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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Contract with Customer, Asset and Liability
Contract assets and liabilities consisted of the following:
December 31
In millions20252024$ Change% Change
Contract assets$53.9 $46.7 $7.2 15.4 %
Contract liabilities42.8 38.8 4.0 10.3 %
Net contract assets
$11.1 $7.9 $3.2 40.5 %
Disaggregation of Revenue
Geographic net sales information, based on geographic destination of the sale, was as follows:
Years ended December 31
In millions202520242023
U.S.$2,938.1 $2,833.6 $2,835.9 
Western Europe496.0 493.3 471.9 
Developing (1)
507.8 527.2 558.0 
Other Developed (2)
234.1 228.7 238.7 
Consolidated net sales (3)
$4,176.0 $4,082.8 $4,104.5 
(1) Developing primarily includes China, Latin America, the Middle East and Southeast Asia.
(2) Other Developed primarily includes Australia and Canada.
(3) Net sales in Ireland, for each of the years presented, were not material.
Vertical market net sales information was as follows:
Years ended December 31
In millions202520242023
Residential$2,389.1 $2,191.5 $2,134.0 
Commercial1,003.2 1,117.2 1,177.2 
Industrial783.7 774.1 793.3 
Consolidated net sales$4,176.0 $4,082.8 $4,104.5 
Allowance for Doubtful Accounts Activity
The following table summarizes the activity in the allowance for credit losses:
Years ended December 31
In millions202520242023
Beginning balance$9.1 $11.2 $10.8 
Bad debt (benefit) expense
(0.8)(0.2)0.7 
Acquisitions0.4 — — 
Write-offs, net of recoveries(2.0)(1.4)(0.7)
Other (1)
0.1 (0.5)0.4 
Ending balance$6.8 $9.1 $11.2 
(1) Other amounts are primarily the effects of changes in currency translations and the impact of allowance for credits.
Property, Plant and Equipment
Property, plant and equipment is stated at historical cost. We compute depreciation by the straight-line method based on the following estimated useful lives:
 Years
Land improvements
5 to 20
Buildings and leasehold improvements
5 to 50
Machinery and equipment
3 to 15
Capitalized software
3 to 10
Long-lived Assets by Geographic Areas
The following table presents geographic Property, plant and equipment, net by region as of December 31:
In millions20252024
U.S.$235.1 $225.0 
Western Europe83.2 76.0 
Developing (1)
48.9 48.2 
Other Developed (2)
9.6 9.6 
Consolidated (3)
$376.8 $358.8 
(1) Developing primarily includes China, Latin America and Southeast Asia.
(2) Other Developed primarily includes Australia.
(3) Property, plant and equipment, net in Ireland, for each of the years presented, were not material.