XML 29 R8.htm IDEA: XBRL DOCUMENT v3.24.2
REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
The following table presents our disaggregated revenues by revenue source. For additional information on the disaggregated revenues by operating segment, see Note 13 to the Consolidated Condensed Financial Statements.
Three Months Ended June 30,
Six Months Ended June 30,
Millions of dollars2024202320242023
Major product categories:
Laundry$1,087 $1,294 $2,351 $2,590 
Refrigeration1,299 1,478 2,553 2,850 
Cooking907 1,101 1,969 2,193 
Dishwashing272 445 701 876 
Total major product category net sales $3,565 $4,318 $7,574 $8,509 
Spare parts and warranties141 239 380 475 
Other283 235 524 457 
Total net sales$3,989 $4,792 $8,478 $9,441 
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 six months ended June 30, 2024.

Allowance for Expected Credit Losses and Bad Debt Expense
We estimate our expected credit losses and bad debt expense primarily by using an aging methodology and establish customer-specific reserves for higher risk trade customers. Our expected credit losses and bad debt expense 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 expense by operating segment for the six months ended June 30, 2024:
Millions of dollars
December 31, 2023 (1)
Charged to EarningsWrite-offsForeign CurrencyJune 30, 2024
Accounts receivable allowance
MDA North America$4 $1 $— $— $5 
MDA Latin America38 3 — (3)38 
MDA Asia3 — — — 3 
SDA Global2 — — — 2 
Consolidated$47 $4 $— $(3)$48 
Financing receivable allowance
MDA Latin America$29 $— $— $(4)$25 
Consolidated$76 $4 $— $(7)$73 
(1) Effective January 1, 2024, we reorganized our operating segment structure. All prior period amounts have been reclassified to conform with current period presentation. For additional information, see Note 13 to the Consolidated Condensed Financial Statements.