WHIRLPOOL CORP DE
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
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Pension and Other Postretirement Benefit Plans
(7)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 September 30, | ||||||
|---|---|---|---|---|---|---|
| United StatesPension Benefits | ForeignPension Benefits | Other PostretirementBenefits | ||||
| Millions of dollars | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| Service cost | $1 | $1 | $1 | $1 | $— | $— |
| Interest cost | 25 | 29 | 1 | 7 | 2 | 2 |
| Expected return on plan assets | (37) | (35) | (1) | (6) | — | — |
| Amortization: | ||||||
| Actuarial loss | 10 | 9 | — | 1 | — | — |
| Prior service credit | — | — | — | — | (1) | (10) |
| Settlement and curtailment (gain) loss | — | — | — | — | — | — |
| Net periodic benefit cost (credit) | $(1) | $4 | $1 | $3 | $1 | $(8) |
| Nine Months Ended September 30, | ||||||
|---|---|---|---|---|---|---|
| United StatesPension Benefits | ForeignPension Benefits | Other PostretirementBenefits | ||||
| Millions of dollars | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| Service cost | $2 | $2 | $2 | $2 | $— | $— |
| Interest cost | 76 | 86 | 9 | 20 | 5 | 5 |
| Expected return on plan assets | (110) | (106) | (7) | (17) | — | — |
| Amortization: | ||||||
| Actuarial loss | 30 | 28 | 1 | 4 | — | — |
| Prior service credit | — | — | — | — | (1) | (31) |
| Settlement and curtailment (gain) loss | — | — | — | — | — | — |
| Net periodic benefit cost (credit) | $(2) | $10 | $5 | $9 | $4 | $(26) |
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 September 30, | ||||||
|---|---|---|---|---|---|---|
| United StatesPension Benefits | ForeignPension Benefits | Other PostretirementBenefits | ||||
| Millions of dollars | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| Operating profit (loss) | $1 | $1 | $1 | $1 | $— | $— |
| Interest and sundry (income) expense | (2) | 3 | — | 2 | 1 | (8) |
| Net periodic benefit cost | $(1) | $4 | $1 | $3 | $1 | $(8) |
| Nine Months Ended September 30, | ||||||
|---|---|---|---|---|---|---|
| United StatesPension Benefits | ForeignPension Benefits | Other PostretirementBenefits | ||||
| Millions of dollars | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| Operating profit (loss) | $2 | $2 | $2 | $2 | $— | $— |
| Interest and sundry (income) expense | (4) | 8 | 3 | 7 | 4 | (26) |
| Net periodic benefit cost | $(2) | $10 | $5 | $9 | $4 | $(26) |
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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.