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WHIRLPOOL CORP /DE/

For the period ended Mar 31, 2026. Filed May 7, 2026.

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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, 2026 · Filed May 7, 2026

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

Ourreportable segments consist of Major Domestic Appliances ("MDA") North America; MDA Latin America; and Small Domestic Appliances ("SDA") Global. As of December 31, 2025, the operations previously reported within the MDA Asia segment are no longer reported as a segment as a result of the deconsolidation of Whirlpool India. All prior period amounts have been reclassified to conform with current period presentation. 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.

Total assets by segment are those assets directly associated with the respective operating activities. The "Other" column primarily includes operations previously reported in our MDA Asia segment, corporate expenses, assets, as well as restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the segment's ongoing performance. The "Eliminations" column includes intercompany activity. Intersegment sales are eliminated within each segment.

The tables below summarize performance by operating segment for the periods presented:

Three Months Ended March 31,
OPERATING SEGMENTS
MDA NorthAmerica · MDA Latin America · SDA Global · Other · Eliminations · TotalWhirlpool
Net sales
2026$2,237$774$222$40$—$3,273
20252,419737196268—3,621
Cost of Products Sold
2026$2,028$670$130$30$—$2,858
20252,044631118221—3,014
Other segment expenses/(income)
2026$203$58$46$100$—$407
2025226574282—408
EBIT
2026$6$47$47$(90)$—$9
20251494936(35)—199
Intersegment sales
2026$41$282$—$9$(332)$—
202530330—11(371)—
Total assets
March 31, 2026$9,843$3,902$1,257$9,193$(8,017)$16,177
December 31, 20259,9943,9621,2488,474(7,677)16,001
Capital expenditures
2026$37$27$5$—$—$68
2025392823—72
Depreciation and amortization
2026$67$19$5$9$—$99
20254416419—83

The following table summarizes the reconciling items in the Other column for total EBIT for the periods presented:

Three Months Ended March 31,
in millions20262025
Items not allocated to segments:
Restructuring costs$(32)$(10)
MDA Asia419
Corporate expenses and other(62)(43)
Total other/eliminations$(90)$(35)

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 March 31,
in millions20262025
Operating profit$18$184
Interest and sundry (income) expense(8)(32)
Equity method investment income (loss), net of tax(17)(17)
Total EBIT$9$199
Interest expense7777
Income tax expense1443
Net earnings (loss)$(82)$79
Less: Net earnings available to noncontrolling interests—7
Net earnings (loss) available to Whirlpool shareholders$(82)$71
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