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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Other Comprehensive Income
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
 
 
Three Months Ended September 30,
 
 
2017
 
2016
Millions of dollars
 
Pre-tax
Tax Effect
Net
 
Pre-tax
Tax Effect
Net
Currency translation adjustments
 
$
20

$
—

$
20

 
$
25

$
—

$
25

Cash flow and net investment hedges
 
(22
)
10

(12
)
 
23

(9
)
14

Pension and other postretirement benefits plans
 
(15
)
14

(1
)
 
10

(3
)
7

Available for sale securities
 
7

—

7

 
(1
)
—

(1
)
Other comprehensive income (loss)
 
(10
)
24

14

 
57

(12
)
45

Less: Other comprehensive income (loss) available to noncontrolling interests
 
2

—

2

 
—

—

—

Other comprehensive income (loss) available to Whirlpool
 
$
(12
)
$
24

$
12

 
$
57

$
(12
)
$
45

 
 
Nine Months Ended September 30,
 
 
2017

2016
Millions of dollars
 
Pre-tax
Tax Effect
Net
 
Pre-tax
Tax Effect
Net
Currency translation adjustments
 
$
96

$
—

$
96

 
$
81

$
—

$
81

Cash flow and net investment hedges
 
(47
)
17

(30
)
 
61

(20
)
41

Pension and other postretirement benefits plans
 
5

7

12

 
62

(22
)
40

Available for sale securities
 
7

—

7

 
(4
)
—

(4
)
Other comprehensive income (loss)
 
61

24

85

 
200

(42
)
158

Less: Other comprehensive income (loss) available to noncontrolling interests
 
1

—

1

 
2

—

2

Other comprehensive income (loss) available to Whirlpool
 
$
60

$
24

$
84

 
$
198

$
(42
)
$
156
Reclassifications Out of Accumulated Other Comprehensive Income
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 nine months ended September 30, 2017:
 
 
Three Months Ended
 
Nine Months Ended
 
 
Millions of dollars
 
(Gain) Loss Reclassified
 
(Gain) Loss Reclassified
 
Classification in Earnings
Cash flow hedges, pre-tax
 
$
24

 
$
48

 
Cost of products sold
Pension and postretirement benefits, pre-tax
 
9

 
30

 
Interest and sundry (income) expense
Schedule of Stockholders Equity
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)
 
609

 
618

 
(9
)
Other comprehensive income
 
85

 
84

 
1

Comprehensive income (loss)
 
694

 
702

 
(8
)
Common stock
 
1

 
1

 
—

Treasury stock
 
(550
)
 
(550
)
 
—

Additional paid-in capital
 
61

 
61

 
—

Dividends declared on common stock
 
(247
)
 
(235
)
 
(12
)
Stockholders' equity, September 30, 2017
 
$
5,687

 
$
4,752

 
$
935
Schedule of Calculation of Numerator and Denominator in Earnings Per Share
Basic and diluted net earnings per share of common stock for the periods presented were calculated as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Millions of dollars and shares
 
2017

2016
 
2017
 
2016
Numerator for basic and diluted earnings per share - Net earnings available to Whirlpool
 
$
276

 
$
238

 
$
618

 
$
708

Denominator for basic earnings per share - weighted-average shares
 
72.9

 
75.7

 
73.9

 
76.4

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
 
74.0

 
76.9

 
75.1

 
77.5

Anti-dilutive stock options/awards excluded from earnings per share
 
0.5

 
0.3

 
0.6

 
0.3