XML 83 R23.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Our reportable segments are based upon geographic 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 upon 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 impairments 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 through June 30, 2019, which are included in Other/Eliminations. Sales to Lowe's, a North American retailer, represented approximately 13%, 12% and 10% of our consolidated net sales in 2019, 2018 and 2017, respectively. Lowe's also represented approximately 14% of our consolidated accounts receivable at December 31, 2019. The Company did not have any customer with accounts receivable of more than 10% of consolidated accounts receivable at December 31, 2018. The United States individually comprised at least 10% of consolidated net sales in 2019, 2018 and 2017 in the amounts of $10.7 billion, $10.6 billion and $10.4 billion, respectively. The following table summarizes the countries that represent at least 10% of consolidated long-lived assets for the years ended December 31, 2019 and 2018. Long-lived assets includes property, plant and equipment and right-of-use assets at December 31, 2019 and property, plant and equipment at December 31, 2018.
Millions of dollars |  | United States |  | Mexico |  | Italy |  | Poland |  | All Other Countries | Total
2019 |  |  |  |  |  |  |  |  |  |  |
Long-lived assets |  | $ | 1,816 |  |  | $ | 431 |  |  | $ | 505 |  |  | $ | 422 |  |  | $ | 1,048 |  | $ | 4,222 |
2018 |  |  |  |  |  |  |  |  |  |  |
Long-lived assets |  | $ | 1,335 |  |  | $ | 265 |  |  | $ | 533 |  |  | $ | 410 |  |  | $ | 871 |  | $ | 3,414 |
|  | OPERATING SEGMENTS
Millions of dollars |  | North America |  | EMEA |  | Latin America |  | Asia |  | Other/ Eliminations |  | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | 11,477 |  |  | $ | 4,296 |  |  | $ | 3,177 |  |  | $ | 1,515 |  |  | $ | (46 | ) |  | $ | 20,419 |
2018 |  | 11,374 |  |  | 4,536 |  |  | 3,618 |  |  | 1,587 |  |  | (78 | ) |  | 21,037 |
2017 |  | 11,065 |  |  | 4,881 |  |  | 3,946 |  |  | 1,539 |  |  | (178 | ) |  | 21,253 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | 238 |  |  | $ | 83 |  |  | $ | 1,321 |  |  | $ | 334 |  |  | $ | (1,976 | ) |  | $ | — |
2018 |  | 267 |  |  | 101 |  |  | 1,313 |  |  | 358 |  |  | (2,039 | ) |  | — |
2017 |  | 271 |  |  | 118 |  |  | 1,273 |  |  | 289 |  |  | (1,951 | ) |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | 195 |  |  | $ | 187 |  |  | $ | 65 |  |  | $ | 67 |  |  | $ | 73 |  |  | $ | 587 |
2018 |  | 196 |  |  | 204 |  |  | 111 |  |  | 72 |  |  | 62 |  |  | 645 |
2017 |  | 210 |  |  | 197 |  |  | 126 |  |  | 63 |  |  | 58 |  |  | 654 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | 1,462 |  |  | $ | (30 | ) |  | $ | 172 |  |  | $ | 33 |  |  | $ | 102 |  |  | $ | 1,739 |
2018 |  | 1,342 |  |  | (106 | ) |  | 210 |  |  | 83 |  |  | (1,358 | ) |  | 171 |
2017 |  | 1,282 |  |  | (19 | ) |  | 248 |  |  | 54 |  |  | (516 | ) |  | 1,049 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | 7,791 |  |  | $ | 9,450 |  |  | $ | 4,226 |  |  | $ | 2,581 |  |  | $ | (5,167 | ) |  | $ | 18,881 |
2018 |  | 7,161 |  |  | 7,299 |  |  | 4,745 |  |  | 2,636 |  |  | (3,494 | ) |  | 18,347 |
2017 |  | 6,956 |  |  | 8,781 |  |  | 4,847 |  |  | 2,745 |  |  | (3,291 | ) |  | 20,038 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | 179 |  |  | $ | 124 |  |  | $ | 97 |  |  | $ | 80 |  |  | $ | 52 |  |  | $ | 532 |
2018 |  | 180 |  |  | 154 |  |  | 110 |  |  | 71 |  |  | 75 |  |  | 590 |
2017 |  | 172 |  |  | 219 |  |  | 137 |  |  | 106 |  |  | 50 |  |  | 684 |
The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
| Twelve Months Ended December 31,
in millions | 2019 | 2018 | 2017
Items not allocated to segments: |  |  |
Restructuring costs | $ | (188 | ) | $ | (247 | ) | $ | (275 | )
Brazil indirect tax credit | 180 |  | — |  | — |
Product warranty and liability expense | (131 | ) | — |  | — |
(Gain) loss on sale and disposal of businesses | 437 |  | — |  | — |
Sale leaseback, real estate and receivable adjustment | 86 |  | — |  | — |
Trade customer insolvency claim settlement | (59 | ) | — |  | — |
Impairment of goodwill and intangibles | — |  | (747 | ) | — |
French antitrust settlement | — |  | (103 | ) | — |
Trade customer insolvency | — |  | (30 | ) | — |
Out-of-period adjustment | — |  | — |  | (40 | )
Divestiture related transition costs | — |  | (21 | ) | — |
Corporate expenses and other | (223 | ) | (210 | ) | (201 | )
Total other/eliminations | $ | 102 |  | $ | (1,358 | ) | $ | (516 | )
A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Statements of Income (Loss) is shown in the table below for the periods presented:
|  | Twelve Months Ended December 31,
in millions |  | 2019 | 2018 | 2017
Operating profit |  | $ | 1,571 |  | $ | 279 |  | $ | 1,136 |
Interest and sundry (income) expense |  | (168 | ) | 108 |  | 87 |
Total EBIT |  | $ | 1,739 |  | $ | 171 |  | $ | 1,049 |
Interest expense |  | 187 |  | 192 |  | 162 |
Income tax expense |  | 354 |  | 138 |  | 550 |
Net earnings (loss) |  | $ | 1,198 |  | $ | (159 | ) | $ | 337 |
Less: Net earnings (loss) available to noncontrolling interests |  | 14 |  | 24 |  | (13 | )
Net earnings (loss) available to Whirlpool |  | $ | 1,184 |  | $ | (183 | ) | $ | 350 |

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