XML 41 R20.htm IDEA: XBRL DOCUMENT v3.6.0.2
Operating Segment Information
12 Months Ended
Dec. 31, 2016
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.
We conduct business in three countries - the United States, Brazil, and China - which individually comprised at least 10% of consolidated net sales or long-lived assets within the country in the last three years. The following table summarizes net sales and long-lived assets by geographic area: 
Millions of dollars         
 
United States
 
Brazil
 
China
 
All Other
Countries
 
Total
2016:
 
 
 
 
 
 
 
 
 
 
Sales to external customers
 
$
9,901

 
$
1,895

 
$
945

 
$
7,977

 
$
20,718

Long-lived assets
 
4,587

 
336

 
981

 
3,414

 
9,318

2015:
 
 
 
 
 
 
 
 
 
 
Sales to external customers
 
$
9,189

 
$
1,915

 
$
1,003

 
$
8,784

 
$
20,891

Long-lived assets
 
4,558

 
253

 
1,038

 
3,609

 
9,458

2014:
 
 
 
 
 
 
 
 
 
 
Sales to external customers
 
$
9,064

 
$
3,204

 
$
437

 
$
7,167

 
$
19,872

Long-lived assets
 
4,529

 
321

 
1,081

 
3,660

 
9,591


As described above, our chief operating decision maker reviews each operating segment’s performance based upon operating income which excludes restructuring costs and intangible asset impairment, if any. Intangible asset impairment and restructuring costs are included in operating profit on a consolidated basis and included in the Other/Eliminations column in the table below:
 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
EMEA
 
Latin
America
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
11,147

 
5,148


3,191


1,424


(192
)

20,718

2015
 
10,732

 
5,601


3,349


1,417


(208
)

20,891

2014
 
10,634

 
3,905

 
4,686

 
816

 
(169
)
 
19,872

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
$
162

 
$
67


$
196


$
276


$
(701
)

$

2015
 
218

 
52


211


271


(752
)


2014
 
244

 
79

 
180

 
266

 
(769
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
$
261

 
$
204


$
72


$
63


$
55


$
655

2015
 
259

 
199


67


61


82


668

2014
 
263

 
104

 
86

 
29

 
78

 
560

Operating profit (loss)
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
$
1,284

 
$
158


$
207


$
74


$
(369
)

$
1,354

2015
 
1,252

 
188


184


80


(419
)

1,285

2014
 
1,072

 
59

 
475

 
(21
)
 
(397
)
 
1,188

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
$
8,009

 
$
7,497

 
$
2,601

 
$
2,788

 
$
(1,742
)
 
$
19,153

2015
 
7,683

 
7,351

 
2,260

 
2,738

 
(1,022
)
 
19,010

2014
 
7,736

 
7,597

 
2,917

 
2,734

 
(982
)
 
20,002

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
$
199

 
$
199


$
105


$
68


$
89


$
660

2015
 
243

 
220


106


47


73


689

2014
 
271

 
187

 
133

 
29

 
100

 
720