Strategy

In April, we announced that we are accelerating our multi-year journey of transforming Whirlpool Corporation into a higher-growth and higher-margin business through our three strong pillars:

1. Strengthen and refocus our major appliance business.
2. Grow our small domestic appliance business.
3. Grow our commercial appliance business.

Progress

Over our history, we have taken actions to be the best kitchen and laundry company. Most recently, we added InSinkErator brand to our already strong brand portfolio and agreed to contribute our European major domestic appliance business into a newly formed entity. We expect these actions to deliver a structurally improved business alongside continuing our transformation into a higher-growth, higher-margin business.