Revenue

6 Months Ended

Jun. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenue

10. Revenue

The following table disaggregates our consolidated revenue by major sales distribution channels for the twenty-six and thirteen weeks ended June 29, 2024 and July 1, 2023 :

(In millions)	Twenty-Six Weeks Ended June 29, 2024		Twenty-Six Weeks Ended July 1, 2023		Thirteen Weeks Ended June 29, 2024		Thirteen Weeks Ended July 1, 2023
Wholesalers(a)	$	1,136.7	$	966.2	$	603.1	$	505.7
Home Center retailers(b)		582.5		605.1		304.5		309.7
Other retailers(c)		217.6		191.7		122.6		96.2
Builder direct		-		0.5		-		-
U.S. net sales		1,936.8		1,763.5		1,030.2		911.6
International(d)		412.7		440.2		209.8		252.1
Net sales	$	2,349.5	$	2,203.7	$	1,240.0	$	1,163.7

(a)Represents sales to customers whose business is oriented towards builders, professional trade people and home remodelers, inclusive of sales through our customers’ respective internet website portals.

(b)Represents sales to the three largest “Do-It-Yourself” retailers: The Home Depot, Inc., Lowe's Companies, Inc. and Menards, Inc., inclusive of sales through their respective internet website portals.

(c)Represents sales principally to our mass merchant and standalone independent e-commerce customers.

(d)Represents sales in markets outside the United States, principally in China, Canada, Europe and Mexico.

As part of our contracts with customers, we recognize contract liabilities, principally deferred revenue. Deferred revenue liabilities represents advanced payments and billings in excess of revenue recognized. Deferred revenue liabilities of $26.7 million and $35.2 million as of June 29, 2024 and July 1, 2023, respectively, were included in Other current liabilities in our Consolidated Balance Sheet, and $11.1 million and zero as of June 29, 2024 and July 1, 2023, respectively, were included in Other noncurrent liabilities in our Consolidated Balance Sheet.