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Operating Segment Information
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Operating Segment Information
OPERATING SEGMENT INFORMATION
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance.
We identify such segments based upon geographical regions of operations because each operating segment manufactures home appliances and related components, but serves strategically different markets. The chief operating decision maker evaluates performance based upon each segment’s operating income, which is defined as income before interest and sundry income (expense), interest expense, income taxes, noncontrolling interests, intangible asset impairment and restructuring costs. Total assets by segment are those assets directly associated with the respective operating activities. The “Other/Eliminations” column primarily includes corporate expenses, assets and eliminations, as well as restructuring costs and intangible asset impairments, if any. Intersegment sales are eliminated within each region except compressor sales out of Latin America, which are included in Other/Eliminations.
The tables below summarize performance by operating segment for the periods presented:
 
 
Three Months Ended June 30,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
$
2,591

 
$
1,222

 
$
731

 
$
246

 
$
(42
)
 
$
4,748

2012
 
2,465

 
1,154

 
691

 
241

 
(41
)
 
4,510

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
60

 
44

 
19

 
64

 
(187
)
 

2012
 
67

 
44

 
32

 
62

 
(205
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
64

 
23

 
22

 
5

 
12

 
126

2012
 
63

 
25

 
26

 
5

 
27

 
146

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
262

 
135

 
(6
)
 
14

 
(77
)
 
328

2012
 
235

 
103

 
(27
)
 
14

 
(131
)
 
194

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2013
 
7,913

 
3,874

 
2,756

 
853

 
(122
)
 
15,274

December 31, 2012
 
7,766

 
3,845

 
2,956

 
802

 
27

 
15,396

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
42

 
26

 
15

 
5

 
18

 
106

2012
 
49

 
17

 
17

 
6

 
6

 
95


 
 
Six Months Ended June 30,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
$
4,826


$
2,419


$
1,399


$
433


$
(81
)
 
$
8,996

2012
 
4,704


2,413


1,378


443


(80
)
 
8,858

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
132


85


37


117


(371
)
 

2012
 
127


86


73


114


(400
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
122


48


47


9


29

 
255

2012
 
130


50


50


10


57

 
297

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
480


265


(14
)

17


(166
)
 
582

2012
 
386


224


(23
)

23


(212
)
 
398

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2013
 
7,913

 
3,874

 
2,756

 
853

 
(122
)
 
15,274

December 31, 2012
 
7,766

 
3,845

 
2,956

 
802

 
27

 
15,396

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
76


42


28


8


26

 
180

2012
 
97


35


28


13


14

 
187