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Net Sales
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Net Sales Net Sales
Disaggregation of Net sales
The following table presents our Net sales disaggregated by reportable segment and product line.
Years Ended December 31,
In millions202420232022
Performance Materials segment$609.6 $586.0 $548.5 
Road Technologies product line342.3 369.8 241.3 
Industrial Specialties product line (1)
265.9 532.3 633.8 
Performance Chemicals segment$608.2 $902.1 $875.1 
Advanced Polymer Technologies segment$188.6 $204.0 $244.7 
Net sales$1,406.4 $1,692.1 $1,668.3 
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(1) The reduction in the industrial specialties product line from 2023 to 2024 was due to the repositioning action taken to improve the Performance Chemicals reportable segment, refer to Note 15 for more information.
The following table presents our Net sales disaggregated by geography, based on the delivery address of our customer.
Years Ended December 31,
In millions202420232022
North America (1)
$820.9 $1,069.5 $983.2 
Asia Pacific (1)
346.0 364.0 398.7 
Europe, Middle East, and Africa187.0 215.5 242.2 
South America52.5 43.1 44.2 
Net sales$1,406.4 $1,692.1 $1,668.3 
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(1) Countries with Net sales in excess of 10 percent of consolidated Net sales for the years ended December 31, 2024, 2023, and 2022 are the U.S., which totaled $736.0 million, $972.1 million, and $897.1 million, respectively, and China, which totaled $184.3 million, $202.7 million, and $220.6 million, respectively.
Contract Balances
The contract assets primarily relate to our rights to consideration for products produced but not billed at the reporting date from contracts with certain customers. The contract assets are recognized as accounts receivables when we have an enforceable right to payment for performance completed to date and the customer has been billed. Contract liabilities represent obligations to transfer goods to a customer for which we have received consideration from our customer. For all periods presented, we had no contract liabilities.
The following table provides information about contract assets from contracts with certain customers.
Year Ended December 31,
In millions20242023
Contract asset at beginning of period$11.2 $6.4 
Additions15.3 18.1 
Reclassification to accounts receivable, billed to customers(20.0)(13.3)
Contract asset at end of period (1)
$6.5 $11.2 
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(1) Included within "Prepaid and other current assets" on the consolidated balance sheets.