XML 22 R12.htm IDEA: XBRL DOCUMENT v3.24.3
REVENUE
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE
D. REVENUE

Our revenues are derived from sales to customers in the following geographic areas: North America and International, which are particularly in Europe. Net sales from these geographic areas, by segment, were as follows, in millions:
Three Months Ended September 30, 2024
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic areas:
North America$831 $764 $1,595 
International388 — 388 
Total$1,219 $764 $1,983 
Nine Months Ended September 30, 2024
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic areas:
North America$2,480 $2,336 $4,815 
International1,185 — 1,185 
Total$3,665 $2,336 $6,000 
Three Months Ended September 30, 2023
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic areas:
North America$814 $788 $1,602 
International377 — 377 
Total$1,191 $788 $1,979 
Nine Months Ended September 30, 2023
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic areas:
North America$2,428 $2,447 $4,875 
International1,210 — 1,210 
Total$3,638 $2,447 $6,085 
We recognized $1 million and $8 million of revenue for the three months ended September 30, 2024 and 2023, respectively, related to performance obligations settled in previous quarters of the same year. We recognized $7 million and $8 million of revenue for the three and nine months ended September 30, 2024, respectively, and $6 million and $11 million of revenue for the three and nine months ended September 30, 2023, respectively, related to performance obligations settled in previous years.
Our contract asset balance was $2 million and $3 million at September 30, 2024 and December 31, 2023, respectively. Our contract liability balance was $15 million and $45 million at September 30, 2024 and December 31, 2023, respectively.
D. REVENUE (Concluded)
Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions:
Nine Months Ended September 30, 2024Twelve Months Ended December 31, 2023
Balance at January 1 $11 $8 
Provision for expected credit losses during the period2 7 
Write-offs charged against the allowance(5)(6)
Recoveries of amounts previously written off1 1 
Balance at end of period$10 $11