S. dollar/Japanese yen $ 66 $ 5 U.S. dollar/South Korean won 111 5 U.S. dollar/euro 17 1 U.S. dollar/U.K. pound sterling 7 — U.S. dollar/Taiwan dollar 45 2 Total $ 246 $ 13 December 31, 2021 Currency Hedged (Buy/Sell) Gross Notional Fair Value (1) 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 (1) Represents receivable amount included in other current assets in the condensed consolidated balance sheet.
Summary of Interest Rate Hedges	The table below summarizes interest rate hedges outstanding at June 30, 2022 and December 31, 2021: June 30, June 30, December 31, Trade Date Effective Date Maturity Fixed Notional Notional Fair Fair April 3, 2019 April 5, 2019 March 31, 2023 2.309 % $ 200 $ 200 $ 1 $ ( 5 ) October 29, 2020 October 26, 2021 February 28, 2025 0.485 % $ 200 $ 200 13 4 October 29, 2020 March 31, 2022 February 28, 2025 0.623 % $ 100 $ 100 15 5 Total $ 29 $ 4
Summary of Foreign Currency Option Contracts Purchased to Hedge Conversion	the Company purchased foreign currency option contracts to fix the conversion of € 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 (income), net. June 30, June 30, December 31, Trade Date Effective Date Maturity Fixed Notional Amount Notional Amount Fair Fair October 26, 2021 October 26, 2021 January 31, 2022 1.162 % € 300 $ — $ — $ 3
Summary of Gains (Losses) on Derivatives Designated as Cash Flow Hedging Instruments	The following table provides a summary of the gains (losses) on derivatives designated as cash flow hedging instruments: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign exchange forward contracts: Net gains recognized in accumulated OCI $ 8 $ — $ 26 $ 11 Net gains (losses) reclassified from accumulated OCI into income $ 3 $ — $ 4 $ ( 2 )
Summary of Gains (Losses) on Derivatives Not Designated as Hedging Instruments	The following table provides a summary of the gains (losses) on derivatives not designated as hedging instruments: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign exchange forward contracts: Net gains (losses) recognized in income $ 1 $ ( 6 ) $ 7 $ ( 7 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consist of the following: June 30, 2022 December 31, 2021 Raw materials $ 490 $ 394 Work-in-process 92 83 Finished goods 107 100 $ 689 $ 577

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Elements of Lease Payments	The elements of lease expense were as follows: Three Months Ended June 30, 2022 2021 Lease cost: Operating lease $ 7 $ 6 Short-term lease 1 1 Total lease cost $ 8 $ 7 Six Months Ended June 30, 2022 2021 Lease cost: Operating lease cost $ 14 $ 14 Short-term lease 2 2 Total lease cost $ 16 $ 16
Future Lease Payment Under Non-Cancelable Lease	Future lease payments under non-cancelable leases as of June 30, 2022 are detailed as follows: 2022 (remaining) $ 12 2023 23 2024 20 2025 18 2026 15 Thereafter 158 Total lease payments 246 Less: imputed interest 48 Total operating lease liabilities $ 198

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	The changes in the carrying amount of goodwill and accumulated impairment loss during the six months ended June 30, 2022 were as follows: Gross Accumulated Net Beginning balance, January 1 $ 1,373 $ ( 145 ) $ 1,228 Foreign currency translation ( 8 ) — ( 8 ) Ending balance, June 30 $ 1,365 $ ( 145 ) $ 1,220
Intangible Assets	Components of the Company's intangible assets are comprised of the following: As of June 30, 2022: Gross Accumulated Foreign Net Completed technology $ 556 $ ( 260 ) $ — $ 296 Customer relationships 318 ( 135 ) ( 2 ) 181 Patents, trademarks, trade names and other 123 ( 55 ) ( 1 ) 67 $ 997 $ ( 450 ) $ ( 3 ) $ 544 As of December 31, 2021: Gross Accumulated Foreign Net Completed technology (1) $ 556 $ ( 242 ) $ — $ 314 Customer relationships (1) 318 ( 126 ) — 192 Patents, trademarks, trade names and other (1) 123 ( 52 ) ( 1 ) 70 $ 997 $ ( 420 ) $ ( 1 ) $ 576 (1) During the twelve months ended December 31, 2021, the Company recorded $ 121 of separately identified intangible assets related to its acquisition of Photon Control, representing $ 110 in completed technology, $ 9 in customer relationships and $ 2 in patents, trademarks, trade names and other.
Estimated Net Amortization Expense	Aggregate net amortization expense related to acquired intangible assets for future years is as follows: Year Amount 2022 (remaining) $ 30 2023 58 2024 57 2025 56 2026 52 2027 52 Thereafter 183

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Short-Term Debt	The Company's outstanding debt is as follows: June 30, 2022 December 31, 2021 Short-term debt: Term Loan Facility $ 9 $ 9 Japanese lines of credit 2 — Total short-term debt $ 11 $ 9
Schedule of Long-Term Debt	June 30, 2022 December 31, 2021 Long-term debt: Term Loan Facility, net (1) $ 804 $ 808 (1) Net of deferred financing fees, original issuance discount and repricing fees in the aggregate amount of $ 7 and $ 8 as of June 30, 2022 and December 31, 2021, respectively.
Schedule of Contractual Maturities of Debt Obligations	Contractual maturities of the Company's debt obligations as of June 30, 2022 are as follows: Year Amount 2022 (remaining) $ 7 2023 9 2024 9 2025 9 2026 788

Product Warranties (Tables)

Product Warranties (Tables)	6 Months Ended
	Jun. 30, 2022
Guarantees and Product Warranties [Abstract]
Product Warranty Activities	Product warranty activities were as follows: Six Months Ended June 30, 2022 2021 Beginning of period $ 21 $ 18 Provision for product warranties 12 22 Charges to warranty liability ( 14 ) ( 16 ) End of period $ 19 $ 24

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	The following table sets forth the computation of basic and diluted net income per share: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net income $ 130 $ 146 $ 273 $ 269 Denominator: Shares used in net income per common share – basic 55.7 55.4 55.6 55.3 Effect of dilutive securities 0.1 0.3 0.2 0.3 Shares used in net income per common share – diluted 55.8 55.7 55.8 55.6 Net income per common share: Basic $ 2.33 $ 2.64 $ 4.90 $ 4.86 Diluted $ 2.32 $ 2.63 $ 4.89 $ 4.83

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Total Stock-Based Compensation Expense Included in Company's Condensed Consolidated Statements of Operations and Comprehensive Income	The total stock-based compensation expense included in the Company's condensed consolidated statements of operations and comprehensive income was as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cost of revenues $ 2 $ 1 $ 3 $ 2 Research and development 2 1 3 2 Selling, general and administrative 9 7 15 15 Total pre-tax stock-based compensation expense $ 13 $ 9 $ 21 $ 19
Summary of Activity for RSUs	The following table presents the activity for RSUs under the Plans: Six Months Ended June 30, 2022 Outstanding RSUs Weighted Average RSUs – beginning of period 0.5 $ 127.93 Granted 0.4 $ 113.14 Vested ( 0.2 ) $ 119.15 RSUs – end of period 0.7 $ 122.15

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
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 long-term 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 at the date of the Photon Control Acquisition: Completed technology $ 110 9 years Customer relationships 9 10 years Backlog 2 1.5 years $ 121

Business Segment, Geographic _2

Business Segment, Geographic Area, and Significant Customer Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Net Revenues, Assets and Goodwill by Reportable Segment	The following table sets forth net revenues by reportable segment: Three Months Ended Six Months Ended June 30, June 30, 2022 June 30, 2021 2022 2021 Vacuum Solutions Division $ 507 $ 458 $ 981 $ 894 Photonics Solutions Division 228 193 456 375 Equipment Solutions Division 30 99 70 175 $ 765 $ 750 $ 1,507 $ 1,444 June 30, 2022 Accounts Inventory Total Vacuum Solutions Division $ 344 $ 421 $ 765 Photonics Solutions Division 162 202 364 Equipment Solutions Division 35 67 102 Corporate, Eliminations & Other ( 60 ) ( 1 ) ( 61 ) Total segment assets $ 481 $ 689 $ 1,170 December 31, 2021 Accounts Inventory Total Vacuum Solutions Division $ 285 $ 339 $ 624 Photonics Solutions Division 146 177 323 Equipment Solutions Division 36 62 98 Corporate, Eliminations & Other ( 24 ) ( 1 ) ( 25 ) Total segment assets $ 443 $ 577 $ 1,020 Goodwill associated with each of the Company's reportable segments is as follows: June 30, 2022 December 31, 2021 Reportable segment: Vacuum Solutions Division $ 195 $ 195 Photonics Solutions Division 552 558 Equipment Solutions Division 473 475 Total goodwill $ 1,220 $ 1,228
Reconciliation of Gross Profit by Reportable Segment to Net Income	The following table sets forth a reconciliation of gross profit by reportable segment to net income: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Gross profit by reportable segment: Vacuum Solutions Division $ 219 $ 212 $ 425 $ 417 Photonics Solutions Division 109 90 222 172 Equipment Solutions Division 10 53 25 88 Total gross profit by reportable segment 338 355 672 677 Operating expenses: Research and development 53 50 105 97 Selling, general and administrative 101 97 193 193 Acquisition and integration costs 2 6 10 12 Restructuring and other 3 3 5 8 Amortization of intangible assets 15 13 30 25 Gain on sale of long-lived assets — — ( 7 ) — Income from operations 164 186 336 342 Interest income 1 — 1 — Interest expense 7 6 13 12 Other expense (income), net 2 8 ( 3 ) 9 Income before income taxes 156 172 327 321 Provision for income taxes 26 26 54 52 Net income $ 130 $ 146 $ 273 $ 269
Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment	The following table sets forth capital expenditures by reportable segment for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Vacuum Solutions Division $ 55 $ 8 $ 65 $ 17 Photonics Solutions Division 8 5 16 17 Equipment Solutions Division 1 3 2 9 Total capital expenditures $ 64 $ 16 $ 83 $ 43 The following table sets forth depreciation and amortization by reportable segment for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Vacuum Solutions Division $ 6 $ 6 $ 12 $ 12 Photonics Solutions Division 13 10 26 19 Equipment Solutions Division 9 9 18 18 Total depreciation and amortization $ 28 $ 25 $ 56 $ 49
Reconciliation of Segment Assets to Total Assets	The following is a reconciliation of segment assets to total assets: June 30, 2022 December 31, 2021 Total segment assets $ 1,170 $ 1,020 Cash and cash equivalents and short-term investments 1,067 1,042 Other current assets 112 85 Property, plant and equipment, net 377 326 Right-of-use assets 170 184 Goodwill and intangible assets, net 1,764 1,804 Other assets and long-term investments 89 79 Total assets $ 4,749 $ 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. North America includes revenue from the United States and an immaterial amount of revenue from Canada. Three Months Ended June 30, Six Months Ended June 30, Net revenues: 2022 2021 2022 2021 North America $ 356 $ 292 $ 736 $ 574 South Korea 95 104 177 202 China 82 102 140 183 Other Asia 169 191 330 370 Europe 63 61 124 115 $ 765 $ 750 $ 1,507 $ 1,444 Long-lived assets: June 30, 2022 December 31, 2021 United States $ 227 $ 292 Mexico 223 133 Asia 133 106 Europe 35 36 $ 618 $ 567
Summary of Net Revenues by Major Customers	The following customers represented greater than 10% of the Company's net revenues as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lam Research Corporation 15 % 12 % 16 % 13 % Applied Materials, Inc. 13 % 11 % 12 % 11 %

Restructuring and Other (Tables

Restructuring and Other (Tables)	6 Months Ended
	Jun. 30, 2022
Expense Of Restructuring Activities And Other [Abstract]
Schedule of Company's Restructuring Activity	Restructuring activities were as follows: Six Months Ended June 30, 2022 2021 Restructuring accrual beginning of period $ 3 $ 1 Charged to expense 5 5 Payments and adjustments ( 6 ) ( 5 ) Restructuring accrual end of period $ 2 $ 1

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Deferred Revenue and Customer Advances by Arrangement (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Change in Contract with Customer, Liability [Abstract]
Beginning balance, January 1	$ 40	$ 37
Additions to deferred revenue and customer advances	91	76
Amount of deferred revenue and customer advances recognized in income	(78)	(72)
Ending balance, June 30	$ 53	$ 41

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Schedule of Deferred Revenue and Customer Advances by Arrangement (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Jan. 01, 2022	Dec. 31, 2021	Jun. 30, 2021	Jan. 01, 2021
Change in Contract with Customer, Liability [Line Items]
Non-current deferred revenue	$ 2	$ 3		$ 5	$ 6
Deferred revenue and customer advances	51		$ 37
Deferred Revenue [Member]
Change in Contract with Customer, Liability [Line Items]
Deferred revenue and customer advances	$ 51	$ 37		$ 36	$ 31

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Net revenues	$ 765	$ 750	$ 1,507	$ 1,444
Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	664	657	1,312	1,262
Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	101	93	195	182
VSD [Member]
Disaggregation of Revenue [Line Items]
Net revenues	507	458	981	894
VSD [Member] | Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	445	399	861	778
VSD [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	62	59	120	116
PSD [Member]
Disaggregation of Revenue [Line Items]
Net revenues	228	193	456	375
PSD [Member] | Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	207	176	417	341
PSD [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	21	17	39	34
ESD [Member]
Disaggregation of Revenue [Line Items]
Net revenues	30	99	70	175
ESD [Member] | Products [Member]
Disaggregation of Revenue [Line Items]
Net revenues	12	82	34	143
ESD [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	$ 18	$ 17	$ 36	$ 32

Investments - Gross Unrealized

Investments - Gross Unrealized Gains and (Losses) Aggregated by Investment Category (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost	$ 2	$ 76
Investments, Estimated Fair Value	2	76
Time Deposits and Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost	1	22
Investments, Estimated Fair Value	1	22
Bankers' Acceptance Drafts [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost	1
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost		42
Investments, Estimated Fair Value	1	42
U.S. Treasury Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost		11
Investments, Estimated Fair Value		11
U.S. Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Cost		1
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, Estimated Fair Value	$ 6	$ 6

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale investments	$ 2	$ 76
Short-term investments	2	76
Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale investments		42
Banker's Acceptance Drafts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale investments	1
Fair Value Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	306	230
Pension and deferred compensation plan assets	21	20
Total assets	377	347
Total liabilities	1	6
Short-term investments	2	76
Other current assets	13	6
Total current assets	321	312
Other assets	56	35
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	29	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	13	3
Derivatives- foreign exchange forward contracts	1	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 investments		42
Fair Value Measurements, Recurring [Member] | Banker's Acceptance Drafts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale investments	1
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 investments	6	6
Fair Value Measurements, Recurring [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	306	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 investments	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 equivalents		175
Available-for-sale investments		11
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 investments		1
Fair Value Measurements, Recurring [Member] | Other Current Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		1
Fair Value Measurements, Recurring [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	1	5
Fair Value Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	306	55
Total assets	306	55
Total current assets	306	55
Fair Value Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		55
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 equivalents		175
Pension and deferred compensation plan assets	21	20
Total assets	71	292
Total liabilities	1	6
Short-term investments	2	76
Other current assets	13	6
Total current assets	15	257
Other assets	56	35
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	29	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	13	3
Derivatives- foreign exchange forward contracts	1	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-interest rate hedge - non-current		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 investments		42
Fair Value Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Banker's Acceptance Drafts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale investments	1
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 investments	6	6
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 investments	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 equivalents		175
Available-for-sale investments		11
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 investments		1
Fair Value Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Current Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		1
Fair Value Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	$ 1	$ 5

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)
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
Accumulated other comprehensive income realization period	12 months
Derivatives Foreign Currency Options [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount in EUR/USD | €			€ 300
Foreign Exchange Forward Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional values of outstanding forward foreign exchange contracts	$ 246	$ 241
Other Expense, Net [Member] | Derivatives Foreign Currency Options [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain net of premium	$ 5

Derivatives - Summary of Primar

Derivatives - Summary of Primary Net Hedging Positions and Corresponding Fair Values (Detail) - Foreign Exchange Forward Contracts [Member] - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	$ 246	$ 241
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	13	3
U.S. Dollar/Japanese Yen [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	66	60
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	5	2
U.S. Dollar/South Korean Won [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	111	108
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	5	1
U.S. Dollar/Euro [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	17	15
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	1
U.S. Dollar/U.K. Pound Sterling [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	7	11
U.S. Dollar/Taiwan Dollar [Member]
Derivative [Line Items]
Currency Hedged (Buy/Sell), Gross Notional Value, Net	45	$ 47
Currency Hedged (Buy/Sell), Fair Value, (Liability)/Asset, Net	$ 2

Derivatives - Summary of Intere

Derivatives - Summary of Interest Rate Hedges (Detail) - Incremental Term Loan Facility [Member] - Interest Rate Hedge [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Fair Value Asset (Liability)	$ 29	$ 4
Swap Agreement One [Member]
Derivative [Line Items]
Trade Date	Apr. 03, 2019
Effective Date	Apr. 05, 2019
Maturity	Mar. 31, 2023
Fixed Rate	2.309%
Notional Amount at Effective Date	$ 200
Fair Value Asset (Liability)	$ 1	(5)
Swap Agreement Two [Member]
Derivative [Line Items]
Trade Date	Oct. 29, 2020
Effective Date	Oct. 26, 2021
Maturity	Feb. 28, 2025
Fixed Rate	0.485%
Notional Amount at Effective Date	$ 200
Fair Value Asset (Liability)	$ 13	4
Swap Agreement Three [Member]
Derivative [Line Items]
Trade Date	Oct. 29, 2020
Effective Date	Mar. 31, 2022
Maturity	Feb. 28, 2025
Fixed Rate	0.623%
Notional Amount at Effective Date	$ 100
Fair Value Asset (Liability)	$ 15	$ 5

Derivatives - Summary of Foreig

Derivatives - Summary of Foreign Currency Option Contracts Purchased to Hedge Conversion (Detail) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)
Option Agreement [Member]
Derivative [Line Items]
Fixed Rate	1.162%
Foreign Exchange Option [Member]
Derivative [Line Items]
Notional amount in EUR/USD			€ 300
Foreign Exchange Option [Member] | Option Agreement [Member]
Derivative [Line Items]
Trade Date	Oct. 26, 2021
Effective Date	Oct. 26, 2021
Maturity	Jan. 31, 2022
Notional amount in EUR/USD	€ 300
Fair Value Asset (Liability) | $		$ 3

Derivatives - Summary of Gains

Derivatives - Summary of Gains (Losses) on Derivatives Designated as Cash Flow Hedging Instruments (Detail) - Cash Flow Hedging [Member] - Foreign Exchange Forward Contracts [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Net gain recognized in accumulated OCI	$ 8	$ 26	$ 11
Net gain (loss) reclassified from accumulated OCI into income	$ 3	$ 4	$ (2)

Derivatives - Summary of Gain_2

Derivatives - Summary of Gains (Losses) on Derivatives Not Designated as Hedging Instruments (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreign Exchange Contracts [Member]
Derivative Instruments Gain Loss Not Designated As Hedging Instruments [Line Items]
Net gains (losses) recognized in income	$ 1	$ (6)	$ 7	$ (7)

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 490	$ 394
Work-in-process	92	83
Finished goods	107	100
Inventories	$ 689	$ 577

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Line Items]
Weighted average discount rate	3%	2.90%
Weighted average remaining lease term	14 years 1 month 6 days	14 years 7 months 6 days
Operating cash flows used for operating leases	$ 12	$ 12
Tenant improvement allowance receipts	$ 1	$ 8

Leases - Lease expense (Detail)

Leases - Lease expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease cost:
Operating lease	$ 7	$ 6	$ 14	$ 14
Short-term lease	1	1	2	2
Total lease cost	$ 8	$ 7	$ 16	$ 16

Leases - Schedule of Future Lea

Leases - Schedule of Future Lease Payments (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Leases [Abstract]
2022 (remaining)	$ 12
2023	23
2024	20
2025	18
2026	15
Thereafter	158
Total lease payments	246
Less: imputed interest	48
Total operating lease liabilities	$ 198

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill And Intangible Assets [Line Items]
Amortization of intangible assets	$ 15	$ 13	$ 30	$ 25
ESD [Member]
Goodwill And Intangible Assets [Line Items]
Percentage of fair value of reporting unit in excess of carrying amount	10%		10%
Trademarks and trade names [member]
Goodwill And Intangible Assets [Line Items]
Un-amortized Intangible assets, net	$ 56		$ 56

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Goodwill (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance, Goodwill Gross Carrying Amount	$ 1,373
Foreign currency translation, Gross Carrying Amount	(8)
Ending balance, Goodwill Gross Carrying Amount	1,365
Beginning balance, Accumulated Impairment Loss	(145)
Ending balance, Accumulated Impairment Loss	(145)
Beginning balance, Goodwill Net	1,228
Foreign currency translation, Net	(8)
Ending balance, Goodwill Net	$ 1,220

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 997	$ 997
Accumulated Amortization and Impairment Charges	(450)	(420)
Foreign Currency Translation	(3)	(1)
Intangible assets, net	544	576
Completed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	556	556
Accumulated Amortization and Impairment Charges	(260)	(242)
Intangible assets, net	296	314
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	318	318
Accumulated Amortization and Impairment Charges	(135)	(126)
Foreign Currency Translation	(2)
Intangible assets, net	181	192
Patents, Trademarks, Trade Names and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	123	123
Accumulated Amortization and Impairment Charges	(55)	(52)
Foreign Currency Translation	(1)	(1)
Intangible assets, net	$ 67	$ 70

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Intangible Assets (Parenthetical) (Detail) - Photon Control Inc [Member] - USD ($) $ in Millions		12 Months Ended
	Jul. 15, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 121	$ 121
Completed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	110	110
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 9	9
Trademarks Tradenames And Backlog
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price		$ 2

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Estimated Net Amortization Expense (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining)	$ 30
2023	58
2024	57
2025	56
2026	52
2027	52
Thereafter	$ 183

Debt - Schedule of Short-Term D

Debt - Schedule of Short-Term Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Short Term Debt [Line Items]
Short term debt	$ 11	$ 9
Term Loan Facility [Member]
Short Term Debt [Line Items]
Short term debt	9	$ 9
Japan [Member] | Line of Credit [Member]
Short Term Debt [Line Items]
Short term debt	$ 2

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long term debt	$ 804	$ 808
Term Loan Facility, Net [Member]
Debt Instrument [Line Items]
Long term debt	$ 804	$ 808

Debt - Schedule of Long-Term _2

Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Term Loan Facility, Net [Member]
Debt Instrument [Line Items]
Deferred financing fees, original issuance discount and repricing fees	$ 7	$ 8

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Disclosure [Abstract]
Interest expense	$ 7	$ 6	$ 13	$ 12

Debt - Senior Secured Term Loan

Debt - Senior Secured Term Loan Credit Facility - Additional Information (Detail) - Newport Corporation [Member] - Secured Debt [Member]	6 Months Ended
	Jun. 30, 2022 USD ($)
Term Loan Credit Agreement
Debt Instrument [Line Items]
Secured term loan, face amount	$ 780,000,000
Term loan maturity date	Feb. 02, 2026
Debt instrument, interest rate terms	borrowings under the Term Loan Facility​​​​​​​ bear interest per annum at one of the following rates selected by the Company: (a) 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, (3) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00%, and (4) a floor of 1.00%, plus, in each case, an applicable margin of 0.75%; or (b) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs, subject to a LIBOR rate floor of 0.0%, plus an applicable margin of 1.75%. The Company has elected the interest rate as described in clause (b) of the foregoing sentence. The Term Loan Credit Agreement provides that, unless an alternate rate of interest is agreed, all loans will be determined by reference to the base rate if the LIBOR rate cannot be ascertained, if regulators impose material restrictions on the authority of a lender to make LIBOR rate loans, or for other reasons.
Debt instrument, interest rate	0%
Debt instrument, frequency of periodic payment	quarterly
Debt instrument, periodic payment percentage	0.25%
Line of credit facility minimum additional borrowing capacity	$ 600,000,000
Minimum percentage of consolidated EBITDA	100%
Leverage ratio	3.25
Term Loan Credit Agreement | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	0.75%
Term Loan Credit Agreement | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	0.50%
Term Loan Credit Agreement | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	1.75%
Term Loan Credit Agreement | Adjusted One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	1%
Term Loan Credit Agreement | Floor Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	1%
Term Loan Facility [Member]
Debt Instrument [Line Items]
Secured term loan, face amount	$ 820,000,000
Debt instrument, interest rate	2.80%

Debt - Senior Secured Asset-Bas

Debt - Senior Secured Asset-Based Revolving Credit Facility - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Percentage of commitment amount available	10%
Availability under credit facility	$ 9,000,000
Number of consecutive business days for borrowing base	30 days
Asset Based Credit Agreement [Member]
Debt Instrument [Line Items]
Percentage of commitment amount available	10%
Availability under credit facility	$ 9,000,000
Number of consecutive business days for borrowing base	3 days
Electro Scientific Industries Inc [Member] | Asset Based Credit Agreement [Member] | Revolving Lines of Credit [Member]
Debt Instrument [Line Items]
Secured term loan, face amount	$ 100,000,000
Electro Scientific Industries Inc [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Percentage of borrowing based on eligible accounts	85%
Percentage of borrowing based on lower of net book value of eligible inventory	20%
Percentage of borrowing base	30%
Percentage of borrowing based on lower of cost or market value of certain eligible inventory	65%
Percentage of borrowing based on net orderly liquidation value of certain eligible inventory	85%
Electro Scientific Industries Inc [Member] | Asset Based Credit Agreement [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Borrowing capacity in the form of letters of credit	$ 25,000,000
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Revolving Lines of Credit [Member]
Debt Instrument [Line Items]
Clause to accelerate the scheduled maturities	Under the ABL Facility, the Company is required to prepay amounts outstanding under the ABL Facility (1) if amounts outstanding under the ABL Facility exceed the lesser of (a) the commitment amount and (b) the borrowing base, in an amount required to reduce such shortfall, (2) if amounts outstanding under the ABL Facility in any currency other than U.S. dollars exceed the sublimit for such currency, in an amount required to reduce such shortfall, and (3) during any period in which the Company has excess availability less than the greater of (a) 10.0% of the lesser of (x) the commitment amount and (y) the borrowing base (the "Line Cap") and (b) $9 for 3 consecutive business days, until the time when the Company has excess availability equal to or greater than the greater of (A) 10.0% of the Line Cap and (B) $9 for 30 consecutive days, or during the continuance of an event of default, with immediately available funds in its blocked accounts.
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	0.50%
Debt instrument, interest rate terms	As of June 30, 2022, borrowings under the ABL Facility 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) 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, (3) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00% and (4) a floor of 0.00%, plus, in each case, an applicable margin ranging from 0.25% to 0.50%; and (b) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs, with a floor of 0.00%, plus, in each case, an applicable margin ranging from 1.25% to 1.50%. The applicable margin for borrowings thereunder is subject to upward or downward adjustment each fiscal quarter, based on the average historical excess availability during the preceding quarter.
Initial commitment fee percentage	0.25%
Number of consecutive business days for borrowing base	30 days
Minimum term loan with earlier maturity than ABL facility subject to spring maturity	$ 100,000,000
Debt instrument, collateral	All obligations under the ABL Facility are guaranteed by certain of the Company's 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.
Clause to maintain a Fixed Charge Coverage Ratio	From the time when the Company has excess availability less than the greater of (a) 10.0% of the Line Cap and (b) $9 until the time when the Company has excess availability equal to or greater than the greater of (a) 10.0% of the Line Cap and (b) $9 for 30 consecutive days, or during the continuance of an event of default, the ABL Credit Agreement requires the Company to maintain a fixed charge coverage ratio, tested on the last day of each fiscal quarter, of at least 1.0 to 1.0.
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage of line of credit facility excess availability commitment fee	10%
Line of credit facility excess availability amount	$ 9,000,000
Fixed charge coverage ratio	1
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage of line of credit facility excess availability commitment fee	10%
Line of credit facility excess availability amount	$ 9,000,000
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | Adjusted One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	1%
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | Floor Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	0%
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	0.25%
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	0.50%
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	1.25%
Newport Corporation [Member] | Asset Based Credit Agreement [Member] | Secured Debt [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	1.50%

Debt - Lines of Credit and Borr

Debt - Lines of Credit and Borrowing Arrangements - Additional Information (Detail) - Revolving Lines of Credit [Member] - Japan [Member] - USD ($)	6 Months Ended
	Jun. 30, 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	$ 25,000,000
Total borrowings outstanding	$ 2,000,000	$ 0

Debt - Schedule of Contractual

Debt - Schedule of Contractual Maturities of Debt Obligations (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Maturities of Long-Term Debt [Abstract]
2022 (remaining)	$ 7
2023	9
2024	9
2025	9
2026	$ 788

Product Warranties - Product Wa

Product Warranties - Product Warranty Activities (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Guarantees [Abstract]
Beginning of period	$ 21	$ 18
Provision for product warranties	12	22
Charges to warranty liability	(14)	(16)
End of period	$ 19	$ 24

Product Warranties - Additional

Product Warranties - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021
Other Current Liabilities [Member]
Product Warranty Liability [Line Items]
Short-term product warranties	$ 18	$ 21
Other Noncurrent Liabilities [Member]
Product Warranty Liability [Line Items]
Long-term product warranties	$ 1	$ 3

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	17%	15.10%	16.60%	16.20%
Amount of gross unrecognized tax benefits excluding interest and penalties	$ 38		$ 38		$ 43
Accrued interest on unrecognized tax benefits	$ 1		1		$ 1
Net unrecognized tax benefits, excluding interest and penalties, related to foreign tax positions			$ 1

Net Income Per Share - Computat

Net Income Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income	$ 130	$ 143	$ 146	$ 122	$ 273	$ 269
Denominator:
Shares used in net income per common share – basic	55.7		55.4		55.6	55.3
Effect of dilutive securities	0.1		0.3		0.2	0.3
Shares used in net income per common share – diluted	55.8		55.7		55.8	55.6
Net income per common share:
Basic	$ 2.33		$ 2.64		$ 4.90	$ 4.86
Net income per common share:
Diluted	$ 2.32		$ 2.63		$ 4.89	$ 4.83

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Total Stock-Based Compensation Expense Included in Company's Condensed Consolidated Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total pre-tax stock-based compensation expense	$ 13	$ 9	$ 21	$ 19
Cost of Revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total pre-tax stock-based compensation expense	2	1	3	2
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total pre-tax stock-based compensation expense	2	1	3	2
Selling, General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total pre-tax stock-based compensation expense	$ 9	$ 7	$ 15	$ 15

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Compensation Related Costs [Abstract]
Total compensation expense related to unvested stock-based awards granted to employees, officers and directors	$ 54

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Activity for RSUs (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs, beginning of period | shares	500,000
Granted | shares	400,000
Vested | shares	(200,000)
RSU, end of period | shares	700,000
RSUs, Weighted Average Grant Date Fair Value, Beginning of period | $ / shares	$ 127.93
Weighted Average Grant Date Fair Value, Granted | $ / shares	113.14
Weighted Average Grant Date Fair Value, Vested | $ / shares	119.15
RSUs, Weighted Average Grant Date Fair Value, end of period | $ / shares	$ 122.15

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)			3 Months Ended				6 Months Ended
	Jul. 25, 2022	Jul. 25, 2011	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Stockholders Equity [Line Items]
Common stock, value of shares authorized to repurchase		$ 200,000,000
Stock repurchase, shares		2,600,000	0		0		0	0
Value of shares repurchased		$ 127,000,000
Cash dividends per common share			$ 0.22	$ 0.22	$ 0.22	$ 0.20
Dividend payment to common shareholders							$ 24,000,000	$ 23,000,000
Subsequent Event [Member]
Stockholders Equity [Line Items]
Dividend declared date	Jul. 25, 2022
Cash dividend to be paid	$ 0.22
Dividend to be paid date	Sep. 09, 2022
Dividend declared, shareholders of record date	Aug. 08, 2022

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - Photon Control Inc [Member] $ in Thousands	Jul. 15, 2021 CAD ($)
Business Acquisition [Line Items]
Date of completed previously announced acquisition	Jul. 15, 2021
Price per share of common stock in cash	$ 3,600

Acquisition - Summary of Purcha

Acquisition - Summary of Purchase Price (Detail) - Photon Control, Inc. [Member] $ in Millions	Jul. 15, 2021 USD ($)
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

Acquisition - Summary of Estima

Acquisition - Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Jul. 15, 2021	Jun. 30, 2022	Dec. 31, 2021
Acquisition Date [Line Items]
Goodwill		$ 1,220	$ 1,228
Photon Control Inc [Member]
Acquisition Date [Line Items]
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 long-term 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

Acquisition - Allocation of Acq

Acquisition - Allocation of Acquired Intangible Assets and Liabilities Related Estimates of Useful Lives (Detail) - Photon Control Inc [Member] - USD ($) $ in Millions		12 Months Ended
	Jul. 15, 2021	Dec. 31, 2021
Acquired Finite Lived Intangible Assets [Line Items]
Acquired intangible assets, purchase price	$ 121	$ 121
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
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
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

Business Segment, Geographic _3

Business Segment, Geographic Area, and Significant Customer Information - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Segment	Jun. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment			3
Capital expenditures	$ 64	$ 16	$ 83	$ 43
Facility in South Korea [Member]
Segment Reporting Information [Line Items]
Capital expenditures	$ 42		$ 42

Business Segment, Geographic _4

Business Segment, Geographic Area, and Significant Customer Information - Net Revenues by Reportable Segment (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net revenues	$ 765	$ 750	$ 1,507	$ 1,444
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Net revenues	507	458	981	894
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Net revenues	228	193	456	375
Equipment Solutions Division [Member]
Segment Reporting Information [Line Items]
Net revenues	$ 30	$ 99	$ 70	$ 175

Business Segment, Geographic _5

Business Segment, Geographic Area, and Significant Customer Information - Reconciliation of Gross Profit to Net Income (Detail) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Gross profit	$ 338		$ 355		$ 672	$ 677
Research and development	53		50		105	97
Selling, general and administrative	101		97		193	193
Acquisition and integration costs	2		6		10	12
Restructuring and other	3		3		5	8
Amortization of intangible assets	15		13		30	25
Gain on sale of long-lived assets					(7)
Income from operations	164		186		336	342
Interest income	1				1
Interest expense	7		6		13	12
Other expense (income), net	2		8		(3)	9
Income before income taxes	156		172		327	321
Provision for income taxes	26		26		54	52
Net income	130	$ 143	146	$ 122	273	269
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Gross profit	219		212		425	417
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Gross profit	109		90		222	172
Equipment Solutions Division [Member]
Segment Reporting Information [Line Items]
Gross profit	$ 10		$ 53		$ 25	$ 88

Business Segment, Geographic _6

Business Segment, Geographic Area, and Significant Customer Information - Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Capital expenditures	$ 64	$ 16	$ 83	$ 43
Depreciation and amortization	28	25	56	49
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Capital expenditures	55	8	65	17
Depreciation and amortization	6	6	12	12
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Capital expenditures	8	5	16	17
Depreciation and amortization	13	10	26	19
Equipment Solutions Division [Member]
Segment Reporting Information [Line Items]
Capital expenditures	1	3	2	9
Depreciation and amortization	$ 9	$ 9	$ 18	$ 18

Business Segment, Geographic _7

Business Segment, Geographic Area, and Significant Customer Information - Segment Assets by Reportable Segment (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Accounts receivable	$ 481	$ 443
Inventory	689	577
Total assets	1,170	1,020
Operating Segments [Member] | Vacuum Solutions Division Member
Segment Reporting Information [Line Items]
Accounts receivable	344	285
Inventory	421	339
Total assets	765	624
Operating Segments [Member] | Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Accounts receivable	162	146
Inventory	202	177
Total assets	364	323
Operating Segments [Member] | Equipment Solutions Division [Member]
Segment Reporting Information [Line Items]
Accounts receivable	35	36
Inventory	67	62
Total assets	102	98
Corporate, Eliminations & Other [Member]
Segment Reporting Information [Line Items]
Accounts receivable	(60)	(24)
Inventory	(1)	(1)
Total assets	$ (61)	$ (25)

Business Segment, Geographic _8

Business Segment, Geographic Area, and Significant Customer Information - Reconciliation of Segment Assets to Total Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total segment assets	$ 1,170	$ 1,020
Cash and cash equivalents	1,065	966
Other current assets	112	85
Property, plant and equipment, net	377	326
Right-of-use assets	170	184
Other assets and long-term investments	89	79
Total assets	4,749	4,540
Segment Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	1,067	1,042
Other current assets	112	85
Property, plant and equipment, net	377	326
Right-of-use assets	170	184
Goodwill and intangible assets, net	1,764	1,804
Other assets and long-term investments	89	79
Total assets	$ 4,749	$ 4,540

Business Segment, Geographic _9

Business Segment, Geographic Area, and Significant Customer Information - Schedule of Net Revenues and Long-Lived Assets by Geographic Regions (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	$ 765	$ 750	$ 1,507	$ 1,444
Long-lived assets	618		618		$ 567
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	356	292	736	574
South Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	95	104	177	202
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	82	102	140	183
Other Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	169	191	330	370
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	63	$ 61	124	$ 115
Long-lived assets	35		35		36
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	227		227		292
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	223		223		133
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 133		$ 133		$ 106

Business Segment, Geographic_10

Business Segment, Geographic Area, and Significant Customer Information - Schedule of Net Revenues and Long-Lived Assets by Geographic Regions (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 618	$ 567
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	227	292
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 223	$ 133

Business Segment, Geographic_11

Business Segment, Geographic Area, and Significant Customer Information - Summary of Goodwill Associated with Reportable Segments (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Goodwill	$ 1,220	$ 1,228
Vacuum Solutions Division [Member]
Segment Reporting Information [Line Items]
Goodwill	195	195
Photonics Solutions Division [Member]
Segment Reporting Information [Line Items]
Goodwill	552	558
Equipment Solutions Division [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 473	$ 475

Business Segment, Geographic_12

Business Segment, Geographic Area, and Significant Customer Information - Summary of Net Revenues by Major Customers (Detail) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lam Research Corporation [Member]
Segment Reporting Information [Line Items]
Percentage of total net revenues	15%	12%	16%	13%
Applied Materials, Inc. [Member]
Segment Reporting Information [Line Items]
Percentage of total net revenues	13%	11%	12%	11%

Restructuring and Other - Addit

Restructuring and Other - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Facility	Jun. 30, 2021 USD ($)
Restructuring Cost and Other Cost [Line Items]
Restructuring charges	$ 3	$ 2	$ 5	$ 5
Other restructuring charges, facility cost		$ 1		$ 3
Europe [Member]
Restructuring Cost and Other Cost [Line Items]
Number of facilities yet to close | Facility			2

Restructuring and Other - Sched

Restructuring and Other - Schedule of Company's Restructuring Activity (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring accrual beginning of period			$ 3	$ 1
Charged to expense	$ 3	$ 2	5	5
Payments and adjustments			(6)	(5)
Restructuring accrual end of period	$ 2	$ 1	$ 2	$ 1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands, € in Millions	Apr. 11, 2022 USD ($)	Jul. 01, 2021 USD ($) shares	Apr. 11, 2022 EUR (€)	Apr. 01, 2022 USD ($)
Atotech Limited [Member]
Commitments And Contingencies [Line Items]
Date of acquisition agreement		Jul. 01, 2021
Price per share of common stock in cash		$ 16,200
Number of shares received per common shares | shares		0.0552
Senior Secured Term Loan Facility [Member] | Atotech Limited [Member]
Commitments And Contingencies [Line Items]
Senior secured credit facility		$ 5,300,000
Senior Secured Revolving Credit Facility [Member] | Atotech Limited [Member]
Commitments And Contingencies [Line Items]
Senior secured credit facility		$ 500,000
2022 New Term Loan B Facility [Member]
Commitments And Contingencies [Line Items]
Senior secured credit facility				$ 4,250,000
2022 New Term Loan B Facility [Member] | Tranche [Member]
Commitments And Contingencies [Line Items]
Borrowing capacity in the form of letters of credit	$ 3,600,000
2022 New Term Loan B Facility [Member] | Tranche [Member] | SOFR [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	2.75%
2022 New Term Loan B Facility [Member] | Tranche [Member] | Floor Rate [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	0.50%
2022 New Term Loan B Facility [Member] | Tranche [Member] | Original Issue Discount [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	2%
2022 New Term Loan B Facility [Member] | Euro Tranche [Member]
Commitments And Contingencies [Line Items]
Borrowing capacity in the form of letters of credit | €			€ 600
Debt instrument, interest rate	3%
2022 New Term Loan B Facility [Member] | Euro Tranche [Member] | Floor Rate [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	0%
2022 New Term Loan B Facility [Member] | Euro Tranche [Member] | Original Issue Discount [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	2%
2022 New Term Loan A Facility [Member]
Commitments And Contingencies [Line Items]
Senior secured credit facility				1,000,000
Borrowing capacity in the form of letters of credit	$ 1,000,000
2022 New Term Loan A Facility [Member] | SOFR [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	2.50%
2022 New Term Loan A Facility [Member] | Floor Rate [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	0%
2022 New Term Loan A Facility [Member] | Original Issue Discount [Member]
Commitments And Contingencies [Line Items]
Debt instrument, interest rate	0.25%
2022 New Revolving Credit Facility [Member]
Commitments And Contingencies [Line Items]
Senior secured credit facility				$ 500,000