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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
The following table summarizes the changes in stockholders' equity for the periods presented:
Whirlpool Stockholders' Equity
TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
Stock		Mandatory Convertible Preferred StockNon-Controlling Interest
Balances, December 31, 2025$2,715 $1,330 $(1,624)$2,955 $65 $— $(11)
Comprehensive income (loss)
Net earnings (loss)(82)(82)— — — — — 
Other comprehensive income (loss)99 — 99 — — — — 
Comprehensive income (loss)17 (82)99 — — — — 
Stock issued (repurchased)(1)
1,102 — — 1,093 8 1 — 
Dividends accumulated on Mandatory convertible preferred stock
(4)(4)— — — — — 
Dividends declared on common stock(58)(58)— — — — — 
Balances, March 31, 2026$3,772 $1,187 $(1,525)$4,048 $73 $1 $(11)
Comprehensive income (loss)
Net earnings (loss)88 88 — — — — — 
Other comprehensive income 49 — 49 — — — — 
Comprehensive income (loss)136 88 49 — — — — 
Stock issued (repurchased)26 — — 26 — — — 
Dividends accumulated on Mandatory convertible preferred stock(2)(2)— — — — — 
Dividends declared(10)(10)— — — — — 
Balances, June 30, 2026$3,923 $1,262 $(1,476)$4,074 $73 $1 $(11)
(1)Primarily consists of stock issuance which occurred on February 27, 2026, which included common stock as well as Mandatory Convertible Preferred Stock.
Whirlpool Stockholders' Equity
TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
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(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 

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,
20262025
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$43 $— $43 $(217)$— $(217)
Cash flow hedges(5)2 (3)(52)15 (37)
Pension and other postretirement benefits plans12 (3)9 10 (3)7 
Other comprehensive income (loss)50 (1)49 (259)12 (247)
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$50 $(1)$49 $(259)$12 $(247)
Six Months Ended June 30,
20262025
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$104 $— $104 $(299)$— $(299)
Cash flow hedges35 (7)28 (105)31 (74)
Pension and other postretirement benefits plans23 (6)17 19 (5)14 
Other comprehensive income (loss)162 (13)149 (385)26 (359)
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$162 $(13)$149 $(385)$26 $(359)
Mandatory Convertible Preferred Stock
On February 27, 2026, we issued 11,500,000 depositary shares (“Depositary Share”), each of which represents a 1/20th interest in a share of our 8.50% Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”). The Mandatory Convertible Preferred Stock has a $1,000 per share liquidation preference and $1.00 per share par value. As a result of the transaction, we received cash proceeds of approximately $557 million, net of underwriting fees and other issuance costs.
Dividends
Dividends are cumulative at an annual rate of 8.50% on the liquidation preference of $1,000 per share of Mandatory Convertible Preferred Stock and may be paid in cash, shares of our common stock or a combination of cash and shares of our common stock. Dividends that are declared will be payable on February 15, May 15, August 15 and November 15 to holders of record on the February 1, May 1, August 1, and November 1 immediately preceding the relevant dividend payment date.
Mandatory Conversion
The following table illustrates the conversion rate per share of the Mandatory Convertible Preferred Stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock:
Applicable Market Value of Common StockConversion Rate per Share of Mandatory Convertible Preferred Stock
Greater than $81.0767 (the "Threshold Appreciation Price")
12.3340 shares of common stock
Equal to or less than the Threshold Appreciation Price but greater than or equal to the Initial Price
Between 12.3340 and 14.4920 shares of common stock, determined by dividing $1,000 by the applicable market value
Less than $69.0036 (the "Initial Price")
14.4920 shares of common stock
Unless earlier converted, each share of Mandatory Convertible Preferred Stock will automatically convert on February 15, 2029, into between 12.3340 shares and 14.4920 shares of our common stock, depending on the applicable market value of the common stock and subject to certain anti-dilution adjustments described in the certificate of designations related to our Mandatory Convertible Preferred Stock (Certificate of Designations). The applicable market value of our common stock will be determined based on the average volume-weighted average price per share of the common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately prior to February 15, 2029.
If a fundamental change, as defined in the Certificate of Designations, occurs on or prior to February 15, 2029, then holders of Mandatory Convertible Preferred Stock will be entitled to convert all or any portion of their shares into shares of our common stock at the fundamental change conversion rate, as defined in the Certificate of Designations, for a specified period of time and also to receive an amount to compensate such holders for unpaid accumulated dividends and any remaining future scheduled dividend payments.
Other than during a fundamental change conversion period, at any time prior to February 15, 2029, holders of Mandatory Convertible Preferred Stock may elect to convert all or any portion of their shares at a conversion rate of 12.3340 shares of common stock per share of Mandatory Convertible Preferred Stock, subject to certain anti-dilution and other adjustments as described in the Certificate of Designations.
Ranking
The Mandatory Convertible Preferred Stock ranks, with respect to dividend rights and distribution of assets upon liquidation, winding-up or dissolution, senior to the Company’s common stock and each other class or series of capital stock, whether outstanding or established after the date of issuance of the Mandatory Convertible Preferred Stock that do not specifically state they are senior to the Mandatory Convertible Preferred Stock and junior to any existing and future indebtedness.
Voting Rights
Holders of Mandatory Convertible Preferred Stock will not have voting rights, except as specifically required by Delaware law or our certificate of incorporation.
Common Stock
On February 27, 2026, we issued 7,898,550 shares of our common stock in an underwritten public offering at an offering price of $69 per share. The common stock has a $1.00 per share par value. As a result of the transaction, we received cash proceeds of approximately $524 million, net of underwriting fees and other issuance costs.
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, 2026:
Three Months EndedSix Months Ended
Millions of dollars(Gain) Loss Reclassified(Gain) Loss ReclassifiedClassification in Earnings
Pension and postretirement benefits, pre-tax$12 $23 Interest and sundry (income) expense
Other comprehensive income related to divestitures4 4 (Gain) loss on sale and disposal of businesses
Total$16 $27 
Net earnings (loss) per Share
Basic net earnings (loss) per share is computed by dividing net earnings (loss) attributable to common shareholders by the weighted average number of ordinary shares outstanding during the period. Diluted net earnings (loss) per share reflects the weighted average dilutive impact of all potentially dilutive securities from the date of issuance and is computed using both the treasury stock and if-converted methods. The if-converted method is used to determine if the impact of conversion of the MCPS into ordinary shares is more dilutive than the MCPS dividends to net income (loss) per share. If so, the MCPS are assumed to have been converted at the later of the beginning of the period or the time of issuance, and the resulting ordinary shares are included in the denominator and the MCPS dividends are added back to the numerator. Unless otherwise noted, share and per share amounts included in these notes are on a diluted basis. For the three and six months ended June 30, 2026, the impact of the MCPS calculated under the if-converted method was anti-dilutive, and as such 8.3 million and 5.7 million ordinary shares underlying the MCPS, respectively, were excluded from the diluted net loss per share calculation.
Diluted net earnings (loss) per share of common stock include the dilutive effect of stock options and other share-based compensation plans. 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 shares2026202520262025
Numerator:
Net earnings (loss) available to Whirlpool common shareholders$75 $65 $(11)$137 
Denominator:
Denominator for basic earnings per share - weighted-average shares65.0 55.9 62.3 55.7 
Effect of dilutive securities - share-based compensation0.2 0.2 — 0.2 
Denominator for diluted earnings per share - adjusted weighted-average shares65.2 56.1 62.3 55.9 
Anti-dilutive stock options/awards excluded from earnings per share2.0 1.2 1.2 1.2 
Share Repurchase Program
On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $2 billion in share repurchases under the Company's ongoing share repurchase program. During the six months ended June 30, 2026, we did not repurchase any shares under the share repurchase program. At June 30, 2026, there were approximately $2.5 billion in remaining funds authorized under this program.
Share repurchases are made from time to time on the open market as conditions warrant. The program does not obligate us to repurchase any of our shares and has no expiration date.