---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-008823"
form_type: "8-K"
ticker: "WHR"
cik: "0000106640"
company_name: "WHIRLPOOL CORP /DE/"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:29:29.932947+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Whirlpool contributes European MDA business to JV with Arçelik; preliminary 2022 GAAP loss of $27.50/share

## Summary
- Contribution agreement: Whirlpool contributes European major domestic appliance biz to NewCo for 25% stake; Arçelik contributes its biz for 75%. Close expected H2 2023.
- Separately agreed in principle to sell Middle East & Africa business to Arçelik.
- Preliminary FY2022: net sales ~$19.7B, GAAP net loss ~$1.535B (incl. ~$1.5B non-cash loss on disposal); ongoing EPS ~$19.25.
- Transaction expected to deliver >$750M net present value of future cash flows and increase annual free cash flow by ~$250M post-close.
- 2023 outlook: supply constraints improving; similar operational performance to 2022; $500M net cost takeout; tax rate 14-16%.

## SEC filing metadata
- accession: 0001193125-23-008823
- form_type: 8-K
- ticker: WHR
- cik: 0000106640
- company_name: WHIRLPOOL CORP /DE/
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106640/000119312523008823/0001193125-23-008823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106640/000119312523008823/d438278d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-008823
- JSON: https://secwatch.observer/filing/0001193125-23-008823.json
- Plain text: https://secwatch.observer/filing/0001193125-23-008823.txt

## Key facts
- Earnings Releases
  WHIRLPOOL CORP /DE/ reported full-year ended December 31, 2022 results: revenue ~$ 19,700, net income ~$ (1,535), EPS ~$ (27.50).
  - Period: full-year ended December 31, 2022
  - Revenue: ~$ 19,700
  - Net income: ~$ (1,535)
  - EPS: ~$ (27.50)
  - Result: preliminary results
  source text: Whirlpool Corporation announced its expectation for select preliminary unaudited results for its full-year ended December 31, 2022: Estimated Select Preliminary Full-Year 2022 Results and 2021 Comparison 2022 (Unaudited) 2021 Change Net Sales ($M) ~$ 19,700 $ 21,985 (10 )% GAAP net earnings (loss) ($M) ~$ (1,535 ) $ 1,783 nm Ongoing EBIT (2) ($M) ~$ 1,335 $ 2,379 (43 )% GAAP earnings (loss) per share ~$ (27.50 ) $ 28.36 nm Ongoing earnings (loss) per diluted share (2) ~$ 19.25 $ 26.59 (28 )%
  evidence_url: https://www.sec.gov/Archives/edgar/data/106640/000119312523008823/0001193125-23-008823-index.htm
- Material Agreements
  WHIRLPOOL CORP /DE/ entered into Contribution Agreement with Arçelik A.Ş (effective 2023-01-17).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Arçelik A.Ş
  - Effective: 2023-01-17
  source text: Whirlpool Corporation (NYSE: WHR) today announced the completion of the strategic review of its Europe, Middle East and Africa (EMEA) business and entered into a definitive contribution agreement with Arçelik A.Ş (“Arcelik”) which significantly accelerates Whirlpool’s portfolio transformation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106640/000119312523008823/0001193125-23-008823-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.