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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Business Segment Reporting Information | The following tables present segm ent sales, significant segment expenses and operating income, and the reconciliation of segment operating income to Income (Loss) before Income Taxes:
|  | 2024 |
(In millions) |  | Americas |  |  | Europe, Middle East and Africa |  |  | Asia Pacific |  |  | Total |
Net Sales |  | $ | 11,033 |  |  | $ | 5,425 |  |  | $ | 2,420 |  |  | $ | 18,878 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of Goods Sold |  |  | 8,758 |  |  |  | 4,472 |  |  |  | 1,840 |  |  |  | 15,070 |
Selling, Administrative and General Expense |  |  | 1,357 |  |  |  | 848 |  |  |  | 304 |  |  |  | 2,509 |
Other (income)(1) |  |  | (15 | ) |  |  | (3 | ) |  |  | (1 | ) |  |  | (19 | )
Segment Operating Income |  | $ | 933 |  |  | $ | 108 |  |  | $ | 277 |  |  | $ | 1,318 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and Intangible Asset Impairments (Note 11) |  |  |  |  |  |  |  |  |  |  |  | 125 |
Rationalizations (Note 3) |  |  |  |  |  |  |  |  |  |  |  | 86 |
Interest expense (Note 4) |  |  |  |  |  |  |  |  |  |  |  | 522 |
Other (income) expense (Note 5) |  |  |  |  |  |  |  |  |  |  |  | 32 |
Asset write-offs and accelerated depreciation, net (Note 3) |  |  |  |  |  |  |  |  |  |  |  | 146 |
Corporate incentive compensation plans |  |  |  |  |  |  |  |  |  |  |  | 62 |
Retained expenses of divested operations |  |  |  |  |  |  |  |  |  |  |  | 15 |
Other(2) |  |  |  |  |  |  |  |  |  |  |  | 175 |
Income (Loss) before Income Taxes |  |  |  |  |  |  |  |  |  |  | $ | 155 |
(1) Primarily represents royalty income attributable to the SBUs. (2) Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $105 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.
|  | 2023 |
(In millions) |  | Americas |  |  | Europe, Middle East and Africa |  |  | Asia Pacific |  |  | Total |
Net Sales |  | $ | 11,993 |  |  | $ | 5,606 |  |  | $ | 2,467 |  |  | $ | 20,066 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of Goods Sold |  |  | 9,828 |  |  |  | 4,736 |  |  |  | 1,925 |  |  |  | 16,489 |
Selling, Administrative and General Expense |  |  | 1,440 |  |  |  | 855 |  |  |  | 341 |  |  |  | 2,636 |
Other (income)(1) |  |  | (24 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (27 | )
Segment Operating Income |  | $ | 749 |  |  | $ | 17 |  |  | $ | 202 |  |  | $ | 968 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and Intangible Asset Impairments (Note 11) |  |  |  |  |  |  |  |  |  |  |  | 230 |
Rationalizations (Note 3) |  |  |  |  |  |  |  |  |  |  |  | 502 |
Interest expense (Note 4) |  |  |  |  |  |  |  |  |  |  |  | 532 |
Other (income) expense (Note 5) |  |  |  |  |  |  |  |  |  |  |  | 108 |
Asset write-offs and accelerated depreciation, net (Note 3) |  |  |  |  |  |  |  |  |  |  |  | 36 |
Corporate incentive compensation plans |  |  |  |  |  |  |  |  |  |  |  | 70 |
Retained expenses of divested operations |  |  |  |  |  |  |  |  |  |  |  | 18 |
Other(2) |  |  |  |  |  |  |  |  |  |  |  | 149 |
Income (Loss) before Income Taxes |  |  |  |  |  |  |  |  |  |  | $ | (677 | )
(1) Primarily represents royalty income attributable to the SBUs. (2) Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $35 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.
|  | 2022 |
(In millions) |  | Americas |  |  | Europe, Middle East and Africa |  |  | Asia Pacific |  |  | Total |
Net Sales |  | $ | 12,766 |  |  | $ | 5,645 |  |  | $ | 2,394 |  |  | $ | 20,805 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of Goods Sold |  |  | 10,249 |  |  |  | 4,766 |  |  |  | 1,916 |  |  |  | 16,931 |
Selling, Administrative and General Expense |  |  | 1,447 |  |  |  | 819 |  |  |  | 357 |  |  |  | 2,623 |
Other (income)(1) |  |  | (24 | ) |  |  | (1 | ) |  |  | — |  |  |  | (25 | )
Segment Operating Income |  | $ | 1,094 |  |  | $ | 61 |  |  | $ | 121 |  |  | $ | 1,276 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Rationalizations (Note 3) |  |  |  |  |  |  |  |  |  |  |  | 129 |
Interest expense (Note 4) |  |  |  |  |  |  |  |  |  |  |  | 451 |
Other (income) expense (Note 5) |  |  |  |  |  |  |  |  |  |  |  | 75 |
Asset write-offs and accelerated depreciation, net (Note 3) |  |  |  |  |  |  |  |  |  |  |  | 37 |
Corporate incentive compensation plans |  |  |  |  |  |  |  |  |  |  |  | 56 |
Retained expenses of divested operations |  |  |  |  |  |  |  |  |  |  |  | 14 |
Other(2) |  |  |  |  |  |  |  |  |  |  |  | 115 |
Income (Loss) before Income Taxes |  |  |  |  |  |  |  |  |  |  | $ | 399 |
(1) Primarily represents royalty income attributable to the SBUs. (2) Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs.
Segment Assets | The following table presents segment assets at December 31:
(In millions) |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |
Americas |  | $ | 11,406 |  |  | $ | 11,647 |
Europe, Middle East and Africa |  |  | 4,557 |  |  |  | 4,873 |
Asia Pacific |  |  | 2,610 |  |  |  | 2,767 |
Total Segment Assets |  |  | 18,573 |  |  |  | 19,287 |
Corporate(1) |  |  | 2,391 |  |  |  | 2,295 |
|  | $ | 20,964 |  |  | $ | 21,582 |
(1) Corporate includes substantially all of our U.S. net deferred tax assets.
Geographic Information | The following table presents geographic information. Net sales by country were determined based on the location of the selling subsidiary. Long-lived assets consist of property, plant and equipment. Management did not consider the net sales of any individual country outside the United States to be significant to the consolidated financial statements. For long-lived assets, only the United States and China were considered to be significant.
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Net Sales |  |  |  |  |  |  |  |  |
United States |  | $ | 9,083 |  |  | $ | 9,807 |  |  | $ | 10,734 |
Other international |  |  | 9,795 |  |  |  | 10,259 |  |  |  | 10,071 |
|  | $ | 18,878 |  |  | $ | 20,066 |  |  | $ | 20,805 |
Long-Lived Assets |  |  |  |  |  |  |  |  |
United States |  | $ | 3,688 |  |  | $ | 3,891 |  |  |  |
China |  |  | 676 |  |  |  | 713 |  |  |  |
Other international |  |  | 3,718 |  |  |  | 3,888 |  |  |  |
|  | $ | 8,082 |  |  | $ | 8,492 |  |  |  |
Rationalizations, Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs | Goodwill and intangible asset impairment, as described in Notes to the Consolidated Financial Statements No. 11, Goodwill and Intangible Assets; rationalizations, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense; and asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Goodwill and Intangible Asset Impairment |  |  |  |  |  |  |  |  |
Americas |  | $ | 125 |  |  | $ | — |  |  | $ | — |
Europe, Middle East and Africa |  |  | — |  |  |  | 230 |  |  |  | — |
Total Segment Goodwill and Intangible Asset Impairment |  | $ | 125 |  |  | $ | 230 |  |  | $ | — |
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Rationalizations |  |  |  |  |  |  |  |  |
Americas |  | $ | 23 |  |  | $ | 19 |  |  | $ | 32 |
Europe, Middle East and Africa |  |  | 36 |  |  |  | 409 |  |  |  | 92 |
Asia Pacific |  |  | 13 |  |  |  | 25 |  |  |  | — |
Total Segment Rationalizations |  | $ | 72 |  |  | $ | 453 |  |  | $ | 124 |
Corporate |  |  | 14 |  |  |  | 49 |  |  |  | 5 |
|  | $ | 86 |  |  | $ | 502 |  |  | $ | 129 |
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Net Gains on Asset Sales |  |  |  |  |  |  |  |  |
Americas |  | $ | (13 | ) |  | $ | (104 | ) |  | $ | (122 | )
Europe, Middle East and Africa |  |  | (79 | ) |  |  | — |  |  |  | — |
Asia Pacific |  |  | (1 | ) |  |  | — |  |  |  | — |
Total Segment Gains on Asset Sales |  | $ | (93 | ) |  | $ | (104 | ) |  | $ | (122 | )
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net |  |  |  |  |  |  |  |  |
Americas |  | $ | 14 |  |  | $ | 19 |  |  | $ | — |
Europe, Middle East and Africa |  |  | 68 |  |  |  | 17 |  |  |  | 20 |
Asia Pacific |  |  | 44 |  |  |  | — |  |  |  | — |
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net |  | $ | 126 |  |  | $ | 36 |  |  | $ | 20 |
Corporate |  |  | 20 |  |  |  | — |  |  |  | 17 |
|  | $ | 146 |  |  | $ | 36 |  |  | $ | 37 |
Segment Capital Expenditures, Depreciation and Amortization | The following tables present segment capital expenditures and depreciation and amortization:
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Capital Expenditures |  |  |  |  |  |  |  |  |
Americas |  | $ | 790 |  |  | $ | 638 |  |  | $ | 611 |
Europe, Middle East and Africa |  |  | 257 |  |  |  | 255 |  |  |  | 258 |
Asia Pacific |  |  | 113 |  |  |  | 126 |  |  |  | 144 |
Total Segment Capital Expenditures |  | $ | 1,160 |  |  | $ | 1,019 |  |  | $ | 1,013 |
Corporate |  |  | 28 |  |  |  | 31 |  |  |  | 48 |
|  | $ | 1,188 |  |  | $ | 1,050 |  |  | $ | 1,061 |
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
Americas |  | $ | 579 |  |  | $ | 580 |  |  | $ | 561 |
Europe, Middle East and Africa |  |  | 277 |  |  |  | 239 |  |  |  | 208 |
Asia Pacific |  |  | 153 |  |  |  | 141 |  |  |  | 144 |
Total Segment Depreciation and Amortization |  | $ | 1,009 |  |  | $ | 960 |  |  | $ | 913 |
Corporate |  |  | 40 |  |  |  | 41 |  |  |  | 51 |
|  | $ | 1,049 |  |  | $ | 1,001 |  |  | $ | 964 |
Segment Equity In Net Income (Loss) of Investees Accounted For By the Equity Method | The following table presents segment equity in the net (income) loss of investees accounted for by the equity method:
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Equity in (Income) Loss |  |  |  |  |  |  |  |  |
Americas |  | $ | 27 |  |  | $ | 15 |  |  | $ | (14 | )
Europe, Middle East and Africa |  |  | (1 | ) |  |  | (1 | ) |  |  | 1 |
Asia Pacific |  |  | (8 | ) |  |  | (16 | ) |  |  | (12 | )
Total Segment Equity in (Income) Loss |  | $ | 18 |  |  | $ | (2 | ) |  | $ | (25 | )

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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