XML 49 R37.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Consolidating Financial Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet |
| Condensed Consolidating Balance Sheet
| March 31, 2018
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 125 |  |  | $ | 26 |  |  | $ | 686 |  |  | $ | — |  |  | $ | 837 |
Accounts Receivable, net | 628 |  |  | 126 |  |  | 1,755 |  |  | — |  |  | 2,509 |
Accounts Receivable From Affiliates | — |  |  | 264 |  |  | 32 |  |  | (296 | ) |  | — |
Inventories | 1,505 |  |  | 53 |  |  | 1,364 |  |  | (27 | ) |  | 2,895 |
Prepaid Expenses and Other Current Assets | 82 |  |  | 1 |  |  | 162 |  |  | 2 |  |  | 247 |
Total Current Assets | 2,340 |  |  | 470 |  |  | 3,999 |  |  | (321 | ) |  | 6,488 |
Goodwill | 24 |  |  | 1 |  |  | 453 |  |  | 128 |  |  | 606 |
Intangible Assets | 119 |  |  | — |  |  | 21 |  |  | — |  |  | 140 |
Deferred Income Taxes | 1,552 |  |  | 33 |  |  | 451 |  |  | 3 |  |  | 2,039 |
Other Assets | 216 |  |  | 50 |  |  | 539 |  |  | — |  |  | 805 |
Investments in Subsidiaries | 4,601 |  |  | 537 |  |  | — |  |  | (5,138 | ) |  | — |
Property, Plant and Equipment, net | 2,471 |  |  | 426 |  |  | 4,632 |  |  | (27 | ) |  | 7,502 |
Total Assets | $ | 11,323 |  |  | $ | 1,517 |  |  | $ | 10,095 |  |  | $ | (5,355 | ) |  | $ | 17,580 |
Liabilities: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable-Trade | $ | 875 |  |  | $ | 113 |  |  | $ | 1,862 |  |  | $ | — |  |  | $ | 2,850 |
Accounts Payable to Affiliates | 296 |  |  | — |  |  | — |  |  | (296 | ) |  | — |
Compensation and Benefits | 303 |  |  | 16 |  |  | 215 |  |  | — |  |  | 534 |
Other Current Liabilities | 342 |  |  | (3 | ) |  | 559 |  |  | — |  |  | 898 |
Notes Payable and Overdrafts | — |  |  | — |  |  | 332 |  |  | — |  |  | 332 |
Long Term Debt and Capital Leases Due Within One Year | 59 |  |  | — |  |  | 268 |  |  | — |  |  | 327 |
Total Current Liabilities | 1,875 |  |  | 126 |  |  | 3,236 |  |  | (296 | ) |  | 4,941 |
Long Term Debt and Capital Leases | 3,710 |  |  | 167 |  |  | 1,723 |  |  | — |  |  | 5,600 |
Compensation and Benefits | 642 |  |  | 104 |  |  | 732 |  |  | — |  |  | 1,478 |
Deferred Income Taxes | — |  |  | — |  |  | 101 |  |  | — |  |  | 101 |
Other Long Term Liabilities | 359 |  |  | 9 |  |  | 130 |  |  | — |  |  | 498 |
Total Liabilities | 6,586 |  |  | 406 |  |  | 5,922 |  |  | (296 | ) |  | 12,618 |
Commitments and Contingent Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Goodyear Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Common Stock | 240 |  |  | — |  |  | — |  |  | — |  |  | 240 |
Other Equity | 4,497 |  |  | 1,111 |  |  | 3,948 |  |  | (5,059 | ) |  | 4,497 |
Goodyear Shareholders’ Equity | 4,737 |  |  | 1,111 |  |  | 3,948 |  |  | (5,059 | ) |  | 4,737 |
Minority Shareholders’ Equity — Nonredeemable | — |  |  | — |  |  | 225 |  |  | — |  |  | 225 |
Total Shareholders’ Equity | 4,737 |  |  | 1,111 |  |  | 4,173 |  |  | (5,059 | ) |  | 4,962 |
Total Liabilities and Shareholders’ Equity | $ | 11,323 |  |  | $ | 1,517 |  |  | $ | 10,095 |  |  | $ | (5,355 | ) |  | $ | 17,580 |
| Condensed Consolidating Balance Sheet
| December 31, 2017
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 176 |  |  | $ | 32 |  |  | $ | 835 |  |  | $ | — |  |  | $ | 1,043 |
Accounts Receivable, net | 649 |  |  | 116 |  |  | 1,260 |  |  | — |  |  | 2,025 |
Accounts Receivable From Affiliates | — |  |  | 254 |  |  | 71 |  |  | (325 | ) |  | — |
Inventories | 1,444 |  |  | 43 |  |  | 1,329 |  |  | (29 | ) |  | 2,787 |
Prepaid Expenses and Other Current Assets | 59 |  |  | 3 |  |  | 157 |  |  | 5 |  |  | 224 |
Total Current Assets | 2,328 |  |  | 448 |  |  | 3,652 |  |  | (349 | ) |  | 6,079 |
Goodwill | 24 |  |  | 1 |  |  | 444 |  |  | 126 |  |  | 595 |
Intangible Assets | 119 |  |  | — |  |  | 20 |  |  | — |  |  | 139 |
Deferred Income Taxes | 1,549 |  |  | 35 |  |  | 424 |  |  | — |  |  | 2,008 |
Other Assets | 221 |  |  | 51 |  |  | 518 |  |  | 2 |  |  | 792 |
Investments in Subsidiaries | 4,424 |  |  | 503 |  |  | — |  |  | (4,927 | ) |  | — |
Property, Plant and Equipment, net | 2,491 |  |  | 420 |  |  | 4,569 |  |  | (29 | ) |  | 7,451 |
Total Assets | $ | 11,156 |  |  | $ | 1,458 |  |  | $ | 9,627 |  |  | $ | (5,177 | ) |  | $ | 17,064 |
Liabilities: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable-Trade | $ | 927 |  |  | $ | 115 |  |  | $ | 1,765 |  |  | $ | — |  |  | $ | 2,807 |
Accounts Payable to Affiliates | 325 |  |  | — |  |  | — |  |  | (325 | ) |  | — |
Compensation and Benefits | 322 |  |  | 15 |  |  | 202 |  |  | — |  |  | 539 |
Other Current Liabilities | 323 |  |  | 2 |  |  | 701 |  |  | — |  |  | 1,026 |
Notes Payable and Overdrafts | — |  |  | — |  |  | 262 |  |  | — |  |  | 262 |
Long Term Debt and Capital Leases Due Within One Year | 60 |  |  | — |  |  | 331 |  |  | — |  |  | 391 |
Total Current Liabilities | 1,957 |  |  | 132 |  |  | 3,261 |  |  | (325 | ) |  | 5,025 |
Long Term Debt and Capital Leases | 3,544 |  |  | 152 |  |  | 1,380 |  |  | — |  |  | 5,076 |
Compensation and Benefits | 682 |  |  | 109 |  |  | 724 |  |  | — |  |  | 1,515 |
Deferred Income Taxes | — |  |  | 1 |  |  | 99 |  |  | — |  |  | 100 |
Other Long Term Liabilities | 370 |  |  | 8 |  |  | 120 |  |  | — |  |  | 498 |
Total Liabilities | 6,553 |  |  | 402 |  |  | 5,584 |  |  | (325 | ) |  | 12,214 |
Commitments and Contingent Liabilities |  |  |  |  |  |  |  |  |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Goodyear Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Common Stock | 240 |  |  | — |  |  | — |  |  | — |  |  | 240 |
Other Equity | 4,363 |  |  | 1,056 |  |  | 3,796 |  |  | (4,852 | ) |  | 4,363 |
Goodyear Shareholders’ Equity | 4,603 |  |  | 1,056 |  |  | 3,796 |  |  | (4,852 | ) |  | 4,603 |
Minority Shareholders’ Equity — Nonredeemable | — |  |  | — |  |  | 247 |  |  | — |  |  | 247 |
Total Shareholders’ Equity | 4,603 |  |  | 1,056 |  |  | 4,043 |  |  | (4,852 | ) |  | 4,850 |
Total Liabilities and Shareholders’ Equity | $ | 11,156 |  |  | $ | 1,458 |  |  | $ | 9,627 |  |  | $ | (5,177 | ) |  | $ | 17,064 |
Consolidating Statements of Operations |
| Consolidating Statements of Operations
| Three Months Ended March 31, 2018
(In millions) | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Entries and Eliminations |  | Consolidated
Net Sales | $ | 1,684 |  |  | $ | 309 |  |  | $ | 2,457 |  |  | $ | (620 | ) |  | $ | 3,830 |
Cost of Goods Sold | 1,365 |  |  | 273 |  |  | 1,978 |  |  | (640 | ) |  | 2,976 |
Selling, Administrative and General Expense | 259 |  |  | 10 |  |  | 322 |  |  | — |  |  | 591 |
Rationalizations | 6 |  |  | — |  |  | 31 |  |  | — |  |  | 37 |
Interest Expense | 54 |  |  | 5 |  |  | 23 |  |  | (6 | ) |  | 76 |
Other (Income) Expense | 10 |  |  | 7 |  |  | — |  |  | 20 |  |  | 37 |
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries | (10 | ) |  | 14 |  |  | 103 |  |  | 6 |  |  | 113 |
United States and Foreign Taxes | (3 | ) |  | 3 |  |  | 30 |  |  | 3 |  |  | 33 |
Equity in Earnings of Subsidiaries | 82 |  |  | 22 |  |  | — |  |  | (104 | ) |  | — |
Net Income (Loss) | 75 |  |  | 33 |  |  | 73 |  |  | (101 | ) |  | 80 |
Less: Minority Shareholders’ Net Income | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Goodyear Net Income (Loss) | $ | 75 |  |  | $ | 33 |  |  | $ | 68 |  |  | $ | (101 | ) |  | $ | 75 |
Comprehensive Income (Loss) | $ | 184 |  |  | $ | 55 |  |  | $ | 155 |  |  | $ | (203 | ) |  | $ | 191 |
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Goodyear Comprehensive Income (Loss) | $ | 184 |  |  | $ | 55 |  |  | $ | 148 |  |  | $ | (203 | ) |  | $ | 184 |
| 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 | 1,378 |  |  | 273 |  |  | 1,794 |  |  | (685 | ) |  | 2,760 |
Selling, Administrative and General Expense | 259 |  |  | 8 |  |  | 310 |  |  | (1 | ) |  | 576 |
Rationalizations | 1 |  |  | — |  |  | 28 |  |  | — |  |  | 29 |
Interest Expense | 65 |  |  | 2 |  |  | 31 |  |  | (11 | ) |  | 87 |
Other (Income) Expense | (17 | ) |  | 4 |  |  | — |  |  | 21 |  |  | 8 |
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 |
Condensed Consolidating Statement of Cash Flows |
| Condensed Consolidating Statement of Cash Flows
| Three Months Ended March 31, 2018
(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 | $ | 266 |  |  | $ | — |  |  | $ | (656 | ) |  | $ | 1 |  |  | $ | (389 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | (101 | ) |  | (28 | ) |  | (118 | ) |  | (1 | ) |  | (248 | )
Short Term Securities Acquired | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Short Term Securities Redeemed | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Capital Contributions and Loans Incurred | (91 | ) |  | — |  |  | (91 | ) |  | 182 |  |  | — |
Capital Redemptions and Loans Paid | 38 |  |  | — |  |  | 360 |  |  | (398 | ) |  | — |
Total Cash Flows from Investing Activities | (154 | ) |  | (28 | ) |  | 151 |  |  | (217 | ) |  | (248 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Short Term Debt and Overdrafts Incurred | 325 |  |  | — |  |  | 259 |  |  | — |  |  | 584 |
Short Term Debt and Overdrafts Paid | (325 | ) |  | — |  |  | (193 | ) |  | — |  |  | (518 | )
Long Term Debt Incurred | 705 |  |  | 15 |  |  | 932 |  |  | — |  |  | 1,652 |
Long Term Debt Paid | (541 | ) |  | — |  |  | (685 | ) |  | — |  |  | (1,226 | )
Common Stock Issued | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Common Stock Repurchased | (25 | ) |  | — |  |  | — |  |  | — |  |  | (25 | )
Common Stock Dividends Paid | (34 | ) |  | — |  |  | — |  |  | — |  |  | (34 | )
Capital Contributions and Loans Incurred | 91 |  |  | 8 |  |  | 83 |  |  | (182 | ) |  | — |
Capital Redemptions and Loans Paid | (360 | ) |  | — |  |  | (38 | ) |  | 398 |  |  | — |
Transactions with Minority Interests in Subsidiaries | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
Debt Related Costs and Other Transactions | 7 |  |  | — |  |  | (20 | ) |  | — |  |  | (13 | )
Total Cash Flows from Financing Activities | (156 | ) |  | 23 |  |  | 316 |  |  | 216 |  |  | 399 |
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | — |  |  | (1 | ) |  | 17 |  |  | — |  |  | 16 |
Net Change in Cash, Cash Equivalents and Restricted Cash | (44 | ) |  | (6 | ) |  | (172 | ) |  | — |  |  | (222 | )
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period | 201 |  |  | 32 |  |  | 877 |  |  | — |  |  | 1,110 |
Cash, Cash Equivalents and Restricted Cash at End of the Period | $ | 157 |  |  | $ | 26 |  |  | $ | 705 |  |  | $ | — |  |  | $ | 888 |
| 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 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration