U.S. Political Contributions

U.S. POLITICAL CONTRIBUTIONS, DISCLOSURE AND TRADE ASSOCIATIONS

Whirlpool Corporation believes that active participation and engagement in the public policy arena is an important part of being a responsible corporate citizen, vital to the democratic process and important to our company’s success. We are committed to engaging in a dialogue with policy makers on a wide range of public policy issues important to our company, including trade, taxes, energy, the environment, affordable housing, and intellectual property. Our business is subject to legislative and regulatory requirements at the federal, state and local levels and changes to rules can have a significant impact on our shareholders, customers, employees and communities. Our U.S. federal and state government affairs team represents our company on important policy issues before Congress, the Administration, regulators, and state and local governments across the United States. In addition to our company’s advocacy efforts, Whirlpool participates in the political process through the Whirlpool Corporation Political Action Committee (WCPAC) and through corporate political contributions in those jurisdictions where it is permissible to do so. Whirlpool maintains comprehensive compliance procedures to ensure that its activities are conducted in accordance with all relevant laws governing political contributions and lobbying activities. Additionally, as part of its oversight role, the Board of Directors annually reviews the company’s Code of Ethics, which addresses the company’s policies and practices related to political contributions. Whirlpool quarterly files reports with the Secretary of the U.S. Senate and the Clerk of the U.S. House of Representatives detailing its lobbying activities. Copies of these filings are available at www.senate.gov/legislative/Public_Disclosure/LDA_reports.htm.

WHIRLPOOL CORPORATION POLITICAL CONTRIBUTIONS

Federal U.S. law prohibits companies from contributing to candidates for federal offices, but many states allow corporate contributions to state and local candidates, committees, political organizations and ballot issue campaigns. As described in our Code of Ethics, neither Whirlpool nor its representatives may make political party or candidate contributions on behalf of the company except as specifically authorized by the Whirlpool Law and Government Relations Departments, and as permitted under local law. Any such contributions with company funds require prior approval from the Whirlpool Law Department. Federal election law allows corporations to establish Political Action Committees (PACs), which may make contributions, to federal candidates, state candidates (as permitted by law) and other committees. The WCPAC is supported solely by voluntary contributions from Whirlpool employees. WCPAC is regulated by the Federal Election Commission (FEC). WCPAC files regular reports with the FEC and the relevant state election commission on its receipts and disbursements. Reports filed with the FEC are available to the public at www.fec.gov. Decisions regarding WCPAC contributions are made by the board of directors of the WCPAC, which is comprised of eleven Whirlpool employees. Corporate political contributions are determined by Whirlpool management responsible for the company’s government affairs. WCPAC uses six criteria to evaluate a candidate before PAC dollars are contributed:

  • Pro-business philosophy
  • A favorable voting record or position on key issues of importance to Whirlpool
  • Constituent relationship with Whirlpool
  • Campaign finance need
  • Chances of winning and closeness of race
  • Committee affiliation

WCPAC made the following contributions in 2017 to candidates for U.S. federal office. For additional information on Whirlpool contributions visit www.fec.gov.

Candidate/Committee Name

Amount

Office

State

John Barrasso

Jack Bergman

Mike Bishop

Rod Blum

Kevin Brady

Tom Carper

Bob Corker

Mike Crapo

Chuck Fleischmann

Orrin Hatch

George Holding

Richard Hudson

Bob Latta

Dave Reichert

John Shimkus

Debbie Stabenow

Steve Stivers

Pat Tiberi

Greg Walden

Roger Wicker

$1,000

$2,500

$500

$1,000

$5,000

$2,500

$2,500

$1,000

$1,000

$2,500

$2,000

$2,500

$4,500

$1,000

$2,000

$3,500

$1,000

$1,000

$1,500

$1,000

Wyoming

Michigan

Michigan

Iowa

Texas

Delaware

Tennessee

Idaho

Tennessee

Utah

North Carolina

North Carolina

Ohio

Washington

Illinois

Michigan

Ohio

Ohio

Oregon

Mississippi

U.S. Senate

U.S. House

U.S. House

U.S. House

U.S. House

U.S. Senate

U.S. Senate

U.S. Senate

U.S. House

U.S. Senate

U.S. House

U.S. House

U.S. House

U.S. House

U.S. House

U.S. Senate

U.S. House

U.S. House

U.S. House

U.S. Senate

FEDERAL PAC

Battleground PAC

$1,000

North Carolina

TENNPAC

$2,500

Tennessee

Making America Prosperous PAC

$2,500

Virginia

Promoting Our Republican Team PAC

$2,000

Ohio

Truth is Markets Work Fund

$1,000

Virginia

STATE AND LOCAL CONTRIBUTIONS

At times Whirlpool Corporation contributes, under legal guidelines, to local and state candidates or ballot issues that have an impact on the company or are deemed in the best interest of the local communities in which we operate. These contributions are in keeping with the values of our company and are consistent with our political policies.

WCPAC made the following contributions to candidates for U.S. state office in 2017.

Mike DeWine

Larry Obhof

Gayle Manning

Mark Romanchuck

OMA PAC

$5,000

$1,000

$1,000

$1,000

$1,000

Ohio

Ohio

Ohio

Ohio

Ohio

TRADE & PROFESSIONAL ASSOCIATIONS

Whirlpool belongs to a number of trade and professional associations at the national, state and local level. Our company’s position on public policy issues are often communicated through these organizations, which enables us to reach government officials more efficiently and in concert with industry partners. We do not always agree with the positions taken by these trade associations and we regularly communicate our specific position on a wide range of issues and policies. Whirlpool receives, for income tax purposes, information from trade associations and tax-exempt organizations regarding the amount of our funds that are used for lobbying expenses and political expenditures according to IRS statutes. The following associations notified us that they spent either (a) $25,000 or more of the dues we paid; or (b) 10% or more of the dues we paid, on nondeductible lobbying or political expenditures.

TRADE ASSOCIATIONS

PERCENTAGE OF DUES USED FOR LOBBYING / POLITICAL EXPENDITURES

Alliance to Save Energy (ASE)

3%

Association of Home Appliance Manufacturers (AHAM)

5.8%

National Association of Manufacturers (NAM)

26%

Iowa Association of Business & Industry (ABI)

25%

Michigan Chamber of Commerce

30%

Ohio Chamber of Commerce

30%

Tennessee Chamber of Commerce & Industry

30%

The Business Roundtable (BRT)

44%

The Alliance for Responsible Atmospheric Policy (ARAP)

50%

Tulsa Regional Chamber

1%

Business Leaders for Michigan (BLM)

80%

Council for Global Immigration

100%

Council on State Taxation

50%

CONTRIBUTIONS TO 527 ORGANIZATIONS

Whirlpool Corporation occasionally supports organizations operating under section 527 of the Internal Revenue Code. 527 organizations are U.S. tax-exempt organizations created primarily to influence the nomination, election, appointment or defeat of candidates for public office.

Whirlpool Corporation made no contributions to 527 organizations in 2017.