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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Basic and Diluted Earnings per Common Share | Basic and diluted earnings per common share are calculated as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In millions, except per share amounts) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Earnings (loss) per share — basic: |  |  |  |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | (34 | ) |  | $ | (89 | ) |  | $ | (6 | ) |  | $ | (398 | )
Weighted average shares outstanding |  |  | 287 |  |  |  | 285 |  |  |  | 286 |  |  |  | 285 |
Earnings (loss) per common share — basic |  | $ | (0.12 | ) |  | $ | (0.31 | ) |  | $ | (0.02 | ) |  | $ | (1.40 | )
Earnings (loss) per share — diluted: |  |  |  |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | (34 | ) |  | $ | (89 | ) |  | $ | (6 | ) |  | $ | (398 | )
Weighted average shares outstanding |  |  | 287 |  |  |  | 285 |  |  |  | 286 |  |  |  | 285 |
Dilutive effect of stock options and other dilutive securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average shares outstanding — diluted |  |  | 287 |  |  |  | 285 |  |  |  | 286 |  |  |  | 285 |
Earnings (loss) per common share — diluted |  | $ | (0.12 | ) |  | $ | (0.31 | ) |  | $ | (0.02 | ) |  | $ | (1.40 | )
Weighted average shares outstanding — diluted for the three and nine months ended September 30, 2024 excludes the dilutive effect of approximately 1 million and 2 million equivalent shares, respectively, and for both the three and nine months ended September 30, 2023 excludes the dilutive effect of approximately 2 million equivalent shares, related primarily to options with exercise prices less than the average market price of our common shares (i.e., "in-the-money" options) and unvested restricted stock units, as their inclusion would have been anti-dilutive due to the Goodyear net loss. Additionally, weighted average shares outstanding — diluted for the three and nine months ended September 30, 2024 excludes approximately 4 million equivalent shares and 1 million equivalent shares, respectively, and, for both the three and nine months ended September 30, 2023, 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).

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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