Whirlpool (WHR) 10-Q 22 Jul 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Jul. 16, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	1-3932
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-1490038
Entity Address, Address Line One	2000 North M-63
Entity Address, City or Town	Benton Harbor,
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	49022-2692
City Area Code	269
Local Phone Number	923-5000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		62,703,495
Entity Registrant Name	WHIRLPOOL CORP /DE/
Entity Central Index Key	0000106640
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Chicago Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	Common stock, par value $1.00 per share
Trading Symbol	WHR
Security Exchange Name	CHX
New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	Common stock, par value $1.00 per share
Trading Symbol	WHR
Security Exchange Name	NYSE

Consolidated Condensed Statemen

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net sales	$ 5,324	$ 4,042	$ 10,682	$ 8,367
Expenses
Cost of products sold	4,234	3,417	8,444	7,039
Gross margin	1,090	625	2,238	1,328
Selling, general and administrative	509	421	1,002	841
Intangible amortization	10	15	27	30
Restructuring costs	8	118	28	123
(Gain) loss on sale and disposal of businesses	(120)	0	(120)	0
Operating profit	683	71	1,301	334
Other (income) expense
Interest and sundry (income) expense	(36)	(15)	(62)	(16)
Interest expense	45	49	90	92
Earnings before income taxes	674	37	1,273	258
Income tax expense (benefit)	94	17	253	89
Net earnings	580	20	1,020	169
Less: Net earnings (loss) available to noncontrolling interests	(1)	(10)	6	(15)
Net earnings available to Whirlpool	$ 581	$ 30	$ 1,014	$ 184
Per share of common stock
Basic net earnings available to Whirlpool (in USD per share)	$ 9.23	$ 0.47	$ 16.10	$ 2.94
Diluted net earnings available to Whirlpool (in USD per share)	9.15	0.47	15.96	2.93
Dividends declared (in USD per share)	$ 1.40	$ 1.20	$ 2.65	$ 2.40
Weighted-average shares outstanding (in millions)
Basic (in shares)	62.9	62.4	63	62.6
Diluted (in shares)	63.5	62.7	63.5	63
Comprehensive income	$ 809	$ 4	$ 1,373	$ 58

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 2,968	$ 2,924
Accounts receivable, net of allowance of $103 and $132, respectively	3,052	3,109
Inventories	2,652	2,301
Prepaid and other current assets	731	795
Total current assets	9,403	9,129
Property, net of accumulated depreciation of $6,615 and $6,780, respectively	2,734	3,199
Right of use assets	984	989
Goodwill	2,400	2,496
Other intangibles, net of accumulated amortization of $514 and $673, respectively	1,976	2,194
Deferred income taxes	2,072	2,189
Other noncurrent assets	512	240
Total assets	20,081	20,436
Current liabilities
Accounts payable	4,874	4,834
Accrued expenses	679	637
Accrued advertising and promotions	701	831
Employee compensation	485	648
Notes payable	10	12
Current maturities of long-term debt	298	298
Other current liabilities	785	1,070
Total current liabilities	7,832	8,330
Noncurrent liabilities
Long-term debt	5,001	5,059
Pension benefits	476	516
Postretirement benefits	158	166
Lease liabilities	825	838
Other noncurrent liabilities	704	732
Total noncurrent liabilities	7,164	7,311
Stockholders' equity
Common stock, $1 par value, 250 million shares authorized, 114 million and 113 million shares issued, respectively, and 63 million shares outstanding	114	113
Additional paid-in capital	2,989	2,923
Retained earnings	9,572	8,725
Accumulated other comprehensive loss	(2,459)	(2,811)
Treasury stock, 51 million and 50 million shares, respectively	(5,265)	(5,065)
Total Whirlpool stockholders' equity	4,951	3,885
Noncontrolling interests	134	910
Total stockholders' equity	5,085	4,795
Total liabilities and stockholders' equity	$ 20,081	$ 20,436

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 103	$ 132
Accumulated depreciation	6,615	6,780
Accumulated amortization	$ 514	$ 673
Common stock, par value (in USD per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	114,000,000	113,000,000
Common stock, shares outstanding (in shares)	63,000,000	63,000,000
Treasury stock (in shares)	51,000,000	50,000,000

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net earnings	$ 1,020	$ 169
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:
Depreciation and amortization	259	268
(Gain) loss on sale and disposal of businesses	(120)	0
Accounts receivable	(100)	56
Inventories	(527)	226
Accounts payable	260	(982)
Accrued advertising and promotions	(100)	(414)
Accrued expenses and current liabilities	142	(135)
Taxes deferred and payable, net	83	33
Accrued pension and postretirement benefits	(61)	(27)
Employee compensation	(119)	(70)
Other	(91)	131
Cash provided by (used in) operating activities	646	(745)
Investing activities
Capital expenditures	(184)	(155)
Proceeds from sale of assets and businesses	298	27
Cash held by divested businesses	(393)	0
Cash provided by (used in) investing activities	(279)	(128)
Financing activities
Net proceeds from borrowings of long-term debt	300	1,029
Net proceeds (repayments) of long-term debt	(300)	(568)
Net proceeds (repayments) from short-term borrowings	(2)	1,417
Dividends paid	(167)	(155)
Repurchase of common stock	(200)	(121)
Common stock issued	75	3
Other	(38)	0
Cash provided by (used in) financing activities	(332)	1,605
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1)	(138)
Increase (decrease) in cash, cash equivalents and restricted cash	34	594
Cash, cash equivalents and restricted cash at beginning of year	2,934	1,952
Cash, cash equivalents and restricted cash at end of period	$ 2,968	$ 2,546

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION General Information The accompanying unaudited Consolidated Condensed Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by U.S. GAAP for complete financial statements. As a result, this Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Form 10-K for the year ended December 31, 2020. Management believes that the accompanying Consolidated Condensed Financial Statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. We are required to make estimates and assumptions that affect the amounts reported in the Consolidated Condensed Financial Statements and accompanying Notes. Actual results could differ materially from those estimates. Certain prior year amounts in the Consolidated Condensed Financial Statements have been reclassified to conform with current year presentation. We have eliminated all material intercompany transactions in our Consolidated Condensed Financial Statements. We do not consolidate the financial statements of any company in which we have an ownership interest of 50% or less, unless that company is deemed to be a variable interest entity ("VIE") of which we are the primary beneficiary. VIEs are consolidated when the company is the primary beneficiary of these entities and has the ability to directly impact the activities of these entities. Risks and Uncertainties COVID-19 continues to impact countries across the world, and the duration and severity of the effects are currently unknown. The pandemic has impacted the Company and could materially impact our financial results in the future. The Consolidated Condensed Financial Statements presented herein reflect estimates and assumptions made by management at June 30, 2021. Such estimates and assumptions affect, among other things, the Company’s goodwill, long-lived asset and indefinite-lived intangible asset valuation; inventory valuation; assessment of the annual effective tax rate; valuation of deferred income taxes and income tax contingencies; and the allowance for expected credit losses and bad debt. Events and changes in circumstances arising after July 22, 2021, including those resulting from the impacts of COVID-19, will be reflected in management’s estimates for future periods. Goodwill and indefinite-lived intangible assets Our Critical Accounting Policies and Estimates for goodwill and other indefinite-lived intangibles are disclosed in Note 1 to the Consolidated Financial Statements and in Management's Discussion and Analysis of our annual report on Form 10-K for the fiscal year ended December 31, 2020. We continue to monitor the significant global economic uncertainty as a result of COVID-19 to assess the outlook for demand for our products and the impact on our business and our overall financial performance. The goodwill in our EMEA reporting unit and our Indesit , Hotpoint*, Maytag and JennAir trademarks continue to be at risk at June 30, 2021. The goodwill in our other reporting units or indefinite-lived intangible assets are not presently at risk for future impairment. The potential impact of demand disruptions, production impacts or supply constraints could negatively effect revenues for the Indesit, Hotpoint *, Maytag and JennAir trademarks and the EMEA reporting unit, but we remain committed to the strategic actions necessary to realize the long-term forecasted EBIT margins. *Whirlpool ownership of the Hotpoint brand in EMEA and Asia Pacific regions is not affiliated with the Hotpoint brand sold in the Americas. As a result of our analysis, and in consideration of the totality of events and circumstances, there were no triggering events of impairment identified during the second quarter of 2021. A lack of recovery or further deterioration in market conditions, a sustained trend of weaker than expected financial performance in EMEA or for our Indesit , Hotpoint*, Maytag or JennAir trademarks or a lack of recovery or a decline in the Company’s market capitalization, among other factors, as a result of the COVID-19 pandemic or other unforeseen events could result in an impairment charge in future periods which could have a material adverse effect on our financial statements. Income taxes Under U.S. GAAP, the Company calculates its quarterly tax provision based on an estimated effective tax rate for the year and then adjusts this amount by certain discrete items each quarter. Potential changing and volatile macro-economic conditions could cause fluctuations in forecasted earnings before income taxes. As such, the Company's effective tax rate could be subject to volatility as forecasted earnings before income taxes are impacted by events which cannot be predicted. In addition, potential future economic deterioration brought on by the pandemic or other factors may negatively impact the realizability of certain deferred tax assets. Other Accounting Matters Synthetic lease arrangements We have a number of synthetic lease arrangements with financial institutions for non-core properties. The leases contain provisions for options to purchase, extend the original term for additional periods or return the property. At June 30, 2021 and December 31, 2020, these arrangements include residual value guarantees of up to $220 million, respectively, that could potentially come due in future periods. We do not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities. The majority of these leases are classified as operating leases. We have assessed the reasonable certainty of these provisions to determine the appropriate lease term. The leases were measured using our incremental borrowing rate and are included in our right of use assets and lease liabilities in the Consolidated Condensed Balance Sheets. Rental payments are calculated at the applicable LIBOR rate plus a margin. The impact to the Consolidated Condensed Balance Sheets and Consolidated Condensed Statements of Income (Loss) is nominal. Supply Chain Financing Arrangements The Company has ongoing agreements globally with various third-parties to allow certain suppliers the opportunity to sell receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. Due to the completed partial tender offer for Whirlpool China and subsequent deconsolidation of the subsidiary during the second quarter of 2021, we no longer have supply chain financing arrangements in China. For additional information see Note 15 to the Consolidated Condensed Financial Statements. We have no economic interest in the sale of these receivables and no direct financial relationship with the financial institutions concerning these services. Our obligations to suppliers, including amounts due and scheduled payment terms, are not impacted. All outstanding balances under these programs are recorded in accounts payable on our Consolidated Condensed Balance Sheets. At June 30, 2021 and December 31, 2020, approximately $1.2 billion, has been issued to participating financial institutions. A downgrade in our credit rating or changes in the financial markets could limit the financial institutions’ willingness to commit funds to, and participate in, the programs. We do not believe such risk would have a material impact on our working capital or cash flows. *Whirlpool ownership of the Hotpoint brand in EMEA and Asia Pacific regions is not affiliated with the Hotpoint brand sold in the Americas. Inventories Effective January 1, 2021, the Company changed its accounting principle for inventory valuation for inventories located in the U.S. from a last-in, first-out ("LIFO") basis to a first-in, first-out ("FIFO") basis. All prior periods presented in the Consolidated Condensed Financial Statements have been retrospectively adjusted to apply the effects of the change in accounting principle. Equity Method Investments Whirlpool holds an equity interest of approximately 20% in Whirlpool China, an entity which was previously controlled by the Company. We account for the remaining interest under equity method accounting and Whirlpool China and its subsidiaries continue to supply the Company in the normal course of business. Whirlpool China was also granted a license to sell Whirlpool-branded products in China. Subsequent to the completion of the partial tender offer for Whirlpool China and deconsolidation of the entity, we made purchases of $66 million, a portion of which reflects amounts due for products supplied prior to the divestment date. The outstanding amount due to Whirlpool China and its subsidiaries is $141 million as of June 30, 2021. The licensing revenue and outstanding accounts receivable from Whirlpool China and its subsidiaries are not material for the periods presented. The value of the interest retained in Whirlpool China of $214 million is included in Other noncurrent assets in the Consolidated Condensed Balance Sheet. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. In 2018, Whirlpool of India Limited (Whirlpool India), a majority-owned subsidiary of Whirlpool Corporation, acquired a 49% equity interest in Elica PB India for $22 million. Whirlpool India has a currently exercisable option to acquire the remaining equity interest in the future for fair value, and the non-Whirlpool India shareholders of Elica PB India received an option which is exercisable in the future to sell their remaining equity interest to Whirlpool India for fair value, which could be material to the financial statements of the Company depending on the performance of the venture. We account for our minority interest under the equity method of accounting. The Company’s share of the results of equity method investments and elimination of intra-entity results are included in Interest and sundry (income) expense in the Consolidated Condensed Income Statement and Other noncurrent assets in the Consolidated Condensed Balance Sheet. The impact of equity method investments is not material for the periods presented. Adoption of New Accounting Standards We adopted the following standard, which did not have a material impact on our Consolidated Condensed Financial Statements: Standard Effective Date 2019-12 Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes January 1, 2021 All other newly issued and effective accounting standards during 2021 were not relevant or material to the Company. Accounting Pronouncements Issued But Not Yet Effective In March 2020, the FASB issued Update 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting". The amendments in Update 2020-04 are elective and apply to all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. The new guidance provides the following optional expedients: simplify accounting analyses under current U.S. GAAP for contract modifications, simplify the assessment of hedge effectiveness, allow hedging relationships affected by reference rate reform to continue and allow a one-time election to sell or transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform. In January 2021, the FASB issued Update 2021-01, "Reference Rate Reform (Topic 848): Scope". The update provides additional optional guidance on the transition from LIBOR to include derivative instruments that use an interest rate for margining, discounting or contract price alignment. The standard will ease, if warranted, the requirements for accounting for the future effects of the rate reform. An entity may elect to apply the amendments prospectively through December 31, 2022. We continue to monitor the impact the discontinuance of LIBOR or another reference rate will have on our contracts, hedging relationships and other transactions. All other issued and not yet effective accounting standards are not relevant or material to the Company.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Disaggregation of Revenue The following table presents our disaggregated revenues by revenue source. We sell products within all product categories in each operating segment. For additional information on the disaggregated revenues by geographic regions, see Note 14 to the Consolidated Condensed Financial Statements. Three Months Ended June 30, Six Months Ended June 30, Millions of dollars 2021 2020 2021 2020 Major product categories: Laundry $ 1,380 $ 1,071 $ 2,949 $ 2,401 Refrigeration 1,627 1,305 3,254 2,667 Cooking 1,502 909 2,749 1,852 Dishwashing 409 439 924 810 Total major product category net sales $ 4,918 $ 3,725 $ 9,876 $ 7,731 Spare parts and warranties 292 206 558 434 Other 114 111 248 201 Total net sales $ 5,324 $ 4,042 $ 10,682 $ 8,367 The impact to revenue related to prior period performance obligations is less than 1% of global consolidated revenues for the three and six months ended June 30, 2021. Allowance for Expected Credit Losses We estimate our expected credit losses primarily by using an aging methodology and establish customer-specific reserves for higher risk trade customers. Our expected credit losses are evaluated and controlled within each geographic region considering the unique credit risk specific to the country, marketplace and economic environment. We take into account past events, current conditions and reasonable and supportable forecasts in developing the reserve. The following table summarizes our allowance for expected credit losses by operating segment for the six months ended June 30, 2021. Millions of dollars December 31, 2020 Charged to Earnings Write-offs Foreign Currency Other (1) June 30, 2021 Accounts receivable allowance North America $ 7 $ 3 $ (3) $ — $ — $ 7 EMEA 67 1 (14) (3) — 51 Latin America 44 1 (2) — — 43 Asia 14 — (1) (11) 2 Consolidated $ 132 $ 5 $ (19) $ (4) $ (11) $ 103 Financing receivable allowance Latin America $ 27 $ — $ — $ 1 $ — $ 28 Asia 21 — — — (21) — $ 48 $ — $ — $ 1 $ (21) $ 28 Consolidated $ 180 $ 5 $ (19) $ (3) $ (32) $ 131 (1) Accounts receivable and financing receivable allowance of Whirlpool China which were previously classified under accounts receivable and noncurrent assets, respectively, have been removed as part of the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within our Consolidated Condensed Statements of Cash Flows: June 30, Millions of dollars 2021 2020 Cash and cash equivalents as presented in our Consolidated Condensed Balance Sheets $ 2,968 $ 2,546 Restricted cash included in prepaid and other current assets — — Cash, cash equivalents and restricted cash as presented in our Consolidated Condensed Statements of Cash Flows $ 2,968 $ 2,546 December 31, Millions of dollars 2020 2019 Cash and cash equivalents as presented in our Consolidated Balance Sheets $ 2,924 $ 1,952 Restricted cash included in prepaid and other current assets (1) 10 — Cash, cash equivalents and restricted cash as presented in our Consolidated Statements of Cash Flows $ 2,934 $ 1,952

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory, Net [Abstract]
Inventories	INVENTORIES The following table summarizes our inventories at June 30, 2021 and December 31, 2020: Millions of dollars June 30, 2021 December 31, 2020 Finished products $ 1,915 $ 1,635 Raw materials and work in process 737 666 Total Inventories $ 2,652 $ 2,301

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	PROPERTY, PLANT AND EQUIPMENT The following table summarizes our property, plant and equipment at June 30, 2021 and December 31, 2020: Millions of dollars June 30, 2021 December 31, 2020 Land $ 84 $ 92 Buildings 1,297 1,517 Machinery and equipment 7,968 8,370 Accumulated depreciation (6,615) (6,780) Property, plant and equipment, net (1) $ 2,734 $ 3,199 (1) Decrease of $379 million in property, plant and equipment is due to the deconsolidation of Whirlpool China and divestment of Turkey subsidiary entity. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

Financing Arrangements

Financing Arrangements	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Financing Arrangements	FINANCING ARRANGEMENTS Debt Offering On April 29, 2021, Whirlpool Corporation (the “Company”), completed its offering of $300 million in principal amount of 2.400% Senior Notes due 2031 (the “ 2031 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2031 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank National Association (as successor to Citibank, N.A.), as trustee. The sale of the 2031 Notes was made pursuant to the terms of an Underwriting Agreement, dated April 26, 2021 (the “Underwriting Agreement”), among the Company, as issuer, and BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2031 Notes. The Company used the net proceeds from the sale of the 2031 Notes to redeem $300 million aggregate principal amount of 4.850% senior notes which was due June 15, 2021. Consistent with the Company’s Sustainability Bond Framework, the Company intends to allocate an amount equal to the net proceeds from the sale of the 2031 Notes to fund one or more new or existing environmental and social Eligible Projects, as defined in the Company’s prospectus supplement dated April 26, 2021. On May 7, 2020, the Company completed its offering of $500 million in principal amount of 4.60% Senior Notes due 2050 (the “2050 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-224381). The 2050 Notes were issued under the Indenture. The 2050 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2050 Notes to repay a portion of the outstanding borrowings under the Company’s revolving credit facility, as amended and restated, dated as of August 6, 2019, among the Company, certain other borrowers, the lenders referred to therein, JPMorgan Chase Bank, N.A. as administrative agent and Citibank, N.A., as syndication agent. On February 21, 2020, Whirlpool EMEA Finance S.à r.l., an indirect, wholly-owned finance subsidiary of Whirlpool Corporation, completed a bond offering consisting of €500 million (approximately $540 million at closing) in principal amount of 0.50% Senior Notes due in 2028 (the "2028 Notes") in a public offering pursuant to a registration statement on Form S-3 (File No. 333-224381). The 2028 Notes were issued under an indenture, dated February 21, 2020, among Whirlpool EMEA Finance S.à r.l, as issuer, the Company, as parent guarantor, and U.S. Bank National Association, as trustee. Whirlpool Corporation has fully and unconditionally guaranteed the Notes on a senior unsecured basis. The 2028 Notes contain covenants that limit Whirlpool Corporation's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the 2028 Notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest. Debt Repayment On June 15, 2021, $300 million of 4.850% senior notes matured and were repaid. On March 12, 2020, €500 million (approximately $566 million at repayment) of 0.625% senior notes matured and were repaid. Credit Facilities On August 6, 2019, Whirlpool Corporation entered into a Fourth Amended and Restated Long-Term Credit Agreement (the "Amended Long-Term Facility", or "revolving credit facility") by and among the Company, certain other borrowers, the lenders referred to therein, JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A., as Syndication Agent. The Amended Long-Term Facility provides aggregate borrowing capacity of $3.5 billion. The Amended Long-Term Facility has a maturity date of August 6, 2024, unless earlier terminated. The interest and fee rates payable with respect to the Amended Long-Term Facility based on our current debt rating are as follows: (1) the spread over Eurocurrency Rate is 1.125%; (2) the spread over prime is 0.125%; and (3) the unused commitment fee is 0.100%. The Amended Long-Term Facility contains customary covenants and warranties including, among other things, a debt to capitalization ratio of less than or equal to 0.65 as of the last day of each fiscal quarter, and a rolling twelve month interest coverage ratio required to be greater than or equal to 3.0 for each fiscal quarter. In addition, the covenants limit our ability to (or to permit any subsidiaries to), subject to various exceptions and limitations: (i) merge with other companies; (ii) create liens on our property; (iii) incur debt at the subsidiary level. We are in compliance with both our debt to capitalization ratio and interest coverage ratio under the revolving credit facility as of June 30, 2021. On April 27, 2020, Whirlpool Corporation entered into a revolving 364-Day Credit Agreement (the “364-Day Facility”) by and among the Company, the lenders referred to therein, and Citibank, N.A. as Administrative Agent. The 364-Day Facility provided aggregate borrowing capacity of $500 million, and expired on its termination date of April 26, 2021 with no outstanding borrowings. In addition to the committed $3.5 billion Amended Long-Term Facility, we have committed credit facilities in Brazil and India. These committed credit facilities provide borrowings up to approximately $213 million at June 30, 2021 and $206 million at December 31, 2020, based on exchange rates then in effect, respectively. Committed credit facilities are maturing through 2023. Facility Borrowings On March 13, 2020, the Company initiated a borrowing of approximately $2.2 billion under the Amended Long-Term Facility, for which a portion of the proceeds from the borrowing were used to fund commercial paper repayment. The Company repaid $500 million of this Amended Long-Term Facility borrowing with the proceeds from its May 2020 Notes offering. The Company repaid an additional $500 million of this Amended Long-Term Facility borrowing by drawing on the full amount of the 364-Day Facility. All facility borrowing were repaid as of December 31, 2020 and no amounts were borrowed on the facility during the six months ended June 30, 2021. Notes Payable Notes payable, which consist of short-term borrowings payable to banks or commercial paper, are generally used to fund working capital requirements. The fair value of our notes payable approximates the carrying amount due to the short maturity of these obligations. The following table summarizes the carrying value of notes payable at June 30, 2021 and December 31, 2020: Millions of dollars June 30, 2021 December 31, 2020 Short-term borrowings due to banks 10 12 Total notes payable $ 10 $ 12 Transfers and Servicing of Financial Assets In an effort to manage economic and geographic trade customer risk, from time to time, the Company will transfer, primarily without recourse, accounts receivable balances of certain customers to financial institutions resulting in a nominal impact recorded in interest and sundry (income) expense. These transactions are accounted for as sales of the receivables resulting in the receivables being de-recognized from the Consolidated Condensed Balance Sheets. These transfers do not require continuing involvement from the Company.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Embraco Antitrust Matters Beginning in February 2009, our former Embraco compressor business headquartered in Brazil ("Embraco") was notified of antitrust investigations of the global compressor industry by government authorities in various jurisdictions. Embraco resolved the government investigations and related claims in various jurisdictions and certain other claims remain pending. Whirlpool agreed to retain potential liabilities related to this matter following closing of the Embraco sale transaction. We continue to defend these actions. While it is currently not possible to reasonably estimate the aggregate amount of costs which we may incur in connection with these matters, such costs could have a material adverse effect on our financial statements in any particular reporting period. BEFIEX Credits and Other Brazil Tax Matters In previous years, our Brazilian operations earned tax credits under the Brazilian government's export incentive program (BEFIEX). These credits reduced Brazilian federal excise taxes on domestic sales. Our Brazilian operations have received tax assessments for income and social contribution taxes associated with certain monetized BEFIEX credits. We do not believe BEFIEX credits are subject to income or social contribution taxes. We believe these tax assessments are without merit and are vigorously defending our positions. We have not provided for income or social contribution taxes on these BEFIEX credits, and based on the opinions of tax and legal advisors, we have not accrued any amount related to these assessments at June 30, 2021. The total amount of outstanding tax assessments received for income and social contribution taxes relating to the BEFIEX credits, including interest and penalties, is approximately 2.0 billion Brazilian reais (approximately $398 million at June 30, 2021). Relying on existing Brazilian legal precedent, in 2003 and 2004, we recognized tax credits in an aggregate amount of $26 million, adjusted for currency, on the purchase of raw materials used in production ("IPI tax credits"). The Brazilian tax authority subsequently challenged the recording of IPI tax credits. No such credits have been recognized since 2004. In 2009, we entered into a Brazilian government program ("IPI Amnesty") which provided extended payment terms and reduced penalties and interest to encourage taxpayers to resolve this and certain other disputed tax credit amounts. As permitted by the program, we elected to settle certain debts through the use of other existing tax credits and recorded charges of approximately $34 million in 2009 associated with these matters. In July 2012, the Brazilian revenue authority notified us that a portion of our proposed settlement was rejected and we received tax assessments of 258 million Brazilian reais (approximately $52 million at June 30, 2021), reflecting interest and penalties to date. We believe these tax assessments are without merit and we are vigorously defending our position. The government's assessment in this case relies heavily on its arguments regarding taxability of BEFIEX credits for certain years, which we are disputing in one of the BEFIEX government assessment cases cited in the prior paragraph. Because the IPI Amnesty case is moving faster than the BEFIEX taxability case, we could be required to pay the IPI Amnesty assessment before obtaining a final decision in the BEFIEX taxability case. We have received tax assessments from the Brazilian federal tax authorities relating to amounts allegedly due regarding unemployment/social security insurance taxes (PIS/COFINS) for tax credits recognized since 2007. These credits were recognized for inputs to certain manufacturing and other business processes. These assessments are being challenged at the administrative and judicial levels in Brazil. The total amount of outstanding tax assessments received for credits recognized for PIS/COFINS inputs is approximately 303 million Brazilian reais (approximately $61 million at June 30, 2021). We believe these tax assessments are without merit and are vigorously defending our positions. Based on the opinion of our tax and legal advisors, we have not accrued any amount related to these assessments. In addition to the BEFIEX, IPI tax credit and PIS/COFINS inputs matters noted above, other assessments issued by the Brazilian tax authorities related to indirect and income tax matters, and other matters, are at various stages of review in numerous administrative and judicial proceedings. The amounts related to these assessments will continue to be increased by monetary adjustments at the Selic rate, which is the benchmark rate set by the Brazilian Central Bank. In accordance with our accounting policies, we routinely assess these matters and, when necessary, record our best estimate of a loss. We believe these tax assessments are without merit and are vigorously defending our positions. Litigation is inherently unpredictable and the conclusion of these matters may take many years to ultimately resolve. We may experience additional delays in resolving these matters as a result of COVID-19-related administrative and judicial system temporary delays and closures in Brazil. Amounts at issue in potential future litigation could increase as a result of interest and penalties in future periods. Accordingly, it is possible that an unfavorable outcome in these proceedings could have a material adverse effect on our financial statements in any particular reporting period. ICMS Credits We also filed legal actions in Brazil to recover certain social integration and social contribution taxes paid over gross sales including ICMS receipts, which is a form of Value Added Tax in Brazil. During 2017, we sold the rights to certain portions of this litigation to a third party for 90 million Brazilian reais (approximately $27 million at December 31, 2017). In the first quarter of 2019, we received a favorable decision in the largest of these ICMS legal actions. This decision is final and not subject to appeals. Based on the opinion of our tax and legal advisors, we recognized a gain of approximately $84 million, after related taxes and fees and based on exchange rates then in effect, during the first quarter of 2019 in connection with this decision. This amount reflects approximately $142 million in indirect tax credits ("credits") that we are entitled to monetize in future periods, offset by approximately $58 million in taxes and fees, which have been paid. In the second quarter of 2019, we received favorable final, non-appealable decisions in two smaller ICMS legal actions. Based on the opinion of our tax and legal advisors, we recognized a gain of approximately $35 million, after related taxes and fees and based on exchange rates then in effect, during the second quarter of 2019 in connection with this decision. This amount reflects approximately $54 million in credits that we are entitled to monetize in future periods, offset by approximately $18 million in taxes and fees, which have been paid. The ICMS credits and related fees were recorded in interest and sundry (income) expense in our Consolidated Statements of Comprehensive Income (Loss). The Brazilian tax authorities sought clarification before the Brazilian Supreme Court (in a leading case involving another taxpayer) of certain matters, including the amount of these credits (i.e., the gross rate or net credit amount), and other matters that could have affected the rights of Brazilian taxpayers regarding these credits. In May 2021, the Supreme Court ruled that the gross rate, which is the rate Whirlpool applied, is the appropriate rate, and that taxpayers that filed legal actions prior to the Supreme Court's original decision in 2017, such as Whirlpool, were entitled to credits for amounts paid prior to the original decision. The Supreme Court's ruling is final, and a formal written opinion is expected in the second half of the year. This favorable ruling affirms the position we have taken with respect to the credits at issue in our ICMS legal actions noted above, and our actions in recognizing and monetizing these credits. Competition Investigation In 2013, the French Competition Authority ("FCA") commenced an investigation of appliance manufacturers and retailers in France, including Whirlpool and Indesit. The FCA investigation was split into two parts, and in December 2018, we finalized a settlement with the FCA on the first part of the investigation. The second part of the FCA investigation, which is expected to focus primarily on manufacturer interactions with retailers, is ongoing. The Company is cooperating with this investigation. Although it is currently not possible to assess the impact, if any, that matters related to the FCA investigation may have on our financial statements, matters related to the FCA investigation could have a material adverse effect on our financial statements in any particular reporting period. Trade Customer Insolvency The Company was a former indirect minority shareholder of Alno AG, a longstanding trade customer that filed for insolvency protection in Germany. In 2020, we paid a settlement of €52.75 million (approximately $59 million) to resolve any potential claims the insolvency trustee might have against the Company. We are also defending third-party claims related to Alno's insolvency that we believe are without merit, and believe the ultimate resolution of these claims will not have a material adverse effect on our financial statements. Grenfell Tower On June 23, 2017, London's Metropolitan Police Service released a statement that it had identified a Hotpoint–branded refrigerator as the initial source of the Grenfell Tower fire in West London. U.K. authorities are conducting investigations, including regarding the cause and spread of the fire. The model in question was manufactured by Indesit Company between 2006 and 2009, prior to Whirlpool's acquisition of Indesit in 2014. We are fully cooperating with the investigating authorities. Whirlpool was named as a defendant in a product liability suit in Pennsylvania federal court related to this matter. The federal court dismissed the case with prejudice in September 2020. The dismissal is being appealed. In December 2020, lawsuits related to Grenfell Tower were filed in the U.K. against approximately 20 defendants, including Whirlpool Corporation and certain Whirlpool subsidiaries. Given the preliminary stage of the proceedings, we cannot speculate on their eventual outcomes or potential impact on our financial statements; accordingly, we have not recorded any significant charges as of June 30, 2021. Additional claims may be filed related to this incident. Other Litigation See Note 13 for information on certain U.S. income tax litigation. In addition, we are currently defending against two lawsuits that have been certified for treatment as class actions in U.S. federal court, relating to two top-load washing machine models. In December 2019, the court in one of these lawsuits entered summary judgment in Whirlpool's favor. That ruling remains subject to appeal, and the other lawsuit is ongoing. We believe the lawsuits are without merit and are vigorously defending them. Given the preliminary stage of the proceedings, we cannot reasonably estimate a range of loss, if any, at this time. The resolution of these matters could have a material adverse effect on our financial statements in any particular reporting period. We are currently vigorously defending a number of other lawsuits related to the manufacture and sale of our products which include class action allegations, and may become involved in similar actions. These lawsuits allege claims which include negligence, breach of contract, breach of warranty, product liability and safety claims, false advertising, fraud, and violation of federal and state regulations, including consumer protection laws. In general, we do not have insurance coverage for class action lawsuits. We are also involved in various other legal actions arising in the normal course of business, for which insurance coverage may or may not be available depending on the nature of the action. We dispute the merits of these suits and actions, and intend to vigorously defend them. Management believes, based upon its current knowledge, after taking into consideration legal counsel's evaluation of such suits and actions, and after taking into account current litigation accruals, that the outcome of these matters currently pending against Whirlpool should not have a material adverse effect, if any, on our financial statements. We may experience additional delays in resolving these and other pending litigation matters as a result of COVID-19-related temporary court and administrative body closures and postponements. Product Warranty and Legacy Product Corrective Action Reserves Product warranty reserves are included in other current and other noncurrent liabilities in our Consolidated Condensed Balance Sheets. The following table summarizes the changes in total product warranty liability reserves for the periods presented: Product Warranty Millions of dollars 2021 2020 Balance at January 1 $ 273 $ 383 Issuances/accruals during the period 185 108 Settlements made during the period/other (149) (203) Balance at June 30 $ 309 $ 288 Current portion $ 210 $ 187 Non-current portion 99 101 Total $ 309 $ 288 In the normal course of business, we engage in investigations of potential quality and safety issues. As part of our ongoing effort to deliver quality products to consumers, we are currently investigating certain potential quality and safety issues globally. As necessary, we undertake to effect repair or replacement of appliances in the event that an investigation leads to the conclusion that such action is warranted. As part of this process, we investigated incident reports associated with a particular component in certain Indesit-designed horizontal axis washers produced in EMEA. In January 2020, we commenced a product recall in the UK and Ireland for these EMEA-produced washers, for which the recall is ongoing. In the third quarter of 2019, we accrued approximately $105 million in estimated product warranty expense related to this matter. Reserve assumptions were updated in the fourth quarter of 2020 based on the latest available data including take rate assumptions and unit population resulting in a $30 million release to the reserve. This estimate is based on several assumptions which are inherently unpredictable and which we may need to materially revise in the future. For the three and six months ended June 30, 2021, settlements of approximately $3 million have been incurred related to this product recall. The total settlements since the beginning of this campaign are approximately $59 million. For the twelve months ended December 31, 2019, we incurred approximately $26 million of additional product warranty expense related to our previously disclosed legacy Indesit dryer corrective action campaign in the UK. For the three and six months ended June 30, 2021, or for the year ended December 31, 2020, we incurred no additional material product warranty expense related to this campaign. We continue to cooperate with the UK regulator, which continues to review the overall effectiveness of the modification program. Guarantees We have guarantee arrangements in a Brazilian subsidiary. For certain creditworthy customers, the subsidiary guarantees customer lines of credit at commercial banks to support purchases following its normal credit policies. If a customer were to default on its line of credit with the bank, our subsidiary would be required to assume the line of credit and satisfy the obligation with the bank. At June 30, 2021 and December 31, 2020, the guaranteed amounts totaled 755 million Brazilian reais (approximately $151 million at June 30, 2021) and 297 million Brazilian reais (approximately $57 million at December 31, 2020), respectively. The fair value of these guarantees were nominal at June 30, 2021 and December 31, 2020. Our subsidiary insures against a significant portion of this credit risk for these guarantees, under normal operating conditions, through policies purchased from high-quality underwriters. We provide guarantees of indebtedness and lines of credit for various consolidated subsidiaries. The maximum contractual amount of indebtedness and lines of credit available under these lines for consolidated subsidiaries totaled approximately $3.6 billion at June 30, 2021 and $3.5 billion at December 31, 2020. Our total short-term outstanding bank indebtedness under guarantees was nominal at both June 30, 2021 and December 31, 2020.

Pension and Other Postretiremen

Pension and Other Postretirement Benefit Plans	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefit Plans	PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The following table summarizes the components of net periodic pension cost and the cost of other postretirement benefits for the periods presented: Three Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 2 $ 1 $ — $ 1 Interest cost 19 24 3 5 2 3 Expected return on plan assets (40) (41) (8) (7) — — Amortization: Actuarial loss 18 16 5 3 — — Prior service credit — — — — (12) (2) Settlement and curtailment (gain) loss 3 — — — — (4) Net periodic benefit cost (credit) $ — $ (1) $ 2 $ 2 $ (10) $ (2) Six Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Service cost $ 1 $ 1 $ 3 $ 3 $ — $ 3 Interest cost 38 49 7 9 3 6 Expected return on plan assets (79) (82) (17) (15) — — Amortization: Actuarial loss 35 31 10 6 — — Prior service credit — — — — (23) (4) Settlement and curtailment (gain) loss 3 — — — — (4) Net periodic benefit cost (credit) $ (2) $ (1) $ 3 $ 3 $ (20) $ 1 The following table summarizes the net periodic cost recognized in operating profit and interest and sundry (income) expense for the periods presented: Three Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Operating profit (loss) $ — $ — $ 2 $ 1 $ — $ 1 Interest and sundry (income) expense — (1) — 1 (10) (3) Net periodic benefit cost $ — $ (1) $ 2 $ 2 $ (10) $ (2) Six Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Operating profit (loss) $ 1 $ 1 $ 3 $ 3 $ — $ 3 Interest and sundry (income) expense (3) (2) — — (20) (2) Net periodic benefit cost $ (2) $ (1) $ 3 $ 3 $ (20) $ 1 401(k) Defined Contribution Plan During March 2020, we announced that the company matching contributions for our 401(k) defined contribution plan, equal to up to 7% of participants' eligible compensation, covering substantially all U.S. employees, would be contributed in company stock starting from May 2020. As of January 1, 2021, we have resumed funding our matching contributions with cash.

Hedges and Derivative Financial

Hedges and Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Hedges and Derivative Financial Instruments	HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS Derivative instruments are accounted for at fair value based on market rates. Derivatives where we elect hedge accounting are designated as either cash flow, fair value or net investment hedges. Derivatives that are not accounted for based on hedge accounting are marked to market through earnings. If the designated cash flow hedges are highly effective, the gains and losses are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur. In the event it becomes probable the forecasted transaction to which a cash flow hedge relates will not occur, the derivative would be terminated and the amount in accumulated other comprehensive income (loss) would be recognized in earnings. The fair value of the hedge asset or liability is presented in either other current assets / liabilities or other noncurrent assets / liabilities on the Consolidated Condensed Balance Sheets and in other within cash provided by (used in) operating activities in the Consolidated Condensed Statements of Cash Flows. Using derivative instruments means assuming counterparty credit risk. Counterparty credit risk relates to the loss we could incur if a counterparty were to default on a derivative contract. We generally deal with investment grade counterparties and monitor the overall credit risk and exposure to individual counterparties. We do not anticipate nonperformance by any counterparties. The amount of counterparty credit exposure is limited to the unrealized gains, if any, on such derivative contracts. We do not require nor do we post collateral on such contracts. Hedging Strategy In the normal course of business, we manage risks relating to our ongoing business operations including those arising from changes in commodity prices, foreign exchange rates and interest rates. Fluctuations in these rates and prices can affect our operating results and financial condition. We use a variety of strategies, including the use of derivative instruments, to manage these risks. We do not enter into derivative financial instruments for trading or speculative purposes. Commodity Price Risk We enter into commodity derivative contracts on various commodities to manage the price risk associated with forecasted purchases and sales of material used in our manufacturing process. The objective of these hedges is to reduce the variability of cash flows associated with the forecasted purchase and sales of commodities. Foreign Currency and Interest Rate Risk We incur expenses associated with the procurement and production of products in a limited number of countries, while we sell in the local currencies of a large number of countries. Our primary foreign currency exchange exposures result from cross-currency sales of products. As a result, we enter into foreign exchange contracts to hedge certain firm commitments and forecasted transactions to acquire products and services that are denominated in foreign currencies. We enter into certain undesignated non-functional currency asset and liability hedges that relate primarily to short-term payables, receivables, intercompany loans and dividends. When we hedge a foreign currency denominated payable or receivable with a derivative, the effect of changes in the foreign exchange rates are reflected currently in interest and sundry (income) expense for both the payable/receivable and the derivative. Therefore, as a result of the economic hedge, we do not elect hedge accounting. We also enter into hedges to mitigate currency risk primarily related to forecasted foreign currency denominated expenditures, intercompany financing agreements and royalty agreements and designate them as cash flow hedges. Gains and losses on derivatives designated as cash flow hedges, to the extent they are included in the assessment of effectiveness, are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur. We may enter into cross-currency interest rate swaps to manage our exposure relating to cross-currency debt. The notional amount of outstanding cross-currency interest rate swap agreements was $1,275 million at June 30, 2021 and December 31, 2020. We may enter into interest rate swap agreements to manage interest rate risk exposure. Our interest rate swap agreements, if any, effectively modify our exposure to interest rate risk, primarily through converting certain floating rate debt to a fixed rate basis, and certain fixed rate debt to a floating rate basis. These agreements involve either the receipt or payment of floating rate amounts in exchange for fixed rate interest payments or receipts, respectively, over the life of the agreements without an exchange of the underlying principal amounts. We may enter into swap rate lock agreements to effectively reduce our exposure to interest rate risk by locking in interest rates on probable long-term debt issuances. Outstanding notional amounts of interest rate swap agreements were $300 million at June 30, 2021 and December 31, 2020, respectively. Net Investment Hedging The following table summarizes our foreign currency denominated debt and foreign exchange forwards/options designated as net investment hedges at June 30, 2021 and December 31, 2020: Notional (Local) Notional (USD) Current Maturity Instrument 2021 2020 2021 2020 Foreign exchange forwards/options MXN 7,200 MXN 7,200 $ 362 $ 362 August 2022 For instruments that are designated and qualify as a net investment hedge, the effective portion of the instruments' gain or loss is reported as a component of other comprehensive income (loss) and recorded in accumulated other comprehensive loss. The gain or loss will be subsequently reclassified into net earnings when the hedged net investment is either sold or substantially liquidated. The remaining change in fair value of the hedge instruments represents the ineffective portion, which is immediately recognized in interest and sundry (income) expense on our Consolidated Condensed Statements of Comprehensive Income. As of June 30, 2021 and December 31, 2020, there was no ineffectiveness on hedges designated as net investment hedges. The following table summarizes our outstanding derivative contracts and their effects in our Consolidated Condensed Balance Sheets at June 30, 2021 and December 31, 2020: Fair Value of Notional Amount Hedge Assets Hedge Liabilities Maximum Term (Months) Millions of dollars 2021 2020 2021 2020 2021 2020 2021 2020 Derivatives accounted for as hedges (1) Commodity swaps/options $ 260 $ 215 $ 57 $ 39 $ 1 $ 4 (CF) 24 30 Foreign exchange forwards/options 3,025 3,028 75 58 108 110 (CF/NI) 128 134 Cross-currency swaps 1,275 1,275 24 23 49 86 (CF) 92 98 Interest rate derivatives 300 300 — — 7 28 (CF) 47 53 Total derivatives accounted for as hedges $ 156 $ 120 $ 165 $ 228 Derivatives not accounted for as hedges Commodity swaps/options $ 1 $ 1 $ — $ — $ — $ — N/A 0 0 Foreign exchange forwards/options 3,375 4,161 24 25 59 96 N/A 6 12 Total derivatives not accounted for as hedges 24 25 59 96 Total derivatives $ 180 $ 145 $ 224 $ 324 Current $ 124 $ 103 $ 108 $ 152 Noncurrent 56 42 116 172 Total derivatives $ 180 $ 145 $ 224 $ 324 (1) Derivatives accounted for as hedges are considered either cash flow (CF) or net investment (NI) hedges. The following tables summarize the effects of derivative instruments on our Consolidated Condensed Statements of Comprehensive Income for the periods presented: Three Months Ended June 30, Gain (Loss) (2) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options $ 28 $ 24 Foreign exchange forwards/options (41) (10) Cross-currency swaps 12 (25) Interest rate derivatives (26) 5 Net investment hedges - foreign currency (10) (14) (37) (20) Three Months Ended June 30, Location of Gain (Loss) Reclassified from Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (3) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options Cost of products sold $ 18 $ (10) Foreign exchange forwards/options Net sales (1) 3 Foreign exchange forwards/options Cost of products sold (3) 9 Foreign exchange forwards/options Interest and sundry (income) expense (15) 1 Cross-currency swaps Interest and sundry (income) expense (8) (16) (9) (13) Three Months Ended June 30, Location of Gain (Loss) Recognized on Derivatives not Gain (Loss) Recognized on Derivatives not Derivatives not Accounted for as Hedges - Millions of dollars 2021 2020 Foreign exchange forwards/options Interest and sundry (income) expense $ (47) $ (25) (2) Change in gain (loss) recognized in OCI (effective portion) for the three months ended June 30, 2021 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. The tax impact of the cash flow hedges was $6 million and $(4) million for the three months ended June 30, 2021 and 2020, respectively. The tax impact of the net investment hedges was $5 million and $7 million for the three months ended June 30, 2021 and 2020, respectively. (3) Change in gain (loss) reclassified from OCI into earnings (effective portion) for the three months ended June 30, 2021 was primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. Six Months Ended June 30, Gain (Loss) (4) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options $ 54 $ (31) Foreign exchange 7 95 Cross-currency swaps 44 95 Interest rate derivatives 20 (66) Net investment hedges - foreign currency (3) 53 $ 122 $ 146 Six Months Ended June 30, Location of Gain (Loss) Reclassified from Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (5) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options Cost of products sold $ 29 $ (17) Foreign exchange forwards/options Net sales 2 3 Foreign exchange forwards/options Cost of products sold 6 9 Foreign exchange forwards/options Interest and sundry (income) expense 29 (31) Cross-currency swaps Interest and sundry (income) expense 51 11 $ 117 $ (25) Six Months Ended June 30, Location of Gain (Loss) Recognized on Derivatives not Gain (Loss) Recognized on Derivatives not Derivatives not Accounted for as Hedges - Millions of dollars 2021 2020 Foreign exchange forwards/options Interest and sundry (income) expense $ 32 $ 17 (4) Change in gain (loss) recognized in OCI (effective portion) for the six months ended June 30, 2021 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. The tax impact of the cash flow hedges was $(6) million and $(27) million for the six months ended June 30, 2021 and 2020, respectively. The tax impact of the net investment hedges was $(1) million and $(17) million for the six months ended June 30, 2021 and 2020, respectively. (5) Change in gain (loss) reclassified from OCI into earnings (effective portion) for the six months ended June 30, 2021 was primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. For cash flow hedges, the amount of ineffectiveness recognized in interest and sundry (income) expense was nominal for the periods ended June 30, 2021, and 2020. There were no hedges designated as fair value for the periods ended June 30, 2021, and 2020. The net amount of unrealized gain or loss on derivative instruments included in accumulated OCI related to contracts maturing and expected to be realized during the next twelve months is a gain of $29 million at June 30, 2021.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions market participants would use in pricing an asset or liability. Assets and liabilities measured at fair value are based on a market valuation approach using prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. As a basis for considering such assumptions, a three-tiered fair value hierarchy is established, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets that are observable, either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The following table summarizes the valuation of our assets and liabilities measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020 are as follows: Fair Value Millions of dollars Total Cost Basis Level 1 Level 2 (2) Total Measured at fair value on a recurring basis: 2021 2020 2021 2020 2021 2020 2021 2020 Short-term investments (1) $ 1,963 $ 2,164 $ 1,755 $ 1,603 $ 208 $ 561 $ 1,963 $ 2,164 Net derivative contracts — — — — (44) (179) (44) (179) (1) Short-term investments are primarily comprised of money market funds and highly liquid, low risk investments with initial maturities less than 90 days. (2) Change in level 2 short-term investments is primarily driven by the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. Whirlpool China Equity Method Investment During the second quarter of 2021, the partial tender offer for Whirlpool China was completed and the entity was deconsolidated. Subsequent to the share transfer, which was completed on May 6, 2021, the Company holds an equity interest of approximately 20% in Whirlpool China. The fair value of the retained investment in Whirlpool China at the date of deconsolidation was calculated based on the Whirlpool China stock price (Level 1 input), the portion of interest retained and the shares outstanding, resulting in a fair value of $214 million. For additional information see Note 15 to the Consolidated Condensed Financial Statements. Turkey Subsidiary Divestment During the second quarter of 2021, we entered into a share transfer agreement to sell our Turkish subsidiary and the sale was completed on June 30, 2021. Fair value was calculated based on the cash purchase price, subject to customary adjustments at closing (Level 2 input), and we recorded a loss on sale and disposal of businesses of $40 million for the write-down of the assets to the fair value of $111 million. For additional information see Note 15 to the Consolidated Condensed Financial Statements. Other Fair Value Measurements The fair value of long-term debt (including current maturities) was $5.92 billion and $6.13 billion at June 30, 2021 and December 31, 2020, respectively, and was estimated using discounted cash flow analysis based on incremental borrowing rates for similar types of borrowing arrangements (Level 2 input).

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY The following table summarizes the changes in stockholders' equity for the periods presented: Whirlpool Stockholders' Equity Total Retained Accumulated Other Comprehensive Income (Loss) Treasury Stock / Additional Paid-In-Capital Common Non-Controlling Interest (1) Balances, December 31, 2020 $ 4,795 $ 8,725 $ (2,811) $ (2,142) $ 113 $ 910 Comprehensive income Net earnings 440 433 — — — 7 Other comprehensive income 124 — 124 — — — Comprehensive income 564 433 124 — — 7 Stock issued (repurchased) (141) — — (141) — — Dividends declared (79) (79) — — — — Balances, March 31, 2021 5,139 9,079 (2,687) (2,283) 113 917 Comprehensive income Net earnings 580 581 — — — (1) Other comprehensive income 229 — 228 — — 1 Comprehensive income 809 581 228 — — — Stock issued (repurchased) 8 — — 7 1 — Dividends declared (88) (88) — — — — Divestitures (783) — — — — (783) Balances, June 30, 2021 5,085 9,572 (2,459) (2,276) 114 134 (1) Decrease of $783 million in noncontrolling interest is mainly due to the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. Whirlpool Stockholders' Equity Total Retained Accumulated Other Comprehensive Income (Loss) Treasury Stock / Additional Paid-In-Capital Common Non-Controlling Interest Balances, December 31, 2019 $ 4,210 $ 7,962 $ (2,618) $ (2,169) $ 112 $ 923 Comprehensive income Net earnings 149 154 — — — (5) Other comprehensive income (95) — (97) — — 2 Comprehensive income 54 154 (97) — — (3) Stock issued (repurchased) (115) — — (115) — — Dividends declared (75) (75) — — — — Balances, March 31, 2020 $ 4,074 $ 8,041 $ (2,715) $ (2,284) $ 112 $ 920 Comprehensive income Net earnings 20 30 — — — (10) Other comprehensive income (16) — (16) — — — Comprehensive income 4 30 (16) — — (10) Stock issued (repurchased) 19 — — 19 — — Dividends declared (83) (80) — — — (3) Balances, June 30, 2020 4,014 7,991 (2,731) (2,265) 112 907 Other Comprehensive Income (Loss) The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented: Three Months Ended June 30, 2021 2020 Millions of dollars Pre-tax Tax Effect Net Pre-tax Tax Effect Net Currency translation adjustments (2) $ 219 $ 5 $ 224 $ (61) 7 $ (54) Cash flow hedges (18) 6 (12) 7 (3) 4 Pension and other postretirement benefits plans 23 (6) 17 46 (12) 34 Other comprehensive income (loss) 224 5 229 (8) (8) (16) Less: Other comprehensive income (loss) available to noncontrolling interests 1 — 1 — — — Other comprehensive income (loss) available to Whirlpool $ 223 $ 5 $ 228 $ (8) $ (8) $ (16) Six Months Ended June 30, 2021 2020 Millions of dollars Pre-tax Tax Effect Net Pre-tax Tax Effect Net Currency translation adjustments (2) $ 327 $ (1) $ 326 $ (233) $ (17) $ (250) Cash flow hedges 8 (6) 2 118 (26) 92 Pension and other postretirement benefits plans 33 (8) 25 62 (15) 47 Other comprehensive income (loss) 368 (15) 353 (53) (58) (111) Less: Other comprehensive income (loss) available to noncontrolling interests 1 — 1 2 — 2 Other comprehensive income (loss) available to Whirlpool $ 367 $ (15) $ 352 $ (55) $ (58) $ (113) (2) Currency translation adjustments includes net investment hedges. Reclassifications Out of Accumulated Other Comprehensive Income (Loss) The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three and six months ended June 30, 2021: Three Months Ended Six Months Ended Millions of dollars (Gain) Loss Reclassified (Gain) Loss Reclassified Classification in Earnings Pension and postretirement benefits, pre-tax $ 15 $ 25 Interest and sundry (income) expense Currency translation related to divestitures $ (198) $ (198) (Gain) loss on sale and disposal of businesses Total $ (183) $ (173) Net Earnings per Share Diluted net earnings per share of common stock include the dilutive effect of stock options and other share-based compensation plans. Basic and diluted net earnings per share of common stock for the periods presented were calculated as follows: Three Months Ended June 30, Six Months Ended June 30, Millions of dollars and shares 2021 2020 2021 2020 Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool $ 581 $ 30 $ 1,014 $ 184 Denominator for basic earnings per share - weighted-average shares 62.9 62.4 63.0 62.6 Effect of dilutive securities - share-based compensation 0.6 0.3 0.5 0.4 Denominator for diluted earnings per share - adjusted weighted-average shares 63.5 62.7 63.5 63.0 Anti-dilutive stock options/awards excluded from earnings per share 0.1 2.3 0.1 2.1 Share Repurchase Program On July 25, 2017, our Board of Directors authorized a share repurchase program of up to $2 billion. On April 19, 2021, our Board of Directors authorized an additional share repurchase program of up to $2 billion, which has no expiration date. During the six months ended June 30, 2021, we repurchased 981,676 shares under these share repurchase programs at an aggregate price of approximately $200 million. At June 30, 2021, there were approximately $2.3 billion in remaining funds authorized under this program.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2021
Restructuring Charges [Abstract]
Restructuring Charges	RESTRUCTURING CHARGES We periodically take action to improve operating efficiencies, typically in connection with business acquisitions or changes in the economic environment. Our footprint and headcount reductions and organizational integration actions relate to discrete, unique restructuring events, primarily reflected in the following plans. On June 26, 2020, the Company committed to a workforce reduction plan in the United States, as part of the Company's continued cost reduction efforts. The workforce reduction plan included a voluntary retirement program and involuntary severance actions which were effective as of the end of the second quarter of 2020. These actions were completed in 2020 and the Company incurred $102 million in employee termination costs related to these actions. The remaining cash settlement of $17 million will occur throughout 2021, 2022 and 2023. During the third quarter of 2020, the Company committed to workforce reductions outside of the United States, as part of the Company’s previously announced continued cost reduction efforts. The Company has incurred $90 million of the approximately $148 million total costs and the action will be substantially complete in 2021. Cash settlement of $75 million has been paid to date with the remaining cash settlement expected to be paid over the duration of 2021. On May 31, 2019, we announced our intention to reconvert our Naples, Italy manufacturing plant and potentially sell the plant to a third party. On September 16, 2019, we entered into a preliminary agreement to sell the plant to a third-party purchaser and to support costs associated with the transition. In October 2019, we announced that, based on further discussions with unions and the Italian government, we will continue production at the Naples manufacturing plant in the near-term and resume negotiations with unions and the Italian government related to our exit of the plant. Our preliminary agreement to sell the plant to a third-party purchaser terminated in accordance with its terms in March 2020. We ceased production in the plant and exited the facility in 2020 as previously disclosed. In connection with this action, we have incurred approximately $141 million total costs comprised of $43 million in asset impairment costs, $25 million in other associated costs and $73 million in employee-related costs through June 30, 2021. The Company expects substantially all of the remaining $63 million cash settlement to occur in 2021, and has commenced the collective dismissal process which had been previously postponed in Italy as a result of the COVID-19 pandemic. The following table summarizes the changes to our restructuring liability during the six months ended June 30, 2021: Millions of dollars December 31, 2020 Charges to Earnings Cash Paid Non-Cash and Other June 30, 2021 Employee termination costs $ 145 $ 25 $ (61) $ — $ 109 Asset impairment costs 8 1 — (1) 8 Facility exit costs — — — — — Other exit costs 20 2 (11) (3) 8 Total $ 173 $ 28 $ (72) $ (4) $ 125 The following table summarizes the restructuring charges by operating segment for the period presented: Six Months Ended Millions of dollars June 30, 2021 North America $ — EMEA 25 Latin America — Asia 2 Corporate / Other 1 Total $ 28

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income tax expense was $94 million and $253 million for the three and six months ended June 30, 2021, respectively, compared to income tax expense of $17 million and $89 million in the same periods of 2020. For the three and six months ended June 30, 2021, the increase in tax expense from the prior period is due to higher overall earnings and related tax expense, partially offset by the tax effect of divestitures and legal entity 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 dollars 2021 2020 2021 2020 Earnings before income taxes $ 674 $ 37 $ 1,273 $ 258 Income tax expense computed at United States statutory tax rate 142 8 267 54 Valuation allowances (1) 5 2 6 Audit and Settlements 8 5 15 17 U.S. foreign income items, net of credits — (2) 7 1 Changes in enacted tax rates (14) — (14) — Divestiture tax impact (21) — (21) — Legal entity restructuring tax impact (46) — (46) — Other 26 1 43 11 Income tax expense (benefit) computed at effective worldwide tax rates $ 94 $ 17 $ 253 $ 89 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. Divestiture Tax Impact For the second quarter of 2021, the divestitures detailed in Note 15 generated an overall gain of $120 million, however for tax purposes, a taxable loss was incurred with no tax benefit recognized, resulting in a corresponding impact to tax expense of $21 million. As part of the legal entity restructuring associated with the Whirlpool China divestment, a tax deductible loss was generated in a separate jurisdiction with a related tax benefit in the amount of $46 million. Other Income Tax Matters During its examination of Whirlpool’s 2009 U.S. federal income tax return, the IRS asserted that income earned by a Luxembourg subsidiary via its Mexican branch should be recognized as income on its 2009 U.S. federal income tax return. The Company believed the proposed assessment was without merit and contested the matter in United States Tax Court (US Tax Court). Both Whirlpool and the IRS moved for partial summary judgment on this issue. On May 5, 2020, the US Tax Court granted the IRS’s motion for partial summary judgment and denied Whirlpool’s. The Company has appealed the US Tax Court decision to the United States Court of Appeals for the Sixth Circuit, which heard arguments in June 2021. The Company believes that it will be successful and has not recorded any impact of the US Tax Court’s decision in its consolidated financial statements.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Our reportable segments are based upon geographical region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our operating segments. Each segment manufactures home appliances and related components, but serves strategically different marketplaces. The chief operating decision maker, who is the Company's Chairman and Chief Executive Officer, evaluates performance based on each segment's earnings (loss) before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. 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 region's ongoing performance, if any. Intersegment sales are eliminated within each region. The tables below summarize performance by operating segment for the periods presented: Three Months Ended June 30, OPERATING SEGMENTS North EMEA Latin Asia (1) Other / Eliminations Total Net sales 2021 $ 3,042 $ 1,250 $ 763 $ 269 $ — $ 5,324 2020 2,501 836 434 271 — 4,042 Intersegment sales 2021 $ 76 $ 22 $ 313 $ 81 $ (492) $ — 2020 47 18 264 95 (424) — Depreciation and amortization 2021 $ 43 $ 44 $ 16 $ 5 $ 10 $ 118 2020 43 43 15 16 16 133 EBIT 2021 $ 557 $ 31 $ 74 $ 4 $ 53 $ 719 2020 310 (66) 11 (18) (151) 86 Total assets June 30, 2021 $ 7,857 $ 11,107 $ 4,471 $ 1,596 $ (4,950) $ 20,081 December 31, 2020 7,597 11,296 4,244 2,573 (5,274) 20,436 Capital expenditures 2021 $ 34 $ 30 $ 28 $ 9 $ 10 $ 111 2020 25 18 12 9 9 73 Six Months Ended June 30, OPERATING SEGMENTS North America EMEA Latin America Asia (1) Other / Eliminations Total Whirlpool Net sales 2021 $ 6,087 $ 2,420 $ 1,495 $ 680 $ — $ 10,682 2020 5,041 1,715 1,052 559 — 8,367 Intersegment sales 2021 $ 155 $ 46 $ 623 $ 192 $ (1,016) $ — 2020 120 38 550 158 (866) — Depreciation and amortization 2021 $ 89 $ 90 $ 31 $ 18 $ 31 $ 259 2020 90 81 31 33 33 268 EBIT 2021 $ 1,164 $ 52 $ 136 $ 26 $ (15) $ 1,363 2020 616 (81) 42 (34) (193) 350 Total assets June 30, 2021 $ 7,857 $ 11,107 $ 4,471 $ 1,596 $ (4,950) 20,081 December 31, 2020 7,597 11,296 4,244 2,573 (5,274) 20,436 Capital expenditures 2021 $ 65 $ 47 $ 43 $ 12 $ 17 $ 184 2020 53 32 26 23 21 155 (1) Decrease in Total assets of Asia region is mainly due to the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. 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 millions 2021 2020 2021 2020 Items not allocated to segments: Restructuring costs $ (8) $ (118) $ (28) $ (123) Gain (loss) on sale and disposal of businesses 120 — 120 — Corporate expenses and other (59) (33) (107) (70) Total other/eliminations $ 53 $ (151) $ (15) $ (193) 120 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 millions 2021 2020 2021 2020 Operating profit $ 683 $ 71 $ 1,301 $ 334 Interest and sundry (income) expense (36) (15) (62) (16) Total EBIT $ 719 $ 86 $ 1,363 $ 350 Interest expense 45 49 90 92 Income tax expense 94 17 253 89 Net earnings (loss) $ 580 $ 20 $ 1,020 $ 169 Less: Net earnings available to noncontrolling interests (1) (10) 6 (15) Net earnings (loss) available to Whirlpool $ 581 $ 30 $ 1,014 $ 184

Divestitures

Divestitures	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	DIVESTITURES Whirlpool China Divestment On August 25, 2020, Guangdong Galanz Household Appliances Manufacturing Co., Ltd. (“Galanz”) announced its intention to pursue a tender offer for majority control of Whirlpool China Co. Ltd. (“Whirlpool China”), a majority-owned subsidiary of the Company with shares listed on the Shanghai Stock Exchange. In its announcement, Galanz noted that it expected to offer RMB 5.23 per share (approximately $0.76 per share as of August 25, 2020) to obtain no less than 51% and no more than 61% of Whirlpool China’s outstanding shares. This share price offer was equal to the daily weighted average trading price for Whirlpool China stock over the 30 trading days prior to the announcement. In the first quarter of 2021, our Board of Directors approved the sale of Whirlpool China, which was reported within our Asia reportable segment and met the criteria for held for sale accounting during the first quarter of 2021. The operations of Whirlpool China did not meet the criteria to be presented as discontinued operations. On May 6, 2021, the tender offer was completed and the share transfer was executed for a consideration of RMB 1.25 billion (approximately $193 million on the date of completion). Subsequent to the share transfer, the Company holds an equity interest of approximately 20% in Whirlpool China. In connection with the sale, we recorded a gain, net of transaction and other costs, of $284 million during the three and six months ended June 30, 2021. The gain on sale is equal to the difference between the total transaction amount and carrying value of Whirlpool China, which includes $74 million of cumulative foreign currency translation adjustments and $80 million of goodwill allocated to the disposal group. The total transaction amount includes $193 million of consideration received from the sale of Whirlpool China shares, $214 million for the fair value of the interest retained and the $783 million carrying value of the equity interest in Whirlpool China. The fair value of the interest retained was based on the ownership amount and the stock price of Whirlpool China as of the closing date of the transaction and we account for the remaining minority interest under the equity method accounting as of June 30, 2021. Earnings before income taxes prior to the share transfer of Whirlpool China were not material to the Company for the period presented. The following table presents the carrying amounts of the major classes of Whirlpool China’s assets and liabilities as of June 30, 2021 and December 31, 2020. Millions of dollars June 30, December 31, 2021 2020 Cash and cash equivalents $ — $ 324 Accounts receivable, net of allowance of $0 and $11, respectively — 85 Inventories — 98 Prepaid and other current assets — 93 Property, net of accumulated depreciation of $0 and $189, respectively — 309 Other noncurrent assets (1) — 283 Total assets $ — $ 1,192 Accounts payable $ — $ 216 Accrued expenses — 53 Other current liabilities — 254 Other noncurrent liabilities — 7 Total liabilities $ — $ 530 (1) Other non current assets include allocated goodwill of $80 million. Turkey Subsidiary Divestment On May 17, 2021, we entered into a share transfer agreement with Arçelik A.Ş. ("Arçelik") to sell our Turkish subsidiary for a cash purchase price of €78 million (approximately $93 million on June, 30 2021), subject to customary adjustments at closing. On June 30, 2021, we completed the sale of the Turkish subsidiary. In connection with the sale, we recorded a loss on disposal of $164 million as of June 30, 2021. The loss includes a charge of $40 million for the write-down of the assets of the disposal group to fair value and allocated goodwill, and $124 million of cumulative foreign currency translation adjustments included in the carrying amount of the disposal group. The Turkish subsidiary, whose primary asset was a manufacturing plant, was reported within our EMEA reportable segment. The operations of Turkey did not meet the criteria to be presented as discontinued operations. Earnings before income taxes for Turkey were not material for the periods presented. For additional information see Note 10 to the Consolidated Condensed Financial Statements.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
General Information	General Information The accompanying unaudited Consolidated Condensed Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by U.S. GAAP for complete financial statements. As a result, this Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Form 10-K for the year ended December 31, 2020. Management believes that the accompanying Consolidated Condensed Financial Statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods.
Use of Estimates	We are required to make estimates and assumptions that affect the amounts reported in the Consolidated Condensed Financial Statements and accompanying Notes. Actual results could differ materially from those estimates. Certain prior year amounts in the Consolidated Condensed Financial Statements have been reclassified to conform with current year presentation.
Consolidation	We have eliminated all material intercompany transactions in our Consolidated Condensed Financial Statements. We do not consolidate the financial statements of any company in which we have an ownership interest of 50% or less, unless that company is deemed to be a variable interest entity ("VIE") of which we are the primary beneficiary. VIEs are consolidated when the company is the primary beneficiary of these entities and has the ability to directly impact the activities of these entities.
Risks and Uncertainties	Risks and Uncertainties COVID-19 continues to impact countries across the world, and the duration and severity of the effects are currently unknown. The pandemic has impacted the Company and could materially impact our financial results in the future. The Consolidated Condensed Financial Statements presented herein reflect estimates and assumptions made by management at June 30, 2021. Such estimates and assumptions affect, among other things, the Company’s goodwill, long-lived asset and indefinite-lived intangible asset valuation; inventory valuation; assessment of the annual effective tax rate; valuation of deferred income taxes and income tax contingencies; and the allowance for expected credit losses and bad debt. Events and changes in circumstances arising after July 22, 2021, including those resulting from the impacts of COVID-19, will be reflected in management’s estimates for future periods. As a result of our analysis, and in consideration of the totality of events and circumstances, there were no triggering events of impairment identified during the second quarter of 2021. A lack of recovery or further deterioration in market conditions, a sustained trend of weaker than expected financial performance in EMEA or for our Indesit , Hotpoint*, Maytag or JennAir trademarks or a lack of recovery or a decline in the Company’s market capitalization, among other factors, as a result of the COVID-19 pandemic or other unforeseen events could result in an impairment charge in future periods which could have a material adverse effect on our financial statements.
Goodwill and Indefinite-lived Intangible Assets	Goodwill and indefinite-lived intangible assets Our Critical Accounting Policies and Estimates for goodwill and other indefinite-lived intangibles are disclosed in Note 1 to the Consolidated Financial Statements and in Management's Discussion and Analysis of our annual report on Form 10-K for the fiscal year ended December 31, 2020. We continue to monitor the significant global economic uncertainty as a result of COVID-19 to assess the outlook for demand for our products and the impact on our business and our overall financial performance. The goodwill in our EMEA reporting unit and our Indesit , Hotpoint*, Maytag and JennAir trademarks continue to be at risk at June 30, 2021. The goodwill in our other reporting units or indefinite-lived intangible assets are not presently at risk for future impairment. The potential impact of demand disruptions, production impacts or supply constraints could negatively effect revenues for the Indesit, Hotpoint *, Maytag and JennAir trademarks and the EMEA reporting unit, but we remain committed to the strategic actions necessary to realize the long-term forecasted EBIT margins.
Income Taxes	Income taxes Under U.S. GAAP, the Company calculates its quarterly tax provision based on an estimated effective tax rate for the year and then adjusts this amount by certain discrete items each quarter. Potential changing and volatile macro-economic conditions could cause fluctuations in forecasted earnings before income taxes. As such, the Company's effective tax rate could be subject to volatility as forecasted earnings before income taxes are impacted by events which cannot be predicted. In addition, potential future economic deterioration brought on by the pandemic or other factors may negatively impact the realizability of certain deferred tax assets.
Supply Chain Financing Arrangements	Supply Chain Financing Arrangements The Company has ongoing agreements globally with various third-parties to allow certain suppliers the opportunity to sell receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. Due to the completed partial tender offer for Whirlpool China and subsequent deconsolidation of the subsidiary during the second quarter of 2021, we no longer have supply chain financing arrangements in China. For additional information see Note 15 to the Consolidated Condensed Financial Statements. We have no economic interest in the sale of these receivables and no direct financial relationship with the financial institutions concerning these services. Our obligations to suppliers, including amounts due and scheduled payment terms, are not impacted. All outstanding balances under these programs are recorded in accounts payable on our Consolidated Condensed Balance Sheets. At June 30, 2021 and December 31, 2020, approximately $1.2 billion, has been issued to participating financial institutions. A downgrade in our credit rating or changes in the financial markets could limit the financial institutions’ willingness to commit funds to, and participate in, the programs. We do not believe such risk would have a material impact on our working capital or cash flows.
Inventories	Inventories Effective January 1, 2021, the Company changed its accounting principle for inventory valuation for inventories located in the U.S. from a last-in, first-out ("LIFO") basis to a first-in, first-out ("FIFO") basis. All prior periods presented in the Consolidated Condensed Financial Statements have been retrospectively adjusted to apply the effects of the change in accounting principle.
Equity Method Investments	Equity Method Investments Whirlpool holds an equity interest of approximately 20% in Whirlpool China, an entity which was previously controlled by the Company. We account for the remaining interest under equity method accounting and Whirlpool China and its subsidiaries continue to supply the Company in the normal course of business. Whirlpool China was also granted a license to sell Whirlpool-branded products in China. Subsequent to the completion of the partial tender offer for Whirlpool China and deconsolidation of the entity, we made purchases of $66 million, a portion of which reflects amounts due for products supplied prior to the divestment date. The outstanding amount due to Whirlpool China and its subsidiaries is $141 million as of June 30, 2021. The licensing revenue and outstanding accounts receivable from Whirlpool China and its subsidiaries are not material for the periods presented. The value of the interest retained in Whirlpool China of $214 million is included in Other noncurrent assets in the Consolidated Condensed Balance Sheet. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. In 2018, Whirlpool of India Limited (Whirlpool India), a majority-owned subsidiary of Whirlpool Corporation, acquired a 49% equity interest in Elica PB India for $22 million. Whirlpool India has a currently exercisable option to acquire the remaining equity interest in the future for fair value, and the non-Whirlpool India shareholders of Elica PB India received an option which is exercisable in the future to sell their remaining equity interest to Whirlpool India for fair value, which could be material to the financial statements of the Company depending on the performance of the venture. We account for our minority interest under the equity method of accounting.
Adoption of New Accounting Standards	Adoption of New Accounting Standards We adopted the following standard, which did not have a material impact on our Consolidated Condensed Financial Statements: Standard Effective Date 2019-12 Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes January 1, 2021 All other newly issued and effective accounting standards during 2021 were not relevant or material to the Company. Accounting Pronouncements Issued But Not Yet Effective In March 2020, the FASB issued Update 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting". The amendments in Update 2020-04 are elective and apply to all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. The new guidance provides the following optional expedients: simplify accounting analyses under current U.S. GAAP for contract modifications, simplify the assessment of hedge effectiveness, allow hedging relationships affected by reference rate reform to continue and allow a one-time election to sell or transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform. In January 2021, the FASB issued Update 2021-01, "Reference Rate Reform (Topic 848): Scope". The update provides additional optional guidance on the transition from LIBOR to include derivative instruments that use an interest rate for margining, discounting or contract price alignment. The standard will ease, if warranted, the requirements for accounting for the future effects of the rate reform. An entity may elect to apply the amendments prospectively through December 31, 2022. We continue to monitor the impact the discontinuance of LIBOR or another reference rate will have on our contracts, hedging relationships and other transactions. All other issued and not yet effective accounting standards are not relevant or material to the Company.
Derivatives	Hedging Strategy In the normal course of business, we manage risks relating to our ongoing business operations including those arising from changes in commodity prices, foreign exchange rates and interest rates. Fluctuations in these rates and prices can affect our operating results and financial condition. We use a variety of strategies, including the use of derivative instruments, to manage these risks. We do not enter into derivative financial instruments for trading or speculative purposes. Commodity Price Risk We enter into commodity derivative contracts on various commodities to manage the price risk associated with forecasted purchases and sales of material used in our manufacturing process. The objective of these hedges is to reduce the variability of cash flows associated with the forecasted purchase and sales of commodities. Foreign Currency and Interest Rate Risk We incur expenses associated with the procurement and production of products in a limited number of countries, while we sell in the local currencies of a large number of countries. Our primary foreign currency exchange exposures result from cross-currency sales of products. As a result, we enter into foreign exchange contracts to hedge certain firm commitments and forecasted transactions to acquire products and services that are denominated in foreign currencies. We enter into certain undesignated non-functional currency asset and liability hedges that relate primarily to short-term payables, receivables, intercompany loans and dividends. When we hedge a foreign currency denominated payable or receivable with a derivative, the effect of changes in the foreign exchange rates are reflected currently in interest and sundry (income) expense for both the payable/receivable and the derivative. Therefore, as a result of the economic hedge, we do not elect hedge accounting. We also enter into hedges to mitigate currency risk primarily related to forecasted foreign currency denominated expenditures, intercompany financing agreements and royalty agreements and designate them as cash flow hedges. Gains and losses on derivatives designated as cash flow hedges, to the extent they are included in the assessment of effectiveness, are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur. We may enter into cross-currency interest rate swaps to manage our exposure relating to cross-currency debt. The notional amount of outstanding cross-currency interest rate swap agreements was $1,275 million at June 30, 2021 and December 31, 2020.
Fair Value of Financial Instruments	Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions market participants would use in pricing an asset or liability. Assets and liabilities measured at fair value are based on a market valuation approach using prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. As a basis for considering such assumptions, a three-tiered fair value hierarchy is established, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets that are observable, either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Segment Information	Our reportable segments are based upon geographical region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our operating segments. Each segment manufactures home appliances and related components, but serves strategically different marketplaces. The chief operating decision maker, who is the Company's Chairman and Chief Executive Officer, evaluates performance based on each segment's earnings (loss) before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. 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 region's ongoing performance, if any. Intersegment sales are eliminated within each region.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	We adopted the following standard, which did not have a material impact on our Consolidated Condensed Financial Statements: Standard Effective Date 2019-12 Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes January 1, 2021

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our disaggregated revenues by revenue source. We sell products within all product categories in each operating segment. For additional information on the disaggregated revenues by geographic regions, see Note 14 to the Consolidated Condensed Financial Statements. Three Months Ended June 30, Six Months Ended June 30, Millions of dollars 2021 2020 2021 2020 Major product categories: Laundry $ 1,380 $ 1,071 $ 2,949 $ 2,401 Refrigeration 1,627 1,305 3,254 2,667 Cooking 1,502 909 2,749 1,852 Dishwashing 409 439 924 810 Total major product category net sales $ 4,918 $ 3,725 $ 9,876 $ 7,731 Spare parts and warranties 292 206 558 434 Other 114 111 248 201 Total net sales $ 5,324 $ 4,042 $ 10,682 $ 8,367
Allowance for Doubtful Accounts by Operating Segment	The following table summarizes our allowance for expected credit losses by operating segment for the six months ended June 30, 2021. Millions of dollars December 31, 2020 Charged to Earnings Write-offs Foreign Currency Other (1) June 30, 2021 Accounts receivable allowance North America $ 7 $ 3 $ (3) $ — $ — $ 7 EMEA 67 1 (14) (3) — 51 Latin America 44 1 (2) — — 43 Asia 14 — (1) (11) 2 Consolidated $ 132 $ 5 $ (19) $ (4) $ (11) $ 103 Financing receivable allowance Latin America $ 27 $ — $ — $ 1 $ — $ 28 Asia 21 — — — (21) — $ 48 $ — $ — $ 1 $ (21) $ 28 Consolidated $ 180 $ 5 $ (19) $ (3) $ (32) $ 131 (1) Accounts receivable and financing receivable allowance of Whirlpool China which were previously classified under accounts receivable and noncurrent assets, respectively, have been removed as part of the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within our Consolidated Condensed Statements of Cash Flows: June 30, Millions of dollars 2021 2020 Cash and cash equivalents as presented in our Consolidated Condensed Balance Sheets $ 2,968 $ 2,546 Restricted cash included in prepaid and other current assets — — Cash, cash equivalents and restricted cash as presented in our Consolidated Condensed Statements of Cash Flows $ 2,968 $ 2,546 December 31, Millions of dollars 2020 2019 Cash and cash equivalents as presented in our Consolidated Balance Sheets $ 2,924 $ 1,952 Restricted cash included in prepaid and other current assets (1) 10 — Cash, cash equivalents and restricted cash as presented in our Consolidated Statements of Cash Flows $ 2,934 $ 1,952
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within our Consolidated Condensed Statements of Cash Flows: June 30, Millions of dollars 2021 2020 Cash and cash equivalents as presented in our Consolidated Condensed Balance Sheets $ 2,968 $ 2,546 Restricted cash included in prepaid and other current assets — — Cash, cash equivalents and restricted cash as presented in our Consolidated Condensed Statements of Cash Flows $ 2,968 $ 2,546 December 31, Millions of dollars 2020 2019 Cash and cash equivalents as presented in our Consolidated Balance Sheets $ 2,924 $ 1,952 Restricted cash included in prepaid and other current assets (1) 10 — Cash, cash equivalents and restricted cash as presented in our Consolidated Statements of Cash Flows $ 2,934 $ 1,952

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory, Net [Abstract]
Schedule of Inventory	The following table summarizes our inventories at June 30, 2021 and December 31, 2020: Millions of dollars June 30, 2021 December 31, 2020 Finished products $ 1,915 $ 1,635 Raw materials and work in process 737 666 Total Inventories $ 2,652 $ 2,301

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	The following table summarizes our property, plant and equipment at June 30, 2021 and December 31, 2020: Millions of dollars June 30, 2021 December 31, 2020 Land $ 84 $ 92 Buildings 1,297 1,517 Machinery and equipment 7,968 8,370 Accumulated depreciation (6,615) (6,780) Property, plant and equipment, net (1) $ 2,734 $ 3,199 (1) Decrease of $379 million in property, plant and equipment is due to the deconsolidation of Whirlpool China and divestment of Turkey subsidiary entity. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Notes Payable	The following table summarizes the carrying value of notes payable at June 30, 2021 and December 31, 2020: Millions of dollars June 30, 2021 December 31, 2020 Short-term borrowings due to banks 10 12 Total notes payable $ 10 $ 12

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Product Warranty Reserves	The following table summarizes the changes in total product warranty liability reserves for the periods presented: Product Warranty Millions of dollars 2021 2020 Balance at January 1 $ 273 $ 383 Issuances/accruals during the period 185 108 Settlements made during the period/other (149) (203) Balance at June 30 $ 309 $ 288 Current portion $ 210 $ 187 Non-current portion 99 101 Total $ 309 $ 288

Pension and Other Postretirem_2

Pension and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following table summarizes the components of net periodic pension cost and the cost of other postretirement benefits for the periods presented: Three Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 2 $ 1 $ — $ 1 Interest cost 19 24 3 5 2 3 Expected return on plan assets (40) (41) (8) (7) — — Amortization: Actuarial loss 18 16 5 3 — — Prior service credit — — — — (12) (2) Settlement and curtailment (gain) loss 3 — — — — (4) Net periodic benefit cost (credit) $ — $ (1) $ 2 $ 2 $ (10) $ (2) Six Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Service cost $ 1 $ 1 $ 3 $ 3 $ — $ 3 Interest cost 38 49 7 9 3 6 Expected return on plan assets (79) (82) (17) (15) — — Amortization: Actuarial loss 35 31 10 6 — — Prior service credit — — — — (23) (4) Settlement and curtailment (gain) loss 3 — — — — (4) Net periodic benefit cost (credit) $ (2) $ (1) $ 3 $ 3 $ (20) $ 1 The following table summarizes the net periodic cost recognized in operating profit and interest and sundry (income) expense for the periods presented: Three Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Operating profit (loss) $ — $ — $ 2 $ 1 $ — $ 1 Interest and sundry (income) expense — (1) — 1 (10) (3) Net periodic benefit cost $ — $ (1) $ 2 $ 2 $ (10) $ (2) Six Months Ended June 30, United States Foreign Other Postretirement Millions of dollars 2021 2020 2021 2020 2021 2020 Operating profit (loss) $ 1 $ 1 $ 3 $ 3 $ — $ 3 Interest and sundry (income) expense (3) (2) — — (20) (2) Net periodic benefit cost $ (2) $ (1) $ 3 $ 3 $ (20) $ 1

Hedges and Derivative Financi_2

Hedges and Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes our foreign currency denominated debt and foreign exchange forwards/options designated as net investment hedges at June 30, 2021 and December 31, 2020: Notional (Local) Notional (USD) Current Maturity Instrument 2021 2020 2021 2020 Foreign exchange forwards/options MXN 7,200 MXN 7,200 $ 362 $ 362 August 2022 The following table summarizes our outstanding derivative contracts and their effects in our Consolidated Condensed Balance Sheets at June 30, 2021 and December 31, 2020: Fair Value of Notional Amount Hedge Assets Hedge Liabilities Maximum Term (Months) Millions of dollars 2021 2020 2021 2020 2021 2020 2021 2020 Derivatives accounted for as hedges (1) Commodity swaps/options $ 260 $ 215 $ 57 $ 39 $ 1 $ 4 (CF) 24 30 Foreign exchange forwards/options 3,025 3,028 75 58 108 110 (CF/NI) 128 134 Cross-currency swaps 1,275 1,275 24 23 49 86 (CF) 92 98 Interest rate derivatives 300 300 — — 7 28 (CF) 47 53 Total derivatives accounted for as hedges $ 156 $ 120 $ 165 $ 228 Derivatives not accounted for as hedges Commodity swaps/options $ 1 $ 1 $ — $ — $ — $ — N/A 0 0 Foreign exchange forwards/options 3,375 4,161 24 25 59 96 N/A 6 12 Total derivatives not accounted for as hedges 24 25 59 96 Total derivatives $ 180 $ 145 $ 224 $ 324 Current $ 124 $ 103 $ 108 $ 152 Noncurrent 56 42 116 172 Total derivatives $ 180 $ 145 $ 224 $ 324 (1) Derivatives accounted for as hedges are considered either cash flow (CF) or net investment (NI) hedges.
Schedule of Effects of Derivative Instruments on Consolidated Statements of Income	The following tables summarize the effects of derivative instruments on our Consolidated Condensed Statements of Comprehensive Income for the periods presented: Three Months Ended June 30, Gain (Loss) (2) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options $ 28 $ 24 Foreign exchange forwards/options (41) (10) Cross-currency swaps 12 (25) Interest rate derivatives (26) 5 Net investment hedges - foreign currency (10) (14) (37) (20) Three Months Ended June 30, Location of Gain (Loss) Reclassified from Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (3) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options Cost of products sold $ 18 $ (10) Foreign exchange forwards/options Net sales (1) 3 Foreign exchange forwards/options Cost of products sold (3) 9 Foreign exchange forwards/options Interest and sundry (income) expense (15) 1 Cross-currency swaps Interest and sundry (income) expense (8) (16) (9) (13) Three Months Ended June 30, Location of Gain (Loss) Recognized on Derivatives not Gain (Loss) Recognized on Derivatives not Derivatives not Accounted for as Hedges - Millions of dollars 2021 2020 Foreign exchange forwards/options Interest and sundry (income) expense $ (47) $ (25) (2) Change in gain (loss) recognized in OCI (effective portion) for the three months ended June 30, 2021 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. The tax impact of the cash flow hedges was $6 million and $(4) million for the three months ended June 30, 2021 and 2020, respectively. The tax impact of the net investment hedges was $5 million and $7 million for the three months ended June 30, 2021 and 2020, respectively. (3) Change in gain (loss) reclassified from OCI into earnings (effective portion) for the three months ended June 30, 2021 was primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. Six Months Ended June 30, Gain (Loss) (4) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options $ 54 $ (31) Foreign exchange 7 95 Cross-currency swaps 44 95 Interest rate derivatives 20 (66) Net investment hedges - foreign currency (3) 53 $ 122 $ 146 Six Months Ended June 30, Location of Gain (Loss) Reclassified from Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) (5) Cash Flow Hedges - Millions of dollars 2021 2020 Commodity swaps/options Cost of products sold $ 29 $ (17) Foreign exchange forwards/options Net sales 2 3 Foreign exchange forwards/options Cost of products sold 6 9 Foreign exchange forwards/options Interest and sundry (income) expense 29 (31) Cross-currency swaps Interest and sundry (income) expense 51 11 $ 117 $ (25) Six Months Ended June 30, Location of Gain (Loss) Recognized on Derivatives not Gain (Loss) Recognized on Derivatives not Derivatives not Accounted for as Hedges - Millions of dollars 2021 2020 Foreign exchange forwards/options Interest and sundry (income) expense $ 32 $ 17 (4) Change in gain (loss) recognized in OCI (effective portion) for the six months ended June 30, 2021 is primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year. The tax impact of the cash flow hedges was $(6) million and $(27) million for the six months ended June 30, 2021 and 2020, respectively. The tax impact of the net investment hedges was $(1) million and $(17) million for the six months ended June 30, 2021 and 2020, respectively. (5) Change in gain (loss) reclassified from OCI into earnings (effective portion) for the six months ended June 30, 2021 was primarily driven by fluctuations in currency and commodity prices and interest rates compared to prior year.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following table summarizes the valuation of our assets and liabilities measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020 are as follows: Fair Value Millions of dollars Total Cost Basis Level 1 Level 2 (2) Total Measured at fair value on a recurring basis: 2021 2020 2021 2020 2021 2020 2021 2020 Short-term investments (1) $ 1,963 $ 2,164 $ 1,755 $ 1,603 $ 208 $ 561 $ 1,963 $ 2,164 Net derivative contracts — — — — (44) (179) (44) (179) (1) Short-term investments are primarily comprised of money market funds and highly liquid, low risk investments with initial maturities less than 90 days. (2) Change in level 2 short-term investments is primarily driven by the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	The following table summarizes the changes in stockholders' equity for the periods presented: Whirlpool Stockholders' Equity Total Retained Accumulated Other Comprehensive Income (Loss) Treasury Stock / Additional Paid-In-Capital Common Non-Controlling Interest (1) Balances, December 31, 2020 $ 4,795 $ 8,725 $ (2,811) $ (2,142) $ 113 $ 910 Comprehensive income Net earnings 440 433 — — — 7 Other comprehensive income 124 — 124 — — — Comprehensive income 564 433 124 — — 7 Stock issued (repurchased) (141) — — (141) — — Dividends declared (79) (79) — — — — Balances, March 31, 2021 5,139 9,079 (2,687) (2,283) 113 917 Comprehensive income Net earnings 580 581 — — — (1) Other comprehensive income 229 — 228 — — 1 Comprehensive income 809 581 228 — — — Stock issued (repurchased) 8 — — 7 1 — Dividends declared (88) (88) — — — — Divestitures (783) — — — — (783) Balances, June 30, 2021 5,085 9,572 (2,459) (2,276) 114 134 (1) Decrease of $783 million in noncontrolling interest is mainly due to the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. Whirlpool Stockholders' Equity Total Retained Accumulated Other Comprehensive Income (Loss) Treasury Stock / Additional Paid-In-Capital Common Non-Controlling Interest Balances, December 31, 2019 $ 4,210 $ 7,962 $ (2,618) $ (2,169) $ 112 $ 923 Comprehensive income Net earnings 149 154 — — — (5) Other comprehensive income (95) — (97) — — 2 Comprehensive income 54 154 (97) — — (3) Stock issued (repurchased) (115) — — (115) — — Dividends declared (75) (75) — — — — Balances, March 31, 2020 $ 4,074 $ 8,041 $ (2,715) $ (2,284) $ 112 $ 920 Comprehensive income Net earnings 20 30 — — — (10) Other comprehensive income (16) — (16) — — — Comprehensive income 4 30 (16) — — (10) Stock issued (repurchased) 19 — — 19 — — Dividends declared (83) (80) — — — (3) Balances, June 30, 2020 4,014 7,991 (2,731) (2,265) 112 907
Schedule of Other Comprehensive Income	The following table summarizes our other comprehensive income (loss) and related tax effects for the periods presented: Three Months Ended June 30, 2021 2020 Millions of dollars Pre-tax Tax Effect Net Pre-tax Tax Effect Net Currency translation adjustments (2) $ 219 $ 5 $ 224 $ (61) 7 $ (54) Cash flow hedges (18) 6 (12) 7 (3) 4 Pension and other postretirement benefits plans 23 (6) 17 46 (12) 34 Other comprehensive income (loss) 224 5 229 (8) (8) (16) Less: Other comprehensive income (loss) available to noncontrolling interests 1 — 1 — — — Other comprehensive income (loss) available to Whirlpool $ 223 $ 5 $ 228 $ (8) $ (8) $ (16) Six Months Ended June 30, 2021 2020 Millions of dollars Pre-tax Tax Effect Net Pre-tax Tax Effect Net Currency translation adjustments (2) $ 327 $ (1) $ 326 $ (233) $ (17) $ (250) Cash flow hedges 8 (6) 2 118 (26) 92 Pension and other postretirement benefits plans 33 (8) 25 62 (15) 47 Other comprehensive income (loss) 368 (15) 353 (53) (58) (111) Less: Other comprehensive income (loss) available to noncontrolling interests 1 — 1 2 — 2 Other comprehensive income (loss) available to Whirlpool $ 367 $ (15) $ 352 $ (55) $ (58) $ (113) (2) Currency translation adjustments includes net investment hedges.
Reclassifications Out of Accumulated Other Comprehensive Income	The following table provides the reclassification adjustments out of accumulated other comprehensive income (loss), by component, which was included in net earnings for the three and six months ended June 30, 2021: Three Months Ended Six Months Ended Millions of dollars (Gain) Loss Reclassified (Gain) Loss Reclassified Classification in Earnings Pension and postretirement benefits, pre-tax $ 15 $ 25 Interest and sundry (income) expense Currency translation related to divestitures $ (198) $ (198) (Gain) loss on sale and disposal of businesses Total $ (183) $ (173)
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Basic and diluted net earnings per share of common stock for the periods presented were calculated as follows: Three Months Ended June 30, Six Months Ended June 30, Millions of dollars and shares 2021 2020 2021 2020 Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool $ 581 $ 30 $ 1,014 $ 184 Denominator for basic earnings per share - weighted-average shares 62.9 62.4 63.0 62.6 Effect of dilutive securities - share-based compensation 0.6 0.3 0.5 0.4 Denominator for diluted earnings per share - adjusted weighted-average shares 63.5 62.7 63.5 63.0 Anti-dilutive stock options/awards excluded from earnings per share 0.1 2.3 0.1 2.1

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring Charges [Abstract]
Schedule of Restructuring Liability and Restructuring Activity	The following table summarizes the changes to our restructuring liability during the six months ended June 30, 2021: Millions of dollars December 31, 2020 Charges to Earnings Cash Paid Non-Cash and Other June 30, 2021 Employee termination costs $ 145 $ 25 $ (61) $ — $ 109 Asset impairment costs 8 1 — (1) 8 Facility exit costs — — — — — Other exit costs 20 2 (11) (3) 8 Total $ 173 $ 28 $ (72) $ (4) $ 125
Schedule of Restructuring Costs, By Operating Segment	The following table summarizes the restructuring charges by operating segment for the period presented: Six Months Ended Millions of dollars June 30, 2021 North America $ — EMEA 25 Latin America — Asia 2 Corporate / Other 1 Total $ 28

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	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 dollars 2021 2020 2021 2020 Earnings before income taxes $ 674 $ 37 $ 1,273 $ 258 Income tax expense computed at United States statutory tax rate 142 8 267 54 Valuation allowances (1) 5 2 6 Audit and Settlements 8 5 15 17 U.S. foreign income items, net of credits — (2) 7 1 Changes in enacted tax rates (14) — (14) — Divestiture tax impact (21) — (21) — Legal entity restructuring tax impact (46) — (46) — Other 26 1 43 11 Income tax expense (benefit) computed at effective worldwide tax rates $ 94 $ 17 $ 253 $ 89

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information	The tables below summarize performance by operating segment for the periods presented: Three Months Ended June 30, OPERATING SEGMENTS North EMEA Latin Asia (1) Other / Eliminations Total Net sales 2021 $ 3,042 $ 1,250 $ 763 $ 269 $ — $ 5,324 2020 2,501 836 434 271 — 4,042 Intersegment sales 2021 $ 76 $ 22 $ 313 $ 81 $ (492) $ — 2020 47 18 264 95 (424) — Depreciation and amortization 2021 $ 43 $ 44 $ 16 $ 5 $ 10 $ 118 2020 43 43 15 16 16 133 EBIT 2021 $ 557 $ 31 $ 74 $ 4 $ 53 $ 719 2020 310 (66) 11 (18) (151) 86 Total assets June 30, 2021 $ 7,857 $ 11,107 $ 4,471 $ 1,596 $ (4,950) $ 20,081 December 31, 2020 7,597 11,296 4,244 2,573 (5,274) 20,436 Capital expenditures 2021 $ 34 $ 30 $ 28 $ 9 $ 10 $ 111 2020 25 18 12 9 9 73 Six Months Ended June 30, OPERATING SEGMENTS North America EMEA Latin America Asia (1) Other / Eliminations Total Whirlpool Net sales 2021 $ 6,087 $ 2,420 $ 1,495 $ 680 $ — $ 10,682 2020 5,041 1,715 1,052 559 — 8,367 Intersegment sales 2021 $ 155 $ 46 $ 623 $ 192 $ (1,016) $ — 2020 120 38 550 158 (866) — Depreciation and amortization 2021 $ 89 $ 90 $ 31 $ 18 $ 31 $ 259 2020 90 81 31 33 33 268 EBIT 2021 $ 1,164 $ 52 $ 136 $ 26 $ (15) $ 1,363 2020 616 (81) 42 (34) (193) 350 Total assets June 30, 2021 $ 7,857 $ 11,107 $ 4,471 $ 1,596 $ (4,950) 20,081 December 31, 2020 7,597 11,296 4,244 2,573 (5,274) 20,436 Capital expenditures 2021 $ 65 $ 47 $ 43 $ 12 $ 17 $ 184 2020 53 32 26 23 21 155 (1) Decrease in Total assets of Asia region is mainly due to the deconsolidation of Whirlpool China. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. 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 millions 2021 2020 2021 2020 Items not allocated to segments: Restructuring costs $ (8) $ (118) $ (28) $ (123) Gain (loss) on sale and disposal of businesses 120 — 120 — Corporate expenses and other (59) (33) (107) (70) Total other/eliminations $ 53 $ (151) $ (15) $ (193) 120 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 millions 2021 2020 2021 2020 Operating profit $ 683 $ 71 $ 1,301 $ 334 Interest and sundry (income) expense (36) (15) (62) (16) Total EBIT $ 719 $ 86 $ 1,363 $ 350 Interest expense 45 49 90 92 Income tax expense 94 17 253 89 Net earnings (loss) $ 580 $ 20 $ 1,020 $ 169 Less: Net earnings available to noncontrolling interests (1) (10) 6 (15) Net earnings (loss) available to Whirlpool $ 581 $ 30 $ 1,014 $ 184

Divestitures (Tables)

Divestitures (Tables)	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Whirlpool China's Earnings (Loss) Available to Whirlpool	The following table presents the carrying amounts of the major classes of Whirlpool China’s assets and liabilities as of June 30, 2021 and December 31, 2020. Millions of dollars June 30, December 31, 2021 2020 Cash and cash equivalents $ — $ 324 Accounts receivable, net of allowance of $0 and $11, respectively — 85 Inventories — 98 Prepaid and other current assets — 93 Property, net of accumulated depreciation of $0 and $189, respectively — 309 Other noncurrent assets (1) — 283 Total assets $ — $ 1,192 Accounts payable $ — $ 216 Accrued expenses — 53 Other current liabilities — 254 Other noncurrent liabilities — 7 Total liabilities $ — $ 530 (1) Other non current assets include allocated goodwill of $80 million.

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Millions	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2018	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Residual value guarantees	$ 220		$ 220
Accounts payable outsourcing	$ 1,200		$ 1,200
Elica PB India | Whirlpool India
Schedule of Equity Method Investments [Line Items]
Equity interest percentage		49.00%
Payments to acquire equity interest		$ 22
Whirlpool China
Schedule of Equity Method Investments [Line Items]
Equity interest percentage	20.00%
Value of interest retained	$ 214
Whirlpool China
Schedule of Equity Method Investments [Line Items]
Purchases with related party	66
Outstanding amount due	$ 141

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 5,324	$ 4,042	$ 10,682	$ 8,367
Laundry
Disaggregation of Revenue [Line Items]
Net sales	1,380	1,071	2,949	2,401
Refrigeration
Disaggregation of Revenue [Line Items]
Net sales	1,627	1,305	3,254	2,667
Cooking
Disaggregation of Revenue [Line Items]
Net sales	1,502	909	2,749	1,852
Dishwashing
Disaggregation of Revenue [Line Items]
Net sales	409	439	924	810
Total major product category net sales
Disaggregation of Revenue [Line Items]
Net sales	4,918	3,725	9,876	7,731
Spare parts and warranties
Disaggregation of Revenue [Line Items]
Net sales	292	206	558	434
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 114	$ 111	$ 248	$ 201

Revenue Recognition - Allowance

Revenue Recognition - Allowance for Doubtful Accounts by Operating Segment (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Accounts receivable allowance
Balance at beginning of period	$ 132
Charged to Earnings	5
Write-offs	(19)
Foreign Currency	(4)
Other	(11)
Balance at end of period	103
Financing receivable allowance
Balance at beginning of period	48
Charged to Earnings	0
Write-offs	0
Foreign Currency	1
Other	(21)
Balance at end of period	28
Balance at beginning of period	180
Charged to Earnings	5
Write-offs	(19)
Foreign Currency	(3)
Other	(32)
Balance at end of period	131
North America
Accounts receivable allowance
Balance at beginning of period	7
Charged to Earnings	3
Write-offs	(3)
Foreign Currency	0
Other	0
Balance at end of period	7
EMEA
Accounts receivable allowance
Balance at beginning of period	67
Charged to Earnings	1
Write-offs	(14)
Foreign Currency	(3)
Other	0
Balance at end of period	51
Latin America
Accounts receivable allowance
Balance at beginning of period	44
Charged to Earnings	1
Write-offs	(2)
Foreign Currency	0
Other	0
Balance at end of period	43
Financing receivable allowance
Balance at beginning of period	27
Charged to Earnings	0
Write-offs	0
Foreign Currency	1
Other	0
Balance at end of period	28
Asia
Accounts receivable allowance
Balance at beginning of period	14
Charged to Earnings	0
Write-offs
Foreign Currency	(1)
Other	(11)
Balance at end of period	2
Financing receivable allowance
Balance at beginning of period	21
Charged to Earnings	0
Write-offs	0
Foreign Currency	0
Other	(21)
Balance at end of period	$ 0

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents as presented in our Consolidated Condensed Balance Sheets	$ 2,968	$ 2,924	$ 2,546	$ 1,952
Restricted cash included in prepaid and other current assets	0	10	0	0
Cash, cash equivalents and restricted cash as presented in our Consolidated Condensed Statements of Cash Flows	$ 2,968	$ 2,934	$ 2,546	$ 1,952

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Inventory, Net [Abstract]
Finished products	$ 1,915	$ 1,635
Raw materials and work in process	737	666
Total Inventories	$ 2,652	$ 2,301

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (6,615)	$ (6,780)
Property, plant and equipment, net	2,734	3,199
Disposed of fully depreciated buildings, machinery and equipment	9
Whirlpool China And Turkey Subsidiary | Disposed of by Sale
Property, Plant and Equipment [Line Items]
Transfer of property, plant and equipment	379
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	84	92
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,297	1,517
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,968	$ 8,370

Financing Arrangements - Narrat

Financing Arrangements - Narrative (Details)

Jun. 15, 2021USD ($)

May 07, 2020USD ($)

Mar. 13, 2020USD ($)

Feb. 21, 2020USD ($)

Sep. 27, 2017

Jun. 30, 2021USD ($)

Jun. 30, 2020USD ($)

Apr. 29, 2021USD ($)

Apr. 26, 2021USD ($)

Dec. 31, 2020USD ($)

Apr. 27, 2020USD ($)

Mar. 12, 2020USD ($)

Mar. 12, 2020EUR (€)

Feb. 21, 2020EUR (€)

Aug. 06, 2019USD ($)

Debt Instrument [Line Items]

Outstanding borrowings

$ 5,001,000,000

$ 5,059,000,000

Repayments of long-term debt

300,000,000

$ 568,000,000

Amounts borrowed under line of credit

300,000,000

1,029,000,000

Letter of Credit Subfacility Maturing 2022

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

213,000,000

206,000,000

2.400% notes maturing 2031 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 300,000,000

Debt instrument, interest rate, stated percentage

2.40%

4.850% notes maturing 2021 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

4.85%

Maturity and repayment of senior note

$ 300,000,000

4.850% notes maturing 2021 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 300,000,000

Debt instrument, interest rate, stated percentage

4.85%

4.60% notes maturing 2050 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 500,000,000

Debt instrument, interest rate, stated percentage

4.60%

Debt instrument, redemption price, percentage

101.00%

0.50% notes maturing 2028 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 540,000,000

€ 500,000,000

Debt instrument, interest rate, stated percentage

0.50%

0.50%

Debt instrument, redemption price, percentage

101.00%

0.625% notes maturing 2020 | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 566,000,000

€ 500,000,000

Debt instrument, interest rate, stated percentage

0.625%

0.625%

364-Day Credit Agreement | Line of Credit | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 500,000,000

Outstanding borrowings

$ 0

Repayments of long-term debt

$ 500,000,000

Third Amended and Restated Long-Term Credit Agreement | Line of Credit | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

2,200,000,000

$ 3,500,000,000

Line of credit facility, commitment fee percentage

0.10%

Ratio of indebtedness to net capital

0.65

Minimum coverage ration for debt covenant

3

Repayments of long-term debt

$ 500,000,000

Amounts borrowed under line of credit

0

Third Amended and Restated Long-Term Credit Agreement | Line of Credit | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.125%

Third Amended and Restated Long-Term Credit Agreement | Line of Credit | Prime Rate | Revolving Credit Facility

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.125%

Accounts Receivable

Debt Instrument [Line Items]

Proceeds from sale of receivables under arrangements

0

$ 475,000,000

Outstanding receivables transferred under arrangements

$ 0

$ 30,000,000

Financing Arrangements - Notes

Financing Arrangements - Notes Payable (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Notes payable	$ 10	$ 12
Short-term borrowings due to banks
Short-term Debt [Line Items]
Notes payable	$ 10	$ 12

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) € in Thousands, R$ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

24 Months Ended

Jun. 30, 2021USD ($)

Dec. 31, 2020USD ($)

Sep. 30, 2019USD ($)

Jun. 30, 2019USD ($)action

Mar. 31, 2019USD ($)

Jun. 30, 2021USD ($)

Dec. 31, 2020USD ($)

Dec. 31, 2020EUR (€)

Dec. 31, 2019USD ($)

Dec. 31, 2017BRL (R$)

Dec. 31, 2017USD ($)

Dec. 31, 2009USD ($)

Dec. 31, 2004USD ($)

Jun. 30, 2021BRL (R$)washing_machinelawsuit

Jun. 30, 2021USD ($)washing_machinelawsuit

Dec. 31, 2020BRL (R$)

Dec. 31, 2020USD ($)

Commitments and Contingencies [Line Items]

Outstanding BEFIEX tax assessment

R$ 2000

$ 398,000,000

Product warranty accrual

$ 3,000,000

$ 105,000,000

$ 3,000,000

Release to product warranty reserve

$ 30,000,000

Total warranty settlement

59,000,000

Brazil tax matters

Commitments and Contingencies [Line Items]

IPI tax credits recognized

$ 26,000,000

Special government program settlement

$ 34,000,000

Brazil tax assessment

258

52,000,000

BEFIEX tax credits monetized

$ 35,000,000

$ 84,000,000

BEFIEX tax credits, additional amount available to recognize

54,000,000

142,000,000

BEFIEX tax credits

$ 18,000,000

$ 58,000,000

Number of legal actions | action

2

CFC tax

Commitments and Contingencies [Line Items]

CFC potential exposure

R$ 303

61,000,000

Loss contingency accrual

$ 0

Non-income and income tax matters

Commitments and Contingencies [Line Items]

Loss contingency, proceeds from sell of rights

R$ 90

$ 27,000,000

Indesit Company S.p.A.

Commitments and Contingencies [Line Items]

Product warranty accrual

$ 0

$ 0

$ 0

$ 26,000,000

Alno AG Insolvency Trustee v Bauknecht | Insolvency trustee claim

Commitments and Contingencies [Line Items]

Litigation settlement, amount awarded to other party

$ 59,000,000

€ 52,750

Pending Litigation

Commitments and Contingencies [Line Items]

Number of lawsuits | lawsuit

2

2

Number of washing machines | washing_machine

2

2

Customer Lines of Credit for Brazilian Subsidiary

Commitments and Contingencies [Line Items]

Guarantor obligations, maximum exposure

R$ 755

$ 151,000,000

R$ 297

$ 57,000,000

Guarantee of Indebtedness of Others

Commitments and Contingencies [Line Items]

Guarantor obligations, maximum exposure

$ 3,600,000,000

$ 3,500,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Product Warranty Reserves (Details) - Product Warranty - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at January 1	$ 273	$ 383
Issuances/accruals during the period	185	108
Settlements made during the period/other	(149)	(203)
Balance at June 30	309	288
Current portion	210	187
Non-current portion	99	101
Total	$ 309	$ 288

Pension and Other Postretirem_3

Pension and Other Postretirement Benefit Plans - Summary of Components of Net Periodic Pension Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 1	$ 0	$ 3
Interest cost	2	3	3	6
Expected return on plan assets	0	0	0	0
Amortization:
Actuarial loss	0	0	0	0
Prior service credit	(12)	(2)	(23)	(4)
Settlement and curtailment (gain) loss	0	(4)	0	(4)
Net periodic benefit cost (credit)	(10)	(2)	(20)	1
United States Pension Benefits | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	1	1
Interest cost	19	24	38	49
Expected return on plan assets	(40)	(41)	(79)	(82)
Amortization:
Actuarial loss	18	16	35	31
Prior service credit	0	0	0	0
Settlement and curtailment (gain) loss	3	0	3	0
Net periodic benefit cost (credit)	0	(1)	(2)	(1)
Foreign Pension Benefits | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	1	3	3
Interest cost	3	5	7	9
Expected return on plan assets	(8)	(7)	(17)	(15)
Amortization:
Actuarial loss	5	3	10	6
Prior service credit	0	0	0	0
Settlement and curtailment (gain) loss	0	0	0	0
Net periodic benefit cost (credit)	$ 2	$ 2	$ 3	$ 3

Pension and Other Postretirem_4

Pension and Other Postretirement Benefit Plans - Net Periodic Costs Recognized in Operating Profit and Interest and Sundry (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ (10)	$ (2)	$ (20)	$ 1
Operating profit (loss) | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	0	1	0	3
Interest and sundry (income) expense | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	(10)	(3)	(20)	(2)
United States Pension Benefits | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	0	(1)	(2)	(1)
United States Pension Benefits | Operating profit (loss) | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	0	0	1	1
United States Pension Benefits | Interest and sundry (income) expense | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	0	(1)	(3)	(2)
Foreign Pension Benefits | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	2	2	3	3
Foreign Pension Benefits | Operating profit (loss) | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	2	1	3	3
Foreign Pension Benefits | Interest and sundry (income) expense | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 0	$ 1	$ 0	$ 0

Pension and Other Postretirem_5

Pension and Other Postretirement Benefit Plans - Narrative (Details)	1 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Defined contribution plan, employer matching contribution, percent of match	7.00%

Hedges and Derivative Financi_3

Hedges and Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Gain (loss) on derivative instruments included in AOCI	$ 29
Derivatives accounted for as hedges | Cross-currency swaps
Derivative [Line Items]
Notional Amount	1,275	$ 1,275
Derivatives accounted for as hedges | Interest rate derivatives
Derivative [Line Items]
Notional Amount	$ 300	$ 300

Hedges and Derivative Financi_4

Hedges and Derivative Financial Instruments - Schedule of Net Investment Hedging (Details) $ in Millions, $ in Millions	Jun. 30, 2021USD ($)	Jun. 30, 2021MXN ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020MXN ($)
Foreign exchange forwards/options | Net investment hedges - foreign currency
Derivative [Line Items]
Notional Amount	$ 362	$ 7,200	$ 362	$ 7,200

Hedges and Derivative Financi_5

Hedges and Derivative Financial Instruments - Schedule of Outstanding Derivative Contracts (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Hedge Assets	$ 180	$ 145
Hedge Liabilities	224	324
Derivative asset at fair value, current	124	103
Derivative asset at fair value, noncurrent	56	42
Total derivatives, hedge assets at fair value	180	145
Derivative liability at fair value, current	108	152
Derivative liability at fair value, noncurrent	116	172
Total derivatives, hedge liabilities at fair value	224	324
Derivatives accounted for as hedges
Derivatives, Fair Value [Line Items]
Hedge Assets	156	120
Hedge Liabilities	165	228
Derivatives accounted for as hedges | Commodity swaps/options
Derivatives, Fair Value [Line Items]
Notional Amount	260	215
Hedge Assets	57	39
Hedge Liabilities	$ 1	$ 4
Maximum term of commodity swaps/options (in months)	24 months	30 months
Derivatives accounted for as hedges | Foreign exchange forwards/options
Derivatives, Fair Value [Line Items]
Notional Amount	$ 3,025	$ 3,028
Hedge Assets	75	58
Hedge Liabilities	$ 108	$ 110
Maximum term of foreign exchange forwards/options (in months)	128 months	134 months
Derivatives accounted for as hedges | Cross-currency swaps
Derivatives, Fair Value [Line Items]
Notional Amount	$ 1,275	$ 1,275
Hedge Assets	24	23
Hedge Liabilities	$ 49	$ 86
Maximum term of cross-currency swaps (in months)	92 months	98 months
Derivatives accounted for as hedges | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Notional Amount	$ 300	$ 300
Hedge Assets	0	0
Hedge Liabilities	$ 7	$ 28
Maximum term of interest rate derivatives (in months)	47 months	53 months
Derivatives not accounted for as hedges
Derivatives, Fair Value [Line Items]
Hedge Assets	$ 24	$ 25
Hedge Liabilities	59	96
Derivatives not accounted for as hedges | Commodity swaps/options
Derivatives, Fair Value [Line Items]
Notional Amount	1	1
Hedge Assets	0	0
Hedge Liabilities	$ 0	$ 0
Maximum term of commodity swaps/options (in months)	0 months	0 months
Derivatives not accounted for as hedges | Foreign exchange forwards/options
Derivatives, Fair Value [Line Items]
Notional Amount	$ 3,375	$ 4,161
Hedge Assets	24	25
Hedge Liabilities	$ 59	$ 96
Maximum term of foreign exchange forwards/options (in months)	6 months	12 months

Hedges and Derivative Financi_6

Hedges and Derivative Financial Instruments - Schedule of Effects of Derivative Instruments on Consolidated Condensed Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Hedges, gain (loss) recognized in OCI	$ (37)	$ (20)	$ 122	$ 146
Cash flow hedges, gain (loss) reclassified from OCI into earnings	(9)	(13)	117	(25)
Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Foreign exchange forwards/options	(47)	(25)	32	17
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Tax impact of cash flow hedges	6	(4)	(6)	(27)
Cash Flow Hedges | Commodity swaps/options
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) recognized in OCI	28	24	54	(31)
Cash Flow Hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) recognized in OCI	(41)	(10)	7	95
Cash Flow Hedges | Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) recognized in OCI	12	(25)	44	95
Cash Flow Hedges | Interest rate derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) recognized in OCI	(26)	5	20	(66)
Net investment hedges - foreign currency
Derivative Instruments, Gain (Loss) [Line Items]
Tax impact of net investment hedges	5	7	(1)	(17)
Net investment hedges - foreign currency | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net investment hedges - foreign currency	(10)	(14)	(3)	53
Cost of products sold | Cash Flow Hedges | Commodity swaps/options
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) reclassified from OCI into earnings	18	(10)	29	(17)
Cost of products sold | Cash Flow Hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) reclassified from OCI into earnings	(3)	9	6	9
Net sales | Cash Flow Hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) reclassified from OCI into earnings	(1)	3	2	3
Interest and sundry (income) expense | Cash Flow Hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) reclassified from OCI into earnings	(15)	1	29	(31)
Interest and sundry (income) expense | Cash Flow Hedges | Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, gain (loss) reclassified from OCI into earnings	$ (8)	$ (16)	$ 51	$ 11

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	May 06, 2021	Dec. 31, 2020
Whirlpool China
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity interest percentage	20.00%
Value of interest retained	$ 214
Whirlpool China
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity interest percentage		20.00%
Disposed of by Sale | Turkey Subsidiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss (gain) on write-down of assets	40
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	5,920		$ 6,130
Level 2 | Disposed of by Sale | Turkey Subsidiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of divestment	$ 111

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 1,963	$ 2,164
Net derivative contracts	(44)	(179)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,755	1,603
Net derivative contracts	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	208	561
Net derivative contracts	(44)	(179)
Total Cost Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,963	2,164
Net derivative contracts	$ 0	$ 0

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders' Equity (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 5,139	$ 4,795	$ 4,074	$ 4,210	$ 4,795	$ 4,210
Comprehensive income
Net earnings	580	440	20	149	1,020	169
Other comprehensive income	229	124	(16)	(95)	353	(111)
Comprehensive income	809	564	4	54	1,373	58
Stock issued (repurchased)		(141)		(115)
Stock issued (repurchased)	8		19
Dividends declared	(88)	(79)	(83)	(75)
Divestitures	(783)
Ending balance	5,085	5,139	4,014	4,074	5,085	4,014
Disposed of by Sale | Whirlpool China
Comprehensive income
Disposal group, noncontrolling interest	783				783
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	9,079	8,725	8,041	7,962	8,725	7,962
Comprehensive income
Net earnings	581	433	30	154
Comprehensive income	581	433	30	154
Dividends declared	(88)	(79)	(80)	(75)
Ending balance	9,572	9,079	7,991	8,041	9,572	7,991
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2,687)	(2,811)	(2,715)	(2,618)	(2,811)	(2,618)
Comprehensive income
Other comprehensive income	228	124	(16)	(97)	352	(113)
Comprehensive income	228	124	(16)	(97)
Ending balance	(2,459)	(2,687)	(2,731)	(2,715)	(2,459)	(2,731)
Treasury Stock / Additional Paid-In-Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2,283)	(2,142)	(2,284)	(2,169)	(2,142)	(2,169)
Comprehensive income
Stock issued (repurchased)		(141)		(115)
Stock issued (repurchased)	7		19
Ending balance	(2,276)	(2,283)	(2,265)	(2,284)	(2,276)	(2,265)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	113	113	112	112	113	112
Comprehensive income
Stock issued (repurchased)	1
Ending balance	114	113	112	112	114	112
Non-Controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	917	910	920	923	910	923
Comprehensive income
Net earnings	(1)	7	(10)	(5)
Other comprehensive income	1		0	2	1	2
Comprehensive income	0	7	(10)	(3)
Dividends declared			(3)
Divestitures	(783)
Ending balance	134	$ 917	$ 907	$ 920	134	$ 907
Non-Controlling Interest | Disposed of by Sale | Whirlpool China
Comprehensive income
Disposal group, noncontrolling interest	$ 783				$ 783

Stockholders' Equity - Other Co

Stockholders' Equity - Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax	$ 224		$ (8)		$ 368	$ (53)
Tax Effect	5		(8)		(15)	(58)
Net	229	$ 124	(16)	$ (95)	353	(111)
Currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax	219		(61)		327	(233)
Tax Effect	5		7		(1)	(17)
Net	224		(54)		326	(250)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax	(18)		7		8	118
Tax Effect	6		(3)		(6)	(26)
Net	(12)		4		2	92
Pension and other postretirement benefits plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax	23		46		33	62
Tax Effect	(6)		(12)		(8)	(15)
Net	17		34		25	47
Less: Other comprehensive income (loss) available to noncontrolling interests
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax	1		0		1	2
Tax Effect	0		0		0	0
Net	1		0	2	1	2
Other comprehensive income (loss) available to Whirlpool
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax	223		(8)		367	(55)
Tax Effect	5		(8)		(15)	(58)
Net	$ 228	$ 124	$ (16)	$ (97)	$ 352	$ (113)

Stockholders' Equity - Reclassi

Stockholders' Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]
Interest and sundry (income) expense	$ 36	$ 15	$ 62	$ 16
(Gain) loss on sale and disposal of businesses	120	0	120	0
Total reclassification adjustments	581	$ 30	1,014	$ 184
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification adjustments	(183)		(173)
Reclassification out of Accumulated Other Comprehensive Income | Pension and postretirement benefits, pre-tax
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]
Interest and sundry (income) expense	15		25
Reclassification out of Accumulated Other Comprehensive Income | Currency translation related to divestitures
Reclassifications out of Accumulated Other Comprehensive Income [Line Items]
(Gain) loss on sale and disposal of businesses	$ (198)		$ (198)

Stockholders' Equity - Net Earn

Stockholders' Equity - Net Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Numerator for basic and diluted earnings per share - Net earnings (loss) available to Whirlpool	$ 581	$ 30	$ 1,014	$ 184
Denominator for basic earnings per share – weighted-average shares (in shares)	62.9	62.4	63	62.6
Effect of dilutive securities – share-based compensation (in shares)	0.6	0.3	0.5	0.4
Denominator for diluted earnings per share – adjusted weighted-average shares (in shares)	63.5	62.7	63.5	63
Anti-dilutive stock options/awards excluded from earnings per share (in shares)	0.1	2.3	0.1	2.1

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2021	Apr. 19, 2021	Jul. 25, 2017
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period, value	$ 141,000,000	$ 115,000,000
Common Stock | Share Repurchase Program 2017
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount					$ 2,000,000,000
Stock repurchased during period (in shares)			981,676
Stock repurchased during period, value			$ 200,000,000
Stock repurchase program, remaining authorized repurchase amount			$ 2,300,000,000
Common Stock | Share Repurchase Program 2021
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount				$ 2,000,000,000

Restructuring Charges - Restruc

Restructuring Charges - Restructuring Actions (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 26, 2020
Workforce Reduction Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, total costs to date	$ 90
Restructuring and related cost, expected cost	148
Restructuring and related cost, incurred cost	75
Naples, Italy Manufacturing Plant
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost remaining	63
Restructuring and related cost, incurred cost	141
Employee-related Costs | Naples, Italy Manufacturing Plant
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	73
Other exit costs | Naples, Italy Manufacturing Plant
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	25
Asset Impairment Charges | Naples, Italy Manufacturing Plant
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	$ 43
Employee termination costs | Workforce Reduction Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, total costs to date		$ 102
Restructuring and related cost, expected cost remaining		$ 17

Restructuring Charges - Change

Restructuring Charges - Change in Restructuring Liability (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Reserve [Roll Forward]
Restructuring reserve, balance at beginning of period			$ 173
Charges to Earnings	$ 8	$ 118	28	$ 123
Cash Paid			(72)
Non-Cash and Other			(4)
Restructuring reserve, balance at end of period	125		125
Employee termination costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, balance at beginning of period			145
Charges to Earnings			25
Cash Paid			(61)
Non-Cash and Other			0
Restructuring reserve, balance at end of period	109		109
Asset impairment costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, balance at beginning of period			8
Charges to Earnings			1
Cash Paid			0
Non-Cash and Other			(1)
Restructuring reserve, balance at end of period	8		8
Facility exit costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, balance at beginning of period			0
Charges to Earnings			0
Cash Paid			0
Non-Cash and Other			0
Restructuring reserve, balance at end of period	0		0
Other exit costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, balance at beginning of period			20
Charges to Earnings			2
Cash Paid			(11)
Non-Cash and Other			(3)
Restructuring reserve, balance at end of period	$ 8		$ 8

Restructuring Charges - By Segm

Restructuring Charges - By Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 8	$ 118	$ 28	$ 123
Operating Segments | North America
Restructuring Cost and Reserve [Line Items]
Restructuring costs			0
Operating Segments | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring costs			25
Operating Segments | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring costs			0
Operating Segments | Asia
Restructuring Cost and Reserve [Line Items]
Restructuring costs			2
Corporate / Other
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 1

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax expense (benefit)	$ 94	$ 17	$ 253	$ 89
(Gain) loss on sale and disposal of businesses	120	0	120	0
Divestiture tax impact	21	0	21	0
Legal entity restructuring tax impact	46	$ 0	46	$ 0
Disposed of by Sale | Turkey Subsidiary
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale and disposal of businesses	120		$ (164)
Divestiture tax impact	21
Legal entity restructuring tax impact	$ 46

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Earnings before income taxes	$ 674	$ 37	$ 1,273	$ 258
Income tax expense computed at United States statutory tax rate	142	8	267	54
Valuation allowances	(1)	5	2	6
Audit and Settlements	8	5	15	17
U.S. foreign income items, net of credits	0	(2)	7	1
Changes in enacted tax rates	(14)	0	(14)	0
Divestiture tax impact	(21)	0	(21)	0
Legal entity restructuring tax impact	(46)	0	(46)	0
Other	26	1	43	11
Income tax expense (benefit) computed at effective worldwide tax rates	$ 94	$ 17	$ 253	$ 89

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 5,324		$ 4,042		$ 10,682	$ 8,367
Depreciation and amortization	118		133		259	268
EBIT	719		86		1,363	350
Total assets	20,081				20,081		$ 20,436
Capital expenditures	111		73		184	155
Restructuring costs	(8)		(118)		(28)	(123)
Gain (loss) on sale and disposal of businesses	120		0		120	0
Total other/eliminations	719		86		1,363	350
Operating profit	683		71		1,301	334
Interest and sundry (income) expense	(36)		(15)		(62)	(16)
Interest expense	45		49		90	92
Income tax expense (benefit)	94		17		253	89
Net earnings	580	$ 440	20	$ 149	1,020	169
Less: Net earnings (loss) available to noncontrolling interests	(1)		(10)		6	(15)
Net earnings available to Whirlpool	581		30		1,014	184
North America
Segment Reporting Information [Line Items]
Net sales	3,042		2,501		6,087	5,041
EMEA
Segment Reporting Information [Line Items]
Net sales	1,250		836		2,420	1,715
Latin America
Segment Reporting Information [Line Items]
Net sales	763		434		1,495	1,052
Asia
Segment Reporting Information [Line Items]
Net sales	269		271		680	559
Intersegment sales
Segment Reporting Information [Line Items]
Net sales	(492)		(424)		(1,016)	(866)
Intersegment sales | North America
Segment Reporting Information [Line Items]
Net sales	(76)		(47)		(155)	(120)
Intersegment sales | EMEA
Segment Reporting Information [Line Items]
Net sales	(22)		(18)		(46)	(38)
Intersegment sales | Latin America
Segment Reporting Information [Line Items]
Net sales	(313)		(264)		(623)	(550)
Intersegment sales | Asia
Segment Reporting Information [Line Items]
Net sales	(81)		(95)		(192)	(158)
Operating Segments | North America
Segment Reporting Information [Line Items]
Depreciation and amortization	43		43		89	90
EBIT	557		310		1,164	616
Total assets	7,857				7,857		7,597
Capital expenditures	34		25		65	53
Restructuring costs					0
Total other/eliminations	557		310		1,164	616
Operating Segments | EMEA
Segment Reporting Information [Line Items]
Depreciation and amortization	44		43		90	81
EBIT	31		(66)		52	(81)
Total assets	11,107				11,107		11,296
Capital expenditures	30		18		47	32
Restructuring costs					(25)
Total other/eliminations	31		(66)		52	(81)
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Depreciation and amortization	16		15		31	31
EBIT	74		11		136	42
Total assets	4,471				4,471		4,244
Capital expenditures	28		12		43	26
Restructuring costs					0
Total other/eliminations	74		11		136	42
Operating Segments | Asia
Segment Reporting Information [Line Items]
Depreciation and amortization	5		16		18	33
EBIT	4		(18)		26	(34)
Total assets	1,596				1,596		2,573
Capital expenditures	9		9		12	23
Restructuring costs					(2)
Total other/eliminations	4		(18)		26	(34)
Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	0		0		0	0
Depreciation and amortization	10		16		31	33
EBIT	53		(151)		(15)	(193)
Total assets	(4,950)				(4,950)		$ (5,274)
Capital expenditures	10		9		17	21
Restructuring costs	(8)		(118)		(28)	(123)
Gain (loss) on sale and disposal of businesses	(120)		0		(120)	0
Corporate expenses and other	(59)		(33)		(107)	(70)
Total other/eliminations	$ 53		$ (151)		$ (15)	$ (193)

Divestitures - Whirlpool China

Divestitures - Whirlpool China Divestiture (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Millions, $ in Millions	Aug. 25, 2020¥ / shares	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	May 06, 2021USD ($)	May 06, 2021CNY (¥)	Dec. 31, 2020USD ($)	Aug. 25, 2020$ / shares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale and disposal of businesses		$ 120	$ 0	$ 120	$ 0
Goodwill		$ 2,400		$ 2,400				$ 2,496
Whirlpool China
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity interest percentage		20.00%		20.00%
Value of interest retained		$ 214		$ 214
Whirlpool China
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity interest percentage						20.00%	20.00%
Disposed of by Sale | Whirlpool China
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration						$ 193	¥ 1,250
(Gain) loss on sale and disposal of businesses		284		284
Foreign currency translation adjustments		74		74
Goodwill		80		80
Consideration received for shares				193
Carrying value of equity interest		$ 783		$ 783
Galanz | Whirlpool China
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Tender offer price (in price per share) | (per share)	¥ 5.23								$ 0.76
Trading days prior to tender offer announcement	30 days
Minimum | Galanz | Whirlpool China
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Tender offer expected ownership percentage	51.00%								51.00%
Maximum | Galanz | Whirlpool China
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Tender offer expected ownership percentage	61.00%								61.00%

Divestitures - Schedule of Whir

Divestitures - Schedule of Whirlpool China's Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for doubtful accounts	$ (103)	$ (132)
Accumulated depreciation	6,615	6,780
Goodwill	2,400	2,496
Whirlpool China | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0	324
Accounts receivable, net of allowance of $0 and $11, respectively	0	85
Allowance for doubtful accounts		(11)
Inventories	0	98
Prepaid and other current assets	0	93
Property, net of accumulated depreciation of $0 and $189, respectively	0	309
Accumulated depreciation	0	189
Other noncurrent assets	0	283
Total assets	0	1,192
Accounts payable	0	216
Accrued expenses	0	53
Other current liabilities	0	254
Other noncurrent liabilities	0	7
Total liabilities	0	$ 530
Goodwill	$ 80

Divestitures - Turkey Subsidiar

Divestitures - Turkey Subsidiary Divestment (Details) € in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	May 17, 2021USD ($)	May 17, 2021EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale and disposal of businesses	$ 120	$ 0	$ 120	$ 0
Disposed of by Sale | Turkey Subsidiary
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration					$ 93	€ 78
(Gain) loss on sale and disposal of businesses	$ 120		(164)
Loss (gain) on write-down of assets			40
Gain (loss) of cumulative foreign currency translation adjustments			$ (124)