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REVENUE | 12 Months Ended
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Dec. 31, 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:
| Year Ended December 31, 2024
| Plumbing Products |  | Decorative Architectural Products |  | Total
Primary geographic areas: |  |  |  |  |
North America | $ | 3,289 |  |  | $ | 2,975 |  |  | $ | 6,264 |
International | 1,564 |  |  | — |  |  | 1,564 |
Total | $ | 4,853 |  |  | $ | 2,975 |  |  | $ | 7,828 |
| Year Ended December 31, 2023
| Plumbing Products |  | Decorative Architectural Products |  | Total
Primary geographic areas: |  |  |  |  |
North America | $ | 3,259 |  |  | $ | 3,125 |  |  | $ | 6,384 |
International | 1,583 |  |  | — |  |  | 1,583 |
Total | $ | 4,842 |  |  | $ | 3,125 |  |  | $ | 7,967 |
| Year Ended December 31, 2022
| Plumbing Products |  | Decorative Architectural Products |  | Total
Primary geographic areas: |  |  |  |  |
North America | $ | 3,550 |  |  | $ | 3,428 |  |  | $ | 6,978 |
International | 1,702 |  |  | — |  |  | 1,702 |
Total | $ | 5,252 |  |  | $ | 3,428 |  |  | $ | 8,680 |
We recognized increases t o revenue o f $10 million, $12 million, and $20 million in 2024, 2023, and 2022, 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 $2 million and $3 million at December 31, 2024 and 2023, respectively. 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 $45 million at both December 31, 2024 and 2023. D. REVENUE (Concluded) Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions:
| Year Ended December 31,
| 2024 |  | 2023
Balance at January 1 | $ | 11 |  |  | $ | 8 |
Provision for expected credit losses during the period | 4 |  |  | 7 |
Write-offs charged against the allowance | (6) |  |  | (6) |
Recoveries of amounts previously written off | 2 |  |  | 1 |
Balance at December 31 | $ | 10 |  |  | $ | 11 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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