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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Our reportable segments are based upon geographic region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our operating segments. Each segment manufactures home appliances and related components, but serves strategically different marketplaces. The chief operating decision maker, who is the Company's Chairman and Chief Executive Officer, evaluates performance based upon each segment's earnings (loss) before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. Total assets by segment are those assets directly associated with the respective operating activities. The "Other/Eliminations" column primarily includes corporate expenses, assets and eliminations, as well as restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. Intersegment sales are eliminated within each region. Sales to Lowe's, a North American retailer, represented approximately 13%, 14%, and 13% of our consolidated net sales in 2023, 2022 and 2021, respectively. Lowe's represented approximately 38% and 37% of our consolidated accounts receivable as of December 31, 2023 and 2022, respectively. The United States individually comprised at least 10% of consolidated net sales in 2023, 2022 and 2021 in the amounts of $10.5 billion, $10.5 billion and $11.5 billion, respectively. The following table summarizes the countries that represent at least 10% of consolidated long-lived assets for the years ended December 31, 2023 and 2022. Long-lived assets includes property, plant and equipment and right-of-use assets at December 31, 2023 and 2022.
Millions of dollars |  | United States |  | Mexico |  |  |  | All Other Countries | Total
2023 |  |  |  |  |  |  |  |  |
Long-lived assets |  | $1,829 |  | $429 |  |  |  | $698 | $2,956
Millions of dollars |  | United States |  |  |  | Mexico |  |  |  | All Other Countries | Total
2022 |  |  |  |  |  |  |  |  |  |  |
Long-lived assets |  | $1,742 |  |  |  | $389 |  |  |  | $662 | $2,793
|  | OPERATING SEGMENTS
Millions of dollars |  | North America |  | EMEA |  | Latin America |  | Asia |  | Other/ Eliminations |  | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 11,428 |  |  | $ | 3,601 |  |  | $ | 3,408 |  |  | $ | 1,018 |  |  | $ | — |  |  | $ | 19,455 |
2022 |  | 11,474 |  |  | 4,023 |  |  | 3,127 |  |  | 1,100 |  |  | — |  |  | 19,724 |
2021 |  | 12,491 |  |  | 5,088 |  |  | 3,167 |  |  | 1,239 |  |  | — |  |  | 21,985 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 210 |  |  | $ | 81 |  |  | $ | 1,530 |  |  | $ | 43 |  |  | $ | (1,864) |  |  | $ | — |
2022 |  | 261 |  |  | 85 |  |  | 1,494 |  |  | 42 |  |  | (1,882) |  |  | — |
2021 |  | 312 |  |  | 102 |  |  | 1,277 |  |  | 252 |  |  | (1,943) |  |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 212 |  |  | $ | 4 |  |  | $ | 66 |  |  | $ | 21 |  |  | $ | 58 |  |  | $ | 361 |
2022 |  | 198 |  |  | 134 |  |  | 65 |  |  | 20 |  |  | 58 |  |  | 475 |
2021 |  | 175 |  |  | 168 |  |  | 63 |  |  | 26 |  |  | 62 |  |  | 494 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 1,104 |  |  | $ | 56 |  |  | $ | 204 |  |  | $ | 27 |  |  | $ | (475) |  |  | $ | 916 |
2022 |  | 1,319 |  |  | (58) |  |  | 200 |  |  | 54 |  |  | (2,571) |  |  | (1,056) |
2021 |  | 2,220 |  |  | 100 |  |  | 265 |  |  | 66 |  |  | (152) |  |  | 2,499 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 11,061 |  |  | $ | 916 |  |  | $ | 4,861 |  |  | $ | 1,531 |  |  | $ | (1,057) |  |  | $ | 17,312 |
2022 |  | 10,913 |  |  | 5,240 |  |  | 4,343 |  |  | 1,516 |  |  | (4,888) |  |  | 17,124 |
2021 |  | 7,980 |  |  | 10,210 |  |  | 4,716 |  |  | 1,565 |  |  | (4,186) |  |  | 20,285 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | $ | 227 |  |  | $ | 107 |  |  | $ | 134 |  |  | $ | 9 |  |  | $ | 72 |  |  | $ | 549 |
2022 |  | 238 |  |  | 132 |  |  | 121 |  |  | 27 |  |  | 52 |  |  | 570 |
2021 |  | 169 |  |  | 152 |  |  | 133 |  |  | 30 |  |  | 41 |  |  | 525 |
Assets of $3.3 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 December 31, 2023 and December 31, 2022, respectively. Temporary fluctuations in regional assets have occurred 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. Assets of $3.0 billion were acquired in connection with the InSinkErator acquisition which increased the total assets of North America operating segment during the fourth quarter of 2022. For additional information, see Notes 10 and 15 to the Consolidated Financial Statements. The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
| Twelve Months Ended December 31,
in millions | 2023 | 2022 | 2021
Items not allocated to segments: |  |  |
Restructuring costs | $ | (16) |  | $ | (21) |  | $ | (38) |
Gain (loss) on previously held equity interest | — |  | — |  | 42 |
Gain (loss) on sale and disposal of businesses | (106) |  | (1,869) |  | 107 |
Impairment of goodwill, intangibles and other assets | — |  | (396) |  | — |
Product warranty and liability income (expense) | — |  | — |  | 9 |
Legacy EMEA legal matters | (94) |  | — |  | — |
Corporate expenses and other | (259) |  | (285) |  | (272) |
Total other/eliminations | $ | (475) |  | $ | (2,571) |  | $ | (152) |
A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Statements of Income (Loss) is shown in the table below for the periods presented:
|  | Twelve Months Ended December 31,
in millions |  | 2023 | 2022 | 2021
Operating profit |  | $ | 1,015 |  | $ | (1,056) |  | $ | 2,348 |
Interest and sundry (income) expense |  | 71 |  | (19) |  | (159) |
Equity method investment income (loss), net of tax |  | (28) |  | (19) |  | (8) |
Total EBIT |  | $ | 916 |  | $ | (1,056) |  | $ | 2,499 |
Interest expense |  | 351 |  | 190 |  | 175 |
Income tax expense |  | 77 |  | 265 |  | 518 |
Net earnings (loss) |  | $ | 488 |  | $ | (1,511) |  | $ | 1,806 |
Less: Net earnings (loss) available to noncontrolling interests |  | 7 |  | 8 |  | 23 |
Net earnings (loss) available to Whirlpool |  | $ | 481 |  | $ | (1,519) |  | $ | 1,783 |
Subsequent Events Effective January 1, 2024, we reorganized our operating segment structure to better represent the revised structure within our portfolio transformation, including a greater focus on our strong value-creating small domestic appliance business. The Company implemented this change to align with the Company's new operating structure, consistent with how the Company’s Chief Operating Decision Maker evaluates performance and allocates resources in accordance with ASC 280, Segment Reporting. Going forward the Company will conduct its business through five operating segments, which consist of MDA North America; MDA Europe, MDA Latin America; MDA Asia; and SDA Global. As of and for the year ended December 31, 2023, this reorganization has not yet been reflected within our financial statements. The MDA Europe business will be deconsolidated upon the completion of the European contribution agreement transaction with Arcelik, and it does not qualify for reporting as discontinued operations. For additional information see Note 15 to the Consolidated Financial Statements.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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