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Stockholders' Equity
 6 Months Ended
Jun. 30, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY
The following table summarizes the changes in stockholders' equity for the periods presented:
  Whirlpool Stockholders' Equity 
 TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock
Non-Controlling Interest (1)
Balances, December 31, 2020$4,795 $8,725 $(2,811)$(2,142)$113 $910 
Comprehensive income
Net earnings440 433 — — — 7 
Other comprehensive income 124 — 124 — — — 
Comprehensive income564 433 124 — — 7 
Stock issued (repurchased)(141)— — (141)— — 
Dividends declared(79)(79)— — — — 
Balances, March 31, 20215,139 9,079 (2,687)(2,283)113 917 
Comprehensive income
Net earnings580 581 — — — (1)
Other comprehensive income 229 — 228 — — 1 
Comprehensive income809 581 228 — — — 
Stock issued (repurchased)8 — — 7 1 — 
Dividends declared(88)(88)— — — — 
Divestitures(783)— — — — (783)
Balances, June 30, 20215,085 9,572 (2,459)(2,276)114 134 
(1)Decrease of $783 million in noncontrolling interest is mainly due to the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.
  Whirlpool Stockholders' Equity 
 TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock		Non-Controlling Interest
Balances, December 31, 2019$4,210 $7,962 $(2,618)$(2,169)$112 $923 
Comprehensive income
Net earnings149 154 — — — (5)
Other comprehensive income(95)— (97)— — 2 
Comprehensive income54 154 (97)— — (3)
Stock issued (repurchased)(115)— — (115)— — 
Dividends declared(75)(75)— — — — 
Balances, March 31, 2020$4,074 $8,041 $(2,715)$(2,284)$112 $920 
Comprehensive income
Net earnings20 30 — — — (10)
Other comprehensive income(16)— (16)— — — 
Comprehensive income4 30 (16)— — (10)
Stock issued (repurchased)19 — — 19 — — 
Dividends declared(83)(80)— — — (3)
Balances, June 30, 20204,014 7,991 (2,731)(2,265)112 907 
Other Comprehensive Income (Loss)
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
Three Months Ended June 30,
20212020
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments (2)
$219 $5 $224 $(61)7 $(54)
Cash flow hedges(18)6 (12)7 (3)4 
Pension and other postretirement benefits plans23 (6)17 46 (12)34 
Other comprehensive income (loss)224 5 229 (8)(8)(16)
Less: Other comprehensive income (loss) available to noncontrolling interests1 — 1 — — — 
Other comprehensive income (loss) available to Whirlpool$223 $5 $228 $(8)$(8)$(16)
Six Months Ended June 30,
20212020
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments (2)
$327 $(1)$326 $(233)$(17)$(250)
Cash flow hedges8 (6)2 118 (26)92 
Pension and other postretirement benefits plans33 (8)25 62 (15)47 
Other comprehensive income (loss)368 (15)353 (53)(58)(111)
Less: Other comprehensive income (loss) available to noncontrolling interests1 — 1 2 — 2 
Other comprehensive income (loss) available to Whirlpool$367 $(15)$352 $(55)$(58)$(113)
(2)Currency translation adjustments includes net investment hedges.
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three and six months ended June 30, 2021:
Three Months EndedSix Months Ended
Millions of dollars(Gain) Loss Reclassified(Gain) Loss ReclassifiedClassification in Earnings
Pension and postretirement benefits, pre-tax$15 $25 Interest and sundry (income) expense
Currency translation related to divestitures$(198)$(198)(Gain) loss on sale and disposal of businesses
Total$(183)$(173)
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 shares2021202020212020
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool$581 $30 $1,014 $184 
Denominator for basic earnings per share - weighted-average shares62.9 62.4 63.0 62.6 
Effect of dilutive securities - share-based compensation0.6 0.3 0.5 0.4 
Denominator for diluted earnings per share - adjusted weighted-average shares63.5 62.7 63.5 63.0 
Anti-dilutive stock options/awards excluded from earnings per share0.1 2.3 0.1 2.1 
Share Repurchase Program
On July 25, 2017, our Board of Directors authorized a share repurchase program of up to $2 billion. On April 19, 2021, our Board of Directors authorized an additional share repurchase program of up to $2 billion, which has no expiration date. During the six months ended June 30, 2021, we repurchased 981,676 shares under these share repurchase programs at an aggregate price of approximately $200 million. At June 30, 2021, there were approximately $2.3 billion in remaining funds authorized under this program.
Share repurchases are made from time to time on the open market as conditions warrant. The programs do not obligate us to repurchase any of our shares and have no expiration date.