(Millions of dollars) |
Year Ended December 31, |
2016 |
2015 |
2014 |
Net earnings |
928 |
822 |
692 |
Other comprehensive income (loss), before tax: |
|
|
|
Foreign currency translation adjustments |
(30) |
(432) |
(392) |
Derivative instruments: |
Net gain (loss) arising during period |
106 |
(25) |
10 |
Less: reclassification adjustment for gain (loss) included in net earnings |
35 |
(2) |
11 |
Derivative instruments, net |
71 |
(23) |
(1) |
Marketable securities: |
Net gain (loss) arising during period |
(2) |
3 |
— |
Marketable securities, net |
(2) |
3 |
— |
Defined benefit pension and postretirement plans: |
Prior service (cost) credit arising during period |
30 |
(5) |
(11) |
Net gain (loss) arising during period |
(139) |
(55) |
(242) |
Less: amortization of prior service credit (cost) and actuarial (loss) |
(39) |
19 |
(20) |
Defined benefit pension and postretirement plans, net: |
(70) |
(79) |
(233) |
Other comprehensive income (loss), before tax |
(31) |
(531) |
(626) |
Income tax benefit (expense) related to items of other comprehensive income (loss) |
(37) |
30 |
80 |
Other comprehensive income (loss), net of tax |
(68) |
(501) |
(546) |
Comprehensive income |
860 |
321 |
146 |
Less: comprehensive income, available to noncontrolling interests |
40 |
30 |
38 |
Comprehensive income available to Whirlpool |
820 |
291 |
108 |