v3.26.3
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our reportable segments consist of Major Domestic Appliances ("MDA") North America; MDA Latin America; and Small Domestic Appliances ("SDA") Global. As of December 31, 2025, the operations previously reported within the MDA Asia segment are no longer reported as a segment as a result of the deconsolidation of Whirlpool India. All prior period amounts have been reclassified to conform with current period presentation. For additional information see Note 14 to the Consolidated Condensed Financial Statements.
The chief operating decision maker (CODM) is the Company's Chairman and Chief Executive Officer, who evaluates operational performance based on each segment's earnings (loss) before interest and taxes (EBIT). We define segment EBIT as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items, if any, that management believes are not indicative of the segment's ongoing performance. Cost of products sold is the significant expense regularly reviewed by the CODM and consists of costs associated with products sold, including but not limited to materials, labor, freight and warehousing. Other segment expenses / (income) primarily include selling, general and administrative items. Total assets by segment are those assets directly associated with the respective operating activities. The "Other/Eliminations" column primarily includes corporate expenses, assets and eliminations, as well as restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the segment's ongoing performance. Intersegment sales are eliminated within each segment.
Total assets by segment are those assets directly associated with the respective operating activities. The "Other" column primarily includes operations previously reported in our MDA Asia segment, corporate expenses, assets, as well as restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the segment's ongoing performance. The "Eliminations" column includes intercompany activity. Intersegment sales are eliminated within each segment.
The tables below summarize performance by operating segment for the periods presented:
Three Months Ended September 30,
OPERATING SEGMENTS
MDA North
America
MDA Latin
America
SDA GlobalOtherEliminationsTotal
Whirlpool
Net sales
2026$2,495 $858 $286 $38 $— $3,677 
20252,722 802 288 222 — 4,033 
Cost of Products Sold
2026$2,226 $768 $182 $28 $— $3,204 
20252,378 695 182 182 — 3,439 
Other segment expenses/(income)
2026$195 $72 $51 $283 $— $601 
2025208 62 58 65 — 393 
EBIT
2026$74 $18 $53 $(273)$— $(128)
2025134 45 47 (28)— 200 
Intersegment sales
2026$30 $312 $— $9 $(351)$— 
202530 335 — 9 (374)— 
Total assets
September 30, 2026$10,060 $3,940 $1,406 $10,167 $(8,610)$16,963 
December 31, 2025
9,994 3,962 1,248 8,474 (7,677)16,001 
Capital expenditures
2026$54 $26 $6 $6 $— $92 
202531 39 4 9 — 83 
Depreciation and amortization
2026$56 $39 $5 $6 $— $106 
202546 16 5 16 — 83 
Nine Months Ended September 30,
OPERATING SEGMENTS
MDA North
America
MDA Latin AmericaSDA GlobalOtherEliminationsTotal
Whirlpool
Net sales
2026$7,141 $2,500 $710 $116 $— $10,467 
20257,586 2,345 685 810 — 11,426 
Cost of Products Sold
2026$6,402 $2,209 $437 $88 $— $9,137 
20256,508 2,017 422 669 — 9,615 
Other segment expenses/(income)
2026$594 $200 $149 $352 $— $1,295 
2025651 186 145 239 — 1,221 
EBIT
2026$144 $90 $124 $(324)$— $34 
2025428 142 119 (98)— 590 
Intersegment sales
2026$101 $874 $1 $27 $(1,003)$— 
202582 970 1 30 (1,083)— 
Total assets
September 30, 2026$10,060 $3,940 $1,406 $10,167 $(8,610)$16,963 
December 31, 20259,994 3,962 1,248 8,474 (7,677)16,001 
Capital expenditures
2026$150 $81 $17 $7 $— $255 
2025106 98 13 20 — 239 
Depreciation and amortization
2026$178 $76 $15 $21 $— $290 
2025132 46 14 54 — 246 
The following table summarizes the reconciling items in the Other column for total EBIT for the periods presented:
Three Months Ended September 30, Nine Months Ended September 30,
in millions2026202520262025
Items not allocated to segments:
Restructuring costs$(35)$(6)$(108)$(17)
Gain on sale and disposal of businesses— 30 139 30 
MDA Asia2 4 11 46 
Corporate expenses and other(240)(56)(366)(157)
Total other$(273)$(28)$(324)$(98)
A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income (Loss) is shown in the table below for the periods presented:
Three Months Ended September 30, Nine Months Ended September 30,
in millions2026202520262025
Operating profit$4 $206 $185 $595 
Interest and sundry (income) expense15 (5)11 (41)
Equity method investment loss, net of tax(118)(11)(140)(46)
Total EBIT$(128)$200 $34 $590 
Interest expense102 92 241 256 
Income tax expense8 33 25 105 
Net earnings (loss)$(238)$76 $(232)$229 
Less: Net earnings available to noncontrolling interests(1)3 (1)20 
Net earnings (loss) available to Whirlpool shareholders
$(237)$73 $(231)$210