XML 83 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Our reportable segments are based upon geographic region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our operating segments. Each segment manufactures home appliances and related components, but serves strategically different marketplaces. The chief operating decision maker evaluates performance based upon each segment's earnings (loss) before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. 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, asset impairments and certain other items that management believes are not indicative of the region's ongoing performance, if any. Intersegment sales are eliminated within each region except compressor sales out of Latin America through June 30, 2019, which are included in Other/Eliminations.
Sales to Lowe's, a North American retailer, represented approximately 13%, 12% and 10% of our consolidated net sales in 2019, 2018 and 2017, respectively. Lowe's also represented approximately 14% of our consolidated accounts receivable at December 31, 2019. The Company did not have any customer with accounts receivable of more than 10% of consolidated accounts receivable at December 31, 2018.
The United States individually comprised at least 10% of consolidated net sales in 2019, 2018 and 2017 in the amounts of $10.7 billion, $10.6 billion and $10.4 billion, respectively.
The following table summarizes the countries that represent at least 10% of consolidated long-lived assets for the years ended December 31, 2019 and 2018. Long-lived assets includes property, plant and equipment and right-of-use assets at December 31, 2019 and property, plant and equipment at December 31, 2018.
Millions of dollars         
 
United States
 
Mexico
 
Italy
 
Poland
 
All Other Countries
Total
2019
 
 
 
 
 
 
 
 
 
 
 
Long-lived assets
 
$
1,816

 
$
431

 
$
505

 
$
422

 
$
1,048

$
4,222

2018
 
 
 
 
 
 
 
 
 
 
 
Long-lived assets
 
$
1,335

 
$
265

 
$
533

 
$
410

 
$
871

$
3,414


 
 
OPERATING SEGMENTS

Millions of dollars
 
North
America
 
EMEA
 
Latin
America
 
Asia
 
Other/
Eliminations
 
Total
Whirlpool
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
$
11,477

 
$
4,296


$
3,177


$
1,515


$
(46
)

$
20,419

2018
 
11,374

 
4,536

 
3,618

 
1,587

 
(78
)

21,037

2017
 
11,065

 
4,881

 
3,946

 
1,539

 
(178
)
 
21,253

Intersegment sales
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
$
238

 
$
83

 
$
1,321

 
$
334

 
$
(1,976
)

$

2018
 
267

 
101

 
1,313

 
358

 
(2,039
)


2017
 
271

 
118

 
1,273

 
289

 
(1,951
)
 

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
$
195

 
$
187

 
$
65

 
$
67

 
$
73


$
587

2018
 
196

 
204

 
111

 
72

 
62


645

2017
 
210

 
197

 
126

 
63

 
58

 
654

EBIT
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
$
1,462

 
$
(30
)
 
$
172

 
$
33

 
$
102


$
1,739

2018
 
1,342

 
(106
)
 
210

 
83

 
(1,358
)

171

2017
 
1,282

 
(19
)
 
248

 
54

 
(516
)
 
1,049

Total assets
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
$
7,791

 
$
9,450

 
$
4,226

 
$
2,581

 
$
(5,167
)
 
$
18,881

2018
 
7,161

 
7,299

 
4,745

 
2,636

 
(3,494
)
 
18,347

2017
 
6,956

 
8,781

 
4,847

 
2,745

 
(3,291
)
 
20,038

Capital expenditures
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
$
179

 
$
124

 
$
97

 
$
80

 
$
52


$
532

2018
 
180

 
154

 
110

 
71

 
75


590

2017
 
172

 
219

 
137

 
106

 
50

 
684



The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
 
Twelve Months Ended December 31,
in millions
2019
2018
2017
Items not allocated to segments:
 
 
 
Restructuring costs
$
(188
)
$
(247
)
$
(275
)
Brazil indirect tax credit
180



Product warranty and liability expense
(131
)


(Gain) loss on sale and disposal of businesses
437



Sale leaseback, real estate and receivable adjustment
86



Trade customer insolvency claim settlement
(59
)


Impairment of goodwill and intangibles

(747
)

French antitrust settlement

(103
)

Trade customer insolvency

(30
)

Out-of-period adjustment


(40
)
Divestiture related transition costs

(21
)

Corporate expenses and other
(223
)
(210
)
(201
)
Total other/eliminations
$
102

$
(1,358
)
$
(516
)

A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Statements of Income (Loss) is shown in the table below for the periods presented:
 
 
Twelve Months Ended December 31,
in millions
 
2019
2018
2017
Operating profit
 
$
1,571

$
279

$
1,136

Interest and sundry (income) expense
 
(168
)
108

87

Total EBIT
 
$
1,739

$
171

$
1,049

Interest expense
 
187

192

162

Income tax expense
 
354

138

550

Net earnings (loss)
 
$
1,198

$
(159
)
$
337

Less: Net earnings (loss) available to noncontrolling interests
 
14

24

(13
)
Net earnings (loss) available to Whirlpool
 
$
1,184

$
(183
)
$
350