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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
Three months ended
 
Dec. 31
 
Sept. 30
 
Jun. 30
 
Mar. 31
Millions of dollars, except per share data
2019(4)
2018
 
2019(3)
2018
 
2019
2018(2)
 
2019
2018
Net sales
$
5,382

$
5,660

 
$
5,091

$
5,326

 
$
5,186

$
5,140

 
$
4,760

$
4,911

Cost of products sold
4,334

4,710

 
4,350

4,431

 
4,254

4,260

 
3,948

4,099

Gross margin
1,048

950

 
741

895

 
932

880

 
812

812

Operating profit (loss)
424

309

 
693

299

 
191

(472
)
 
263

143

Interest and sundry (income) expense
54

2

 
(29
)
24

 
(63
)
90

 
(130
)
(8
)
Net earnings (loss)
288

170

 
364

216

 
72

(639
)
 
474

94

Net earnings (loss) available to Whirlpool
288

170

 
358

210

 
67

(657
)
 
471

94

 
 
 
 
 
 
 
 
 
 
 
 
Per share of common stock:(1)
 
 
 
 
 
 
 
 
 
 
 
Basic net earnings (loss)
$
4.56

$
2.66

 
$
5.62

$
3.25

 
$
1.04

$
(9.50
)
 
$
7.36

$
1.31

Diluted net earnings (loss)
4.52

2.64

 
5.57

3.22

 
1.04

(9.50
)
 
7.31

1.30

Dividends
1.20

1.15

 
1.20

1.15

 
1.20

1.15

 
1.15

1.10

(1) 
The quarterly earnings per share amounts will not necessarily add to the earnings per share computed for the year due to the method used in calculating per share data.
(2) The operating loss and net loss for the three months ended June 30, 2018 includes an impairment of goodwill and other intangibles of $747 million. The net loss for the three months ended June 30, 2018 also includes a $103 million charge related to the FCA settlement agreement. See Note 6, Note 8 and Note 11 to the Consolidated Financial Statements for additional information.
(3) The operating profit and net earnings for the three months ended September 30, 2019 includes a gain on sale and disposal of businesses of $437 million, a $180 million gain related to Brazil indirect tax credits and a $105 million charge related to product warranty expense on EMEA- produced washers. See Note 8, Note 11, Note 14 and Note 17 to the Consolidated Financial Statements for additional information.
(4) The gross margin for the three months ended December 31, 2019 includes a gain of $95 million related to the sale and leaseback transaction. See Note 1 to the Consolidated Financial Statements for additional information.