Whirlpool Corp Files 2024 Annual Report

Ticker: WHR-PA · Form: 10-K · Filed: Feb 13, 2025 · CIK: 106640

Whirlpool Corp /De/ 10-K Filing Summary
FieldDetail
CompanyWhirlpool Corp /De/ (WHR-PA)
Form Type10-K
Filed DateFeb 13, 2025
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1, $17 billion, $1 billion, $384 million, $500 million
Sentimentneutral

Sentiment: neutral

Topics: annual-report, sec-filing, compliance

TL;DR

WHIRLPOOL (WHR) filed its 2024 10-K. All good on filings.

AI Summary

Whirlpool Corporation, incorporated in Delaware, filed its annual report for the fiscal year ended December 31, 2024. The company's common stock is registered on the Chicago Stock Exchange and the New York Stock Exchange under the ticker symbol WHR. Whirlpool is subject to the reporting requirements of the Securities Exchange Act of 1934 and has filed all required reports for the preceding 12 months.

Why It Matters

This filing provides a comprehensive overview of Whirlpool's financial performance and operational status for the past fiscal year, offering insights for investors and stakeholders.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Players & Entities

  • WHIRLPOOL CORP (company) — Registrant
  • Delaware (location) — State of Incorporation
  • 2000 North M-63 (address) — Principal executive offices
  • Benton Harbor (location) — Principal executive offices
  • Michigan (location) — Principal executive offices
  • 49022-2692 (zip_code) — Principal executive offices
  • ( 269 ) 923-5000 (phone_number) — Registrant's telephone number
  • WHR (ticker) — Common stock trading symbol
  • Chicago Stock Exchange (exchange) — Exchange for common stock
  • New York Stock Exchange (exchange) — Exchange for common stock

FAQ

What is the primary purpose of this document?

This document is the annual report (Form 10-K) for Whirlpool Corporation for the fiscal year ended December 31, 2024, filed with the SEC.

What are the trading symbols and exchanges for Whirlpool Corporation's common stock?

Whirlpool Corporation's common stock trades under the symbol WHR on the Chicago Stock Exchange and the New York Stock Exchange.

In which state was Whirlpool Corporation incorporated?

Whirlpool Corporation was incorporated in Delaware.

What is the address of Whirlpool Corporation's principal executive offices?

The principal executive offices are located at 2000 North M-63, Benton Harbor, Michigan, 49022-2692.

Has Whirlpool Corporation met its filing requirements for the past 12 months?

Yes, the filing indicates that Whirlpool Corporation has filed all reports required by Section 13 or 15(d) of the Exchange Act during the preceding 12 months.

Filing Stats: 4,419 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2025-02-13 13:24:46

Key Financial Figures

  • $1 — ich registered Common stock, par value $1 per share WHR Chicago Stock Exchange an
  • $17 billion — nvolvement. Whirlpool had approximately $17 billion in annual net sales and 44,000 employee
  • $1 billion — ry, with multiple brands with more than $1 billion in revenue. The Company is driving purp
  • $384 million — 69th year of quarterly dividends, with $384 million in dividends paid. We continue to prior
  • $500 million — ize debt repayments, with approximately $500 million of debt repayment in the second quarter

Filing Documents

Risk Factors

Item 1A. Risk Factors 15

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 29

Cybersecurity

Item 1C. Cybersecurity 29

Properties

Item 2. Properties 31

Legal Proceedings

Item 3. Legal Proceedings 32

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 32 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33

[Reserved]

Item 6. [Reserved] 33

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 34

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 58

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 59

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 117

Controls and Procedures

Item 9A. Controls and Procedures 117

Other Information

Item 9B. Other Information 117

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 117 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 118

Executive Compensation

Item 11. Executive Compensation 119

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 119

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 119

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 119 PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 120

Form 10-K Summary

Item 16. Form 10-K Summary 120

SIGNATURES

SIGNATURES 128 The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf. Certain statements contained in this annual report, including those within the forward-looking perspective section within the Management's Discussion and Analysis section, do not relate strictly to historical or current facts and may contain forward-looking statements that reflect our current views with respect to future events and financial performance. Such statements can be identified by the use of terminology such as "may," "could," "will," "should," "possible," "plan," "predict," "forecast," "potential," "anticipate," "estimate," "expect," "project," "intend," "believe," "may impact," "on track," "guarantee," "seek," and the negative of these words and words and terms of similar substance. These forward-looking statements should be considered with the understanding that such statements involve a variety of risks and uncertainties, known and unknown including those identified below under "Item 1A. Risk Factors," and elsewhere herein. Unless otherwise indicated, the terms "Whirlpool," "the Company," "we," "us," and "our" refer to Whirlpool Corporation and its consolidated subsidiaries.

BUSINESS

ITEM 1. BUSINESS Our Company Improving life at home has been at the heart of our business for 113 years – it is why we exist and why we are passionate about what we do. Whirlpool Corporation ("Whirlpool"), committed to being the best kitchen and laundry company, in constant pursuit of improving life at home, was incorporated in 1955 under the laws of Delaware and was founded in 1911. Whirlpool manufactures products in six countries and markets products in nearly every country around the world. We have received worldwide recognition for accomplishments in a variety of business and social efforts, including leadership, diversity, innovative product design, business ethics, environmental sustainability, social responsibility and community involvement. Whirlpool had approximately $17 billion in annual net sales and 44,000 employees in 2024. We conduct our business through four operating segments: Major Domestic Appliances ("MDA") North America; MDA Latin America; MDA Asia; and Small Domestic Appliances ("SDA") Global. The MDA Europe segment, which is presented within our results through the first quarter of 2024, was deconsolidated as of April 1, 2024. For additional information, see Note 15 and Note 16 to the Consolidated Financial Statements. As used herein, and except where the context otherwise requires, "Whirlpool," "the Company," "we," "us," and "our" refer to Whirlpool Corporation and its consolidated subsidiaries. Our Strategic Architecture Our strategic architecture is the foundational component that drives our shareholder value creation strategy. Below are the key components of our strategic architecture for 2024. 3 Portfolio Transformation Whirlpool Corporation is committed to delivering significant, long-term value to both our consumers and our shareholders. In 2024, we completed a transaction to contribute our European major domestic appliance business into a newly formed company with Arcelik. Additionally, we sold our Middle East and North Af

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