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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2025
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
In millions |  |  |  | March 31, 2025 | March 31, 2024
U.S. |  |  |  | $ | 724.7 |  | $ | 705.2 |
Western Europe |  |  |  | 122.6 |  | 131.6 |
Developing (1) |  |  |  | 109.2 |  | 122.7 |
Other Developed (2) |  |  |  | 53.9 |  | 57.7 |
Consolidated net sales |  |  |  | $ | 1,010.4 |  | $ | 1,017.2 |
(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
In millions |  |  |  | March 31, 2025 | March 31, 2024
Residential |  |  |  | $ | 580.4 |  | $ | 543.2 |
Commercial |  |  |  | 244.2 |  | 273.6 |
Industrial |  |  |  | 185.8 |  | 200.4 |
Consolidated net sales |  |  |  | $ | 1,010.4 |  | $ | 1,017.2 |
Contract with Customer, Asset and Liability | Contract assets and liabilities Contract assets and liabilities consisted of the following:
In millions | March 31, 2025 | December 31, 2024 |  | $ Change | % Change
Contract assets | $ | 48.1 |  | $ | 46.7 |  |  | $ | 1.4 |  | 3.0 | %
Contract liabilities | 49.2 |  | 38.8 |  |  | 10.4 |  | 26.8 | %
Net contract (liabilities) assets | $ | (1.1) |  | $ | 7.9 |  |  | $ | (9.0) |  | (113.9) | %

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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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