XML 65 R46.htm IDEA: XBRL DOCUMENT v3.21.1
Significant Accounting Policies (Narrative) (Details)
3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
country
$ / shares
Sep. 30, 2020
USD ($)
$ / shares
Jun. 30, 2020
USD ($)
$ / shares
Mar. 31, 2020
USD ($)
$ / shares
Dec. 31, 2019
USD ($)
renewal_option
$ / shares
Sep. 30, 2019
USD ($)
$ / shares
Jun. 30, 2019
USD ($)
$ / shares
Mar. 31, 2019
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
renewal_option
country
segment
reporting_unit
$ / shares
Dec. 31, 2019
USD ($)
$ / shares
Dec. 31, 2018
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]                        
Number operating countries | country 13               13      
Number of operating segments | segment                 4      
Indefinite-lived trademark carrying value $ 1,893,000,000       $ 1,870,000,000       $ 1,893,000,000 $ 1,870,000,000    
Restricted cash 10,000,000       $ 0       10,000,000 $ 0 $ 40,000,000  
Unfunded commitments $ 0               $ 0      
Percent of LIFO inventory 41.00%       43.00%       41.00% 43.00%    
Increase in inventories $ 2,301,000,000       $ 2,560,000,000       $ 2,301,000,000 $ 2,560,000,000    
Deferred income taxes (2,189,000,000)       (2,208,000,000)       (2,189,000,000) (2,208,000,000)    
Increase in retained earnings 8,725,000,000       7,962,000,000       8,725,000,000 7,962,000,000   $ 7,426,000,000
Impact on cash used in operating activities                 1,500,000,000 1,230,000,000 1,229,000,000  
Depreciation                 506,000,000 518,000,000 570,000,000  
Net book value of buildings, machinery, and equipment disposals                 25,000,000      
Impairment of long-lived assets                 $ 0 0 0  
Sale leaseback, net proceeds 139,000,000       140,000,000              
Annual rent payment $ 10,000,000       $ 10,000,000              
Lease term 14 years       12 years              
Options to extend lease | renewal_option         5       4      
Lease renewal term 5 years       5 years              
Sale leaseback, deferred gain, gross $ 113,000,000       $ 111,000,000              
Sale leaseback, deferred gain, net 89,000,000       88,000,000              
Sale leaseback, right-of-use assets and lease liabilities 128,000,000       108,000,000       $ 128,000,000 108,000,000    
Number of reporting units | reporting_unit                 4      
Goodwill, impairment loss                 $ 0 0 579,000,000  
Intangibles, impairment loss                 0 0 168,000,000  
Accounts payable outsourcing 1,200,000,000       1,200,000,000       1,200,000,000 1,200,000,000    
Research and development expense                 455,000,000 541,000,000 572,000,000  
Advertising expense                 273,000,000 335,000,000 343,000,000  
Net earnings available to Whirlpool 499,000,000 $ 392,000,000 $ 30,000,000 $ 154,000,000 273,000,000 $ 357,000,000 $ 66,000,000 $ 472,000,000 1,075,000,000 1,168,000,000 (149,000,000)  
Net earnings $ 503,000,000 $ 393,000,000 $ 20,000,000 $ 149,000,000 $ 273,000,000 $ 363,000,000 $ 71,000,000 $ 475,000,000 $ 1,065,000,000 $ 1,182,000,000 $ (125,000,000)  
Diluted net earnings (loss) available to Whirlpool (in USD per share) | $ / shares $ 7.80 $ 6.19 $ 0.47 $ 2.45 $ 4.29 $ 5.55 $ 1.02 $ 7.32 $ 16.98 $ 18.19 $ (2.22)  
Change in accounting principle                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Increase in inventories $ 114,000,000       $ 122,000,000       $ 114,000,000 $ 122,000,000    
Deferred income taxes 28,000,000       30,000,000       28,000,000 30,000,000    
Increase in retained earnings 86,000,000       92,000,000       86,000,000 92,000,000   $ 74,000,000
Impact on cash used in operating activities                 0 0 $ 0  
Net earnings available to Whirlpool 2,000,000 $ (5,000,000) $ (5,000,000) $ 2,000,000 (15,000,000) $ (1,000,000) $ (1,000,000) $ 1,000,000 (6,000,000) (16,000,000) 34,000,000  
Net earnings $ 2,000,000 $ (5,000,000) $ (5,000,000) $ 2,000,000 $ (15,000,000) $ (1,000,000) $ (1,000,000) $ 1,000,000 $ (6,000,000) $ (16,000,000) $ 34,000,000  
Diluted net earnings (loss) available to Whirlpool (in USD per share) | $ / shares $ 0.03 $ (0.08) $ (0.08) $ 0.04 $ (0.23) $ (0.02) $ (0.02) $ 0.01 $ (0.09) $ (0.26) $ 0.50  
JennAir Trademark                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Indefinite-lived trademark carrying value $ 304,000,000               $ 304,000,000      
Accounts Receivable                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Cash proceeds from sale of transferred receivables 600,000,000       $ 1,000,000,000.0       600,000,000 $ 1,000,000,000.0    
Outstanding receivables transferred under arrangements, continued services 30,000,000       348,000,000       30,000,000 348,000,000    
Cost of Products Sold                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Sale leaseback, deferred gain, gross 74,000,000       95,000,000              
Selling, General and Administrative Expenses                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Sale leaseback, deferred gain, gross 39,000,000       16,000,000              
Machinery and equipment                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Retirement of machinery                 26,000,000 41,000,000    
Gain (loss) on sale of property, plant, and equipment                 113,000,000 106,000,000    
Machinery and equipment | Cost of Products Sold                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Gain (loss) on sale of property, plant, and equipment                 74,000,000      
Machinery and equipment | Selling, General and Administrative Expenses                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Gain (loss) on sale of property, plant, and equipment                 39,000,000      
Significant unobservable inputs (Level 3)                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Fair value liabilities $ 0       $ 0       $ 0 $ 0    
One-Time Transition Tax                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Net earnings available to Whirlpool           $ (34,000,000)            
Net earnings           $ (34,000,000)            
Diluted net earnings (loss) available to Whirlpool (in USD per share) | $ / shares           $ (0.53)            
Other Foreign Subsidiary Income                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Net earnings available to Whirlpool           $ (22,000,000)            
Whirlpool India | Elica PB India                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Equity method investment (percentage)                     49.00%  
Equity method investment                     $ 22,000,000  
Whirlpool India | Elica S.p.A.                        
Restricted Cash and Cash Equivalents Items [Line Items]                        
Equity method investment (percentage)           12.54%