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Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes our long-term debt at December 31, 2014 and 2013:

Millions of dollars			2014				2013
Maytag medium-term note - 6.45% matured 2014			$	—			$	100
Senior note - 8.6%, matured 2014			—				500
Maytag medium-term note - 5.0% maturing 2015			199				198
Senior note - 6.5%, maturing 2016			250				250
Debentures - 7.75%, maturing 2016			244				244
Senior note - 1.35%, maturing 2017			250				—
Senior note - 1.65%, maturing 2017			300				—
Indesit guaranteed notes - 4.5%, maturing 2018			393				—
Senior note - 2.4%, maturing 2019			250				—
Senior note - 4.85%, maturing 2021			300				300
Senior note - 4.70%, maturing 2022			300				300
Senior note - 3.70%, maturing 2023			250				250
Senior note - 4.0%, maturing 2024			300				—
Senior note - 3.7%, maturing 2025			350				—
Senior note - 5.15% maturing 2043			249				250
Other			143				61
			3,778				2,453
Less current maturities			234				607
Total long-term debt			$	3,544			$	1,846

Schedule of Maturities of Long-term Debt

The following table summarizes the contractual maturities of our long-term debt, including current maturities, at December 31, 2014:

Millions of dollars
2015		$	234
2016		529
2017		580
2018		423
2019		264
Thereafter		1,748
Long-term debt, including current maturities		$	3,778

Schedule of Notes Payable

The following table summarizes the carrying value of notes payable at December 31, 2014 and 2013:

Millions of dollars		2014				2013
Commercial paper		$	387			$	—
Debt securitization		35				—
Short-term borrowings to banks		147				10
Total notes payable		$	569			$	10

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 470

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Article 5



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19)

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