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Segment and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Financial information for each reportable segment

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)			2022						2021						2020
Revenue:
Water Infrastructure			$	2,364					$	2,247					$	2,079
Applied Water			1,767						1,613						1,434
Measurement & Control Solutions			1,391						1,335						1,363
Total			$	5,522					$	5,195					$	4,876
Operating income:
Water Infrastructure			$	418					$	387					$	318
Applied Water			258						240						205
Measurement & Control Solutions			2						12						(106)
Corporate and other			(56)						(54)						(50)
Total operating income			622						585						367
Interest expense			50						76						77
U.K. pension settlement expense			140						—						—
Other non-operating (expense) income, net			7						—						(5)
Gain on sale of businesses			1						2						—
Income before taxes			$	440					$	511					$	285
Depreciation and amortization:
Water Infrastructure			$	53					$	51					$	57
Applied Water			19						22						24
Measurement & Control Solutions			137						145						142
Regional selling locations (a)			19						20						20
Corporate and other			8						7						8
Total			$	236					$	245					$	251
Capital expenditures:
Water Infrastructure			$	71					$	74					$	48
Applied Water			21						22						18
Measurement & Control Solutions			77						79						90
Regional selling locations (b)			23						25						22
Corporate and other			16						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.

Revenue by product category

The following table illustrates revenue by product category, net of intercompany revenue:

			Year Ended December 31,
(in millions)			2022						2021						2020
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.

Total assets for each reportable segment

The following table contains the total assets for each reportable segment as of December 31, 2022, 2021 and 2020:

			Total Assets
(in millions)			2022						2021						2020
Water Infrastructure			$	1,302					$	1,289					$	1,255
Applied Water			1,132						1,093						1,005
Measurement & Control Solutions			3,126						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.

Revenues and Property, Plant and Equipment by geographic location

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)			2022						2021						2020
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)			2022						2021						2020
United States			$	239					$	251					$	253
Western Europe			227						231						235
Emerging Markets			133						132						139
Other			31						30						30
Total			$	630					$	644					$	657

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Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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