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REVENUE RECOGNITION | 9 Months Ended
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Sep. 30, 2023
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 12 to the Consolidated Condensed Financial Statements.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Millions of dollars | 2023 |  | 2022 |  | 2023 |  | 2022
Major product categories: |  |  |  |  |  |  |
Laundry | $ | 1,360 |  |  | $ | 1,187 |  |  | $ | 3,949 |  |  | $ | 3,807 |
Refrigeration | 1,484 |  |  | 1,560 |  |  | 4,334 |  |  | 4,821 |
Cooking | 1,199 |  |  | 1,234 |  |  | 3,392 |  |  | 3,762 |
Dishwashing | 423 |  |  | 469 |  |  | 1,300 |  |  | 1,384 |
Total major product category net sales | $ | 4,466 |  |  | $ | 4,450 |  |  | $ | 12,975 |  |  | $ | 13,774 |
Spare parts and warranties | 243 |  |  | 225 |  |  | 718 |  |  | 695 |
Other | 217 |  |  | 109 |  |  | 674 |  |  | 332 |
Total net sales | $ | 4,926 |  |  | $ | 4,784 |  |  | $ | 14,367 |  |  | $ | 14,801 |
Other revenue sources include primarily the revenues from the InSinkErator business, subscription arrangements and licenses. The impact to revenue related to prior period performance obligations is less than 1% of global consolidated revenues for the three and nine months ended September 30, 2023. 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 following table summarizes our allowance for expected credit losses and bad debt by operating segment for the nine months ended September 30, 2023:
Millions of dollars | December 31, 2022 |  |  |  | Charged to Earnings | Write-offs | Foreign Currency | Other (1) | September 30, 2023
Accounts receivable allowance |  |  |  |  |  |  |  |  |
North America | $ | 6 |  |  |  |  | $ | (1) |  | $ | (1) |  | $ | — |  | $ | — |  | $ | 4 |
EMEA | 2 |  |  |  |  | (2) |  | (2) |  | (1) |  | 5 |  | 2 |
Latin America | 38 |  |  |  |  | 3 |  | (3) |  | 3 |  | — |  | 41 |
Asia | 3 |  |  |  |  | (1) |  | — |  | — |  | — |  | 2 |
Consolidated | $ | 49 |  |  |  |  | $ | (1) |  | $ | (6) |  | $ | 2 |  | $ | 5 |  | $ | 49 |
Financing receivable allowance |  |  |  |  |  |  |  |  |
Latin America | $ | 27 |  |  |  |  | $ | — |  | $ | — |  | $ | 1 |  | $ | — |  | $ | 28 |
Consolidated | $ | 76 |  |  |  |  | $ | (1) |  | $ | (6) |  | $ | 3 |  | $ | 5 |  | $ | 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. We recorded an immaterial amount of bad debt expense for the periods ended September 30, 2023 and December 31, 2022, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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