XML 29 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 7. EARNINGS PER SHARE Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are calculated to reflect the potential dilution that could occur if securities or other contracts were exercised or converted into common stock. Basic and diluted earnings per common share are calculated as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(In millions, except per share amounts) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Earnings (loss) per share — basic: |  |  |  |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | 67 |  |  | $ | (696 | ) |  | $ | 79 |  |  | $ | (1,315 | )
Weighted average shares outstanding |  |  | 244 |  |  |  | 234 |  |  |  | 239 |  |  |  | 234 |
Earnings (loss) per common share — basic |  | $ | 0.27 |  |  | $ | (2.97 | ) |  | $ | 0.33 |  |  | $ | (5.62 | )
Earnings (loss) per share — diluted: |  |  |  |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | 67 |  |  | $ | (696 | ) |  | $ | 79 |  |  | $ | (1,315 | )
Weighted average shares outstanding |  |  | 244 |  |  |  | 234 |  |  |  | 239 |  |  |  | 234 |
Dilutive effect of stock options and other dilutive securities |  |  | 3 |  |  |  | — |  |  |  | 3 |  |  |  | — |
Weighted average shares outstanding — diluted |  |  | 247 |  |  |  | 234 |  |  |  | 242 |  |  |  | 234 |
Earnings (loss) per common share — diluted |  | $ | 0.27 |  |  | $ | (2.97 | ) |  | $ | 0.32 |  |  | $ | (5.62 | )
Weighted average shares outstanding — diluted for the three and six months ended June 30, 2021 excludes approximately 2 million equivalent shares related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options). Weighted average shares outstanding — diluted for the three and six months ended June 30, 2020 excludes approximately 9 million equivalent shares related to underwater options. At June 30, 2020, there were no options with exercise prices less than the average market price of our common shares (i.e., “in-the-money” options).

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration