REVENUE

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE

B. REVENUE

Our revenues are derived 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 March 31, 2023
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	798	$	757	$	1,555
International, principally Europe	424		—		424
Total	$	1,222	$	757	$	1,979

	Three Months Ended March 31, 2022
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	892	$	842	$	1,734
International, principally Europe	467		—		467
Total	$	1,359	$	842	$	2,201

We recognized $1 million and $5 million of revenue for the three months ended March 31, 2023 and 2022, respectively, related to performance obligations settled in previous years.

B. REVENUE (Concluded)

Our contract asset balance was $2 million and $1 million at March 31, 2023 and December 31, 2022, respectively. Our contract liability balance was $24 million and $61 million at March 31, 2023 and December 31, 2022, respectively.

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

	Three Months Ended March 31, 2023		Twelve Months Ended December 31, 2022
Balance at January 1	$	8	$	6
Provision for expected credit losses during the period	—		5
Write-offs charged against the allowance	(1)		(4)
Recoveries of amounts previously written off	1		1
Balance at end of period	$	8	$	8