REVENUE

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE

C. REVENUE

Our revenues are derived from sales to customers in the following geographic areas: North America and International, which are particularly in Europe. Net sales from these geographic areas, by segment, were as follows, in millions:

	Three Months Ended March 31, 2024
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic areas:
North America	$	792	$	734	$	1,526
International	400		—		400
Total	$	1,192	$	734	$	1,926

	Three Months Ended March 31, 2023
	Plumbing Products		Decorative Architectural Products		Total
Primary geographic areas:
North America	$	798	$	757	$	1,555
International	424		—		424
Total	$	1,222	$	757	$	1,979

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

C. REVENUE (Concluded)

Our contract asset balance was $3 million at both March 31, 2024 and December 31, 2023. Our contract liability balance was $21 million and $45 million at March 31, 2024 and December 31, 2023, respectively.

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

	Three Months Ended March 31, 2024		Twelve Months Ended December 31, 2023
Balance at January 1	$	11	$	8
Provision for expected credit losses during the period	—		7
Write-offs charged against the allowance	(3)		(6)
Recoveries of amounts previously written off	1		1
Balance at end of period	$	9	$	11