XML 55 R30.htm IDEA: XBRL DOCUMENT v3.24.1.u1

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration