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BASIS OF PRESENTATION (Tables) | 9 Months Ended
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Sep. 30, 2022
Accounting Policies [Abstract] |
Schedule of Equity Method Investments | The following tables summarize balances and transactions with Whirlpool China and its subsidiaries during the periods presented.
Millions of dollars |  |  | September 30, 2022 |  | December 31, 2021
Other noncurrent assets | Carrying value of equity interest |  | $ | 201 |  |  | $ | 206 |
Accounts payable | Outstanding amounts due |  | $ | 112 |  |  | $ | 137 |
Millions of dollars |  | Three Months Ended September 30, | Nine Months Ended September 30,
| 2022 |  | 2021 | 2022 |  | 2021
Purchases from Whirlpool China |  | $ | 95 |  |  | $ | 86 |  | $ | 316 |  |  | $ | 152 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | We adopted the following standard for the year ending December 31, 2022 which is not expected to have a material impact on our annual Consolidated Financial Statements:
Standard |  | Effective Date
2021-10 | Government Assistance (Topic 832) - Disclosures by Business Entities about Government Assistance | January 1, 2022

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