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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.

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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

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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