XML 55 R34.htm IDEA: XBRL DOCUMENT v3.24.3

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

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

						Three Months Ended September 30,
						OPERATING SEGMENTS
						MDA North America						MDA Latin America						MDA Asia						MDA Europe (1)						SDA Global						Other / Eliminations						Total Whirlpool
Net sales
2024						$	2,647					$	846					$	239					$	—					$	261					$	—					$	3,993
2023						2,766						843						219						829						269						—						4,926
Intersegment sales
2024						$	28					$	303					$	10					$	—					$	2					$	(343)					$	—
2023						59						408						11						18						—						(496)						—
Depreciation and amortization
2024						$	40					$	16					$	5					$	—					$	5					$	13					$	79
2023						45						17						5						—						3						14						84
EBIT
2024						$	194					$	58					$	7					$	—					$	37					$	(45)					$	251
2023						254						52						5						2						49						(96)						266
Total assets
September 30, 2024						$	10,254					$	3,876					$	1,176					$	—					$	1,257					$	597					$	17,160
December 31, 2023						10,217						4,037						1,054						685						1,134						185						17,312
Capital expenditures
2024						$	34					$	38					$	3					$	—					$	2					$	10					$	87
2023						41						36						3						21						2						18						121

						Nine Months Ended September 30,
						OPERATING SEGMENTS
						MDA North America						MDA Latin America						MDA Asia						MDA Europe (1)						SDA Global						Other / Eliminations						Total Whirlpool
Net sales
2024						$	7,642					$	2,578					$	818					$	804					$	629					$	—					$	12,471
2023						8,130						2,395						748						2,487						607						—						14,367
Intersegment sales
2024						$	96					$	925					$	32					$	23					$	13					$	(1,089)					$	—
2023						167						1,161						31						62						—						(1,421)						—
Depreciation and amortization
2024						$	130					$	48					$	15					$	—					$	13					$	43					$	249
2023						142						52						16						—						9						43						262
EBIT
2024						$	491					$	175					$	38					$	(9)					$	97					$	(517)					$	275
2023						795						137						23						11						89						(532)						523
Total assets
September 30, 2024						$	10,254					$	3,876					$	1,176					$	—					$	1,257					$	597					$	17,160
December 31, 2023						10,217						4,037						1,054						685						1,134						185						17,312
Capital expenditures
2024						$	129					$	125					$	7					$	22					$	5					$	27					$	315
2023						133						80						6						61						9						49						338

(1) MDA Europe consisted of our European major domestic appliance business which was contributed to Beko Europe 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 September 30,									Nine Months Ended September 30,
in millions			2024			2023						2024			2023
Items not allocated to segments:
Restructuring charges			$	(8)		$	(5)					$	(81)		$	(14)
Legacy MDA Europe legal matters			—			—						—			(98)
(Loss) gain on sale and disposal of businesses			32			(46)						(260)			(286)
Corporate expenses and other			(69)			(45)						(176)			(134)
Total other/eliminations			$	(45)		$	(96)					$	(517)		$	(532)

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 September 30,									Nine Months Ended September 30,
in millions						2024			2023						2024			2023
Operating profit						$	265		$	257					$	279		$	603
Interest and sundry (income) expense						(6)			(10)						(27)			77
Equity method investment income (loss), net of tax						(20)			(1)						(31)			(3)
Total EBIT						$	251		$	266					$	275		$	523
Interest expense						92			95						275			259
Income tax expense						45			86						(85)			268
Net earnings (loss)						$	114		$	85					$	85		$	(4)
Less: Net earnings available to noncontrolling interests						5			2						16			6
Net earnings (loss) available to Whirlpool						$	109		$	83					$	69		$	(10)

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