Operating Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Operating Segment Information

OPERATING SEGMENT INFORMATION

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance.

We identify such segments based upon geographical regions of operations because each operating segment manufactures home appliances and related components, but serves strategically different markets. The chief operating decision maker, or decision making group, evaluates performance based upon each segment’s operating profit (loss), which is defined as income before interest and sundry income (expense), interest expense, income taxes, noncontrolling interests, intangible asset impairment, and restructuring costs. Total assets by segment are those assets directly associated with the respective operating activities. The “Other/Eliminations” column primarily includes corporate expenses, assets and eliminations, as well as restructuring costs and intangible asset impairments, if any. Intersegment sales are eliminated within each region except compressor sales out of Latin America, which are included in Other/Eliminations.

The tables below summarize performance by operating segment for the periods presented:

	Three Months Ended September 30,
	OPERATING SEGMENTS
Millions of dollars	North America		Latin America		EMEA		Asia			Other/ Eliminations			Total Whirlpool
Net sales
2014	$	2,792	$	1,131	$	785	$	157		$	(41	)	$	4,824
2013	2,627		1,128		778		197			(47		)	4,683
Intersegment sales
2014	54		43		19		70			(186		)	—
2013	59		47		21		78			(205		)	—
Depreciation and amortization
2014	73		22		22		5			14			136
2013	67		21		25		5			24			142
Operating profit (loss)
2014	304		118		9		(8		)	(88		)	335
2013	289		133		—		7			(116		)	313
Total assets
September 30, 2014	8,056		3,130		2,620		1,292			610			15,708
December 31, 2013	7,785		3,380		2,955		921			503			15,544
Capital expenditures
2014	72		40		22		3			20			157
2013	63		28		19		5			22			137

	Nine Months Ended September 30,
	OPERATING SEGMENTS
Millions of dollars	North America		Latin America		EMEA			Asia		Other/ Eliminations			Total Whirlpool
Net sales
2014	$	7,798	$	3,410	$	2,251		$	534	$	(124	)	$	13,869
2013	7,453		3,547		2,177			630		(128		)	13,679
Intersegment sales
2014	169		128		68			201		(566		)	—
2013	191		132		58			195		(576		)	—
Depreciation and amortization
2014	194		66		59			16		62			397
2013	189		69		72			14		53			397
Operating profit (loss)
2014	817		328		18			1		(257		)	907
2013	769		398		(14		)	24		(282		)	895
Total assets
September 30, 2014	8,056		3,130		2,620			1,292		610			15,708
December 31, 2013	7,785		3,380		2,955			921		503			15,544
Capital expenditures
2014	187		102		70			10		53			422
2013	139		70		47			13		48			317