REVENUE

6 Months Ended

Jun. 30, 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 June 30, 2023
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	816	$	902	$	1,718
International, principally Europe	409		—		409
Total	$	1,225	$	902	$	2,127
	Six Months Ended June 30, 2023
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	1,614	$	1,659	$	3,273
International, principally Europe	833		—		833
Total	$	2,447	$	1,659	$	4,106

B. REVENUE (Concluded)

	Three Months Ended June 30, 2022
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	926	$	979	$	1,905
International, principally Europe	447		—		447
Total	$	1,373	$	979	$	2,352
	Six Months Ended June 30, 2022
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic markets:
North America	$	1,818	$	1,821	$	3,639
International, principally Europe	914		—		914
Total	$	2,732	$	1,821	$	4,553

We recognized $3 million and $8 million of revenue for the three months ended June 30, 2023 and 2022, respectively, related to performance obligations settled in previous quarters of the same year. We recognized $4 million and $5 million of revenue for the three and six months ended June 30, 2023, respectively, and $8 million and $13 million of revenue for the three and six months ended June 30, 2022, respectively, related to performance obligations settled in previous years.

Our contract asset balance was $2 million and $1 million at June 30, 2023 and December 31, 2022, respectively. Our contract liability balance was $17 million and $61 million at June 30, 2023 and December 31, 2022, respectively.

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

	Six Months Ended June 30, 2023		Twelve Months Ended December 31, 2022
Balance at January 1	$	8	$	6
Provision for expected credit losses during the period	2		5
Write-offs charged against the allowance	(2)		(4)
Recoveries of amounts previously written off	1		1
Balance at end of period	$	9	$	8