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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 December 31, 2024 and December 31, 2023, the guaranteed amounts totaled 981 million Brazilian reais (approximately $ 159 million at December 31, 2024) and 1,321 million Brazilian reais (approximately $ 273 million at December 31, 2023), respectively. The fair value of these guarantees were nominal at December 31, 2024 and December 31, 2023. 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. | text | 159 | monetaryItemType | text: <entity> 159 </entity> <entity type> monetaryItemType </entity type> <context> 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 December 31, 2024 and December 31, 2023, the guaranteed amounts totaled 981 million Brazilian reais (approximately $ 159 million at December 31, 2024) and 1,321 million Brazilian reais (approximately $ 273 million at December 31, 2023), respectively. The fair value of these guarantees were nominal at December 31, 2024 and December 31, 2023. 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. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
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 December 31, 2024 and December 31, 2023, the guaranteed amounts totaled 981 million Brazilian reais (approximately $ 159 million at December 31, 2024) and 1,321 million Brazilian reais (approximately $ 273 million at December 31, 2023), respectively. The fair value of these guarantees were nominal at December 31, 2024 and December 31, 2023. 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. | text | 1321 | monetaryItemType | text: <entity> 1321 </entity> <entity type> monetaryItemType </entity type> <context> 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 December 31, 2024 and December 31, 2023, the guaranteed amounts totaled 981 million Brazilian reais (approximately $ 159 million at December 31, 2024) and 1,321 million Brazilian reais (approximately $ 273 million at December 31, 2023), respectively. The fair value of these guarantees were nominal at December 31, 2024 and December 31, 2023. 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. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
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 December 31, 2024 and December 31, 2023, the guaranteed amounts totaled 981 million Brazilian reais (approximately $ 159 million at December 31, 2024) and 1,321 million Brazilian reais (approximately $ 273 million at December 31, 2023), respectively. The fair value of these guarantees were nominal at December 31, 2024 and December 31, 2023. 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. | text | 273 | monetaryItemType | text: <entity> 273 </entity> <entity type> monetaryItemType </entity type> <context> 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 December 31, 2024 and December 31, 2023, the guaranteed amounts totaled 981 million Brazilian reais (approximately $ 159 million at December 31, 2024) and 1,321 million Brazilian reais (approximately $ 273 million at December 31, 2023), respectively. The fair value of these guarantees were nominal at December 31, 2024 and December 31, 2023. 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. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> 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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> 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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> 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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. </context> | us-gaap:GuaranteeObligationsCurrentCarryingValue |
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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> 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 $ 1.9 billion at December 31, 2024 and $ 3.0 billion at December 31, 2023. Our total short-term outstanding bank indebtedness under guarantees (excluding those related to the European major domestic appliance business) was $ 12 million at December 31, 2024, and was $ 17 million at December 31, 2023. </context> | us-gaap:GuaranteeObligationsCurrentCarryingValue |
A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. | text | 7 | percentItemType | text: <entity> 7 </entity> <entity type> percentItemType </entity type> <context> A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. | text | 80 | monetaryItemType | text: <entity> 80 </entity> <entity type> monetaryItemType </entity type> <context> A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. | text | 87 | monetaryItemType | text: <entity> 87 </entity> <entity type> monetaryItemType </entity type> <context> A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. | text | 90 | monetaryItemType | text: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> A defined contribution plan is provided to all United States employees and is not classified within the net periodic benefit cost. The Company provides annual match and automatic company contributions, in cash or Company stock, of up to 7 % of employees' eligible pay. Our contributions during 2024, 2023 and 2022 were $ 80 million (the majority funded with Company stock), $ 87 million and $ 90 million, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Change in gain (loss) recognized in OCI (effective portion) is primarily driven by increases in commodity prices and fluctuations in currency and interest rates. The tax impact of the cash flow hedges was $( 26 ) million and $ 17 million in 2024 and 2023, respectively. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Change in gain (loss) recognized in OCI (effective portion) is primarily driven by increases in commodity prices and fluctuations in currency and interest rates. The tax impact of the cash flow hedges was $( 26 ) million and $ 17 million in 2024 and 2023, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax |
Change in gain (loss) recognized in OCI (effective portion) is primarily driven by increases in commodity prices and fluctuations in currency and interest rates. The tax impact of the cash flow hedges was $( 26 ) million and $ 17 million in 2024 and 2023, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Change in gain (loss) recognized in OCI (effective portion) is primarily driven by increases in commodity prices and fluctuations in currency and interest rates. The tax impact of the cash flow hedges was $( 26 ) million and $ 17 million in 2024 and 2023, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax |
For cash flow hedges, the amount of ineffectiveness recognized in interest and sundry (income) expense was nominal during 2024 and 2023. There were no hedges designated as fair value in 2024 and 2023. The net amount of unrealized gain or loss on derivative instruments included in accumulated other comprehensive income (loss) related to contracts maturing and expected to be realized during the next twelve months is a gain of approximately $ 46 million at December 31, 2024. | text | 46 | monetaryItemType | text: <entity> 46 </entity> <entity type> monetaryItemType </entity type> <context> For cash flow hedges, the amount of ineffectiveness recognized in interest and sundry (income) expense was nominal during 2024 and 2023. There were no hedges designated as fair value in 2024 and 2023. The net amount of unrealized gain or loss on derivative instruments included in accumulated other comprehensive income (loss) related to contracts maturing and expected to be realized during the next twelve months is a gain of approximately $ 46 million at December 31, 2024. </context> | us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths |
trademark exceeded its fair value (Level 3 input) by $ 381 million. A discount rate of 12.5 % and a royalty rate of 4.0 % were utilized in that assessment. The brand has been unfavorably impacted as Whirlpool has refocused its brand strategy to the laundry category. | text | 381 | monetaryItemType | text: <entity> 381 </entity> <entity type> monetaryItemType </entity type> <context> trademark exceeded its fair value (Level 3 input) by $ 381 million. A discount rate of 12.5 % and a royalty rate of 4.0 % were utilized in that assessment. The brand has been unfavorably impacted as Whirlpool has refocused its brand strategy to the laundry category. </context> | us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill |
* trademarks exceeded their fair value (Level 3 input), resulting in an impairment charge of $ 106 million during the second quarter of 2022. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> * trademarks exceeded their fair value (Level 3 input), resulting in an impairment charge of $ 106 million during the second quarter of 2022. </context> | us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill |
with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. | text | 201 | monetaryItemType | text: <entity> 201 </entity> <entity type> monetaryItemType </entity type> <context> with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. </context> | us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure |
with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. | text | 137 | monetaryItemType | text: <entity> 137 </entity> <entity type> monetaryItemType </entity type> <context> with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. </context> | us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure |
with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. | text | 131 | monetaryItemType | text: <entity> 131 </entity> <entity type> monetaryItemType </entity type> <context> with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. </context> | us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure |
with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. | text | 101 | monetaryItemType | text: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. </context> | us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure |
with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. | text | 70 | monetaryItemType | text: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. </context> | us-gaap:GoodwillAndIntangibleAssetImpairment |
with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> with carrying amounts of approximately $ 201 million and $ 137 million were written down to fair values (Level 3 input) of $ 131 million and $ 101 million, resulting in impairment charges of $ 70 million and $ 36 million, respectively. </context> | us-gaap:GoodwillAndIntangibleAssetImpairment |
On January 16, 2023, the Company entered into a contribution agreement with Arçelik A.Ş (“Arcelik”). Under the terms of the agreement, Whirlpool agreed to contribute its European major domestic appliance business, and Arcelik agreed to contribute its European major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into the newly formed entity of which Whirlpool owns 25 % and Arcelik 75 %. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> On January 16, 2023, the Company entered into a contribution agreement with Arçelik A.Ş (“Arcelik”). Under the terms of the agreement, Whirlpool agreed to contribute its European major domestic appliance business, and Arcelik agreed to contribute its European major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into the newly formed entity of which Whirlpool owns 25 % and Arcelik 75 %. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On January 16, 2023, the Company entered into a contribution agreement with Arçelik A.Ş (“Arcelik”). Under the terms of the agreement, Whirlpool agreed to contribute its European major domestic appliance business, and Arcelik agreed to contribute its European major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into the newly formed entity of which Whirlpool owns 25 % and Arcelik 75 %. | text | 75 | percentItemType | text: <entity> 75 </entity> <entity type> percentItemType </entity type> <context> On January 16, 2023, the Company entered into a contribution agreement with Arçelik A.Ş (“Arcelik”). Under the terms of the agreement, Whirlpool agreed to contribute its European major domestic appliance business, and Arcelik agreed to contribute its European major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into the newly formed entity of which Whirlpool owns 25 % and Arcelik 75 %. </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
On December 20, 2022, the Company's board authorized the transaction with Arcelik and the European major domestic appliance business was classified as held for sale during the fourth quarter of 2022. The disposal group was measured at fair value less cost to sell. We used a discounted cash flow analysis and multiple market data points in our analysis to determine fair value (Level 3 input) of the 25 % interest retained, resulting in an estimated fair value of $ 139 million. The discounted cash flow analysis utilized a discount rate of 16.5 % at December 31, 2022. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> On December 20, 2022, the Company's board authorized the transaction with Arcelik and the European major domestic appliance business was classified as held for sale during the fourth quarter of 2022. The disposal group was measured at fair value less cost to sell. We used a discounted cash flow analysis and multiple market data points in our analysis to determine fair value (Level 3 input) of the 25 % interest retained, resulting in an estimated fair value of $ 139 million. The discounted cash flow analysis utilized a discount rate of 16.5 % at December 31, 2022. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On December 20, 2022, the Company's board authorized the transaction with Arcelik and the European major domestic appliance business was classified as held for sale during the fourth quarter of 2022. The disposal group was measured at fair value less cost to sell. We used a discounted cash flow analysis and multiple market data points in our analysis to determine fair value (Level 3 input) of the 25 % interest retained, resulting in an estimated fair value of $ 139 million. The discounted cash flow analysis utilized a discount rate of 16.5 % at December 31, 2022. | text | 139 | monetaryItemType | text: <entity> 139 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, the Company's board authorized the transaction with Arcelik and the European major domestic appliance business was classified as held for sale during the fourth quarter of 2022. The disposal group was measured at fair value less cost to sell. We used a discounted cash flow analysis and multiple market data points in our analysis to determine fair value (Level 3 input) of the 25 % interest retained, resulting in an estimated fair value of $ 139 million. The discounted cash flow analysis utilized a discount rate of 16.5 % at December 31, 2022. </context> | us-gaap:EquityMethodInvestments |
During the first quarter of 2024, the fair value of the disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates. This updated assessment resulted in an estimated fair value of $ 227 million as of March 31, 2024, which consists of $ 186 million related to fair value of retained interest in Beko Europe B.V. ("Beko") and $ 41 million of proceeds from the sale of our Middle East and North Africa ("MENA") business. | text | 227 | monetaryItemType | text: <entity> 227 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2024, the fair value of the disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates. This updated assessment resulted in an estimated fair value of $ 227 million as of March 31, 2024, which consists of $ 186 million related to fair value of retained interest in Beko Europe B.V. ("Beko") and $ 41 million of proceeds from the sale of our Middle East and North Africa ("MENA") business. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
During the first quarter of 2024, the fair value of the disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates. This updated assessment resulted in an estimated fair value of $ 227 million as of March 31, 2024, which consists of $ 186 million related to fair value of retained interest in Beko Europe B.V. ("Beko") and $ 41 million of proceeds from the sale of our Middle East and North Africa ("MENA") business. | text | 186 | monetaryItemType | text: <entity> 186 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2024, the fair value of the disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates. This updated assessment resulted in an estimated fair value of $ 227 million as of March 31, 2024, which consists of $ 186 million related to fair value of retained interest in Beko Europe B.V. ("Beko") and $ 41 million of proceeds from the sale of our Middle East and North Africa ("MENA") business. </context> | us-gaap:EquityMethodInvestmentsFairValueDisclosure |
During the first quarter of 2024, the fair value of the disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates. This updated assessment resulted in an estimated fair value of $ 227 million as of March 31, 2024, which consists of $ 186 million related to fair value of retained interest in Beko Europe B.V. ("Beko") and $ 41 million of proceeds from the sale of our Middle East and North Africa ("MENA") business. | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2024, the fair value of the disposal group was updated based on working capital adjustments, cash flow assumptions, and changes in discount rates. This updated assessment resulted in an estimated fair value of $ 227 million as of March 31, 2024, which consists of $ 186 million related to fair value of retained interest in Beko Europe B.V. ("Beko") and $ 41 million of proceeds from the sale of our Middle East and North Africa ("MENA") business. </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
Subsequent to closing of the transaction, the Company holds an equity interest of 25 % in Beko. The fair value of the investment in Beko at the date of deconsolidation was calculated based on a discounted cash flow analysis and multiple market data points (Level 3 input), resulting in a fair value of $ 186 million. The discounted cash flow analysis utilized a discount rate of 15.5 %. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> Subsequent to closing of the transaction, the Company holds an equity interest of 25 % in Beko. The fair value of the investment in Beko at the date of deconsolidation was calculated based on a discounted cash flow analysis and multiple market data points (Level 3 input), resulting in a fair value of $ 186 million. The discounted cash flow analysis utilized a discount rate of 15.5 %. </context> | us-gaap:DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestAfterDisposal |
Subsequent to closing of the transaction, the Company holds an equity interest of 25 % in Beko. The fair value of the investment in Beko at the date of deconsolidation was calculated based on a discounted cash flow analysis and multiple market data points (Level 3 input), resulting in a fair value of $ 186 million. The discounted cash flow analysis utilized a discount rate of 15.5 %. | text | 186 | monetaryItemType | text: <entity> 186 </entity> <entity type> monetaryItemType </entity type> <context> Subsequent to closing of the transaction, the Company holds an equity interest of 25 % in Beko. The fair value of the investment in Beko at the date of deconsolidation was calculated based on a discounted cash flow analysis and multiple market data points (Level 3 input), resulting in a fair value of $ 186 million. The discounted cash flow analysis utilized a discount rate of 15.5 %. </context> | us-gaap:EquityMethodInvestmentsFairValueDisclosure |
During the twelve months ended December 31, 2024, we recorded a loss of $ 298 million to the loss on sale and disposal of businesses. The transaction closed on April 1, 2024 and no material fair value adjustments were recorded during the twelve months ended December 31, 2024 related to the contribution of our Europe major domestic appliance business. The loss of $ 298 million recorded during the twelve months December 31, 2024 reflects reassessment of the fair value less costs to sell of the disposal group, provisions for tax related indemnities and transaction costs. | text | 298 | monetaryItemType | text: <entity> 298 </entity> <entity type> monetaryItemType </entity type> <context> During the twelve months ended December 31, 2024, we recorded a loss of $ 298 million to the loss on sale and disposal of businesses. The transaction closed on April 1, 2024 and no material fair value adjustments were recorded during the twelve months ended December 31, 2024 related to the contribution of our Europe major domestic appliance business. The loss of $ 298 million recorded during the twelve months December 31, 2024 reflects reassessment of the fair value less costs to sell of the disposal group, provisions for tax related indemnities and transaction costs. </context> | us-gaap:GainLossOnSaleOfBusiness |
During the second quarter of 2022, we entered into an agreement to sell our Russia business. We classified this disposal group as held for sale with a fair value of zero . Fair value, which is less than the carrying amount of the Russia business, was estimated based on purchase price which includes contingent consideration based on future business and other conditions (Level 2 input). We recorded an impairment charge of $ 333 million for the write-down of the net assets to their fair value. | text | 333 | monetaryItemType | text: <entity> 333 </entity> <entity type> monetaryItemType </entity type> <context> During the second quarter of 2022, we entered into an agreement to sell our Russia business. We classified this disposal group as held for sale with a fair value of zero . Fair value, which is less than the carrying amount of the Russia business, was estimated based on purchase price which includes contingent consideration based on future business and other conditions (Level 2 input). We recorded an impairment charge of $ 333 million for the write-down of the net assets to their fair value. </context> | us-gaap:ImpairmentChargeOnReclassifiedAssets |
The fair value of long-term debt (including current maturities) was $ 6.2 billion and $ 6.9 billion at December 31, 2024 and 2023, respectively, and was estimated using a discounted cash flow analysis based on incremental borrowing rates for similar types of borrowing arrangements (Level 2 input). | text | 6.2 | monetaryItemType | text: <entity> 6.2 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of long-term debt (including current maturities) was $ 6.2 billion and $ 6.9 billion at December 31, 2024 and 2023, respectively, and was estimated using a discounted cash flow analysis based on incremental borrowing rates for similar types of borrowing arrangements (Level 2 input). </context> | us-gaap:LongTermDebtFairValue |
The fair value of long-term debt (including current maturities) was $ 6.2 billion and $ 6.9 billion at December 31, 2024 and 2023, respectively, and was estimated using a discounted cash flow analysis based on incremental borrowing rates for similar types of borrowing arrangements (Level 2 input). | text | 6.9 | monetaryItemType | text: <entity> 6.9 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of long-term debt (including current maturities) was $ 6.2 billion and $ 6.9 billion at December 31, 2024 and 2023, respectively, and was estimated using a discounted cash flow analysis based on incremental borrowing rates for similar types of borrowing arrangements (Level 2 input). </context> | us-gaap:LongTermDebtFairValue |
Dividends per share paid to shareholders were $ 7.00 , $ 7.00 and $ 7.00 during 2024, 2023 and 2022, respectively. | text | 7.00 | perShareItemType | text: <entity> 7.00 </entity> <entity type> perShareItemType </entity type> <context> Dividends per share paid to shareholders were $ 7.00 , $ 7.00 and $ 7.00 during 2024, 2023 and 2022, respectively. </context> | us-gaap:CommonStockDividendsPerShareCashPaid |
On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $ 2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $ 2 billion in share repurchases under the Company's ongoing share repurchase program. During the twelve months ended December 31, 2024, we repurchased 456,000 shares under the share repurchase program at an aggregate price of approximately $ 50 million. At December 31, 2024, there were approximately $ 2.5 billion in remaining funds authorized under these programs. | text | 456000 | sharesItemType | text: <entity> 456000 </entity> <entity type> sharesItemType </entity type> <context> On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $ 2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $ 2 billion in share repurchases under the Company's ongoing share repurchase program. During the twelve months ended December 31, 2024, we repurchased 456,000 shares under the share repurchase program at an aggregate price of approximately $ 50 million. At December 31, 2024, there were approximately $ 2.5 billion in remaining funds authorized under these programs. </context> | us-gaap:StockRepurchasedDuringPeriodShares |
On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $ 2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $ 2 billion in share repurchases under the Company's ongoing share repurchase program. During the twelve months ended December 31, 2024, we repurchased 456,000 shares under the share repurchase program at an aggregate price of approximately $ 50 million. At December 31, 2024, there were approximately $ 2.5 billion in remaining funds authorized under these programs. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $ 2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $ 2 billion in share repurchases under the Company's ongoing share repurchase program. During the twelve months ended December 31, 2024, we repurchased 456,000 shares under the share repurchase program at an aggregate price of approximately $ 50 million. At December 31, 2024, there were approximately $ 2.5 billion in remaining funds authorized under these programs. </context> | us-gaap:StockRepurchasedDuringPeriodValue |
On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $ 2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $ 2 billion in share repurchases under the Company's ongoing share repurchase program. During the twelve months ended December 31, 2024, we repurchased 456,000 shares under the share repurchase program at an aggregate price of approximately $ 50 million. At December 31, 2024, there were approximately $ 2.5 billion in remaining funds authorized under these programs. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> On April 19, 2021, our Board of Directors authorized a share repurchase program of up to $ 2 billion, which has no expiration date. On February 14, 2022, the Board of Directors authorized an additional $ 2 billion in share repurchases under the Company's ongoing share repurchase program. During the twelve months ended December 31, 2024, we repurchased 456,000 shares under the share repurchase program at an aggregate price of approximately $ 50 million. At December 31, 2024, there were approximately $ 2.5 billion in remaining funds authorized under these programs. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
We sponsor several share-based employee incentive plans. Share-based compensation expense for grants awarded under these plans was $ 28 million | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor several share-based employee incentive plans. Share-based compensation expense for grants awarded under these plans was $ 28 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
$ 33 million and $ 58 million in 2024, 2023, and 2022, respectively. Related income tax benefits recognized in earnings were | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> $ 33 million and $ 58 million in 2024, 2023, and 2022, respectively. Related income tax benefits recognized in earnings were </context> | us-gaap:AllocatedShareBasedCompensationExpense |
$ 33 million and $ 58 million in 2024, 2023, and 2022, respectively. Related income tax benefits recognized in earnings were | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> $ 33 million and $ 58 million in 2024, 2023, and 2022, respectively. Related income tax benefits recognized in earnings were </context> | us-gaap:AllocatedShareBasedCompensationExpense |
$ 4 million, $ 7 million and $ 10 million in 2024, 2023, and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> $ 4 million, $ 7 million and $ 10 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
$ 4 million, $ 7 million and $ 10 million in 2024, 2023, and 2022, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> $ 4 million, $ 7 million and $ 10 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
$ 4 million, $ 7 million and $ 10 million in 2024, 2023, and 2022, respectively. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> $ 4 million, $ 7 million and $ 10 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
At December 31, 2024, unrecognized compensation cost related to non-vested stock option and stock unit awards totaled $ 62 million. The cost of these non-vested awards is expected to be recognized over a weighted-average remaining vesting period of 26 | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, unrecognized compensation cost related to non-vested stock option and stock unit awards totaled $ 62 million. The cost of these non-vested awards is expected to be recognized over a weighted-average remaining vesting period of 26 </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
On April 18, 2023, our stockholders approved the 2023 Omnibus Stock and Incentive Plan ("2023 OSIP"). This plan was adopted by our Board of Directors on February 20, 2023 and provides for the issuance of stock options, performance stock units, and restricted stock units, among other award types. No new awards may be granted under the 2023 OSIP after the tenth anniversary of the date that the stockholders approved the plan. However, the term and exercise of awards granted before then may extend beyond that date. At December 31, 2024, approximately 2.9 million shares remain available for issuance under the 2018 and 2023 OSIP. | text | 2.9 | sharesItemType | text: <entity> 2.9 </entity> <entity type> sharesItemType </entity type> <context> On April 18, 2023, our stockholders approved the 2023 Omnibus Stock and Incentive Plan ("2023 OSIP"). This plan was adopted by our Board of Directors on February 20, 2023 and provides for the issuance of stock options, performance stock units, and restricted stock units, among other award types. No new awards may be granted under the 2023 OSIP after the tenth anniversary of the date that the stockholders approved the plan. However, the term and exercise of awards granted before then may extend beyond that date. At December 31, 2024, approximately 2.9 million shares remain available for issuance under the 2018 and 2023 OSIP. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
$ 37.55 and $ 53.16 , respectively, using the following assumptions: | text | 37.55 | perShareItemType | text: <entity> 37.55 </entity> <entity type> perShareItemType </entity type> <context> $ 37.55 and $ 53.16 , respectively, using the following assumptions: </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
$ 37.55 and $ 53.16 , respectively, using the following assumptions: | text | 53.16 | perShareItemType | text: <entity> 53.16 </entity> <entity type> perShareItemType </entity type> <context> $ 37.55 and $ 53.16 , respectively, using the following assumptions: </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
$ 48 million, $ 76 million and $ 67 million, respectively. | text | 48 | monetaryItemType | text: <entity> 48 </entity> <entity type> monetaryItemType </entity type> <context> $ 48 million, $ 76 million and $ 67 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
$ 48 million, $ 76 million and $ 67 million, respectively. | text | 76 | monetaryItemType | text: <entity> 76 </entity> <entity type> monetaryItemType </entity type> <context> $ 48 million, $ 76 million and $ 67 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
$ 48 million, $ 76 million and $ 67 million, respectively. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> $ 48 million, $ 76 million and $ 67 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $ 21 million, of which we incurred $ 14 million in employee termination costs and $ 7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $ 21 million, of which we incurred $ 14 million in employee termination costs and $ 7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. </context> | us-gaap:RestructuringAndRelatedCostExpectedCost1 |
In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $ 21 million, of which we incurred $ 14 million in employee termination costs and $ 7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $ 21 million, of which we incurred $ 14 million in employee termination costs and $ 7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. </context> | us-gaap:RestructuringAndRelatedCostCostIncurredToDate1 |
In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $ 21 million, of which we incurred $ 14 million in employee termination costs and $ 7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total costs for these actions were $ 21 million, of which we incurred $ 14 million in employee termination costs and $ 7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. </context> | us-gaap:RestructuringAndRelatedCostCostIncurredToDate1 |
During the second quarter of 2024, the Company evaluated additional restructuring actions as part of the Company's organizational simplification efforts. Total costs for these actions were $ 58 million, which were primarily employee termination costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> During the second quarter of 2024, the Company evaluated additional restructuring actions as part of the Company's organizational simplification efforts. Total costs for these actions were $ 58 million, which were primarily employee termination costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025. </context> | us-gaap:RestructuringCharges |
Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. </context> | us-gaap:IncomeTaxExpenseBenefit |
Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. | text | 77 | monetaryItemType | text: <entity> 77 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. </context> | us-gaap:IncomeTaxExpenseBenefit |
Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. | text | 265 | monetaryItemType | text: <entity> 265 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. </context> | us-gaap:IncomeTaxExpenseBenefit |
Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. | text | 721 | monetaryItemType | text: <entity> 721 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense was $ 10 million, $ 77 million, and $ 265 million in 2024, 2023 and 2022, respectively. The decrease in tax expense in 2024 compared to 2023 includes lower earnings and legal entity restructuring tax benefits related to simplifying our legal entity structure in 2024 to reduce administrative costs associated with the prior structure. The completion of the restructuring in 2024 created a tax deductible loss which was recognized in 2024 and resulted in a $ 721 million net tax benefit partially offset by increases in valuation allowances and the divestiture tax impact. </context> | us-gaap:IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges |
The change in tax expense in 2023 compared to 2022 includes legal entity restructuring tax benefits, related to simplifying the legal entity structure to reduce administrative costs associated with the prior structure. The completion of the restructuring created a tax-deductible loss which was recognized in the fourth quarter of 2023, and resulted in a $ 170 million net tax benefit, partially offset by increases in valuation allowances. | text | 170 | monetaryItemType | text: <entity> 170 </entity> <entity type> monetaryItemType </entity type> <context> The change in tax expense in 2023 compared to 2022 includes legal entity restructuring tax benefits, related to simplifying the legal entity structure to reduce administrative costs associated with the prior structure. The completion of the restructuring created a tax-deductible loss which was recognized in the fourth quarter of 2023, and resulted in a $ 170 million net tax benefit, partially offset by increases in valuation allowances. </context> | us-gaap:IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges |
We have historically reinvested all unremitted earnings of the majority of our foreign subsidiaries and affiliates, and therefore have not recognized any U.S. deferred tax liability on those earnings. The Company had cash and cash equivalents of approximately $ 1.3 billion at December 31, 2024, of which approximately $ 1.1 billion was held by subsidiaries in foreign countries. Certain funds outside of the United States could be repatriated to fund our U.S. operations. If these funds were | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> We have historically reinvested all unremitted earnings of the majority of our foreign subsidiaries and affiliates, and therefore have not recognized any U.S. deferred tax liability on those earnings. The Company had cash and cash equivalents of approximately $ 1.3 billion at December 31, 2024, of which approximately $ 1.1 billion was held by subsidiaries in foreign countries. Certain funds outside of the United States could be repatriated to fund our U.S. operations. If these funds were </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
We have historically reinvested all unremitted earnings of the majority of our foreign subsidiaries and affiliates, and therefore have not recognized any U.S. deferred tax liability on those earnings. The Company had cash and cash equivalents of approximately $ 1.3 billion at December 31, 2024, of which approximately $ 1.1 billion was held by subsidiaries in foreign countries. Certain funds outside of the United States could be repatriated to fund our U.S. operations. If these funds were | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> We have historically reinvested all unremitted earnings of the majority of our foreign subsidiaries and affiliates, and therefore have not recognized any U.S. deferred tax liability on those earnings. The Company had cash and cash equivalents of approximately $ 1.3 billion at December 31, 2024, of which approximately $ 1.1 billion was held by subsidiaries in foreign countries. Certain funds outside of the United States could be repatriated to fund our U.S. operations. If these funds were </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
At December 31, 2024, we had net operating loss carryforwards of $ 3.8 billion, $ 1.2 billion of which were U.S. state net operating loss carryforwards, compared to $ 5.4 billion and $ 1.2 billion at December 31, 2023, respectively. The | text | 3.8 | monetaryItemType | text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had net operating loss carryforwards of $ 3.8 billion, $ 1.2 billion of which were U.S. state net operating loss carryforwards, compared to $ 5.4 billion and $ 1.2 billion at December 31, 2023, respectively. The </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2024, we had net operating loss carryforwards of $ 3.8 billion, $ 1.2 billion of which were U.S. state net operating loss carryforwards, compared to $ 5.4 billion and $ 1.2 billion at December 31, 2023, respectively. The | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had net operating loss carryforwards of $ 3.8 billion, $ 1.2 billion of which were U.S. state net operating loss carryforwards, compared to $ 5.4 billion and $ 1.2 billion at December 31, 2023, respectively. The </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2024, we had net operating loss carryforwards of $ 3.8 billion, $ 1.2 billion of which were U.S. state net operating loss carryforwards, compared to $ 5.4 billion and $ 1.2 billion at December 31, 2023, respectively. The | text | 5.4 | monetaryItemType | text: <entity> 5.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had net operating loss carryforwards of $ 3.8 billion, $ 1.2 billion of which were U.S. state net operating loss carryforwards, compared to $ 5.4 billion and $ 1.2 billion at December 31, 2023, respectively. The </context> | us-gaap:OperatingLossCarryforwards |
decrease in net operating loss carryforwards was primarily driven by the legal entity restructuring actions in 2024. Of the total net operating loss carryforwards at December 31, 2024, $ 1.1 billion do not expire, with substantially all of the remaining carryforwards expiring in various years through 2043. At December 31, 2024, we had $ 363 million of United States general business credit carryforwards available to offset future payments of federal income taxes, expiring between 2031 and 2043. | text | 363 | monetaryItemType | text: <entity> 363 </entity> <entity type> monetaryItemType </entity type> <context> decrease in net operating loss carryforwards was primarily driven by the legal entity restructuring actions in 2024. Of the total net operating loss carryforwards at December 31, 2024, $ 1.1 billion do not expire, with substantially all of the remaining carryforwards expiring in various years through 2043. At December 31, 2024, we had $ 363 million of United States general business credit carryforwards available to offset future payments of federal income taxes, expiring between 2031 and 2043. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness |
We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. | text | 885 | monetaryItemType | text: <entity> 885 </entity> <entity type> monetaryItemType </entity type> <context> We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. | text | 601 | monetaryItemType | text: <entity> 601 </entity> <entity type> monetaryItemType </entity type> <context> We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. | text | 284 | monetaryItemType | text: <entity> 284 </entity> <entity type> monetaryItemType </entity type> <context> We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. | text | 490 | monetaryItemType | text: <entity> 490 </entity> <entity type> monetaryItemType </entity type> <context> We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. | text | 393 | monetaryItemType | text: <entity> 393 </entity> <entity type> monetaryItemType </entity type> <context> We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. | text | 97 | monetaryItemType | text: <entity> 97 </entity> <entity type> monetaryItemType </entity type> <context> We routinely review the future realization of deferred tax assets based on projected future reversal of taxable temporary differences, available tax planning strategies and projected future taxable income. We have recorded a valuation allowance to reflect the net estimated amount of certain deferred tax assets associated with net operating loss and other deferred tax assets we believe will be realized. Our recorded valuation allowance of $ 885 million at December 31, 2024 consists of $ 601 million of net operating loss carryforward deferred tax assets and $ 284 million of other deferred tax assets. Our recorded valuation allowance was $ 490 million at December 31, 2023 and consisted of $ 393 million of net operating loss carryforward deferred tax assets and $ 97 million of other deferred tax assets. The increase in our valuation allowance was primarily driven by the European major domestic appliance business transaction. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
Net operating loss carryforwards in 2023 of $ 2.1 billion related to the European major domestic appliance business as of December 31, 2023. Net deferred tax assets of $ 512 million, including $ 106 million of valuation allowances, associated with the disposal group were transferred to assets held for sale in the fourth quarter of 2023. For additional information, see Notes 10 and 16 to the 2023 Consolidated Financial Statements. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> Net operating loss carryforwards in 2023 of $ 2.1 billion related to the European major domestic appliance business as of December 31, 2023. Net deferred tax assets of $ 512 million, including $ 106 million of valuation allowances, associated with the disposal group were transferred to assets held for sale in the fourth quarter of 2023. For additional information, see Notes 10 and 16 to the 2023 Consolidated Financial Statements. </context> | us-gaap:OperatingLossCarryforwards |
Net operating loss carryforwards in 2023 of $ 2.1 billion related to the European major domestic appliance business as of December 31, 2023. Net deferred tax assets of $ 512 million, including $ 106 million of valuation allowances, associated with the disposal group were transferred to assets held for sale in the fourth quarter of 2023. For additional information, see Notes 10 and 16 to the 2023 Consolidated Financial Statements. | text | 512 | monetaryItemType | text: <entity> 512 </entity> <entity type> monetaryItemType </entity type> <context> Net operating loss carryforwards in 2023 of $ 2.1 billion related to the European major domestic appliance business as of December 31, 2023. Net deferred tax assets of $ 512 million, including $ 106 million of valuation allowances, associated with the disposal group were transferred to assets held for sale in the fourth quarter of 2023. For additional information, see Notes 10 and 16 to the 2023 Consolidated Financial Statements. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
On August 16, 2022, the Inflation Reduction Act of 2022 (the “IRA”) was enacted into law. Among other changes to the Internal Revenue Code of 1986, as amended (the “Code”), the IRA imposes a 15% corporate alternative minimum tax on certain corporations (the “CAMT”). To the extent a corporation is subject to the CAMT in a prior taxable year and in a later taxable year is subject to the regular corporate tax, such corporation may apply the prior amounts paid under the CAMT against its regular tax liability to the extent such credits do not reduce the regular tax liability below the CAMT applicable in such taxable year. We have no CAMT liability nor related deferred tax asset carryforward as of December 31, 2024. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> On August 16, 2022, the Inflation Reduction Act of 2022 (the “IRA”) was enacted into law. Among other changes to the Internal Revenue Code of 1986, as amended (the “Code”), the IRA imposes a 15% corporate alternative minimum tax on certain corporations (the “CAMT”). To the extent a corporation is subject to the CAMT in a prior taxable year and in a later taxable year is subject to the regular corporate tax, such corporation may apply the prior amounts paid under the CAMT against its regular tax liability to the extent such credits do not reduce the regular tax liability below the CAMT applicable in such taxable year. We have no CAMT liability nor related deferred tax asset carryforward as of December 31, 2024. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax |
Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. | text | 53 | monetaryItemType | text: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. | text | 78 | monetaryItemType | text: <entity> 78 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. | text | 90 | monetaryItemType | text: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties associated with unrecognized tax benefits resulted in a net expense of $ 14 million, net benefit of $ 12 million and net expense of $ 24 million in December 31, 2024, 2023 and 2022, respectively. We have accrued a total of $ 53 million, $ 78 million and $ 90 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
It is reasonably possible that certain unrecognized tax benefits of $ 134 million could be settled with various related jurisdictions during the next 12 months. | text | 134 | monetaryItemType | text: <entity> 134 </entity> <entity type> monetaryItemType </entity type> <context> It is reasonably possible that certain unrecognized tax benefits of $ 134 million could be settled with various related jurisdictions during the next 12 months. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Sales to Lowe's, a North American retailer, represented approximately 13 %, 13 %, and 14 % of our consolidated net sales in 2024, 2023 and 2022, respectively. Lowe's represented approximately 38 % and 38 % of our consolidated accounts receivable as of December 31, 2024 and 2023, respectively. | text | 13 | percentItemType | text: <entity> 13 </entity> <entity type> percentItemType </entity type> <context> Sales to Lowe's, a North American retailer, represented approximately 13 %, 13 %, and 14 % of our consolidated net sales in 2024, 2023 and 2022, respectively. Lowe's represented approximately 38 % and 38 % of our consolidated accounts receivable as of December 31, 2024 and 2023, respectively. </context> | us-gaap:ConcentrationRiskPercentage1 |
Sales to Lowe's, a North American retailer, represented approximately 13 %, 13 %, and 14 % of our consolidated net sales in 2024, 2023 and 2022, respectively. Lowe's represented approximately 38 % and 38 % of our consolidated accounts receivable as of December 31, 2024 and 2023, respectively. | text | 14 | percentItemType | text: <entity> 14 </entity> <entity type> percentItemType </entity type> <context> Sales to Lowe's, a North American retailer, represented approximately 13 %, 13 %, and 14 % of our consolidated net sales in 2024, 2023 and 2022, respectively. Lowe's represented approximately 38 % and 38 % of our consolidated accounts receivable as of December 31, 2024 and 2023, respectively. </context> | us-gaap:ConcentrationRiskPercentage1 |
Sales to Lowe's, a North American retailer, represented approximately 13 %, 13 %, and 14 % of our consolidated net sales in 2024, 2023 and 2022, respectively. Lowe's represented approximately 38 % and 38 % of our consolidated accounts receivable as of December 31, 2024 and 2023, respectively. | text | 38 | percentItemType | text: <entity> 38 </entity> <entity type> percentItemType </entity type> <context> Sales to Lowe's, a North American retailer, represented approximately 13 %, 13 %, and 14 % of our consolidated net sales in 2024, 2023 and 2022, respectively. Lowe's represented approximately 38 % and 38 % of our consolidated accounts receivable as of December 31, 2024 and 2023, respectively. </context> | us-gaap:ConcentrationRiskPercentage1 |
The United States individually comprised at least 10% of consolidated net sales in 2024, 2023 and 2022 in the amounts of $ 10.1 billion, $ 10.5 billion and $ 10.5 billion, respectively. | text | 10.1 | monetaryItemType | text: <entity> 10.1 </entity> <entity type> monetaryItemType </entity type> <context> The United States individually comprised at least 10% of consolidated net sales in 2024, 2023 and 2022 in the amounts of $ 10.1 billion, $ 10.5 billion and $ 10.5 billion, respectively. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
The United States individually comprised at least 10% of consolidated net sales in 2024, 2023 and 2022 in the amounts of $ 10.1 billion, $ 10.5 billion and $ 10.5 billion, respectively. | text | 10.5 | monetaryItemType | text: <entity> 10.5 </entity> <entity type> monetaryItemType </entity type> <context> The United States individually comprised at least 10% of consolidated net sales in 2024, 2023 and 2022 in the amounts of $ 10.1 billion, $ 10.5 billion and $ 10.5 billion, respectively. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Brazil individually comprised at least 10% of consolidated net sales in 2024 in the amount of $ 2.5 billion. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> Brazil individually comprised at least 10% of consolidated net sales in 2024 in the amount of $ 2.5 billion. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Assets of $ 3.3 billion and $ 3.4 billion associated with our European major domestic appliance business were classified as assets held for sale and recorded at fair value less costs to sell as of December 31, 2023 and December 31, 2022, respectively. | text | 3.3 | monetaryItemType | text: <entity> 3.3 </entity> <entity type> monetaryItemType </entity type> <context> Assets of $ 3.3 billion and $ 3.4 billion associated with our European major domestic appliance business were classified as assets held for sale and recorded at fair value less costs to sell as of December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation |
Assets of $ 3.3 billion and $ 3.4 billion associated with our European major domestic appliance business were classified as assets held for sale and recorded at fair value less costs to sell as of December 31, 2023 and December 31, 2022, respectively. | text | 3.4 | monetaryItemType | text: <entity> 3.4 </entity> <entity type> monetaryItemType </entity type> <context> Assets of $ 3.3 billion and $ 3.4 billion associated with our European major domestic appliance business were classified as assets held for sale and recorded at fair value less costs to sell as of December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation |
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. | text | 75 | percentItemType | text: <entity> 75 </entity> <entity type> percentItemType </entity type> <context> On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. </context> | us-gaap:GainLossOnSaleOfBusiness |
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown |
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. | text | 393 | monetaryItemType | text: <entity> 393 </entity> <entity type> monetaryItemType </entity type> <context> On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses |
On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. | text | No | monetaryItemType | text: <entity> No </entity> <entity type> monetaryItemType </entity type> <context> On April 1, 2024, the parties closed the aforementioned contribution transaction and MENA sale. Upon closing in the second quarter of 2024, the transaction resulted in the deconsolidation of the European major appliances and MENA businesses. Whirlpool owns approximately 25 % and Arcelik owns approximately 75 % of the European appliance company ("Beko Europe"). In connection with the transactions, we recorded a loss on disposal of $ 1.5 billion in the fourth quarter of 2022. The loss included a write-down of the net assets of $ 1.2 billion of the disposal group to a fair value of $ 139 million and also includes $ 393 million of cumulative currency translation adjustments, $ 98 million of other comprehensive loss on pension and $ 18 million of other transaction related costs. No goodwill was included in the disposal group. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationGoodwill1 |
We recorded adjustments of $ 298 million and $ 106 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively, resulting in a total loss of $ 1.9 billion for the transaction. These adjustments are recorded in the loss on sale and disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction. | text | 298 | monetaryItemType | text: <entity> 298 </entity> <entity type> monetaryItemType </entity type> <context> We recorded adjustments of $ 298 million and $ 106 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively, resulting in a total loss of $ 1.9 billion for the transaction. These adjustments are recorded in the loss on sale and disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction. </context> | us-gaap:GainLossOnSaleOfBusiness |
We recorded adjustments of $ 298 million and $ 106 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively, resulting in a total loss of $ 1.9 billion for the transaction. These adjustments are recorded in the loss on sale and disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> We recorded adjustments of $ 298 million and $ 106 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively, resulting in a total loss of $ 1.9 billion for the transaction. These adjustments are recorded in the loss on sale and disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction. </context> | us-gaap:GainLossOnSaleOfBusiness |
We recorded adjustments of $ 298 million and $ 106 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively, resulting in a total loss of $ 1.9 billion for the transaction. These adjustments are recorded in the loss on sale and disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> We recorded adjustments of $ 298 million and $ 106 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively, resulting in a total loss of $ 1.9 billion for the transaction. These adjustments are recorded in the loss on sale and disposal of businesses and reflect ongoing reassessment of the fair value less costs to sell of the disposal group, transaction costs and provision for tax related indemnities recorded at closing of the transaction. </context> | us-gaap:GainLossOnSaleOfBusiness |
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