SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

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