Revenue Recognition

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

REVENUE RECOGNITION

Disaggregation of Revenue

The following table presents our disaggregated revenues by revenue source. We sell products within all product categories in each operating segment. For additional information on the disaggregated revenues by geographic regions, see Note 14 to the Consolidated Condensed Financial Statements.

	Three Months Ended June 30,				Six Months Ended June 30,
Millions of dollars	2021		2020		2021		2020
Major product categories:
Laundry	$	1,380	$	1,071	$	2,949	$	2,401
Refrigeration	1,627		1,305		3,254		2,667
Cooking	1,502		909		2,749		1,852
Dishwashing	409		439		924		810
Total major product category net sales	$	4,918	$	3,725	$	9,876	$	7,731
Spare parts and warranties	292		206		558		434
Other	114		111		248		201
Total net sales	$	5,324	$	4,042	$	10,682	$	8,367

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, 2021.

Allowance for Expected Credit Losses

We estimate our expected credit losses primarily by using an aging methodology and establish customer-specific reserves for higher risk trade customers. Our expected credit losses 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 by operating segment for the six months ended June 30, 2021.

Millions of dollars	December 31, 2020		Charged to Earnings		Write-offs		Foreign Currency		Other (1)		June 30, 2021
Accounts receivable allowance
North America	$	7	$	3	$	(3)	$	—	$	—	$	7
EMEA	67		1		(14)		(3)		—		51
Latin America	44		1		(2)		—		—		43
Asia	14		—				(1)		(11)		2
Consolidated	$	132	$	5	$	(19)	$	(4)	$	(11)	$	103
Financing receivable allowance
Latin America	$	27	$	—	$	—	$	1	$	—	$	28
Asia	21		—		—		—		(21)		—
	$	48	$	—	$	—	$	1	$	(21)	$	28
Consolidated	$	180	$	5	$	(19)	$	(3)	$	(32)	$	131

(1)Accounts receivable and financing receivable allowance of Whirlpool China which were previously classified under accounts receivable and noncurrent assets, respectively, have been removed as part of the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.