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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our reportable segments consist of Major Domestic Appliances ("MDA") North America; MDA Latin America; MDA Asia; and Small Domestic Appliances ("SDA") Global. The MDA Europe business was deconsolidated upon the completion of the European contribution agreement transaction with Arcelik as of April 1, 2024. For additional information see Note 14 to the Consolidated Condensed Financial Statements.
The chief operating decision maker (CODM) is the Company's Chairman and Chief Executive Officer, who evaluates operational performance based on each segment's earnings (loss) before interest and taxes (EBIT). We define segment EBIT as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items, if any, that management believes are not indicative of the segment's ongoing performance. Cost of products sold is the significant expense regularly reviewed by the CODM and consists of costs associated with products sold, including but not limited to materials, labor, freight and warehousing. Other segment expenses/ (income) primarily include selling, general and administrative items. Total assets by segment are those assets directly associated with the respective operating activities. The "Other/Eliminations" column primarily includes corporate expenses, assets and eliminations, as well as restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the segment's ongoing performance. Intersegment sales are eliminated within each segment.
The table below summarizes performance by operating segment for the periods presented:
Three Months Ended March 31,
 OPERATING SEGMENTS
MDA North
America
MDA Latin AmericaMDA Asia
MDA Europe (1)
SDA GlobalOther / EliminationsTotal
Whirlpool
Net sales
2025$2,419 $737 $268 $ $196 $ $3,621 
20242,428 837 239 804 182 — 4,490 
Cost of Products Sold
2025$2,044 $631 $224 $ $118 $(3)$3,014 
20242,098 708 207 726 113 (4)3,848 
Other segment expenses/(income)
2025$226 $57 $26 $ $42 $57 $408 
2024195 64 21 87 36 326 729 
EBIT
2025$149 $49 $19 $ $36 $(53)$199 
2024135 65 11 (9)33 (322)(87)
Intersegment sales
2025$30 $330 $11 $ $ $(371)$ 
202433 303 10 23 10 (379)— 
Total assets
March 31, 2025$9,936 $3,832 $1,239 $ $1,012 $494 $16,514 
December 31, 20249,693 3,813 1,147 — 1,087 561 16,301 
Capital expenditures
2025$39 $28 $3 $ $2 $ $72 
202442 40 22 115 
Depreciation and amortization
2025$44 $16 $4 $ $4 $15 $83 
202448 18 — 14 89 
(1) MDA Europe consisted of our European major domestic appliance business which was contributed to Beko Europe as of April 1, 2024. See Note 14 to the Consolidated Condensed Financial Statements for additional information on the transaction.
The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
Three Months Ended March 31,
in millions20252024
Items not allocated to segments:
Restructuring charges$(10)$(23)
(Loss) gain on sale and disposal of businesses (247)
Corporate expenses and other(43)(52)
Total other/eliminations$(53)$(322)
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 March 31,
in millions20252024
Operating profit$184 $(116)
Interest and sundry (income) expense(32)(29)
Equity method investment income (loss), net of tax(17)— 
Total EBIT$199 $(87)
Interest expense77 90 
Income tax expense43 76 
Net earnings (loss)$79 $(253)
Less: Net earnings available to noncontrolling interests7 
Net earnings (loss) available to Whirlpool$71 $(259)