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Advertising costs are charged to expense when the advertisement is first communicated and totaled $ 264 million, $ 392 million and $ 329 million in 2024, 2023 and 2022, respectively. | text | 329 | monetaryItemType | text: <entity> 329 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are charged to expense when the advertisement is first communicated and totaled $ 264 million, $ 392 million and $ 329 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. | text | 186 | monetaryItemType | text: <entity> 186 </entity> <entity type> monetaryItemType </entity type> <context> 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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. </context> | us-gaap:EquityMethodInvestmentsFairValueDisclosure |
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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. | text | 74 | monetaryItemType | text: <entity> 74 </entity> <entity type> monetaryItemType </entity type> <context> 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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. </context> | us-gaap:EquityMethodInvestments |
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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. | text | 74 | monetaryItemType | text: <entity> 74 </entity> <entity type> monetaryItemType </entity type> <context> 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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. </context> | us-gaap:RestructuringCharges |
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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. | text | 193 | monetaryItemType | text: <entity> 193 </entity> <entity type> monetaryItemType </entity type> <context> 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. As of December 31, 2024, the carrying amount of the investment is $ 74 million, reflecting the recognition of equity method investment losses during the year, which includes restructuring charges of $ 74 million. The fair value of our investment in Whirlpool China, based on the quoted market price, is $ 193 million as of December 31, 2024. Management has concluded that there are no indicators of other than temporary impairment related to these investments. </context> | us-gaap:EquityMethodInvestmentQuotedMarketValue |
As of December 31, 2024, the Company's majority-owned subsidiary, Whirlpool India, holds a 97 % controlling equity ownership in Elica PB India, following an additional acquisition of 10 % equity interest during the third quarter of 2024. Elica PB India is consolidated in Whirlpool Corporation's financial statements and reported within our MDA Asia reportable segment. | text | 97 | percentItemType | text: <entity> 97 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, the Company's majority-owned subsidiary, Whirlpool India, holds a 97 % controlling equity ownership in Elica PB India, following an additional acquisition of 10 % equity interest during the third quarter of 2024. Elica PB India is consolidated in Whirlpool Corporation's financial statements and reported within our MDA Asia reportable segment. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Elica PB India is a VIE for which the Company is the primary beneficiary. The carrying amount of goodwill amounts to $ 86 million and the carrying amount of customer relationships, which are included in Other intangible assets, net of accumulated amortization, amounts to $ 26 million as of December 31, 2024. Other assets or liabilities of Elica PB India are not material to the Consolidated Financial Statements of the Company. | text | 86 | monetaryItemType | text: <entity> 86 </entity> <entity type> monetaryItemType </entity type> <context> Elica PB India is a VIE for which the Company is the primary beneficiary. The carrying amount of goodwill amounts to $ 86 million and the carrying amount of customer relationships, which are included in Other intangible assets, net of accumulated amortization, amounts to $ 26 million as of December 31, 2024. Other assets or liabilities of Elica PB India are not material to the Consolidated Financial Statements of the Company. </context> | us-gaap:Goodwill |
Elica PB India is a VIE for which the Company is the primary beneficiary. The carrying amount of goodwill amounts to $ 86 million and the carrying amount of customer relationships, which are included in Other intangible assets, net of accumulated amortization, amounts to $ 26 million as of December 31, 2024. Other assets or liabilities of Elica PB India are not material to the Consolidated Financial Statements of the Company. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Elica PB India is a VIE for which the Company is the primary beneficiary. The carrying amount of goodwill amounts to $ 86 million and the carrying amount of customer relationships, which are included in Other intangible assets, net of accumulated amortization, amounts to $ 26 million as of December 31, 2024. Other assets or liabilities of Elica PB India are not material to the Consolidated Financial Statements of the Company. </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
We lease certain manufacturing facilities, warehouses/distribution centers, office space, land, vehicles, and equipment. At lease inception, we determine the lease term by assuming the exercise of those renewal options that are reasonably assured. Leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets and we recognize lease expense for these leases on a straight-line basis over the lease term. The Company had operating lease costs of approximately $ 216 million, $ 235 million and $ 218 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 216 | monetaryItemType | text: <entity> 216 </entity> <entity type> monetaryItemType </entity type> <context> We lease certain manufacturing facilities, warehouses/distribution centers, office space, land, vehicles, and equipment. At lease inception, we determine the lease term by assuming the exercise of those renewal options that are reasonably assured. Leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets and we recognize lease expense for these leases on a straight-line basis over the lease term. The Company had operating lease costs of approximately $ 216 million, $ 235 million and $ 218 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:LeaseCost |
We lease certain manufacturing facilities, warehouses/distribution centers, office space, land, vehicles, and equipment. At lease inception, we determine the lease term by assuming the exercise of those renewal options that are reasonably assured. Leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets and we recognize lease expense for these leases on a straight-line basis over the lease term. The Company had operating lease costs of approximately $ 216 million, $ 235 million and $ 218 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 235 | monetaryItemType | text: <entity> 235 </entity> <entity type> monetaryItemType </entity type> <context> We lease certain manufacturing facilities, warehouses/distribution centers, office space, land, vehicles, and equipment. At lease inception, we determine the lease term by assuming the exercise of those renewal options that are reasonably assured. Leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets and we recognize lease expense for these leases on a straight-line basis over the lease term. The Company had operating lease costs of approximately $ 216 million, $ 235 million and $ 218 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:LeaseCost |
We lease certain manufacturing facilities, warehouses/distribution centers, office space, land, vehicles, and equipment. At lease inception, we determine the lease term by assuming the exercise of those renewal options that are reasonably assured. Leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets and we recognize lease expense for these leases on a straight-line basis over the lease term. The Company had operating lease costs of approximately $ 216 million, $ 235 million and $ 218 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 218 | monetaryItemType | text: <entity> 218 </entity> <entity type> monetaryItemType </entity type> <context> We lease certain manufacturing facilities, warehouses/distribution centers, office space, land, vehicles, and equipment. At lease inception, we determine the lease term by assuming the exercise of those renewal options that are reasonably assured. Leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets and we recognize lease expense for these leases on a straight-line basis over the lease term. The Company had operating lease costs of approximately $ 216 million, $ 235 million and $ 218 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:LeaseCost |
At December 31, 2024 and 2023, we have no material leases classified as financing leases. We have approximately $ 1,048 million of non-cancellable operating lease commitments, excluding variable consideration at December 31, 2024 and $ 929 million at December 31, 2023. The undiscounted annual future minimum lease payments are summarized by year in the table below. | text | 1048 | monetaryItemType | text: <entity> 1048 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, we have no material leases classified as financing leases. We have approximately $ 1,048 million of non-cancellable operating lease commitments, excluding variable consideration at December 31, 2024 and $ 929 million at December 31, 2023. The undiscounted annual future minimum lease payments are summarized by year in the table below. </context> | us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue |
At December 31, 2024 and 2023, we have no material leases classified as financing leases. We have approximately $ 1,048 million of non-cancellable operating lease commitments, excluding variable consideration at December 31, 2024 and $ 929 million at December 31, 2023. The undiscounted annual future minimum lease payments are summarized by year in the table below. | text | 929 | monetaryItemType | text: <entity> 929 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, we have no material leases classified as financing leases. We have approximately $ 1,048 million of non-cancellable operating lease commitments, excluding variable consideration at December 31, 2024 and $ 929 million at December 31, 2023. The undiscounted annual future minimum lease payments are summarized by year in the table below. </context> | us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue |
The long-term portion of the lease liabilities included in the amounts above is $ 711 million as of December 31, 2024. The remainder of our lease liabilities are included in other current liabilities in the Consolidated Balance Sheets. | text | 711 | monetaryItemType | text: <entity> 711 </entity> <entity type> monetaryItemType </entity type> <context> The long-term portion of the lease liabilities included in the amounts above is $ 711 million as of December 31, 2024. The remainder of our lease liabilities are included in other current liabilities in the Consolidated Balance Sheets. </context> | us-gaap:OperatingLeaseLiabilityNoncurrent |
During the year ended December 31, 2024 the weighted average remaining lease term and weighted average discount rate for operating leases was 6 years and 6 %. The weighted average remaining | text | 6 | percentItemType | text: <entity> 6 </entity> <entity type> percentItemType </entity type> <context> During the year ended December 31, 2024 the weighted average remaining lease term and weighted average discount rate for operating leases was 6 years and 6 %. The weighted average remaining </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
lease term and weighted average discount rate was 7 years and 5 % for the year ended December 31, 2023. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> lease term and weighted average discount rate was 7 years and 5 % for the year ended December 31, 2023. </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
During the year ended December 31, 2024 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 206 million. The right of use assets obtained in exchange for new liabilities was $ 268 million for the year ended December 31, 2024. | text | 206 | monetaryItemType | text: <entity> 206 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 206 million. The right of use assets obtained in exchange for new liabilities was $ 268 million for the year ended December 31, 2024. </context> | us-gaap:OperatingLeasePayments |
During the year ended December 31, 2024 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 206 million. The right of use assets obtained in exchange for new liabilities was $ 268 million for the year ended December 31, 2024. | text | 268 | monetaryItemType | text: <entity> 268 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 206 million. The right of use assets obtained in exchange for new liabilities was $ 268 million for the year ended December 31, 2024. </context> | us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
During the year ended December 31, 2023 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 236 million. The right of use assets obtained in exchange for new liabilities was $ 157 million for the year ended December 3 | text | 236 | monetaryItemType | text: <entity> 236 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 236 million. The right of use assets obtained in exchange for new liabilities was $ 157 million for the year ended December 3 </context> | us-gaap:OperatingLeasePayments |
During the year ended December 31, 2023 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 236 million. The right of use assets obtained in exchange for new liabilities was $ 157 million for the year ended December 3 | text | 157 | monetaryItemType | text: <entity> 157 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023 the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 236 million. The right of use assets obtained in exchange for new liabilities was $ 157 million for the year ended December 3 </context> | us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
The transaction met the requirements for sale-leaseback accounting. Accordingly, the Company recorded the sale of the properties, which resulted in a gain of approximately $ 44 million ($ 36 million, net of tax) recorded in selling, general and administrative expense in the Consolidated Statements of Comprehensive Income (Loss) for the twelve months ended December 31, 2022. The related land and buildings were removed from property, plant and equipment, net and the appropriate right-of-use asset and lease liabilities of approximately $ 32 million were recorded in the Consolidated Balance Sheets at the time of the transaction in the first quarter of 2022. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> The transaction met the requirements for sale-leaseback accounting. Accordingly, the Company recorded the sale of the properties, which resulted in a gain of approximately $ 44 million ($ 36 million, net of tax) recorded in selling, general and administrative expense in the Consolidated Statements of Comprehensive Income (Loss) for the twelve months ended December 31, 2022. The related land and buildings were removed from property, plant and equipment, net and the appropriate right-of-use asset and lease liabilities of approximately $ 32 million were recorded in the Consolidated Balance Sheets at the time of the transaction in the first quarter of 2022. </context> | us-gaap:SaleAndLeasebackTransactionGainLossNet |
Based on our interim quantitative impairment assessment as of June 30, 2022, the carrying value of the EMEA reporting unit exceeded its fair value and we recorded a goodwill impairment charge for the full amount of the goodwill's carrying value of $ 278 million during the second quarter of 2022. | text | 278 | monetaryItemType | text: <entity> 278 </entity> <entity type> monetaryItemType </entity type> <context> Based on our interim quantitative impairment assessment as of June 30, 2022, the carrying value of the EMEA reporting unit exceeded its fair value and we recorded a goodwill impairment charge for the full amount of the goodwill's carrying value of $ 278 million during the second quarter of 2022. </context> | us-gaap:GoodwillImpairmentLoss |
trademarks with carrying values of $ 1.3 billion and $ 640 million respectively. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> trademarks with carrying values of $ 1.3 billion and $ 640 million respectively. </context> | us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill |
trademarks with carrying values of $ 1.3 billion and $ 640 million respectively. | text | 640 | monetaryItemType | text: <entity> 640 </entity> <entity type> monetaryItemType </entity type> <context> trademarks with carrying values of $ 1.3 billion and $ 640 million respectively. </context> | us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill |
trademark exceeded its fair value by $ 381 million. Accordingly, an impairment charge of $ 381 million was recorded during the fourth quarter of 2024 and was recorded within Impairment of Goodwill and Other Intangibles . The brand has been unfavorably impacted as Whirlpool has refocused its brand strategy to the laundry category. There were no impairments identified for any other intangible assets. For additional information, see Note 10 to the Consolidated Financial Statements. | text | 381 | monetaryItemType | text: <entity> 381 </entity> <entity type> monetaryItemType </entity type> <context> trademark exceeded its fair value by $ 381 million. Accordingly, an impairment charge of $ 381 million was recorded during the fourth quarter of 2024 and was recorded within Impairment of Goodwill and Other Intangibles . The brand has been unfavorably impacted as Whirlpool has refocused its brand strategy to the laundry category. There were no impairments identified for any other intangible assets. For additional information, see Note 10 to the Consolidated Financial Statements. </context> | us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill |
We completed our annual impairment assessment for other intangible assets as of October 1, 2023. The Company elected to bypass the qualitative assessment and perform a quantitative assessment to evaluate certain indefinite-lived intangible assets. Based on the results of the quantitative assessment, we determined there was no impairment of intangible assets in 2023. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> We completed our annual impairment assessment for other intangible assets as of October 1, 2023. The Company elected to bypass the qualitative assessment and perform a quantitative assessment to evaluate certain indefinite-lived intangible assets. Based on the results of the quantitative assessment, we determined there was no impairment of intangible assets in 2023. </context> | us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill |
* tradenames, exceeded their fair value, and we recorded 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> * tradenames, exceeded their fair value, and we recorded an impairment charge of $ 106 million during the second quarter of 2022. </context> | us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill |
Amortization expense was $ 31 million, $ 40 million and $ 35 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense was $ 31 million, $ 40 million and $ 35 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense was $ 31 million, $ 40 million and $ 35 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense was $ 31 million, $ 40 million and $ 35 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense was $ 31 million, $ 40 million and $ 35 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense was $ 31 million, $ 40 million and $ 35 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. | text | 5.750 | percentItemType | text: <entity> 5.750 </entity> <entity type> percentItemType </entity type> <context> On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. | text | 101 | percentItemType | text: <entity> 101 </entity> <entity type> percentItemType </entity type> <context> On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. </context> | us-gaap:RepaymentsOfLongTermDebt |
On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. | text | 4.000 | percentItemType | text: <entity> 4.000 </entity> <entity type> percentItemType </entity type> <context> On February 22, 2024, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein, relating to the offering by the Company of $ 300 million aggregate principal amount of 5.750 % Senior Notes due 2034 (the "Notes"), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-276169), and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission (the "Commission"). On February 27, 2024, the Company closed its offering of the Notes. The Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the Notes, together with cash on hand, to repay, at maturity, all $ 300 million aggregate principal amount of the Company's 4.000 % Notes due March 1, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. </context> | us-gaap:DebtInstrumentFaceAmount |
On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. | text | 5.5 | percentItemType | text: <entity> 5.5 </entity> <entity type> percentItemType </entity type> <context> On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. | text | 101 | percentItemType | text: <entity> 101 </entity> <entity type> percentItemType </entity type> <context> On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. </context> | us-gaap:RepaymentsOfLongTermDebt |
On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. | text | 3.7 | percentItemType | text: <entity> 3.7 </entity> <entity type> percentItemType </entity type> <context> On February 22, 2023, the Company completed its offering of $ 300 million aggregate principal amount of 5.5 % Senior Notes due 2033 (the “2033 Notes”), in a public offering pursuant to a registration statement on Form S-3 (File No. 333-255372). The 2033 Notes were issued under an indenture (the “Indenture”), dated March 20, 2000, between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank, National Association and Citibank, N.A.), as trustee. The sale of the 2033 Notes was made pursuant to the terms of an Underwriting Agreement, dated February 14, 2023, with BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters in connection with the offering and sales of the 2033 Notes. The 2033 Notes contain covenants that limit the Company's ability to incur certain liens or enter into certain sale and lease-back transactions. In addition, if we experience a specific kind of change of control, we are required to make an offer to purchase all of the notes at a purchase price of 101 % of the principal amount thereof, plus accrued and unpaid interest. The Company used the net proceeds from the sale of the 2033 Notes to repay $ 250 million aggregate principal amount of 3.7 % Notes which were paid on March 1, 2023, and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On September 23, 2022, the Company entered into a Term Loan Agreement by and among the Company, Sumitomo Mitsui Banking Corporation (“SMBC”), as Administrative Agent and Syndication Agent and as lender, and certain other financial institutions as lenders. SMBC, BNP Paribas, ING Bank N.V., Dublin Branch, Mizuho Bank, Ltd., and Societe Generale acted as Joint Lead Arrangers and Syndication Agents; The Bank of Nova Scotia and Bank of China, Chicago Branch acted as Documentation Agents; and SMBC acted as Sole Bookrunner for the Term Loan Agreement. The Term Loan Agreement provides for an aggregate lender commitment of $ 2.5 billion. The Company utilized proceeds from the term loan facility on a delayed draw basis to fund a majority of the $ 3.0 billion purchase price consideration for the Company’s acquisition from Emerson Electric Co. (“Emerson”) of Emerson’s InSinkErator business, as set forth in the Asset and Stock Purchase Agreement between Whirlpool and Emerson dated as of August 7, 2022 (the “Acquisition Agreement”). | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> On September 23, 2022, the Company entered into a Term Loan Agreement by and among the Company, Sumitomo Mitsui Banking Corporation (“SMBC”), as Administrative Agent and Syndication Agent and as lender, and certain other financial institutions as lenders. SMBC, BNP Paribas, ING Bank N.V., Dublin Branch, Mizuho Bank, Ltd., and Societe Generale acted as Joint Lead Arrangers and Syndication Agents; The Bank of Nova Scotia and Bank of China, Chicago Branch acted as Documentation Agents; and SMBC acted as Sole Bookrunner for the Term Loan Agreement. The Term Loan Agreement provides for an aggregate lender commitment of $ 2.5 billion. The Company utilized proceeds from the term loan facility on a delayed draw basis to fund a majority of the $ 3.0 billion purchase price consideration for the Company’s acquisition from Emerson Electric Co. (“Emerson”) of Emerson’s InSinkErator business, as set forth in the Asset and Stock Purchase Agreement between Whirlpool and Emerson dated as of August 7, 2022 (the “Acquisition Agreement”). </context> | us-gaap:DebtInstrumentFaceAmount |
On September 23, 2022, the Company entered into a Term Loan Agreement by and among the Company, Sumitomo Mitsui Banking Corporation (“SMBC”), as Administrative Agent and Syndication Agent and as lender, and certain other financial institutions as lenders. SMBC, BNP Paribas, ING Bank N.V., Dublin Branch, Mizuho Bank, Ltd., and Societe Generale acted as Joint Lead Arrangers and Syndication Agents; The Bank of Nova Scotia and Bank of China, Chicago Branch acted as Documentation Agents; and SMBC acted as Sole Bookrunner for the Term Loan Agreement. The Term Loan Agreement provides for an aggregate lender commitment of $ 2.5 billion. The Company utilized proceeds from the term loan facility on a delayed draw basis to fund a majority of the $ 3.0 billion purchase price consideration for the Company’s acquisition from Emerson Electric Co. (“Emerson”) of Emerson’s InSinkErator business, as set forth in the Asset and Stock Purchase Agreement between Whirlpool and Emerson dated as of August 7, 2022 (the “Acquisition Agreement”). | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> On September 23, 2022, the Company entered into a Term Loan Agreement by and among the Company, Sumitomo Mitsui Banking Corporation (“SMBC”), as Administrative Agent and Syndication Agent and as lender, and certain other financial institutions as lenders. SMBC, BNP Paribas, ING Bank N.V., Dublin Branch, Mizuho Bank, Ltd., and Societe Generale acted as Joint Lead Arrangers and Syndication Agents; The Bank of Nova Scotia and Bank of China, Chicago Branch acted as Documentation Agents; and SMBC acted as Sole Bookrunner for the Term Loan Agreement. The Term Loan Agreement provides for an aggregate lender commitment of $ 2.5 billion. The Company utilized proceeds from the term loan facility on a delayed draw basis to fund a majority of the $ 3.0 billion purchase price consideration for the Company’s acquisition from Emerson Electric Co. (“Emerson”) of Emerson’s InSinkErator business, as set forth in the Asset and Stock Purchase Agreement between Whirlpool and Emerson dated as of August 7, 2022 (the “Acquisition Agreement”). </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. </context> | us-gaap:LongTermDebt |
The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. </context> | us-gaap:DebtInstrumentFaceAmount |
The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. </context> | us-gaap:RepaymentsOfLongTermDebt |
The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding amount for this term loan at December 31, 2024 is $ 1.5 billion, which is classified in noncurrent liabilities on the Consolidated Balance Sheet. The term loan facility is divided into two tranches: a $ 1 billion tranche with a maturity date of April 30, 2024, of which $ 500 million was repaid in December 2023 and the remaining $ 500 million was repaid in April 2024; and a $ 1.5 billion tranche with a maturity date of October 31, 2025. </context> | us-gaap:DebtInstrumentFaceAmount |
The interest and fee rates payable with respect to the term loan facility based on the Company's current debt rating are as follows: (1) the spread over SOFR for the 3-year tranche is 1.25 % (with a 0.10 % SOFR spread adjustment); and (2) the spread over prime for the 3-year tranche is zero , as the date hereof. | text | 1.25 | percentItemType | text: <entity> 1.25 </entity> <entity type> percentItemType </entity type> <context> The interest and fee rates payable with respect to the term loan facility based on the Company's current debt rating are as follows: (1) the spread over SOFR for the 3-year tranche is 1.25 % (with a 0.10 % SOFR spread adjustment); and (2) the spread over prime for the 3-year tranche is zero , as the date hereof. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The interest and fee rates payable with respect to the term loan facility based on the Company's current debt rating are as follows: (1) the spread over SOFR for the 3-year tranche is 1.25 % (with a 0.10 % SOFR spread adjustment); and (2) the spread over prime for the 3-year tranche is zero , as the date hereof. | text | zero | percentItemType | text: <entity> zero </entity> <entity type> percentItemType </entity type> <context> The interest and fee rates payable with respect to the term loan facility based on the Company's current debt rating are as follows: (1) the spread over SOFR for the 3-year tranche is 1.25 % (with a 0.10 % SOFR spread adjustment); and (2) the spread over prime for the 3-year tranche is zero , as the date hereof. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On May 3, 2022, the Company entered into a Fifth Amended and Restated Long-Term Credit Agreement (the “Amended Long-Term Facility”) by and among the Company, certain other borrowers, the lenders referred to therein, JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A., as Syndication Agent. BNP Paribas, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association acted as Documentation Agents. JPMorgan Chase Bank, N.A., BNP Paribas Securities Corp., Citibank, N.A., Mizuho Bank, Ltd. and Wells Fargo Securities, LLC acted as Joint Lead Arrangers and Joint Bookrunners for the Amended Long-Term Facility. Consistent with the Company’s prior credit agreement, the Amended Long-Term Facility provides an aggregate borrowing capacity of $ 3.5 billion. The facility has a maturity date of May 3, 2027, unless earlier terminated. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> On May 3, 2022, the Company entered into a Fifth Amended and Restated Long-Term Credit Agreement (the “Amended Long-Term Facility”) by and among the Company, certain other borrowers, the lenders referred to therein, JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A., as Syndication Agent. BNP Paribas, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association acted as Documentation Agents. JPMorgan Chase Bank, N.A., BNP Paribas Securities Corp., Citibank, N.A., Mizuho Bank, Ltd. and Wells Fargo Securities, LLC acted as Joint Lead Arrangers and Joint Bookrunners for the Amended Long-Term Facility. Consistent with the Company’s prior credit agreement, the Amended Long-Term Facility provides an aggregate borrowing capacity of $ 3.5 billion. The facility has a maturity date of May 3, 2027, unless earlier terminated. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The interest rate payable with respect to the Amended Long-Term Facility is based on the Company’s current debt rating, Term SOFR (Secured Overnight Financing Rate) + 1.25 % interest rate margin per annum (with a 0.10 % SOFR spread adjustment) or the Alternate Base Rate + 0.25 % per annum, at the Company’s election. | text | 1.25 | percentItemType | text: <entity> 1.25 </entity> <entity type> percentItemType </entity type> <context> The interest rate payable with respect to the Amended Long-Term Facility is based on the Company’s current debt rating, Term SOFR (Secured Overnight Financing Rate) + 1.25 % interest rate margin per annum (with a 0.10 % SOFR spread adjustment) or the Alternate Base Rate + 0.25 % per annum, at the Company’s election. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The interest rate payable with respect to the Amended Long-Term Facility is based on the Company’s current debt rating, Term SOFR (Secured Overnight Financing Rate) + 1.25 % interest rate margin per annum (with a 0.10 % SOFR spread adjustment) or the Alternate Base Rate + 0.25 % per annum, at the Company’s election. | text | 0.25 | percentItemType | text: <entity> 0.25 </entity> <entity type> percentItemType </entity type> <context> The interest rate payable with respect to the Amended Long-Term Facility is based on the Company’s current debt rating, Term SOFR (Secured Overnight Financing Rate) + 1.25 % interest rate margin per annum (with a 0.10 % SOFR spread adjustment) or the Alternate Base Rate + 0.25 % per annum, at the Company’s election. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In addition to the committed $ 3.5 billion Amended Long-Term Facility and the committed $ 1.5 billion term loan, we have committed credit facilities in | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the committed $ 3.5 billion Amended Long-Term Facility and the committed $ 1.5 billion term loan, we have committed credit facilities in </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
In addition to the committed $ 3.5 billion Amended Long-Term Facility and the committed $ 1.5 billion term loan, we have committed credit facilities in | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the committed $ 3.5 billion Amended Long-Term Facility and the committed $ 1.5 billion term loan, we have committed credit facilities in </context> | us-gaap:DebtInstrumentFaceAmount |
t December 31, 2024 and $ 218 million at December 31, 2023, based on exchange rates then in effect, respectively. These committed credit facilities have maturities that run through 2025. | text | 218 | monetaryItemType | text: <entity> 218 </entity> <entity type> monetaryItemType </entity type> <context> t December 31, 2024 and $ 218 million at December 31, 2023, based on exchange rates then in effect, respectively. These committed credit facilities have maturities that run through 2025. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
We had $ 1.5 billion and $ 2.0 billion drawn on the committed credit facilities (representing amounts outstanding on the term loan facility) at December 31, 2024 and December 31, 2023, respectively. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 1.5 billion and $ 2.0 billion drawn on the committed credit facilities (representing amounts outstanding on the term loan facility) at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:LineOfCredit |
We had $ 1.5 billion and $ 2.0 billion drawn on the committed credit facilities (representing amounts outstanding on the term loan facility) at December 31, 2024 and December 31, 2023, respectively. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 1.5 billion and $ 2.0 billion drawn on the committed credit facilities (representing amounts outstanding on the term loan facility) at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:LineOfCredit |
credits were recognized for inputs to certain manufacturing and other business processes. These assessments are being challenged at the administrative and judicial levels in Brazil. The total amount of outstanding tax assessments received for credits recognized for PIS/COFINS inputs is approximately 397 million Brazilian reais (approximately $ 64 million at December 31, 2024). Based on the opinion of our tax and legal advisors, we have no t accrued any amount related to these assessments. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> credits were recognized for inputs to certain manufacturing and other business processes. These assessments are being challenged at the administrative and judicial levels in Brazil. The total amount of outstanding tax assessments received for credits recognized for PIS/COFINS inputs is approximately 397 million Brazilian reais (approximately $ 64 million at December 31, 2024). Based on the opinion of our tax and legal advisors, we have no t accrued any amount related to these assessments. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
In 2013, the French Competition Authority ("FCA") commenced an investigation of appliance manufacturers and retailers in France, including Whirlpool and Indesit. The FCA investigation was split into two parts, and in December 2018, we finalized a settlement with the FCA on the first part of the investigation. The second part of the FCA investigation, focused primarily on manufacturer interactions with retailers, has concluded. The Company agreed to a preliminary settlement range with the FCA and recorded a charge of approximately $ 69 million in the first half of 2023. | text | 69 | monetaryItemType | text: <entity> 69 </entity> <entity type> monetaryItemType </entity type> <context> In 2013, the French Competition Authority ("FCA") commenced an investigation of appliance manufacturers and retailers in France, including Whirlpool and Indesit. The FCA investigation was split into two parts, and in December 2018, we finalized a settlement with the FCA on the first part of the investigation. The second part of the FCA investigation, focused primarily on manufacturer interactions with retailers, has concluded. The Company agreed to a preliminary settlement range with the FCA and recorded a charge of approximately $ 69 million in the first half of 2023. </context> | us-gaap:LossContingencyAccrualProvision |
On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. </context> | us-gaap:LitigationSettlementAmountAwardedToOtherParty |
On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. | text | 46 | monetaryItemType | text: <entity> 46 </entity> <entity type> monetaryItemType </entity type> <context> On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. </context> | us-gaap:LitigationSettlementAmountAwardedToOtherParty |
On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. </context> | us-gaap:LitigationSettlementAmountAwardedToOtherParty |
On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. </context> | us-gaap:GuaranteeObligationsCurrentCarryingValue |
On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> On December 19, 2024, the FCA's college issued its final decision, setting the final fine amount at $ 75 million (based on exchange rates at December 31, 2024), with $ 46 million attributable to Whirlpool's France business and $ 29 million attributable to Indesit's France business. The Company expects to pay Beko Europe approximately $ 52 million in the first half of 2025 to satisfy indemnification obligations related to this fine, with the remainder satisfied by cash provided in connection with transaction closing. Under the terms of a settlement with Indesit's former owners, the Company expects to receive approximately $ 9 million out of escrow from the former owners in the first half of 2025. The Company recorded a nominal amount in the fourth quarter of 2024 related to the decision, representing final fine amounts above the 2023 reserve offset by the escrow amounts from Indesit's former owners. </context> | us-gaap:ProceedsFromLegalSettlements |
Whirlpool's acquisition of Indesit in 2014. We are fully cooperating with the investigating authorities. Whirlpool was named as a defendant in a product liability suit in Pennsylvania federal court related to this matter. The federal court dismissed the case with prejudice in September 2020 and the dismissal was affirmed on appeal in July 2022. Plaintiffs filed a petition with the U.S. Supreme Court in January 2023, which was subsequently denied. In December 2020, lawsuits related to Grenfell Tower were filed in the U.K. against approximately 20 defendants, including Whirlpool Corporation and certain Whirlpool subsidiaries. In the fourth quarter of 2022, we accrued an immaterial amount related to these claims in our financial statements, and in 2024 we reached agreement with our insurers regarding coverage for all likely future financial obligations arising out of this incident. | text | 20 | integerItemType | text: <entity> 20 </entity> <entity type> integerItemType </entity type> <context> Whirlpool's acquisition of Indesit in 2014. We are fully cooperating with the investigating authorities. Whirlpool was named as a defendant in a product liability suit in Pennsylvania federal court related to this matter. The federal court dismissed the case with prejudice in September 2020 and the dismissal was affirmed on appeal in July 2022. Plaintiffs filed a petition with the U.S. Supreme Court in January 2023, which was subsequently denied. In December 2020, lawsuits related to Grenfell Tower were filed in the U.K. against approximately 20 defendants, including Whirlpool Corporation and certain Whirlpool subsidiaries. In the fourth quarter of 2022, we accrued an immaterial amount related to these claims in our financial statements, and in 2024 we reached agreement with our insurers regarding coverage for all likely future financial obligations arising out of this incident. </context> | us-gaap:LossContingencyNumberOfDefendants |
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 | 981 | monetaryItemType | text: <entity> 981 </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 | 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 |
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