REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

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 12 to the Consolidated Condensed Financial Statements.


	Three Months Ended June 30,				Six Months Ended June 30,
Millions of dollars	2023		2022		2023		2022
Major product categories:
Laundry	$	1,294	$	1,287	$	2,590	$	2,620
Refrigeration	1,478		1,733		2,850		3,261
Cooking	1,101		1,247		2,193		2,528
Dishwashing	445		465		876		915
Total major product category net sales	$	4,318	$	4,732	$	8,509	$	9,324
Spare parts and warranties	239		236		475		470
Other	235		129		457		223
Total net sales	$	4,792	$	5,097	$	9,441	$	10,017

Schedule of Allowance for Doubtful Financing Receivables

The following table summarizes our allowance for expected credit losses and bad debt by operating segment for the six months ended June 30, 2023:


Millions of dollars	December 31, 2022		Charged to Earnings		Write-offs		Foreign Currency		Other (1)		June 30, 2023
Accounts receivable allowance
North America	$	6	$	(1)	$	(1)	$	—	$	—	$	4
EMEA	2		—		—		1		(1)		2
Latin America	38		3		(2)		4		—		43
Asia	3		—		—		—		—		3
Consolidated	$	49	$	2	$	(3)	$	5	$	(1)	$	52
Financing receivable allowance
Latin America	$	27	$	—	$	—	$	2	$	—	$	29


Consolidated	$	76	$	2	$	(3)	$	7	$	(1)	$	81

(1) Starting from the fourth quarter of 2022, accounts receivable allowance of our European major domestic appliance business is transferred to assets held for sale. For additional information, see Note 13 to the Consolidated Condensed Financial Statements.