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ACQUISITIONS AND DIVESTITURES (Tables)
12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations The following table presents the carrying amounts of the major classes of the disposal group's assets and liabilities as of December 31, 2024 and 2023, respectively.
December 31,
Millions of dollars20242023
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 $149, respectively
 286 
Deferred income taxes 574 
Other noncurrent assets 13 
Total noncurrent assets 1,987 
Total assets$ $3,345 
Carrying amounts of major classes of liabilities
Current liabilities
Accounts payable$ $1,266 
Accrued expenses 218 
Accrued advertising and promotions 171 
Employee compensation 120 
Notes payable 
Other current liabilities 97 
Total current liabilities 1,876 
Noncurrent liabilities
Pension benefits 168 
Lease liabilities 132 
Other noncurrent liabilities 87 
Total noncurrent liabilities 387 
Total liabilities$ $2,263 
Total net assets of the disposal group classified as held for sale$ $1,082 
Assets held for saleFair value of interest retained$ $144 
Liabilities held for saleCumulative currency translation adjustment and Other comprehensive income on pension$ $587 
The following table summarizes the European major appliances business' earnings (loss) available to Whirlpool before income taxes for the twelve months ended December 31, 2024, 2023 and 2022, respectively:
Twelve Months Ended December 31,
in millions202420232022
Earnings (loss) before income taxes$(9)$28$(106)