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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | The tables below summarize performance by operating segment for the periods presented:
|  | Three Months Ended June 30,
|  | OPERATING SEGMENTS
|  | MDA North America |  | MDA Latin America |  | MDA Asia |  |  |  | SDA Global |  | Other / Eliminations |  | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 2,446 |  |  | $ | 806 |  |  | $ | 320 |  |  |  |  | $ | 201 |  |  | $ | — |  |  | $ | 3,773 |
2024 |  | 2,567 |  |  | 895 |  |  | 340 |  |  |  |  | 187 |  |  | — |  |  | 3,989 |
Cost of Products Sold |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 2,085 |  |  | $ | 691 |  |  | $ | 271 |  |  |  |  | $ | 121 |  |  | $ | (6) |  |  | $ | 3,162 |
2024 |  | 2,202 |  |  | 761 |  |  | 292 |  |  |  |  | 108 |  |  | — |  |  | 3,363 |
Other segment expenses/(income) |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 216 |  |  | $ | 67 |  |  | $ | 26 |  |  |  |  | $ | 45 |  |  | $ | 66 |  |  | $ | 420 |
2024 |  | 201 |  |  | 82 |  |  | 28 |  |  |  |  | 53 |  |  | 150 |  |  | 514 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 144 |  |  | $ | 48 |  |  | $ | 23 |  |  |  |  | $ | 35 |  |  | $ | (60) |  |  | $ | 190 |
2024 |  | 163 |  |  | 52 |  |  | 21 |  |  |  |  | 26 |  |  | (150) |  |  | 112 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 22 |  |  | $ | 305 |  |  | $ | 9 |  |  |  |  | $ | — |  |  | $ | (336) |  |  | $ | — |
2024 |  | 34 |  |  | 318 |  |  | 12 |  |  |  |  | 1 |  |  | (365) |  |  | — |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2025 |  | $ | 10,003 |  |  | $ | 3,826 |  |  | $ | 1,247 |  |  |  |  | $ | 1,211 |  |  | $ | 472 |  |  | $ | 16,759 |
December 31, 2024 |  | 9,693 |  |  | 3,813 |  |  | 1,147 |  |  |  |  | 1,087 |  |  | 561 |  |  | 16,301 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 36 |  |  | $ | 31 |  |  | $ | 4 |  |  |  |  | $ | 7 |  |  | $ | 4 |  |  | $ | 82 |
2024 |  | 53 |  |  | 47 |  |  | 1 |  |  |  |  | 1 |  |  | 11 |  |  | 113 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 42 |  |  | $ | 14 |  |  | $ | 5 |  |  |  |  | $ | 5 |  |  | $ | 14 |  |  | $ | 80 |
2024 |  | 42 |  |  | 14 |  |  | 4 |  |  |  |  | 5 |  |  | 16 |  |  | 81 |
|  | Six Months Ended June 30,
|  | OPERATING SEGMENTS
|  | MDA North America |  | MDA Latin America |  | MDA Asia |  | MDA Europe (1) |  | SDA Global |  | Other / Eliminations |  | Total Whirlpool
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 4,864 |  |  | $ | 1,543 |  |  | $ | 588 |  |  | $ | — |  |  | $ | 397 |  |  | $ | — |  |  | $ | 7,393 |
2024 |  | 4,994 |  |  | 1,732 |  |  | 579 |  |  | 804 |  |  | 369 |  |  | — |  |  | 8,478 |
Cost of Products Sold |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 4,129 |  |  | $ | 1,322 |  |  | $ | 495 |  |  | $ | — |  |  | $ | 239 |  |  | $ | (9) |  |  | $ | 6,176 |
2024 |  | 4,300 |  |  | 1,469 |  |  | 499 |  |  | 726 |  |  | 220 |  |  | (3) |  |  | 7,211 |
Other segment expenses/(income) |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 442 |  |  | $ | 124 |  |  | $ | 52 |  |  | $ | — |  |  | $ | 87 |  |  | $ | 122 |  |  | $ | 827 |
2024 |  | 396 |  |  | 146 |  |  | 48 |  |  | 87 |  |  | 89 |  |  | 476 |  |  | 1,242 |
EBIT |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 293 |  |  | $ | 96 |  |  | $ | 42 |  |  | $ | — |  |  | $ | 71 |  |  | $ | (112) |  |  | $ | 390 |
2024 |  | 298 |  |  | 116 |  |  | 31 |  |  | (9) |  |  | 60 |  |  | (472) |  |  | 24 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 53 |  |  | $ | 635 |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | $ | (709) |  |  | $ | — |
2024 |  | 67 |  |  | 622 |  |  | 22 |  |  | 23 |  |  | 11 |  |  | (745) |  |  | — |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2025 |  | $ | 10,003 |  |  | $ | 3,826 |  |  | $ | 1,247 |  |  | $ | — |  |  | $ | 1,211 |  |  | $ | 472 |  |  | $ | 16,759 |
December 31, 2024 |  | 9,693 |  |  | 3,813 |  |  | 1,147 |  |  | — |  |  | 1,087 |  |  | 561 |  |  | 16,301 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 75 |  |  | $ | 59 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 4 |  |  | $ | 154 |
2024 |  | 95 |  |  | 87 |  |  | 4 |  |  | 22 |  |  | 3 |  |  | 17 |  |  | 228 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 |  | $ | 86 |  |  | $ | 30 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 29 |  |  | $ | 163 |
2024 |  | 90 |  |  | 32 |  |  | 10 |  |  | — |  |  | 8 |  |  | 30 |  |  | 170 |
(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 June 30, |  | Six Months Ended June 30,
in millions | 2025 | 2024 |  | 2025 | 2024
Items not allocated to segments: |  |  |  |  |
Restructuring charges | $ | (2) |  | $ | (50) |  |  | $ | (10) |  | $ | (73) |
(Loss) gain on sale and disposal of businesses | — |  | (45) |  |  | — |  | (292) |
Corporate expenses and other | (58) |  | (55) |  |  | (102) |  | (107) |
Total other/eliminations | $ | (60) |  | $ | (150) |  |  | $ | (112) |  | $ | (472) |
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 June 30, |  | Six Months Ended June 30,
in millions |  | 2025 | 2024 |  | 2025 | 2024
Operating profit |  | $ | 204 |  | $ | 130 |  |  | $ | 389 |  | $ | 14 |
Interest and sundry (income) expense |  | (4) |  | 7 |  |  | (36) |  | (21) |
Equity method investment income (loss), net of tax |  | (18) |  | (11) |  |  | (35) |  | (11) |
Total EBIT |  | $ | 190 |  | $ | 112 |  |  | $ | 390 |  | $ | 24 |
Interest expense |  | 86 |  | 93 |  |  | 164 |  | 183 |
Income tax expense |  | 29 |  | (206) |  |  | 72 |  | (130) |
Net earnings (loss) |  | $ | 75 |  | $ | 225 |  |  | $ | 153 |  | $ | (29) |
Less: Net earnings available to noncontrolling interests |  | 9 |  | 6 |  |  | 17 |  | 11 |
Net earnings (loss) available to Whirlpool |  | $ | 65 |  | $ | 219 |  |  | $ | 137 |  | $ | (40) |

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- 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
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