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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