CONFORMED COPY
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
And Regulation FD
Date of Report (Date of earliest event reported) January 16, 2003
WHIRLPOOL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-3932 38-1490038
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
2000 M63 North, Benton Harbor, Michigan 49022-2692
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(Address of principal executive officers) (Zip Code)
(269)-923-5000
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Registrant's telephone number, including area code
Item 5. - Other Events
On January 16, 2003, the Company announced that it will recognize a
fourth quarter 2002 non-cash charge of approximately $68 million, or $43 million
after tax, related to aircraft lease assets in discontinued operations. The
fourth quarter charge is estimated at approximately $0.62 per diluted share and
will have no impact on the Company's appliance business.
In addition, Whirlpool will accelerate the payment of up to $49 million
in long-term deferred income taxes related to the lease assets. For 2003, the
payments will be sourced from the company's cash flow, but will have no impact
on earnings.
Item 7. - Financial Statements and Exhibits
Copy of press release dated January 16, 2003.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WHIRLPOOL CORPORATION
Date: January 17, 2003 By: /s/ Robert T. Kenagy
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Name: Robert T. Kenagy
Title: Corporate Secretary