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Net Sales (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregated Net Sales From Contracts with Customers | The following tables show disaggregated net sales from contracts with customers by major source:
|  | Three Months Ended June 30, 2024 |
|  |  |  |  | Europe, Middle East |  |  |  |  |  |  |
(In millions) |  | Americas |  |  | and Africa |  |  | Asia Pacific |  |  | Total |
Tire unit sales |  | $ | 2,175 |  |  | $ | 1,093 |  |  | $ | 566 |  |  | $ | 3,834 |
Other tire and related sales |  |  | 196 |  |  |  | 150 |  |  |  | 23 |  |  |  | 369 |
Retail services and service related sales |  |  | 187 |  |  |  | 36 |  |  |  | 3 |  |  |  | 226 |
Chemical sales |  |  | 134 |  |  |  | — |  |  |  | — |  |  |  | 134 |
Other |  |  | 5 |  |  |  | — |  |  |  | 2 |  |  |  | 7 |
Net Sales by reportable segment |  | $ | 2,697 |  |  | $ | 1,279 |  |  | $ | 594 |  |  | $ | 4,570 |
|  | Three Months Ended June 30, 2023 |
|  |  |  |  | Europe, Middle East |  |  |  |  |  |  |
(In millions) |  | Americas |  |  | and Africa |  |  | Asia Pacific |  |  | Total |
Tire unit sales |  | $ | 2,434 |  |  | $ | 1,159 |  |  | $ | 554 |  |  | $ | 4,147 |
Other tire and related sales |  |  | 211 |  |  |  | 144 |  |  |  | 22 |  |  |  | 377 |
Retail services and service related sales |  |  | 173 |  |  |  | 38 |  |  |  | 9 |  |  |  | 220 |
Chemical sales |  |  | 116 |  |  |  | — |  |  |  | — |  |  |  | 116 |
Other |  |  | 5 |  |  |  | — |  |  |  | 2 |  |  |  | 7 |
Net Sales by reportable segment |  | $ | 2,939 |  |  | $ | 1,341 |  |  | $ | 587 |  |  | $ | 4,867 |
|  | Six Months Ended June 30, 2024 |
|  |  |  |  | Europe, Middle East |  |  |  |  |  |  |
(In millions) |  | Americas |  |  | and Africa |  |  | Asia Pacific |  |  | Total |
Tire unit sales |  | $ | 4,297 |  |  | $ | 2,279 |  |  | $ | 1,140 |  |  | $ | 7,716 |
Other tire and related sales |  |  | 379 |  |  |  | 282 |  |  |  | 41 |  |  |  | 702 |
Retail services and service related sales |  |  | 356 |  |  |  | 65 |  |  |  | 12 |  |  |  | 433 |
Chemical sales |  |  | 244 |  |  |  | — |  |  |  | — |  |  |  | 244 |
Other |  |  | 9 |  |  |  | — |  |  |  | 3 |  |  |  | 12 |
Net Sales by reportable segment |  | $ | 5,285 |  |  | $ | 2,626 |  |  | $ | 1,196 |  |  | $ | 9,107 |
|  | Six Months Ended June 30, 2023 |
|  |  |  |  | Europe, Middle East |  |  |  |  |  |  |
(In millions) |  | Americas |  |  | and Africa |  |  | Asia Pacific |  |  | Total |
Tire unit sales |  | $ | 4,812 |  |  | $ | 2,487 |  |  | $ | 1,103 |  |  | $ | 8,402 |
Other tire and related sales |  |  | 396 |  |  |  | 283 |  |  |  | 43 |  |  |  | 722 |
Retail services and service related sales |  |  | 334 |  |  |  | 63 |  |  |  | 19 |  |  |  | 416 |
Chemical sales |  |  | 256 |  |  |  | — |  |  |  | — |  |  |  | 256 |
Other |  |  | 8 |  |  |  | — |  |  |  | 4 |  |  |  | 12 |
Net Sales by reportable segment |  | $ | 5,806 |  |  | $ | 2,833 |  |  | $ | 1,169 |  |  | $ | 9,808 |
Balance and Changes in Deferred Revenue Related to Contracts with Customers | The following table presents the balance of deferred revenue related to contracts with customers, and changes during the six months ended June 30, 2024:
(In millions) |  |  |
Balance at December 31, 2023 |  | $ | 28 |
Revenue deferred during period |  |  | 101 |
Revenue recognized during period |  |  | (102 | )
Impact of foreign currency translation |  |  | — |
Balance at June 30, 2024 |  | $ | 27 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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