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Net Sales | 3 Months Ended
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Mar. 31, 2019
Revenue from Contract with Customer [Abstract] |
NET SALES | NET SALES The following tables show disaggregated net sales from contracts with customers by major source:
| Three Months Ended March 31, 2019
|  |  | Europe, Middle East |  |  |  |
(In millions) | Americas |  | and Africa |  | Asia Pacific |  | Total
Tire unit sales | $ | 1,493 |  |  | $ | 1,143 |  |  | $ | 453 |  |  | $ | 3,089 |
Other tire and related sales | 137 |  |  | 72 |  |  | 32 |  |  | 241 |
Retail services and service related sales | 132 |  |  | 4 |  |  | 15 |  |  | 151 |
Chemical | 109 |  |  | — |  |  | — |  |  | 109 |
Other | 5 |  |  | 2 |  |  | 1 |  |  | 8 |
Net Sales by reportable segment | $ | 1,876 |  |  | $ | 1,221 |  |  | $ | 501 |  |  | $ | 3,598 |
| Three Months Ended March 31, 2018
|  |  | Europe, Middle East |  |  |  |
(In millions) | Americas |  | and Africa |  | Asia Pacific |  | Total
Tire unit sales | $ | 1,506 |  |  | $ | 1,209 |  |  | $ | 518 |  |  | $ | 3,233 |
Other tire and related sales | 135 |  |  | 105 |  |  | 30 |  |  | 270 |
Retail services and service related sales | 137 |  |  | 15 |  |  | 22 |  |  | 174 |
Chemical | 148 |  |  | — |  |  | — |  |  | 148 |
Other | 3 |  |  | 1 |  |  | 1 |  |  | 5 |
Net Sales by reportable segment | $ | 1,929 |  |  | $ | 1,330 |  |  | $ | 571 |  |  | $ | 3,830 |
Tire unit sales consist of consumer, commercial, farm and off-the-road tire sales, including the sale of new Company-branded tires through Company-owned retail channels. Other tire and related sales consist of aviation, race, motorcycle and all-terrain vehicle tire sales, retread sales and other tire related sales. Sales of tires in this category are not included in reported tire unit information. Retail services and service related sales consist of automotive services performed for customers through our Company-owned retail channels, and includes service related products. Chemical sales relate to the sale of synthetic rubber and other chemicals to third-parties, and exclude intercompany sales. Other sales include items such as franchise fees and ancillary tire parts, such as tire rims, tire valves and valve stems. When we receive consideration from a customer prior to transferring goods or services under the terms of a sales contract, we record deferred revenue, which represents a contract liability. Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $37 million and $39 million at March 31, 2019 and December 31, 2018, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $35 million and $39 million at March 31, 2019 and December 31, 2018, respectively. We recognize deferred revenue after we have transferred control of the goods or services to the customer and all revenue recognition criteria are met. The following table presents the balance of deferred revenue related to contracts with customers, and changes during the three months ended March 31, 2019:
(In millions) |
Balance at December 31, 2018 | $ | 78 |
Revenue deferred during period | 34 |
Revenue recognized during period | (40 | )
Impact of foreign currency translation | — |
Balance at March 31, 2019 | $ | 72 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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