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STOCKHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
The following table summarizes the changes in stockholders' equity for the periods presented:
  Whirlpool Stockholders' Equity 
 TotalRetained
Earnings
Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock
Non-Controlling Interest
Balances, December 31, 2024$2,933 $1,311 $(1,545)$2,853 $64 $250 
Comprehensive income (loss)
Net earnings (loss)79 71    7 
Other comprehensive income (loss)(112) (112)   
Comprehensive income (loss)(34)71 (112)  7 
Stock issued (repurchased)27   26 1  
Dividends declared(97)(97)    
Balances, March 31, 2025$2,829 $1,285 $(1,657)$2,879 $65 $257 

  Whirlpool Stockholders' Equity 
 TotalRetained
Earnings
Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock
Non-Controlling Interest
Balances, December 31, 2023$2,537 $8,358 $(2,178)$(3,932)$114 $175 
Comprehensive income (loss)
Net earnings (loss)(253)(259)— — — 
Other comprehensive income— — — — 
Comprehensive income (loss)(250)(259)— — 
Stock issued (repurchased)(45)— — (45)— — 
Sale of minority interest in subsidiary462 — 18 370 — 74 
Dividends declared(94)(95)— — — 
Balances, March 31, 2024$2,610 $8,004 $(2,157)$(3,607)$114 $256 
Other Comprehensive Income (Loss)
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
Three Months Ended March 31,
20252024
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$(82)$ $(82)$(29)$— $(29)
Cash flow hedges(53)16 (37)33 (9)24 
Pension and other postretirement benefits plans9 (2)7 10 (2)
Other comprehensive income (loss)(126)14 (112)14 (11)
Less: Other comprehensive income (loss) available to noncontrolling interests   — — — 
Other comprehensive income (loss) available to Whirlpool$(126)$14 $(112)$14 $(11)$
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three months ended March 31, 2025:
Three Months Ended
Millions of dollars(Gain) Loss ReclassifiedClassification in Earnings
Pension and postretirement benefits, pre-tax$7 Interest and sundry (income) expense
Total$7 
Net earnings (loss) per Share
Diluted net earnings (loss) per share of common stock include the dilutive effect of stock options and other share-based compensation plans. Basic and diluted net earnings (loss) per share of common stock for the periods presented were calculated as follows:
Three Months Ended March 31,
Millions of dollars and shares20252024
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool$71 $(259)
Denominator for basic earnings per share - weighted-average shares55.6 54.9 
Effect of dilutive securities - share-based compensation0.2 — 
Denominator for diluted earnings per share - adjusted weighted-average shares55.8 54.9 
Anti-dilutive stock options/awards excluded from earnings per share1.2 1.2 
Share Repurchase Program
On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $2 billion in share repurchases under the Company's ongoing share repurchase program. During the three months ended March 31, 2025, we did not repurchase any shares under the share repurchase program. At March 31, 2025, there were approximately $2.5 billion in remaining funds authorized under this program.
Share repurchases are made from time to time on the open market as conditions warrant. The program does not obligate us to repurchase any of our shares and has no expiration date.