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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Our reportable segments are based upon geographic region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our operating segments. Each segment manufactures home appliances and related components, but serves strategically different marketplaces. The chief operating decision maker evaluates performance based upon each segment's earnings (loss) before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. Total assets by segment are those assets directly associated with the respective operating activities. The "Other/Eliminations" column primarily includes corporate expenses, assets and eliminations, as well as restructuring costs, asset impairments and certain other items that management believes are not indicative of the region's ongoing performance, if any. Intersegment sales are eliminated within each region. Sales to Lowe's, a North American retailer, represented approximately 14%, 13%, and 13% of our consolidated net sales in 2022, 2021 and 2020, respectively. Lowe's represented approximately 37% and 21% of our consolidated accounts receivable as of December 31, 2022 and 2021, respectively. The proportional increase in Lowe's accounts receivable balance is due to a decrease in consolidated accounts receivable driven by European major domestic appliance business reclassified as held for sale. Lowe's accounts receivable has decreased by 9% from the prior year. The United States individually comprised at least 10% of consolidated net sales in 2022, 2021 and 2020 in the amounts of $10.5 billion, $11.5 billion and $10.3 billion, respectively. The following table summarizes the countries that represent at least 10% of consolidated long-lived assets for the years ended December 31, 2022 and 2021. Long-lived assets includes property, plant and equipment and right-of-use assets at December 31, 2022 and 2021. Long-lived assets of $985 million of our European major appliance business have been transferred to assets held for sale in the fourth quarter of 2022.
Millions of dollars |  | United States |  | Mexico |  |  |  | All Other Countries | Total
2022 |  |  |  |  |  |  |  |  |
Long-lived assets |  | $1,742 |  | $389 |  |  |  | $662 | $2,793
Millions of dollars |  | United States |  | Italy |  | Mexico |  | Poland |  | All Other Countries | Total
2021 |  |  |  |  |  |  |  |  |  |  |
Long-lived assets |  | $1,758 |  | $473 |  | $408 |  | $389 |  | $723 | $3,751
|  | OPERATING SEGMENTS
Millions of dollars |  | North America |  | EMEA |  | Latin America |  | Asia |  | Other/ Eliminations |  | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 11,474 |  |  | $ | 4,023 |  |  | $ | 3,127 |  |  | $ | 1,100 |  |  | $ | — |  |  | $ | 19,724 |
2021 |  | 12,491 |  |  | 5,088 |  |  | 3,167 |  |  | 1,239 |  |  | — |  |  | 21,985 |
2020 |  | 11,210 |  |  | 4,389 |  |  | 2,592 |  |  | 1,265 |  |  | — |  |  | 19,456 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 261 |  |  | $ | 85 |  |  | $ | 1,494 |  |  | $ | 42 |  |  | $ | (1,882) |  |  | $ | — |
2021 |  | 312 |  |  | 102 |  |  | 1,277 |  |  | 252 |  |  | (1,943) |  |  | — |
2020 |  | 249 |  |  | 93 |  |  | 1,227 |  |  | 379 |  |  | (1,948) |  |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 198 |  |  | $ | 134 |  |  | $ | 65 |  |  | $ | 20 |  |  | $ | 58 |  |  | $ | 475 |
2021 |  | 175 |  |  | 168 |  |  | 63 |  |  | 26 |  |  | 62 |  |  | 494 |
2020 |  | 193 |  |  | 177 |  |  | 62 |  |  | 70 |  |  | 66 |  |  | 568 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 1,319 |  |  | $ | (58) |  |  | $ | 200 |  |  | $ | 54 |  |  | $ | (2,571) |  |  | $ | (1,056) |
2021 |  | 2,220 |  |  | 100 |  |  | 265 |  |  | 66 |  |  | (152) |  |  | 2,499 |
2020 |  | 1,758 |  |  | 2 |  |  | 219 |  |  | (7) |  |  | (336) |  |  | 1,636 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 10,913 |  |  | $ | 5,240 |  |  | $ | 4,343 |  |  | $ | 1,516 |  |  | $ | (4,888) |  |  | $ | 17,124 |
2021 |  | 7,980 |  |  | 10,210 |  |  | 4,716 |  |  | 1,565 |  |  | (4,186) |  |  | 20,285 |
2020 |  | 7,597 |  |  | 11,296 |  |  | 4,244 |  |  | 2,573 |  |  | (5,274) |  |  | 20,436 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 238 |  |  | $ | 132 |  |  | $ | 121 |  |  | $ | 27 |  |  | $ | 52 |  |  | $ | 570 |
2021 |  | 169 |  |  | 152 |  |  | 133 |  |  | 30 |  |  | 41 |  |  | 525 |
2020 |  | 137 |  |  | 116 |  |  | 64 |  |  | 50 |  |  | 43 |  |  | 410 |
Assets of $3.4 billion associated with our European major domestic appliance business have been classified as assets held for sale in the fourth quarter of 2022. Remaining assets of the EMEA operating segment primarily consist of intercompany loans from other Whirlpool entities which eliminate at total Whirlpool level and assets of the small domestic appliance business. Assets of $3.0 billion were acquired in connection with the InSinkErator acquisition which increased the total assets of North America operating segment during the fourth quarter of 2022. For additional information, see Notes 11 and 17 to the Consolidated Financial Statements. The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
| Twelve Months Ended December 31,
in millions | 2022 | 2021 | 2020
Items not allocated to segments: |  |  |
Restructuring costs | $ | (21) |  | $ | (38) |  | $ | (288) |
Gain (loss) on previously held equity interest | — |  | 42 |  | — |
Gain (loss) on sale and disposal of businesses | (1,869) |  | 107 |  | 7 |
Impairment of goodwill, intangibles and other assets | (396) |  | — |  | — |
Product warranty and liability income (expense) | — |  | 9 |  | 30 |
Corrective action recovery | — |  | — |  | 14 |
Sale-leaseback, real estate and receivable adjustment | — |  | — |  | 113 |
Corporate expenses and other | (285) |  | (272) |  | (212) |
Total other/eliminations | $ | (2,571) |  | $ | (152) |  | $ | (336) |
A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Statements of Income (Loss) is shown in the table below for the periods presented:
|  | Twelve Months Ended December 31,
in millions |  | 2022 | 2021 | 2020
Operating profit |  | $ | (1,056) |  | $ | 2,348 |  | $ | 1,615 |
Interest and sundry (income) expense |  | (19) |  | (159) |  | (21) |
Equity method investment income (loss), net of tax |  | (19) |  | (8) |  | — |
Total EBIT |  | $ | (1,056) |  | $ | 2,499 |  | $ | 1,636 |
Interest expense |  | 190 |  | 175 |  | 189 |
Income tax expense |  | 265 |  | 518 |  | 382 |
Net earnings (loss) |  | $ | (1,511) |  | $ | 1,806 |  | $ | 1,065 |
Less: Net earnings (loss) available to noncontrolling interests |  | 8 |  | 23 |  | (10) |
Net earnings (loss) available to Whirlpool |  | $ | (1,519) |  | $ | 1,783 |  | $ | 1,075 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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