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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

The tables below summarize performance by operating segment for the periods presented:

						Three Months Ended September 30,
						OPERATING SEGMENTS
						North America						EMEA						Latin America						Asia						Other / Eliminations			Total Whirlpool
Net sales
2022						$	2,873					$	903					$	750					$	258					$	—		$	4,784
2021						3,113						1,256						841						278						—			5,488
Intersegment sales
2022						$	65					$	18					$	380					$	11					$	(474)		$	—
2021						89						30						327						47						(493)			—
Depreciation and amortization
2022						$	42					$	41					$	17					$	4					$	14		$	118
2021						43						39						17						4						16			119
EBIT
2022						$	282					$	(28)					$	40					$	12					$	(68)		$	238
2021						553						28						73						24						(48)			630
Total assets
September 30, 2022						$	8,162					$	8,169					$	4,618					$	1,500					$	(4,938)		$	17,511
December 31, 2021						7,980						10,210						4,716						1,565						(4,186)			20,285
Capital expenditures
2022						$	35					$	27					$	32					$	6					$	17		$	117
2021						42						31						34						6						9			122

						Nine Months Ended September 30,
						OPERATING SEGMENTS
						North America						EMEA						Latin America						Asia						Other / Eliminations			Total Whirlpool
Net sales
2022						$	8,629					$	2,995					$	2,297					$	880					$	—		$	14,801
2021						9,200						3,676						2,336						958						—			16,170
Intersegment sales
2022						$	228					$	66					$	1,143					$	33					$	(1,470)		$	—
2021						244						76						950						239						(1,509)			—
Depreciation and amortization
2022						$	127					$	111					$	49					$	14					$	43		$	344
2021						132						129						48						22						47			378
EBIT
2022						$	1,153					$	(53)					$	151					$	48					$	(884)		$	415
2021						1,716						80						209						50						(62)			1,993
Total assets
September 30, 2022						$	8,162					$	8,169					$	4,618					$	1,500					$	(4,938)		17,511
December 31, 2021						7,980						10,210						4,716						1,565						(4,186)			20,285
Capital expenditures
2022						$	104					$	62					$	93					$	23					$	52		$	334
2021						107						78						77						18						26			306

The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:

			Three Months Ended September 30,									Nine Months Ended September 30,
in millions			2022			2021						2022			2021
Items not allocated to segments:
Restructuring charges			(3)			$	(7)					(13)			$	(35)
Gain (loss) on previously held equity interest			—			42						—			42
Impairment of goodwill and other intangibles			—			—						(384)			—
(Gain) loss on disposal of businesses			(2)			(13)						(348)			105
Corporate expenses and other			(63)			(70)						(139)			(174)
Total other/eliminations			$	(68)		$	(48)					$	(884)		$	(62)

A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income (Loss) is shown in the table below for the periods presented:

						Three Months Ended September 30,									Nine Months Ended September 30,
in millions						2022			2021						2022			2021
Operating profit						$	221		$	552					$	376		$	1,854
Interest and sundry (income) expense						(19)			(78)						(45)			(139)
Equity method investment income (loss), net of tax						(2)			—						(6)			—
Total EBIT						$	238		$	630					$	415		$	1,993
Interest expense						40			44						126			134
Income tax expense						53			100						196			353
Net earnings (loss)						$	145		$	486					$	93		$	1,506
Less: Net earnings available to noncontrolling interests						2			15						8			21
Net earnings (loss) available to Whirlpool						$	143		$	471					$	85		$	1,485

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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