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ACQUISITIONS AND DIVESTITURES (Tables) | 3 Months Ended
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Mar. 31, 2024
Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | The European disposal group is classified as held for sale as of March 31, 2024 and the following table presents the carrying amounts of the major classes of the disposal group's assets and liabilities as of March 31, 2024 and December 31, 2023, respectively.
Millions of dollars |  |  |  |  |  |  | March 31, 2024 | December 31, 2023
Carrying amounts of major classes of assets |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |
Cash and cash equivalents (1) |  |  |  |  |  |  | $ | 245 |  | $ | 97 |
Accounts receivable, net of allowance of $28 and $28, respectively |  |  |  |  |  |  | 646 |  | 578 |
Inventories |  |  |  |  |  |  | 555 |  | 589 |
Prepaid and other current assets |  |  |  |  |  |  | 101 |  | 94 |
Total current assets |  |  |  |  |  |  | 1,547 |  | 1,358 |
Property, net of accumulated depreciation of $1,370 and $1,442, respectively |  |  |  |  |  |  | 952 |  | 952 |
Right of use assets |  |  |  |  |  |  | 151 |  | 162 |
Other intangibles, net of accumulated amortization of $146 and $149, respectively |  |  |  |  |  |  | 280 |  | 286 |
Deferred income taxes |  |  |  |  |  |  | 553 |  | 574 |
Other noncurrent assets |  |  |  |  |  |  | 34 |  | 13 |
Total noncurrent assets |  |  |  |  |  |  | 1,970 |  | 1,987 |
Total assets |  |  |  |  |  |  | $ | 3,517 |  | $ | 3,345 |
Carrying amounts of major classes of liabilities |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  | $ | 1,179 |  | $ | 1,266 |
Accrued expenses |  |  |  |  |  |  | 208 |  | 218 |
Accrued advertising and promotions |  |  |  |  |  |  | 122 |  | 171 |
Employee compensation |  |  |  |  |  |  | 130 |  | 120 |
Notes payable |  |  |  |  |  |  | 8 |  | 4 |
Other current liabilities |  |  |  |  |  |  | 89 |  | 97 |
Total current liabilities |  |  |  |  |  |  | 1,736 |  | 1,876 |
Noncurrent liabilities |  |  |  |  |  |  |  |
Pension benefits |  |  |  |  |  |  | 160 |  | 168 |
Lease liabilities |  |  |  |  |  |  | 121 |  | 132 |
Other noncurrent liabilities |  |  |  |  |  |  | 122 |  | 87 |
Total noncurrent liabilities |  |  |  |  |  |  | 403 |  | 387 |
Total liabilities |  |  |  |  |  |  | $ | 2,139 |  | $ | 2,263 |
Total net assets of the disposal group classified as held for sale |  |  |  |  |  |  | $ | 1,378 |  | $ | 1,082 |
Assets held for sale | Fair value of consideration | $ | 227 |  | $ | 144 |
Liabilities held for sale | Cumulative currency translation adjustment and Other comprehensive income on pension | $ | 577 |  | $ | 587 |
(1) Cash and cash equivalents of the disposal group increased due to cash retained in Europe for certain contingencies and other retained liabilities. The following table summarizes the MDA Europe's earnings (loss) available to Whirlpool before income taxes for the three months ended March 31, 2024 and March 31, 2023 respectively:
|  | Three Months Ended March 31, |  |
in millions |  | 2024 | 2023 |  |  |  |
Earnings (loss) before income taxes |  | $ | (9) |  | $ | — |  |  |  |  |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-3 + Details
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