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Segment Information
6 Months Ended
Jun. 30, 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 June 30,
 

OPERATING SEGMENTS


North
America

EMEA

Latin
America

Asia

Other / Eliminations
Total
Whirlpool
Net sales











2020

$
2,501


$
836


$
434


$
271


$

$
4,042

2019

2,858

 
1,032

 
888

 
430

 
(22
)
5,186

Intersegment sales

 
 
 
 
 
 
 
 
 
 
2020

$
47

 
$
18

 
$
264

 
$
95

 
$
(424
)
$

2019

45

 
22

 
342

 
87

 
(496
)

Depreciation and amortization

 
 
 
 
 
 
 
 
 
 
2020

$
43

 
$
43

 
$
15

 
$
16

 
$
16

$
133

2019

55

 
58

 
13

 
17

 
17

160

EBIT

 
 
 
 
 
 
 
 
 
 
2020

$
316

 
$
(66
)
 
$
11

 
$
(18
)
 
$
(151
)
$
92

2019

353

 
(16
)
 
56

 
15

 
(154
)
254

Total assets

 
 
 
 
 
 
 
 
 
 
June 30, 2020

$
7,318

 
$
10,407

 
$
3,643

 
$
2,316

 
$
(5,008
)
$
18,676

December 31, 2019

7,791

 
9,450

 
4,226

 
2,581

 
(5,167
)
18,881

Capital expenditures

 
 
 
 
 
 
 
 
 
 
2020

$
25

 
$
18

 
$
12

 
$
9

 
$
9

$
73

2019

43

 
17

 
21

 
19

 
12

112

 
 
 
 
 
 
 
 
 
 
 
 


Six Months Ended June 30,
 

OPERATING SEGMENTS


North America

EMEA

Latin America

Asia

Other / Eliminations
Total Whirlpool
Net sales











2020

$
5,041

 
$
1,715

 
$
1,052

 
$
559

 
$

$
8,367

2019

5,393

 
2,036

 
1,763

 
801

 
(47
)
9,946

Intersegment sales

 
 
 
 
 
 
 
 
 

2020

$
120

 
$
38

 
$
550

 
$
158

 
$
(866
)
$

2019

111

 
43

 
679

 
171

 
(1,004
)

Depreciation and amortization

 
 
 
 
 
 
 
 
 


2020

$
90

 
$
81

 
$
31

 
$
33

 
$
33

$
268

2019

104

 
101

 
31

 
34

 
32

302

EBIT

 
 
 
 
 
 
 
 
 

2020

$
619

 
$
(81
)
 
$
42

 
$
(34
)
 
$
(193
)
$
353

2019

665

 
(37
)
 
101

 
22

 
(104
)
647

Total assets

 
 
 
 
 
 
 
 
 


June 30, 2020

$
7,318

 
$
10,407

 
$
3,643

 
$
2,316

 
$
(5,008
)
$
18,676

December 31, 2019

7,791

 
9,450

 
4,226

 
2,581

 
(5,167
)
18,881

Capital expenditures

 
 
 
 
 
 
 
 
 

2020

$
53

 
$
32

 
$
26

 
$
23

 
$
21

$
155

2019

78

 
27

 
45

 
29

 
18

197

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
2020
2019
 
2020
2019
Items not allocated to segments:
 
 
 
 
 
Restructuring costs
$
(118
)
$
(60
)
 
$
(123
)
$
(86
)
Divestiture related transition costs

(11
)
 

(17
)
Brazil indirect tax credit

53

 

180

Legacy product warranty and liability expense

(12
)
 

(12
)
Loss on disposal of businesses

(79
)
 

(79
)
Corporate expenses and other
(33
)
(45
)
 
(70
)
(90
)
Total other/eliminations
$
(151
)
$
(154
)
 
$
(193
)
$
(104
)
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 June 30,
 
Six Months Ended June 30,
in millions
 
2020
2019
 
2020
2019
Operating profit
 
$
77

$
191

 
$
337

$
454

Interest and sundry (income) expense
 
(15
)
(63
)
 
(16
)
(193
)
Total EBIT
 
$
92

$
254

 
$
353

$
647

Interest expense
 
49

52

 
92

103

Income tax expense
 
18

130

 
89

(2
)
Net earnings (loss)
 
$
25

$
72

 
$
172

$
546

Less: Net earnings available to noncontrolling interests
 
(10
)
5

 
(15
)
8

Net earnings (loss) available to Whirlpool
 
$
35

$
67

 
$
187

$
538