XML 70 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities      
Net earnings $ 692us-gaap_ProfitLoss $ 849us-gaap_ProfitLoss $ 425us-gaap_ProfitLoss
Adjustments to reconcile net earnings to cash provided by operating activities:      
Depreciation and amortization 560us-gaap_DepreciationAndAmortization 540us-gaap_DepreciationAndAmortization 551us-gaap_DepreciationAndAmortization
Curtailment gain 0us-gaap_DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments 0us-gaap_DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments (52)us-gaap_DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
Increase (decrease) in LIFO inventory reserve 9us-gaap_InventoryLIFOReservePeriodCharge (26)us-gaap_InventoryLIFOReservePeriodCharge (13)us-gaap_InventoryLIFOReservePeriodCharge
Brazilian collection dispute 0whr_BrazilianCollectionDispute 0whr_BrazilianCollectionDispute (275)whr_BrazilianCollectionDispute
Changes in assets and liabilities (net of effects of acquisitions):      
Accounts receivable (90)us-gaap_IncreaseDecreaseInAccountsReceivable (65)us-gaap_IncreaseDecreaseInAccountsReceivable 47us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 40us-gaap_IncreaseDecreaseInInventories (86)us-gaap_IncreaseDecreaseInInventories (7)us-gaap_IncreaseDecreaseInInventories
Accounts payable 359us-gaap_IncreaseDecreaseInAccountsPayable 275us-gaap_IncreaseDecreaseInAccountsPayable 240us-gaap_IncreaseDecreaseInAccountsPayable
Accrued advertising and promotions 121whr_IncreaseDecreaseInAccruedAdvertisingAndPromotions 28whr_IncreaseDecreaseInAccruedAdvertisingAndPromotions (13)whr_IncreaseDecreaseInAccruedAdvertisingAndPromotions
Accrued expenses and current liabilities (232)whr_IncreaseDecreaseinaccruedexpensesandcurrentliabilities 82whr_IncreaseDecreaseinaccruedexpensesandcurrentliabilities 0whr_IncreaseDecreaseinaccruedexpensesandcurrentliabilities
Taxes deferred and payable, net 49us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (105)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (68)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued pension and postretirement benefits (181)us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations (184)us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations (227)us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations
Employee compensation (17)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (23)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 249us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other 169us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (23)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (161)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Cash provided by operating activities 1,479us-gaap_NetCashProvidedByUsedInOperatingActivities 1,262us-gaap_NetCashProvidedByUsedInOperatingActivities 696us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities      
Capital expenditures (720)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (578)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (476)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of assets and business 21whr_ProceedsFromSaleOfPropertyPlantAndEquipmentAndOtherInvestments 6whr_ProceedsFromSaleOfPropertyPlantAndEquipmentAndOtherInvestments 10whr_ProceedsFromSaleOfPropertyPlantAndEquipmentAndOtherInvestments
Change in restricted cash 74us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash
Acquisition of Indesit Company S.p.A. (1,356)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross
Acquisition of Hefei Rongshida Sanyo Electric Co., Ltd. (453)us-gaap_OtherPaymentsToAcquireBusinesses 0us-gaap_OtherPaymentsToAcquireBusinesses 0us-gaap_OtherPaymentsToAcquireBusinesses
Investment in related businesses (16)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates (6)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates (28)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates
Other (6)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (4)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash used in investing activities (2,456)us-gaap_NetCashProvidedByUsedInInvestingActivities (582)us-gaap_NetCashProvidedByUsedInInvestingActivities (494)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities      
Proceeds from borrowings of long-term debt 1,483us-gaap_ProceedsFromIssuanceOfLongTermDebt 518us-gaap_ProceedsFromIssuanceOfLongTermDebt 322us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term debt (606)us-gaap_RepaymentsOfLongTermDebt (513)us-gaap_RepaymentsOfLongTermDebt (361)us-gaap_RepaymentsOfLongTermDebt
Net proceeds from short-term borrowings 63us-gaap_ProceedsFromRepaymentsOfShortTermDebt 5us-gaap_ProceedsFromRepaymentsOfShortTermDebt 6us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Dividends paid (224)us-gaap_PaymentsOfDividends (187)us-gaap_PaymentsOfDividends (155)us-gaap_PaymentsOfDividends
Repurchase of common stock (25)us-gaap_PaymentsForRepurchaseOfCommonStock (350)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Purchase of noncontrolling interest shares (5)us-gaap_ProceedsFromPaymentsToMinorityShareholders 0us-gaap_ProceedsFromPaymentsToMinorityShareholders 0us-gaap_ProceedsFromPaymentsToMinorityShareholders
Common stock issued 38us-gaap_ProceedsFromIssuanceOfCommonStock 95us-gaap_ProceedsFromIssuanceOfCommonStock 43us-gaap_ProceedsFromIssuanceOfCommonStock
Other (19)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Cash provided by (used in) financing activities 705us-gaap_NetCashProvidedByUsedInFinancingActivities (434)us-gaap_NetCashProvidedByUsedInFinancingActivities (148)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and equivalents (82)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (34)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 5us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase (decrease) in cash and equivalents (354)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 212us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 59us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and equivalents at beginning of year 1,380us-gaap_CashAndCashEquivalentsAtCarryingValue 1,168us-gaap_CashAndCashEquivalentsAtCarryingValue 1,109us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and equivalents at end of year 1,026us-gaap_CashAndCashEquivalentsAtCarryingValue 1,380us-gaap_CashAndCashEquivalentsAtCarryingValue 1,168us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information      
Cash paid for interest 172us-gaap_InterestPaid 179us-gaap_InterestPaid 197us-gaap_InterestPaid
Cash paid for income taxes $ 140us-gaap_IncomeTaxesPaid $ 158us-gaap_IncomeTaxesPaid $ 177us-gaap_IncomeTaxesPaid