XML 42 R7.htm IDEA: XBRL DOCUMENT v3.25.1
REVENUE RECOGNITION
 3 Months Ended
Mar. 31, 2025
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 March 31,
Millions of dollars20252024
Major product categories:
Laundry$1,026 $1,264 
Refrigeration1,100 1,254 
Cooking839 1,063 
Dishwashing295 428 
Total major product category net sales $3,260 $4,009 
Spare parts and warranties137 239 
Other224 242 
Total net sales$3,621 $4,490 
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 months ended March 31, 2025.

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 three months ended March 31, 2025:
Millions of dollars
December 31, 2024
Charged to EarningsWrite-offsForeign CurrencyOther March 31, 2025
Accounts receivable allowance
MDA North America$8 $— $— $— $— $8 
MDA Latin America33 1 (1)1 — 34 
MDA Asia3 — — — — 3 
SDA Global2 — — — — 2 
Consolidated$46 $1 $(1)$1 $— $47 
Financing receivable allowance
MDA Latin America$23 $— $— $2 $— $25 
Consolidated$69 $1 $(1)$3 $— $72