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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,958 $ 3,044
Accounts receivable, net of allowance of $49 and $98, respectively 1,555 3,100
Inventories 2,089 2,717
Prepaid and other current assets 653 834
Assets held for sale 139 0
Total current assets 6,394 9,695
Property, net of accumulated depreciation of $4,808 and $6,619, respectively 2,102 2,805
Right of use assets 691 946
Goodwill 3,314 2,485
Other intangibles, net of accumulated amortization of $400 and $522, respectively 3,164 1,981
Deferred income taxes 1,063 1,920
Other noncurrent assets 396 453
Total assets 17,124 20,285
Current liabilities    
Accounts payable 3,376 5,413
Accrued expenses 481 609
Accrued advertising and promotions 623 854
Employee compensation 159 576
Notes payable 4 10
Current maturities of long-term debt 248 298
Other current liabilities 550 750
Liabilities held for sale 490 0
Total current liabilities 5,931 8,510
Noncurrent liabilities    
Long-term debt 7,363 4,929
Pension benefits 184 378
Postretirement benefits 96 142
Lease liabilities 584 794
Other noncurrent liabilities 460 519
Total noncurrent liabilities 8,687 6,762
Stockholders' equity    
Common stock, $1 par value, 250 million shares authorized, 114 million and 114 million shares issued, respectively, and 54 million and 59 million shares outstanding, respectively 114 114
Additional paid-in capital 3,061 3,025
Retained earnings 8,261 10,170
Accumulated other comprehensive loss (2,090) (2,357)
Treasury stock, 60 million and 55 million shares, respectively (7,010) (6,106)
Total Whirlpool stockholders' equity 2,336 4,846
Noncontrolling interests 170 167
Total stockholders' equity 2,506 5,013
Total liabilities and stockholders' equity $ 17,124 $ 20,285