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BASIS OF PRESENTATION (Tables)
9 Months Ended
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 dollarsSeptember 30, 2022December 31, 2021
Other noncurrent assetsCarrying value of equity interest$201 $206 
Accounts payableOutstanding amounts due$112 $137 
Millions of dollarsThree Months Ended September 30,Nine Months Ended September 30,
2022202120222021
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:
StandardEffective Date
2021-10Government Assistance (Topic 832) - Disclosures by Business Entities about
Government Assistance
January 1, 2022