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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION
P. SEGMENT INFORMATION

Our reportable segments are as follows:
Plumbing Products –  principally includes faucets, plumbing system components and valves, showerheads and handheld showers, bath hardware and accessories, bath units, tubs and shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, toilets, spas, exercise pools, aquatic fitness systems, saunas and water handling systems.
Decorative Architectural Products –  principally includes paints and other coating products, paint applicators and accessories, lighting fixtures, ceiling fans, landscape lighting and LED lighting systems, and cabinet and other hardware.
The above products are sold to the residential repair and remodel and to a lesser extent the new home construction markets through home center retailers, online retailers, wholesalers and distributors, mass merchandisers, hardware stores, direct to the consumer and homebuilders.
Our operations are principally located in North America and Europe. Our country of domicile is the United States of America.
Other than those assets specifically identified within a segment, corporate assets consist primarily of property and equipment, right-of-use assets, deferred tax assets, cash and cash investments and other investments.
Our segments are based upon similarities in products and represent the aggregation of operating units, for which financial information is regularly evaluated by our corporate operating executive in determining resource allocation and assessing performance, and is periodically reviewed by the Board of Directors. Accounting policies for the segments are the same as those for us. We primarily evaluate performance based upon operating profit and, other than general corporate expense, allocate specific corporate overhead to each segment.
P. SEGMENT INFORMATION (Concluded)

Information by segment and geographic area was as follows, in millions:
Year Ended December 31,At December 31,
 
Net Sales
(A)(B)(C)(D)
Operating Profit
(E)
Assets
(F)
 202320222021202320222021202320222021
Our operations by segment were:        
Plumbing Products$4,842 $5,252 $5,135 $861 $819 $929 $3,140 $3,096 $3,195 
Decorative Architectural Products3,125 3,428 3,240 578 565 581 1,696 1,780 1,781 
Total$7,967 $8,680 $8,375 $1,439 $1,384 $1,510 $4,837 $4,876 $4,976 
Our operations by geographic area were:
North America$6,384 $6,978 $6,624 $1,210 $1,116 $1,214 $3,538 $3,552 $3,510 
International, particularly Europe1,583 1,702 1,751 229 268 296 1,299 1,324 1,466 
Total, as above$7,967 $8,680 $8,375 1,439 1,384 1,510 4,837 4,876 4,976 
General corporate expense, net (E)
(91)(87)(105)
Operating profit1,348 1,297 1,405 
Other income (expense), net(110)(104)(717)
Income before income taxes$1,238 $1,193 $688 
Corporate assets527 311 599 
Total assets   $5,363 $5,187 $5,575 

Year Ended December 31,
 
Property Additions (G)
Depreciation and Amortization
 202320222021202320222021
Our operations by segment were:
Plumbing Products$161 $154 $94 $107 $103 $101 
Decorative Architectural Products76 64 31 35 34 37 
237 218 125 142 137 138 
Unallocated amounts, principally related to corporate assets6 6 3 7 8 13 
Total$243 $224 $128 $149 $145 $151 
(A)Included in net sales were export sales from the U.S. of $253 million, $337 million and $322 million in 2023, 2022 and 2021, respectively.
(B)Excluded from net sales were intra-company sales between segments of less than one percent in 2023, 2022 and 2021.
(C)Included in net sales were sales to one customer of $3,070 million, $3,298 million and $3,037 million in 2023, 2022 and 2021, respectively. Such net sales were included in each of our segments.
(D)Net sales from our operations in the U.S. were $6,140 million, $6,756 million and $6,387 million in 2023, 2022 and 2021, respectively.
(E)General corporate expense, net included those expenses not specifically attributable to our segments.
(F)Long-lived assets of our operations in the U.S. and Europe were $1,459 million and $677 million, $1,372 million and $548 million, and $1,332 million and $546 million at December 31, 2023, 2022 and 2021, respectively.
(G)Property additions exclude amounts paid for long-lived assets as part of acquisitions.