XML 40 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

REVENUE RECOGNITION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of 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 12 to the Consolidated Condensed Financial Statements.
| Three Months Ended March 31, |  |
Millions of dollars | 2023 |  | 2022 |  |  |  |
Major product categories: |  |  |  |  |  |  |
Laundry | $ | 1,295 |  |  | $ | 1,333 |  |  |  |  |
Refrigeration | 1,372 |  |  | 1,528 |  |  |  |  |
Cooking | 1,092 |  |  | 1,281 |  |  |  |  |
Dishwashing | 432 |  |  | 450 |  |  |  |  |
Total major product category net sales | $ | 4,191 |  |  | $ | 4,592 |  |  |  |  |
Spare parts and warranties | 236 |  |  | 234 |  |  |  |  |
Other | 222 |  |  | 94 |  |  |  |  |
Total net sales | $ | 4,649 |  |  | $ | 4,920 |  |  |  |  |
Schedule of Allowance for Doubtful Financing Receivables | The following table summarizes our allowance for expected credit losses and bad debt by operating segment for the three months ended March 31, 2023:
Millions of dollars | December 31, 2022 |  |  |  | Charged to Earnings | Write-offs | Foreign Currency | Other (1) | March 31, 2023
Accounts receivable allowance |  |  |  |  |  |  |  |  |
North America | $ | 6 |  |  |  |  | $ | (1) |  | $ | (1) |  | $ | — |  | $ | — |  | $ | 4 |
EMEA | 2 |  |  |  |  | — |  | — |  | 1 |  | (1) |  | 2 |
Latin America | 38 |  |  |  |  | 1 |  | (1) |  | 2 |  | — |  | 40 |
Asia | 3 |  |  |  |  | — |  | — |  | — |  | — |  | 3 |
Consolidated | $ | 49 |  |  |  |  | $ | — |  | $ | (2) |  | $ | 3 |  | $ | (1) |  | $ | 49 |
Financing receivable allowance |  |  |  |  |  |  |  |  |
Latin America | $ | 27 |  |  |  |  | $ | — |  | $ | — |  | $ | 1 |  | $ | — |  | $ | 28 |
Consolidated | $ | 76 |  |  |  |  | $ | — |  | $ | (2) |  | $ | 4 |  | $ | (1) |  | $ | 77 |
(1) Starting from the fourth quarter of 2022, accounts receivable allowance of our European major domestic appliance business is transferred to assets held for sale. For additional information, see Note 13 to the Consolidated Condensed Financial Statements.

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration