Whirlpool 2003 Annual Report Download - page 33

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31
Report of Ernst & Young LLP, Independent Auditors
on Condensed Financial Information
Management Letter of Responsibility
The Stockholders and Board of Directors
Whirlpool Corporation
Benton Harbor, Michigan
We have audited, in accordance with auditing standards generally accepted in the United States, the Consolidated Balance
Sheets of Whirlpool Corporation as of December 31, 2003 and 2002, and the related Consolidated Statements of Operations,
Stockholders’ Equity and Cash Flows for each of the three years in the period ended December 31, 2003 (not presented
separately herein); and in our report dated February 3, 2004, we expressed an unqualified opinion on those Consolidated
Financial Statements that included an explanatory paragraph that discussed changes in accounting principles related to
goodwill and derivatives.
In our opinion, the information set forth in the accompanying Consolidated Condensed Financial Statements is fairly stated,
in all material respects, in relation to the Consolidated Financial Statements from which it has been derived.
Chicago, Illinois
February 3, 2004
The Consolidated Condensed Financial Statements in this Summary Annual Report were derived from the Consolidated Financial
Statements that appear in the Financial Supplement to the 2003 Summary Annual Report and to the 2004 Proxy Statement.
Management of Whirlpool Corporation is responsible for the accuracy and completeness of the information in this Summary
Annual Report. The financial and operating information was prepared from the Company’s accounting records, books and
accounts which, in reasonable detail, accurately and fairly reflect all material transactions. The Company maintains a system of
internal controls designed to provide reasonable assurance that the Company’s accounting records, books and accounts are
accurate and that transactions are properly recorded in the Company’s books and records, and the Company’s assets are
maintained and accounted for, in accordance with management’s authorizations. The Company’s accounting records, policies
and internal controls are regularly reviewed by an internal audit staff.
The Audit Committee of the Board of Directors appointed Ernst & Young LLP, independent auditors, to audit the
Consolidated Financial Statements included in the Financial Supplement to the 2003 Summary Annual Report and to the 2004
Proxy Statement. Their report on the Consolidated Financial Statements is included in the Financial Supplement. Their report on
the Consolidated Condensed Financial Statements appears above.
R. Stephen Barrett, Jr.
Executive Vice President and Chief Financial Officer
February 26, 2004