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Stockholders' Equity
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
Millions of dollars
 
2012
 
2011
 
2012
 
2011
Net earnings as reported
 
$
80

 
$
181

 
$
297

 
$
195

Currency translation adjustments – net
 
42

 
(269
)
 
(73
)
 
(95
)
Cash flow hedges – net
 
14

 
(35
)
 
5

 
(77
)
Pension and other postretirement benefits plans – net
 
(4
)
 
(3
)
 
(32
)
 
82

Available for sale securities
 
3

 
(3
)
 
5

 
(10
)
Comprehensive income (loss)
 
135

 
(129
)

202


95

Less: Comprehensive income (loss) available to noncontrolling interests
 
3

 
(3
)
 
15

 
7

Comprehensive income (loss) available to Whirlpool
 
$
132


$
(126
)

$
187


$
88


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
 
297

 
279

 
18

Other comprehensive income (loss)
 
(95
)
 
(92
)
 
(3
)
Comprehensive income
 
202

 
187

 
15

Common stock
 
1

 
1

 
—

Treasury stock
 
41

 
41

 
—

Additional paid-in capital
 
41

 
41

 
—

Dividends declared on common stock
 
(124
)
 
(118
)
 
(6
)
Stockholders’ equity, September 30, 2012
 
$
4,441

 
$
4,333

 
$
108


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 September 30,
 
Nine Months Ended September 30,
Millions of dollars and shares
 
2012

2011
 
2012

2011
Numerator for basic and diluted earnings per share – net earnings available to Whirlpool
 
$
74

 
$
177

 
$
279

 
$
185

Denominator for basic earnings per share – weighted-average shares
 
78.3

 
76.9

 
77.9

 
76.8

Effect of dilutive securities – stock-based compensation
 
1.0

 
1.2

 
1.1

 
1.3

Denominator for diluted earnings per share – adjusted weighted-average shares
 
79.3

 
78.1

 
79.0

 
78.1

Anti-dilutive stock options/awards excluded from earnings per share
 
2.7

 
2.5

 
2.8

 
2.1