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Earnings Per Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Note 8. 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:
(In millions, except per share amounts) |  | 2022 |  |  | 2021 |  |  | 2020 |
Earnings (loss) per share — basic: |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | 202 |  |  | $ | 764 |  |  | $ | (1,254 | )
Weighted average shares outstanding |  |  | 284 |  |  |  | 261 |  |  |  | 234 |
Earnings (loss) per common share — basic |  | $ | 0.71 |  |  | $ | 2.92 |  |  | $ | (5.35 | )
Earnings (loss) per share — diluted: |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | 202 |  |  | $ | 764 |  |  | $ | (1,254 | )
Weighted average shares outstanding |  |  | 284 |  |  |  | 261 |  |  |  | 234 |
Dilutive effect of stock options and other dilutive securities |  |  | 2 |  |  |  | 3 |  |  |  | — |
Weighted average shares outstanding — diluted |  |  | 286 |  |  |  | 264 |  |  |  | 234 |
Earnings (loss) per common share — diluted |  | $ | 0.71 |  |  | $ | 2.89 |  |  | $ | (5.35 | )
Weighted average shares outstanding — diluted for 2022 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). There were approximately 2 million and 9 million equivalent shares related to underwater options for 2021 and 2020, respectively. There were no options with exercise prices greater than the average market price of our common shares (i.e., "in-the-money" options) for 2020, which would have been excluded from the determination of diluted earnings per share due to the Goodyear net loss.

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- 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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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