WHIRLPOOL CORP /DE/, 10-Q filed on 7/29/2025
Quarterly Report
v3.25.2
Cover Page - shares
 6 Months Ended
Jun. 30, 2025
Jul. 25, 2025
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
Document Transition Report false  
Entity File Number 1-3932  
Entity Registrant Name WHIRLPOOL CORP /DE/  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 38-1490038  
Entity Address, Address Line One 2000 North M-63  
Entity Address, City or Town Benton Harbor,  
Entity Address, State or Province MI  
Entity Address, Postal Zip Code 49022-2692  
City Area Code 269  
Local Phone Number 923-5000  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   55,894,408
Entity Central Index Key 0000106640  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
New York Stock Exchange    
Entity Information [Line Items]    
Title of 12(b) Security Common stock, par value $1.00 per share  
Trading Symbol WHR  
Security Exchange Name NYSE  
NYSE Texas    
Entity Information [Line Items]    
Title of 12(b) Security Common stock, par value $1.00 per share  
Trading Symbol WHR  
Chicago Stock Exchange    
Entity Information [Line Items]    
Security Exchange Name CHX  
v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net sales $ 3,773 $ 3,989 $ 7,393 $ 8,478
Expenses        
Cost of products sold 3,162 3,363 6,176 7,211
Gross margin 610 626 1,217 1,267
Selling, general and administrative 397 394 803 871
Intangible amortization 7 7 13 17
Restructuring costs 2 50 11 73
Loss (gain) on sale and disposal of businesses 0 45 0 292
Operating profit 204 130 389 14
Other (income) expense        
Interest and sundry (income) expense (4) 7 (36) (21)
Interest expense 86 93 164 183
Earnings (loss) before income taxes 121 30 260 (148)
Income tax expense (benefit) 29 (206) 72 (130)
Equity method investment income (loss), net of tax (18) (11) (35) (11)
Net earnings (loss) 75 225 153 (29)
Less: Net earnings (loss) available to noncontrolling interests 9 6 17 11
Net earnings (loss) available to Whirlpool $ 65 $ 219 $ 137 $ (40)
Per share of common stock        
Basic net earnings (loss) available to Whirlpool (in USD per share) $ 1.17 $ 3.96 $ 2.46 $ (0.75)
Diluted net earnings (loss) available to Whirlpool (in USD per share) 1.17 3.96 2.45 (0.75)
Dividends declared (in USD per share) $ 1.75 $ 1.75 $ 3.50 $ 3.50
Weighted-average shares outstanding (in millions)        
Basic (in shares) 55.9 54.9 55.7 54.9
Diluted (in shares) 56.1 55.0 55.9 54.9
Comprehensive income (loss) $ (173) $ 242 $ (206) $ (9)
v3.25.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,068 $ 1,275
Accounts receivable, net of allowance of $51 and $46, respectively 1,379 1,317
Inventories 2,600 2,035
Prepaid and other current assets 581 612
Total current assets 5,627 5,239
Property, net of accumulated depreciation of $5,585 and $5,414, respectively 2,300 2,275
Right of use assets 826 841
Goodwill 3,325 3,322
Other intangibles, net of accumulated amortization of $459 and $447, respectively 2,705 2,717
Deferred income taxes 1,486 1,433
Other noncurrent assets 489 474
Total assets 16,759 16,301
Current liabilities    
Accounts payable 3,520 3,530
Accrued expenses 409 455
Accrued advertising and promotions 411 682
Employee compensation 211 228
Notes payable 1,158 18
Current maturities of long-term debt 300 1,850
Other current liabilities 631 560
Total current liabilities 6,641 7,323
Noncurrent liabilities    
Long-term debt 6,172 4,758
Pension benefits 111 122
Postretirement benefits 96 96
Lease liabilities 692 711
Other noncurrent liabilities 464 358
Total noncurrent liabilities 7,535 6,045
Stockholders' equity    
Common stock, $1 par value, 250 million shares authorized, 65 million and 65 million shares issued, respectively, and 55 million and 55 million shares outstanding, respectively 65 64
Additional paid-in capital 3,473 3,462
Retained earnings 1,253 1,311
Accumulated other comprehensive loss (1,904) (1,545)
Treasury stock, 9 million and 9 million shares, respectively (568) (609)
Total Whirlpool stockholders' equity 2,320 2,683
Noncontrolling interests 264 250
Total stockholders' equity 2,583 2,933
Total liabilities and stockholders' equity $ 16,759 $ 16,301
v3.25.2
CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Accounts receivable, allowance $ 51 $ 46
Property, accumulated depreciation 5,585 5,414
Other intangibles, accumulated amortization $ 459 $ 447
Common stock, par value (in USD per share) $ 1 $ 1
Common stock, shares authorized (in shares) 250 250
Common stock, shares issued (in shares) 65 65
Common stock, shares outstanding (in shares) 55 55
Treasury stock (in shares) 9 9
v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net earnings (loss) $ 153 $ (29)
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 163 170
Loss (gain) on sale and disposal of businesses 0 292
Equity method investment (income) loss, net of tax 35 11
Share based compensation and other 86 33
Changes in assets and liabilities:    
Accounts receivable (21) (211)
Inventories (527) (54)
Accounts payable (134) (123)
Accrued advertising and promotions (284) (154)
Accrued expenses and current liabilities (29) (170)
Taxes deferred and payable, net (16) (209)
Accrued pension and postretirement benefits (1) (14)
Employee compensation (31) (55)
Other (96) 28
Cash provided by (used in) operating activities (702) (485)
Investing activities    
Capital expenditures (154) (228)
Proceeds from sale of assets and businesses 0 42
Cash held by divested businesses 0 (245)
Other 0 (1)
Cash provided by (used in) investing activities (154) (432)
Financing activities    
Net proceeds from borrowings of long-term debt 1,200 300
Net repayments of long-term debt (1,550) (801)
Net proceeds (repayments) from short-term borrowings 1,142 780
Dividends paid (194) (191)
Repurchase of common stock 0 (50)
Sale of minority interest in subsidiary 0 462
Other (15) 1
Cash provided by (used in) financing activities 583 501
Effect of exchange rate changes on cash and cash equivalents 67 (72)
Increase (decrease) in cash and cash equivalents (207) (488)
Cash and cash equivalents at beginning of year 1,275 1,667
Cash and cash equivalents at end of period $ 1,068 $ 1,179
v3.25.2
BASIS OF PRESENTATION
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
General Information
The accompanying unaudited Consolidated Condensed Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by U.S. GAAP for complete financial statements. As a result, this Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Form 10-K for the year ended December 31, 2024.
Management believes that the accompanying Consolidated Condensed Financial Statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods.
We are required to make estimates and assumptions that affect the amounts reported in the Consolidated Condensed Financial Statements and accompanying Notes. Actual results could differ materially from those estimates.
We have eliminated all material intercompany transactions in our Consolidated Condensed Financial Statements. We do not consolidate the financial statements of any company in which we have an ownership interest of 50% or less, unless that company is deemed to be a variable interest entity ("VIE") of which we are the primary beneficiary. VIEs are consolidated when the company is the primary beneficiary of these entities and has the ability to directly impact the activities of these entities.
Change in Presentation
In 2024, the Company changed its rounding presentation. Certain columns and rows within the consolidated condensed financial statements and tables presented may not sum due to rounding, and percentages have been calculated from the underlying whole-dollar amounts. This change is immaterial and does not impact the comparability of our consolidated condensed financial statements.
Reclassifications
We reclassified certain prior period amounts in the Consolidated Condensed Financial Statements to conform with current year presentation.
Risks and Uncertainties
The Consolidated Condensed Financial Statements presented herein reflect estimates and assumptions made by management at June 30, 2025.
These estimates and assumptions affect, among other things, the Company’s goodwill, long-lived asset and indefinite-lived intangible asset valuation; inventory valuation; assessment of the annual effective tax rate; valuation of deferred income taxes and income tax contingencies; and the allowance for expected credit losses and bad debt. Events and changes in circumstances arising after July 29, 2025, including those resulting from the impacts of macroeconomic volatility including with respect to trade and tariffs, as well as the ongoing international conflicts, will be reflected in management’s estimates for future periods.
Goodwill and Indefinite-lived Intangible Assets
We continue to monitor the significant global economic uncertainty to assess the outlook for demand for our products and the impact on our business and our overall financial performance. The results of the annual assessment performed as of October 1, 2024 determined that the carrying value of the Maytag trademark exceeded its fair value by $381 million. The trademark remains at risk for future impairment at June 30, 2025. The InSinkErator trademark is also at risk for impairment at June 30, 2025. The goodwill in our reporting units or other indefinite-lived intangible assets are not presently at risk for future impairment.
The potential impact of demand disruptions, production impacts or supply constraints along with a number of other factors could negatively affect revenues for the Maytag and InSinkErator trademarks, but we remain committed to the strategic actions necessary to realize the long-term forecasted revenues and profitability of these trademarks.
A lack of recovery or further deterioration in market conditions, a sustained trend of weaker than expected financial performance for our Maytag and InSinkErator trademarks, among other factors, as a result of the macroeconomic factors or other unforeseen events could result in an impairment charge in future periods which could have a material adverse effect on our financial statements.
As a result of our analysis, and in consideration of the totality of events and circumstances, there were no triggering events of impairment identified during the second quarter of 2025.
Income taxes
Under U.S. GAAP, the Company calculates its quarterly tax provision based on an estimated effective tax rate for the year and then adjusts this amount by certain discrete items each quarter. Potential changing and volatile macroeconomic conditions could cause fluctuations in forecasted earnings before income taxes. As such, the Company's effective tax rate could be subject to volatility as forecasted earnings before income taxes are impacted by events which cannot be predicted.
In addition, potential future economic deterioration brought on by the trade and tariff landscape, ongoing international conflicts, and related sanctions or other factors, such as potential sales of businesses and new tax legislation may negatively impact the realizability and/or valuation of certain deferred tax assets.  
Other Accounting Matters
Synthetic Lease Arrangements
We have a number of synthetic lease arrangements with financial institutions for non-core properties. The leases contain provisions for options to purchase, extend the original term for additional periods or return the property. As of June 30, 2025 and December 31, 2024, these arrangements include residual value guarantees of up to approximately $403 million and $405 million, respectively, that could potentially come due in future periods. We do not believe it is probable that any material amounts will be owed under these guarantees. Therefore, no material amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
The majority of these leases are classified as operating leases. We have assessed the reasonable certainty of these provisions to determine the appropriate lease term. The leases were measured using our incremental borrowing rate and are included in our right of use assets and lease liabilities in the Consolidated Condensed Balance Sheets. Rental payments are calculated at the applicable reference rate plus an additional amount based on the terms of the lease. The impact to the Consolidated Condensed Balance Sheets and Consolidated Condensed Statements of Comprehensive Income (Loss) is nominal.
Supply Chain Financing Arrangements
The Company has ongoing agreements globally with various third-parties to provide certain suppliers the opportunity to sell receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. Under these agreements, the average payment terms range from 120 to 180 days and are based on industry standards and best practices within each of our global regions. Whirlpool has no assets pledged as part of our global programs.
We have no economic interest in the sale of these receivables and no direct financial relationship with the financial institutions concerning these services. For certain arrangements, the Company will guarantee receivables due from wholly-owned subsidiaries. Our obligations to suppliers, including amounts due and scheduled payment terms, are not impacted. All outstanding balances under these programs are recorded in accounts payable on our Consolidated Condensed Balance Sheets. The following table summarizes the changes in outstanding obligations for the periods presented:
Millions of dollarsOutstanding Obligations
Confirmed obligations outstanding as of December 31, 2024
$794 
Invoices confirmed during the period1,164 
Confirmed invoices paid during the period(1,250)
Impact of foreign currency39
Confirmed obligations outstanding as of June 30, 2025
$748 
Equity Method Investments
Our primary equity method investments include partial ownership in Whirlpool China, an entity that was previously controlled by the Company, and partial ownership in Beko Europe B.V. ("Beko Europe"), a newly formed entity resulting from the April 1, 2024 transaction with Arçelik A.S. (“Arcelik”). For additional information, see Note 14 to the Consolidated Condensed Financial Statements.
The following table summarizes the amounts related to the Company's primary equity method investments during the periods presented.
Millions of dollarsJune 30, 2025December 31, 2024
Percentage OwnershipCarrying AmountPercentage OwnershipCarrying Amount
Beko Europe B.V.25 %$36 25 %$74 
Whirlpool China20 %$190 20 %$191 
The fair value of the investment in Beko Europe at the date of deconsolidation was calculated based on a discounted cash flow analysis and multiple market data points (Level 3 input), resulting in a fair value of $186 million. The market value of our investment in Whirlpool China, based on the quoted market price, is $221 million as of June 30, 2025. Management has concluded that there are no indicators of other than temporary impairment related to these investments.
The following tables summarize the amounts recorded related to the Company's primary equity method investments during the periods presented.
Millions of dollarsJune 30, 2025December 31, 2024
Accounts Payable$129 $101 
Millions of dollarsSix Months Ended June 30,
20252024
Purchases$190 $137 
The licensing revenue from our equity method investments and their subsidiaries is not material for the periods presented. There are also no material accounts receivable or sales with these investments for the periods presented.
Related Parties
As of June 30, 2025, the Company's majority-owned subsidiary, Whirlpool India, holds a 97% controlling equity ownership in Elica PB India, following an additional acquisition of 10% equity interest during the third quarter of 2024. Elica PB India is consolidated in Whirlpool Corporation's financial statements and reported within our MDA Asia reporting segment. Elica PB India is a VIE for which the Company is the primary beneficiary. The
carrying amount of goodwill amounts to $86 million and the carrying amount of customer relationships, which are included in Other intangible assets, net of accumulated amortization, amounts to $25 million as of June 30, 2025 and $26 million as of December 31, 2024, respectively. Other assets or liabilities of Elica PB India are not material to the Consolidated Condensed Financial Statements of the Company for the periods presented.
Both Whirlpool India and the non-controlling interest shareholders retain an option for Whirlpool India to purchase the remaining equity interest in Elica PB India for fair value, which could be material to the financial statements of the Company, depending on the performance of the business.
Accounting Pronouncements Issued But Not Yet Effective
In December 2023, the FASB issued Update 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This Update applies to all entities that are subject to Topic 740. The amendments in this Update improve income tax disclosures primarily related to the rate reconciliation and income taxes paid information as well as the effectiveness of certain other income tax disclosures. The new standard is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The standard should be applied on a prospective basis, but retrospective application is permitted. The Company will adopt this standard beginning with the Form 10-K for the fiscal year ending December 31, 2025 and is still determining the potential impact to the financial statements.
In November 2024, the FASB issued Update 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)". This update applies to all public business entities. The FASB is issuing this Update to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of products sold, SG&A, and research and development). The new standard is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of adopting this new standard.
All other issued and not yet effective accounting standards are not relevant or material to the Company.
v3.25.2
REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
The following table presents our disaggregated revenues by revenue source. For additional information on the disaggregated revenues by operating segment, see Note 13 to the Consolidated Condensed Financial Statements.
Three Months Ended June 30,
Six Months Ended June 30,
Millions of dollars2025202420252024
Major product categories:
Laundry$1,075 $1,087 $2,101 $2,351 
Refrigeration1,225 1,299 2,324 2,553 
Cooking820 907 1,659 1,969 
Dishwashing271 272 567 701 
Total major product category net sales $3,391 $3,565 $6,651 $7,574 
Spare parts and warranties136 141 272 380 
Other246 283 470 524 
Total net sales$3,773 $3,989 $7,393 $8,478 
Other revenue sources include primarily the revenues from the InSinkErator business, subscription arrangements, and licenses.
The impact to revenue related to prior period performance obligations is less than 1% of global consolidated revenues for the three and six months ended June 30, 2025.
Allowance for Expected Credit Losses and Bad Debt Expense
We estimate our expected credit losses and bad debt expense primarily by using an aging methodology and establish customer-specific reserves for higher risk trade customers. Our expected credit losses and bad debt expense are evaluated and controlled within each operating segment on considering the unique credit risk specific to the country, marketplace and economic environment. We take into account past events, current conditions and reasonable and supportable forecasts in developing the reserve.
The following table summarizes our allowance for expected credit losses and bad debt expense by operating segment for the six months ended June 30, 2025:
Millions of dollars
December 31, 2024
Charged to EarningsWrite-offsForeign CurrencyOther June 30, 2025
Accounts receivable allowance
MDA North America$8 $2 $(1)$— $— $9 
MDA Latin America33 — — 4 — 37 
MDA Asia3 — — — — 3 
SDA Global2 — — — — 2 
Consolidated$46 $2 $(1)$4 $— $51 
Financing receivable allowance
MDA Latin America$23 $— $— $3 $— $26 
Consolidated$69 $2 $(1)$7 $— $77 
v3.25.2
INVENTORIES
 6 Months Ended
Jun. 30, 2025
Inventory, Net [Abstract]  
INVENTORIES INVENTORIES
The following table summarizes our inventories at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Finished products$2,035 $1,463 
Raw materials and work in process565 572 
Total Inventories$2,600 $2,035 
v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
The following table summarizes our property, plant and equipment at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Land$36 $36 
Buildings1,047 981 
Machinery and equipment6,803 6,673 
Accumulated depreciation(5,585)(5,414)
Property, plant and equipment, net $2,300 $2,275 
During the six months ended June 30, 2025, we disposed of land, buildings, machinery and equipment with a net book value of $4 million, compared to $16 million in the same period of 2024. The net loss on the disposals was not material for the six months ended June 30, 2025 and 2024, respectively.
v3.25.2
FINANCING ARRANGEMENTS
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
FINANCING ARRANGEMENTS FINANCING ARRANGEMENTS
Debt Offering
On June 9, 2025, Whirlpool Corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Mizuho Securities USA LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $600 million aggregate principal amount of 6.125% Senior Notes due 2030 and $600 million aggregate principal amount of 6.500% Senior Notes due 2033 (collectively, the “2030 and 2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the 2030 and 2033 Notes, each as previously filed with the Securities and Exchange Commission (the “Commission”). On June 11, 2025, the Company closed its offering of the 2030 and 2033 Notes.
The 2030 and 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the 2030 and 2033 Notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2030 and 2033 Notes to repay a portion of the $1.5 billion outstanding under the term loan agreement with a maturity date of October 31, 2025.
On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $300 million aggregate principal amount of 5.750% Senior Notes due 2034 (the "2034 Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Commission. On February 27, 2024, the Company closed its offering of the 2034 Notes.
The 2034 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the 2034 notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2034 Notes, together with cash on hand, to repay, at maturity, all $300 million aggregate principal amount of the Company's 4.000% notes due March 1, 2024.
Term Loan Agreement
On September 23, 2022, the Company entered into a Term Loan Agreement by and among the Company, Sumitomo Mitsui Banking Corporation (“SMBC”), as Administrative Agent and Syndication Agent and as lender, and certain other financial institutions as lenders. SMBC, BNP Paribas, ING Bank N.V., Dublin Branch, Mizuho Bank, Ltd., and Societe Generale acted as Joint Lead Arrangers and Syndication Agents; The Bank of Nova Scotia and Bank of China, Chicago Branch acted as Documentation Agents; and SMBC acted as Sole Bookrunner for the Term Loan Agreement. The Term Loan Agreement provides for an aggregate lender commitment of $2.5 billion. The Company utilized proceeds from the term loan facility on a delayed draw basis to fund a majority of the $3.0 billion purchase price consideration for the Company’s acquisition from Emerson Corporation (“Emerson”) of Emerson’s InSinkErator business, as set forth in the Asset and Stock Purchase Agreement between Whirlpool and Emerson dated as of August 7, 2022 (the “Acquisition Agreement”).
The outstanding amount for this term loan at June 30, 2025 is $300 million, which is classified in current liabilities on the Consolidated Condensed Balance Sheet. The term loan facility is divided into two tranches: a $1 billion tranche with a maturity date of April 30, 2024, of which $500 million was repaid in December 2023 and the remaining $500 million was repaid in April 2024; and a $1.5 billion tranche with a maturity date of October 31, 2025, of which $1.2 billion was repaid in June 2025.
The interest and fee rates payable with respect to the term loan facility based on the Company's current credit rating are as follows: (1) the spread over SOFR for the 3-year tranche is 1.25% (with a 0.10% SOFR spread adjustment); and (2) the spread over prime for the 3-year tranche is zero, as the date hereof.
The Term Loan Agreement contains customary covenants and warranties including, among other things, a rolling twelve month interest coverage ratio required to be greater than or equal to 3.0 for each fiscal quarter. In addition, the covenants limit the Company's ability to (or to permit any subsidiaries to), subject to various exceptions and limitations: (i) merge with other companies; (ii) create liens on its property; and (iii) incur debt at the subsidiary level. The Company has been in compliance with the interest coverage ratio covenant under the term loan agreement for all fiscal quarters through June 30, 2025.
Credit Facilities
On May 3, 2022, the Company entered into a Fifth Amended and Restated Long-Term Credit Agreement (the “Amended Long-Term Facility”) by and among the Company, certain other borrowers, the lenders referred to therein, JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A., as Syndication Agent. BNP Paribas, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association acted as Documentation Agents. JPMorgan Chase Bank, N.A., BNP Paribas Securities Corp., Citibank, N.A., Mizuho Bank, Ltd. and Wells Fargo Securities, LLC acted as Joint Lead Arrangers and Joint Bookrunners for the Amended Long-Term Facility. Consistent with the Company’s prior credit agreement, the Amended Long-Term Facility provides an aggregate borrowing capacity of $3.5 billion. The facility has a maturity date of May 3, 2027, unless earlier terminated.
The interest rate payable with respect to the Amended Long-Term Facility is based on the Company’s current debt rating, Term SOFR (Secured Overnight Financing Rate) +1.25% interest rate margin per annum (with a 0.10% SOFR spread adjustment) or the Alternate Base Rate +0.25% per annum, at the Company’s election.
The Amended Long-Term Facility contains customary covenants and warranties, such as, among other things, a rolling four quarter interest coverage ratio required to be greater than or equal to 3.0 for each fiscal quarter. The Amended Long-Term Facility also includes limitations on the Company’s ability to (or to permit any subsidiaries to), subject to various exceptions and limitations: (i) merge with other companies; (ii) create liens on its property; and (iii) incur debt at the subsidiary level. The Company has been in compliance with the interest coverage ratio covenant under the Amended Long-Term Facility for all fiscal quarters through June 30, 2025.
At June 30, 2025, we had $950 million outstanding under the Amended Long-Term Facility. We had no borrowings outstanding under the Amended Long-Term Facility at December 31, 2024.
In addition to the committed $3.5 billion Amended Long-Term Facility and the committed $1.5 billion term loan (of which $1.2 billion has been repaid as of June 30, 2025), we have committed credit facilities in Brazil and India. These committed credit facilities provide borrowings up to approximately $195 million at June 30, 2025 and $173 million at December 31, 2024, based on exchange rates then in effect, respectively. These committed credit facilities have maturities that run through 2025. There were no amounts outstanding on these credit facilities at June 30, 2025 and December 31, 2024, respectively.
Notes Payable
Notes payable, which consist of short-term borrowings payable to banks or commercial paper, are generally used to fund working capital requirements. The fair value of our notes payable approximates the carrying amount due to the short maturity of these obligations. The downgrade of our credit ratings to below investment grade has partially reduced access to and increased costs associated with accessing the commercial paper market.
The following table summarizes the carrying value of notes payable at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Commercial paper$177 $— 
Short-term borrowings due to banks981 18 
Total notes payable$1,158 $18 
Short-term borrowings due to banks include the current portion of the outstanding amount under the Amended Long-Term Facility which is expected to be repaid within the next twelve months.
Transfers and Servicing of Financial Assets
In an effort to manage economic and geographic trade customer risk, from time to time, the Company will transfer, primarily without recourse, accounts receivable balances of certain customers to financial institutions resulting in a nominal impact recorded in interest and sundry (income) expense. These transactions are accounted for as sales of the receivables resulting in the receivables being de-recognized from the Consolidated Condensed Balance Sheets. These transfers do not require continuing involvement from the Company.
Certain arrangements include servicing of transferred receivables by Whirlpool. Outstanding accounts receivable transferred under arrangements where the Company continues to service the transferred asset were $136 million as of June 30, 2025 and $183 million as of December 31, 2024. The amount of cash proceeds received under these arrangements was $259 million and $269 million for the six months ended June 30, 2025 and 2024, respectively.
v3.25.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
BEFIEX Credits and Other Brazil Tax Matters
In previous years, our Brazilian operations earned tax credits under the Brazilian government's export incentive program (BEFIEX). These credits reduced Brazilian federal excise taxes on domestic sales.
Our Brazilian operations have received tax assessments for income and social contribution taxes associated with certain monetized BEFIEX credits. We do not believe BEFIEX credits are subject to income or social contribution taxes. We have not provided for income or social contribution taxes on these BEFIEX credits, and based on the opinions of tax and legal advisors, we have not accrued any amount related to these assessments at June 30, 2025. The total amount of outstanding tax assessments received for income and social contribution taxes relating to the BEFIEX credits, including interest and penalties, is approximately 2.6 billion Brazilian reais (approximately $475 million at June 30, 2025).
Relying on existing Brazilian legal precedent, in 2003 and 2004, we recognized tax credits in an aggregate amount of $26 million, adjusted for currency, on the purchase of raw materials used in production ("IPI tax credits"). The Brazilian tax authority subsequently challenged the recording of IPI tax credits. No such credits have been recognized since 2004. In 2009, we entered into a Brazilian government program ("IPI Amnesty") which provided extended payment terms and reduced penalties and interest to encourage taxpayers to resolve this and certain other disputed tax credit amounts. As permitted by the program, we elected to settle certain debts through the use of other existing tax credits and recorded charges of approximately $34 million in 2009 associated with these matters. In July 2012, the Brazilian revenue authority notified us that a portion of our proposed settlement was rejected and we received tax assessments of 295 million Brazilian reais (approximately $54 million at June 30, 2025), reflecting interest and penalties to date. The government's assessment in this case relies heavily on its arguments regarding taxability of BEFIEX credits for certain years, which we are disputing in one of the BEFIEX government assessment cases cited in the prior paragraph. Because the IPI Amnesty case (which has concluded at all judicial levels except the Brazil Supreme Court) is moving faster than the BEFIEX taxability case, we could be required to pay the IPI Amnesty assessment before obtaining a final decision in the BEFIEX taxability case.
We have received tax assessments from the Brazilian federal tax authorities relating to amounts allegedly due regarding insurance taxes (PIS/COFINS) for tax credits recognized since 2007. These credits were recognized for inputs to certain manufacturing and other business processes. These assessments are being challenged at the administrative and judicial levels in Brazil. The total amount of outstanding tax assessments received for credits recognized for PIS/COFINS inputs is approximately 407 million Brazilian reais (approximately $75 million at June 30, 2025). Based on the opinion of our tax and legal advisors, we have not accrued any amount related to these assessments.
We and other Brazil taxpayers have filed lawsuits in Brazil challenging DIFAL, an interstate tax equalization regime. In November 2023, in a leading (non-Whirlpool) case, the Brazil Supreme Court issued a decision upholding the constitutionality of DIFAL levied for the majority of 2022, but has not yet ruled on the taxpayer's appeal motion. Certain other DIFAL litigation remains pending at various levels of judicial review, including additional non-Whirlpool cases pending in the Brazil courts that may impact our assessment of our remaining DIFAL cases. We have accrued amounts related to DIFAL levied in certain states in Brazil, but have not accrued amounts in certain others based on the opinion of our tax and legal advisors. Our total unreserved amounts
related to DIFAL-related contingency is approximately 370 million Brazilian reais (approximately $67 million at June 30, 2025).
In addition to the BEFIEX, IPI tax credit, PIS/COFINS inputs and DIFAL matters noted above, other assessments issued by the Brazilian tax authorities related to indirect and income tax matters, and other matters, are at various stages of review in numerous administrative and judicial proceedings. We are vigorously defending our positions related to BEFIEX credits and other Brazil Tax Matters. The amounts related to these assessments will continue to be increased by monetary adjustments at the Selic rate, which is the benchmark rate set by the Brazilian Central Bank. In accordance with our accounting policies, we routinely assess these matters and, when necessary, record our best estimate of a loss.
Litigation is inherently unpredictable and the conclusion of these matters may take many years to ultimately resolve. Amounts at issue in potential future litigation could increase as a result of interest and penalties in future periods. Accordingly, it is possible that an unfavorable outcome in these proceedings could have a material adverse effect on our financial statements in any particular reporting period.
Legacy EMEA Legal Matters
Competition Investigation
In 2013, the French Competition Authority ("FCA") commenced an investigation of appliance manufacturers and retailers in France, including Whirlpool and Indesit. The FCA investigation was split into two parts, and in December 2018, we finalized a settlement with the FCA on the first part of the investigation. The second part of the FCA investigation, focused primarily on manufacturer interactions with retailers, has concluded. The Company agreed to a preliminary settlement range with the FCA and recorded a charge of approximately $69 million in the first half of 2023.
On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $75 million (based on exchange rates at December 31, 2024), with $46 million attributable to Whirlpool's France business and $29 million attributable to Indesit's France business. The Company paid Beko Europe approximately $57 million in the second quarter of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company received approximately $11 million out of escrow from the former owners in the second quarter of 2025. A nominal amount was recorded in the second quarter related to the net impact of final amounts paid and received.
Latin America Tax Review
In the first quarter of 2023, we accrued an immaterial amount in our Consolidated Condensed Financial Statements related to prior-period Value Added Tax (VAT) remittances in our Latin America region. We have resolved certain aspects of this matter and the overall financial statement impact of such resolution has thus far been immaterial. We continue to review tax matters within the region for any potential additional impacts, if any; certain matters could have a material adverse effect on our financial statements in any particular reporting period.
Other Litigation
We are currently vigorously defending a number of other lawsuits related to the manufacture and sale of our products which include class action allegations, and may become involved in similar actions. These lawsuits allege claims which include negligence, breach of contract, breach of warranty, product liability and safety claims, false advertising, fraud, and violation of federal and state regulations, including consumer protection laws. In general, we do not have insurance coverage for class action lawsuits. We are also involved in various other legal actions arising in the normal course of business, for which insurance coverage may or may not be available depending on the nature of the action. We dispute the merits of these suits and actions, and intend to vigorously defend them. Management believes, based upon its current knowledge, after taking into consideration legal counsel's evaluation of such suits and actions, and after taking into account current litigation accruals, that the outcome of these matters currently pending against Whirlpool should not have a material adverse effect, if any, on our financial statements.
Product Warranty Reserves
Product warranty reserves are included in other current and other noncurrent liabilities in our Consolidated Condensed Balance Sheets. The following table summarizes the changes in total product warranty reserves for the periods presented:
Product Warranty
Millions of dollars20252024
Balance at January 1 $196 $206 
Issuances/accruals during the period111 105 
Settlements made during the period/other(113)(114)
Balance at June 30
$194 $197 
Current portion$130 $137 
Non-current portion64 60 
Total$194 $197 
In the normal course of business, we engage in investigations of potential quality and safety issues. As part of our ongoing effort to deliver quality products to consumers, we are currently investigating certain potential quality and safety issues globally. As necessary, we undertake to effect repair or replacement of appliances in the event that an investigation leads to the conclusion that such action is warranted.
Guarantees
We have guarantee arrangements in a Brazilian subsidiary. For certain creditworthy customers, the subsidiary guarantees customer lines of credit at commercial banks to support purchases following its normal credit policies. If a customer were to default on its line of credit with the bank, our subsidiary would be required to assume the line of credit and satisfy the obligation with the bank. At June 30, 2025 and December 31, 2024, the guaranteed amounts totaled 1,669 million Brazilian reais (approximately $306 million at June 30, 2025) and 981 million Brazilian reais (approximately $159 million at December 31, 2024), respectively. The fair value of these guarantees were nominal at June 30, 2025 and December 31, 2024. Our subsidiary insures against a significant portion of this credit risk for these guarantees, under normal operating conditions, through policies purchased from high-quality underwriters.
We provide guarantees of indebtedness and lines of credit for various consolidated subsidiaries. The maximum contractual amount of indebtedness and lines of credit available under these lines for consolidated subsidiaries totaled approximately $2.2 billion at June 30, 2025 and $1.9 billion at December 31, 2024, respectively. Our total short-term outstanding bank indebtedness under guarantees was $31 million and $12 million at June 30, 2025 and December 31, 2024, respectively.
v3.25.2
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
 6 Months Ended
Jun. 30, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
The following table summarizes the components of net periodic pension cost and the cost of other postretirement benefits for the periods presented:
Three Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Service cost$— $1 $— $1 $— $— 
Interest cost24 25 1 1 2 2 
Expected return on plan assets(30)(37)— — — — 
Amortization:
Actuarial loss10 10 — — — — 
Prior service credit— — — — (1)— 
Settlement and curtailment (gain) loss— — — — — — 
Net periodic benefit cost (credit)$4 $(1)$1 $2 $1 $2 
Six Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Service cost$1 $1 $1 $1 $— $— 
Interest cost48 51 2 8 3 3 
Expected return on plan assets(59)(73)(1)(6)— — 
Amortization:
Actuarial loss20 20 — 1 — — 
Prior service credit— — — — (1)— 
Settlement and curtailment (gain) loss— — (2)— — — 
Net periodic benefit cost (credit)$10 $(1)$— $4 $2 $3 
The following table summarizes the net periodic cost recognized in operating profit and interest and sundry (income) expense for the periods presented:
Three Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Operating (profit) loss
$— $1 $— $1 $— $— 
Interest and sundry (income) expense4 (2)1 1 1 2 
Net periodic benefit cost$4 $(1)$1 $2 $1 $2 
Six Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Operating (profit) loss
$1 $1 $1 $1 $— $— 
Interest and sundry (income) expense9 (2)(1)3 2 3 
Net periodic benefit cost (credit)$10 $(1)$— $4 $2 $3 
401(k) Defined Contribution Plan
Beginning in March 2024, the Company matching contributions for our 401(k) defined contribution plan, equal to up to 7% of participants' eligible compensation, covering substantially all U.S. employees, are contributed in company stock.
v3.25.2
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS
Derivative instruments are accounted for at fair value based on market rates. Derivatives where we elect hedge accounting are designated as either cash flow, fair value or net investment hedges. Derivatives that are not accounted for based on hedge accounting are marked to market through earnings. If the designated cash flow hedges are highly effective, the gains and losses are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur. In the event it becomes probable the forecasted transaction to which a cash flow hedge relates will not occur, the derivative would be terminated and the amount in accumulated other comprehensive income (loss) would be recognized in earnings. The fair value of the hedge asset or liability is presented in either other current assets / liabilities or other noncurrent assets / liabilities on the Consolidated Condensed Balance Sheets and in other within cash provided by (used in) operating activities in the Consolidated Condensed Statements of Cash Flows.
Using derivative instruments means assuming counterparty credit risk. Counterparty credit risk relates to the loss we could incur if a counterparty were to default on a derivative contract. We generally deal with investment grade counterparties and monitor the overall credit risk and exposure to individual counterparties. We do not anticipate nonperformance by any counterparties. The amount of counterparty credit exposure is limited to the unrealized gains, if any, on such derivative contracts. We do not require nor do we post collateral on such contracts.
Hedging Strategy
In the normal course of business, we manage risks relating to our ongoing business operations including those arising from changes in commodity prices, foreign exchange rates and interest rates. Fluctuations in these rates and prices can affect our operating results and financial condition. We use a variety of strategies, including the use of derivative instruments, to manage these risks. We do not enter into derivative financial instruments for trading or speculative purposes.
Commodity Price Risk
We enter into commodity derivative contracts on various commodities to manage the price risk associated with forecasted purchases of materials used in our manufacturing process. The objective of these hedges is to reduce the variability of cash flows associated with the forecasted purchases of commodities.
Foreign Currency and Interest Rate Risk
We incur expenses associated with the procurement and production of products in a limited number of countries, while we sell in the local currencies of a large number of countries. Our primary foreign currency exchange exposures result from cross-currency sales of products. As a result, we enter into foreign exchange contracts to hedge certain firm commitments and forecasted transactions to acquire products and services that are denominated in foreign currencies. We enter into certain undesignated non-functional currency asset and liability hedges that relate primarily to short-term payables, receivables, intercompany loans and dividends. When we hedge a foreign currency denominated payable or receivable with a derivative, the effect of changes in the foreign exchange rates are reflected currently in interest and sundry (income) expense for both the payable/receivable and the derivative. Therefore, as a result of the economic hedge, we do not elect hedge accounting.
We also enter into hedges to mitigate currency risk primarily related to forecasted foreign currency denominated expenditures, intercompany financing agreements and royalty agreements and designate them as cash flow hedges. Gains and losses on derivatives designated as cash flow hedges, to the extent they are included in the assessment of effectiveness, are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur.
We may enter into cross-currency interest rate swaps to manage our exposure relating to cross-currency debt. Outstanding notional amounts of cross-currency interest rate swap agreements were $618 million at June 30, 2025 and December 31, 2024, respectively.
We may enter into interest rate swap agreements to manage interest rate risk exposure. Our interest rate swap agreements, if any, effectively modify our exposure to interest rate risk, primarily through converting certain floating rate debt to a fixed rate basis, and certain fixed rate debt to a floating rate basis. These agreements involve either the receipt or payment of floating rate amounts in exchange for fixed rate interest payments or receipts, respectively, over the life of the agreements without an exchange of the underlying principal amounts. We may enter into swap rate lock agreements to effectively reduce our exposure to interest rate risk by locking in interest rates on probable long-term debt issuances. There were no outstanding notional amounts of interest rate swap agreements at June 30, 2025 and December 31, 2024.
We may enter into instruments that are designated and qualify as a net investment hedge to manage our exposure related to foreign currency denominated investments. The effective portion of the instruments' gain or loss is reported as a component of other comprehensive income (loss) and recorded in accumulated other comprehensive loss. The gain or loss will be subsequently reclassified into net earnings when the underlying net investment is either sold or substantially liquidated. The remaining change in fair value of the hedge instruments represents the ineffective portion, which is immediately recognized in interest and sundry (income) expense on our Consolidated Condensed Statements of Comprehensive Income (Loss). There were no outstanding notional amounts of net investment hedges as of June 30, 2025 and December 31, 2024.
The following table summarizes our outstanding derivative contracts and their effects in our Consolidated Condensed Balance Sheets at June 30, 2025 and December 31, 2024.
  Fair Value of 
Notional AmountHedge AssetsHedge LiabilitiesMaximum Term (Months)
Millions of dollars20252024202520242025202420252024
Derivatives accounted for as hedges(1)
Commodity swaps/options$352 $204 $16 $5 $10 $9 (CF)3024
Foreign exchange forwards/options812 967 1 52 36 2 (CF/NI)1515
Cross-currency swaps(2)
618 618 4 6 123 47 (CF)4450
Total derivatives accounted for as hedges$21 $63 $169 $58 
Derivatives not accounted for as hedges
Foreign exchange forwards/options 934 473 2 5 15 1 N/A1312
Total derivatives not accounted for as hedges2 5 15 1 
Total derivatives$23 $68 $184 $59 
Current$16 $65 $59 $11 
Noncurrent7 3 125 48 
Total derivatives$23 $68 $184 $59 
(1)Derivatives accounted for as hedges are considered cash flow (CF) hedges.
(2)Change in cross-currency swaps is primarily driven by the currency change in the Euro year-over-year.
The following tables summarize the effects of derivative instruments on our Consolidated Condensed Statements of Comprehensive Income (Loss) for the periods presented:
Three Months Ended June 30,
Gain (Loss)
Recognized in OCI
(Effective Portion ) (3)(5)
Millions of dollars20252024
Cash flow hedges
     Commodity swaps/options$(1)$14 
     Foreign exchange forwards/options(6)
(47)29 
     Cross-currency swaps(6)
(60)9 
$(108)$52 
Three Months Ended June 30,
Location of Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)
Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)(4)(5)
Cash Flow Hedges - Millions of dollars20252024
Commodity swaps/options Cost of products sold$(2)$2 
Foreign exchange forwards/optionsNet sales(1)— 
Foreign exchange forwards/optionsCost of products sold3 (3)
Foreign exchange forwards/optionsInterest and sundry (income) expense3 3 
Cross-currency swaps(6)
Interest and sundry (income) expense(59)5 
$(56)$7 
Three Months Ended June 30,
Location of Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges		Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges
Derivatives not Accounted for as Hedges - Millions of dollars20252024
Foreign exchange forwards/optionsInterest and sundry (income) expense$(25)$10 
(3)Change in gain (loss) recognized in OCI (effective portion) for the three months ended June 30, 2025 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year.
(4)Change in gain (loss) reclassified from OCI into earnings (effective portion) for the three months ended June 30, 2025 was primarily driven by fluctuations in currency, commodity prices and interest rates.
(5)The tax impact of the cash flow hedges was $14 million and $(14) million for the three months ended June 30, 2025 and 2024, respectively.
(6)Change in foreign exchange forwards/options and cross-currency swaps is primarily driven by the currency change in the Euro year-over-year.
Six Months Ended June 30,
Gain (Loss)
Recognized in OCI
(Effective Portion) (7)(9)
Millions of dollars20252024
Cash flow hedges
     Commodity swaps/options$4 $19 
     Foreign exchange forwards/options(10)
(72)44 
     Cross-currency swaps(10)
(77)22 
$(145)$85 
Six Months Ended June 30,
Location of Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)
Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)(8)(9)
Cash Flow Hedges - Millions of dollars20252024
Commodity swaps/options Cost of products sold$(1)$— 
Foreign exchange forwards/optionsNet sales(1)1 
Foreign exchange forwards/optionsCost of products sold8 (16)
Foreign exchange forwards/optionsInterest and sundry (income) expense13 2 
Cross-currency swaps(10)
Interest and sundry (income) expense(87)22 
Interest rate derivatives(11)
Interest and sundry (income) expense30 — 
$(38)$9 
Six Months Ended June 30,
Location of Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges		Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges
Derivatives not Accounted for as Hedges - Millions of dollars20252024
Foreign exchange forwards/optionsInterest and sundry (income) expense$(36)$8 
(7)Change in gain (loss) recognized in OCI (effective portion) for the six months ended June 30, 2025 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year.
(8)Change in gain (loss) reclassified from OCI into earnings (effective portion) for the six months ended June 30, 2025 was primarily driven by fluctuations in currency, commodity prices and interest rates.
(9)The tax impact of the cash flow hedges was $30 million and $(23) million for the six months ended June 30, 2025 and 2024, respectively.
(10)Change in foreign exchange forwards/options and cross-currency swaps is primarily driven by the currency change in the Euro year-over-year.
(11)The OCI release on the interest rate derivative was driven by an assessment in the period which determined that the forecasted debt transaction was determined to be not probable of occurring.

For cash flow hedges, the amount of ineffectiveness recognized in interest and sundry (income) expense was nominal for the periods ended June 30, 2025 and 2024. There were no hedges designated as fair value for the periods ended June 30, 2025 and 2024. The net amount of unrealized gain or loss on derivative instruments included in accumulated OCI related to contracts maturing and expected to be realized during the next twelve months is a gain of $35 million at June 30, 2025.
v3.25.2
FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions market participants would use in pricing an asset or liability. Assets and liabilities measured at fair value are based on a market valuation approach using prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. As a basis for considering such assumptions, a three-tiered fair value hierarchy is established, which prioritizes the inputs used in measuring fair value as follows: (Level 1)
observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets that are observable, either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
The following table summarizes the valuation of our assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024:
Fair Value
Millions of dollarsTotal Cost BasisLevel 1Level 2Total
Measured at fair value on a recurring basis:20252024202520242025202420252024
Short-term investments (1)
$762 $1,000 $417 $705 $345 $295 $762 $1,000 
Net derivative contracts— — — — (161)8 (161)8 
(1)Short-term investments are primarily comprised of money market funds and highly liquid, low risk investments with initial maturities less than 90 days.
The non-recurring fair values represent only those assets whose carrying values were adjusted to fair value during the reporting period.
European Major Domestic Appliance Business
During 2024, the fair value of the European major domestic appliance disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates (Level 3 inputs). Subsequent to closing of the transaction, the Company holds an equity interest of 25% in Beko. The fair value of the investment in Beko at the date of deconsolidation was calculated based on a discounted cash flow analysis and multiple market data points (Level 3 input).
For additional information see Note 14 to the Consolidated Condensed Financial Statements.
Other Fair Value Measurements
The fair value of long-term debt (including current maturities) was $6.1 billion and $6.2 billion at June 30, 2025 and December 31, 2024, respectively, and was estimated using discounted cash flow analysis based on incremental borrowing rates for similar types of borrowing arrangements (Level 2 input).
v3.25.2
STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2025
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		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 
 TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
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 income3 — 3 — — — 
Comprehensive income (loss)(250)(259)3 — — 6 
Stock issued (repurchased)(45)— — (45)— — 
Sale of minority interest in subsidiary462 — 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 income17 — 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 $137 million related to pension has been deconsolidated from accumulated other comprehensive income (loss) as part of deconsolidation of European major appliance business as of April 1, 2024. These amounts have been included in the loss on disposal as disclosed in FN 14.
Other Comprehensive Income (Loss)
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
Three Months Ended June 30,
20252024
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$(217)$— $(217)$(23)$— $(23)
Cash flow hedges(52)15 (37)44 (14)30 
Pension and other postretirement benefits plans10 (3)7 10 — 10 
Other comprehensive income (loss)(259)12 (247)31 (14)17 
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$(259)$12 $(247)$31 $(14)$17 
Six Months Ended June 30,
20252024
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$(299)$— $(299)$(51)$— $(51)
Cash flow hedges(105)31 (74)76 (23)53 
Pension and other postretirement benefits plans19 (5)14 20 (2)18 
Other comprehensive income (loss)(385)26 (359)45 (25)20 
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$(385)$26 $(359)$45 $(25)$20 
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 EndedSix Months Ended
Millions of dollars(Gain) Loss Reclassified(Gain) Loss ReclassifiedClassification in Earnings
Pension and postretirement benefits, pre-tax$10 $17 Interest and sundry (income) expense
Total$10 $17 
Net earnings (loss) per Share
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 shares2025202420252024
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 shares55.9 54.9 55.7 54.9 
Effect of dilutive securities - share-based compensation0.2 0.1 0.2 — 
Denominator for diluted earnings per share - adjusted weighted-average shares56.1 55.0 55.9 54.9 
Anti-dilutive stock options/awards excluded from earnings per share1.2 1.8 1.2 2.0 
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, 2025, we did not repurchase any shares under the share repurchase program. At June 30, 2025, 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.
v3.25.2
RESTRUCTURING CHARGES
 6 Months Ended
Jun. 30, 2025
Restructuring Charges [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
We periodically take action to improve operating efficiencies, typically in connection with business acquisitions or changes in the economic environment. Our footprint and headcount reductions and organizational integration actions relate to discrete, unique restructuring events, primarily reflected in the following plans.
In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $21 million, of which we incurred $14 million in employee termination costs and $7 million other associated costs. The majority of these expenses were paid in 2024.
During the second quarter of 2024, the Company evaluated additional restructuring actions as part of the Company's organizational simplification efforts. Total costs for these actions were $50 million, primarily in employee termination costs, which were incurred within the second quarter of 2024.
In the first quarter of 2025, additional restructuring actions were announced related to organizational simplification efforts. Total costs for these actions were $11 million for the six months ended June 30, 2025.
The following table summarizes the changes to our restructuring liability during the six months ended June 30, 2025:
Millions of DollarsDecember 31, 2024Charge to EarningsCash PaidJune 30, 2025
Employee Termination$4 $8 $(8)$4 
Asset Impairment— 2 — 2 
Other exit costs2 1 (1)2 
Total$6 $11 $(9)$8 
The following table summarizes the restructuring charges by operating segment for the periods presented:
Millions of dollarsThree Months Ended June 30, Six Months Ended June 30,
2025202420252024
MDA North America$1 $22 $6 $27 
MDA Latin America1 18 3 21 
MDA Asia— 5 — 6 
SDA Global— 4 — 4 
Corporate/Other— 1 2 15 
Total$2 $50 $11 $73 
v3.25.2
INCOME TAXES
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Income tax expense was $29 million and $72 million for the three and six months ended June 30, 2025, compared to income tax benefit of $(206) million and $(130) million for the same periods of 2024. The increase in tax expense in 2025 is primarily due to prior year tax benefits (partially offset by valuation allowances) related to legal entity restructuring projects in connection with the disposal of our European major appliance business and higher earnings in the current periods.
The following table summarizes the difference between income tax expense (benefit) at the U.S. statutory rate of 21% and the income tax expense (benefit) at effective worldwide tax rates for the respective periods:
Three Months Ended June 30, Six Months Ended June 30,
Millions of dollars2025202420252024
Earnings (Loss) before income taxes$121 $30 $260 $(148)
Income tax expense (benefit) computed at United States statutory tax rate25 6 55 (31)
State and local taxes, net of federal tax benefit2 (54)15 (55)
Valuation allowances(3)386 (2)405 
Audit and Settlements7 11 8 13 
U.S. foreign income items, net of credits(2)(2)(4)(15)
Sale of minority shares and capital gains— (2)— 77 
Legal Entity restructuring tax impact— (559)— (594)
Non deductible impairments— 15 — 64 
Non deductible fines and penalties— — — — 
Other— (7)1 6 
Income tax expense (benefit) computed at effective worldwide tax rates$29 $(206)$72 $(130)
At the end of each interim period, we estimate the effective tax rate expected to be applicable for the full fiscal year and the impact of discrete items, if any, and adjust the quarterly rate as necessary.
v3.25.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our reportable segments consist of Major Domestic Appliances ("MDA") North America; MDA Latin America; MDA Asia; and Small Domestic Appliances ("SDA") Global. The MDA Europe business was deconsolidated upon the completion of the European contribution agreement transaction with Arcelik as of April 1, 2024. 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.
The tables below summarize performance by operating segment for the periods presented:
Three Months Ended June 30,
 OPERATING SEGMENTS
MDA North
America		MDA Latin
America		MDA AsiaSDA GlobalOther / EliminationsTotal
Whirlpool
Net sales
2025$2,446 $806 $320 $201 $— $3,773 
20242,567 895 340 187 — 3,989 
Cost of Products Sold
2025$2,085 $691 $271 $121 $(6)$3,162 
20242,202 761 292 108 — 3,363 
Other segment expenses/(income)
2025$216 $67 $26 $45 $66 $420 
2024201 82 28 53 150 514 
EBIT
2025$144 $48 $23 $35 $(60)$190 
2024163 52 21 26 (150)112 
Intersegment sales
2025$22 $305 $9 $— $(336)$— 
202434 318 12 1 (365)— 
Total assets
June 30, 2025$10,003 $3,826 $1,247 $1,211 $472 $16,759 
December 31, 2024
9,693 3,813 1,147 1,087 561 16,301 
Capital expenditures
2025$36 $31 $4 $7 $4 $82 
202453 47 1 1 11 113 
Depreciation and amortization
2025$42 $14 $5 $5 $14 $80 
202442 14 4 5 16 81 
Six Months Ended June 30,
 OPERATING SEGMENTS
MDA North
America		MDA Latin AmericaMDA Asia
MDA Europe (1)
SDA GlobalOther / EliminationsTotal
Whirlpool
Net sales
2025$4,864 $1,543 $588 $— $397 $— $7,393 
20244,994 1,732 579 804 369 — 8,478 
Cost of Products Sold
2025$4,129 $1,322 $495 $— $239 $(9)$6,176 
20244,300 1,469 499 726 220 (3)7,211 
Other segment expenses/(income)
2025$442 $124 $52 $— $87 $122 $827 
2024396 146 48 87 89 476 1,242 
EBIT
2025$293 $96 $42 $— $71 $(112)$390 
2024298 116 31 (9)60 (472)24 
Intersegment sales
2025$53 $635 $21 $— $— $(709)$— 
202467 622 22 23 11 (745)— 
Total assets
June 30, 2025$10,003 $3,826 $1,247 $— $1,211 $472 $16,759 
December 31, 20249,693 3,813 1,147 — 1,087 561 16,301 
Capital expenditures
2025$75 $59 $7 $— $9 $4 $154 
202495 87 4 22 3 17 228 
Depreciation and amortization
2025$86 $30 $9 $— $9 $29 $163 
202490 32 10 — 8 30 170 
(1) MDA Europe consisted of our European major domestic appliance business which was contributed to Beko Europe as of April 1, 2024. See Note 14 to the Consolidated Condensed Financial Statements for additional information on the transaction.
The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
Three Months Ended June 30, Six Months Ended June 30,
in millions2025202420252024
Items not allocated to segments:
Restructuring charges$(2)$(50)$(10)$(73)
(Loss) gain on sale and disposal of businesses— (45)— (292)
Corporate expenses and other(58)(55)(102)(107)
Total other/eliminations$(60)$(150)$(112)$(472)
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 June 30, Six Months Ended June 30,
in millions2025202420252024
Operating profit$204 $130 $389 $14 
Interest and sundry (income) expense(4)7 (36)(21)
Equity method investment income (loss), net of tax(18)(11)(35)(11)
Total EBIT$190 $112 $390 $24 
Interest expense86 93 164 183 
Income tax expense29 (206)72 (130)
Net earnings (loss)$75 $225 $153 $(29)
Less: Net earnings available to noncontrolling interests9 6 17 11 
Net earnings (loss) available to Whirlpool$65 $219 $137 $(40)
v3.25.2
ACQUISITIONS AND DIVESTITURES
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Discontinued Operations and Disposal Groups [Abstract]  
ACQUISITIONS AND DIVESTITURES ACQUISITIONS AND DIVESTITURES
European Major Domestic Appliance Business Held for Sale
On January 16, 2023, Whirlpool entered into a contribution agreement with Arcelik to carve out and contribute our major domestic appliance European business operations into a newly formed European appliance company which constitutes a combination of Arcelik's and Whirlpool's European businesses. The sale included the Company's major domestic appliance business in EMEA, including nine production sites.
On June 22, 2023, Whirlpool entered into a share purchase agreement with Arcelik for the sale of our MENA business. The sale was previously agreed upon in principle and announced on January 17, 2023, as part of the outcome of Whirlpool’s strategic review of the EMEA business. The financial impact of the MENA transaction was included in the loss on sale and disposal of businesses related to the European major domestic appliance business transaction as discussed further below.
The disposal group met the criteria for held for sale accounting during the fourth quarter of 2022. The operations of the European disposal group did not meet the criteria to be presented as discontinued operations.
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25% and Arcelik owns approximately 75% of the European appliance company Beko Europe. In connection with the transactions, we recorded a loss on disposal of $1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $1.2 billion of the disposal group to a fair value of $139 million and also includes $393 million of cumulative currency translation adjustments, $98 million of other comprehensive loss on pension and $18 million of other transaction related costs. No goodwill was included in the disposal group.
We recorded adjustments of $404 million, including $45 million and $292 million, respectively, for the three and six months ended June 30, 2024, resulting in a total loss of $1.9 billion for the transaction. These adjustments are recorded in the loss on sale of disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction.
Both Whirlpool and Arcelik retain an option for Arcelik to purchase the remaining equity interest in Beko for fair value, which could be material to the financial statements of the Company, depending on the performance of the business.
Whirlpool India share sale
On February 20, 2024, the Company’s wholly-owned subsidiary, Whirlpool Mauritius Limited (“Seller”), executed the sale of 30.4 million equity shares of Whirlpool India via an on-market trade. The sale, which was accounted for as an equity transaction, reduced Seller’s ownership in Whirlpool India from 75% to 51%, and generated proceeds of $462 million on settlement.
We have announced our intent to reduce our ownership stake in Whirlpool India and continue to evaluate various transaction structures, including via market sale and negotiated transaction. We are targeting transaction completion around the end of 2025. Transaction proceeds are expected to further reduce debt. Sale of Whirlpool India is subject to Company board approval, and we have not recorded any impact relating to this announcement as of June 30, 2025.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Pay vs Performance Disclosure        
Net Income (Loss) $ 65 $ 219 $ 137 $ (40)
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
BASIS OF PRESENTATION (Policies)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
General Information
The accompanying unaudited Consolidated Condensed Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by U.S. GAAP for complete financial statements. As a result, this Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Form 10-K for the year ended December 31, 2024.
Management believes that the accompanying Consolidated Condensed Financial Statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods.
Consolidation
We have eliminated all material intercompany transactions in our Consolidated Condensed Financial Statements. We do not consolidate the financial statements of any company in which we have an ownership interest of 50% or less, unless that company is deemed to be a variable interest entity ("VIE") of which we are the primary beneficiary. VIEs are consolidated when the company is the primary beneficiary of these entities and has the ability to directly impact the activities of these entities.
Change in Presentation
In 2024, the Company changed its rounding presentation. Certain columns and rows within the consolidated condensed financial statements and tables presented may not sum due to rounding, and percentages have been calculated from the underlying whole-dollar amounts. This change is immaterial and does not impact the comparability of our consolidated condensed financial statements.
Reclassifications
We reclassified certain prior period amounts in the Consolidated Condensed Financial Statements to conform with current year presentation.
Risks and Uncertainties
The Consolidated Condensed Financial Statements presented herein reflect estimates and assumptions made by management at June 30, 2025.
These estimates and assumptions affect, among other things, the Company’s goodwill, long-lived asset and indefinite-lived intangible asset valuation; inventory valuation; assessment of the annual effective tax rate; valuation of deferred income taxes and income tax contingencies; and the allowance for expected credit losses and bad debt. Events and changes in circumstances arising after July 29, 2025, including those resulting from the impacts of macroeconomic volatility including with respect to trade and tariffs, as well as the ongoing international conflicts, will be reflected in management’s estimates for future periods.
Goodwill and Indefinite-lived Intangible Assets
We continue to monitor the significant global economic uncertainty to assess the outlook for demand for our products and the impact on our business and our overall financial performance. The results of the annual assessment performed as of October 1, 2024 determined that the carrying value of the Maytag trademark exceeded its fair value by $381 million. The trademark remains at risk for future impairment at June 30, 2025. The InSinkErator trademark is also at risk for impairment at June 30, 2025. The goodwill in our reporting units or other indefinite-lived intangible assets are not presently at risk for future impairment.
The potential impact of demand disruptions, production impacts or supply constraints along with a number of other factors could negatively affect revenues for the Maytag and InSinkErator trademarks, but we remain committed to the strategic actions necessary to realize the long-term forecasted revenues and profitability of these trademarks.
A lack of recovery or further deterioration in market conditions, a sustained trend of weaker than expected financial performance for our Maytag and InSinkErator trademarks, among other factors, as a result of the macroeconomic factors or other unforeseen events could result in an impairment charge in future periods which could have a material adverse effect on our financial statements.
As a result of our analysis, and in consideration of the totality of events and circumstances, there were no triggering events of impairment identified during the second quarter of 2025.
Income taxes
Under U.S. GAAP, the Company calculates its quarterly tax provision based on an estimated effective tax rate for the year and then adjusts this amount by certain discrete items each quarter. Potential changing and volatile macroeconomic conditions could cause fluctuations in forecasted earnings before income taxes. As such, the Company's effective tax rate could be subject to volatility as forecasted earnings before income taxes are impacted by events which cannot be predicted.
In addition, potential future economic deterioration brought on by the trade and tariff landscape, ongoing international conflicts, and related sanctions or other factors, such as potential sales of businesses and new tax legislation may negatively impact the realizability and/or valuation of certain deferred tax assets.
Synthetic Lease Arrangements
We have a number of synthetic lease arrangements with financial institutions for non-core properties. The leases contain provisions for options to purchase, extend the original term for additional periods or return the property. As of June 30, 2025 and December 31, 2024, these arrangements include residual value guarantees of up to approximately $403 million and $405 million, respectively, that could potentially come due in future periods. We do not believe it is probable that any material amounts will be owed under these guarantees. Therefore, no material amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
The majority of these leases are classified as operating leases. We have assessed the reasonable certainty of these provisions to determine the appropriate lease term. The leases were measured using our incremental borrowing rate and are included in our right of use assets and lease liabilities in the Consolidated Condensed Balance Sheets. Rental payments are calculated at the applicable reference rate plus an additional amount based on the terms of the lease. The impact to the Consolidated Condensed Balance Sheets and Consolidated Condensed Statements of Comprehensive Income (Loss) is nominal.
Supply Chain Financing Arrangements
The Company has ongoing agreements globally with various third-parties to provide certain suppliers the opportunity to sell receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. Under these agreements, the average payment terms range from 120 to 180 days and are based on industry standards and best practices within each of our global regions. Whirlpool has no assets pledged as part of our global programs.
We have no economic interest in the sale of these receivables and no direct financial relationship with the financial institutions concerning these services. For certain arrangements, the Company will guarantee receivables due from wholly-owned subsidiaries. Our obligations to suppliers, including amounts due and scheduled payment terms, are not impacted. All outstanding balances under these programs are recorded in accounts payable on our Consolidated Condensed Balance Sheets.
Equity Method Investments
Our primary equity method investments include partial ownership in Whirlpool China, an entity that was previously controlled by the Company, and partial ownership in Beko Europe B.V. ("Beko Europe"), a newly formed entity resulting from the April 1, 2024 transaction with Arçelik A.S. (“Arcelik”). For additional information, see Note 14 to the Consolidated Condensed Financial Statements.
The licensing revenue from our equity method investments and their subsidiaries is not material for the periods presented. There are also no material accounts receivable or sales with these investments for the periods presented.
Related Parties Elica PB India is a VIE for which the Company is the primary beneficiary. The
carrying amount of goodwill amounts to $86 million and the carrying amount of customer relationships, which are included in Other intangible assets, net of accumulated amortization, amounts to $25 million as of June 30, 2025 and $26 million as of December 31, 2024, respectively. Other assets or liabilities of Elica PB India are not material to the Consolidated Condensed Financial Statements of the Company for the periods presented.
Both Whirlpool India and the non-controlling interest shareholders retain an option for Whirlpool India to purchase the remaining equity interest in Elica PB India for fair value, which could be material to the financial statements of the Company, depending on the performance of the business.
Accounting Pronouncements Issued But Not Yet Effective
In December 2023, the FASB issued Update 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This Update applies to all entities that are subject to Topic 740. The amendments in this Update improve income tax disclosures primarily related to the rate reconciliation and income taxes paid information as well as the effectiveness of certain other income tax disclosures. The new standard is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The standard should be applied on a prospective basis, but retrospective application is permitted. The Company will adopt this standard beginning with the Form 10-K for the fiscal year ending December 31, 2025 and is still determining the potential impact to the financial statements.
In November 2024, the FASB issued Update 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)". This update applies to all public business entities. The FASB is issuing this Update to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of products sold, SG&A, and research and development). The new standard is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of adopting this new standard.
All other issued and not yet effective accounting standards are not relevant or material to the Company.
Derivatives
Hedging Strategy
In the normal course of business, we manage risks relating to our ongoing business operations including those arising from changes in commodity prices, foreign exchange rates and interest rates. Fluctuations in these rates and prices can affect our operating results and financial condition. We use a variety of strategies, including the use of derivative instruments, to manage these risks. We do not enter into derivative financial instruments for trading or speculative purposes.
Commodity Price Risk
We enter into commodity derivative contracts on various commodities to manage the price risk associated with forecasted purchases of materials used in our manufacturing process. The objective of these hedges is to reduce the variability of cash flows associated with the forecasted purchases of commodities.
Foreign Currency and Interest Rate Risk
We incur expenses associated with the procurement and production of products in a limited number of countries, while we sell in the local currencies of a large number of countries. Our primary foreign currency exchange exposures result from cross-currency sales of products. As a result, we enter into foreign exchange contracts to hedge certain firm commitments and forecasted transactions to acquire products and services that are denominated in foreign currencies. We enter into certain undesignated non-functional currency asset and liability hedges that relate primarily to short-term payables, receivables, intercompany loans and dividends. When we hedge a foreign currency denominated payable or receivable with a derivative, the effect of changes in the foreign exchange rates are reflected currently in interest and sundry (income) expense for both the payable/receivable and the derivative. Therefore, as a result of the economic hedge, we do not elect hedge accounting.
We also enter into hedges to mitigate currency risk primarily related to forecasted foreign currency denominated expenditures, intercompany financing agreements and royalty agreements and designate them as cash flow hedges. Gains and losses on derivatives designated as cash flow hedges, to the extent they are included in the assessment of effectiveness, are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur.
We may enter into cross-currency interest rate swaps to manage our exposure relating to cross-currency debt. Outstanding notional amounts of cross-currency interest rate swap agreements were $618 million at June 30, 2025 and December 31, 2024, respectively.
We may enter into interest rate swap agreements to manage interest rate risk exposure. Our interest rate swap agreements, if any, effectively modify our exposure to interest rate risk, primarily through converting certain floating rate debt to a fixed rate basis, and certain fixed rate debt to a floating rate basis. These agreements involve either the receipt or payment of floating rate amounts in exchange for fixed rate interest payments or receipts, respectively, over the life of the agreements without an exchange of the underlying principal amounts. We may enter into swap rate lock agreements to effectively reduce our exposure to interest rate risk by locking in interest rates on probable long-term debt issuances. There were no outstanding notional amounts of interest rate swap agreements at June 30, 2025 and December 31, 2024.
We may enter into instruments that are designated and qualify as a net investment hedge to manage our exposure related to foreign currency denominated investments. The effective portion of the instruments' gain or loss is reported as a component of other comprehensive income (loss) and recorded in accumulated other comprehensive loss. The gain or loss will be subsequently reclassified into net earnings when the underlying net investment is either sold or substantially liquidated. The remaining change in fair value of the hedge instruments represents the ineffective portion, which is immediately recognized in interest and sundry (income) expense on our Consolidated Condensed Statements of Comprehensive Income (Loss). There were no outstanding notional amounts of net investment hedges as of June 30, 2025 and December 31, 2024.
Fair Value Measurements
Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions market participants would use in pricing an asset or liability. Assets and liabilities measured at fair value are based on a market valuation approach using prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. As a basis for considering such assumptions, a three-tiered fair value hierarchy is established, which prioritizes the inputs used in measuring fair value as follows: (Level 1)
observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets that are observable, either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
v3.25.2
BASIS OF PRESENTATION (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Supplier Finance Program The following table summarizes the changes in outstanding obligations for the periods presented:
Millions of dollarsOutstanding Obligations
Confirmed obligations outstanding as of December 31, 2024
$794 
Invoices confirmed during the period1,164 
Confirmed invoices paid during the period(1,250)
Impact of foreign currency39
Confirmed obligations outstanding as of June 30, 2025
$748 
Schedule of Equity Method Investments
The following table summarizes the amounts related to the Company's primary equity method investments during the periods presented.
Millions of dollarsJune 30, 2025December 31, 2024
Percentage OwnershipCarrying AmountPercentage OwnershipCarrying Amount
Beko Europe B.V.25 %$36 25 %$74 
Whirlpool China20 %$190 20 %$191 
The following tables summarize the amounts recorded related to the Company's primary equity method investments during the periods presented.
Millions of dollarsJune 30, 2025December 31, 2024
Accounts Payable$129 $101 
Millions of dollarsSix Months Ended June 30,
20252024
Purchases$190 $137 
v3.25.2
REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents our disaggregated revenues by revenue source. For additional information on the disaggregated revenues by operating segment, see Note 13 to the Consolidated Condensed Financial Statements.
Three Months Ended June 30,
Six Months Ended June 30,
Millions of dollars2025202420252024
Major product categories:
Laundry$1,075 $1,087 $2,101 $2,351 
Refrigeration1,225 1,299 2,324 2,553 
Cooking820 907 1,659 1,969 
Dishwashing271 272 567 701 
Total major product category net sales $3,391 $3,565 $6,651 $7,574 
Spare parts and warranties136 141 272 380 
Other246 283 470 524 
Total net sales$3,773 $3,989 $7,393 $8,478 
Schedule of Allowance for Doubtful Financing Receivables
The following table summarizes our allowance for expected credit losses and bad debt expense by operating segment for the six months ended June 30, 2025:
Millions of dollars
December 31, 2024
Charged to EarningsWrite-offsForeign CurrencyOther June 30, 2025
Accounts receivable allowance
MDA North America$8 $2 $(1)$— $— $9 
MDA Latin America33 — — 4 — 37 
MDA Asia3 — — — — 3 
SDA Global2 — — — — 2 
Consolidated$46 $2 $(1)$4 $— $51 
Financing receivable allowance
MDA Latin America$23 $— $— $3 $— $26 
Consolidated$69 $2 $(1)$7 $— $77 
v3.25.2
INVENTORIES (Tables)
 6 Months Ended
Jun. 30, 2025
Inventory, Net [Abstract]  
Schedule of Inventory
The following table summarizes our inventories at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Finished products$2,035 $1,463 
Raw materials and work in process565 572 
Total Inventories$2,600 $2,035 
v3.25.2
PROPERTY, PLANT AND EQUIPMENT (Tables)
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
The following table summarizes our property, plant and equipment at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Land$36 $36 
Buildings1,047 981 
Machinery and equipment6,803 6,673 
Accumulated depreciation(5,585)(5,414)
Property, plant and equipment, net $2,300 $2,275 
v3.25.2
FINANCING ARRANGEMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Notes Payable
The following table summarizes the carrying value of notes payable at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Commercial paper$177 $— 
Short-term borrowings due to banks981 18 
Total notes payable$1,158 $18 
v3.25.2
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Reserves The following table summarizes the changes in total product warranty reserves for the periods presented:
Product Warranty
Millions of dollars20252024
Balance at January 1 $196 $206 
Issuances/accruals during the period111 105 
Settlements made during the period/other(113)(114)
Balance at June 30
$194 $197 
Current portion$130 $137 
Non-current portion64 60 
Total$194 $197 
v3.25.2
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Components of Net Periodic Benefit Cost
The following table summarizes the components of net periodic pension cost and the cost of other postretirement benefits for the periods presented:
Three Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Service cost$— $1 $— $1 $— $— 
Interest cost24 25 1 1 2 2 
Expected return on plan assets(30)(37)— — — — 
Amortization:
Actuarial loss10 10 — — — — 
Prior service credit— — — — (1)— 
Settlement and curtailment (gain) loss— — — — — — 
Net periodic benefit cost (credit)$4 $(1)$1 $2 $1 $2 
Six Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Service cost$1 $1 $1 $1 $— $— 
Interest cost48 51 2 8 3 3 
Expected return on plan assets(59)(73)(1)(6)— — 
Amortization:
Actuarial loss20 20 — 1 — — 
Prior service credit— — — — (1)— 
Settlement and curtailment (gain) loss— — (2)— — — 
Net periodic benefit cost (credit)$10 $(1)$— $4 $2 $3 
Schedule of Net Periodic Cost Recognized in Operating Profit and Interest and Sundry (Income) Expense
The following table summarizes the net periodic cost recognized in operating profit and interest and sundry (income) expense for the periods presented:
Three Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Operating (profit) loss
$— $1 $— $1 $— $— 
Interest and sundry (income) expense4 (2)1 1 1 2 
Net periodic benefit cost$4 $(1)$1 $2 $1 $2 
Six Months Ended June 30,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Operating (profit) loss
$1 $1 $1 $1 $— $— 
Interest and sundry (income) expense9 (2)(1)3 2 3 
Net periodic benefit cost (credit)$10 $(1)$— $4 $2 $3 
v3.25.2
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table summarizes our outstanding derivative contracts and their effects in our Consolidated Condensed Balance Sheets at June 30, 2025 and December 31, 2024.
  Fair Value of 
Notional AmountHedge AssetsHedge LiabilitiesMaximum Term (Months)
Millions of dollars20252024202520242025202420252024
Derivatives accounted for as hedges(1)
Commodity swaps/options$352 $204 $16 $5 $10 $9 (CF)3024
Foreign exchange forwards/options812 967 1 52 36 2 (CF/NI)1515
Cross-currency swaps(2)
618 618 4 6 123 47 (CF)4450
Total derivatives accounted for as hedges$21 $63 $169 $58 
Derivatives not accounted for as hedges
Foreign exchange forwards/options 934 473 2 5 15 1 N/A1312
Total derivatives not accounted for as hedges2 5 15 1 
Total derivatives$23 $68 $184 $59 
Current$16 $65 $59 $11 
Noncurrent7 3 125 48 
Total derivatives$23 $68 $184 $59 
(1)Derivatives accounted for as hedges are considered cash flow (CF) hedges.
(2)Change in cross-currency swaps is primarily driven by the currency change in the Euro year-over-year.
Schedule of Effects of Derivative Instruments on Consolidated Statements of Income (Loss)
The following tables summarize the effects of derivative instruments on our Consolidated Condensed Statements of Comprehensive Income (Loss) for the periods presented:
Three Months Ended June 30,
Gain (Loss)
Recognized in OCI
(Effective Portion ) (3)(5)
Millions of dollars20252024
Cash flow hedges
     Commodity swaps/options$(1)$14 
     Foreign exchange forwards/options(6)
(47)29 
     Cross-currency swaps(6)
(60)9 
$(108)$52 
Three Months Ended June 30,
Location of Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)
Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)(4)(5)
Cash Flow Hedges - Millions of dollars20252024
Commodity swaps/options Cost of products sold$(2)$2 
Foreign exchange forwards/optionsNet sales(1)— 
Foreign exchange forwards/optionsCost of products sold3 (3)
Foreign exchange forwards/optionsInterest and sundry (income) expense3 3 
Cross-currency swaps(6)
Interest and sundry (income) expense(59)5 
$(56)$7 
Three Months Ended June 30,
Location of Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges		Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges
Derivatives not Accounted for as Hedges - Millions of dollars20252024
Foreign exchange forwards/optionsInterest and sundry (income) expense$(25)$10 
(3)Change in gain (loss) recognized in OCI (effective portion) for the three months ended June 30, 2025 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year.
(4)Change in gain (loss) reclassified from OCI into earnings (effective portion) for the three months ended June 30, 2025 was primarily driven by fluctuations in currency, commodity prices and interest rates.
(5)The tax impact of the cash flow hedges was $14 million and $(14) million for the three months ended June 30, 2025 and 2024, respectively.
(6)Change in foreign exchange forwards/options and cross-currency swaps is primarily driven by the currency change in the Euro year-over-year.
Six Months Ended June 30,
Gain (Loss)
Recognized in OCI
(Effective Portion) (7)(9)
Millions of dollars20252024
Cash flow hedges
     Commodity swaps/options$4 $19 
     Foreign exchange forwards/options(10)
(72)44 
     Cross-currency swaps(10)
(77)22 
$(145)$85 
Six Months Ended June 30,
Location of Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)
Gain (Loss) Reclassified from
OCI into Earnings
(Effective Portion)(8)(9)
Cash Flow Hedges - Millions of dollars20252024
Commodity swaps/options Cost of products sold$(1)$— 
Foreign exchange forwards/optionsNet sales(1)1 
Foreign exchange forwards/optionsCost of products sold8 (16)
Foreign exchange forwards/optionsInterest and sundry (income) expense13 2 
Cross-currency swaps(10)
Interest and sundry (income) expense(87)22 
Interest rate derivatives(11)
Interest and sundry (income) expense30 — 
$(38)$9 
Six Months Ended June 30,
Location of Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges		Gain (Loss) Recognized on Derivatives not
Accounted for as Hedges
Derivatives not Accounted for as Hedges - Millions of dollars20252024
Foreign exchange forwards/optionsInterest and sundry (income) expense$(36)$8 
(7)Change in gain (loss) recognized in OCI (effective portion) for the six months ended June 30, 2025 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year.
(8)Change in gain (loss) reclassified from OCI into earnings (effective portion) for the six months ended June 30, 2025 was primarily driven by fluctuations in currency, commodity prices and interest rates.
(9)The tax impact of the cash flow hedges was $30 million and $(23) million for the six months ended June 30, 2025 and 2024, respectively.
(10)Change in foreign exchange forwards/options and cross-currency swaps is primarily driven by the currency change in the Euro year-over-year.
(11)The OCI release on the interest rate derivative was driven by an assessment in the period which determined that the forecasted debt transaction was determined to be not probable of occurring.
v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes the valuation of our assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024:
Fair Value
Millions of dollarsTotal Cost BasisLevel 1Level 2Total
Measured at fair value on a recurring basis:20252024202520242025202420252024
Short-term investments (1)
$762 $1,000 $417 $705 $345 $295 $762 $1,000 
Net derivative contracts— — — — (161)8 (161)8 
(1)Short-term investments are primarily comprised of money market funds and highly liquid, low risk investments with initial maturities less than 90 days.
v3.25.2
STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Schedule of 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		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 
 TotalRetained
Earnings		Accumulated Other Comprehensive Income (Loss)Treasury Stock / Additional Paid-In-CapitalCommon
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 income3 — 3 — — — 
Comprehensive income (loss)(250)(259)3 — — 6 
Stock issued (repurchased)(45)— — (45)— — 
Sale of minority interest in subsidiary462 — 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 income17 — 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 $137 million related to pension has been deconsolidated from accumulated other comprehensive income (loss) as part of deconsolidation of European major appliance business as of April 1, 2024. These amounts have been included in the loss on disposal as disclosed in FN 14.
Schedule of Other Comprehensive Income (Loss)
The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented:
Three Months Ended June 30,
20252024
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$(217)$— $(217)$(23)$— $(23)
Cash flow hedges(52)15 (37)44 (14)30 
Pension and other postretirement benefits plans10 (3)7 10 — 10 
Other comprehensive income (loss)(259)12 (247)31 (14)17 
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$(259)$12 $(247)$31 $(14)$17 
Six Months Ended June 30,
20252024
Millions of dollarsPre-taxTax EffectNetPre-taxTax EffectNet
Currency translation adjustments$(299)$— $(299)$(51)$— $(51)
Cash flow hedges(105)31 (74)76 (23)53 
Pension and other postretirement benefits plans19 (5)14 20 (2)18 
Other comprehensive income (loss)(385)26 (359)45 (25)20 
Less: Other comprehensive income (loss) available to noncontrolling interests— — — — — — 
Other comprehensive income (loss) available to Whirlpool$(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 EndedSix Months Ended
Millions of dollars(Gain) Loss Reclassified(Gain) Loss ReclassifiedClassification 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 shares2025202420252024
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 shares55.9 54.9 55.7 54.9 
Effect of dilutive securities - share-based compensation0.2 0.1 0.2 — 
Denominator for diluted earnings per share - adjusted weighted-average shares56.1 55.0 55.9 54.9 
Anti-dilutive stock options/awards excluded from earnings per share1.2 1.8 1.2 2.0 
v3.25.2
RESTRUCTURING CHARGES (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring Charges [Abstract]  
Schedule of Restructuring Reserve
The following table summarizes the changes to our restructuring liability during the six months ended June 30, 2025:
Millions of DollarsDecember 31, 2024Charge to EarningsCash PaidJune 30, 2025
Employee Termination$4 $8 $(8)$4 
Asset Impairment— 2 — 2 
Other exit costs2 1 (1)2 
Total$6 $11 $(9)$8 
Schedule of Restructuring Charges by Segment
The following table summarizes the restructuring charges by operating segment for the periods presented:
Millions of dollarsThree Months Ended June 30, Six Months Ended June 30,
2025202420252024
MDA North America$1 $22 $6 $27 
MDA Latin America1 18 3 21 
MDA Asia— 5 — 6 
SDA Global— 4 — 4 
Corporate/Other— 1 2 15 
Total$2 $50 $11 $73 
v3.25.2
INCOME TAXES (Tables)
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table summarizes the difference between income tax expense (benefit) at the U.S. statutory rate of 21% and the income tax expense (benefit) at effective worldwide tax rates for the respective periods:
Three Months Ended June 30, Six Months Ended June 30,
Millions of dollars2025202420252024
Earnings (Loss) before income taxes$121 $30 $260 $(148)
Income tax expense (benefit) computed at United States statutory tax rate25 6 55 (31)
State and local taxes, net of federal tax benefit2 (54)15 (55)
Valuation allowances(3)386 (2)405 
Audit and Settlements7 11 8 13 
U.S. foreign income items, net of credits(2)(2)(4)(15)
Sale of minority shares and capital gains— (2)— 77 
Legal Entity restructuring tax impact— (559)— (594)
Non deductible impairments— 15 — 64 
Non deductible fines and penalties— — — — 
Other— (7)1 6 
Income tax expense (benefit) computed at effective worldwide tax rates$29 $(206)$72 $(130)
v3.25.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The tables below summarize performance by operating segment for the periods presented:
Three Months Ended June 30,
 OPERATING SEGMENTS
MDA North
America		MDA Latin
America		MDA AsiaSDA GlobalOther / EliminationsTotal
Whirlpool
Net sales
2025$2,446 $806 $320 $201 $— $3,773 
20242,567 895 340 187 — 3,989 
Cost of Products Sold
2025$2,085 $691 $271 $121 $(6)$3,162 
20242,202 761 292 108 — 3,363 
Other segment expenses/(income)
2025$216 $67 $26 $45 $66 $420 
2024201 82 28 53 150 514 
EBIT
2025$144 $48 $23 $35 $(60)$190 
2024163 52 21 26 (150)112 
Intersegment sales
2025$22 $305 $9 $— $(336)$— 
202434 318 12 1 (365)— 
Total assets
June 30, 2025$10,003 $3,826 $1,247 $1,211 $472 $16,759 
December 31, 2024
9,693 3,813 1,147 1,087 561 16,301 
Capital expenditures
2025$36 $31 $4 $7 $4 $82 
202453 47 1 1 11 113 
Depreciation and amortization
2025$42 $14 $5 $5 $14 $80 
202442 14 4 5 16 81 
Six Months Ended June 30,
 OPERATING SEGMENTS
MDA North
America		MDA Latin AmericaMDA Asia
MDA Europe (1)
SDA GlobalOther / EliminationsTotal
Whirlpool
Net sales
2025$4,864 $1,543 $588 $— $397 $— $7,393 
20244,994 1,732 579 804 369 — 8,478 
Cost of Products Sold
2025$4,129 $1,322 $495 $— $239 $(9)$6,176 
20244,300 1,469 499 726 220 (3)7,211 
Other segment expenses/(income)
2025$442 $124 $52 $— $87 $122 $827 
2024396 146 48 87 89 476 1,242 
EBIT
2025$293 $96 $42 $— $71 $(112)$390 
2024298 116 31 (9)60 (472)24 
Intersegment sales
2025$53 $635 $21 $— $— $(709)$— 
202467 622 22 23 11 (745)— 
Total assets
June 30, 2025$10,003 $3,826 $1,247 $— $1,211 $472 $16,759 
December 31, 20249,693 3,813 1,147 — 1,087 561 16,301 
Capital expenditures
2025$75 $59 $7 $— $9 $4 $154 
202495 87 4 22 3 17 228 
Depreciation and amortization
2025$86 $30 $9 $— $9 $29 $163 
202490 32 10 — 8 30 170 
(1) MDA Europe consisted of our European major domestic appliance business which was contributed to Beko Europe as of April 1, 2024. See Note 14 to the Consolidated Condensed Financial Statements for additional information on the transaction.
The following table summarizes the reconciling items in the Other/Eliminations column for total EBIT for the periods presented:
Three Months Ended June 30, Six Months Ended June 30,
in millions2025202420252024
Items not allocated to segments:
Restructuring charges$(2)$(50)$(10)$(73)
(Loss) gain on sale and disposal of businesses— (45)— (292)
Corporate expenses and other(58)(55)(102)(107)
Total other/eliminations$(60)$(150)$(112)$(472)
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 June 30, Six Months Ended June 30,
in millions2025202420252024
Operating profit$204 $130 $389 $14 
Interest and sundry (income) expense(4)7 (36)(21)
Equity method investment income (loss), net of tax(18)(11)(35)(11)
Total EBIT$190 $112 $390 $24 
Interest expense86 93 164 183 
Income tax expense29 (206)72 (130)
Net earnings (loss)$75 $225 $153 $(29)
Less: Net earnings available to noncontrolling interests9 6 17 11 
Net earnings (loss) available to Whirlpool$65 $219 $137 $(40)
v3.25.2
BASIS OF PRESENTATION - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Apr. 01, 2024
Schedule of Equity Method Investments [Line Items]        
Residual value guarantees $ 403 $ 403 $ 405  
Goodwill 3,325 3,325 3,322  
Variable Interest Entity, Primary Beneficiary | Customer Relationships | Equity Method Investee        
Schedule of Equity Method Investments [Line Items]        
Goodwill 86 86    
Finite-lived intangible assets, net $ 25 $ 25 $ 26  
Beko Europe B.V.        
Schedule of Equity Method Investments [Line Items]        
Equity interest percentage 25.00% 25.00% 25.00%  
Beko Europe B.V. | Level 3        
Schedule of Equity Method Investments [Line Items]        
Equity method investments, fair value       $ 186
Equity interest percentage     25.00%  
Whirlpool China        
Schedule of Equity Method Investments [Line Items]        
Fair value $ 221 $ 221    
Equity interest percentage 20.00% 20.00% 20.00%  
Elica PB India | Variable Interest Entity, Primary Beneficiary        
Schedule of Equity Method Investments [Line Items]        
Equity interest percentage 97.00% 97.00%    
Equity interest percentage, period increase 10.00%      
Minimum        
Schedule of Equity Method Investments [Line Items]        
Supply chain financing arrangements obligation, payment term 120 days 120 days    
Maximum        
Schedule of Equity Method Investments [Line Items]        
Supply chain financing arrangements obligation, payment term 180 days 180 days    
Maytag | Trademarks        
Schedule of Equity Method Investments [Line Items]        
Impairment of intangible assets (excluding goodwill)   $ 381    
v3.25.2
BASIS OF PRESENTATION - Schedule of Supplier Finance Program (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Supplier Finance Program Obligation Roll Forward [Abstract]  
Confirmed obligations outstanding as of December 31, 2024 $ 794
Invoices confirmed during the period 1,164
Confirmed invoices paid during the period (1,250)
Impact of foreign currency 39
Confirmed obligations outstanding as of June 30, 2025 $ 748
v3.25.2
BASIS OF PRESENTATION - Schedule of Equity Method Investees (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Beko Europe B.V.    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 25.00% 25.00%
Carrying Amount $ 36 $ 74
Whirlpool China    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 20.00% 20.00%
Carrying Amount $ 190 $ 191
v3.25.2
BASIS OF PRESENTATION - Schedule of Equity Method Investments (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]      
Accounts Payable $ 3,520   $ 3,530
Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Schedule of Equity Method Investments [Line Items]      
Accounts Payable 129   $ 101
Purchases $ 190 $ 137  
v3.25.2
REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Total net sales $ 3,773 $ 3,989 $ 7,393 $ 8,478
Total major product category net sales        
Disaggregation of Revenue [Line Items]        
Total net sales 3,391 3,565 6,651 7,574
Laundry        
Disaggregation of Revenue [Line Items]        
Total net sales 1,075 1,087 2,101 2,351
Refrigeration        
Disaggregation of Revenue [Line Items]        
Total net sales 1,225 1,299 2,324 2,553
Cooking        
Disaggregation of Revenue [Line Items]        
Total net sales 820 907 1,659 1,969
Dishwashing        
Disaggregation of Revenue [Line Items]        
Total net sales 271 272 567 701
Spare parts and warranties        
Disaggregation of Revenue [Line Items]        
Total net sales 136 141 272 380
Other        
Disaggregation of Revenue [Line Items]        
Total net sales $ 246 $ 283 $ 470 $ 524
v3.25.2
REVENUE RECOGNITION - Narrative (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]    
Performance obligation in previous period, percentage 1.00% 1.00%
v3.25.2
REVENUE RECOGNITION - Schedule of Allowance for Doubtful Accounts by Operating Segment (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Accounts receivable allowance  
Balance at beginning of period $ 46
Charged to Earnings 2
Write-offs (1)
Foreign Currency 4
Other 0
Balance at end of period 51
Financing receivable allowance  
Balance at beginning of period 69
Charged to Earnings 2
Write-offs (1)
Foreign Currency 7
Other 0
Balance at end of period 77
MDA North America  
Accounts receivable allowance  
Balance at beginning of period 8
Charged to Earnings 2
Write-offs (1)
Foreign Currency 0
Other 0
Balance at end of period 9
MDA Latin America  
Accounts receivable allowance  
Balance at beginning of period 33
Charged to Earnings 0
Write-offs 0
Foreign Currency 4
Other 0
Balance at end of period 37
Financing receivable allowance  
Balance at beginning of period 23
Charged to Earnings 0
Write-offs 0
Foreign Currency 3
Other 0
Balance at end of period 26
MDA Asia  
Accounts receivable allowance  
Balance at beginning of period 3
Charged to Earnings 0
Write-offs 0
Foreign Currency 0
Other 0
Balance at end of period 3
SDA Global  
Accounts receivable allowance  
Balance at beginning of period 2
Charged to Earnings 0
Write-offs 0
Foreign Currency 0
Other 0
Balance at end of period $ 2
v3.25.2
INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Inventory, Net [Abstract]    
Finished products $ 2,035 $ 1,463
Raw materials and work in process 565 572
Total Inventories $ 2,600 $ 2,035
v3.25.2
PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Accumulated depreciation $ (5,585) $ (5,414)
Property, plant and equipment, net 2,300 2,275
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment 36 36
Buildings    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment 1,047 981
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment $ 6,803 $ 6,673
v3.25.2
PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Property, Plant and Equipment [Abstract]    
Net book value of land, buildings, machinery and equipment disposals $ 4,000,000 $ 16,000,000
Net loss on disposals of land, buildings, machinery and equipment $ 0 $ 0
v3.25.2
FINANCING ARRANGEMENTS - Narrative (Details)
 1 Months Ended 6 Months Ended
Feb. 27, 2024
USD ($)
Sep. 23, 2022
USD ($)
Aug. 07, 2022
USD ($)
May 03, 2022
USD ($)
Jun. 30, 2025
USD ($)
tranche
Apr. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2025
USD ($)
tranche
Jun. 30, 2024
USD ($)
Jun. 11, 2025
USD ($)
Jun. 09, 2025
USD ($)
Dec. 31, 2024
USD ($)
Feb. 22, 2024
USD ($)
Debt Instrument [Line Items]                          
Repayments of long-term debt               $ 1,550,000,000 $ 801,000,000        
Accounts Receivable                          
Debt Instrument [Line Items]                          
Outstanding receivables transferred under arrangements, continued services         $ 136,000,000     136,000,000       $ 183,000,000  
Cash proceeds from sale of transferred receivables         259,000,000     259,000,000 $ 269,000,000        
Letter of Credit                          
Debt Instrument [Line Items]                          
Line of credit facility, maximum borrowing capacity         195,000,000     195,000,000       173,000,000  
Emerson’s InSinkErator Business                          
Debt Instrument [Line Items]                          
Business combination, consideration transferred     $ 3,000,000,000.0                    
Senior Notes                          
Debt Instrument [Line Items]                          
Debt instrument, face amount                   $ 1,500,000,000      
Line of Credit | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Outstanding borrowings         0     0       0  
6.125% Notes Maturing 2030 | Senior Notes                          
Debt Instrument [Line Items]                          
Debt instrument, face amount                     $ 600,000,000    
Debt instrument, interest rate, stated percentage                     6.125%    
Debt instrument, redemption price, percentage 101.00%                        
6.500% Notes Maturing 2033 | Senior Notes                          
Debt Instrument [Line Items]                          
Debt instrument, face amount                     $ 600,000,000    
Debt instrument, interest rate, stated percentage                     6.50%    
Debt instrument, redemption price, percentage 101.00%                        
5.750% Notes Maturing 2034 | Senior Notes                          
Debt Instrument [Line Items]                          
Debt instrument, face amount                         $ 300,000,000
Debt instrument, interest rate, stated percentage                         5.75%
Debt instrument, redemption price, percentage 101.00%                        
4.000% Notes Maturing 2024 | Senior Notes                          
Debt Instrument [Line Items]                          
Debt instrument, face amount $ 300,000,000                        
Debt instrument, interest rate, stated percentage 4.00%                        
Term Loan | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, face amount   $ 2,500,000,000                      
Outstanding borrowings         $ 300,000,000     $ 300,000,000          
Debt instrument, number of tranches | tranche         2     2          
Debt instrument, term   3 years                      
Minimum coverage ration for debt covenant   3.0                      
Term Loan | Secured Debt | Secured Overnight Financing Rate (SOFR)                          
Debt Instrument [Line Items]                          
Debt instrument, basis spread on variable rate   1.25%                      
Debt instrument, basis spread on variable rate, adjustment   0.10%                      
Term Loan | Secured Debt | Prime Rate                          
Debt Instrument [Line Items]                          
Debt instrument, basis spread on variable rate   0.00%                      
Term Loan | Line of Credit | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Repayments of long-term debt               $ 1,200,000,000          
Line of credit facility, maximum borrowing capacity         $ 1,500,000,000     1,500,000,000          
Term Loan, Tranche One | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, face amount         1,000,000,000     1,000,000,000          
Repayments of long-term debt           $ 500,000,000 $ 500,000,000            
Term Loan, Tranche Two | Secured Debt                          
Debt Instrument [Line Items]                          
Debt instrument, face amount         1,500,000,000     1,500,000,000          
Repayments of long-term debt         1,200,000,000                
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Minimum coverage ration for debt covenant       3.0                  
Line of credit facility, maximum borrowing capacity       $ 3,500,000,000 3,500,000,000     3,500,000,000          
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Debt instrument, basis spread on variable rate       1.25%                  
Debt instrument, basis spread on variable rate, adjustment       0.10%                  
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | Alternate Base Rate | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Debt instrument, basis spread on variable rate       0.25%                  
Amended Long-Term Facility | Line of Credit | Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Outstanding borrowings         $ 950,000,000     $ 950,000,000       $ 0  
v3.25.2
FINANCING ARRANGEMENTS - Schedule of Notes Payable (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Total notes payable $ 1,158 $ 18
Commercial paper    
Short-term Debt [Line Items]    
Total notes payable 177 0
Short-term borrowings due to banks    
Short-term Debt [Line Items]    
Total notes payable $ 981 $ 18
v3.25.2
COMMITMENTS AND CONTINGENCIES - Narrative (Details)
R$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended 24 Months Ended
Dec. 19, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2009
USD ($)
Dec. 31, 2004
USD ($)
Jun. 30, 2025
BRL (R$)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
BRL (R$)
Dec. 31, 2024
USD ($)
Commitments and Contingencies [Line Items]                  
Outstanding BEFIEX tax assessment           R$ 2,600 $ 475,000,000    
Customer Lines of Credit for Brazilian Subsidiary                  
Commitments and Contingencies [Line Items]                  
Guarantor obligations, maximum exposure           1,669 306,000,000 R$ 981 $ 159,000,000
Guarantee of Indebtedness of Others                  
Commitments and Contingencies [Line Items]                  
Guarantor obligations, current carrying value             31,000,000   12,000,000
Guarantor obligations, maximum exposure             2,200,000,000   $ 1,900,000,000
Competition Investigation                  
Commitments and Contingencies [Line Items]                  
Loss contingency accrual, provision     $ 69,000,000            
Litigation settlement, amount awarded to other party $ 75,000,000                
Proceeds from legal settlements   $ 11,000,000              
Competition Investigation | Indemnification Agreement                  
Commitments and Contingencies [Line Items]                  
Guarantor obligations, current carrying value             57,000,000    
Competition Investigation | Whirlpool France                  
Commitments and Contingencies [Line Items]                  
Litigation settlement, amount awarded to other party 46,000,000                
Competition Investigation | Indesit                  
Commitments and Contingencies [Line Items]                  
Litigation settlement, amount awarded to other party $ 29,000,000                
Brazil Tax Matters                  
Commitments and Contingencies [Line Items]                  
IPI tax credits recognized         $ 26,000,000        
Special government program settlement       $ 34,000,000          
Brazil tax assessment           295 54,000,000    
CFC Tax                  
Commitments and Contingencies [Line Items]                  
CFC potential exposure           407 75,000,000    
Loss contingency accrual             0    
DIFAL-Related Contigency                  
Commitments and Contingencies [Line Items]                  
Unreserved amounts           R$ 370 $ 67,000,000    
v3.25.2
COMMITMENTS AND CONTINGENCIES - Schedule of Product Warranty Reserves (Details) - Product Warranty - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]    
Balance at January 1 $ 196 $ 206
Issuances/accruals during the period 111 105
Settlements made during the period/other (113) (114)
Balance at June 30 194 197
Current portion 130 137
Non-current portion 64 60
Total $ 194 $ 197
v3.25.2
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS - Schedule of Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Other Postretirement Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Service cost $ 0 $ 0 $ 0 $ 0
Interest cost 2 2 3 3
Expected return on plan assets 0 0 0 0
Amortization:        
Actuarial loss 0 0 0 0
Prior service credit (1) 0 (1) 0
Settlement and curtailment (gain) loss 0 0 0 0
Net periodic benefit cost (credit) 1 2 2 3
United States Pension Benefits | Pension Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Service cost 0 1 1 1
Interest cost 24 25 48 51
Expected return on plan assets (30) (37) (59) (73)
Amortization:        
Actuarial loss 10 10 20 20
Prior service credit 0 0 0 0
Settlement and curtailment (gain) loss 0 0 0 0
Net periodic benefit cost (credit) 4 (1) 10 (1)
Foreign Pension Benefits | Pension Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Service cost 0 1 1 1
Interest cost 1 1 2 8
Expected return on plan assets 0 0 (1) (6)
Amortization:        
Actuarial loss 0 0 0 1
Prior service credit 0 0 0 0
Settlement and curtailment (gain) loss 0 0 (2) 0
Net periodic benefit cost (credit) $ 1 $ 2 $ 0 $ 4
v3.25.2
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS - Schedule of Net Periodic Cost Recognized in Operating Profit and Interest and Sundry (Income) Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Other Postretirement Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) $ 1 $ 2 $ 2 $ 3
Other Postretirement Benefits | Operating (profit) loss        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 0 0 0 0
Other Postretirement Benefits | Interest and sundry (income) expense        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 1 2 2 3
United States Pension Benefits | Pension Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 4 (1) 10 (1)
United States Pension Benefits | Pension Benefits | Operating (profit) loss        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 0 1 1 1
United States Pension Benefits | Pension Benefits | Interest and sundry (income) expense        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 4 (2) 9 (2)
Foreign Pension Benefits | Pension Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 1 2 0 4
Foreign Pension Benefits | Pension Benefits | Operating (profit) loss        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) 0 1 1 1
Foreign Pension Benefits | Pension Benefits | Interest and sundry (income) expense        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit cost (credit) $ 1 $ 1 $ (1) $ 3
v3.25.2
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS - Narrative (Details)
 1 Months Ended
Mar. 31, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Defined contribution plan, employer matching contribution, percent of match 7.00%
v3.25.2
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Derivative [Line Items]    
Gain expected to be reclassified in next twelve months $ 35,000,000  
Derivatives accounted for as hedges | Cross-currency swaps    
Derivative [Line Items]    
Notional amount 618,000,000 $ 618,000,000
Derivatives accounted for as hedges | Interest rate derivatives    
Derivative [Line Items]    
Notional amount 0 0
Derivatives accounted for as hedges | Net Investment hedges    
Derivative [Line Items]    
Notional amount $ 0 $ 0
v3.25.2
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Outstanding Derivative Contracts (Details) - USD ($)
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Derivatives, Fair Value [Line Items]    
Hedge Assets $ 23 $ 68
Hedge Liabilities 184 59
Derivative asset at fair value, current 16 65
Derivative asset at fair value, noncurrent 7 3
Total derivatives, hedge assets at fair value 23 68
Derivative liability at fair value, current 59 11
Derivative liability at fair value, noncurrent 125 48
Total derivatives, hedge liabilities at fair value 184 59
Derivatives accounted for as hedges    
Derivatives, Fair Value [Line Items]    
Hedge Assets 21 63
Hedge Liabilities 169 58
Derivatives accounted for as hedges | Commodity swaps/options    
Derivatives, Fair Value [Line Items]    
Notional Amount 352 204
Hedge Assets 16 5
Hedge Liabilities $ 10 $ 9
Maximum term of commodity swaps/options 30 months 24 months
Derivatives accounted for as hedges | Foreign exchange forwards/options    
Derivatives, Fair Value [Line Items]    
Notional Amount $ 812 $ 967
Hedge Assets 1 52
Hedge Liabilities $ 36 $ 2
Maximum term of foreign exchange forwards/options 15 months 15 months
Derivatives accounted for as hedges | Cross-currency swaps    
Derivatives, Fair Value [Line Items]    
Notional Amount $ 618 $ 618
Hedge Assets 4 6
Hedge Liabilities $ 123 $ 47
Maximum term of cross-currency swaps 44 months 50 months
Derivatives not accounted for as hedges    
Derivatives, Fair Value [Line Items]    
Hedge Assets $ 2 $ 5
Hedge Liabilities 15 1
Derivatives not accounted for as hedges | Foreign exchange forwards/options    
Derivatives, Fair Value [Line Items]    
Notional Amount 934 473
Hedge Assets 2 5
Hedge Liabilities $ 15 $ 1
Maximum term of foreign exchange forwards/options 13 months 12 months
v3.25.2
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Effects of Derivative Instruments on Consolidated Condensed Statements of Income (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Recognized in OCI (Effective Portion) $ (108) $ 52 $ (145) $ 85
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (56) 7 (38) 9
Tax impact of cash flow hedges 14 (14)    
Foreign exchange forwards/options        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges     (36) 8
Foreign exchange forwards/options | Interest and sundry (income) expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges (25) 10    
Cash flow hedges        
Derivative Instruments, Gain (Loss) [Line Items]        
Tax impact of cash flow hedges     30 (23)
Cash flow hedges | Commodity swaps/options        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Recognized in OCI (Effective Portion) (1) 14 4 19
Cash flow hedges | Commodity swaps/options | Cost of products sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (2) 2 (1) 0
Cash flow hedges | Foreign exchange forwards/options        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Recognized in OCI (Effective Portion) (47) 29 (72) 44
Cash flow hedges | Foreign exchange forwards/options | Cost of products sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) 3 (3) 8 (16)
Cash flow hedges | Foreign exchange forwards/options | Net sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (1) 0 (1) 1
Cash flow hedges | Foreign exchange forwards/options | Interest and sundry (income) expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) 3 3 13 2
Cash flow hedges | Cross-currency swaps        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Recognized in OCI (Effective Portion) (60) 9 (77) 22
Cash flow hedges | Cross-currency swaps | Interest and sundry (income) expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) $ (59) $ 5 (87) 22
Cash flow hedges | Interest rate derivatives | Interest and sundry (income) expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion)     $ 30 $ 0
v3.25.2
FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments $ 762 $ 1,000
Net derivative contracts (161) 8
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments 417 705
Net derivative contracts 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments 345 295
Net derivative contracts (161) 8
Total Cost Basis    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments 762 1,000
Net derivative contracts $ 0 $ 0
v3.25.2
FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)
$ in Billions
Jun. 30, 2025
Dec. 31, 2024
Beko Europe B.V.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity interest percentage 25.00% 25.00%
Level 3 | Beko Europe B.V.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity interest percentage   25.00%
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Long-term debt, fair value $ 6.1 $ 6.2
v3.25.2
STOCKHOLDERS' EQUITY - Schedule of Changes in Stockholders' Equity (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance $ 2,829 $ 2,933 $ 2,610 $ 2,537 $ 2,933 $ 2,537
Comprehensive income (loss)            
Net earnings (loss) 75 79 225 (253) 153 (29)
Other comprehensive income (loss) (247) (112) 17 3 (359) 20
Comprehensive income (loss) (173) (34) 242 (250) (206) (9)
Stock issued (repurchased) 26 27 26 (45)    
Sale of minority interest in subsidiary       462    
Dividends declared (99) (97) (96) (94)    
Divestitures     577      
Ending balance 2,583 2,829 3,359 2,610 2,583 3,359
Retained Earnings            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 1,285 1,311 8,004 8,358 1,311 8,358
Comprehensive income (loss)            
Net earnings (loss) 65 71 219 (259)    
Comprehensive income (loss) 65 71 219 (259)    
Dividends declared (97) (97) (96) (95)    
Ending balance 1,253 1,285 8,127 8,004 1,253 8,127
Accumulated Other Comprehensive Income (Loss)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (1,657) (1,545) (2,157) (2,178) (1,545) (2,178)
Comprehensive income (loss)            
Other comprehensive income (loss) (247) (112) 17 3 (359) 20
Comprehensive income (loss) (247) (112) 17 3    
Sale of minority interest in subsidiary       18    
Divestitures     577      
Ending balance (1,904) (1,657) (1,563) (2,157) (1,904) (1,563)
Treasury Stock / Additional Paid-In-Capital            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 2,879 2,853 (3,607) (3,932) 2,853 (3,932)
Comprehensive income (loss)            
Stock issued (repurchased) 26 26 25 (45)    
Sale of minority interest in subsidiary       370    
Ending balance 2,905 2,879 (3,582) (3,607) 2,905 (3,582)
Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 65 64 114 114 64 114
Comprehensive income (loss)            
Stock issued (repurchased)   1 1      
Ending balance 65 65 115 114 65 115
Non-Controlling Interest            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 257 250 256 175 250 175
Comprehensive income (loss)            
Net earnings (loss) 9 7 6 6    
Other comprehensive income (loss) 0   0   0 0
Comprehensive income (loss) 9 7 6 6    
Sale of minority interest in subsidiary       74    
Dividends declared (2) 0   1    
Ending balance 264 $ 257 262 $ 256 264 262
Currency translation adjustments            
Comprehensive income (loss)            
Other comprehensive income (loss) (217)   (23)   (299) (51)
Divestitures     440      
Pension and other postretirement benefits plans            
Comprehensive income (loss)            
Other comprehensive income (loss) $ 7   10   $ 14 $ 18
Divestitures     $ 137      
v3.25.2
STOCKHOLDERS' EQUITY - Schedule of Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Pre-tax $ (259)   $ 31   $ (385) $ 45
Tax Effect 12   (14)   26 (25)
Net (247) $ (112) 17 $ 3 (359) 20
Currency translation adjustments            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Pre-tax (217)   (23)   (299) (51)
Tax Effect 0   0   0 0
Net (217)   (23)   (299) (51)
Cash flow hedges            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Pre-tax (52)   44   (105) 76
Tax Effect 15   (14)   31 (23)
Net (37)   30   (74) 53
Pension and other postretirement benefits plans            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Pre-tax 10   10   19 20
Tax Effect (3)   0   (5) (2)
Net 7   10   14 18
Less: Other comprehensive income (loss) available to noncontrolling interests            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Pre-tax 0   0   0 0
Tax Effect 0   0   0 0
Net 0   0   0 0
Other comprehensive income (loss) available to Whirlpool            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Pre-tax (259)   31   (385) 45
Tax Effect 12   (14)   26 (25)
Net $ (247) $ (112) $ 17 $ 3 $ (359) $ 20
v3.25.2
STOCKHOLDERS' EQUITY - Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]        
Interest and sundry (income) expense $ 4 $ (7) $ 36 $ 21
Earnings (loss) before income taxes 121 $ 30 260 $ (148)
Reclassification out of Accumulated Other Comprehensive Income        
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]        
Earnings (loss) before income taxes 10   17  
Reclassification out of Accumulated Other Comprehensive Income | Pension and postretirement benefits, pre-tax        
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]        
Interest and sundry (income) expense $ 10   $ 17  
v3.25.2
STOCKHOLDERS' EQUITY - Schedule of Net Earnings (Loss) Per Share (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Stockholders' Equity Note [Abstract]        
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 (in shares) 55.9 54.9 55.7 54.9
Effect of dilutive securities – share-based compensation (in shares) 0.2 0.1 0.2 0.0
Denominator for diluted earnings per share – adjusted weighted-average shares (in shares) 56.1 55.0 55.9 54.9
Anti-dilutive stock options/awards excluded from earnings per share (in shares) 1.2 1.8 1.2 2.0
v3.25.2
STOCKHOLDERS' EQUITY - Narrative (Details) - Common Stock - USD ($)
Feb. 14, 2022
Jun. 30, 2025
Apr. 19, 2021
Equity, Class of Treasury Stock [Line Items]      
Stock repurchase program, authorized amount     $ 2,000,000,000
Stock repurchase program, additional authorized amount $ 2,000,000,000    
Stock repurchase program, remaining authorized repurchase amount   $ 2,500,000,000  
v3.25.2
RESTRUCTURING CHARGES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Restructuring Cost and Reserve [Line Items]          
Restructuring costs $ 2 $ 50 $ 11 $ 73  
Employee Termination          
Restructuring Cost and Reserve [Line Items]          
Restructuring costs     8    
Other exit costs          
Restructuring Cost and Reserve [Line Items]          
Restructuring costs     1    
Workforce Reduction Plan          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, expected cost         $ 21
Workforce Reduction Plan | Employee Termination          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, total costs to date   $ 50   $ 50 14
Workforce Reduction Plan | Other exit costs          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, total costs to date         $ 7
Restructuring Actions, Additional          
Restructuring Cost and Reserve [Line Items]          
Restructuring costs     $ 11    
v3.25.2
RESTRUCTURING CHARGES - Schedule of Changes to Restructuring Liability (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Reserve [Roll Forward]        
Restructuring reserve, beginning balance     $ 6  
Charge to Earnings $ 2 $ 50 11 $ 73
Cash Paid     (9)  
Restructuring reserve, ending balance 8   8  
Employee Termination        
Restructuring Reserve [Roll Forward]        
Restructuring reserve, beginning balance     4  
Charge to Earnings     8  
Cash Paid     (8)  
Restructuring reserve, ending balance 4   4  
Asset Impairment        
Restructuring Reserve [Roll Forward]        
Restructuring reserve, beginning balance     0  
Charge to Earnings     2  
Cash Paid     0  
Restructuring reserve, ending balance 2   2  
Other exit costs        
Restructuring Reserve [Roll Forward]        
Restructuring reserve, beginning balance     2  
Charge to Earnings     1  
Cash Paid     (1)  
Restructuring reserve, ending balance $ 2   $ 2  
v3.25.2
RESTRUCTURING CHARGES - Schedule of Charges by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]        
Total $ 2 $ 50 $ 11 $ 73
Operating Segments | MDA North America        
Restructuring Cost and Reserve [Line Items]        
Total 1 22 6 27
Operating Segments | MDA Latin America        
Restructuring Cost and Reserve [Line Items]        
Total 1 18 3 21
Operating Segments | MDA Asia        
Restructuring Cost and Reserve [Line Items]        
Total 0 5 0 6
Operating Segments | SDA Global        
Restructuring Cost and Reserve [Line Items]        
Total 0 4 0 4
Corporate/Other        
Restructuring Cost and Reserve [Line Items]        
Total $ 0 $ 1 $ 2 $ 15
v3.25.2
INCOME TAXES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Income tax expense (benefit) $ 29 $ (206) $ 72 $ (130)
v3.25.2
INCOME TAXES - Schedule of Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Earnings (Loss) before income taxes $ 121 $ 30 $ 260 $ (148)
Income tax expense (benefit) computed at United States statutory tax rate 25 6 55 (31)
State and local taxes, net of federal tax benefit 2 (54) 15 (55)
Valuation allowances (3) 386 (2) 405
Audit and Settlements 7 11 8 13
U.S. foreign income items, net of credits (2) (2) (4) (15)
Sale of minority shares and capital gains 0 (2) 0 77
Legal Entity restructuring tax impact 0 (559) 0 (594)
Non deductible impairments 0 15 0 64
Non deductible fines and penalties 0 0 0 0
Other 0 (7) 1 6
Income tax expense (benefit) computed at effective worldwide tax rates $ 29 $ (206) $ 72 $ (130)
v3.25.2
SEGMENT INFORMATION - Schedule of Operating Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Net sales $ 3,773 $ 3,989 $ 7,393 $ 8,478  
Cost of Products Sold 3,162 3,363 6,176 7,211  
Other segment expenses/(income) 420 514 827 1,242  
EBIT 190 112 390 24  
Total assets 16,759   16,759   $ 16,301
Capital expenditures 82 113 154 228  
Depreciation and amortization 80 81 163 170  
Operating Segments | MDA North America          
Segment Reporting Information [Line Items]          
Net sales 2,446 2,567 4,864 4,994  
Cost of Products Sold 2,085 2,202 4,129 4,300  
Other segment expenses/(income) 216 201 442 396  
EBIT 144 163 293 298  
Total assets 10,003   10,003   9,693
Capital expenditures 36 53 75 95  
Depreciation and amortization 42 42 86 90  
Operating Segments | MDA Latin America          
Segment Reporting Information [Line Items]          
Net sales 806 895 1,543 1,732  
Cost of Products Sold 691 761 1,322 1,469  
Other segment expenses/(income) 67 82 124 146  
EBIT 48 52 96 116  
Total assets 3,826   3,826   3,813
Capital expenditures 31 47 59 87  
Depreciation and amortization 14 14 30 32  
Operating Segments | MDA Asia          
Segment Reporting Information [Line Items]          
Net sales 320 340 588 579  
Cost of Products Sold 271 292 495 499  
Other segment expenses/(income) 26 28 52 48  
EBIT 23 21 42 31  
Total assets 1,247   1,247   1,147
Capital expenditures 4 1 7 4  
Depreciation and amortization 5 4 9 10  
Operating Segments | MDA Europe          
Segment Reporting Information [Line Items]          
Net sales     0 804  
Cost of Products Sold     0 726  
Other segment expenses/(income)     0 87  
EBIT     0 (9)  
Total assets 0   0   0
Capital expenditures     0 22  
Depreciation and amortization     0 0  
Operating Segments | SDA Global          
Segment Reporting Information [Line Items]          
Net sales 201 187 397 369  
Cost of Products Sold 121 108 239 220  
Other segment expenses/(income) 45 53 87 89  
EBIT 35 26 71 60  
Total assets 1,211   1,211   1,087
Capital expenditures 7 1 9 3  
Depreciation and amortization 5 5 9 8  
Other / Eliminations          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Cost of Products Sold (6) 0 (9) (3)  
Other segment expenses/(income) 66 150 122 476  
EBIT (60) (150) (112) (472)  
Total assets 472   472   $ 561
Capital expenditures 4 11 4 17  
Depreciation and amortization 14 16 29 30  
Intersegment sales          
Segment Reporting Information [Line Items]          
Net sales (336) (365) (709) (745)  
Intersegment sales | MDA North America          
Segment Reporting Information [Line Items]          
Net sales 22 34 53 67  
Intersegment sales | MDA Latin America          
Segment Reporting Information [Line Items]          
Net sales 305 318 635 622  
Intersegment sales | MDA Asia          
Segment Reporting Information [Line Items]          
Net sales 9 12 21 22  
Intersegment sales | MDA Europe          
Segment Reporting Information [Line Items]          
Net sales     0 23  
Intersegment sales | SDA Global          
Segment Reporting Information [Line Items]          
Net sales $ 0 $ 1 $ 0 $ 11  
v3.25.2
SEGMENT INFORMATION - Schedule of Reconciling Items in Other/Eliminations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Restructuring charges $ (2) $ (50) $ (11) $ (73)
(Loss) gain on sale and disposal of businesses 0 (45) 0 (292)
Total EBIT 190 112 390 24
Other / Eliminations        
Segment Reporting Information [Line Items]        
Restructuring charges (2) (50) (10) (73)
(Loss) gain on sale and disposal of businesses 0 (45) 0 (292)
Corporate expenses and other (58) (55) (102) (107)
Total EBIT $ (60) $ (150) $ (112) $ (472)
v3.25.2
SEGMENT INFORMATION - Schedule of Reconciling Information For Total EBIT (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting [Abstract]            
Operating profit $ 204   $ 130   $ 389 $ 14
Interest and sundry (income) expense (4)   7   (36) (21)
Equity method investment income (loss), net of tax (18)   (11)   (35) (11)
Total EBIT 190   112   390 24
Interest expense 86   93   164 183
Income tax expense 29   (206)   72 (130)
Net earnings (loss) 75 $ 79 225 $ (253) 153 (29)
Less: Net earnings available to noncontrolling interests 9   6   17 11
Net earnings (loss) available to Whirlpool $ 65   $ 219   $ 137 $ (40)
v3.25.2
ACQUISITIONS AND DIVESTITURES - European Major Domestic Appliance Business Held for Sale Narrative (Details)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2022
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
Apr. 01, 2024
Jan. 16, 2023
site
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Loss (gain) on sale and disposal of businesses $ 0 $ 45,000,000   $ 0 $ 292,000,000        
Beko Europe B.V.                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Equity interest percentage 25.00%     25.00%     25.00%    
Held-for-sale | European Major Domestic Appliance Business                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Number of production sites | site                 9
Loss (gain) on sale and disposal of businesses     $ 1,500,000,000     $ 1,900,000,000      
Loss (gain) on write-down of assets     1,200,000,000            
Fair value of interest retained     139,000,000            
Gain of cumulative foreign currency translation adjustments     393,000,000            
Release of other comprehensive loss on pension     98,000,000            
Other transaction related costs     $ 18,000,000            
Goodwill $ 0     $ 0          
Business disposition adjustments   $ 45,000,000     $ 292,000,000 $ 404,000,000      
Disposed of by Sale | Beko Europe B.V. | Arcelik B.V.                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Ownership percentage               75.00%  
Disposed of by Sale | Beko Europe B.V.                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Equity interest percentage               25.00%  
v3.25.2
ACQUISITIONS AND DIVESTITURES - Whirlpool India Share Sale Narrative (Details) - USD ($)
shares in Millions, $ in Millions
 6 Months Ended
Feb. 20, 2024
Jun. 30, 2025
Jun. 30, 2024
Feb. 19, 2024
Business Combination [Line Items]        
Sale of minority interest in subsidiary   $ 0 $ 462  
Whirlpool India        
Business Combination [Line Items]        
Sale of minority interest in subsidiary (in shares) 30.4      
Subsidiary, ownership percentage 51.00%     75.00%
Sale of minority interest in subsidiary $ 462