XML 68 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1
Net Sales (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
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 
_______________
(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 
_______________
(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 with Customer, Asset and Liability
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 
_______________
(1) Included within "Prepaid and other current assets" on the consolidated balance sheets.