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Other Assets and Investments | 3 Months Ended
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Mar. 31, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] |
Other Assets and Investments | NOTE 9. OTHER ASSETS AND INVESTMENTS The balance of our investment in TireHub, LLC (“TireHub”), a distribution joint venture in the United States, was $252 million and $262 million at March 31, 2020 and December 31, 2019, respectively, and was included in Other Assets on our Consolidated Balance Sheets. Our investment in TireHub is accounted for under the equity method of accounting and, as such, includes our 50% share of the net losses of TireHub, which totaled $12 million and $10 million for the first quarter of 2020 and 2019, respectively. We regularly review our investment in TireHub for potential impairment. Based on our assessment for the first quarter of 2020, we concluded that any decline in the fair value of our investment in TireHub as a result of current trends and factors is temporary in nature. As such, we did not adjust the balance recorded on our Consolidated Balance Sheet at March 31, 2020. However, if the current economic environment persists, an other-than-temporary decline in fair value could develop, necessitating the need for a future material non-cash impairment charge.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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