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Consolidating Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet |
| Condensed Consolidating Balance Sheet
| March 31, 2017
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 118 |  |  | $ | 25 |  |  | $ | 818 |  |  | $ | — |  |  | $ | 961 |
Accounts Receivable, net | 629 |  |  | 119 |  |  | 1,522 |  |  | — |  |  | 2,270 |
Accounts Receivable From Affiliates | — |  |  | 232 |  |  | — |  |  | (232 | ) |  | — |
Inventories | 1,569 |  |  | 34 |  |  | 1,264 |  |  | (22 | ) |  | 2,845 |
Prepaid Expenses and Other Current Assets | 85 |  |  | 1 |  |  | 161 |  |  | 2 |  |  | 249 |
Total Current Assets | 2,401 |  |  | 411 |  |  | 3,765 |  |  | (252 | ) |  | 6,325 |
Goodwill | 24 |  |  | — |  |  | 399 |  |  | 122 |  |  | 545 |
Intangible Assets | 117 |  |  | — |  |  | 19 |  |  | — |  |  | 136 |
Deferred Income Taxes | 1,962 |  |  | 31 |  |  | 378 |  |  | — |  |  | 2,371 |
Other Assets | 223 |  |  | 53 |  |  | 402 |  |  | 4 |  |  | 682 |
Investments in Subsidiaries | 4,527 |  |  | 562 |  |  | — |  |  | (5,089 | ) |  | — |
Property, Plant and Equipment, net | 2,490 |  |  | 343 |  |  | 4,328 |  |  | (26 | ) |  | 7,135 |
Total Assets | $ | 11,744 |  |  | $ | 1,400 |  |  | $ | 9,291 |  |  | $ | (5,241 | ) |  | $ | 17,194 |
Liabilities: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable-Trade | $ | 896 |  |  | $ | 114 |  |  | $ | 1,621 |  |  | $ | — |  |  | $ | 2,631 |
Accounts Payable to Affiliates | 66 |  |  | — |  |  | 166 |  |  | (232 | ) |  | — |
Compensation and Benefits | 336 |  |  | 16 |  |  | 216 |  |  | — |  |  | 568 |
Other Current Liabilities | 386 |  |  | 2 |  |  | 654 |  |  | (2 | ) |  | 1,040 |
Notes Payable and Overdrafts | — |  |  | — |  |  | 217 |  |  | — |  |  | 217 |
Long Term Debt and Capital Leases Due Within One Year | 5 |  |  | — |  |  | 453 |  |  | 1 |  |  | 459 |
Total Current Liabilities | 1,689 |  |  | 132 |  |  | 3,327 |  |  | (233 | ) |  | 4,915 |
Long Term Debt and Capital Leases | 4,290 |  |  | — |  |  | 967 |  |  | — |  |  | 5,257 |
Compensation and Benefits | 622 |  |  | 98 |  |  | 672 |  |  | — |  |  | 1,392 |
Deferred Income Taxes | — |  |  | 1 |  |  | 85 |  |  | — |  |  | 86 |
Other Long Term Liabilities | 410 |  |  | 11 |  |  | 162 |  |  | 1 |  |  | 584 |
Total Liabilities | 7,011 |  |  | 242 |  |  | 5,213 |  |  | (232 | ) |  | 12,234 |
Commitments and Contingent Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Goodyear Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Common Stock | 252 |  |  | — |  |  | — |  |  | — |  |  | 252 |
Other Equity | 4,481 |  |  | 1,158 |  |  | 3,851 |  |  | (5,009 | ) |  | 4,481 |
Goodyear Shareholders’ Equity | 4,733 |  |  | 1,158 |  |  | 3,851 |  |  | (5,009 | ) |  | 4,733 |
Minority Shareholders’ Equity — Nonredeemable | — |  |  | — |  |  | 227 |  |  | — |  |  | 227 |
Total Shareholders’ Equity | 4,733 |  |  | 1,158 |  |  | 4,078 |  |  | (5,009 | ) |  | 4,960 |
Total Liabilities and Shareholders’ Equity | $ | 11,744 |  |  | $ | 1,400 |  |  | $ | 9,291 |  |  | $ | (5,241 | ) |  | $ | 17,194 |
| Condensed Consolidating Balance Sheet
| December 31, 2016
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 188 |  |  | $ | 55 |  |  | $ | 889 |  |  | $ | — |  |  | $ | 1,132 |
Accounts Receivable, net | 589 |  |  | 106 |  |  | 1,074 |  |  | — |  |  | 1,769 |
Accounts Receivable From Affiliates | — |  |  | 277 |  |  | 270 |  |  | (547 | ) |  | — |
Inventories | 1,443 |  |  | 25 |  |  | 1,178 |  |  | (19 | ) |  | 2,627 |
Prepaid Expenses and Other Current Assets | 57 |  |  | 3 |  |  | 130 |  |  | — |  |  | 190 |
Total Current Assets | 2,277 |  |  | 466 |  |  | 3,541 |  |  | (566 | ) |  | 5,718 |
Goodwill | 24 |  |  | — |  |  | 391 |  |  | 120 |  |  | 535 |
Intangible Assets | 118 |  |  | — |  |  | 18 |  |  | — |  |  | 136 |
Deferred Income Taxes | 2,010 |  |  | 31 |  |  | 373 |  |  | — |  |  | 2,414 |
Other Assets | 223 |  |  | 53 |  |  | 387 |  |  | 5 |  |  | 668 |
Investments in Subsidiaries | 4,344 |  |  | 541 |  |  | — |  |  | (4,885 | ) |  | — |
Property, Plant and Equipment, net | 2,481 |  |  | 308 |  |  | 4,279 |  |  | (28 | ) |  | 7,040 |
Total Assets | $ | 11,477 |  |  | $ | 1,399 |  |  | $ | 8,989 |  |  | $ | (5,354 | ) |  | $ | 16,511 |
Liabilities: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable-Trade | $ | 905 |  |  | $ | 142 |  |  | $ | 1,542 |  |  | $ | — |  |  | $ | 2,589 |
Accounts Payable to Affiliates | 547 |  |  | — |  |  | — |  |  | (547 | ) |  | — |
Compensation and Benefits | 365 |  |  | 15 |  |  | 204 |  |  | — |  |  | 584 |
Other Current Liabilities | 355 |  |  | — |  |  | 611 |  |  | (3 | ) |  | 963 |
Notes Payable and Overdrafts | — |  |  | — |  |  | 245 |  |  | — |  |  | 245 |
Long Term Debt and Capital Leases Due Within One Year | 6 |  |  | — |  |  | 430 |  |  | — |  |  | 436 |
Total Current Liabilities | 2,178 |  |  | 157 |  |  | 3,032 |  |  | (550 | ) |  | 4,817 |
Long Term Debt and Capital Leases | 3,685 |  |  | — |  |  | 1,113 |  |  | — |  |  | 4,798 |
Compensation and Benefits | 682 |  |  | 98 |  |  | 680 |  |  | — |  |  | 1,460 |
Deferred Income Taxes | — |  |  | 1 |  |  | 84 |  |  | — |  |  | 85 |
Other Long Term Liabilities | 425 |  |  | 12 |  |  | 188 |  |  | 1 |  |  | 626 |
Total Liabilities | 6,970 |  |  | 268 |  |  | 5,097 |  |  | (549 | ) |  | 11,786 |
Commitments and Contingent Liabilities |  |  |  |  |  |  |  |  |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Goodyear Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Common Stock | 252 |  |  | — |  |  | — |  |  | — |  |  | 252 |
Other Equity | 4,255 |  |  | 1,131 |  |  | 3,674 |  |  | (4,805 | ) |  | 4,255 |
Goodyear Shareholders’ Equity | 4,507 |  |  | 1,131 |  |  | 3,674 |  |  | (4,805 | ) |  | 4,507 |
Minority Shareholders’ Equity — Nonredeemable | — |  |  | — |  |  | 218 |  |  | — |  |  | 218 |
Total Shareholders’ Equity | 4,507 |  |  | 1,131 |  |  | 3,892 |  |  | (4,805 | ) |  | 4,725 |
Total Liabilities and Shareholders’ Equity | $ | 11,477 |  |  | $ | 1,399 |  |  | $ | 8,989 |  |  | $ | (5,354 | ) |  | $ | 16,511 |
Consolidating Statements of Operations |
| Consolidating Statements of Operations
| Three Months Ended March 31, 2017
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Net Sales | $ | 1,767 |  |  | $ | 299 |  |  | $ | 2,302 |  |  | $ | (669 | ) |  | $ | 3,699 |
Cost of Goods Sold | 1,380 |  |  | 274 |  |  | 1,796 |  |  | (685 | ) |  | 2,765 |
Selling, Administrative and General Expense | 259 |  |  | 9 |  |  | 312 |  |  | (1 | ) |  | 579 |
Rationalizations | 1 |  |  | — |  |  | 28 |  |  | — |  |  | 29 |
Interest Expense | 65 |  |  | 2 |  |  | 31 |  |  | (11 | ) |  | 87 |
Other (Income) Expense | (19 | ) |  | 2 |  |  | (4 | ) |  | 21 |  |  | — |
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries | 81 |  |  | 12 |  |  | 139 |  |  | 7 |  |  | 239 |
United States and Foreign Taxes | 43 |  |  | 3 |  |  | 29 |  |  | (5 | ) |  | 70 |
Equity in Earnings of Subsidiaries | 128 |  |  | 15 |  |  | — |  |  | (143 | ) |  | — |
Net Income (Loss) | 166 |  |  | 24 |  |  | 110 |  |  | (131 | ) |  | 169 |
Less: Minority Shareholders’ Net Income | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Goodyear Net Income (Loss) | $ | 166 |  |  | $ | 24 |  |  | $ | 107 |  |  | $ | (131 | ) |  | $ | 166 |
Comprehensive Income (Loss) | $ | 261 |  |  | $ | 28 |  |  | $ | 194 |  |  | $ | (213 | ) |  | $ | 270 |
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Goodyear Comprehensive Income (Loss) | $ | 261 |  |  | $ | 28 |  |  | $ | 185 |  |  | $ | (213 | ) |  | $ | 261 |
| Consolidating Statements of Operations
| Three Months Ended March 31, 2016
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Net Sales | $ | 1,787 |  |  | $ | 314 |  |  | $ | 2,256 |  |  | $ | (666 | ) |  | $ | 3,691 |
Cost of Goods Sold | 1,330 |  |  | 295 |  |  | 1,777 |  |  | (701 | ) |  | 2,701 |
Selling, Administrative and General Expense | 270 |  |  | 10 |  |  | 336 |  |  | (1 | ) |  | 615 |
Rationalizations | 2 |  |  | — |  |  | 9 |  |  | — |  |  | 11 |
Interest Expense | 68 |  |  | 3 |  |  | 31 |  |  | (11 | ) |  | 91 |
Other (Income) Expense | (4 | ) |  | 1 |  |  | (17 | ) |  | 26 |  |  | 6 |
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries | 121 |  |  | 5 |  |  | 120 |  |  | 21 |  |  | 267 |
United States and Foreign Taxes | 56 |  |  | (3 | ) |  | 26 |  |  | (1 | ) |  | 78 |
Equity in Earnings of Subsidiaries | 119 |  |  | 20 |  |  | — |  |  | (139 | ) |  | — |
Net Income (Loss) | 184 |  |  | 28 |  |  | 94 |  |  | (117 | ) |  | 189 |
Less: Minority Shareholders’ Net Income | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Goodyear Net Income (Loss) | $ | 184 |  |  | $ | 28 |  |  | $ | 89 |  |  | $ | (117 | ) |  | $ | 184 |
Comprehensive Income (Loss) | $ | 244 |  |  | $ | 13 |  |  | $ | 155 |  |  | $ | (156 | ) |  | $ | 256 |
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Goodyear Comprehensive Income (Loss) | $ | 244 |  |  | $ | 13 |  |  | $ | 143 |  |  | $ | (156 | ) |  | $ | 244 |
Condensed Consolidating Statement of Cash Flows |
| Condensed Consolidating Statement of Cash Flows
| Three Months Ended March 31, 2017
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Total Cash Flows from Operating Activities | $ | (81 | ) |  | $ | (4 | ) |  | $ | (191 | ) |  | $ | (10 | ) |  | $ | (286 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | (113 | ) |  | (49 | ) |  | (109 | ) |  | — |  |  | (271 | )
Asset Dispositions | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Short Term Securities Acquired | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Short Term Securities Redeemed | — |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Capital Contributions and Loans Incurred | (23 | ) |  | — |  |  | (30 | ) |  | 53 |  |  | — |
Capital Redemptions and Loans Paid | — |  |  | — |  |  | 448 |  |  | (448 | ) |  | — |
Total Cash Flows from Investing Activities | (135 | ) |  | (49 | ) |  | 309 |  |  | (395 | ) |  | (270 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Short Term Debt and Overdrafts Incurred | — |  |  | — |  |  | 51 |  |  | — |  |  | 51 |
Short Term Debt and Overdrafts Paid | — |  |  | — |  |  | (82 | ) |  | — |  |  | (82 | )
Long Term Debt Incurred | 1,270 |  |  | — |  |  | 568 |  |  | — |  |  | 1,838 |
Long Term Debt Paid | (655 | ) |  | — |  |  | (714 | ) |  | — |  |  | (1,369 | )
Common Stock Issued | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Common Stock Repurchased | (25 | ) |  | — |  |  | — |  |  | — |  |  | (25 | )
Common Stock Dividends Paid | (25 | ) |  | — |  |  | — |  |  | — |  |  | (25 | )
Capital Contributions and Loans Incurred | 30 |  |  | 23 |  |  | — |  |  | (53 | ) |  | — |
Capital Redemptions and Loans Paid | (448 | ) |  | — |  |  | — |  |  | 448 |  |  | — |
Intercompany Dividends Paid | — |  |  | — |  |  | (10 | ) |  | 10 |  |  | — |
Debt Related Costs and Other Transactions | 12 |  |  | — |  |  | (11 | ) |  | — |  |  | 1 |
Total Cash Flows from Financing Activities | 168 |  |  | 23 |  |  | (198 | ) |  | 405 |  |  | 398 |
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Net Change in Cash, Cash Equivalents and Restricted Cash | (48 | ) |  | (30 | ) |  | (60 | ) |  | — |  |  | (138 | )
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period | 210 |  |  | 55 |  |  | 924 |  |  | — |  |  | 1,189 |
Cash, Cash Equivalents and Restricted Cash at End of the Period | $ | 162 |  |  | $ | 25 |  |  | $ | 864 |  |  | $ | — |  |  | $ | 1,051 |
| Condensed Consolidating Statement of Cash Flows
| Three Months Ended March 31, 2016
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Total Cash Flows from Operating Activities | $ | (315 | ) |  | $ | 2 |  |  | $ | (43 | ) |  | $ | (16 | ) |  | $ | (372 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | (116 | ) |  | (16 | ) |  | (123 | ) |  | 2 |  |  | (253 | )
Asset Dispositions | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Short Term Securities Acquired | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Capital Contributions and Loans Incurred | (34 | ) |  | — |  |  | (100 | ) |  | 134 |  |  | — |
Capital Redemptions and Loans Paid | 25 |  |  | — |  |  | — |  |  | (25 | ) |  | — |
Total Cash Flows from Investing Activities | (125 | ) |  | (16 | ) |  | (234 | ) |  | 111 |  |  | (264 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Short Term Debt and Overdrafts Incurred | — |  |  | — |  |  | 26 |  |  | — |  |  | 26 |
Short Term Debt and Overdrafts Paid | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Long Term Debt Incurred | 320 |  |  | — |  |  | 765 |  |  | — |  |  | 1,085 |
Long Term Debt Paid | (51 | ) |  | — |  |  | (771 | ) |  | — |  |  | (822 | )
Common Stock Issued | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Common Stock Repurchased | (50 | ) |  | — |  |  | — |  |  | — |  |  | (50 | )
Common Stock Dividends Paid | (19 | ) |  | — |  |  | — |  |  | — |  |  | (19 | )
Capital Contributions and Loans Incurred | 100 |  |  | — |  |  | 34 |  |  | (134 | ) |  | — |
Capital Redemptions and Loans Paid | — |  |  | (25 | ) |  | — |  |  | 25 |  |  | — |
Intercompany Dividends Paid | — |  |  | — |  |  | (11 | ) |  | 11 |  |  | — |
Transactions with Minority Interests in Subsidiaries | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Debt Related Costs and Other Transactions | (1 | ) |  | — |  |  | (12 | ) |  | 3 |  |  | (10 | )
Total Cash Flows from Financing Activities | 301 |  |  | (25 | ) |  | 23 |  |  | (95 | ) |  | 204 |
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | — |  |  | 2 |  |  | 26 |  |  | — |  |  | 28 |
Net Change in Cash, Cash Equivalents and Restricted Cash | (139 | ) |  | (37 | ) |  | (228 | ) |  | — |  |  | (404 | )
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period | 361 |  |  | 67 |  |  | 1,074 |  |  | — |  |  | 1,502 |
Cash, Cash Equivalents and Restricted Cash at End of the Period | $ | 222 |  |  | $ | 30 |  |  | $ | 846 |  |  | $ | — |  |  | $ | 1,098 |

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