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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2023
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 |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 2,977 |  |  | $ | 863 |  |  | $ | 857 |  |  | $ | 229 |  |  | $ | — |  |  | $ | 4,926 |
2022 |  | 2,873 |  |  | 903 |  |  | 750 |  |  | 258 |  |  | — |  |  | 4,784 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 59 |  |  | $ | 18 |  |  | $ | 408 |  |  | $ | 11 |  |  | $ | (496) |  |  | $ | — |
2022 |  | 65 |  |  | 18 |  |  | 380 |  |  | 11 |  |  | (474) |  |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 48 |  |  | $ | 1 |  |  | $ | 18 |  |  | $ | 5 |  |  | $ | 12 |  |  | $ | 84 |
2022 |  | 42 |  |  | 41 |  |  | 17 |  |  | 4 |  |  | 14 |  |  | 118 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 298 |  |  | $ | 1 |  |  | $ | 54 |  |  | $ | 5 |  |  | $ | (92) |  |  | $ | 266 |
2022 |  | 282 |  |  | (28) |  |  | 40 |  |  | 12 |  |  | (68) |  |  | 238 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2023 |  | $ | 11,315 |  |  | $ | 1,967 |  |  | $ | 4,757 |  |  | $ | 1,534 |  |  | $ | (2,684) |  |  | $ | 16,889 |
December 31, 2022 |  | 10,913 |  |  | 5,240 |  |  | 4,343 |  |  | 1,516 |  |  | (4,888) |  |  | 17,124 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 43 |  |  | $ | 22 |  |  | $ | 36 |  |  | $ | 2 |  |  | $ | 18 |  |  | $ | 121 |
2022 |  | 35 |  |  | 27 |  |  | 32 |  |  | 6 |  |  | 17 |  |  | 117 |
|  | Nine Months Ended September 30,
|  | OPERATING SEGMENTS
|  | North America |  | EMEA |  | Latin America |  | Asia |  | Other / Eliminations |  | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 8,547 |  |  | $ | 2,606 |  |  | $ | 2,434 |  |  | $ | 780 |  |  | $ | — |  |  | $ | 14,367 |
2022 |  | 8,629 |  |  | 2,995 |  |  | 2,297 |  |  | 880 |  |  | — |  |  | 14,801 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 167 |  |  | $ | 62 |  |  | $ | 1,161 |  |  | $ | 31 |  |  | $ | (1,421) |  |  | $ | — |
2022 |  | 228 |  |  | 66 |  |  | 1,143 |  |  | 33 |  |  | (1,470) |  |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 151 |  |  | $ | 1 |  |  | $ | 52 |  |  | $ | 16 |  |  | $ | 42 |  |  | $ | 262 |
2022 |  | 127 |  |  | 111 |  |  | 49 |  |  | 14 |  |  | 43 |  |  | 344 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 862 |  |  | $ | 23 |  |  | $ | 146 |  |  | $ | 25 |  |  | $ | (533) |  |  | $ | 523 |
2022 |  | 1,153 |  |  | (53) |  |  | 151 |  |  | 48 |  |  | (884) |  |  | 415 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2023 |  | $ | 11,315 |  |  | $ | 1,967 |  |  | $ | 4,757 |  |  | $ | 1,534 |  |  | $ | (2,684) |  |  | $ | 16,889 |
December 31, 2022 |  | 10,913 |  |  | 5,240 |  |  | 4,343 |  |  | 1,516 |  |  | (4,888) |  |  | 17,124 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 139 |  |  | $ | 63 |  |  | $ | 81 |  |  | $ | 6 |  |  | $ | 49 |  |  | $ | 338 |
2022 |  | 104 |  |  | 62 |  |  | 93 |  |  | 23 |  |  | 52 |  |  | 334 |
Assets of $3.4 billion and $3.4 billion associated with our European major domestic appliance business has been classified as assets held for sale and recorded at fair value less costs to sell at September 30, 2023 and December 31, 2022, respectively. Temporary fluctuations in regional assets are expected throughout the remainder of 2023 due to intercompany activity required by the expected contribution of the European major domestic appliance business. These changes are eliminated at the total entity level. See Note 13 to the Consolidated Condensed Financial Statements for additional information on the transaction. 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 | 2023 | 2022 |  | 2023 | 2022
Items not allocated to segments: |  |  |  |  |
Restructuring charges | $ | (5) |  | $ | (3) |  |  | $ | (14) |  | $ | (13) |
Legacy EMEA legal matters | — |  | — |  |  | (98) |  | — |
Impairment of goodwill and other intangibles | — |  | — |  |  | — |  | (384) |
Gain (loss) on sale and disposal of businesses | (46) |  | (2) |  |  | (286) |  | (348) |
Corporate expenses and other | (41) |  | (63) |  |  | (135) |  | (139) |
Total other/eliminations | $ | (92) |  | $ | (68) |  |  | $ | (533) |  | $ | (884) |
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 |  | 2023 | 2022 |  | 2023 | 2022
Operating profit |  | $ | 257 |  | $ | 221 |  |  | $ | 603 |  | $ | 376 |
Interest and sundry (income) expense |  | (10) |  | (19) |  |  | 77 |  | (45) |
Equity method investment income (loss), net of tax |  | (1) |  | (2) |  |  | (3) |  | (6) |
Total EBIT |  | $ | 266 |  | $ | 238 |  |  | $ | 523 |  | $ | 415 |
Interest expense |  | 95 |  | 40 |  |  | 259 |  | 126 |
Income tax expense |  | 86 |  | 53 |  |  | 268 |  | 196 |
Net earnings (loss) |  | $ | 85 |  | $ | 145 |  |  | $ | (4) |  | $ | 93 |
Less: Net earnings available to noncontrolling interests |  | 2 |  | 2 |  |  | 6 |  | 8 |
Net earnings (loss) available to Whirlpool |  | $ | 83 |  | $ | 143 |  |  | $ | (10) |  | $ | 85 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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