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Segment Information

3 Months Ended

Mar. 31, 2020

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 through June 30, 2019, which were included in Other/Eliminations.

The tables below summarize performance by operating segment for the periods presented:

		Three Months Ended March 31,
		OPERATING SEGMENTS
		North America				EMEA				Latin America				Asia				Other / Eliminations			Total Whirlpool
Net sales
2020		$	2,540			$	879			$	618			$	288			$	—		$	4,325
2019		2,535				1,004				875				371				(25		)	4,760
Intersegment sales
2020		$	72			$	20			$	285			$	63			$	(440	)	$	—
2019		66				21				337				84				(508		)	—
Depreciation and amortization
2020		$	47			$	38			$	16			$	17			$	17		$	135
2019		49				43				18				17				15			142
EBIT
2020		$	303			$	(15	)		$	31			$	(16	)		$	(42	)	$	261
2019		312				(21		)		45				7				50			393
Total assets
March 31, 2020		$	7,627			$	10,281			$	3,777			$	2,477			$	(4,767	)	$	19,395
December 31, 2019		7,791				9,450				4,226				2,581				(5,167		)	18,881
Capital expenditures
2020		$	28			$	14			$	14			$	14			$	12		$	82
2019		35				10				24				10				6			85

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

	Three Months Ended March 31,
in millions	2020			2019
Items not allocated to segments:
Restructuring costs	$	(5	)	$	(26	)
Divestiture related transition costs	—			(6		)
Brazil indirect tax credit	—			127
Corporate expenses and other	(37		)	(45		)
Total other/eliminations	$	(42	)	$	50

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

		Three Months Ended March 31,
in millions		2020			2019
Operating profit		$	260		$	263
Interest and sundry (income) expense		(1		)	(130		)
Total EBIT		$	261		$	393
Interest expense		42			51
Income tax expense		72			(132		)
Net earnings (loss)		$	147		$	474
Less: Net earnings available to noncontrolling interests		(5		)	3
Net earnings (loss) available to Whirlpool		$	152		$	471

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- References

No definition available.

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- 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

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