Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION Our reportable segments are based upon geographical 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, who is the Company's Chairman and Chief Executive Officer, evaluates performance based on 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 impairment charges 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.

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

	Three Months Ended September 30,
	OPERATING SEGMENTS
	North America		EMEA		Latin America		Asia (1)		Other / Eliminations		Total Whirlpool
Net sales
2021	$	3,113	$	1,256	$	841	$	278	$	—	$	5,488
2020	2,961		1,258		719		353		—		5,291
Intersegment sales
2021	$	89	$	30	$	327	$	47	$	(493)	$	—
2020	84		31		344		117		(576)		—
Depreciation and amortization
2021	$	43	$	39	$	17	$	4	$	16	$	119
2020	53		42		16		19		16		146
EBIT
2021	$	553	$	28	$	73	$	24	$	(48)	$	630
2020	560		43		77		6		(101)		585
Total assets
September 30, 2021	$	7,990	$	10,032	$	4,148	$	1,646	$	(3,422)	$	20,394
December 31, 2020	7,597		11,296		4,244		2,573		(5,274)		20,436
Capital expenditures
2021	$	42	$	31	$	34	$	6	$	9	$	122
2020	34		29		12		10		11		96

	Nine Months Ended September 30,
	OPERATING SEGMENTS
	North America		EMEA		Latin America		Asia (1)		Other / Eliminations		Total Whirlpool
Net sales
2021	$	9,200	$	3,676	$	2,336	$	958	$	—	$	16,170
2020	8,002		2,973		1,771		912		—		13,658
Intersegment sales
2021	$	244	$	76	$	950	$	239	$	(1,509)	$	—
2020	203		70		894		275		(1,442)		—
Depreciation and amortization
2021	$	132	$	129	$	48	$	22	$	47	$	378
2020	143		123		47		52		49		414
EBIT
2021	$	1,716	$	80	$	209	$	50	$	(62)	$	1,993
2020	1,176		(38)		119		(28)		(294)		935
Total assets
September 30, 2021	$	7,990	$	10,032	$	4,148	$	1,646	$	(3,422)	20,394
December 31, 2020	7,597		11,296		4,244		2,573		(5,274)		20,436
Capital expenditures
2021	$	107	$	78	$	77	$	18	$	26	$	306
2020	87		61		38		33		32		251

(1) Decrease in Total assets of Asia region is mainly due to the deconsolidation of Whirlpool China. For additional information, see Note 15

to the Consolidated Condensed Financial Statements.

The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
in millions	2021		2020		2021		2020
Items not allocated to segments:
Restructuring costs	$	(7)	$	(63)	$	(35)	$	(186)
Gain (loss) on previously held equity interest	42		—		42		—
Gain (loss) on sale and disposal of businesses	(13)		7		107		7
Corrective action recovery	—		13		—		13
Corporate expenses and other	(70)		(58)		(176)		(128)
Total other/eliminations	$	(48)	$	(101)	$	(62)	$	(294)

A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income (Loss) is shown in the table below for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
in millions	2021		2020		2021		2020
Operating profit	$	552	$	563	$	1,854	$	897
Interest and sundry (income) expense	(78)		(22)		(139)		(38)
Total EBIT	$	630	$	585	$	1,993	$	935
Interest expense	44		51		134		142
Income tax expense	100		141		353		231
Net earnings (loss)	$	486	$	393	$	1,506	$	562
Less: Net earnings available to noncontrolling interests	15		1		21		(14)
Net earnings (loss) available to Whirlpool	$	471	$	392	$	1,485	$	576