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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 21. Accumulated Other Comprehensive Loss

The following table presents changes in AOCL by component for the years ended December 31, 2024, 2023 and 2022, after tax and minority interest:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions) Income (Loss)

 

Foreign
Currency
Translation
Adjustment

 

 

Unrealized Gains (Losses) from Securities

 

 

Unrecognized
Net Actuarial
Losses and
Prior Service
Costs

 

 

Deferred
Derivative
Gains (Losses)

 

 

Total

 

Balance at December 31, 2021

 

$

(1,402

)

 

$

 

 

$

(2,565

)

 

$

4

 

 

$

(3,963

)

Other comprehensive income (loss) before reclassifications

 

 

(261

)

 

 

1

 

 

 

162

 

 

 

 

 

 

(98

)

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

 

 

 

188

 

 

 

(2

)

 

 

186

 

Balance at December 31, 2022

 

$

(1,663

)

 

$

1

 

 

$

(2,215

)

 

$

2

 

 

$

(3,875

)

Other comprehensive income (loss) before reclassifications

 

 

50

 

 

 

 

 

 

(125

)

 

 

(5

)

 

 

(80

)

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

 

 

 

116

 

 

 

4

 

 

 

120

 

Balance at December 31, 2023

 

$

(1,613

)

 

$

1

 

 

$

(2,224

)

 

$

1

 

 

$

(3,835

)

Other comprehensive income (loss) before reclassifications

 

 

(92

)

 

 

 

 

 

5

 

 

 

 

 

 

(87

)

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

 

 

 

79

 

 

 

(1

)

 

 

78

 

Balance at December 31, 2024

 

$

(1,705

)

 

$

1

 

 

$

(2,140

)

 

$

 

 

$

(3,844

)

 

The following table presents reclassifications out of AOCL for the years ended December 31, 2024, 2023 and 2022:

 

 

 

Year Ended
December 31,

 

 

 

(In millions) (Income) Expense

 

2024

 

 

2023

 

 

2022

 

 

 

Component of AOCL

 

Amount Reclassified from
AOCL

 

 

Affected Line Item in the Consolidated
Statements of Operations

Amortization of prior service cost and unrecognized gains and losses

 

$

108

 

 

$

106

 

 

$

125

 

 

Other (Income) Expense

Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures

 

 

(3

)

 

 

47

 

 

 

124

 

 

Other (Income) Expense / Rationalizations

Unrecognized Net Actuarial Losses and Prior Service Costs, before tax

 

$

105

 

 

$

153

 

 

$

249

 

 

 

Tax effect

 

 

(26

)

 

 

(37

)

 

 

(61

)

 

United States and Foreign Taxes

Net of tax

 

$

79

 

 

$

116

 

 

$

188

 

 

Goodyear Net Income (Loss)

Deferred Derivative (Gains) Losses

 

$

(1

)

 

$

4

 

 

$

(2

)

 

Cost of Goods Sold

Tax effect

 

 

 

 

 

 

 

 

 

 

United States and Foreign Taxes

Net of tax

 

$

(1

)

 

$

4

 

 

$

(2

)

 

Goodyear Net Income (Loss)

Total reclassifications

 

$

78

 

 

$

120

 

 

$

186

 

 

Goodyear Net Income (Loss)

 

The following table presents the details of comprehensive income (loss) attributable to minority shareholders:

 

 

 

Year Ended
December 31,

 

(In millions)

 

2024

 

 

2023

 

 

2022

 

Net Income Attributable to Minority Shareholders

 

$

(10

)

 

$

2

 

 

$

7

 

Other Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

Foreign currency translation

 

 

(3

)

 

 

4

 

 

 

(14

)

Decrease/Increase in net actuarial losses

 

 

2

 

 

 

 

 

 

(3

)

Other Comprehensive Income (Loss)

 

$

(1

)

 

$

4

 

 

$

(17

)

Comprehensive Income (Loss) Attributable to Minority Shareholders

 

$

(11

)

 

$

6

 

 

$

(10

)