XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.23.1

ACQUISITIONS AND DIVESTITURES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | The following table presents the carrying amounts of the major classes of the disposal group's assets and liabilities as of March 31, 2023 and December 31, 2022, respectively.
Millions of dollars |  |  |  |  |  |  | March 31, 2023 | December 31, 2022
Carrying amounts of major classes of assets |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  | $ | 95 |  | $ | 94 |
Accounts receivable, net of allowance of $33 and $32, respectively |  |  |  |  |  |  | 792 |  | 667 |
Inventories |  |  |  |  |  |  | 673 |  | 650 |
Prepaid and other current assets |  |  |  |  |  |  | 128 |  | 145 |
Total current assets |  |  |  |  |  |  | $ | 1,688 |  | $ | 1,556 |
Property, net of accumulated depreciation of $1,666 and $1,648, respectively |  |  |  |  |  |  | $ | 854 |  | $ | 822 |
Right of use assets |  |  |  |  |  |  | 155 |  | 163 |
Other intangibles, net of accumulated amortization of $144 and $141, respectively |  |  |  |  |  |  | 282 |  | 279 |
Deferred income taxes |  |  |  |  |  |  | 619 |  | 610 |
Other noncurrent assets |  |  |  |  |  |  | 17 |  | 17 |
Total noncurrent assets |  |  |  |  |  |  | $ | 1,927 |  | $ | 1,891 |
Total assets |  |  |  |  |  |  | $ | 3,615 |  | $ | 3,447 |
Carrying amounts of major classes of liabilities |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  | $ | 1,336 |  | $ | 1,394 |
Accrued expenses |  |  |  |  |  |  | 169 |  | 152 |
Accrued advertising and promotions |  |  |  |  |  |  | 152 |  | 172 |
Employee compensation |  |  |  |  |  |  | 117 |  | 107 |
Notes payable |  |  |  |  |  |  | 6 |  | 3 |
Other current liabilities |  |  |  |  |  |  | 111 |  | 125 |
Total current liabilities |  |  |  |  |  |  | $ | 1,891 |  | $ | 1,953 |
Noncurrent liabilities |  |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  | $ | 1 |  | $ | 2 |
Pension benefits |  |  |  |  |  |  | 107 |  | 122 |
Lease liabilities |  |  |  |  |  |  | 125 |  | 131 |
Other noncurrent liabilities |  |  |  |  |  |  | 97 |  | 88 |
Total noncurrent liabilities |  |  |  |  |  |  | $ | 330 |  | $ | 343 |
Total liabilities |  |  |  |  |  |  | $ | 2,221 |  | $ | 2,296 |
Total net assets of the disposal group classified as held for sale |  |  |  |  |  |  | $ | 1,394 |  | $ | 1,151 |
Assets held for sale | Fair value of interest retained | $ | 143 |  | $ | 139 |
Liabilities held for sale | Cumulative currency translation adjustment and Other comprehensive income on pension | $ | 461 |  | $ | 490 |
The following table summarizes European major appliances business' earnings (loss) available to Whirlpool before income taxes for the three months ended March 31, 2023 and March 31, 2022 respectively:
|  | Three Months Ended March 31, |  |
in millions |  | 2023 | 2022 |  |  |  |
Earnings (loss) before income taxes |  | $ | — |  | $ | (30) |  |  |  |  |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents the preliminary allocation of purchase price related to the InSinkErator acquisition, as of March 31, 2023:
(in millions) | Amount
Cash and cash equivalents | $ | 7 |
Receivables, net | 74 |
Inventories | 93 |
Other current assets | 1 |
Property, plant and equipment, net | 174 |
Goodwill | 1,151 |
Other intangible assets | 1,630 |
Other assets | 11 |
Accounts payable | 49 |
Accrued expenses | 26 |
Other current liabilities | 34 |
Deferred income taxes | 1 |
Other long-term liabilities | 10 |
Total Estimated Purchase Consideration | $ | 3,021 |

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups + References No definition available. + Details
Name: | whr_BusinessCombinationAssetAcquisitionDiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | whr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration