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Segment Information
6 Months Ended
Jun. 30, 2019
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 region'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, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. Intersegment sales are eliminated within each region except compressor sales out of Latin America, which are included in Other/Eliminations.
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











2019

$
2,858


$
1,032


$
888


$
430


$
(22
)
$
5,186

2018

2,782


1,096


852


428


(18
)
5,140

Intersegment sales











2019

$
45


22


342


87


(496
)

2018

70


26


341


84


(521
)

Depreciation and amortization

















2019

$
55


$
58


$
13


$
17


$
17

$
160

2018

47


57


26


16


16

162

EBIT











2019

$
353


(16
)

56


15


(154
)
254

2018

331


(25
)

33


43


(944
)
(562
)
Total assets

















June 30, 2019

$
7,988


$
9,432


$
5,119


$
2,640


$
(5,324
)
$
19,855

December 31, 2018

7,161


7,299


4,745


2,636


(3,494
)
18,347

Capital expenditures











2019

$
43


17


21


19


12

112

2018

41


34


18


16


19

128

 
 
 
 
 
 
 
 
 
 
 
 


Six Months Ended June 30,
 

OPERATING SEGMENTS

Millions of dollars

North
America

EMEA

Latin
America

Asia

Other/
Eliminations
Total
Whirlpool
Net sales











2019

$
5,393


$
2,036


$
1,763


$
801


$
(47
)
$
9,946

2018

5,298


2,164


1,750


876


(37
)
10,051

Intersegment sales











2019

$
111


43


679


171


(1,004
)

2018

137


64


627


159


(987
)

Depreciation and amortization

















2019

$
104


$
101


$
31


$
34


$
32

$
302

2018

96


114


64


34


31

339

EBIT











2019

$
665


(37
)

101


22


(104
)
647

2018

619


(52
)

90


62


(1,130
)
(411
)
Total assets

















June 30, 2019

$
7,988


$
9,432


$
5,119


$
2,640


$
(5,324
)
$
19,855

December 31, 2018

7,161


7,299


4,745


2,636


(3,494
)
18,347

Capital expenditures











2019

$
78


27


45


29


18

197

2018

64


40


31


27


32

194





The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
in millions
2019
2018
 
2019
2018
Items not allocated to segments:
 
 
 
 
 
Restructuring costs
$
(60
)
$
(44
)
 
$
(86
)
$
(188
)
Divestiture related transition costs
(11
)

 
(17
)

Brazil indirect tax credit
53


 
180


French antitrust settlement

(114
)
 

(114
)
Impairment of goodwill and intangibles

(747
)
 

(747
)
Legacy product warranty and liability expense

(12
)

 
(12
)

Loss on disposal of businesses
(79
)

 
(79
)

Corporate expenses and other
(45
)
(39
)
 
(90
)
(81
)
Total other/eliminations
$
(154
)
$
(944
)
 
$
(104
)
$
(1,130
)

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 June 30,
 
Six Months Ended June 30,
in millions
 
2019
2018
 
2019
2018
Operating profit
 
$
191

$
(472
)
 
$
454

$
(329
)
Interest and sundry (income) expense
 
(63
)
90

 
(193
)
82

Total EBIT
 
$
254

$
(562
)
 
$
647

$
(411
)
Interest expense
 
52

47

 
103

89

Income tax expense (benefit)
 
130

30

 
(2
)
45

Net earnings (loss)
 
$
72

$
(639
)
 
$
546

$
(545
)
Less: Net earnings available to noncontrolling interests
 
5

18

 
8

18

Net earnings available to Whirlpool
 
$
67

$
(657
)
 
$
538

$
(563
)