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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Information by Segment and Geographic Area | Information by segment and geographic area was as follows, in millions:
| Year Ended December 31, |  | At December 31,
| Net Sales (A)(B)(C)(D) |  | Operating Profit (E) |  | Assets (F)
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Our operations by segment were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 4,842 |  |  | $ | 5,252 |  |  | $ | 5,135 |  |  | $ | 861 |  |  | $ | 819 |  |  | $ | 929 |  |  | $ | 3,140 |  |  | $ | 3,096 |  |  | $ | 3,195 |
Decorative Architectural Products | 3,125 |  |  | 3,428 |  |  | 3,240 |  |  | 578 |  |  | 565 |  |  | 581 |  |  | 1,696 |  |  | 1,780 |  |  | 1,781 |
Total | $ | 7,967 |  |  | $ | 8,680 |  |  | $ | 8,375 |  |  | $ | 1,439 |  |  | $ | 1,384 |  |  | $ | 1,510 |  |  | $ | 4,837 |  |  | $ | 4,876 |  |  | $ | 4,976 |
Our operations by geographic area were: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 6,384 |  |  | $ | 6,978 |  |  | $ | 6,624 |  |  | $ | 1,210 |  |  | $ | 1,116 |  |  | $ | 1,214 |  |  | $ | 3,538 |  |  | $ | 3,552 |  |  | $ | 3,510 |
International, particularly Europe | 1,583 |  |  | 1,702 |  |  | 1,751 |  |  | 229 |  |  | 268 |  |  | 296 |  |  | 1,299 |  |  | 1,324 |  |  | 1,466 |
Total, as above | $ | 7,967 |  |  | $ | 8,680 |  |  | $ | 8,375 |  |  | 1,439 |  |  | 1,384 |  |  | 1,510 |  |  | 4,837 |  |  | 4,876 |  |  | 4,976 |
General corporate expense, net (E) |  |  |  |  |  |  | (91) |  |  | (87) |  |  | (105) |  |  |  |  |  |  |
Operating profit |  |  |  |  |  |  | 1,348 |  |  | 1,297 |  |  | 1,405 |  |  |  |  |  |  |
Other income (expense), net |  |  |  |  |  |  | (110) |  |  | (104) |  |  | (717) |  |  |  |  |  |  |
Income before income taxes |  |  |  |  |  |  | $ | 1,238 |  |  | $ | 1,193 |  |  | $ | 688 |  |  |  |  |  |  |
Corporate assets |  |  |  |  |  |  |  |  |  |  |  |  | 527 |  |  | 311 |  |  | 599 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,363 |  |  | $ | 5,187 |  |  | $ | 5,575 |
| Year Ended December 31,
| Property Additions (G) |  | Depreciation and Amortization
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Our operations by segment were: |  |  |  |  |  |  |  |  |  |  |
Plumbing Products | $ | 161 |  |  | $ | 154 |  |  | $ | 94 |  |  | $ | 107 |  |  | $ | 103 |  |  | $ | 101 |
Decorative Architectural Products | 76 |  |  | 64 |  |  | 31 |  |  | 35 |  |  | 34 |  |  | 37 |
| 237 |  |  | 218 |  |  | 125 |  |  | 142 |  |  | 137 |  |  | 138 |
Unallocated amounts, principally related to corporate assets | 6 |  |  | 6 |  |  | 3 |  |  | 7 |  |  | 8 |  |  | 13 |
Total | $ | 243 |  |  | $ | 224 |  |  | $ | 128 |  |  | $ | 149 |  |  | $ | 145 |  |  | $ | 151 |
(A)Included in net sales were export sales from the U.S. of $253 million, $337 million and $322 million in 2023, 2022 and 2021, respectively. (B)Excluded from net sales were intra-company sales between segments of less than one percent in 2023, 2022 and 2021. (C)Included in net sales were sales to one customer of $3,070 million, $3,298 million and $3,037 million in 2023, 2022 and 2021, respectively. Such net sales were included in each of our segments. (D)Net sales from our operations in the U.S. were $6,140 million, $6,756 million and $6,387 million in 2023, 2022 and 2021, respectively. (E)General corporate expense, net included those expenses not specifically attributable to our segments. (F)Long-lived assets of our operations in the U.S. and Europe were $1,459 million and $677 million, $1,372 million and $548 million, and $1,332 million and $546 million at December 31, 2023, 2022 and 2021, respectively. (G)Property additions exclude amounts paid for long-lived assets as part of acquisitions.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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