XML 21 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net sales $ 5,291 $ 5,091 $ 13,658 $ 15,037
Expenses        
Cost of products sold 4,136 4,350 11,172 12,552
Gross margin 1,155 741 2,486 2,485
Selling, general and administrative 513 491 1,354 1,580
Intangible amortization 16 17 46 53
Restructuring costs 63 56 186 142
(Gain) loss on sale and disposal of businesses (7) (516) (7) (437)
Operating profit 570 693 907 1,147
Other (income) expense        
Interest and sundry (income) expense (22) (29) (38) (222)
Interest expense 51 45 142 148
Earnings before income taxes 541 677 803 1,221
Income tax expense (benefit) 143 313 233 311
Net earnings 398 364 570 910
Less: Net earnings (loss) available to noncontrolling interests 1 6 (14) 14
Net earnings available to Whirlpool $ 397 $ 358 $ 584 $ 896
Per share of common stock        
Basic net earnings available to Whirlpool (USD per share) $ 6.35 $ 5.62 $ 9.33 $ 14.04
Diluted net earnings available to Whirlpool (USD per share) 6.27 5.57 9.26 13.93
Dividends declared (USD per share) $ 1.20 $ 1.20 $ 3.60 $ 3.55
Weighted-average shares outstanding (in millions)        
Basic (in shares) 62.6 63.6 62.6 63.8
Diluted (in shares) 63.3 64.2 63.1 64.3
Comprehensive income $ 375 $ 419 $ 436 $ 1,002