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Stockholders' Equity
 12 Months Ended
Dec. 31, 2011
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
(8)STOCKHOLDERS’ EQUITY

Comprehensive Income
Comprehensive income primarily includes (1) our reported net earnings, (2) foreign currency translation, (3) changes in the effective portion of our open derivative contracts designated as cash flow hedges, (4) changes in our unrecognized pension and other postretirement benefits and (5) changes in fair value of our available for sale marketable securities.
The following table shows the components of accumulated other comprehensive income (loss) available to Whirlpool at December 31, 2009, 2010, and 2011, and the activity for the years then ended:
 
Millions of dollars
 
Foreign
Currency
 
Derivative
Instruments
 
Pension and
Postretirement
Liability
 
Marketable
Securities
 
Total
December 31, 2008
 
$
(525
)
 
$
(120
)
 
$
(621
)
 
$
7

 
$
(1,259
)
Unrealized gain
 
333

 
266

 
—

 
1

 
600

Unrealized actuarial loss and prior service credit (cost)
 
—

 
—

 
(109
)
 
—

 
(109
)
Tax effect
 
(23
)
 
(86
)
 
27

 
—

 
(82
)
Other comprehensive income (loss), net of tax
 
310

 
180

 
(82
)
 
1

 
409

Less: Other comprehensive income available to noncontrolling interests
 
11

 
7

 
—

 
—

 
18

Other comprehensive income (loss) available to Whirlpool
 
299

 
173

 
(82
)
 
1

 
391

December 31, 2009
 
$
(226
)
 
$
53

 
$
(703
)
 
$
8

 
$
(868
)
Unrealized gain (loss)
 
(59
)
 
23

 
—

 
(10
)
 
(46
)
Unrealized actuarial gain (loss) and prior service credit (cost)
 
—

 
—

 
24

 
—

 
24

Tax effect
 
36

 
(7
)
 
(29
)
 
—

 
—

Other comprehensive income (loss), net of tax
 
(23
)
 
16

 
(5
)
 
(10
)
 
(22
)
Less: Other comprehensive income available to noncontrolling interests
 
3

 
—

 
—

 
—

 
3

Other comprehensive income (loss) available to Whirlpool
 
(26
)
 
16

 
(5
)
 
(10
)
 
(25
)
December 31, 2010
 
$
(252
)
 
$
69

 
$
(708
)
 
$
(2
)
 
$
(893
)
Unrealized gain (loss)
 
(86
)
 
(147
)
 
—

 
(4
)
 
(237
)
Unrealized actuarial gain (loss) and prior service credit (cost)
 
—

 
—

 
(177
)
 
—

 
(177
)
Tax effect
 
(36
)
 
47

 
65

 
—

 
76

Other comprehensive income (loss), net of tax
 
(122
)
 
(100
)
 
(112
)
 
(4
)
 
(338
)
Less: Other comprehensive income (loss) available to noncontrolling interests
 
(2
)
 
(3
)
 
—

 
—

 
(5
)
Other comprehensive income (loss) available to Whirlpool
 
(120
)
 
(97
)
 
(112
)
 
(4
)
 
(333
)
December 31, 2011
 
$
(372
)
 
$
(28
)
 
$
(820
)
 
$
(6
)
 
$
(1,226
)

Net Earnings per Share
Diluted net earnings per share of common stock include the dilutive effect of stock options and other share-based compensation plans. Basic and diluted net earnings per share of common stock were calculated as follows:
Millions of dollars and shares
 
2011
 
2010
 
2009
Numerator for basic and diluted earnings per share – net earnings available to Whirlpool
 
$
390

 
$
619

 
$
328

Denominator for basic earnings per share – weighted-average shares
 
76.8

 
76.2

 
74.6

Effect of dilutive securities – stock-based compensation
 
1.3

 
1.4

 
1.0

Denominator for diluted earnings per share – adjusted weighted-average shares
 
78.1

 
77.6

 
75.6

Anti-dilutive stock options/awards excluded from earnings per share
 
2.1

 
1.6

 
3.0



Noncontrolling Interests
During the fourth quarter of 2009, our Latin America region entered into a definitive agreement to purchase 1.8% of the outstanding noncontrolling interest in Brasmotor S.A. for $12 million. This transaction closed on January 15, 2010 and raised our ownership interest in Brasmotor S.A. to 95.6%.
Repurchase Program
On April 23, 2008, our Board of Directors authorized a share repurchase program of up to $500 million. Share repurchases are made from time to time on the open market as conditions warrant. There have been no repurchases since 2008. At December 31, 2011, there was $350 million remaining authorized under this program.