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Net Sales (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregated Net Sales From Contracts with Customers

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

Europe, Middle East
and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

9,001

 

 

$

4,704

 

 

$

2,288

 

 

$

15,993

 

Other tire and related sales

 

 

769

 

 

 

573

 

 

 

112

 

 

 

1,454

 

Retail services and service related sales

 

 

742

 

 

 

148

 

 

 

15

 

 

 

905

 

Chemical sales

 

 

504

 

 

 

 

 

 

 

 

 

504

 

Other

 

 

17

 

 

 

 

 

 

5

 

 

 

22

 

Net Sales by reportable segment

 

$

11,033

 

 

$

5,425

 

 

$

2,420

 

 

$

18,878

 

 

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

Europe, Middle East
and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

10,028

 

 

$

4,924

 

 

$

2,336

 

 

$

17,288

 

Other tire and related sales

 

 

790

 

 

 

532

 

 

 

89

 

 

 

1,411

 

Retail services and service related sales

 

 

685

 

 

 

150

 

 

 

34

 

 

 

869

 

Chemical sales

 

 

467

 

 

 

 

 

 

 

 

 

467

 

Other

 

 

23

 

 

 

 

 

 

8

 

 

 

31

 

Net Sales by reportable segment

 

$

11,993

 

 

$

5,606

 

 

$

2,467

 

 

$

20,066

 

 

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

Europe, Middle East
and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

10,694

 

 

$

4,943

 

 

$

2,249

 

 

$

17,886

 

Other tire and related sales

 

 

746

 

 

 

582

 

 

 

93

 

 

 

1,421

 

Retail services and service related sales

 

 

645

 

 

 

120

 

 

 

48

 

 

 

813

 

Chemical sales

 

 

654

 

 

 

 

 

 

 

 

 

654

 

Other

 

 

27

 

 

 

 

 

 

4

 

 

 

31

 

Net Sales by reportable segment

 

$

12,766

 

 

$

5,645

 

 

$

2,394

 

 

$

20,805

 

 

Balance and Changes in Deferred Revenue Related to Contracts with Customers

The following table presents the balances of deferred revenue related to contracts with customers, and changes during the years ended December 31:

 

 

 

 

 

 

(In millions)

 

2024

 

 

2023

 

Balance at January 1

 

$

28

 

 

$

34

 

Revenue deferred during period

 

 

220

 

 

 

220

 

Revenue recognized during period

 

 

(230

)

 

 

(225

)

Impact of foreign currency translation

 

 

1

 

 

 

(1

)

Balance at December 31

 

$

19

 

 

$

28