Revenue

9 Months Ended

Sep. 30, 2022

Revenues [Abstract]

Revenue

REVENUE

Our revenues are derived primarily from sales to customers in North America and Internationally, principally Europe. Net sales from these geographic markets, by segment, were as follows, in millions:

	Three Months Ended September 30, 2022
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	912	$	880	$	1,792
International, principally Europe	412		—		412
Total	$	1,324	$	880	$	2,204

D. REVENUE, Concluded

	Nine Months Ended September 30, 2022
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	2,730	$	2,701	$	5,431
International, principally Europe	1,326		—		1,326
Total	$	4,056	$	2,701	$	6,757

	Three Months Ended September 30, 2021
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	878	$	875	$	1,753
International, principally Europe	451		—		451
Total	$	1,329	$	875	$	2,204

	Nine Months Ended September 30, 2021
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	2,553	$	2,446	$	4,999
International, principally Europe	1,354		—		1,354
Total	$	3,907	$	2,446	$	6,353

Our contract asset balance was $2 million and $1 million at September 30, 2022 and December 31, 2021, respectively. Our contract liability balance was $19 million and $67 million at September 30, 2022 and December 31, 2021, respectively.

We recognized $8 million of revenue for the three months ended September 30, 2022 and we reversed $1 million of revenue for the three months ended September 30, 2021 related to performance obligations settled in previous quarters of the same year. We recognized $5 million and $18 million of revenue for the three and nine months ended September 30, 2022, respectively, and $3 million and $7 million of revenue for the three and nine months ended September 30, 2021, respectively, related to performance obligations settled in previous years.

Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions: 

	Nine Months Ended September 30, 2022		Twelve Months Ended December 31, 2021
Balance at January 1	$	6	$	7
Provision for expected credit losses during the period	3		1
Write-offs charged against the allowance	(2)		(2)
Recoveries of amounts previously written off	1		1
Other (A)	—		(1)
Balance at end of period	$	8	$	6

(A)    As a result of Hüppe being divested in May 2021, $1 million for the year ended December 31, 2021 was removed from allowance for credit losses.