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Earnings Per Share | 12 Months Ended
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Dec. 31, 2024
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:
(In millions, except per share amounts) |  | 2024 |  |  | 2023 |  |  | 2022 |
Earnings (loss) per share — basic: |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | 70 |  |  | $ | (689 | ) |  | $ | 202 |
Weighted average shares outstanding |  |  | 287 |  |  |  | 285 |  |  |  | 284 |
Earnings (loss) per common share — basic |  | $ | 0.24 |  |  | $ | (2.42 | ) |  | $ | 0.71 |
Earnings (loss) per share — diluted: |  |  |  |  |  |  |  |  |
Goodyear net income (loss) |  | $ | 70 |  |  | $ | (689 | ) |  | $ | 202 |
Weighted average shares outstanding |  |  | 287 |  |  |  | 285 |  |  |  | 284 |
Dilutive effect of stock options and other dilutive securities |  |  | 1 |  |  |  | — |  |  |  | 2 |
Weighted average shares outstanding — diluted |  |  | 288 |  |  |  | 285 |  |  |  | 286 |
Earnings (loss) per common share — diluted |  | $ | 0.24 |  |  | $ | (2.42 | ) |  | $ | 0.71 |
Weighted average shares outstanding — diluted for 2024 excludes approximately 1 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 equivalent shares related to underwater options for 2023 and 2022, respectively. Weighted average shares outstanding — diluted for 2023 also excludes approximately 2 million 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.

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