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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Mar. 31, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity | The following table summarizes the changes in stockholders' equity for the periods presented:
|  |  |  | Whirlpool Stockholders' Equity |  |
|  | Total |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | Treasury Stock / Additional Paid-In-Capital |  | Common Stock |  | Non-Controlling Interest
Balances, December 31, 2023 |  | $ | 2,537 |  |  | $ | 8,358 |  |  | $ | (2,178) |  |  | $ | (3,932) |  |  | $ | 114 |  |  | $ | 175 |
Comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) |  | (253) |  |  | (259) |  |  | — |  |  | — |  |  | — |  |  | 6 |
Other comprehensive income |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) |  | (250) |  |  | (259) |  |  | 3 |  |  | — |  |  | — |  |  | 6 |
Stock issued (repurchased) |  | (45) |  |  | — |  |  | — |  |  | (45) |  |  | — |  |  | — |
Sale of minority interest in subsidiary |  | 462 |  |  | — |  |  | 18 |  |  | 370 |  |  | — |  |  | 74 |
Dividends declared |  | (94) |  |  | (95) |  |  | — |  |  | — |  |  | — |  |  | 1 |
Balances, March 31, 2024 |  | $ | 2,610 |  |  | $ | 8,004 |  |  | $ | (2,157) |  |  | $ | (3,607) |  |  | $ | 114 |  |  | $ | 256 |
|  |  |  | Whirlpool Stockholders' Equity |  |
|  | Total |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | Treasury Stock / Additional Paid-In-Capital |  | Common Stock |  | Non-Controlling Interest
Balances, December 31, 2022 |  | $ | 2,506 |  |  | $ | 8,261 |  |  | $ | (2,090) |  |  | $ | (3,949) |  |  | $ | 114 |  |  | $ | 170 |
Comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) |  | (176) |  |  | (179) |  |  | — |  |  | — |  |  | — |  |  | 3 |
Other comprehensive income |  | (1) |  |  | — |  |  | (1) |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) |  | (177) |  |  | (179) |  |  | (1) |  |  | — |  |  | — |  |  | 3 |
Stock issued (repurchased) |  | 2 |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |
Dividends declared |  | (97) |  |  | (97) |  |  | — |  |  | — |  |  | — |  |  | — |
Balances, March 31, 2023 |  | $ | 2,234 |  |  | $ | 7,985 |  |  | $ | (2,091) |  |  | $ | (3,947) |  |  | $ | 114 |  |  | $ | 173 |
Schedule of Other Comprehensive Income (Loss) | The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Millions of dollars |  | Pre-tax | Tax Effect | Net |  | Pre-tax | Tax Effect | Net
Currency translation adjustments |  | $ | (29) |  | $ | — |  | $ | (29) |  |  | $ | (1) |  | $ | — |  | $ | (1) |
Cash flow hedges |  | 33 |  | (9) |  | 24 |  |  | (16) |  | 5 |  | (11) |
Pension and other postretirement benefits plans |  | 10 |  | (2) |  | 8 |  |  | 13 |  | (2) |  | 11 |
Other comprehensive income (loss) |  | 14 |  | (11) |  | 3 |  |  | (4) |  | 3 |  | (1) |
Less: Other comprehensive income (loss) available to noncontrolling interests |  | — |  | — |  | — |  |  | — |  | — |  | — |
Other comprehensive income (loss) available to Whirlpool |  | $ | 14 |  | $ | (11) |  | $ | 3 |  |  | $ | (4) |  | $ | 3 |  | $ | (1) |
Schedule of Basic and Diluted Net Earnings (Loss) Per Share | Basic and diluted net earnings (loss) per share of common stock for the periods presented were calculated as follows:
|  | Three Months Ended March 31, |  |
Millions of dollars and shares |  | 2024 |  | 2023 |  |  |  |
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool |  | $ | (259) |  |  | $ | (179) |  |  |  |  |
Denominator for basic earnings per share - weighted-average shares |  | 54.9 |  |  | 54.8 |  |  |  |  |
Denominator for diluted earnings per share - adjusted weighted-average shares |  | 54.9 |  |  | 54.8 |  |  |  |  |
Anti-dilutive stock options/awards excluded from earnings per share |  | 1.2 |  |  | 0.9 |  |  |  |  |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 + Details
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