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STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

The following table summarizes the changes in stockholders' equity for the periods presented:

												Whirlpool Stockholders' Equity
						Total						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Treasury Stock / Additional Paid-In-Capital						Common Stock						Non-Controlling Interest
Balances, December 31, 2022						$	2,506					$	8,261					$	(2,090)					$	(3,949)					$	114					$	170
Comprehensive income (loss)
Net earnings (loss)						(176)						(179)						—						—						—						3
Other comprehensive income						(1)						—						(1)						—						—						—
Comprehensive income (loss)						(177)						(179)						(1)						—						—						3
Stock issued (repurchased)						2						—						—						2						—						—
Dividends declared						(97)						(97)						—						—						—						—
Balances, March 31, 2023						$	2,234					$	7,985					$	(2,091)					$	(3,947)					$	114					$	173
Comprehensive income (loss)
Net earnings (loss)						87						85						—						—						—						2
Other comprehensive income						(39)						—						(39)						—						—						—
Comprehensive income (loss)						48						85						(39)						—						—						2
Stock issued (repurchased)						7						—						—						7						—						—
Dividends declared						(96)						(96)						—						—						—						—
Balances, June 30, 2023						$	2,193					$	7,974					$	(2,130)					$	(3,940)					$	114					$	175
Comprehensive income
Net earnings (loss)						85						83						—						—						—						2
Other comprehensive income						55						—						55						—						—						—
Comprehensive income						140						83						55						—						—						2
Stock issued (repurchased)						4						—						—						4						—						—
Dividends declared						(97)						(96)						—						—						—						(1)
Balances, September 30, 2023						$	2,240					$	7,961					$	(2,075)					$	(3,936)					$	114					$	176

												Whirlpool Stockholders' Equity
						Total						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Treasury Stock / Additional Paid-In-Capital						Common Stock						Non-Controlling Interest
Balances, December 31, 2021						$	5,013					$	10,170					$	(2,357)					$	(3,081)					$	114					$	167
Comprehensive income (loss)
Net earnings (loss)						316						313						—						—						—						3
Other comprehensive income						58						—						58						—						—						—
Comprehensive income (loss)						374						313						58						—						—						3
Stock issued (repurchased)						(539)						—						—						(539)						—						—
Dividends declared						(103)						(103)						—						—						—						—
Balances, March 31, 2022						$	4,745					$	10,380					$	(2,299)					$	(3,620)					$	114					$	170
Comprehensive income (loss)
Net earnings (loss)						(368)						(371)						—						—						—						3
Other comprehensive income						209						—						209						—						—						—
Comprehensive income (loss)						(159)						(371)						209						—						—						3
Stock issued (repurchased)						(280)						—						—						(280)						—						—
Dividends declared						(97)						(97)						—						—						—						—
Balances, June 30, 2022						$	4,209					$	9,912					$	(2,090)					$	(3,900)					$	114					$	173
Comprehensive income
Net earnings						145						143						—						—						—						2
Other comprehensive income						151						—						151						—						—						—
Comprehensive income						296						143						151						—						—						2
Stock issued (repurchased)						(57)						—						—						(57)						—						—
Dividends declared						(97)						(95)						—						—						—						(2)
Balances, September 30, 2022						$	4,351					$	9,960					$	(1,939)					$	(3,957)					$	114					$	173

Schedule of Other Comprehensive Income (Loss)

The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:

						Three Months Ended September 30,
						2023												2022
Millions of dollars						Pre-tax			Tax Effect			Net						Pre-tax			Tax Effect			Net
Currency translation adjustments						$	16		$	—		$	16					$	109		$	2		$	111
Cash flow hedges						52			(13)			39						28			8			36
Pension and other postretirement benefits plans						—			—			—						3			1			4
Other comprehensive income (loss)						68			(13)			55						140			11			151
Less: Other comprehensive income (loss) available to noncontrolling interests						—			—			—						—			—			—
Other comprehensive income (loss) available to Whirlpool						$	68		$	(13)		$	55					$	140		$	11		$	151

						Nine Months Ended September 30,
						2023												2022
Millions of dollars						Pre-tax			Tax Effect			Net						Pre-tax			Tax Effect			Net
Currency translation adjustments						$	43		$	—		$	43					$	368		$	6		$	374
Cash flow hedges						(39)			9			(30)						29			9			38
Pension and other postretirement benefits plans						2			—			2						9			(3)			6
Other comprehensive income (loss)						6			9			15						406			12			418
Less: Other comprehensive income (loss) available to noncontrolling interests						—			—			—						—			—			—
Other comprehensive income (loss) available to Whirlpool						$	6		$	9		$	15					$	406		$	12		$	418

Schedule of Basic and Diluted Net Earnings (Loss) Per Share

Basic and diluted net earnings (loss) per share of common stock for the periods presented were calculated as follows:

						Three Months Ended September 30,												Nine Months Ended September 30,
Millions of dollars and shares						2023						2022						2023						2022
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool						$	83					$	143					$	(10)					$	85
Denominator for basic earnings per share - weighted-average shares						55.0						54.7						54.9						56.3
Effect of dilutive securities - share-based compensation						0.3						0.3						—						0.4
Denominator for diluted earnings per share - adjusted weighted-average shares						55.3						55.0						54.9						56.7
Anti-dilutive stock options/awards excluded from earnings per share						1.0						0.7						1.0						0.5

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- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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-Topic 220
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

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-Topic 260
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-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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