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Earnings Per Share
 12 Months Ended
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.