XML 55 R34.htm IDEA: XBRL DOCUMENT v3.24.2

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The tables below summarize performance by operating segment for the periods presented:

						Three Months Ended June 30,
						OPERATING SEGMENTS
						MDA North America						MDA Latin America						MDA Asia						MDA Europe (1)						SDA Global						Other / Eliminations						Total Whirlpool
Net sales
2024						$	2,567					$	895					$	340					$	—					$	187					$	—					$	3,989
2023						2,722						804						284						814						168						—						4,792
Intersegment sales
2024						$	34					$	318					$	12					$	—					$	1					$	(365)					$	—
2023						50						376						10						22						—						(458)						—
Depreciation and amortization
2024						$	42					$	14					$	4					$	—					$	5					$	16					$	81
2023						48						17						6						—						3						15						89
EBIT
2024						$	163					$	52					$	21					$	—					$	26					$	(150)					$	112
2023						275						49						10						14						21						(79)						290
Total assets
June 30, 2024						$	10,399					$	3,854					$	1,203					$	—					$	1,181					$	706					$	17,343
December 31, 2023						10,217						4,037						1,054						685						1,134						185						17,312
Capital expenditures
2024						$	53					$	47					$	1					$	—					$	1					$	11					$	113
2023						47						30						1						21						4						18						121

						Six Months Ended June 30,
						OPERATING SEGMENTS
						MDA North America						MDA Latin America						MDA Asia						MDA Europe (1)						SDA Global						Other / Eliminations						Total Whirlpool
Net sales
2024						$	4,994					$	1,732					$	579					$	804					$	369					$	—					$	8,478
2023						5,362						1,551						529						1,661						338						—						9,441
Intersegment sales
2024						$	67					$	622					$	22					$	23					$	11					$	(745)					$	—
2023						108						754						20						45						—						(927)						—
Depreciation and amortization
2024						$	90					$	32					$	10					$	—					$	8					$	30					$	170
2023						97						34						11						—						6						30						178
EBIT
2024						$	298					$	116					$	31					$	(9)					$	60					$	(472)					$	24
2023						542						85						17						10						39						(436)						257
Total assets
June 30, 2024						$	10,399					$	3,854					$	1,203					$	—					$	1,181					$	706					$	17,343
December 31, 2023						10,217						4,037						1,054						685						1,134						185						17,312
Capital expenditures
2024						$	95					$	87					$	4					$	22					$	3					$	17					$	228
2023						92						45						3						40						7						30						217

(1) MDA Europe consisted of our European major domestic appliance business which was contributed to Arcelik as of April 1, 2024. See Note 14 to the Consolidated Condensed Financial Statements for additional information on the transaction.

The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:

			Three Months Ended June 30,									Six Months Ended June 30,
in millions			2024			2023						2024			2023
Items not allocated to segments:
Restructuring charges			$	(50)		$	(9)					$	(73)		$	(9)
Legacy MDA Europe legal matters			—			(36)						—			(98)
(Loss) gain on sale and disposal of businesses			(45)			(18)						(292)			(240)
Corporate expenses and other			(55)			(16)						(107)			(89)
Total other/eliminations			$	(150)		$	(79)					$	(472)		$	(436)

A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income (Loss) is shown in the table below for the periods presented:

						Three Months Ended June 30,									Six Months Ended June 30,
in millions						2024			2023						2024			2023
Operating profit						$	130		$	303					$	14		$	346
Interest and sundry (income) expense						7			10						(21)			87
Equity method investment income (loss), net of tax						(11)			(3)						(11)			(2)
Total EBIT						$	112		$	290					$	24		$	257
Interest expense						93			89						183			164
Income tax expense						(206)			114						(130)			182
Net earnings (loss)						$	225		$	87					$	(29)		$	(89)
Less: Net earnings available to noncontrolling interests						6			2						11			5
Net earnings (loss) available to Whirlpool						$	219		$	85					$	(40)		$	(94)

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

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

X

- References

No definition available.

+ Details

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