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Midas Edge

WHIRLPOOL CORP /DE/

For the period ended Jun 30, 2026. Filed Aug 4, 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.

Jun 30, 2026 · Filed Aug 4, 2026

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 $3 million and $17 million for the three and six months ended June 30, 2026, compared to income tax expense of $29 million and $72 million for the same periods of 2025. The decrease in tax expense for the six months ended June 30, 2026, is primarily due to reduced earnings before income taxes and tax benefits related to transactions and restructuring.

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 June 30,Six Months Ended June 30,
Millions of dollars2026202520262025
Earnings (loss) before income taxes$96$121$45$260
Income tax expense (benefit) computed at United States statutory tax rate21251055
State and local taxes, net of federal tax benefit(3)2(2)15
Valuation allowances(37)(3)(31)(2)
Audit and Settlements117138
U.S. foreign income items, net of credits14(2)16(4)
Other(3)—111
Income tax expense (benefit) computed at effective worldwide tax rates$3$29$17$72

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.