XML 45 R19.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information | 9 Months Ended
--- | ---
Sep. 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 (loss) 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 September 30,
|  | OPERATING SEGMENTS
Millions of dollars |  | North America |  | EMEA |  | Latin America |  | Asia |  | Other/ Eliminations | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 2,994 |  |  | $ | 1,134 |  |  | $ | 878 |  |  | $ | 339 |  |  | $ | (19 | ) | $ | 5,326 |
2017 |  | 2,854 |  |  | 1,268 |  |  | 966 |  |  | 373 |  |  | (43 | ) | 5,418 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 66 |  |  | $ | 19 |  |  | $ | 371 |  |  | $ | 100 |  |  | $ | (556 | ) | $ | — |
2017 |  | 60 |  |  | 36 |  |  | 341 |  |  | 82 |  |  | (519 | ) | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 46 |  |  | $ | 44 |  |  | $ | 29 |  |  | $ | 17 |  |  | $ | 16 |  | $ | 152 |
2017 |  | 53 |  |  | 47 |  |  | 32 |  |  | 22 |  |  | 14 |  | 168 |
EBIT |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 343 |  |  | $ | (39 | ) |  | $ | 49 |  |  | $ | 13 |  |  | $ | (91 | ) | $ | 275 |
2017 |  | 336 |  |  | (2 | ) |  | 55 |  |  | 9 |  |  | (88 | ) | 310 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2018 |  | $ | 7,565 |  |  | $ | 7,585 |  |  | $ | 4,669 |  |  | $ | 2,566 |  |  | $ | (3,292 | ) | $ | 19,093 |
December 31, 2017 |  | 6,956 |  |  | 8,781 |  |  | 4,847 |  |  | 2,751 |  |  | (3,297 | ) | 20,038 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 46 |  |  | $ | 36 |  |  | $ | 24 |  |  | $ | 16 |  |  | $ | 14 |  | $ | 136 |
2017 |  | 41 |  |  | 46 |  |  | 33 |  |  | 28 |  |  | 13 |  | 161 |
|  | Nine Months Ended September 30,
|  | OPERATING SEGMENTS
Millions of dollars |  | North America |  | EMEA |  | Latin America |  | Asia |  | Other/ Eliminations | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 8,292 |  |  | $ | 3,298 |  |  | $ | 2,628 |  |  | $ | 1,215 |  |  | $ | (56 | ) | $ | 15,377 |
2017 |  | 8,133 |  |  | 3,501 |  |  | 2,873 |  |  | 1,181 |  |  | (137 | ) | 15,551 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 203 |  |  | $ | 83 |  |  | $ | 998 |  |  | $ | 259 |  |  | $ | (1,543 | ) | $ | — |
2017 |  | 187 |  |  | 80 |  |  | 1,007 |  |  | 220 |  |  | (1,494 | ) | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 142 |  |  | $ | 158 |  |  | $ | 93 |  |  | $ | 51 |  |  | $ | 47 |  | $ | 491 |
2017 |  | 160 |  |  | 136 |  |  | 95 |  |  | 54 |  |  | 42 |  | 487 |
EBIT |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 962 |  |  | $ | (91 | ) |  | $ | 139 |  |  | $ | 75 |  |  | $ | (1,221 | ) | $ | (136 | )
2017 |  | 947 |  |  | (27 | ) |  | 178 |  |  | 4 |  |  | (302 | ) | 800 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2018 |  | $ | 7,565 |  |  | $ | 7,585 |  |  | $ | 4,669 |  |  | $ | 2,566 |  |  | $ | (3,292 | ) | $ | 19,093 |
December 31, 2017 |  | 6,956 |  |  | 8,781 |  |  | 4,847 |  |  | 2,751 |  |  | (3,297 | ) | 20,038 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 110 |  |  | $ | 76 |  |  | $ | 55 |  |  | $ | 43 |  |  | $ | 46 |  | $ | 330 |
2017 |  | 108 |  |  | 82 |  |  | 90 |  |  | 61 |  |  | 30 |  | 371 |
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 |  | Nine Months Ended
in millions |  | September 30, 2018 | September 30, 2017 |  | September 30, 2018 | September 30, 2017
Total EBIT |  | 275 |  | 310 |  |  | (136 | ) | 800 |
Less: Interest expense |  | 52 |  | 42 |  |  | 141 |  | 122 |
Less: Income tax (benefit) expense |  | 7 |  | (4 | ) |  | 52 |  | 69 |
Net earnings (loss) |  | 216 |  | 272 |  |  | (329 | ) | 609 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration