Revenue (Tables)

6 Months Ended

Jun. 30, 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				Six months ended
In millions	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
U.S.	$	773.6	$	757.6	$	1,478.8	$	1,473.4
Western Europe	127.2		119.5		258.8		247.3
Developing (1)	139.3		142.5		262.0		263.6
Other Developed (2)	59.2		62.9		116.9		126.8
Consolidated net sales	$	1,099.3	$	1,082.5	$	2,116.5	$	2,111.1
(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				Six months ended
In millions	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Residential	$	581.4	$	536.0	$	1,124.6	$	1,102.4
Commercial	308.6		344.8		582.2		618.1
Industrial	209.3		201.7		409.7		390.6
Consolidated net sales	$	1,099.3	$	1,082.5	$	2,116.5	$	2,111.1

Contract with Customer, Asset and Liability

Contract assets and liabilities

Contract assets and liabilities consisted of the following:

In millions	June 30, 2024		December 31, 2023		$ Change		% Change
Contract assets	$	61.9	$	70.8	$	(8.9)	(12.6)	%
Contract liabilities	35.8		53.7		(17.9)		(33.3)	%
Net contract assets	$	26.1	$	17.1	$	9.0	52.6	%