STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

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, 2024	$	2,933	$	1,311	$	(1,545)	$	2,853	$	64	$	250
Comprehensive income (loss)
Net earnings (loss)	79		71		—		—		—		7
Other comprehensive income (loss)	(112)		—		(112)		—		—		—
Comprehensive income (loss)	(34)		71		(112)		—		—		7
Stock issued (repurchased)	27		—		—		26		1		—


Dividends declared	(97)		(97)		—		—		—		—
Balances, March 31, 2025	$	2,829	$	1,285	$	(1,657)	$	2,879	$	65	$	257
Comprehensive income (loss)
Net earnings (loss)	75		65		—		—		—		9
Other comprehensive income	(247)		—		(247)		—		—		—
Comprehensive income (loss)	(173)		65		(247)		—		—		9
Stock issued (repurchased)	26		—		—		26		—		—
Dividends declared	(99)		(97)		—		—		—		(2)

Balances, June 30, 2025	$	2,583	$	1,253	$	(1,904)	$	2,905	$	65	$	264


			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, 2023	$	2,537	$	8,358	$	(2,178)	$	(3,932)	$	114	$	175
Comprehensive income (loss)
Net earnings (loss)	(253)		(259)		—		—		—		6
Other comprehensive income	3		—		3		—		—		—
Comprehensive income (loss)	(250)		(259)		3		—		—		6

Stock issued (repurchased)	(45)		—		—		(45)		—		—
Sale of minority interest in subsidiary	462		—		18		370		—		74
Dividends declared	(94)		(95)		—		—		—		1
Balances, March 31, 2024	$	2,610	$	8,004	$	(2,157)	$	(3,607)	$	114	$	256
Comprehensive income (loss)
Net earnings (loss)	225		219		—		—		—		6
Other comprehensive income	17		—		17		—		—		—
Comprehensive income (loss)	242		219		17		—		—		6
Stock issued (repurchased)	26		—		—		25		1		—
Dividends declared	(96)		(96)		—		—		—		—
Divestitures (1)	577		—		577		—		—		—
Balances, June 30, 2024	$	3,359	$	8,127	$	(1,563)	$	(3,582)	$	115	$	262

(1) Other comprehensive loss of $440 million related to currency translation and $137 million related to pension has been deconsolidated from accumulated other comprehensive income (loss) as part of deconsolidation of European major appliance business as of April 1, 2024. These amounts have been included in the loss on disposal as disclosed in FN 14.

Schedule of Other Comprehensive Income (Loss)

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



	Three Months Ended June 30,
	2025						2024
Millions of dollars	Pre-tax		Tax Effect		Net		Pre-tax		Tax Effect		Net
Currency translation adjustments	$	(217)	$	—	$	(217)	$	(23)	$	—	$	(23)
Cash flow hedges	(52)		15		(37)		44		(14)		30
Pension and other postretirement benefits plans	10		(3)		7		10		—		10
Other comprehensive income (loss)	(259)		12		(247)		31		(14)		17
Less: Other comprehensive income (loss) available to noncontrolling interests	—		—		—		—		—		—
Other comprehensive income (loss) available to Whirlpool	$	(259)	$	12	$	(247)	$	31	$	(14)	$	17



	Six Months Ended June 30,
	2025						2024
Millions of dollars	Pre-tax		Tax Effect		Net		Pre-tax		Tax Effect		Net
Currency translation adjustments	$	(299)	$	—	$	(299)	$	(51)	$	—	$	(51)
Cash flow hedges	(105)		31		(74)		76		(23)		53
Pension and other postretirement benefits plans	19		(5)		14		20		(2)		18
Other comprehensive income (loss)	(385)		26		(359)		45		(25)		20
Less: Other comprehensive income (loss) available to noncontrolling interests	—		—		—		—		—		—
Other comprehensive income (loss) available to Whirlpool	$	(385)	$	26	$	(359)	$	45	$	(25)	$	20

Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three and six months ended June 30, 2025:


	Three Months Ended		Six Months Ended
Millions of dollars	(Gain) Loss Reclassified		(Gain) Loss Reclassified		Classification in Earnings
Pension and postretirement benefits, pre-tax	$	10	$	17	Interest and sundry (income) expense


Total	$	10	$	17

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 June 30,				Six Months Ended June 30,
Millions of dollars and shares	2025		2024		2025		2024
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool	$	65	$	219	$	137	$	(40)
Denominator for basic earnings per share - weighted-average shares	55.9		54.9		55.7		54.9
Effect of dilutive securities - share-based compensation	0.2		0.1		0.2		—
Denominator for diluted earnings per share - adjusted weighted-average shares	56.1		55.0		55.9		54.9
Anti-dilutive stock options/awards excluded from earnings per share	1.2		1.8		1.2		2.0