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STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity | The following table summarizes the changes in stockholders' equity for the periods presented:
|  |  |  | Whirlpool Stockholders' Equity |  |
|  | Total |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | Treasury Stock / Additional Paid-In-Capital |  | Common 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 |
Comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) |  | 75 |  |  | 65 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Other comprehensive income |  | (247) |  |  | — |  |  | (247) |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) |  | (173) |  |  | 65 |  |  | (247) |  |  | — |  |  | — |  |  | 9 |
Stock issued (repurchased) |  | 26 |  |  | — |  |  | — |  |  | 26 |  |  | — |  |  | — |
Dividends declared |  | (99) |  |  | (97) |  |  | — |  |  | — |  |  | — |  |  | (2) |
Balances, June 30, 2025 |  | $ | 2,583 |  |  | $ | 1,253 |  |  | $ | (1,904) |  |  | $ | 2,905 |  |  | $ | 65 |  |  | $ | 264 |
|  |  |  | Whirlpool Stockholders' Equity |  |
|  | Total |  | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |  | Treasury Stock / Additional Paid-In-Capital |  | Common 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) |  |  | — |  |  | — |  |  | — |  |  | 6 |
Other comprehensive income |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) |  | (250) |  |  | (259) |  |  | 3 |  |  | — |  |  | — |  |  | 6 |
Stock issued (repurchased) |  | (45) |  |  | — |  |  | — |  |  | (45) |  |  | — |  |  | — |
Sale of minority interest in subsidiary |  | 462 |  |  | — |  |  | 18 |  |  | 370 |  |  | — |  |  | 74 |
Dividends declared |  | (94) |  |  | (95) |  |  | — |  |  | — |  |  | — |  |  | 1 |
Balances, March 31, 2024 |  | $ | 2,610 |  |  | $ | 8,004 |  |  | $ | (2,157) |  |  | $ | (3,607) |  |  | $ | 114 |  |  | $ | 256 |
Comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) |  | 225 |  |  | 219 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Other comprehensive income |  | 17 |  |  | — |  |  | 17 |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) |  | 242 |  |  | 219 |  |  | 17 |  |  | — |  |  | — |  |  | 6 |
Stock issued (repurchased) |  | 26 |  |  | — |  |  | — |  |  | 25 |  |  | 1 |  |  | — |
Dividends declared |  | (96) |  |  | (96) |  |  | — |  |  | — |  |  | — |  |  | — |
Divestitures (1) |  | 577 |  |  | — |  |  | 577 |  |  | — |  |  | — |  |  | — |
Balances, June 30, 2024 |  | $ | 3,359 |  |  | $ | 8,127 |  |  | $ | (1,563) |  |  | $ | (3,582) |  |  | $ | 115 |  |  | $ | 262 |
(1) Other comprehensive loss of $440 million related to currency translation and $137 million related to pension has been deconsolidated from accumulated other comprehensive income (loss) as part of deconsolidation of European major appliance business as of April 1, 2024. These amounts have been included in the loss on disposal as disclosed in FN 14.
Schedule of Other Comprehensive Income (Loss) | The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
|  | Three Months Ended June 30,
|  | 2025 |  | 2024
Millions of dollars |  | Pre-tax | Tax Effect | Net |  | Pre-tax | Tax Effect | Net
Currency translation adjustments |  | $ | (217) |  | $ | — |  | $ | (217) |  |  | $ | (23) |  | $ | — |  | $ | (23) |
Cash flow hedges |  | (52) |  | 15 |  | (37) |  |  | 44 |  | (14) |  | 30 |
Pension and other postretirement benefits plans |  | 10 |  | (3) |  | 7 |  |  | 10 |  | — |  | 10 |
Other comprehensive income (loss) |  | (259) |  | 12 |  | (247) |  |  | 31 |  | (14) |  | 17 |
Less: Other comprehensive income (loss) available to noncontrolling interests |  | — |  | — |  | — |  |  | — |  | — |  | — |
Other comprehensive income (loss) available to Whirlpool |  | $ | (259) |  | $ | 12 |  | $ | (247) |  |  | $ | 31 |  | $ | (14) |  | $ | 17 |
|  | Six Months Ended June 30,
|  | 2025 |  | 2024
Millions of dollars |  | Pre-tax | Tax Effect | Net |  | Pre-tax | Tax Effect | Net
Currency translation adjustments |  | $ | (299) |  | $ | — |  | $ | (299) |  |  | $ | (51) |  | $ | — |  | $ | (51) |
Cash flow hedges |  | (105) |  | 31 |  | (74) |  |  | 76 |  | (23) |  | 53 |
Pension and other postretirement benefits plans |  | 19 |  | (5) |  | 14 |  |  | 20 |  | (2) |  | 18 |
Other comprehensive income (loss) |  | (385) |  | 26 |  | (359) |  |  | 45 |  | (25) |  | 20 |
Less: Other comprehensive income (loss) available to noncontrolling interests |  | — |  | — |  | — |  |  | — |  | — |  | — |
Other comprehensive income (loss) available to Whirlpool |  | $ | (385) |  | $ | 26 |  | $ | (359) |  |  | $ | 45 |  | $ | (25) |  | $ | 20 |
Schedule of 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 and six months ended June 30, 2025:
| Three Months Ended |  | Six Months Ended |
Millions of dollars | (Gain) Loss Reclassified |  | (Gain) Loss Reclassified | Classification in Earnings
Pension and postretirement benefits, pre-tax | $ | 10 |  |  | $ | 17 |  | Interest and sundry (income) expense
Total | $ | 10 |  |  | $ | 17 |  |
Schedule of Basic and Diluted Net Earnings (Loss) Per Share | Basic and diluted net earnings (loss) per share of common stock for the periods presented were calculated as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Millions of dollars and shares |  | 2025 |  | 2024 |  | 2025 |  | 2024
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool |  | $ | 65 |  |  | $ | 219 |  |  | $ | 137 |  |  | $ | (40) |
Denominator for basic earnings per share - weighted-average shares |  | 55.9 |  |  | 54.9 |  |  | 55.7 |  |  | 54.9 |
Effect of dilutive securities - share-based compensation |  | 0.2 |  |  | 0.1 |  |  | 0.2 |  |  | — |
Denominator for diluted earnings per share - adjusted weighted-average shares |  | 56.1 |  |  | 55.0 |  |  | 55.9 |  |  | 54.9 |
Anti-dilutive stock options/awards excluded from earnings per share |  | 1.2 |  |  | 1.8 |  |  | 1.2 |  |  | 2.0 |

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