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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2017
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY Other Comprehensive Income (Loss) The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
|  | Three Months Ended June 30,
|  | 2017 |  | 2016
Millions of dollars |  | Pre-tax | Tax Effect | Net |  | Pre-tax | Tax Effect | Net
Currency translation adjustments |  | $ | 2 |  | $ | — |  | $ | 2 |  |  | $ | (69 | ) | $ | — |  | $ | (69 | )
Cash flow hedges |  | (28 | ) | 10 |  | (18 | ) |  | 36 |  | (12 | ) | 24 |
Pension and other postretirement benefits plans |  | 11 |  | (6 | ) | 5 |  |  | 6 |  | (1 | ) | 5 |
Available for sale securities |  | 2 |  | — |  | 2 |  |  | (3 | ) | — |  | (3 | )
Other comprehensive income (loss) |  | (13 | ) | 4 |  | (9 | ) |  | (30 | ) | (13 | ) | (43 | )
Less: Other comprehensive income (loss) available to noncontrolling interests |  | — |  | — |  | — |  |  | 1 |  | — |  | 1 |
Other comprehensive income (loss) available to Whirlpool |  | $ | (13 | ) | $ | 4 |  | $ | (9 | ) |  | $ | (31 | ) | $ | (13 | ) | $ | (44 | )
|  | Six Months Ended June 30,
|  | 2017 |  | 2016
Millions of dollars |  | Pre-tax | Tax Effect | Net |  | Pre-tax | Tax Effect | Net
Currency translation adjustments |  | $ | 76 |  | $ | — |  | $ | 76 |  |  | $ | 56 |  | $ | — |  | $ | 56 |
Cash flow hedges |  | (25 | ) | 7 |  | (18 | ) |  | 38 |  | (11 | ) | 27 |
Pension and other postretirement benefits plans |  | 20 |  | (7 | ) | 13 |  |  | 52 |  | (19 | ) | 33 |
Available for sale securities |  | — |  | — |  | — |  |  | (3 | ) | — |  | (3 | )
Other comprehensive income (loss) |  | 71 |  | — |  | 71 |  |  | 143 |  | (30 | ) | 113 |
Less: Other comprehensive income (loss) available to noncontrolling interests |  | (1 | ) | — |  | (1 | ) |  | 2 |  | — |  | 2 |
Other comprehensive income (loss) available to Whirlpool |  | $ | 72 |  | $ | — |  | $ | 72 |  |  | $ | 141 |  | $ | (30 | ) | $ | 111 |
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three and six months ended June 30, 2017:
|  | Three Months Ended |  | Six Months Ended |  |
Millions of dollars |  | (Gain) Loss Reclassified |  | (Gain) Loss Reclassified |  | Classification in Earnings
Cash flow hedges, pre-tax |  | $ | 29 |  |  | $ | 24 |  |  | Cost of products sold
Pension and postretirement benefits, pre-tax |  | 12 |  |  | 21 |  |  | Interest and sundry (income) expense
The following table summarizes the changes in stockholders’ equity for the period presented:
Millions of dollars |  | Total |  | Whirlpool Common Stockholders |  | Noncontrolling Interests
Stockholders' equity, December 31, 2016 |  | $ | 5,728 |  |  | $ | 4,773 |  |  | $ | 955 |
Net earnings (loss) |  | 337 |  |  | 342 |  |  | (5 | )
Other comprehensive income (loss) |  | 71 |  |  | 72 |  |  | (1 | )
Comprehensive income (loss) |  | 408 |  |  | 414 |  |  | (6 | )
Common stock |  | — |  |  | — |  |  | — |
Treasury stock |  | (350 | ) |  | (350 | ) |  | — |
Additional paid-in capital |  | 49 |  |  | 49 |  |  | — |
Dividends declared on common stock |  | (155 | ) |  | (155 | ) |  | — |
Stockholders' equity, June 30, 2017 |  | $ | 5,680 |  |  | $ | 4,731 |  |  | $ | 949 |
Net Earnings per Share Diluted net earnings per share of common stock include the dilutive effect of stock options and other share-based compensation plans. Basic and diluted net earnings per share of common stock for the periods presented were calculated as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Millions of dollars and shares |  | 2017 |  | 2016 |  | 2017 |  | 2016
Numerator for basic and diluted earnings per share - Net earnings available to Whirlpool |  | $ | 189 |  |  | $ | 320 |  |  | $ | 342 |  |  | $ | 470 |
Denominator for basic earnings per share - weighted-average shares |  | 74.0 |  |  | 76.2 |  |  | 74.4 |  |  | 76.7 |
Effect of dilutive securities – share-based compensation |  | 1.1 |  |  | 1.2 |  |  | 1.2 |  |  | 1.1 |
Denominator for diluted earnings per share – adjusted weighted-average shares |  | 75.1 |  |  | 77.4 |  |  | 75.6 |  |  | 77.8 |
Anti-dilutive stock options/awards excluded from earnings per share |  | 0.5 |  |  | 0.3 |  |  | 0.6 |  |  | 0.3 |
Share Repurchase Program On April 18, 2016, our Board of Directors authorized a share repurchase program of up to $1 billion. During the six months ended June 30, 2017, we repurchased 1,929,620 shares under this share repurchase program at an aggregate purchase price of approximately $350 million. As of June 30, 2017, there were approximately $350 million in remaining funds authorized under this program, which has no expiration date. On July 25, 2017, our Board of Directors authorized an additional share repurchase program of up to $2 billion, which has no expiration date. Share repurchases are made from time to time on the open market as conditions warrant. The program does not obligate us to repurchase any of our shares.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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