XML 65 R30.htm IDEA: XBRL DOCUMENT
v3.24.0.1

GOODWILL AND OTHER INTANGIBLES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Operating Segment | The following table summarizes goodwill attributable to our reporting units for the periods presented:
Millions of dollars | North America |  | EMEA |  | Latin America |  | Asia |  | Total Whirlpool
Ending balance December 31, 2021 | $ | 1,695 |  |  | $ | 296 |  |  | $ | 33 |  |  | $ | 461 |  |  | $ | 2,485 |
Currency translation adjustment | (3) |  |  | (18) |  |  | — |  |  | (9) |  |  | (30) |
Divestitures and acquisitions (1) | 1,137 |  |  | — |  |  | — |  |  | — |  |  | 1,137 |
Impairment (2) | $ | — |  |  | $ | (278) |  |  | $ | — |  |  | $ | — |  |  | $ | (278) |
Ending balance December 31, 2022 | $ | 2,829 |  |  | $ | — |  |  | $ | 33 |  |  | $ | 452 |  |  | $ | 3,314 |
Currency translation adjustment | 1 |  |  | — |  |  | — |  |  | (1) |  |  | — |
Divestitures and acquisitions (1) | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Impairment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance December 31, 2023 | $ | 2,846 |  |  | $ | — |  |  | $ | 33 |  |  | $ | 451 |  |  | $ | 3,330 |
(1)Increase in goodwill is related to the purchase of InSinkErator business in 2022 and related measurement period adjustment in 2023. For additional information, see Note 15 to the Consolidated Financial Statements. (2)Full impairment of EMEA goodwill recorded in the second quarter of 2022. For additional information, See Note 10 to the Consolidated Financial Statements.
Schedule of Finite-Lived Intangible Assets | The following table summarizes other intangible assets for the period presented:
| December 31, 2023 |  | December 31, 2022
Millions of dollars | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Other intangible assets, finite lives: |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) | $ | 669 |  |  | $ | (326) |  |  | $ | 343 |  |  | $ | 668 |  |  | $ | (287) |  |  | $ | 381 |
Patents and other (2) | 115 |  |  | (114) |  |  | 1 |  |  | 116 |  |  | (113) |  |  | 3 |
Total other intangible assets, finite lives | $ | 784 |  |  | $ | (440) |  |  | $ | 344 |  |  | $ | 784 |  |  | $ | (400) |  |  | $ | 384 |
Trademarks, indefinite lives (3)(4) | 2,780 |  |  | — |  |  | 2,780 |  |  | 2,780 |  |  | — |  |  | 2,780 |
Total other intangible assets | $ | 3,564 |  |  | $ | (440) |  |  | $ | 3,124 |  |  | $ | 3,564 |  |  | $ | (400) |  |  | $ | 3,164 |
(1)Customer relationships have an estimated useful life of 5 to 19 years. Includes $327 million of customer relationships, net of accumulated amortization, acquired as part of InSinkErator acquisition in 2022. (2)Patents and other intangibles have an estimated useful life of 3 to 43 years. (3)Trademarks valued at $1.3 billion were acquired as part of the InSinkErator acquisition in 2022. For additional information, see Notes 10 and 15 to the Consolidated Financial Statements. (4)Includes InSinkErator, Maytag and JennAir trademarks with carrying values of $1.3 billion, $1.0 billion and $304 million, respectively.
Schedule of Indefinite-Lived Intangible Assets | The following table summarizes other intangible assets for the period presented:
| December 31, 2023 |  | December 31, 2022
Millions of dollars | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Other intangible assets, finite lives: |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) | $ | 669 |  |  | $ | (326) |  |  | $ | 343 |  |  | $ | 668 |  |  | $ | (287) |  |  | $ | 381 |
Patents and other (2) | 115 |  |  | (114) |  |  | 1 |  |  | 116 |  |  | (113) |  |  | 3 |
Total other intangible assets, finite lives | $ | 784 |  |  | $ | (440) |  |  | $ | 344 |  |  | $ | 784 |  |  | $ | (400) |  |  | $ | 384 |
Trademarks, indefinite lives (3)(4) | 2,780 |  |  | — |  |  | 2,780 |  |  | 2,780 |  |  | — |  |  | 2,780 |
Total other intangible assets | $ | 3,564 |  |  | $ | (440) |  |  | $ | 3,124 |  |  | $ | 3,564 |  |  | $ | (400) |  |  | $ | 3,164 |
(1)Customer relationships have an estimated useful life of 5 to 19 years. Includes $327 million of customer relationships, net of accumulated amortization, acquired as part of InSinkErator acquisition in 2022. (2)Patents and other intangibles have an estimated useful life of 3 to 43 years. (3)Trademarks valued at $1.3 billion were acquired as part of the InSinkErator acquisition in 2022. For additional information, see Notes 10 and 15 to the Consolidated Financial Statements. (4)Includes InSinkErator, Maytag and JennAir trademarks with carrying values of $1.3 billion, $1.0 billion and $304 million, respectively.
Schedule of Future Amortization Expense | The following table summarizes our future estimated amortization expense by year. Amortization expense related to intangible assets transferred to held for sale of our European major appliance business are excluded from the table below.
Millions of dollars |
2024 | 27 |
2025 | 24 |
2026 | 24 |
2027 | 24 |
2028 | 24 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b),(d) -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-3 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration