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Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Business Segment Reporting Information | The following tables present segment sales, significant segment expenses and operating income, and the reconciliation of segment operating income to Income before Income Taxes:
| Three Months Ended June 30, 2025 |
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total |
Net Sales | $ | 2,662 |  |  | $ | 1,344 |  |  | $ | 459 |  |  | $ | 4,465 |  |
Less: |  |  |  |  |  |  |  |
Cost of Goods Sold | 2,166 |  |  | 1,153 |  |  | 350 |  |  | 3,669 |  |
Selling, Administrative and General Expense | 362 |  |  | 221 |  |  | 69 |  |  | 652 |  |
Other (income)(1) | (7) |  |  | (5) |  |  | (3) |  |  | (15) |  |
Segment Operating Income (Loss) | $ | 141 |  |  | $ | (25) |  |  | $ | 43 |  |  | $ | 159 |  |
Less: |  |  |  |  |  |  |  |
Rationalizations (Note 4) |  |  |  |  |  |  | 59 |  |
Interest expense |  |  |  |  |  |  | 112 |  |
Other (income) expense (Note 5) |  |  |  |  |  |  | 31 |  |
Net (gains) losses on asset sales |  |  |  |  |  |  | (439) |  |
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4) |  |  |  |  |  |  | 41 |  |
Corporate incentive compensation plans |  |  |  |  |  |  | 20 |  |
Retained expenses of divested operations |  |  |  |  |  |  | 1 |  |
Other(2) |  |  |  |  |  |  | 29 |  |
Income before Income Taxes |  |  |  |  |  |  | $ | 305 |  |
(1) Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand. |
(2) Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the strategic business units (“SBUs”). |
| Three Months Ended June 30, 2024 |
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total |
Net Sales | $ | 2,697 |  |  | $ | 1,279 |  |  | $ | 594 |  |  | $ | 4,570 |  |
Less: |  |  |  |  |  |  |  |
Cost of Goods Sold | 2,120 |  |  | 1,024 |  |  | 451 |  |  | 3,595 |  |
Selling, Administrative and General Expense | 340 |  |  | 226 |  |  | 81 |  |  | 647 |  |
Other (income)(1) | (4) |  |  | (1) |  |  | (1) |  |  | (6) |  |
Segment Operating Income | $ | 241 |  |  | $ | 30 |  |  | $ | 63 |  |  | $ | 334 |  |
Less: |  |  |  |  |  |  |  |
Rationalizations (Note 4) |  |  |  |  |  |  | 19 |  |
Interest expense |  |  |  |  |  |  | 130 |  |
Other (income) expense (Note 5) |  |  |  |  |  |  | 26 |  |
Net (gains) losses on asset sales |  |  |  |  |  |  | (96) |  |
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4) |  |  |  |  |  |  | 43 |  |
Corporate incentive compensation plans |  |  |  |  |  |  | 15 |  |
Retained expenses of divested operations |  |  |  |  |  |  | 3 |  |
Other(2) |  |  |  |  |  |  | 61 |  |
Income before Income Taxes |  |  |  |  |  |  | $ | 133 |  |
(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 $40 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees. |
| Six Months Ended June 30, 2025 |
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total |
Net Sales | $ | 5,164 |  |  | $ | 2,621 |  |  | $ | 933 |  |  | $ | 8,718 |  |
Less: |  |  |  |  |  |  |  |
Cost of Goods Sold | 4,189 |  |  | 2,235 |  |  | 718 |  |  | 7,142 |  |
Selling, Administrative and General Expense | 693 |  |  | 424 |  |  | 131 |  |  | 1,248 |  |
Other (income)(1) | (14) |  |  | (8) |  |  | (4) |  |  | (26) |  |
Segment Operating Income (Loss) | $ | 296 |  |  | $ | (30) |  |  | $ | 88 |  |  | $ | 354 |  |
Less: |  |  |  |  |  |  |  |
Rationalizations (Note 4) |  |  |  |  |  |  | 140 |  |
Interest expense |  |  |  |  |  |  | 227 |  |
Other (income) expense (Note 5) |  |  |  |  |  |  | 56 |  |
Net (gains) losses on asset sales |  |  |  |  |  |  | (701) |  |
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4) |  |  |  |  |  |  | 87 |  |
Corporate incentive compensation plans |  |  |  |  |  |  | 36 |  |
Retained expenses of divested operations |  |  |  |  |  |  | 3 |  |
Other(2) |  |  |  |  |  |  | 70 |  |
Income before Income Taxes |  |  |  |  |  |  | $ | 436 |  |
(1) Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand. |
(2) Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the SBUs. |
| Six Months Ended June 30, 2024 |
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total |
Net Sales | $ | 5,285 |  |  | $ | 2,626 |  |  | $ | 1,196 |  |  | $ | 9,107 |  |
Less: |  |  |  |  |  |  |  |
Cost of Goods Sold | 4,196 |  |  | 2,166 |  |  | 914 |  |  | 7,276 |  |
Selling, Administrative and General Expense | 677 |  |  | 431 |  |  | 160 |  |  | 1,268 |  |
Other (income)(1) | (8) |  |  | (2) |  |  | (1) |  |  | (11) |  |
Segment Operating Income | $ | 420 |  |  | $ | 31 |  |  | $ | 123 |  |  | $ | 574 |  |
Less: |  |  |  |  |  |  |  |
Rationalizations (Note 4) |  |  |  |  |  |  | 41 |  |
Interest expense |  |  |  |  |  |  | 256 |  |
Other (income) expense (Note 5) |  |  |  |  |  |  | 59 |  |
Net (gains) losses on asset sales |  |  |  |  |  |  | (94) |  |
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4) |  |  |  |  |  |  | 94 |  |
Corporate incentive compensation plans |  |  |  |  |  |  | 36 |  |
Retained expenses of divested operations |  |  |  |  |  |  | 8 |  |
Other(2) |  |  |  |  |  |  | 105 |  |
Income before Income Taxes |  |  |  |  |  |  | $ | 69 |  |
(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 $67 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees. |
Schedule of Segment Assets | The following table presents segment assets at:
(In millions) | June 30, 2025 |  | December 31, 2024 |
Assets |  |  |  |
Americas | $ | 12,152 |  |  | $ | 11,406 |  |
Europe, Middle East and Africa | 5,370 |  |  | 4,514 |  |
Asia Pacific | 2,335 |  |  | 2,610 |  |
Total Segment Assets | $ | 19,857 |  |  | $ | 18,530 |  |
Corporate(1) | 2,402 |  |  | 2,391 |  |
| $ | 22,259 |  |  | $ | 20,921 |  |
(1) Corporate includes substantially all of our U.S. net deferred tax assets. |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | 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.
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Net Sales |  |  |  |  |  |  |  |
United States | $ | 2,234 |  |  | $ | 2,196 |  |  | $ | 4,286 |  |  | $ | 4,287 |  |
International | 2,231 |  |  | 2,374 |  |  | 4,432 |  |  | 4,820 |  |
| $ | 4,465 |  |  | $ | 4,570 |  |  | $ | 8,718 |  |  | $ | 9,107 |  |
(In millions) |  |  |  |  | June 30, 2025 |  | December 31, 2024 |
Long-Lived Assets |  |  |  |  |  |  |  |
United States |  |  |  |  | $ | 3,585 |  |  | $ | 3,688 |  |
China |  |  |  |  | 653 |  |  | 676 |  |
Other international |  |  |  |  | 3,764 |  |  | 3,718 |  |
|  |  |  |  | $ | 8,002 |  |  | $ | 8,082 |  |
Schedule of Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs | Rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 2, Divestitures; and asset write-offs, accelerated depreciation and accelerated leases costs were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Rationalizations |  |  |  |  |  |  |  |
Americas | $ | 10 |  |  | $ | 11 |  |  | $ | 72 |  |  | $ | 15 |  |
Europe, Middle East and Africa | 43 |  |  | 3 |  |  | 55 |  |  | 10 |  |
Asia Pacific | — |  |  | 2 |  |  | 1 |  |  | 13 |  |
Total Segment Rationalizations | $ | 53 |  |  | $ | 16 |  |  | $ | 128 |  |  | $ | 38 |  |
Corporate | 6 |  |  | 3 |  |  | 12 |  |  | 3 |  |
| $ | 59 |  |  | $ | 19 |  |  | $ | 140 |  |  | $ | 41 |  |
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Net (Gains) Losses on Asset Sales |  |  |  |  |  |  |  |
Americas | $ | — |  |  | $ | (14) |  |  | $ | (1) |  |  | $ | (14) |  |
Europe, Middle East and Africa | 1 |  |  | (82) |  |  | — |  |  | (80) |  |
Asia Pacific | (55) |  |  | — |  |  | (55) |  |  | — |  |
Total Segment (Gains) Losses on Asset Sales | $ | (54) |  |  | $ | (96) |  |  | $ | (56) |  |  | $ | (94) |  |
Corporate | (385) |  |  | — |  |  | (645) |  |  | — |  |
| $ | (439) |  |  | $ | (96) |  |  | $ | (701) |  |  | $ | (94) |  |
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net |  |  |  |  |  |  |  |
Americas | $ | 14 |  |  | $ | 2 |  |  | $ | 42 |  |  | $ | 10 |  |
Europe, Middle East and Africa | 26 |  |  | 17 |  |  | 42 |  |  | 33 |  |
Asia Pacific | 1 |  |  | 24 |  |  | 3 |  |  | 31 |  |
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net | $ | 41 |  |  | $ | 43 |  |  | $ | 87 |  |  | $ | 74 |  |
Corporate | — |  |  | — |  |  | — |  |  | 20 |  |
| $ | 41 |  |  | $ | 43 |  |  | $ | 87 |  |  | $ | 94 |  |
Schedule of Segment Capital Expenditures Depreciation And Amortization | The following tables present segment capital expenditures and depreciation and amortization:
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Capital Expenditures |  |  |  |  |  |  |  |
Americas | $ | 151 |  |  | $ | 201 |  |  | $ | 327 |  |  | $ | 409 |  |
Europe, Middle East and Africa | 33 |  |  | 76 |  |  | 92 |  |  | 147 |  |
Asia Pacific | 23 |  |  | 28 |  |  | 44 |  |  | 60 |  |
Total Segment Capital Expenditures | $ | 207 |  |  | $ | 305 |  |  | $ | 463 |  |  | $ | 616 |  |
Corporate | — |  |  | 11 |  |  | 3 |  |  | 18 |  |
| $ | 207 |  |  | $ | 316 |  |  | $ | 466 |  |  | $ | 634 |  |
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Americas | $ | 153 |  |  | $ | 139 |  |  | $ | 316 |  |  | $ | 302 |  |
Europe, Middle East and Africa | 82 |  |  | 68 |  |  | 149 |  |  | 138 |  |
Asia Pacific | 29 |  |  | 45 |  |  | 60 |  |  | 85 |  |
Total Segment Depreciation and Amortization | $ | 264 |  |  | $ | 252 |  |  | $ | 525 |  |  | $ | 525 |  |
Corporate | 10 |  |  | 10 |  |  | 19 |  |  | 21 |  |
| $ | 274 |  |  | $ | 262 |  |  | $ | 544 |  |  | $ | 546 |  |
Schedule of 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:
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Equity in (Income) Loss |  |  |  |  |  |  |  |
Americas | $ | 8 |  |  | $ | 8 |  |  | $ | 26 |  |  | $ | 19 |  |
Europe, Middle East and Africa | (1) |  |  | (1) |  |  | (1) |  |  | (1) |  |
Asia Pacific | (4) |  |  | (2) |  |  | (7) |  |  | (4) |  |
Total Segment Equity in (Income) Loss | $ | 3 |  |  | $ | 5 |  |  | $ | 18 |  |  | $ | 14 |  |

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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 information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + 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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