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GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
The following table summarizes goodwill attributable to our reporting units for the periods presented:
Millions of dollarsNorth
America
EMEALatin
America
AsiaTotal
Whirlpool
Ending balance December 31, 2020
$1,695 $329 $34 $438 $2,496 
Currency translation adjustment — (22)(1)(20)
Divestitures and acquisitions (1)
$— $(11)$— $20 $
Ending balance December 31, 2021
$1,695 $296 $33 $461 $2,485 
Currency translation adjustment (3)(18) (9)(30)
Divestitures and acquisitions (2)
1,137    1,137 
    Impairment (3)
$ $(278)$ $ $(278)
Ending balance December 31, 2022
$2,829 $ $33 $452 $3,314 
(1)The net change in goodwill in 2021 is due to the divestiture of Turkey manufacturing entity, deconsolidation of Whirlpool China and consolidation of Elica PB India. For additional information, see Notes 1 and 17 to the Consolidated Financial Statements.
(2)Increase in goodwill is related to the purchase of InSinkErator business. For additional information, see Note 17 to the Consolidated Financial Statements.
(3)Full impairment of EMEA goodwill recorded in the second quarter of 2022. For additional information, See Note 11 to the Consolidated Financial Statements.
Schedule of Finite-Lived Intangible Assets
The following table summarizes other intangible assets for the period presented:
December 31, 2022December 31, 2021
Millions of dollarsGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Other intangible assets, finite lives:
Customer relationships (1)
$668 $(287)$381 $443 $(334)$109 
Patents and other (2)
116 (113)3 191 (188)
Total other intangible assets, finite lives$784 $(400)$384 $634 $(522)$112 
Trademarks, indefinite lives (3)(4)(5)
2,780  2,780 1,869 — 1,869 
Total other intangible assets $3,564 $(400)$3,164 $2,503 $(522)$1,981 
(1)Customer relationships have an estimated useful life of 5 to 19 years. Includes $327 million of customer relationships, net of accumulated amortization, acquired as part of InSinkErator acquisition.
(2)Patents and other intangibles have an estimated useful life of 3 to 43 years.
(3)Impairment loss of $70 million and $36 million was recorded for Indesit and Hotpoint* trademarks, respectively, in the second quarter of 2022. In the fourth quarter of 2022, the remaining carrying value of $225 million for these trademarks was classified as held for sale.
(4)Trademarks valued at $1.3 billion were acquired as part of the InSinkErator acquisition. For additional information, see Notes 11 and 17 to the Consolidated Financial Statements.
(5)Includes Maytag and JennAir trademarks with carrying values of $1,021 million and $304 million, respectively.
Schedule of Indefinite-Lived Intangible Assets
The following table summarizes other intangible assets for the period presented:
December 31, 2022December 31, 2021
Millions of dollarsGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Other intangible assets, finite lives:
Customer relationships (1)
$668 $(287)$381 $443 $(334)$109 
Patents and other (2)
116 (113)3 191 (188)
Total other intangible assets, finite lives$784 $(400)$384 $634 $(522)$112 
Trademarks, indefinite lives (3)(4)(5)
2,780  2,780 1,869 — 1,869 
Total other intangible assets $3,564 $(400)$3,164 $2,503 $(522)$1,981 
(1)Customer relationships have an estimated useful life of 5 to 19 years. Includes $327 million of customer relationships, net of accumulated amortization, acquired as part of InSinkErator acquisition.
(2)Patents and other intangibles have an estimated useful life of 3 to 43 years.
(3)Impairment loss of $70 million and $36 million was recorded for Indesit and Hotpoint* trademarks, respectively, in the second quarter of 2022. In the fourth quarter of 2022, the remaining carrying value of $225 million for these trademarks was classified as held for sale.
(4)Trademarks valued at $1.3 billion were acquired as part of the InSinkErator acquisition. For additional information, see Notes 11 and 17 to the Consolidated Financial Statements.
(5)Includes Maytag and JennAir trademarks with carrying values of $1,021 million and $304 million, respectively.
Schedule of Future Amortization Expense
The following table summarizes our future estimated amortization expense by year. Amortization expense related to intangible assets transferred to held for sale of our European major appliance business are excluded beyond 2023.
Millions of dollars 
202343 
202427 
202524 
202624 
202724