SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2022

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.

Sales to Lowe's, a North American retailer, represented approximately 14%, 13%, and 13% of our consolidated net sales in 2022, 2021 and 2020, respectively. Lowe's represented approximately 37% and 21% of our consolidated accounts receivable as of December 31, 2022 and 2021, respectively. The proportional increase in Lowe's accounts receivable balance is due to a decrease in consolidated accounts receivable driven by European major domestic appliance business reclassified as held for sale. Lowe's accounts receivable has decreased by 9% from the prior year.

The United States individually comprised at least 10% of consolidated net sales in 2022, 2021 and 2020 in the amounts of $10.5 billion, $11.5 billion and $10.3 billion, respectively.

The following table summarizes the countries that represent at least 10% of consolidated long-lived assets for the years ended December 31, 2022 and 2021. Long-lived assets includes property, plant and equipment and right-of-use assets at December 31, 2022 and 2021. Long-lived assets of $985 million of our European major appliance business have been transferred to assets held for sale in the fourth quarter of 2022.

Millions of dollars	United States	Mexico	All Other Countries	Total
2022
Long-lived assets	$1,742	$389	$662	$2,793

Millions of dollars	United States	Italy	Mexico	Poland	All Other Countries	Total
2021
Long-lived assets	$1,758	$473	$408	$389	$723	$3,751

	OPERATING SEGMENTS
Millions of dollars	North America		EMEA		Latin America		Asia		Other/ Eliminations		Total Whirlpool
Net sales
2022	$	11,474	$	4,023	$	3,127	$	1,100	$	—	$	19,724
2021	12,491		5,088		3,167		1,239		—		21,985
2020	11,210		4,389		2,592		1,265		—		19,456
Intersegment sales
2022	$	261	$	85	$	1,494	$	42	$	(1,882)	$	—
2021	312		102		1,277		252		(1,943)		—
2020	249		93		1,227		379		(1,948)		—
Depreciation and amortization
2022	$	198	$	134	$	65	$	20	$	58	$	475
2021	175		168		63		26		62		494
2020	193		177		62		70		66		568
EBIT
2022	$	1,319	$	(58)	$	200	$	54	$	(2,571)	$	(1,056)
2021	2,220		100		265		66		(152)		2,499
2020	1,758		2		219		(7)		(336)		1,636
Total assets
2022	$	10,913	$	5,240	$	4,343	$	1,516	$	(4,888)	$	17,124
2021	7,980		10,210		4,716		1,565		(4,186)		20,285
2020	7,597		11,296		4,244		2,573		(5,274)		20,436
Capital expenditures
2022	$	238	$	132	$	121	$	27	$	52	$	570
2021	169		152		133		30		41		525
2020	137		116		64		50		43		410

Assets of $3.4 billion associated with our European major domestic appliance business have been classified as assets held for sale in the fourth quarter of 2022. Remaining assets of the EMEA operating segment primarily consist of intercompany loans from other Whirlpool entities which eliminate at total Whirlpool level and assets of the small domestic appliance business.

Assets of $3.0 billion were acquired in connection with the InSinkErator acquisition which increased the total assets of North America operating segment during the fourth quarter of 2022.

For additional information, see Notes 11 and 17 to the Consolidated Financial Statements.

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	2022		2021		2020
Items not allocated to segments:
Restructuring costs	$	(21)	$	(38)	$	(288)
Gain (loss) on previously held equity interest	—		42		—
Gain (loss) on sale and disposal of businesses	(1,869)		107		7
Impairment of goodwill, intangibles and other assets	(396)		—		—
Product warranty and liability income (expense)	—		9		30
Corrective action recovery	—		—		14
Sale-leaseback, real estate and receivable adjustment	—		—		113
Corporate expenses and other	(285)		(272)		(212)
Total other/eliminations	$	(2,571)	$	(152)	$	(336)

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	2022		2021		2020
Operating profit	$	(1,056)	$	2,348	$	1,615
Interest and sundry (income) expense	(19)		(159)		(21)
Equity method investment income (loss), net of tax	(19)		(8)		—
Total EBIT	$	(1,056)	$	2,499	$	1,636
Interest expense	190		175		189
Income tax expense	265		518		382
Net earnings (loss)	$	(1,511)	$	1,806	$	1,065
Less: Net earnings (loss) available to noncontrolling interests	8		23		(10)
Net earnings (loss) available to Whirlpool	$	(1,519)	$	1,783	$	1,075