SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2022

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 June 30,
	OPERATING SEGMENTS
	North America		EMEA		Latin America		Asia		Other / Eliminations		Total Whirlpool
Net sales
2022	$	2,964	$	1,008	$	787	$	338	$	—	$	5,097
2021	3,042		1,250		763		269		—		5,324
Intersegment sales
2022	$	92	$	24	$	404	$	11	$	(531)	$	—
2021	76		22		313		81		(492)		—
Depreciation and amortization
2022	$	42	$	35	$	16	$	5	$	16	$	114
2021	43		44		16		5		10		118
EBIT
2022	$	417	$	2	$	57	$	23	$	(785)	$	(286)
2021	557		31		74		4		53		719
Total assets
June 30, 2022	$	8,337	$	8,729	$	4,728	$	1,604	$	(5,046)	$	18,352
December 31, 2021	7,980		10,210		4,716		1,565		(4,186)		20,285
Capital expenditures
2022	$	39	$	23	$	38	$	11	$	19	$	130
2021	34		30		28		9		10		111

	Six Months Ended June 30,
	OPERATING SEGMENTS
	North America		EMEA		Latin America		Asia		Other / Eliminations		Total Whirlpool
Net sales
2022	$	5,755	$	2,092	$	1,547	$	623	$	—	$	10,017
2021	6,087		2,420		1,495		680		—		10,682
Intersegment sales
2022	$	164	$	48	$	763	$	22	$	(997)	$	—
2021	155		46		623		192		(1,016)		—
Depreciation and amortization
2022	$	85	$	70	$	32	$	10	$	29	$	226
2021	89		90		31		18		31		259
EBIT
2022	$	871	$	(25)	$	111	$	36	$	(816)	$	177
2021	1,164		52		136		26		(15)		1,363
Total assets
June 30, 2022	$	8,337	$	8,729	$	4,728	$	1,604	$	(5,046)	18,352
December 31, 2021	7,980		10,210		4,716		1,565		(4,186)		20,285
Capital expenditures
2022	$	69	$	35	$	61	$	17	$	35	$	217
2021	65		47		43		12		17		184

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

	Three Months Ended June 30,				Six Months Ended June 30,
in millions	2022		2021		2022		2021
Items not allocated to segments:
Restructuring costs	$	(5)	$	(8)	$	(10)	$	(28)
Impairment of goodwill and other intangibles	(384)		—		(384)		—
(Gain) loss on disposal of businesses	(346)		(120)		(346)		(120)
Corporate expenses and other	(50)		(59)		(76)		(107)
Total other/eliminations	$	(785)	$	53	$	(816)	$	(15)

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 June 30,				Six Months Ended June 30,
in millions	2022		2021		2022		2021
Operating profit	$	(306)	$	683	$	155	$	1,301
Interest and sundry (income) expense	(19)		(36)		(26)		(62)
Equity method investment income (loss), net of tax	1		—		(4)		—
Total EBIT	$	(286)	$	719	$	177	$	1,363
Interest expense	45		45		86		90
Income tax expense	37		94		143		253
Net earnings (loss)	$	(368)	$	580	$	(52)	$	1,020
Less: Net earnings available to noncontrolling interests	3		(1)		6		6
Net earnings (loss) available to Whirlpool	$	(371)	$	581	$	(58)	$	1,014