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Midas Edge

WHIRLPOOL CORP /DE/

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

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About 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.

Mar 31, 2025 · Filed Apr 24, 2025

WHR$30.31-5.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Income Taxes

(12)INCOME TAXES

Income tax expense was $43 million for the three months ended March 31, 2025, compared to income tax expense of $76 million for the same period of 2024. The decrease in tax expense is primarily due to prior year non-recurring items, partially offset by tax expense related to improved results.

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 March 31,
Millions of dollars20252024
Earnings (Loss) before income taxes$139$(177)
Income tax expense (benefit) computed at United States statutory tax rate29(37)
State and local taxes, net of federal tax benefit13(1)
Valuation allowances119
Audit and Settlements12
U.S. foreign income items, net of credits(2)(13)
Sale of minority shares and capital gains—79
Legal Entity restructuring tax impact—(35)
Non deductible impairments—49
Non deductible fines and penalties——
Other113
Income tax expense (benefit) computed at effective worldwide tax rates$43$76

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.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.