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Revenue

9 Months Ended

Sep. 30, 2019

Revenues [Abstract]

Revenue

REVENUE

Our revenues are derived primarily from sales to customers in North America and Internationally, principally Europe. Net sales from these geographic markets, by segment, were as follows, in millions:

	Three Months Ended September 30, 2019
	Plumbing Products				Decorative Architectural Products				Cabinetry Products				Total
Primary geographic markets:
North America	$	664			$	710			$	231			$	1,605
International, principally Europe	342				—				—				342
Total	$	1,006			$	710			$	231			$	1,947

	Nine Months Ended September 30, 2019
	Plumbing Products				Decorative Architectural Products				Cabinetry Products				Total
Primary geographic markets:
North America	$	1,923			$	2,110			$	719			$	4,752
International, principally Europe	1,035				—				—				1,035
Total	$	2,958			$	2,110			$	719			$	5,787

	Three Months Ended September 30, 2018
	Plumbing Products				Decorative Architectural Products				Cabinetry Products				Total
Primary geographic markets:
North America	$	653			$	673			$	239			$	1,565
International, principally Europe	339				—				—				339
Total	$	992			$	673			$	239			$	1,904

	Nine Months Ended September 30, 2018
	Plumbing Products				Decorative Architectural Products				Cabinetry Products				Total
Primary geographic markets:
North America	$	1,905			$	2,024			$	724			$	4,653
International, principally Europe	1,090				—				—				1,090
Total	$	2,995			$	2,024			$	724			$	5,743

Our contract asset balance was $2 million at both September 30, 2019 and December 31, 2018. Our contract liability balance was $16 million and $39 million at September 30, 2019 and December 31, 2018, respectively.

We (reversed) recognized $(2) million and $2 million of revenue for the three-month periods ended September 30, 2019 and 2018, respectively, related to performance obligations settled in previous quarters of the same year. We recognized $1 million of revenue for the nine-month period ended September 30, 2019, and $1 million and $4 million of revenue for the three-month and nine-month periods ended September 30, 2018, respectively, related to performance obligations settled in previous years.

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- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-URI http://asc.fasb.org/topic&trid=2122369

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- References

No definition available.

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