REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

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

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 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.