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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The tables below summarize performance by operating segment for the periods presented:
|  | Three Months Ended March 31,
|  | OPERATING SEGMENTS
|  | North America |  | EMEA |  | Latin America |  | Asia |  | Other / Eliminations | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 2,747 |  |  | $ | 889 |  |  | $ | 757 |  |  | $ | 256 |  |  | $ | — |  | $ | 4,649 |
2022 |  | 2,791 |  |  | 1,084 |  |  | 760 |  |  | 285 |  |  | — |  | 4,920 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 58 |  |  | $ | 23 |  |  | $ | 377 |  |  | $ | 11 |  |  | $ | (469) |  | $ | — |
2022 |  | 72 |  |  | 24 |  |  | 360 |  |  | 11 |  |  | (467) |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 52 |  |  | $ | — |  |  | $ | 17 |  |  | $ | 5 |  |  | $ | 15 |  | $ | 89 |
2022 |  | 43 |  |  | 35 |  |  | 16 |  |  | 5 |  |  | 13 |  | 112 |
EBIT |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 274 |  |  | $ | 5 |  |  | $ | 39 |  |  | $ | 8 |  |  | $ | (359) |  | $ | (33) |
2022 |  | 454 |  |  | (27) |  |  | 54 |  |  | 14 |  |  | (32) |  | 463 |
Total assets |  |  |  |  |  |  |  |  |  |  |
March 31, 2023 |  | $ | 11,052 |  |  | $ | 4,990 |  |  | $ | 4,498 |  |  | $ | 1,600 |  |  | $ | (5,276) |  | $ | 16,864 |
December 31, 2022 |  | 10,913 |  |  | 5,240 |  |  | 4,343 |  |  | 1,516 |  |  | (4,888) |  | 17,124 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 47 |  |  | $ | 19 |  |  | $ | 15 |  |  | $ | 3 |  |  | $ | 12 |  | $ | 96 |
2022 |  | 30 |  |  | 12 |  |  | 23 |  |  | 6 |  |  | 16 |  | 87 |
The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
| Three Months Ended March 31, |  |
in millions | 2023 | 2022 |  |  |
Items not allocated to segments: |  |  |  |  |
Restructuring charges | $ | — |  | $ | (5) |  |  |  |
Legacy EMEA legal matters | (62) |  | — |  |  |  |
Gain (loss) on sale and disposal of businesses | (222) |  | — |  |  |  |
Corporate expenses and other | (75) |  | (27) |  |  |  |
Total other/eliminations | $ | (359) |  | $ | (32) |  |  |  |
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 March 31, |  |
in millions |  | 2023 | 2022 |  |  |
Operating profit |  | $ | 43 |  | $ | 461 |  |  |  |
Interest and sundry (income) expense |  | 77 |  | (7) |  |  |  |
Equity method investment income (loss), net of tax |  | 1 |  | (5) |  |  |  |
Total EBIT |  | $ | (33) |  | $ | 463 |  |  |  |
Interest expense |  | 75 |  | 41 |  |  |  |
Income tax expense |  | 68 |  | 106 |  |  |  |
Net earnings (loss) |  | $ | (176) |  | $ | 316 |  |  |  |
Less: Net earnings available to noncontrolling interests |  | 3 |  | 3 |  |  |  |
Net earnings (loss) available to Whirlpool |  | $ | (179) |  | $ | 313 |  |  |  |

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- 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 -Paragraph 25 -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 + Details
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