XML 65 R37.htm IDEA: XBRL DOCUMENT v3.19.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Information

The table 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
2019		$	2,535			$	1,004			$	875			$	371			$	(25	)	$	4,760
2018		2,516				1,068				898				448				(19		)	4,911
Intersegment sales
2019		66				21				337				84				(508		)	—
2018		67				38				286				75				(466		)	—
Depreciation and amortization
2019		$	49			$	43			$	18			$	17			$	15		$	142
2018		49				57				38				18				15			177
EBIT
2019		312				(21		)		45				7				50			393
2018		288				(27		)		57				19				(186		)	151
Total assets
March 31, 2019		$	7,769			$	9,804			$	5,014			$	2,700			$	(5,601	)	$	19,686
December 31, 2018		7,161				7,299				4,745				2,636				(3,494		)	18,347
Capital expenditures
2019		35				10				24				10				6			85
2018		23				6				13				11				13			66

The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:

		Three Months Ended
in millions		March 31, 2019			March 31, 2018
Items not allocated to segments:
Restructuring costs		$	(26	)	$	(144	)
Divestiture related transition costs		(6		)	—
Brazil indirect tax credit		127			—
Corporate expenses and other		(45		)	(42		)
Total other/eliminations		$	50		$	(186	)

A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income is shown in the table below for the periods presented:

		Three Months Ended
in millions		March 31, 2019			March 31, 2018
Operating profit		$	263		$	143
Interest and sundry (income) expense		(130		)	(8		)
Total EBIT		$	393		$	151
Interest expense		51			42
Income tax (benefit) expense		(132		)	15
Net earnings		$	474		$	94
Less: Net earnings available to noncontrolling interests		3			—
Net earnings available to Whirlpool		$	471		$	94

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration