v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
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 endedSix months ended
In millionsJune 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
U.S.$624.6 $807.4 $1,355.5 $1,532.1 
Western Europe121.3 122.5 251.1 245.1 
Developing (1)
121.7 136.0 230.2 245.2 
Other Developed (2)
65.0 57.2 132.5 111.1 
Consolidated net sales$932.6 $1,123.1 $1,969.3 $2,133.5 
(1) Developing primarily includes China, Latin America, the Middle East and Southeast Asia.
(2) Other Developed primarily includes Australia and Canada.
Vertical market net sales information was as follows:
Three months endedSix months ended
In millionsJune 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
Residential$425.8 $647.3 $992.2 $1,227.7 
Commercial306.8 280.0 581.4 524.2 
Industrial200.0 195.8 395.7 381.6 
Consolidated net sales$932.6 $1,123.1 $1,969.3 $2,133.5 
Contract with Customer, Asset and Liability
Contract assets and liabilities
Contract assets and liabilities consisted of the following:
In millionsJune 30,
2026
December 31,
2025
$ Change% Change
Contract assets$59.7 $53.9 $5.8 10.8 %
Contract liabilities36.8 42.8 (6.0)(14.0)%
Net contract assets$22.9 $11.1 $11.8 106.3 %