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Segment Information
6 Months Ended
Jun. 30, 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 marketplaces. 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, asset impairment charges and certain other items that management believes are not indicative of the Company's ongoing performance, 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 have 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 June 30,
 

OPERATING SEGMENTS

Millions of dollars

North
America

EMEA

Latin
America

Asia

Other/
Eliminations
Total
Whirlpool
Net sales











2018

$
2,782


$
1,096


$
852


$
428


$
(18
)
$
5,140

2017

2,833


1,200


986


373


(45
)
5,347

Intersegment sales











2018

$
70


$
26


$
341


$
84


$
(521
)
$

2017

53


25


356


77


(511
)

Depreciation and amortization

















2018

$
47


$
57


$
26


$
16


$
16

$
162

2017

54


41


32


15


14

156

EBIT











2018

$
331


$
(25
)

$
33


$
43


$
(944
)
$
(562
)
2017

336


(2
)

57


(30
)

(110
)
251

Total assets

















June 30, 2018

$
7,364


$
7,594


$
4,652


$
2,703


$
(3,243
)
$
19,070

December 31, 2017

6,956


8,781


4,847


2,751


(3,297
)
20,038

Capital expenditures











2018

$
41


$
34


$
18


$
16


$
19

$
128

2017

32


23


34


24


9

122



Six Months Ended June 30,
 

OPERATING SEGMENTS

Millions of dollars

North
America

EMEA

Latin
America

Asia

Other/
Eliminations
Total
Whirlpool
Net sales











2018

$
5,298


$
2,164


$
1,750


$
876


$
(37
)
$
10,051

2017

5,279


2,233


1,907


808


(94
)
10,133

Intersegment sales











2018

$
137


$
64


$
627


$
159


$
(987
)
$

2017

127


44


666


138


(975
)

Depreciation and amortization

















2018

$
96


$
114


$
64


$
34


$
31

$
339

2017

107


89


63


32


28

319

EBIT











2018

$
619


$
(52
)

$
90


$
62


$
(1,130
)
$
(411
)
2017

611


(25
)

123


(6
)

(213
)
490

Total assets

















June 30, 2018

$
7,364


$
7,594


$
4,652


$
2,703


$
(3,243
)
$
19,070

December 31, 2017

6,956


8,781


4,847


2,751


(3,297
)
20,038

Capital expenditures











2018

$
64


$
40


$
31


$
27


$
32

$
194

2017

67


36


57


33


17

210




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
 
Six Months Ended
in millions
 
June 30, 2018
June 30, 2017
 
June 30, 2018
June 30, 2017
Total EBIT
 
$
(562
)
251

 
$
(411
)
490

Less: Interest expense
 
47

39

 
89

80

Less: Income tax expense
 
30

33

 
45

73

Net earnings (loss)
 
$
(639
)
179

 
$
(545
)
337