STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

The following table summarizes the changes in stockholders' equity for the periods presented:

			Whirlpool Stockholders' Equity
	Total		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Treasury Stock / Additional Paid-In-Capital		Common Stock		Non-Controlling Interest
Balances, December 31, 2022	$	2,506	$	8,261	$	(2,090)	$	(3,949)	$	114	$	170
Comprehensive income (loss)
Net earnings (loss)	(176)		(179)		—		—		—		3
Other comprehensive income	(1)		—		(1)		—		—		—
Comprehensive income (loss)	(177)		(179)		(1)		—		—		3
Stock issued (repurchased)	2		—		—		2		—		—
Dividends declared	(97)		(97)		—		—		—		—
Balances, March 31, 2023	2,234		7,985		(2,091)		(3,947)		114		173

			Whirlpool Stockholders' Equity
	Total		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Treasury Stock / Additional Paid-In-Capital		Common Stock		Non-Controlling Interest
Balances, December 31, 2021	$	5,013	$	10,170	$	(2,357)	$	(3,081)	$	114	$	167
Comprehensive income (loss)
Net earnings (loss)	316		313		—		—		—		3
Other comprehensive income	58		—		58		—		—		—
Comprehensive income (loss)	374		313		58		—		—		3
Stock issued (repurchased)	(539)		—		—		(539)		—		—
Dividends declared	(103)		(103)		—		—		—		—
Balances, March 31, 2022	$	4,745	$	10,380	$	(2,299)	$	(3,620)	$	114	$	170

Schedule of Other Comprehensive Income

The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:

	Three Months Ended March 31,
	2023						2022
Millions of dollars	Pre-tax		Tax Effect		Net		Pre-tax		Tax Effect		Net
Currency translation adjustments	$	(1)	—		$	(1)	$	105	3		$	108
Cash flow hedges	(16)		5		(11)		(56)		19		(37)
Pension and other postretirement benefits plans	13		(2)		11		(15)		2		(13)
Other comprehensive income (loss)	(4)		3		(1)		34		24		58
Less: Other comprehensive income (loss) available to noncontrolling interests	—		—		—		—		—		—
Other comprehensive income (loss) available to Whirlpool	$	(4)	$	3	$	(1)	$	34	$	24	$	58

Schedule of Basic and Diluted Net Earnings (Loss) Per Share

Basic and diluted net earnings (loss) per share of common stock for the periods presented were calculated as follows:

	Three Months Ended March 31,
Millions of dollars and shares	2023		2022
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool	$	(179)	$	313
Denominator for basic earnings per share - weighted-average shares	54.8		58.3
Effect of dilutive securities - share-based compensation	—		0.4
Denominator for diluted earnings per share - adjusted weighted-average shares	54.8		58.7
Anti-dilutive stock options/awards excluded from earnings per share	0.9		0.3