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Stockholders' Equity
 6 Months Ended
Jun. 30, 2012
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Comprehensive Income and Stockholders’ Equity
The following table summarizes our comprehensive income for the periods presented:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
Millions of dollars
 
2012
 
2011
 
2012
 
2011
Net earnings (loss) as reported
 
$
120

 
$
(164
)
 
$
217

 
$
14

Currency translation adjustments – net
 
(195
)
 
68

 
(115
)
 
174

Cash flow hedges – net
 
(23
)
 
(30
)
 
(9
)
 
(42
)
Pension and other postretirement benefits plans – net
 
(29
)
 
86

 
(28
)
 
85

Available for sale securities
 
—

 
(6
)
 
2

 
(7
)
Comprehensive income (loss)
 
(127
)
 
(46
)
 
67

 
224

Less: Comprehensive income available to noncontrolling interests
 
5

 
8

 
12

 
10

Comprehensive income (loss) available to Whirlpool
 
$
(132
)
 
$
(54
)
 
$
55

 
$
214


The following table summarizes the changes in stockholders’ equity for the period presented:
Millions of dollars
 
Total
 
Whirlpool
Common
Stockholders
 
Noncontrolling
Interests
Stockholders’ equity, December 31, 2011
 
$
4,280

 
$
4,181

 
$
99

Net earnings
 
217

 
205

 
12

Other comprehensive income (loss)
 
(150
)
 
(150
)
 
—

Comprehensive income
 
67

 
55

 
12

Common stock
 
1

1

1

 
—

Treasury stock
 
28

 
28

 
—

Additional paid-in capital
 
26

 
26

 
—

Dividends declared on common stock
 
(84
)
 
(78
)
 
(6
)
Stockholders’ equity, June 30, 2012
 
$
4,318

 
$
4,213

 
$
105


Net Earnings per Share
Diluted net earnings per share of common stock include the dilutive effect of stock options and other share-based compensation plans. Basic and diluted net earnings 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
 
2012

2011
 
2012

2011
Numerator for basic and diluted earnings (loss) per share – net earnings (loss) available to Whirlpool
 
$
113

 
$
(161
)
 
$
205

 
$
8

Denominator for basic earnings (loss) per share – weighted-average shares
 
78.0

 
76.8

 
77.7

 
76.7

Effect of dilutive securities – stock-based compensation
 
0.8

 
—

 
1.1

 
1.4

Denominator for diluted earnings (loss) per share – adjusted weighted-average shares
 
78.8

 
76.8

 
78.8

 
78.1

Anti-dilutive stock options/awards excluded from earnings per share
 
2.9

 
3.4

 
2.9

 
2.1