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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION
O. SEGMENT INFORMATION

Our reportable segments are as follows:
Plumbing Products – principally includes faucets, plumbing system components and valves, showerheads and handheld showers, bath hardware and accessories, bathing units, tubs and shower bases and enclosures, shower drains, steam shower systems, water filtration systems, sinks, kitchen accessories, spas, exercise pools, aquatic fitness systems, and saunas.
Decorative Architectural Products – principally includes paints and other coating products, paint applicators and accessories, cabinet and other hardware and, until the divestiture of Kichler in the third quarter of 2024, lighting fixtures, ceiling fans, landscape lighting and LED lighting systems.
The above products are sold to the residential repair and remodel and to a lesser extent the new home construction markets through home center retailers, online retailers, wholesalers and distributors, mass merchandisers, hardware stores, direct to the consumer and homebuilders.
Our operations are principally located in North America and Europe. Our country of domicile is the United States of America.
Other than those assets specifically identified within a segment, corporate assets consist primarily of property and equipment, ROU assets, deferred tax assets, cash and cash investments and other investments. Our accounting policies are consistently applied by our segments.
Our segments are based upon similarities in products and represent the aggregation of operating units for which financial information is regularly provided to our Chief Operating Decision Maker ("CODM"), who is our President and Chief Executive Officer. Our CODM uses segment net sales and operating profit in assessing segment performance and deciding how to allocate resources by comparing budget to actual results and assessing year-over-year variances.
O. SEGMENT INFORMATION (Continued)
Information by segment was as follows, in millions:
 Year Ended December 31, 2024
 
Plumbing Products
Decorative Architectural Products
Total
Net sales (A) (B) (C)
$4,853 $2,975 $7,828 
Operating expenses (D)
3,896 2,395 
Impairment charges for goodwill and other intangible assets— — 
Corporate expenses (E)
46 31 
Segment operating profit
$911 $549 $1,460 
General corporate expense, net (E)
(97)
Operating profit1,363 
Other income (expense), net(202)
Income before income taxes$1,161 
 Year Ended December 31, 2023
 
Plumbing Products
Decorative Architectural Products
Total
Net sales (A) (B) (C)
$4,842 $3,125 $7,967 
Operating expenses (D)
3,934 2,506 
Impairment charges for goodwill and other intangible assets— 15 
Corporate expenses (E)
47 25 
Segment operating profit
$861 $578 $1,439 
General corporate expense, net (E)
(91)
Operating profit1,348 
Other income (expense), net(110)
Income before income taxes$1,238 
 Year Ended December 31, 2022
 
Plumbing Products
Decorative Architectural Products
Total
Net sales (A) (B) (C)
$5,252 $3,428 $8,680 
Operating expenses (D)
4,395 2,825 
Impairment charges for goodwill and other intangible assets— 26 
Corporate expenses (E)
38 12 
Segment operating profit
$819 $565 $1,384 
General corporate expense, net (E)
(87)
Operating profit1,297 
Other income (expense), net(104)
Income before income taxes$1,193 
O. SEGMENT INFORMATION (Concluded)
 
Property Additions (F)
Depreciation and Amortization
Assets (G)
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
 202420232022202420232022202420232022
Plumbing Products$122 $161 $154 $108 $107 $103 $3,131 $3,140 $3,096 
Decorative Architectural Products44 76 64 35 35 34 1,435 1,696 1,780 
Corporate
2 6 6 7 7 8 450 527 311 
Total$168 $243 $224 $150 $149 $145 $5,016 $5,363 $5,187 
(A)Intra-company sales between segments were not material and have been excluded from net sales.
(B)Included in net sales were sales to one customer of $3,010 million, $3,070 million and $3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments.
(C)Net sales from our operations in the U.S. were $5,996 million, $6,140 million and $6,756 million in 2024, 2023 and 2022, respectively.
(D)Operating expenses included cost of sales and selling, general and administrative expenses.
(E)Corporate expenses included specific corporate overhead allocated to each segment. General corporate expense, net included those expenses not specifically attributable to our segments.
(F)Property additions exclude amounts paid for long-lived assets as part of acquisitions.
(G)Long-lived assets of our operations in the U.S. and Europe were $1,323 million and $638 million, $1,459 million and $677 million, and $1,372 million and $548 million at December 31, 2024, 2023 and 2022, respectively.