XML 25 R13.htm IDEA: XBRL DOCUMENT v3.22.4
REVENUE
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Our revenues are derived from sales to customers in North America and Internationally, principally Europe. Net sales from these geographic markets, by segment, were as follows, in millions:
Year Ended December 31, 2022
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic markets:
North America$3,550 $3,428 $6,978 
International, principally Europe1,702 — 1,702 
Total$5,252 $3,428 $8,680 
Year Ended December 31, 2021
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic markets:
North America$3,384 $3,240 $6,624 
International, principally Europe1,751 — 1,751 
Total$5,135 $3,240 $8,375 
D. REVENUE (Concluded)

Year Ended December 31, 2020
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic markets:
North America$2,753 $3,052 $5,805 
International, principally Europe1,383 — 1,383 
Total$4,136 $3,052 $7,188 
We recognized increases to revenue of $20 million, $9 million, and $7 million in 2022, 2021, and 2020, respectively, for variable consideration related to performance obligations settled in previous periods.
We record contract assets for items for which we have satisfied our performance obligation but our receipt of payment is contingent upon delivery or other circumstances other than the passage of time. Our contract assets are recorded in prepaid expenses and other in our consolidated balance sheets. Our contract assets generally become unconditional and are reclassified to receivables in the quarter subsequent to each balance sheet date. Our contract asset balance was $1 million at both December 31, 2022 and 2021.
We record contract liabilities primarily for deferred revenue. Our contract liabilities are recorded in accrued liabilities in our consolidated balance sheets. Our contract liabilities are generally recognized to net sales in the immediately subsequent reporting period. Our contract liability balance was $61 million and $67 million at December 31, 2022 and 2021, respectively.
Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions:
Year Ended December 31,
20222021
Balance at January 1 $6 $7 
Provision for expected credit losses during the period5 1 
Write-offs charged against the allowance(4)(2)
Recoveries of amounts previously written off1 1 
Other (A)
— (1)
Balance at end of year$8 $6 
______________________________
(A)As a result of Hüppe being divested in May 2021, $1 million for the year ended December 31, 2021 was removed from allowance for credit losses.