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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Other Comprehensive Income
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Millions of dollars
 
Pre-tax
Tax Effect
Net
 
Pre-tax
Tax Effect
Net
Currency translation adjustments
 
$
(198
)
$
—

$
(198
)
 
$
50

$
—

$
50

Cash flow hedges
 
11

(4
)
7

 
11

(5
)
6

Pension and other postretirement benefits plans
 
3

(2
)
1

 
17

(5
)
12

Available for sale securities
 
(6
)
—

(6
)
 
4

—

4

Other comprehensive income (loss)
 
(190
)
(6
)
(196
)
 
82

(10
)
72

Less: Other comprehensive income (loss) available to noncontrolling interests
 
(3
)
—

(3
)
 
2

—

2

Other comprehensive income (loss) available to Whirlpool
 
$
(187
)
$
(6
)
$
(193
)
 
$
80

$
(10
)
$
70


 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Millions of dollars
 
Pre-tax
Tax Effect
Net
 
Pre-tax
Tax Effect
Net
Currency translation adjustments
 
$
(164
)
$
—

$
(164
)
 
$
(70
)
$
—

$
(70
)
Cash flow hedges
 
21

(8
)
13

 
(9
)
2

(7
)
Pension and other postretirement benefits plans
 
(11
)
6

(5
)
 
32

(10
)
22

Available for sale securities
 
1

—

1

 
5

—

5

Other comprehensive income
 
(153
)
(2
)
(155
)
 
(42
)
(8
)
(50
)
Less: Other comprehensive income available to noncontrolling interests
 
(2
)
—

(2
)
 
(1
)
—

(1
)
Other comprehensive income available to Whirlpool
 
$
(151
)
$
(2
)
$
(153
)
 
$
(41
)
$
(8
)
$
(49
)
Reclassifications Out of Accumulated Other Comprehensive Income
The following table provides the reclassification adjustments out of accumulated other comprehensive loss, by component, that was included in net earnings for the three and nine months ended September 30, 2014:
 
 
Three Months Ended
 
Nine Months Ended
 
 
Component - Accumulated Other Comprehensive Loss
 
(Gain) Loss Reclassified
 
(Gain) Loss Reclassified
 
Classification in Earnings
Cash flow hedges, pre-tax
 
$
4

 
$
4

 
Cost of products sold
Pension and postretirement benefits, pre-tax
 
2

 
7

 
Cost of products sold / Selling, general and administrative
Schedule of Stockholders Equity
The following table summarizes the changes in stockholders’ equity for the period presented:
Millions of dollars
 
Total
 
Whirlpool
Common
Stockholders
 
Noncontrolling
Interests
Stockholders’ equity, December 31, 2013
 
$
5,034

 
$
4,924

 
$
110

Net earnings
 
584

 
569

 
15

Other comprehensive income
 
(155
)
 
(153
)
 
(2
)
Comprehensive income
 
429

 
416

 
13

Common stock
 
1

 
1

 
—

Treasury stock
 
(25
)
 
(25
)
 
—

Additional paid-in capital
 
49

 
49

 
—

Dividends declared on common stock
 
(177
)
 
(167
)
 
(10
)
Stockholders’ equity, September 30, 2014
 
$
5,311

 
$
5,198

 
$
113
Schedule of Calculation of Numerator and Denominator in Earnings Per Share
Basic and diluted net earnings per share of common stock for the periods presented were calculated as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Millions of dollars and shares
 
2014

2013
 
2014
 
2013
Numerator for basic and diluted earnings per share – net earnings available to Whirlpool
 
$
230

 
$
196

 
$
569

 
$
646

Denominator for basic earnings per share – weighted-average shares
 
78.4

 
79.7

 
78.3

 
79.6

Effect of dilutive securities – share-based compensation
 
1.2

 
1.3

 
1.1

 
1.4

Denominator for diluted earnings per share – adjusted weighted-average shares
 
79.6

 
81.0

 
79.4

 
81.0

Anti-dilutive stock options/awards excluded from earnings per share
 
0.2

 
—

 
0.3

 
—