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 2019 to candidates for U.S. federal office. For additional information on Whirlpool contributions visit www.fec.gov.

Candidate/Committee Name

Amount

Office

State

Troy Balderson

$1,000

Ohio

U.S. House

Joyce Beatty

$1,000

Ohio

U.S. House

Marsha Blackburn

$5,000

Tennessee

U.S. Senate

Roy Blunt

$1,000

Missouri

U.S. Senate

Sherrod Brown

$5,000

Ohio

U.S. Senate

Kathy Castor

$5,000

Florida

U.S. House

Steve Chabot

$2,000

Ohio

U.S. House

Liz Cheney

$1,000

Wyoming

U.S. House

Catherine Cortez Masto

$5,000

Nevada

U.S. Senate

Warren Davidson

$2,000

Ohio

U.S. House

Tom Emmer

$3,000

Minnesota

U.S. House

Chuck Fleischmann

$2,000

Tennessee

U.S. House

Marcia Fudge

$1,000

Ohio

U.S. House

Ruben Gallego

$5,000

Arizona

U.S. House

Bob Gibbs

$1,000

Ohio

U.S. House

Anthony Gonzalez

$2,000

Ohio

U.S. House

Lindsey Graham

$1,000

South Carolina

U.S. Senate

Chuck Grassley

$2,500

Iowa

U.S. Senate

George Holding

$1,000

North Carolina

U.S. House

Bill Johnson

$1,000

Ohio

U.S. House

Jim Jordan

$5,000

Ohio

U.S. House

Dave Joyce

$1,000

Ohio

U.S. House

Tim Kaine

$1,000

Virginia

U.S. Senate

Marcy Kaptur

$1,000

Ohio

U.S. House

Bob Latta

$2,000

Ohio

U.S. House

Billy Long

$10,000

Missouri

U.S. House

Doris Matsui

$4,000

California

U.S. House

Frank Pallone

$10,000

New Jersey

U.S. House

Gary Peters

$7,000

Michigan

U.S. Senate

Rob Portman

$2,500

Ohio

U.S. Senate

Jacky Rosen

$2,500

Nevada

U.S. Senate

Tim Ryan

$1,000

Ohio

U.S. House

Steve Scalise

$2,500

Louisiana

U.S. House

Debbie Stabenow

$5,000

Michigan

U.S. Senate

Steve Stivers

$1,000

Ohio

U.S. House

Mike Turner

$1,000

Ohio

U.S. House

Fred Upton

$7,500

Michigan

U.S. House

Tim Walberg

$1,000

Michigan

U.S. House

Brad Wenstrup

$5,000

Ohio

U.S. House

Roger Wicker

$5,000

MississippI

U.S. Senate

FEDERAL PAC

Athena PAC

$5,000

Florida

BILLY PAC

$5,000

Missouri

Buckeye Victory Fund

$2,500

Ohio

Ernst Victory

$2,500

Iowa

McCarthy Victory Fund

$2,500

Louisiana

Moderate Democrats PAC

$2,500

PORT PAC

$2,500

Ohio

Shore PAC

$5,000

Ohio

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 2019.

Matt Huffman for Ohio

$1,000

Ohio

Ohio Manufacturers Association

$2,000

Ohio

Romanchuk for Ohio

$1,000

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

Association of Home Appliance Manufacturers (AHAM)

12.4%

The Business Roundtable (BRT)

40%

Iowa Association of Business and Industry

30%

National Association of Manufacturers (NAM)

20%

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 2019.