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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information |
| Three months ended
| Dec. 31 |  | Sept. 30 |  | Jun. 30 |  | Mar. 31
Millions of dollars, except per share data | 2019(4) | 2018 |  | 2019(3) | 2018 |  | 2019 | 2018(2) |  | 2019 | 2018
Net sales | $ | 5,382 |  | $ | 5,660 |  |  | $ | 5,091 |  | $ | 5,326 |  |  | $ | 5,186 |  | $ | 5,140 |  |  | $ | 4,760 |  | $ | 4,911 |
Cost of products sold | 4,334 |  | 4,710 |  |  | 4,350 |  | 4,431 |  |  | 4,254 |  | 4,260 |  |  | 3,948 |  | 4,099 |
Gross margin | 1,048 |  | 950 |  |  | 741 |  | 895 |  |  | 932 |  | 880 |  |  | 812 |  | 812 |
Operating profit (loss) | 424 |  | 309 |  |  | 693 |  | 299 |  |  | 191 |  | (472 | ) |  | 263 |  | 143 |
Interest and sundry (income) expense | 54 |  | 2 |  |  | (29 | ) | 24 |  |  | (63 | ) | 90 |  |  | (130 | ) | (8 | )
Net earnings (loss) | 288 |  | 170 |  |  | 364 |  | 216 |  |  | 72 |  | (639 | ) |  | 474 |  | 94 |
Net earnings (loss) available to Whirlpool | 288 |  | 170 |  |  | 358 |  | 210 |  |  | 67 |  | (657 | ) |  | 471 |  | 94 |
Per share of common stock:(1) |  |  |  |  |  |  |  |  |  |  |
Basic net earnings (loss) | $ | 4.56 |  | $ | 2.66 |  |  | $ | 5.62 |  | $ | 3.25 |  |  | $ | 1.04 |  | $ | (9.50 | ) |  | $ | 7.36 |  | $ | 1.31 |
Diluted net earnings (loss) | 4.52 |  | 2.64 |  |  | 5.57 |  | 3.22 |  |  | 1.04 |  | (9.50 | ) |  | 7.31 |  | 1.30 |
Dividends | 1.20 |  | 1.15 |  |  | 1.20 |  | 1.15 |  |  | 1.20 |  | 1.15 |  |  | 1.15 |  | 1.10 |
(1) | The quarterly earnings per share amounts will not necessarily add to the earnings per share computed for the year due to the method used in calculating per share data.
(2) The operating loss and net loss for the three months ended June 30, 2018 includes an impairment of goodwill and other intangibles of $747 million. The net loss for the three months ended June 30, 2018 also includes a $103 million charge related to the FCA settlement agreement. See Note 6, Note 8 and Note 11 to the Consolidated Financial Statements for additional information. (3) The operating profit and net earnings for the three months ended September 30, 2019 includes a gain on sale and disposal of businesses of $437 million, a $180 million gain related to Brazil indirect tax credits and a $105 million charge related to product warranty expense on EMEA- produced washers. See Note 8, Note 11, Note 14 and Note 17 to the Consolidated Financial Statements for additional information. (4) The gross margin for the three months ended December 31, 2019 includes a gain of $95 million related to the sale and leaseback transaction. See Note 1 to the Consolidated Financial Statements for additional information.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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