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v3.23.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | The following tables show a disaggregation of our Net sales by segment and geographic region (in millions). Corporate eliminations (shown below) largely reflect intercompany sales from Composites to Roofing. External customer sales are attributed to geographic region based upon the location from which the product is sold to the external customer.
| For the three months ended June 30, 2023
Reportable Segments | Composites | Insulation | Roofing | Eliminations | Consolidated
Disaggregation Categories |  |  |  |  |
U.S. residential | $ | 87 |  | $ | 324 |  | $ | 1,054 |  | $ | (83) |  | $ | 1,382 |
U.S. commercial and industrial | 237 |  | 223 |  | 40 |  | (2) |  | 498 |
Total United States | 324 |  | 547 |  | 1,094 |  | (85) |  | 1,880 |
Europe | 135 |  | 201 |  | 4 |  | — |  | 340 |
Asia-Pacific | 116 |  | 41 |  | 1 |  | — |  | 158 |
Rest of world | 45 |  | 116 |  | 24 |  | — |  | 185 |
NET SALES | $ | 620 |  | $ | 905 |  | $ | 1,123 |  | $ | (85) |  | $ | 2,563 |
| For the three months ended June 30, 2022
Reportable Segments | Composites | Insulation | Roofing | Eliminations | Consolidated
Disaggregation Categories |  |  |  |  |
U.S. residential | $ | 94 |  | $ | 374 |  | $ | 932 |  | $ | (69) |  | $ | 1,331 |
U.S. commercial and industrial | 225 |  | 202 |  | 44 |  | — |  | 471 |
Total United States | 319 |  | 576 |  | 976 |  | (69) |  | 1,802 |
Europe | 197 |  | 213 |  | 5 |  | (1) |  | 414 |
Asia-Pacific | 145 |  | 41 |  | 2 |  | — |  | 188 |
Rest of world | 58 |  | 104 |  | 35 |  | — |  | 197 |
NET SALES | $ | 719 |  | $ | 934 |  | $ | 1,018 |  | $ | (70) |  | $ | 2,601 |
| For the six months ended June 30, 2023
Reportable Segments | Composites | Insulation | Roofing | Eliminations | Consolidated
Disaggregation Categories |  |  |  |  |
U.S. residential | $ | 172 |  | $ | 694 |  | $ | 1,893 |  | $ | (148) |  | $ | 2,611 |
U.S. commercial and industrial | 455 |  | 429 |  | 64 |  | (4) |  | 944 |
Total United States | 627 |  | 1,123 |  | 1,957 |  | (152) |  | 3,555 |
Europe | 272 |  | 395 |  | 8 |  | (1) |  | 674 |
Asia-Pacific | 223 |  | 72 |  | 1 |  | — |  | 296 |
Rest of world | 83 |  | 234 |  | 52 |  | — |  | 369 |
NET SALES | $ | 1,205 |  | $ | 1,824 |  | $ | 2,018 |  | $ | (153) |  | $ | 4,894 |
| For the six months ended June 30, 2022
Reportable Segments | Composites | Insulation | Roofing | Eliminations | Consolidated
Disaggregation Categories |  |  |  |  |
U.S. residential | $ | 181 |  | $ | 725 |  | $ | 1,708 |  | $ | (129) |  | $ | 2,485 |
U.S. commercial and industrial | 435 |  | 381 |  | 71 |  | (3) |  | 884 |
Total United States | 616 |  | 1,106 |  | 1,779 |  | (132) |  | 3,369 |
Europe | 402 |  | 410 |  | 11 |  | (3) |  | 820 |
Asia-Pacific | 296 |  | 76 |  | 4 |  | — |  | 376 |
Rest of world | 119 |  | 201 |  | 62 |  | — |  | 382 |
NET SALES | $ | 1,433 |  | $ | 1,793 |  | $ | 1,856 |  | $ | (135) |  | $ | 4,947 |
Schedule of Earnings before Interest and Taxes | The following table summarizes EBIT by segment (in millions):
| Three Months Ended June 30, | Six Months Ended June 30,
| 2023 | 2022 | 2023 | 2022
Reportable Segments |  |  |  |
Composites | $ | 87 |  | $ | 154 |  | $ | 136 |  | $ | 308 |
Insulation | 163 |  | 157 |  | 319 |  | 286 |
Roofing | 338 |  | 258 |  | 547 |  | 434 |
Total reportable segments | 588 |  | 569 |  | 1,002 |  | 1,028 |
Restructuring costs | (47) |  | (11) |  | (65) |  | (17) |
Gain on sale of Shanghai, China facility | — |  | — |  | — |  | 27 |
Gain on sale of Santa Clara, California site | — |  | — |  | 189 |  | — |
Gains on sale of certain precious metals | — |  | 7 |  | 2 |  | 11 |
Acquisition-related costs | — |  | (3) |  | — |  | (3) |
Impairment loss on Chambery, France assets held for sale | — |  | (29) |  | — |  | (29) |
General corporate expense and other | (54) |  | (44) |  | (107) |  | (86) |
Total corporate, other and eliminations | (101) |  | (80) |  | 19 |  | (97) |
EBIT | $ | 487 |  | $ | 489 |  | $ | 1,021 |  | $ | 931 |

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