XML 26 R7.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue Recognition | 9 Months Ended
--- | ---
Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | REVENUE RECOGNITION Disaggregation of Revenue The following table presents our disaggregated revenues by revenue source. We sell products within all product categories in each operating segment. For additional information on the disaggregated revenues by geographic regions, see Note 14 to the Consolidated Condensed Financial Statements.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Millions of dollars | 2021 |  | 2020 |  | 2021 |  | 2020
Major product categories: |  |  |  |  |  |  |
Laundry | $ | 1,498 |  |  | $ | 1,588 |  |  | $ | 4,447 |  |  | $ | 3,989 |
Refrigeration | 1,762 |  |  | 1,701 |  |  | 5,016 |  |  | 4,368 |
Cooking | 1,348 |  |  | 1,159 |  |  | 4,097 |  |  | 3,011 |
Dishwashing | 479 |  |  | 509 |  |  | 1,403 |  |  | 1,320 |
Total major product category net sales | $ | 5,087 |  |  | $ | 4,957 |  |  | $ | 14,963 |  |  | $ | 12,688 |
Spare parts and warranties | 302 |  |  | 247 |  |  | 860 |  |  | 681 |
Other | 99 |  |  | 87 |  |  | 347 |  |  | 289 |
Total net sales | $ | 5,488 |  |  | $ | 5,291 |  |  | $ | 16,170 |  |  | $ | 13,658 |
The impact to revenue related to prior period performance obligations is less than 1% of global consolidated revenues for the three and nine months ended September 30, 2021. Allowance for Expected Credit Losses We estimate our expected credit losses primarily by using an aging methodology and establish customer-specific reserves for higher risk trade customers. Our expected credit losses are evaluated and controlled within each geographic region considering the unique credit risk specific to the country, marketplace and economic environment. We take into account past events, current conditions and reasonable and supportable forecasts in developing the reserve. The following table summarizes our allowance for expected credit losses by operating segment for the nine months ended September 30, 2021:
Millions of dollars | December 31, 2020 | Charged to Earnings | Write-offs | Foreign Currency | Other (1) | September 30, 2021
Accounts receivable allowance |  |  |  |  |  |
North America | $ | 7 |  | $ | 4 |  | (3) |  | — |  | $ | — |  | $ | 8 |
EMEA | 67 |  | 1 |  | (15) |  | (6) |  | — |  | $ | 47 |
Latin America | 44 |  | 4 |  | (2) |  | (1) |  | — |  | $ | 45 |
Asia | 14 |  | — |  | — |  | — |  | (11) |  | $ | 3 |
Consolidated | $ | 132 |  | $ | 9 |  | $ | (20) |  | $ | (7) |  | $ | (11) |  | $ | 103 |
Financing receivable allowance |  |  |  |  |  |
Latin America | $ | 27 |  | $ | — |  | $ | — |  | $ | (1) |  | $ | — |  | $ | 26 |
Asia | 21 |  | — |  | — |  | — |  | (21) |  | — |
| $ | 48 |  | $ | — |  | $ | — |  | $ | (1) |  | $ | (21) |  | $ | 26 |
Consolidated | $ | 180 |  | $ | 9 |  | $ | (20) |  | $ | (8) |  | $ | (32) |  | $ | 129 |
(1)Accounts receivable and financing receivable allowance of Whirlpool China which were previously classified under accounts receivable and noncurrent assets, respectively, have been removed as part of the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration