Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

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:


	Nine Months Ended
	September 30, 2024			September 30, 2023
Beginning balance, January 1(1)	$	79		$	96
Additions to deferred revenue and customer advances		103			122
Amount of deferred revenue and customer advances recognized in income		(110	)		(136	)
Ending balance, September 30(2)	$	72		$	82

(1)

Beginning balance as of January 1, 2024 included $77 of current deferred revenue and customer advances and $2 of non-current deferred revenue. Beginning balance as of January 1, 2023 included $94 of current deferred revenue and customer advances and $2 of non-current deferred revenue.

(2)

Ending balance as of September 30, 2024 included $70 of current deferred revenue and customer advances and $2 of non-current deferred revenue. Ending balance as of September 30, 2023 included $80 of current deferred revenue and customer advances and $2 of non-current deferred revenue.

Summary of Revenue from Contracts with Customers

The following tables summarize product and service revenue from contracts with customers in MKS’ three reportable segments.


	Three Months Ended September 30, 2024
	VSD		PSD		MSD		Total
Net revenues:
Products	$	283	$	209	$	284	$	776
Services		62		42		16		120
Total net revenues	$	345	$	251	$	300	$	896


	Three Months Ended September 30, 2023
	VSD		PSD		MSD		Total
Net revenues:
Products	$	294	$	225	$	299	$	818
Services		60		42		12		114
Total net revenues	$	354	$	267	$	311	$	932


	Nine Months Ended September 30, 2024
	VSD		PSD		MSD		Total
Net revenues:
Products	$	833	$	633	$	835	$	2,301
Services		179		126		46		351
Total net revenues	$	1,012	$	759	$	881	$	2,652


	Nine Months Ended September 30, 2023
	VSD		PSD		MSD		Total
Net revenues:
Products	$	929	$	613	$	874	$	2,416
Services		163		111		40		314
Total net revenues	$	1,092	$	724	$	914	$	2,730

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Semiconductor	$	378	$	367	$	1,098	$	1,117
Electronics and Packaging		231		243		669		691
Specialty Industrial		287		322		885		922
	$	896	$	932	$	2,652	$	2,730