Whirlpool
25 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.
Customers
Lowe's
concentrated in · approximately 44% and 38% of our consolidated accounts receivablenamed as a riskLowe's represented approximately 44% and 38% of our consolidated accounts receivable as of December 31, 2025 and 2024, respectively.Business (Item 1)
Lowe's
earns from · approximately 15%, 13%, and 13% of our consolidated net sales in 2025, 2024 and 2023Sales to Lowe's represented approximately 15%, 13%, and 13% of our consolidated net sales in 2025, 2024 and 2023, respectively.Business (Item 1)
Suppliers
Single-source suppliers of proprietary components
depends onnamed as a riskWe would be unable to obtain these proprietary components for an indeterminate period of time if these single-source suppliers were to cease or interrupt production or otherwise fail to supply these components to us as agreed, which could adversely affect our product sales and operating results.Risk factors (Item 1A)
Third-party business services provider
depends onnamed as a riskThe reliance on external providers may increase the risk of service disruptions, data breaches, or non-compliance with regulatory requirements.Risk factors (Item 1A)
Partners and platforms
Arcelik
As part of the transaction with Arcelik involving the contribution of our European major domestic appliance business, we agreed to a multi-year licensing of the Whirlpool brand to Beko Europe for sales in Europe.Business (Item 1)
Other companies
Moody's
Ba2named as a riskDuring the second quarter of 2025, Moody’s downgraded our senior unsecured debt rating to Ba1, with a negative outlook; in February 2026, Moody's downgraded our senior unsecured debt to Ba2 with a negative outlook.Risk factors (Item 1A)
Beko Europe
25% interestnamed as a riskIn April 2024, we closed the sale of our MENA major domestic appliance business and also contributed our European major domestic appliance business to Beko Europe, while retaining a 25% interest in Beko Europe.Risk factors (Item 1A)
Whirlpool of India Ltd
approximately 40%named as a riskIn November 2025 we completed another market transaction to further reduce our ownership in Whirlpool India to approximately 40%.Business (Item 1)
JennAir trade name
$106 million impairmentnamed as a riskIn 2025, we recorded a $106 million impairment for the JennAir trade name, and in 2024, we recorded a $381 million impairment for the Maytag trade name.Risk factors (Item 1A)
Whirlpool China
named as a riskWe have also experienced and may in the future experience entity governance and management difficulties where we hold only a minority, as is the case with Whirlpool India, Beko Europe and Whirlpool China, or simple majority equity ownership position.Risk factors (Item 1A)
Places
United States
operates in · approximately 80% of the major appliances we sell in the U.S. are produced in the U.S.We are well positioned for success in the new tariff environment, as approximately 80% of the major appliances we sell in the U.S. are produced in the U.S. and approximately 96% of the steel we use in the U.S. is domestically sourced.Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Canada
exposed to its pricenamed as a riskAt December 31, 2025 and 2024, our most significant currency exposures are in Canada, Brazil, and Europe.Market risk (Item 7A)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Brazil
subject tonamed as a riskFor example, we are currently disputing certain income and indirect tax related assessments issued by the Brazilian authorities; and we are disputing certain income and indirect tax assessments in various legal proceedings globally.Risk factors (Item 1A)
Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more
Argentina
operates innamed as a riskPolitical, legal, and economic instability and uncertainty, including the ongoing conflict between Russia and Ukraine, Israel and Palestine, China and Taiwan tensions, the Red Sea conflict and its impact on shipping and logistics and other global conflicts, including tensions between China and the United States, economic instability in Argentina, as well as pandemic-related uncertainties in the countries in which we operate;Risk factors (Item 1A)
Also named by BALL, C, ECL, FISV, GMED, INGR, JNJ, KMB and 6 more
Commodities and inputs
Steel
exposed to its price · approximately 96% of the steel we use in the U.S. is domestically sourcednamed as a riskThe sources and prices of the primary materials (such as steel, resins, and base metals) used to manufacture our products and components containing those materials are susceptible to significant global and regional price fluctuations or availability due to inflation, supply and demand trends, transportation and fuel costs, port and shipping capacity, labor costs or disputes, government regulations, including increased homeland security requirements, and tariffs, changes in currency exchange rates and interest rates, price controls, the economic climate, severe weather, climate change, pandemics, and other unforeseen circumstances.Risk factors (Item 1A)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Commodity prices (hedged commodities)
exposed to its price · approximately $26 millionnamed as a riskAt December 31, 2025, a 10% favorable or unfavorable shift in commodity prices would have resulted in an incremental gain of approximately $26 million or loss of approximately $26 million, respectively, related to these contracts.Market risk (Item 7A)
Semiconductors
depends onnamed as a riskFor example, we have in the past and may in the future be significantly impacted by supply chain issues, due to factors largely beyond our control, including a global shortage of certain components, such as select semiconductors, a strain on raw materials and input cost inflation.Risk factors (Item 1A)
Also named by AAPL, AIOT, ARW, AXON, CARR, CAT, CIEN, CSCO and 16 more
Resins
exposed to its pricenamed as a riskThe sources and prices of the primary materials (such as steel, resins, and base metals) used to manufacture our products and components containing those materials are susceptible to significant global and regional price fluctuations or availability due to inflation, supply and demand trends, transportation and fuel costs, port and shipping capacity, labor costs or disputes, government regulations, including increased homeland security requirements, and tariffs, changes in currency exchange rates and interest rates, price controls, the economic climate, severe weather, climate change, pandemics, and other unforeseen circumstances.Risk factors (Item 1A)
Also named by BAX, BDX, CL, FBIN, ITW, JOUT, KVUE, PG and 2 more
Laws and programs
ERISA
subject to · approximately $0.2 billionnamed as a riskThe Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code, as amended, govern the funding obligations for our U.S. pension plans, which are our principal pension plans.Risk factors (Item 1A)
Science Based Targets initiative (SBTi)
65% reduction in emissionsnamed as a riskThese targets could prove more costly or difficult to achieve than we expect, and we may be unable to achieve them at all.Risk factors (Item 1A)
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskChanges in diplomatic and trade relationships, including sanctions, export controls, and related regulations resulting from the current political situation in countries in which we do business, and potential changes to the United States-Mexico-Canada Agreement (USMCA) and other trade agreements;Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more
U.S. tariffs on steel, aluminum and copper
subject tonamed as a riskThe U.S. government continues to implement and adjust significant trade policy and tariff actions, including but not limited to tariffs on imported steel, aluminum, and copper products, multiple tariffs on certain imports from China, tariffs on certain imports from Canada and Mexico, and country-specific reciprocal tariffs.Risk factors (Item 1A)
Natural gas cooking appliance regulations
subject tonamed as a riskVarious municipal, state, and federal regulators have discussed, proposed, or enacted new regulations or bans on cooking appliances that utilize natural gas, which would impose transition costs and impact our product mix and product offerings, among other impacts.Business (Item 1)
Appliance energy efficiency standards
subject tonamed as a riskCompliance with these various standards, as they become effective, will increase costs or require some product redesign.Business (Item 1)