| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
20,419 | 21,037 | 21,253 | 20,718 | 20,891 | 19,872 | 18,769 | 18,143 | 18,666 | 18,366 | 17,099 | 18,907 |
Expenses | |||||||||||
Cost of products sold | |||||||||||
16,886 | 17,500 | 17,651 | 17,026 | 17,231 | 16,477 | 15,471 | 15,250 | 16,089 | 15,652 | 14,713 | 16,383 |
Gross margin | |||||||||||
3,533 | 3,537 | 3,602 | 3,692 | 3,660 | 3,395 | 3,298 | 2,893 | 2,577 | 2,714 | 2,386 | 2,524 |
Selling, general and administrative | |||||||||||
2,142 | 2,189 | 2,112 | 2,080 | 2,143 | 2,038 | 1,828 | 1,757 | 1,621 | 1,604 | 1,544 | 1,798 |
Intangible amortization | |||||||||||
69 | 75 | 79 | 71 | 74 | 33 | 25 | 30 | 28 | 28 | 28 | 28 |
Restructuring costs | |||||||||||
188 | 247 | 275 | 173 | 201 | 136 | 196 | 237 | 136 | 74 | 126 | 149 |
Impairment of goodwill and other intangibles | |||||||||||
0 | 747 | 0 | 0 | - | - | - | - | - | - | - | - |
(Gain) loss on sale and disposal of businesses | |||||||||||
437 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Operating profit | |||||||||||
1,571 | 279 | 1,136 | 1,368 | 1,242 | 1,188 | 1,249 | 869 | 792 | 1,008 | 688 | 549 |
Other (income) expense | |||||||||||
Interest and sundry (income) expense | |||||||||||
168 | -108 | -87 | -93 | -46 | -142 | -155 | -112 | -607 | -197 | -176 | -100 |
Interest expense | |||||||||||
187 | 192 | 162 | 161 | 165 | 165 | 177 | 199 | 213 | 225 | 219 | 203 |
Earnings before income taxes | |||||||||||
1,552 | -21 | 887 | 1,114 | 1,031 | 881 | 917 | 558 | -28 | 586 | 293 | 246 |
Income tax expense (benefit) | |||||||||||
354 | 138 | 550 | 186 | 209 | 189 | 68 | 133 | -436 | -64 | -61 | -201 |
Earnings before equity earnings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 447 |
Net earnings | |||||||||||
1,198 | -159 | 337 | 928 | 822 | 692 | 849 | 425 | 408 | 650 | 354 | 447 |
Less: Net earnings (loss) available to noncontrolling interests | |||||||||||
14 | 24 | -13 | 40 | 39 | 42 | 22 | 24 | 18 | 31 | 26 | 29 |
Net earnings available to Whirlpool | |||||||||||
1,184 | -183 | 350 | 888 | 783 | 650 | 827 | 401 | 390 | 619 | 328 | 418 |
Per share of common stock | |||||||||||
Basic net earnings (loss) available to Whirlpool (USD per share) | |||||||||||
18.60 | -2.72 | 4.78 | 11.67 | 9.95 | 8.30 | 10.42 | 5.14 | 5.07 | 8.12 | 4.39 | 5.57 |
Diluted net earnings (loss) available to Whirlpool (USD per share) | |||||||||||
18.45 | -2.72 | 4.70 | 11.50 | 9.83 | 8.17 | 10.24 | 5.06 | 4.99 | 7.97 | 4.34 | 5.50 |
Dividends declared (USD per share) | |||||||||||
- | - | - | - | - | - | - | - | - | 1.72 | 1.72 | 1.72 |
Weighted-average shares outstanding (in millions) | |||||||||||
Basic (in shares) | |||||||||||
63 | 67 | 73 | 76 | 78 | 78 | 79 | 78 | 76 | 76 | 74 | 75 |
Diluted (in shares) | |||||||||||
64 | 67 | 74 | 77 | 79 | 79 | 80 | 79 | 78 | 77 | 75 | 76 |