XML 56 R35.htm IDEA: XBRL DOCUMENT v3.24.2
ACQUISITIONS AND DIVESTITURES (Tables)
 6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The European disposal group was deconsolidated as of April 1, 2024. The following table presents the carrying amounts of the major classes of the disposal group's assets and liabilities as of June 30, 2024 and December 31, 2023, respectively.
Millions of dollarsJune 30, 2024December 31, 2023
Carrying amounts of major classes of assets
Current Assets
Cash and cash equivalents$— $97 
Accounts receivable, net of allowance of $0 and $28, respectively
— 578 
Inventories— 589 
Prepaid and other current assets— 94 
Total current assets— 1,358 
Property, net of accumulated depreciation of $0 and $1,442, respectively
— 952 
Right of use assets— 162 
Other intangibles, net of accumulated amortization of $0 and $149, respectively
— 286 
Deferred income taxes— 574 
Other noncurrent assets— 13 
Total noncurrent assets— 1,987 
Total assets$— $3,345 
Carrying amounts of major classes of liabilities
Current liabilities
Accounts payable$— $1,266 
Accrued expenses— 218 
Accrued advertising and promotions— 171 
Employee compensation— 120 
Notes payable— 4 
Other current liabilities— 97 
Total current liabilities— 1,876 
Noncurrent liabilities
Pension benefits— 168 
Lease liabilities— 132 
Other noncurrent liabilities— 87 
Total noncurrent liabilities— 387 
Total liabilities$— $2,263 
Total net assets of the disposal group classified as held for sale$— $1,082 
Assets held for sale
Fair value of consideration
$— $144 
Liabilities held for saleCumulative currency translation adjustment and Other comprehensive income on pension$— $587 
The following table summarizes MDA Europe's earnings (loss) available to Whirlpool before income taxes for the six months ended June 30, 2024 and June 30, 2023 respectively:
Six Months Ended June 30,
in millions20242023
Earnings (loss) before income taxes$(9)$12