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WHIRLPOOL CORP /DE/

For the period ended Jun 30, 2025. Filed Jul 29, 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.

Jun 30, 2025 · Filed Jul 29, 2025

WHR$30.54-3.2%Stored close · as of Nov 6, 2026

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

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Segment Information

(13)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 NorthAmerica · MDA LatinAmerica · MDA Asia · SDA Global · Other / Eliminations · TotalWhirlpool
Net sales
2025$2,446$806$320$201$—$3,773
20242,567895340187—3,989
Cost of Products Sold
2025$2,085$691$271$121$(6)$3,162
20242,202761292108—3,363
Other segment expenses/(income)
2025$216$67$26$45$66$420
2024201822853150514
EBIT
2025$144$48$23$35$(60)$190
2024163522126(150)112
Intersegment sales
2025$22$305$9$—$(336)$—
202434318121(365)—
Total assets
June 30, 2025$10,003$3,826$1,247$1,211$472$16,759
December 31, 20249,6933,8131,1471,08756116,301
Capital expenditures
2025$36$31$4$7$4$82
202453471111113
Depreciation and amortization
2025$42$14$5$5$14$80
20244214451681
Six Months Ended June 30,
OPERATING SEGMENTS
MDA NorthAmerica · MDA Latin America · MDA Asia · MDA Europe (1) · SDA Global · Other / Eliminations · TotalWhirlpool
Net sales
2025$4,864$1,543$588$—$397$—$7,393
20244,9941,732579804369—8,478
Cost of Products Sold
2025$4,129$1,322$495$—$239$(9)$6,176
20244,3001,469499726220(3)7,211
Other segment expenses/(income)
2025$442$124$52$—$87$122$827
20243961464887894761,242
EBIT
2025$293$96$42$—$71$(112)$390
202429811631(9)60(472)24
Intersegment sales
2025$53$635$21$—$—$(709)$—
202467622222311(745)—
Total assets
June 30, 2025$10,003$3,826$1,247$—$1,211$472$16,759
December 31, 20249,6933,8131,147—1,08756116,301
Capital expenditures
2025$75$59$7$—$9$4$154
20249587422317228
Depreciation and amortization
2025$86$30$9$—$9$29$163
2024903210—830170

(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 expense8693164183
Income tax expense29(206)72(130)
Net earnings (loss)$75$225$153$(29)
Less: Net earnings available to noncontrolling interests961711
Net earnings (loss) available to Whirlpool$65$219$137$(40)
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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.