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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Property

The following table summarizes our property at December 31, 2023 and 2022:

Millions of dollars						2023						2022						Estimated Useful Life
Land						$	29					$	32					n/a
Buildings						893						862						10 to 50 years
Machinery and equipment						6,571						6,016						3 to 20 years
Accumulated depreciation						(5,259)						(4,808)
Property plant and equipment, net						$	2,234					$	2,102

Schedule of Equity Method Investments

The following tables summarize balances and transactions with Whirlpool China and its subsidiaries during the periods presented.

Millions of dollars									December 31, 2023						December 31, 2022
Other noncurrent assets			Carrying value of equity interest						$	187					$	201
Accounts payable			Outstanding amounts due						$	91					$	75

						Twelve Months Ended December 31,
Millions of dollars						2023						2022
Purchases from Whirlpool China						$	303					$	376

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

We adopted the following standards for the year ended December 31, 2023 which did not have a material impact on our Consolidated Financial Statements:

Standard						Effective Date
2022-04			Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations			January 1, 2023

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