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Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
The following table summarizes the changes in stockholders' equity for the periods presented:
 
 
 
 
Whirlpool Stockholders' Equity
 
 
 
 
Total
 
Retained
Earnings
 
Accumulated Other
Comprehensive Income (Loss)
 
Treasury Stock/
Additional Paid-
in-Capital
 
Common
Stock
 
Non-
Controlling
Interests
Balances, December 31, 2019
 
$
4,118

 
$
7,870

 
$
(2,618
)
 
$
(2,169
)
 
$
112

 
$
923

Comprehensive income
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings
 
147

 
152

 
—

 
—

 
—

 
(5
)
Other comprehensive income
 
(95
)
 
—

 
(97
)
 
—

 
—

 
2

Comprehensive income
 
52

 
152

 
(97
)
 
—

 
—

 
(3
)
Stock issued (repurchased)
 
(115
)
 
—

 
—

 
(115
)
 
—

 
—

Dividends declared
 
(75
)
 
(75
)
 
—

 
—

 
—

 
—

Balances, March 31, 2020
 
3,980

 
7,947

 
(2,715
)
 
(2,284
)
 
112

 
920

 
 
 
 
Whirlpool Stockholders' Equity
 
 
 
 
Total
 
Retained
Earnings
 
Accumulated Other
Comprehensive Income (Loss)
 
Treasury Stock/
Additional Paid-
in-Capital
 
Common
Stock
 
Non-
Controlling
Interests
Balances, December 31, 2018
 
$
3,205

 
$
6,933

 
$
(2,695
)
 
$
(2,059
)
 
$
112

 
$
914

Comprehensive income
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings
 
474

 
471

 
—

 
—

 
—

 
3

Other comprehensive income
 
93

 
—

 
93

 
—

 
—

 
—

Comprehensive income
 
567

 
471

 
93

 
—

 
—

 
3

Adjustment to beginning retained earnings (1)
 
61

 
61

 
—

 
—

 
—

 
—

Stock issued (repurchased)
 
(40
)
 
—

 
—

 
(40
)
 
—

 
—

Dividends declared
 
(74
)
 
(74
)
 
—

 
—

 
—

 
—

Balances, March 31, 2019
 
$
3,719

 
$
7,391

 
$
(2,602
)
 
$
(2,099
)
 
$
112

 
$
917

(1) 
Increase to beginning retained earnings is due to the adoption of ASU 2016-02 [increase of approximately $61 million (net of tax)].
Schedule of Other Comprehensive Income
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
 
 
Three Months Ended March 31,
 
 
2020
 
2019
Millions of dollars
 
Pre-tax
Tax Effect
Net
 
Pre-tax
Tax Effect
Net
Currency translation adjustments (2)
 
$
(172
)
$
(24
)
$
(196
)
 
$
92

1

$
93

Cash flow hedges
 
111

(23
)
88

 
(14
)
5

(9
)
Pension and other postretirement benefits plans
 
16

(3
)
13

 
12

(3
)
9

Other comprehensive income (loss)
 
(45
)
(50
)
(95
)
 
90

3

93

Less: Other comprehensive income (loss) available to noncontrolling interests
 
2

—

2

 
—

—

—

Other comprehensive income (loss) available to Whirlpool
 
$
(47
)
$
(50
)
$
(97
)
 
$
90

$
3

$
93

(2) 
Currency translation adjustments includes net investment hedges.
 
 
 
 
 
 
 
 
 
Reclassifications Out of Accumulated Other Comprehensive Income
The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three months ended March 31, 2020:
 
Three Months Ended
 
 
Millions of dollars
(Gain) Loss Reclassified
 
Classification in Earnings
Pension and postretirement benefits, pre-tax
16

 
Interest and sundry (income) expense
Schedule of Calculation of Numerator and Denominator in Earnings Per Share Basic and diluted net earnings per share of common stock for the periods presented were calculated as follows:
 
 
Three Months Ended March 31,
Millions of dollars and shares
 
2020
 
2019
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool
 
$
152

 
$
471

Denominator for basic earnings per share - weighted-average shares
 
62.8

 
64.0

Effect of dilutive securities - share-based compensation
 
0.5

 
0.5

Denominator for diluted earnings per share - adjusted weighted-average shares
 
63.3

 
64.5

Anti-dilutive stock options/awards excluded from earnings per share
 
2.0

 
1.8