Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Geographic net sales information, based on geographic destination of the sale, was as follows:

	Three months ended
In millions	March 31, 2024		March 31, 2023
U.S.	$	705.2	$	715.8
Western Europe	131.6		127.8
Developing (1)	122.7		121.1
Other Developed (2)	57.7		63.9
Consolidated net sales	$	1,017.2	$	1,028.6
(1) Developing includes China, Eastern Europe, Latin America, the Middle East and Southeast Asia.
(2) Other Developed includes Australia, Canada and Japan.

Vertical market net sales information was as follows:

	Three months ended
In millions	March 31, 2024		March 31, 2023
Residential	$	543.2	$	566.4
Commercial	273.6		273.3
Industrial	200.4		188.9
Consolidated net sales	$	1,017.2	$	1,028.6

Contract with Customer, Asset and Liability

Contract assets and liabilities

Contract assets and liabilities consisted of the following:

In millions	March 31, 2024		December 31, 2023		$ Change		% Change
Contract assets	$	69.9	$	70.8	$	(0.9)	(1.3)	%
Contract liabilities	46.8		53.7		(6.9)		(12.8)	%
Net contract assets	$	23.1	$	17.1	$	6.0	35.1	%