XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 18,666 $ 18,366 $ 17,099
Expenses      
Cost of products sold 16,089 15,652 14,713
Gross margin 2,577 2,714 2,386
Selling, general and administrative 1,621 1,604 1,544
Intangible amortization 28 28 28
Restructuring costs 136 74 126
Operating profit 792 1,008 688
Other income (expense)      
Interest and sundry income (expense) (607) (197) (176)
Interest expense (213) (225) (219)
Earnings (loss) before income taxes (28) 586 293
Income tax benefit (436) (64) (61)
Net earnings 408 650 354
Less: Net earnings available to noncontrolling interests 18 31 26
Net earnings available to Whirlpool $ 390 $ 619 $ 328
Per share of common stock      
Basic net earnings available to Whirlpool $ 5.07 $ 8.12 $ 4.39
Diluted net earnings available to Whirlpool $ 4.99 $ 7.97 $ 4.34
Dividends $ 1.93 $ 1.72 $ 1.72
Weighted-average shares outstanding (in millions)      
Basic 76.8 76.2 74.6
Diluted 78.1 77.6 75.6