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STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
The following table summarizes the changes in stockholders' equity for the periods presented:
  Whirlpool Stockholders' Equity 
 TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock		Non-Controlling Interest
Balances, December 31, 2021$5,013 $10,170 $(2,357)$(3,081)$114 $167 
Comprehensive income
Net earnings316 313 — — 3 
Other comprehensive income 58 — 58 — — — 
Comprehensive income374 313 58 — — 3 
Stock issued (repurchased)(539)— — (539)— — 
Dividends declared(103)(103)— — — — 
Balances, March 31, 20224,745 10,380 (2,299)(3,620)114 170 

  Whirlpool Stockholders' Equity 
 TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock		Non-Controlling Interest
Balances, December 31, 2020$4,795 $8,725 $(2,811)$(2,142)$113 $910 
Comprehensive income
Net earnings440 433 — — — 7 
Other comprehensive income124 — 124 — — — 
Comprehensive income564 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 
Other Comprehensive Income (Loss)
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
Three Months Ended March 31,
20222021
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments (2)
$105 3 $108 $104 (2)$102 
Cash flow hedges(56)19 (37)26 (12)14 
Pension and other postretirement benefits plans(15)2 (13)10 (2)8 
Other comprehensive income (loss)34 24 58 140 (16)124 
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$34 $24 $58 $140 $(16)$124 
(2)Currency translation adjustments includes net investment hedges.
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
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, 2022:
Three Months Ended March 31, 2022
Millions of dollars(Gain) Loss ReclassifiedClassification in Earnings
Pension and postretirement benefits, pre-tax$5 Interest and sundry (income) expense
Total$5 
Net Earnings per Share
Diluted net earnings per share of common stock include the dilutive effect of stock options and other share-based compensation plans. 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 shares20222021
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool$313 $433 
Denominator for basic earnings per share - weighted-average shares58.3 63.0 
Effect of dilutive securities - share-based compensation0.4 0.6 
Denominator for diluted earnings per share - adjusted weighted-average shares58.7 63.6 
Anti-dilutive stock options/awards excluded from earnings per share0.3 0.3 
Share Repurchase Program
On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $2 billion in share repurchases under the Company's ongoing share repurchase program. During the three months ended March 31, 2022, we repurchased approximately 2.7 million shares under these share repurchase programs at an aggregate price of approximately $533 million. At March 31, 2022, there were approximately $2.9 billion in remaining funds authorized under this program.
Share repurchases are made from time to time on the open market as conditions warrant. The programs do not obligate us to repurchase any of our shares and have no expiration date.