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Segment and Geographic Data
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Geographic Data Segment and Geographic Data
Our business has three reportable segments: Water Infrastructure, Applied Water and Measurement & Control Solutions. When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. The Water Infrastructure segment focuses on the transportation and treatment of water, offering a range of products including water, wastewater and storm water pumps, treatment equipment, and controls and systems. The Applied Water segment serves many of the primary uses of water and focuses on the residential, commercial and industrial markets. The Applied Water segment's major products include pumps, valves, heat exchangers, controls and dispensing equipment. The Measurement & Control Solutions segment focuses on developing advanced technology solutions that enable intelligent use and conservation of critical water and energy resources as well as analytical instrumentation used in the testing of water. The Measurement & Control Solutions segment's major products include smart metering, networked communications, measurement and control technologies, critical infrastructure technologies, software and services including cloud-based analytics, remote monitoring and data management, leak detection and pressure monitoring solutions and testing equipment.
Additionally, we have Regional selling locations, which consist primarily of selling and marketing organizations and related support services, that offer products and services across our reportable segments. Corporate and other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as environmental matters, that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources.
The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1, "Summary of Significant Accounting Policies"). The following tables contain financial information for each reportable segment:
Year Ended December 31,
(in millions)202220212020
Revenue:
Water Infrastructure$2,364 $2,247 $2,079 
Applied Water1,767 1,613 1,434 
Measurement & Control Solutions1,391 1,335 1,363 
Total$5,522 $5,195 $4,876 
Operating income:
Water Infrastructure$418 $387 $318 
Applied Water258 240 205 
Measurement & Control Solutions2 12 (106)
Corporate and other(56)(54)(50)
Total operating income622 585 367 
Interest expense50 76 77 
U.K. pension settlement expense140 — — 
Other non-operating (expense) income, net7 — (5)
Gain on sale of businesses1 2 — 
Income before taxes$440 $511 $285 
Depreciation and amortization:
Water Infrastructure$53 $51 $57 
Applied Water19 22 24 
Measurement & Control Solutions137 145 142 
Regional selling locations (a)19 20 20 
Corporate and other8 7 8 
Total$236 $245 $251 
Capital expenditures:
Water Infrastructure$71 $74 $48 
Applied Water21 22 18 
Measurement & Control Solutions77 79 90 
Regional selling locations (b)23 25 22 
Corporate and other16 8 5 
Total$208 $208 $183 
(a)    Depreciation and amortization expense incurred by the Regional selling locations was included in an overall allocation of Regional selling location costs to the segments; however, a certain portion of that expense was not specifically identified to a segment. That expense is captured in this Regional selling location line.
(b)    Represents capital expenditures incurred by the Regional selling locations not allocated to the segments.
The following table illustrates revenue by product category, net of intercompany revenue:
Year Ended December 31,
(in millions)202220212020
Pumps, accessories, parts and service$3,728 $3,442 $3,120 
Other (a)1,794 1,753 1,756 
Total$5,522 $5,195 $4,876 
(a)Other includes treatment equipment, analytical instrumentation, heat exchangers, valves, controls and smart meters.
The following table contains the total assets for each reportable segment as of December 31, 2022, 2021 and 2020:
 Total Assets
(in millions)202220212020
Water Infrastructure$1,302 $1,289 $1,255 
Applied Water1,132 1,093 1,005 
Measurement & Control Solutions3,126 3,198 3,345 
Regional selling locations (a)844 1,503 1,413 
Corporate and other (b)1,548 1,193 1,732 
Total$7,952 $8,276 $8,750 
(a)The Regional selling locations have assets that consist primarily of cash, accounts receivable and inventory which are not allocated to the segments.
(b)Corporate and other consists of items pertaining to our corporate headquarters function, which principally consist of cash and pension assets.
Geographical Information
Revenue is attributed to countries based upon the location of the customer. Property, Plant & Equipment is attributed to countries based upon the location of the assets:
 Revenue
Year Ended December 31,
(in millions)202220212020
United States
$2,573 $2,280 $2,297 
Western Europe
1,411 1,414 1,259 
Emerging Markets
1,074 1,066 919 
Other
464 435 401 
Total$5,522 $5,195 $4,876 
 Property, Plant & Equipment
December 31,
(in millions)202220212020
United States$239 $251 $253 
Western Europe227 231 235 
Emerging Markets 133 132 139 
Other31 30 30 
Total$630 $644 $657