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Stockholders' Equity
 6 Months Ended
Jun. 30, 2011
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
STOCKHOLDERS’ EQUITY
Comprehensive Income (Loss) and Stockholders’ Equity
The following table summarizes our comprehensive income (loss) for the periods presented:
 
 
 
Three months ended June 30,
 
Six months ended June 30,
Millions of dollars
 
2011
 
2010
 
2011
 
2010
Net earnings (loss) as reported
 
$
(164
)
 
$
215


 
$
14


 
$
389


Currency translation adjustments – net
 
68


 
(150
)
 
174


 
(229
)
Cash flow hedges – net
 
(30
)
 
(69
)
 
(42
)
 
(64
)
Pension and other postretirement benefits plans – net
 
86


 
(13
)
 
85


 
(62
)
Available for sale securities
 
(6
)
 
(13
)
 
(7
)
 
(4
)
Comprehensive income (loss)
 
(46
)
 
(30
)
 
224


 
30


Less: Comprehensive income (loss) available to noncontrolling interests
 
8


 
9


 
10


 
17


Comprehensive income (loss) available to Whirlpool
 
$
(54
)
 
$
(39
)
 
$
214


 
$
13




The following table summarizes the changes in stockholders’ equity for the six months ended:
 
Millions of dollars
 
Total
 
Whirlpool
Common
Stockholders
 
Noncontrolling
Interests
Stockholders’ equity, December 31, 2010
 
$
4,320


 
$
4,226


 
$
94


Net earnings
 
14


 
8


 
6


Other comprehensive income
 
210


 
206


 
4


Comprehensive income
 
224


 
214


 
10


Treasury stock
 
1


 
1


 
—


Additional paid-in capital
 
28


 
28


 
—


Dividends declared on common stock
 
(74
)
 
(71
)
 
(3
)
Stockholders’ equity, June 30, 2011
 
$
4,499


 
$
4,398


 
$
101






Net Earnings per Share
Diluted net earnings per share of common stock include the dilutive effect of stock options and other share-based compensation plans. Basic and diluted net earnings per share of common stock were calculated as follows:
 
 
Three months ended
 
Six months ended
 
 
June 30,
 
June 30,
Millions of dollars and shares
 
2011
 
2010
 
2011
 
2010
Numerator for basic and diluted earnings (loss) per share – net earnings (loss) available to Whirlpool
 
$
(161
)
 
$
205


 
$
8


 
$
369


Denominator for basic earnings (loss) per share – weighted-average shares
 
76.8


 
76.2


 
76.7


 
75.8


Effect of dilutive securities – stock-based compensation
 
—


 
1.5


 
1.4


 
1.5


Denominator for diluted earnings (loss) per share – adjusted weighted-average shares
 
76.8


 
77.7


 
78.1


 
77.3


Anti-dilutive stock options/awards excluded from earnings per share
 
3.4


 
0.8


 
2.1


 
1.1