REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of 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 March 31,
Millions of dollars	2024		2023
Major product categories:
Laundry	$	1,264	$	1,295
Refrigeration	1,254		1,372
Cooking	1,063		1,092
Dishwashing	428		432
Total major product category net sales	$	4,009	$	4,191
Spare parts and warranties	239		236
Other	242		222
Total net sales	$	4,490	$	4,649

Schedule of Allowance for Doubtful Financing Receivables

The following table summarizes our allowance for expected credit losses and bad debt expense by operating segment for the three months ended March 31, 2024:

Millions of dollars	December 31, 2023 (1)		Charged to Earnings		Write-offs		Foreign Currency		March 31, 2024
Accounts receivable allowance
MDA North America	$	4	$	—	$	—	$	—	$	4
MDA Latin America	38		2		(1)		1		40
MDA Asia	3		—		—		—		3
SDA Global	2		—		—		—		2
Consolidated	$	47	$	2	$	(1)	$	1	$	49
Financing receivable allowance
MDA Latin America	$	29	$	—	$	—	$	(1)	$	28
Consolidated	$	76	$	2	$	(1)	$	—	$	77

(1) Effective January 1, 2024, we reorganized our operating segment structure. All prior period amounts have been reclassified to conform with current period presentation. For additional information, see Note 13 to the Consolidated Condensed Financial Statements.