Whirlpool 2015 Annual Report Download - page 43

This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries (“Whirlpool”)
that speak only as of this date. Whirlpool disclaims any obligation to update these statements. Forward-looking statements in
this document may include, but are not limited to, statements regarding expected earnings per share, cash flow, productivity
and raw material prices. Many risks, contingencies and uncertainties could cause actual results to differ materially from
Whirlpool’s forward-looking statements. Among these factors are: (1) intense competition in the home appliance industry
reflecting the impact of both new and established global competitors, including Asian and European manufacturers; (2) acquisition
and investment-related risk, including risk associated with our acquisitions of Hefei Sanyo and Indesit, and risk associated with
our increased presence in emerging markets; (3) Whirlpool’s ability to continue its relationship with significant trade customers
and the ability of these trade customers to maintain or increase market share; (4) risks related to our international operations,
including changes in foreign regulations, regulatory compliance and disruptions arising from natural disasters or terrorist
attacks; (5) fluctuations in the cost of key materials (including steel, plastic, resins, copper and aluminum) and components
and the ability of Whirlpool to offset cost increases; (6) the ability of Whirlpool to manage foreign currency fluctuations;
(7) litigation, tax, and legal compliance risk and costs, especially costs which may be materially different from the amount we
expect to incur or have accrued for; (8) the effects and costs of governmental investigations or related actions by third parties;
(9) changes in the legal and regulatory environment including environmental and health and safety regulations; (10) Whirlpool’s
ability to maintain its reputation and brand image; (11) the ability of Whirlpool to achieve its business plans, productivity
improvements, cost control, price increases, leveraging of its global operating platform, and acceleration of the rate of innovation;
(12) information technology system failures and data security breaches; (13) product liability and product recall costs;
(14) inventory and other asset risk; (15) the uncertain global economy and changes in economic conditions which affect demand
for our products; (16) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient
quantities to Whirlpool in a timely and cost-effective manner; (17) our ability to attract, develop and retain executives and
other qualified employees; (18) the impact of labor relations; (19) Whirlpool’s ability to obtain and protect intellectual property
rights; and (20) health care cost trends, regulatory changes and variations between results and estimates that could increase
future funding obligations for pension and postretirement benefit plans.
We undertake no obligation to update any forward-looking statement, and investors are advised to review disclosures in our
filings with the SEC. It is not possible to foresee or identify all factors that could cause actual results to differ from expected
or historic results. Therefore, investors should not consider the foregoing factors to be an exhaustive statement of all risks,
uncertainties, or factors that could potentially cause actual results to differ from forward-looking statements.
Additional information concerning these and other factors can be found in Whirlpool Corporation’s filings with the Securities
and Exchange Commission, including the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K.
FINANCIAL SUMMARY
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