Financial Information
Financial Summary
The following is a summary of Whirlpool Corporation's financial condition and results of operations for 2013, 2012 and 2011. For a more complete understanding of our financial condition and results, this summary should be read together with Whirlpool Corporation's Financial Statements and related notes, and "Management's Discussion and Analysis." This information appears in the Company's 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission, which is available on the company's website at investors.whirlpoolcorp.com/sec.cfm.
Forward-looking Perspective
We currently estimate earnings per diluted share and industry demand for 2014 to be within the following ranges:
(Millions of dollars, except per share data)
2014
Current Outlook
Estimated GAAP earnings per diluted share,
for the year ending December 31, 2014
Brazilian tax credits (BEFIEX)
Restructuring expense
Investment expense
$11.05-$11.55
$ (0.21)
$ 0.95
$ 0.21
Estimated ongoing business operations earnings per diluted share
$12.00-$12.50
Industry demand
North America
Latin America
EMEA
Asia
5%-7%
Flat
0%-2%
0%-3%
For the full-year 2014, we expect to generate free cash flow of approximately $700 million, including restructuring cash outlays of up to $150 million, capital spending of $625 million to $675 million and U.S. pension contributions of approximately $160 million.
For more information, see document titled "GAAP Reconciliations" at http://investors.WhirlpoolCorp.com/annuals.cfm.