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Operating Segment Information
 6 Months Ended
Jun. 30, 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 June 30,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
$
2,687

 
$
854

 
$
1,334

 
$
381

 
$
(48
)
 
$
5,208

2014
 
2,675

 
1,092

 
746

 
211

 
(42
)
 
4,682

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
59

 
55

 
14

 
68

 
(196
)
 
—

2014
 
58

 
43

 
23

 
67

 
(191
)
 
—

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
66

 
19

 
60

 
15

 
10

 
170

2014
 
61

 
22

 
13

 
6

 
32

 
134

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
287

 
36

 
51

 
27

 
(128
)
 
273

2014
 
285

 
87

 
2

 
4

 
(87
)
 
291

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
7,862

 
2,619

 
7,102

 
2,798

 
(868
)
 
19,513

December 31, 2014
 
7,736

 
2,917

 
7,597

 
2,734

 
(982
)
 
20,002

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
61

 
23

 
38

 
8

 
12

 
142

2014
 
67

 
28

 
25

 
5

 
17

 
142



 
 
Six Months Ended June 30,
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
Latin
America
 
EMEA
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
$
5,028

 
$
1,753

 
$
2,607

 
$
759

 
$
(93
)
 
$
10,054

2014
 
5,006

 
2,279

 
1,466

 
377

 
(83
)
 
9,045

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
119

 
102

 
25

 
128

 
(374
)
 
—

2014
 
115

 
85

 
49

 
131

 
(380
)
 
—

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
131

 
37

 
107

 
31

 
25

 
331

2014
 
121

 
44

 
37

 
11

 
48

 
261

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
563

 
95

 
68

 
51

 
(201
)
 
576

2014
 
513

 
210

 
9

 
9

 
(169
)
 
572

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
7,862

 
2,619

 
7,102

 
2,798

 
(868
)
 
19,513

December 31, 2014
 
7,736

 
2,917

 
7,597

 
2,734

 
(982
)
 
20,002

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
117

 
43

 
72

 
18

 
18

 
268

2014
 
115

 
62

 
48

 
7

 
33

 
265