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Operating Segment Information
3 Months Ended
Mar. 31, 2015
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 March 31,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
$
2,341

 
$
899

 
$
1,273

 
$
378

 
$
(45
)
 
$
4,846

2014
 
2,331

 
1,187

 
720

 
166

 
(41
)
 
4,363

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
60

 
47

 
11

 
60

 
(178
)
 

2014
 
57

 
42

 
26

 
64

 
(189
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
65

 
18

 
47

 
16

 
15

 
161

2014
 
60

 
22

 
24

 
5

 
16

 
127

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
276

 
59

 
17

 
24

 
(73
)
 
303

2014
 
228

 
123

 
7

 
5

 
(82
)
 
281

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2015
 
7,867

 
2,589

 
6,647

 
2,791

 
(686
)
 
19,208

December 31, 2014
 
7,736

 
2,917

 
7,597

 
2,734

 
(982
)
 
20,002

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
56

 
20

 
34

 
10

 
6

 
126

2014
 
48

 
34

 
23

 
2

 
16

 
123