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STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 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
Comprehensive income
Net earnings (loss)						76						73						—						—						—						3
Other comprehensive income						16						—						16						—						—						—
Comprehensive income						92						73						16						—						—						3
Stock issued (repurchased)						27						—						—						27						—						—
Dividends declared						(58)						(54)						—						—						—						(4)
Balances, September 30, 2025						$	2,644					$	1,272					$	(1,888)					$	2,932					$	65					$	263

												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
Comprehensive income
Net earnings						114						109						—						—						—						5
Other comprehensive income						(89)						—						(89)						—						—						—
Comprehensive income						25						109						(89)						—						—						5
Stock issued (repurchased)						26						—						—						26						—						—
Purchase of interest in subsidiary						(19)						—						—						(5)						—						(14)
Dividends declared						(98)						(96)						—						—						—						(2)
Balances, September 30, 2024						$	3,293					$	8,140					$	(1,652)					$	(3,561)					$	115					$	251

(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 Note 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 September 30,
						2025												2024
Millions of dollars						Pre-tax			Tax Effect			Net						Pre-tax			Tax Effect			Net
Currency translation adjustments						$	(1)		$	—		$	(1)					$	(84)		$	—		$	(84)
Cash flow hedges						10			—			10						(21)			6			(15)
Pension and other postretirement benefits plans						10			(3)			7						11			(1)			10
Other comprehensive income (loss)						19			(3)			16						(94)			5			(89)
Less: Other comprehensive income (loss) available to noncontrolling interests						—			—			—						—			—			—
Other comprehensive income (loss) available to Whirlpool						$	19		$	(3)		$	16					$	(94)		$	5		$	(89)

						Nine Months Ended September 30,
						2025												2024
Millions of dollars						Pre-tax			Tax Effect			Net						Pre-tax			Tax Effect			Net
Currency translation adjustments						$	(300)		$	—		$	(300)					$	(135)		$	—		$	(135)
Cash flow hedges						(94)			32			(62)						55			(17)			38
Pension and other postretirement benefits plans						29			(8)			21						32			(4)			28
Other comprehensive income (loss)						(366)			23			(343)						(48)			(21)			(69)
Less: Other comprehensive income (loss) available to noncontrolling interests						—			—			—						—			—			—
Other comprehensive income (loss) available to Whirlpool						$	(366)		$	23		$	(343)					$	(48)		$	(21)		$	(69)

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 nine months ended September 30, 2025:

			Three Months Ended						Nine Months Ended
Millions of dollars			(Gain) Loss Reclassified						(Gain) Loss Reclassified			Classification in Earnings
Pension and postretirement benefits, pre-tax			$	10					$	27		Interest and sundry (income) expense
Total			$	10					$	27

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 September 30,												Nine Months Ended September 30,
Millions of dollars and shares						2025						2024						2025						2024
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool						$	73					$	109					$	210					$	69
Denominator for basic earnings per share - weighted-average shares						56.1						55.2						55.9						55.0
Effect of dilutive securities - share-based compensation						0.4						—						0.2						—
Denominator for diluted earnings per share - adjusted weighted-average shares						56.5						55.2						56.1						55.0
Anti-dilutive stock options/awards excluded from earnings per share						1.2						1.3						1.2						1.4

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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