XML 52 R32.htm IDEA: XBRL DOCUMENT v3.21.1

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

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-Controling Interest
Balances, December 31, 2020						$	4,795					$	8,725					$	(2,811)					$	(2,142)					$	113					$	910
Comprehensive income
Net earnings						440						433						—						—						—						7
Other comprehensive income						124						—						124						—						—						—
Comprehensive income						564						433						124						—						—						7
Stock issued (repurchased)						(141)						—						—						(141)						—						—
Dividends declared						(79)						(79)						—						—						—						—
Balances, March 31, 2021						5,139						9,079						(2,687)						(2,283)						113						917

												Whirlpool Stockholders' Equity
						Total						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Treasury Stock / Additional Paid-In-Capital						Common Stock						Non-Controlling Interest
Balances, December 31, 2019						$	4,210					$	7,962					$	(2,618)					$	(2,169)					$	112					$	923
Comprehensive income
Net earnings						149						154						—						—						—						(5)
Other comprehensive income						(95)						—						(97)						—						—						2
Comprehensive income						54						154						(97)						—						—						(3)
Stock issued (repurchased)						(115)						—						—						(115)						—						—
Dividends declared						(75)						(75)						—						—						—						—
Balances, March 31, 2020						$	4,074					$	8,041					$	(2,715)					$	(2,284)					$	112					$	920

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,
						2021												2020
Millions of dollars						Pre-tax			Tax Effect			Net						Pre-tax			Tax Effect			Net
Currency translation adjustments(2)						$	108		$	(6)		$	102					$	(172)		$	(24)		$	(196)
Cash flow hedges						26			(12)			14						111			(23)			88
Pension and other postretirement benefits plans						10			(2)			8						16			(3)			13
Other comprehensive income (loss)						144			(20)			124						(45)			(50)			(95)
Less: Other comprehensive income (loss) available to noncontrolling interests						—			—			—						2			—			2
Other comprehensive income (loss) available to Whirlpool						$	144		$	(20)		$	124					$	(47)		$	(50)		$	(97)

(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, 2021:

Three Months Ended

Millions of dollars

(Gain) Loss Reclassified

Classification in Earnings

Pension and postretirement benefits, pre-tax

10

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						2021						2020
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool						$	433					$	154
Denominator for basic earnings per share - weighted-average shares						63.0						62.8
Effect of dilutive securities - share-based compensation						0.6						0.5
Denominator for diluted earnings per share - adjusted weighted-average shares						63.6						63.3
Anti-dilutive stock options/awards excluded from earnings per share						0.3						2.0

X

- Definition

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

+ References

No definition available.

+ Details

Name:	us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration