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ACQUISITIONS AND DIVESTITURES (Tables)
 3 Months Ended
Mar. 31, 2024
Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The European disposal group is classified as held for sale as of March 31, 2024 and the following table presents the carrying amounts of the major classes of the disposal group's assets and liabilities as of March 31, 2024 and December 31, 2023, respectively.

Millions of dollarsMarch 31, 2024December 31, 2023
Carrying amounts of major classes of assets
Current Assets
Cash and cash equivalents (1)
$245 $97 
Accounts receivable, net of allowance of $28 and $28, respectively
646 578 
Inventories555 589 
Prepaid and other current assets101 94 
Total current assets1,547 1,358 
Property, net of accumulated depreciation of $1,370 and $1,442, respectively
952 952 
Right of use assets151 162 
Other intangibles, net of accumulated amortization of $146 and $149, respectively
280 286 
Deferred income taxes553 574 
Other noncurrent assets34 13 
Total noncurrent assets1,970 1,987 
Total assets$3,517 $3,345 
Carrying amounts of major classes of liabilities
Current liabilities
Accounts payable$1,179 $1,266 
Accrued expenses208 218 
Accrued advertising and promotions122 171 
Employee compensation130 120 
Notes payable8 4 
Other current liabilities89 97 
Total current liabilities1,736 1,876 
Noncurrent liabilities
Pension benefits160 168 
Lease liabilities121 132 
Other noncurrent liabilities122 87 
Total noncurrent liabilities403 387 
Total liabilities$2,139 $2,263 
Total net assets of the disposal group classified as held for sale$1,378 $1,082 
Assets held for sale
Fair value of consideration
$227 $144 
Liabilities held for saleCumulative currency translation adjustment and Other comprehensive income on pension$577 $587 
(1) Cash and cash equivalents of the disposal group increased due to cash retained in Europe for certain contingencies and other retained liabilities.
The following table summarizes the MDA Europe's earnings (loss) available to Whirlpool before income taxes for the three months ended March 31, 2024 and March 31, 2023 respectively:
Three Months Ended March 31,
in millions20242023
Earnings (loss) before income taxes$(9)$—