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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Geographic net sales information, based on geographic destination of the sale, was as follows:
| Three months ended |  | Six months ended
In millions | June 30, 2024 | June 30, 2023 |  | June 30, 2024 | June 30, 2023
U.S. | $ | 773.6 |  | $ | 757.6 |  |  | $ | 1,478.8 |  | $ | 1,473.4 |
Western Europe | 127.2 |  | 119.5 |  |  | 258.8 |  | 247.3 |
Developing (1) | 139.3 |  | 142.5 |  |  | 262.0 |  | 263.6 |
Other Developed (2) | 59.2 |  | 62.9 |  |  | 116.9 |  | 126.8 |
Consolidated net sales | $ | 1,099.3 |  | $ | 1,082.5 |  |  | $ | 2,116.5 |  | $ | 2,111.1 |
(1) Developing includes China, Eastern Europe, Latin America, the Middle East and Southeast Asia.
(2) Other Developed includes Australia, Canada and Japan.
Vertical market net sales information was as follows:
| Three months ended |  | Six months ended
In millions | June 30, 2024 | June 30, 2023 |  | June 30, 2024 | June 30, 2023
Residential | $ | 581.4 |  | $ | 536.0 |  |  | $ | 1,124.6 |  | $ | 1,102.4 |
Commercial | 308.6 |  | 344.8 |  |  | 582.2 |  | 618.1 |
Industrial | 209.3 |  | 201.7 |  |  | 409.7 |  | 390.6 |
Consolidated net sales | $ | 1,099.3 |  | $ | 1,082.5 |  |  | $ | 2,116.5 |  | $ | 2,111.1 |
Contract with Customer, Asset and Liability | Contract assets and liabilities Contract assets and liabilities consisted of the following:
In millions | June 30, 2024 | December 31, 2023 |  | $ Change | % Change
Contract assets | $ | 61.9 |  | $ | 70.8 |  |  | $ | (8.9) |  | (12.6) | %
Contract liabilities | 35.8 |  | 53.7 |  |  | (17.9) |  | (33.3) | %
Net contract assets | $ | 26.1 |  | $ | 17.1 |  |  | $ | 9.0 |  | 52.6 | %

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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