Revenues |
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| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenues | Note 3. Revenues The Company primarily earns revenue from the sale of Building Materials products and Building Envelope products. Revenue is disaggregated by product line, which the Company believes best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The following table disaggregates revenues by product line for each of the Company’s reportable segments:
Contract assets include estimated earnings in excess of billings on uncompleted construction contracts. The current portion of contract assets were $60 million, $25 million, $59 million, and $30 million as of June 30, 2026, December 31, 2025, June 30, 2025, and December 31, 2024, respectively, and are included within Prepaid expenses and other current assets on the condensed consolidated balance sheets. The noncurrent portion of contract assets were $10 million, $8 million, $19 million, and $8 million as of June 30, 2026, December 31, 2025, June 30, 2025, and December 31, 2024, respectively, and are included within Other noncurrent assets on the condensed consolidated balance sheets. Contract liabilities Contract liabilities relate to payments received in advance of performance under a contract, primarily related to extended service warranties in the Building Envelope segment. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. Contract liabilities were $488 million, $519 million, $462 million, and $477 million as of June 30, 2026, December 31, 2025, June 30, 2025, and December 31, 2024, respectively. The Company’s remaining performance obligations represent the transaction price allocated to performance obligations that are unsatisfied or partially satisfied, consisting of deferred revenue. The Company expects to recognize $55 million of the deferred revenue during the next twelve months, and the remaining $433 million thereafter.
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