XML 65 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
The following table summarizes goodwill attributable to our reporting units for the periods presented:
Millions of dollarsNorth
America
EMEALatin
America
AsiaTotal
Whirlpool
Ending balance December 31, 2021
$1,695 $296 $33 $461 $2,485 
Currency translation adjustment (3)(18)— (9)(30)
Divestitures and acquisitions (1)
1,137 — — — 1,137 
Impairment (2)
$— $(278)$— $— $(278)
Ending balance December 31, 2022
$2,829 $— $33 $452 $3,314 
Currency translation adjustment 1   (1) 
Divestitures and acquisitions (1)
16    16 
    Impairment $ $ $ $ $ 
Ending balance December 31, 2023
$2,846 $ $33 $451 $3,330 
(1)Increase in goodwill is related to the purchase of InSinkErator business in 2022 and related measurement period adjustment in 2023. For additional information, see Note 15 to the Consolidated Financial Statements.
(2)Full impairment of EMEA goodwill recorded in the second quarter of 2022. For additional information, See Note 10 to the Consolidated Financial Statements.
Schedule of Finite-Lived Intangible Assets
The following table summarizes other intangible assets for the period presented:
December 31, 2023December 31, 2022
Millions of dollarsGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Other intangible assets, finite lives:
Customer relationships (1)
$669 $(326)$343 $668 $(287)$381 
Patents and other (2)
115 (114)1 116 (113)
Total other intangible assets, finite lives$784 $(440)$344 $784 $(400)$384 
Trademarks, indefinite lives (3)(4)
2,780  2,780 2,780 — 2,780 
Total other intangible assets $3,564 $(440)$3,124 $3,564 $(400)$3,164 
(1)Customer relationships have an estimated useful life of 5 to 19 years. Includes $327 million of customer relationships, net of accumulated amortization, acquired as part of InSinkErator acquisition in 2022.
(2)Patents and other intangibles have an estimated useful life of 3 to 43 years.
(3)Trademarks valued at $1.3 billion were acquired as part of the InSinkErator acquisition in 2022. For additional information, see Notes 10 and 15 to the Consolidated Financial Statements.
(4)Includes InSinkErator, Maytag and JennAir trademarks with carrying values of $1.3 billion, $1.0 billion and $304 million, respectively.
Schedule of Indefinite-Lived Intangible Assets
The following table summarizes other intangible assets for the period presented:
December 31, 2023December 31, 2022
Millions of dollarsGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Other intangible assets, finite lives:
Customer relationships (1)
$669 $(326)$343 $668 $(287)$381 
Patents and other (2)
115 (114)1 116 (113)
Total other intangible assets, finite lives$784 $(440)$344 $784 $(400)$384 
Trademarks, indefinite lives (3)(4)
2,780  2,780 2,780 — 2,780 
Total other intangible assets $3,564 $(440)$3,124 $3,564 $(400)$3,164 
(1)Customer relationships have an estimated useful life of 5 to 19 years. Includes $327 million of customer relationships, net of accumulated amortization, acquired as part of InSinkErator acquisition in 2022.
(2)Patents and other intangibles have an estimated useful life of 3 to 43 years.
(3)Trademarks valued at $1.3 billion were acquired as part of the InSinkErator acquisition in 2022. For additional information, see Notes 10 and 15 to the Consolidated Financial Statements.
(4)Includes InSinkErator, Maytag and JennAir trademarks with carrying values of $1.3 billion, $1.0 billion and $304 million, respectively.
Schedule of Future Amortization Expense
The following table summarizes our future estimated amortization expense by year. Amortization expense related to intangible assets transferred to held for sale of our European major appliance business are excluded from the table below.
Millions of dollars 
202427 
202524 
202624 
202724 
202824