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REVENUE RECOGNITION | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
Millions of dollars | 2025 |  | 2024 |  | 2025 |  | 2024
Major product categories: |  |  |  |  |  |  |
Laundry | $ | 1,150 |  |  | $ | 1,131 |  |  | $ | 3,251 |  |  | $ | 3,482 |
Refrigeration | 1,251 |  |  | 1,297 |  |  | 3,575 |  |  | 3,850 |
Cooking | 973 |  |  | 921 |  |  | 2,632 |  |  | 2,891 |
Dishwashing | 310 |  |  | 282 |  |  | 877 |  |  | 983 |
Total major product category net sales | $ | 3,684 |  |  | $ | 3,631 |  |  | $ | 10,335 |  |  | $ | 11,206 |
Spare parts and warranties | 138 |  |  | 135 |  |  | 410 |  |  | 515 |
Other | 210 |  |  | 227 |  |  | 680 |  |  | 750 |
Total net sales | $ | 4,033 |  |  | $ | 3,993 |  |  | $ | 11,426 |  |  | $ | 12,471 |
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, 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 operating segment by 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 nine months ended September 30, 2025:
Millions of dollars | December 31, 2024 |  |  |  | Charged to Earnings | Write-offs | Foreign Currency | Other | September 30, 2025
Accounts receivable allowance |  |  |  |  |  |  |  |  |
MDA North America | $ | 8 |  |  |  |  | $ | 3 |  | $ | — |  | $ | — |  | $ | — |  | $ | 11 |
MDA Latin America | 33 |  |  |  |  | 2 |  | — |  | 4 |  | — |  | 39 |
MDA Asia | 3 |  |  |  |  | — |  | — |  | — |  | — |  | 3 |
SDA Global | 2 |  |  |  |  | — |  | — |  | — |  | — |  | 2 |
Consolidated | $ | 46 |  |  |  |  | $ | 5 |  | $ | — |  | $ | 4 |  | $ | — |  | $ | 55 |
Financing receivable allowance |  |  |  |  |  |  |  |  |
MDA Latin America | $ | 23 |  |  |  |  | $ | — |  | $ | — |  | $ | 4 |  | $ | — |  | $ | 27 |
Consolidated | $ | 69 |  |  |  |  | $ | 5 |  | $ | — |  | $ | 8 |  | $ | — |  | $ | 82 |

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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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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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