STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2023

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
Comprehensive income (loss)
Net earnings (loss)	87		85		—		—		—		2
Other comprehensive income	(39)		—		(39)		—		—
Comprehensive income (loss)	48		85		(39)		—		—		2
Stock issued (repurchased)	7		—		—		7				—
Dividends declared	(96)		(96)		—		—		—		—

Balances, June 30, 2023	$	2,193	$	7,974	$	(2,130)	$	(3,940)	$	114	$	175


			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
Comprehensive income (loss)
Net earnings (loss)	(368)		(371)		—		—		—		3
Other comprehensive income	209		—		209		—		—		—
Comprehensive income (loss)	(159)		(371)		209		—		—		3
Stock issued (repurchased)	(280)		—		—		(280)		—		—
Dividends declared	(97)		(97)		—		—		—		—

Balances, June 30, 2022	$	4,209	$	9,912	$	(2,090)	$	(3,900)	$	114	$	173

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



	Three Months Ended June 30,
	2023						2022
Millions of dollars	Pre-tax		Tax Effect		Net		Pre-tax		Tax Effect		Net
Currency translation adjustments	$	27	—		$	27	$	153	1		$	154
Cash flow hedges	(75)		18		(57)		58		(18)		40
Pension and other postretirement benefits plans	(11)		2		(9)		21		(6)		15
Other comprehensive income (loss)	(59)		20		(39)		232		(23)		209
Less: Other comprehensive income (loss) available to noncontrolling interests	—		—		—		—		—		—
Other comprehensive income (loss) available to Whirlpool	$	(59)	$	20	$	(39)	$	232	$	(23)	$	209



	Six Months Ended June 30,
	2023						2022
Millions of dollars	Pre-tax		Tax Effect		Net		Pre-tax		Tax Effect		Net
Currency translation adjustments	$	26	—		$	26	$	258	4		$	262
Cash flow hedges	(91)		23		(68)		1		1		2
Pension and other postretirement benefits plans	2		—		2		6		(4)		2
Other comprehensive income (loss)	(63)		23		(40)		265		1		266
Less: Other comprehensive income (loss) available to noncontrolling interests	—		—		—		—		—		—
Other comprehensive income (loss) available to Whirlpool	$	(63)	$	23	$	(40)	$	265	$	1	$	266

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


	Three Months Ended June 30,				Six Months Ended June 30,
Millions of dollars and shares	2023		2022		2023		2022
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool	$	85	$	(371)	$	(94)	$	(58)
Denominator for basic earnings per share - weighted-average shares	55.0		56.0		54.9		57.1
Effect of dilutive securities - share-based compensation	0.2		—		—		—
Denominator for diluted earnings per share - adjusted weighted-average shares	55.2		56.0		54.9		57.1
Anti-dilutive stock options/awards excluded from earnings per share	1.2		0.6		1.0		0.5