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WHIRLPOOL CORP /DE/

For the period ended Sep 30, 2025. Filed Oct 28, 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.

Sep 30, 2025 · Filed Oct 28, 2025

WHR$30.54-3.2%Stored close · as of Nov 6, 2026
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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 September 30,
OPERATING SEGMENTS
MDA NorthAmerica · MDA LatinAmerica · MDA Asia · SDA Global · Other / Eliminations · TotalWhirlpool
Net sales
2025$2,722$802$222$288$—$4,033
20242,647846239261—3,993
Cost of Products Sold
2025$2,378$695$190$182$(8)$3,439
20242,257718208176(10)3,350
Other segment expenses/(income)
2025$208$62$28$58$37$393
202419670254754392
EBIT
2025$134$45$4$47$(32)$200
202419458737(45)251
Intersegment sales
2025$30$335$9$—$(374)$—
202428303102(343)—
Total assets
September 30, 2025$10,191$3,885$1,184$1,272$361$16,893
December 31, 20249,6933,8131,1471,08756116,301
Capital expenditures
2025$31$39$6$4$3$83
20243438321087
Depreciation and amortization
2025$46$16$2$5$14$83
20244016551379
Nine Months Ended September 30,
OPERATING SEGMENTS
MDA NorthAmerica · MDA Latin America · MDA Asia · MDA Europe (1) · SDA Global · Other / Eliminations · TotalWhirlpool
Net sales
2025$7,586$2,345$810$—$685$—$11,426
20247,6422,578818804629—12,471
Cost of Products Sold
2025$6,508$2,017$685$—$422$(16)$9,615
20246,5572,188707726396(13)10,561
Other segment expenses/(income)
2025$651$186$79$—$145$160$1,221
202459221673871375301,635
EBIT
2025$428$142$46$—$119$(144)$590
202449117538(9)97(517)275
Intersegment sales
2025$82$970$30$—$1$(1,083)$—
202496925322313(1,089)—
Total assets
September 30, 2025$10,191$3,885$1,184$—$1,272$361$16,893
December 31, 20249,6933,8131,147—1,08756116,301
Capital expenditures
2025$106$98$13$—$13$7$239
2024129125722527315
Depreciation and amortization
2025$132$46$11$—$14$43$246
20241304815—1343249

(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 September 30,Nine Months Ended September 30,
in millions2025202420252024
Items not allocated to segments:
Restructuring costs$(6)$(8)$(17)$(81)
(Loss) gain on sale and disposal of businesses303230(260)
Corporate expenses and other(56)(69)(157)(176)
Total other/eliminations$(32)$(45)$(144)$(517)

A reconciliation of our segment information for total EBIT to the corresponding amounts in the Consolidated Condensed Statements of Comprehensive Income (Loss) is shown in the table below for the periods presented:

Three Months Ended September 30,Nine Months Ended September 30,
in millions2025202420252024
Operating profit$206$265$595$279
Interest and sundry (income) expense(5)(6)(41)(27)
Equity method investment income (loss), net of tax(11)(20)(46)(31)
Total EBIT$200$251$590$275
Interest expense9292256275
Income tax expense3345105(85)
Net earnings (loss)$76$114$229$85
Less: Net earnings available to noncontrolling interests352016
Net earnings (loss) available to Whirlpool$73$109$210$69
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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.