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8-K - 8-K - WHIRLPOOL CORP /DE/whr12320188-k.htm
EX-99.3 - EXHIBIT 99.3 - WHIRLPOOL CORP /DE/a993netearningstoebitrecon.htm
EX-99.1 - EXHIBIT 99.1 - WHIRLPOOL CORP /DE/a991recasthistoricalsegmen.htm
HISTORICAL ONGOING EBIT RECONCILIATION
(UNAUDITED)

Total Whirlpool
 
2017
 
2016
 
2015
Amounts in millions
 
Q1
Q2
Q3
 
Q1
Q2
Q3
Q4
Full Year
 
Q1
Q2
Q3
Q4
Full Year
Earnings Before Interest and Taxes
 
$239
$251
$310
 
$253
$327
$344
$351
$1,275
 
$250
$315
$308
$323
$1,196
Benefit Plan Curtailment Gain
 
 
 
(47)
(16)
(62)
Restructuring Expense
 
46
59
45
 
47
40
29
57
173
 
33
58
54
56
201
Out-of-period adjustment
 
40
 
 
Combined Acquisition Related Transition Costs & Inventory Purchase Price Allocation
 
 
5
33
14
34
86
 
21
22
9
12
64
Pension Settlement Charge
 
 
 
12
3
15
Gain/Expenses Related to a Business Investment
 
 
 
(65)
1
18
(46)
Legacy Product Warranty and Liability Expenses
 
 
4
1
1
(29)
(23)
 
42
42
Antitrust and Dispute Resolutions
 
 
 
10
3
22
35
Ongoing Earnings Before Interest and Taxes
 
$285
$350
$355
 
$309
$401
$388
$413
$1,511
 
$279
$336
$398
$431
$1,445

North America
 
2017
 
2016
 
2015
Amounts in millions
 
Q1
Q2
Q3
 
Q1
Q2
Q3
Q4
Full Year
 
Q1
Q2
Q3
Q4
Full Year
Earnings Before Interest and Taxes
 
$275
$336
$336
 
$236
$318
$331
$339
$1,224
 
$261
$265
$336
$307
$1,169
Benefit Plan Curtailment Gain
 
 
 
(47)
(16)
(62)
Legacy Product Warranty and Liability Expenses
 
 
3
3
 
3
3
Antitrust and Dispute Resolutions
 
 
 
21
21
Gain/Expenses Related to a Business Investment
 
 
 
16
16
Pension Settlement Charge
 
 
 
3
3
Ongoing Earnings Before Interest and Taxes
 
$275
$336
$336
 
$239
$318
$331
$339
$1,227
 
$214
$268
$323
$344
$1,150

Latin America
 
2017
 
2016
 
2015
Amounts in millions
 
Q1
Q2
Q3
 
Q1
Q2
Q3
Q4
Full Year
 
Q1
Q2
Q3
Q4
Full Year
Earnings Before Interest and Taxes
 
$66
$57
$55
 
$40
$50
$43
$59
$192
 
$48
$106
$35
$40
$229
Antitrust and Dispute Resolutions
 
 
 
10
3
1
14
Gain/Expenses Related to a Business Investment
 
 
 
(65)
1
1
(63)
Ongoing Earnings Before Interest and Taxes
 
$66
$57
$55
 
$40
$50
$43
$59
$192
 
$58
$44
$36
$42
$180




HISTORICAL ONGOING EBIT RECONCILIATION
(UNAUDITED)

Europe, Middle East and Africa
 
2017
 
2016
 
2015
Amounts in millions
 
Q1
Q2
Q3
 
Q1
Q2
Q3
Q4
Full Year
 
Q1
Q2
Q3
Q4
Full Year
Earnings Before Interest and Taxes
 
$(23)
$(2)
$(2)
 
$46
$36
$30
$38
$150
 
$(5)
$48
$20
$78
$141
Legacy Product Warranty and Liability Expenses
 
 
1
1
1
(29)
(26)
 
39
39
Combined Acquisition Related Transition Cost & Inventory Purchase Price Allocation
 
 
2
15
8
29
54
 
6
5
11
Pension Settlement Charge
 
 
 
12
12
Ongoing Earnings Before Interest and Taxes
 
$(23)
$(2)
$(2)
 
$49
$52
$39
$38
$178
 
$13
$53
$59
$78
$203

Asia
 
2017
 
2016
 
2015
Amounts in millions
 
Q1
Q2
Q3
 
Q1
Q2
Q3
Q4
Full Year
 
Q1
Q2
Q3
Q4
Full Year
Earnings Before Interest and Taxes
 
$24
$(30)
$9
 
$24
$19
$19
$31
$93
 
$26
$30
$28
$12
$96
Out-of-period adjustment
 
40
 
 
Combined Acquisition Related Transition Cost & Inventory Purchase Price Allocation
 
 
2
16
2
1
21
 
6
5
3
6
20
Ongoing Earnings Before Interest and Taxes
 
$24
$10
$9
 
$26
$35
$21
$32
$114
 
$32
$35
$31
$18
$116

Other/Elimination
 
2017
 
2016
 
2015
Amounts in millions
 
Q1
Q2
Q3
 
Q1
Q2
Q3
Q4
Full Year
 
Q1
Q2
Q3
Q4
Full Year
Earnings Before Interest and Taxes
 
$(103)
$(110)
$(88)
 
$(93)
$(96)
$(79)
$(116)
$(384)
 
$(80)
$(134)
$(111)
$(114)
$(439)
Restructuring Expense
 
46
59
45
 
47
40
29
57
173
 
33
58
54
56
201
Combined Acquisition Related Transition Cost & Inventory Purchase Price Allocation
 
 
1
2
4
4
11
 
9
12
6
6
33
Ongoing Earnings Before Interest and Taxes
 
$(57)
$(51)
$(43)
 
$(45)
$(54)
$(46)
$(55)
$(200)
 
$(38)
$(64)
$(51)
$(52)
$(205)