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Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 6. 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 |  |  | 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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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