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Revenue Recognition
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition REVENUE RECOGNITION
Disaggregation of Revenue
The following table presents our disaggregated revenues by revenue source. We sell products within all product categories in each operating segment. For additional information on the disaggregated revenues by geographic regions, see Note 14 to the Consolidated Condensed Financial Statements.
 
 
Three Months Ended March 31,
Millions of dollars
 
2020
 
2019
Major product categories:
 
 
 
 
Laundry
 
$
1,330

 
$
1,483

Refrigeration
 
1,362

 
1,363

Cooking
 
943

 
1,044

Dishwashing
 
371

 
364

Total major product category net sales
 
$
4,006

 
$
4,254

Compressors(1)
 
—

 
312

Spare parts and warranties
 
228

 
191

Other
 
90

 
3

Total net sales
 
$
4,325

 
$
4,760


(1) 
Change in compressors compared to the prior year is due to the divestiture of the Embraco compressor business.
The impact to revenue related to prior period performance obligations was not material for the three months ended March 31, 2020.

Allowance for Expected Credit Losses and Bad Debt Expense

We estimate our expected credit losses primarily by using an aging methodology and establish customer-specific reserves for higher risk trade customers. Our expected credit losses are evaluated and controlled within each geographic region considering the unique credit risk specific to the country, marketplace and economic environment. We take into account past events, current conditions and reasonable and supportable forecasts in developing the reserve. The adoption of the new credit loss standard did not have a material impact on the Consolidated Condensed Financial Statements as of March 31, 2020.
The following table summarizes our allowance for doubtful accounts by operating segment for the three months ended March 31, 2020.
Millions of dollars
December 31, 2019
Charged to Earnings
Write-offs
Foreign Currency
March 31, 2020
North America
$
4

$
1

$
—

$
—

$
5

EMEA
83

1

(9
)
(4
)
71

Latin America
33

6

—

(6
)
33

Asia
12

4

—

(1
)
15

Consolidated
$
132

$
12

$
(9
)
$
(11
)
$
124


We also have an allowance on certain financing receivables that are recorded in prepaid and other current assets and other noncurrent assets on our Consolidated Condensed Balance Sheets. The allowance at March 31, 2020 and December 31, 2019 was approximately $41 million and $48 million, respectively. The amount charged to earnings and write-offs for the three months ended March 31, 2020 was immaterial.