Business Segments (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of Financial Information of Company's Reportable Segments

The following table presents financial information for each of the Company’s reportable segments as of and for the year ended December 31 (in millions):

	United States			Canada		International			Total
2023
Revenue	$	1,749		$	282	$	290		$	2,321
Operating profit		104			21		15			140
Depreciation and amortization		23			2		1			26
Property, plant and equipment, net		106			12		13			131
Total assets		1,192			177		160			1,529
2022
Revenue	$	1,591		$	315	$	230		$	2,136
Operating profit (loss)		103			30		(2	)		131
Impairment and other charges		—			—		10			10
Depreciation and amortization		16			2		1			19
Property, plant and equipment, net		95			11		13			119
Total assets		991			179		150			1,320
2021
Revenue	$	1,163		$	249	$	220		$	1,632
Operating profit (loss)		(8	)		17		—			9
Impairment and other charges		6			1		—			7
Depreciation and amortization		20			2		1			23
Property, plant and equipment, net		86			11		14			111
Total assets		787			168		149			1,104

Schedule of Comparison of Approximate Sales Mix in Principal Product Categories

The following table presents a comparison of the approximate sales mix in the principal product categories (in millions):

	Year Ended December 31,
	2023		2022		2021
Product Category
Pumps, production and drilling	$	639	$	531	$	423
Pipe		422		432		277
Valves		437		409		317
Fittings and flanges		433		389		285
Mill tool, MRO, safety and other		390		375		330
Total	$	2,321	$	2,136	$	1,632