WHIRLPOOL CORP /DE/
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
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Income Taxes
(12)INCOME TAXES
Income tax expense was $14 million for the three months ended March 31, 2026, compared to income tax expense of $43 million for the same period of 2025. The decrease in tax expense for the three months ended March 31, 2026, is primarily due to earnings loss.
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 dollars | 2026 | 2025 |
| Earnings (loss) before income taxes | $(51) | $139 |
| Income tax expense (benefit) computed at United States statutory tax rate | (11) | 29 |
| State and local taxes, net of federal tax benefit | 1 | 13 |
| Valuation allowances | 6 | 1 |
| Audit and Settlements | 2 | 1 |
| U.S. foreign income items, net of credits | 2 | (2) |
| Other | 14 | 1 |
| Income tax expense (benefit) computed at effective worldwide tax rates | $14 | $43 |
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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.