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Segment Information
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
Our reportable segments are based upon geographical region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our operating segments. Each segment manufactures home appliances and related components, but serves strategically different markets. The chief operating decision maker evaluates performance based on each segment's earnings before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs and asset impairment charges, if any. 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 asset impairment charges, if any. Intersegment sales are eliminated within each region except compressor sales out of Latin America, which are included in Other/Eliminations.
Effective January 1, 2018, we realigned the composition of certain segments to align with our new leadership reporting structure. We now report our Mexico business as a part of our Latin America segment, and shifted certain adjacent business from the North America segment to the Asia segment. The determination of the Company's reportable segments was not affected by these changes. Prior year amounts have been reclassified to conform with current year presentation.
The tables below summarize performance by operating segment for the periods presented:


Three Months Ended March 31,
 

OPERATING SEGMENTS

Millions of dollars

North
America

EMEA

Latin
America

Asia

Other/
Eliminations

Total
Whirlpool
Net sales












2018

$
2,516


$
1,068


$
898


$
448


$
(19
)

$
4,911

2017

2,446


1,033


921


435


(49
)

4,786

Intersegment sales












2018

$
67


$
38


$
286


$
75


$
(466
)

$

2017

74


19


310


61


(464
)


Depreciation and amortization


















2018

$
49


$
57


$
38


$
18


$
15


$
177

2017

53


48


31


17


14


163

EBIT












2018

$
288


$
(27
)

$
57


$
19


$
(186
)

$
151

2017

275


(23
)

66


24


(103
)

239

Total assets


















March 31, 2018

$
7,249


$
8,624


$
4,827


$
2,805


$
(3,166
)
(a)
$
20,339

December 31, 2017

6,956


8,781


4,847


2,751


(3,297
)
(a)
20,038

Capital expenditures












2018

$
23


$
6


$
13


$
11


$
13


$
66

2017

35


13


23


9


8


88

 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Includes eliminations of intersegment transactions occurring in the ordinary course of business.  

A reconciliation of our segment information to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income is shown in the table below:
 
 
Three Months Ended
in millions
 
March 31, 2018
March 31, 2017
Total EBIT
 
$
151

239

Less: Interest expense
 
42

41

Less: Income taxes
 
15

40

Net earnings
 
$
94

158