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 2018 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

$2,000

Ohio

U.S. House

Michael Bennet

$2,500

Colorado

U.S. Senate

Mike Bishop

$1,000

Michigan

U.S. House

Rod Blum

$5,000

Iowa

U.S. House

Lisa Blunt Rochester

$1,000

Delaware

U.S. House

Sherrod Brown

$8,000

Ohio

U.S. Senate

Tom Carper

$2,500

Delaware

U.S. Senate

Bob Casey

$5,000

Pennsylvania

U.S. Senate

Catherine Cortez Masto

$5,000

Nevada

U.S. Senate

Carlos Curbelo

$1,000

Florida

U.S. House

Warren Davidson

$1,000

Ohio

U.S. House

Suzan DelBene

$1,500

Washington

U.S. House

Chuck Fleischmann

$3,000

Tennessee

U.S. House

Jim Inhofe

$1,000

Oklahoma

U.S. Senate

Johnny Isakson

$2,000

Georgia

U.S. Senate

Jim Jordan

$2,500

Ohio

U.S. House

Joe Kennedy

$1,500

Massachusetts

U.S. House

Ron Kind

$1,500

Wisconsin

U.S. House

James Lankford

$1,000

Oklahoma

U.S. Senate

Bob Latta

$1,500

Ohio

U.S. House

Dave Loebsack

$1,500

Iowa

U.S. House

Ben Ray Lujan

$1,500

New Mexico

U.S. House

Bob Menendez

$2,500

New Jersey

U.S. Senate

Paul Mitchell

$1,000

Michigan

U.S. House

Richard Neal

$1,500

Massachusetts

U.S. House

Frank Pallone

$1,500

New Jersey

U.S. House

Bill Pascrell

$1,500

New Jersey

U.S. House

Terri Sewell

$1,500

Alabama

U.S. House

Debbie Stabenow

$4,000

Michigan

U.S. Senate

Mike Thompson

$1,500

California

U.S. House

Thom Tillis

$1,000

North Carolina

U.S. Senate

Fred Upton

$2,500

Michigan

U.S. House

Tim Walberg

$1,000

Michigan

U.S. House

Mark Warner

$2,500

Virginia

U.S. Senate

Peter Welch

$1,500

Vermont

U.S. House

FEDERAL PAC

Blackburn Victory Fund

$5,000

Tennessee

America Works PAC

$5,000

Ohio

Promoting Our Republican Team PAC

$1,500

Ohio

HOOPS PAC

$2,000

Oregon

Scalise Leadership Fund

$5,000

Louisiana

Great Lakes PAC

$2,500

Michigan

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 2018.

Mike DeWine

Ryan Smith

Pat Grassley

Ohio Manufacturers Association PAC

$7,000

$500

$500

$1,000

Ohio

Ohio

Iowa

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)

12.4%

National Association of Manufacturers (NAM)

20%

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)

85%

Business Leaders for Michigan (BLM)

100%

Council for Global Immigration

100%

Council on State Taxation

50%

Ohio Manufacturers Association (OMA)

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 2018.