Revenue (Tables)

9 Months Ended

Sep. 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				Nine months ended
In millions	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
U.S.	$	687.6	$	696.6	$	2,166.4	$	2,170.0
Western Europe	117.0		114.7		375.8		362.0
Developing (1)	129.9		142.8		391.9		406.4
Other Developed (2)	58.9		54.7		175.8		181.5
Consolidated net sales	$	993.4	$	1,008.8	$	3,109.9	$	3,119.9
(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				Nine months ended
In millions	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Residential	$	519.5	$	513.1	$	1,644.1	$	1,615.5
Commercial	282.7		295.2		864.9		913.3
Industrial	191.2		200.5		600.9		591.1
Consolidated net sales	$	993.4	$	1,008.8	$	3,109.9	$	3,119.9

Contract with Customer, Asset and Liability

Contract assets and liabilities

Contract assets and liabilities consisted of the following:

In millions	September 30, 2024		December 31, 2023		$ Change		% Change
Contract assets	$	53.5	$	70.8	$	(17.3)	(24.4)	%
Contract liabilities	40.4		53.7		(13.3)		(24.8)	%
Net contract assets	$	13.1	$	17.1	$	(4.0)	(23.4)	%