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Operating Segment Information
9 Months Ended
Sep. 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 September 30,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
$
2,627

 
$
1,128

 
$
778

 
$
197

 
$
(47
)
 
$
4,683

2012
 
2,424

 
1,206

 
702

 
201

 
(39
)
 
4,494

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
59

 
47

 
21

 
78

 
(205
)
 

2012
 
58

 
44

 
14

 
69

 
(185
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
67

 
21

 
25

 
5

 
24

 
142

2012
 
65

 
23

 
21

 
5

 
14

 
128

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
289

 
133

 

 
7

 
(116
)
 
313

2012
 
227

 
118

 
(36
)
 
7

 
(103
)
 
213

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
7,992

 
3,975

 
2,967

 
883

 
(157
)
 
15,660

December 31, 2012
 
7,766

 
3,845

 
2,956

 
802

 
27

 
15,396

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
63

 
28

 
19

 
5

 
22

 
137

2012
 
45

 
22

 
15

 
3

 
4

 
89


 
 
Nine Months Ended September 30,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
$
7,453


$
3,547


$
2,177


$
630


$
(128
)
 
$
13,679

2012
 
7,128


3,619


2,080


644


(119
)
 
13,352

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
191


132


58


195


(576
)
 

2012
 
185


130


87


183


(585
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
189


69


72


14


53

 
397

2012
 
195


73


71


15


71

 
425

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
769


398


(14
)

24


(282
)
 
895

2012
 
613


342


(59
)

30


(315
)
 
611

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
7,992

 
3,975

 
2,967

 
883

 
(157
)
 
15,660

December 31, 2012
 
7,766

 
3,845

 
2,956

 
802

 
27

 
15,396

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
139


70


47


13


48

 
317

2012
 
142


57


43


16


18

 
276