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v3.25.2

Revision of Previously Issued Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Changes and Error Corrections [Abstract] |
Impact of Revision | The following tables reflect the impact of the revision to the specific line items presented in our previously reported financial information. Impacts to Consolidated Statements of Operations and Comprehensive Income (in millions, except per share data)
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
| As Reported | Revision | As Revised |  | As Reported | Revision | As Revised |  | As Reported | Revision | As Revised
Cost of Goods Sold | $ | 15,176 |  | $ | 16 |  | $ | 15,192 |  |  | $ | 16,557 |  | $ | 25 |  | $ | 16,582 |  |  | $ | 16,953 |  | $ | 2 |  | $ | 16,955 |
Other Expense (1) | $ | 125 |  | $ | 9 |  | $ | 134 |  |  | $ | 212 |  | $ | 19 |  | $ | 231 |  |  | $ | 197 |  | $ | 12 |  | $ | 209 |
Net Income (Loss) | $ | 60 |  | $ | (25) |  | $ | 35 |  |  | $ | (687) |  | $ | (44) |  | $ | (731) |  |  | $ | 209 |  | $ | (14) |  | $ | 195 |
Minority Shareholders’ Net Income (Loss) | $ | (10) |  | $ | (1) |  | $ | (11) |  |  | $ | 2 |  | $ | (4) |  | $ | (2) |  |  | $ | 7 |  | $ | (3) |  | $ | 4 |
Goodyear Net Income (Loss) | $ | 70 |  | $ | (24) |  | $ | 46 |  |  | $ | (689) |  | $ | (40) |  | $ | (729) |  |  | $ | 202 |  | $ | (11) |  | $ | 191 |
Comprehensive Income (Loss) | $ | 50 |  | $ | (25) |  | $ | 25 |  |  | $ | (643) |  | $ | (44) |  | $ | (687) |  |  | $ | 280 |  | $ | (14) |  | $ | 266 |
Comprehensive Income (Loss) Attributable to Minority Shareholders | $ | (11) |  | $ | (1) |  | $ | (12) |  |  | $ | 6 |  | $ | (4) |  | $ | 2 |  |  | $ | (10) |  | $ | (3) |  | $ | (13) |
Goodyear Comprehensive Income (Loss) | $ | 61 |  | $ | (24) |  | $ | 37 |  |  | $ | (649) |  | $ | (40) |  | $ | (689) |  |  | $ | 290 |  | $ | (11) |  | $ | 279 |
Basic EPS | $ | 0.24 |  | $ | (0.08) |  | $ | 0.16 |  |  | $ | (2.42) |  | $ | (0.14) |  | $ | (2.56) |  |  | $ | 0.71 |  | $ | (0.04) |  | $ | 0.67 |
Diluted EPS | $ | 0.24 |  | $ | (0.08) |  | $ | 0.16 |  |  | $ | (2.42) |  | $ | (0.14) |  | $ | (2.56) |  |  | $ | 0.71 |  | $ | (0.04) |  | $ | 0.67 |
(1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $(122) million, $(104) million, and $(93) million for the years ended December 31, 2022, 2023 and 2024, respectively, to conform to the current presentation.
| Nine Months Ended September 30, 2024 |  | Three Months Ended September 30, 2024 |  | Six Months Ended June 30, 2024 |  | Three Months Ended June 30, 2024 |  | Three Months Ended March 31, 2024
| As Reported | Revision | As Revised |  | As Reported | Revision | As Revised |  | As Reported | Revision | As Revised |  | As Reported | Revision | As Revised |  | As Reported | Revision | As Revised
Cost of Goods Sold | $ | 11,218 |  | $ | 13 |  | $ | 11,231 |  |  | $ | 3,881 |  | $ | 1 |  | $ | 3,882 |  |  | $ | 7,337 |  | $ | 12 |  | $ | 7,349 |  |  | $ | 3,622 |  | $ | 5 |  | $ | 3,627 |  |  | $ | 3,715 |  | $ | 7 |  | $ | 3,722 |
Other Expense (1) | $ | 87 |  | $ | 8 |  | $ | 95 |  |  | $ | 35 |  | $ | 1 |  | $ | 36 |  |  | $ | 52 |  | $ | 7 |  | $ | 59 |  |  | $ | 24 |  | $ | 2 |  | $ | 26 |  |  | $ | 28 |  | $ | 5 |  | $ | 33 |
Net Income (Loss) | $ | (12) |  | $ | (21) |  | $ | (33) |  |  | $ | (34) |  | $ | (2) |  | $ | (36) |  |  | $ | 22 |  | $ | (19) |  | $ | 3 |  |  | $ | 80 |  | $ | (7) |  | $ | 73 |  |  | $ | (58) |  | $ | (12) |  | $ | (70) |
Minority Shareholders’ Net Income (Loss) | $ | (6) |  | $ | — |  | $ | (6) |  |  | $ | — |  | $ | 1 |  | $ | 1 |  |  | $ | (6) |  | $ | (1) |  | $ | (7) |  |  | $ | (5) |  | $ | (1) |  | $ | (6) |  |  | $ | (1) |  | $ | — |  | $ | (1) |
Goodyear Net Income (Loss) | $ | (6) |  | $ | (21) |  | $ | (27) |  |  | $ | (34) |  | $ | (3) |  | $ | (37) |  |  | $ | 28 |  | $ | (18) |  | $ | 10 |  |  | $ | 85 |  | $ | (6) |  | $ | 79 |  |  | $ | (57) |  | $ | (12) |  | $ | (69) |
Comprehensive Income (Loss) | $ | 55 |  | $ | (21) |  | $ | 34 |  |  | $ | 44 |  | $ | (2) |  | $ | 42 |  |  | $ | 11 |  | $ | (19) |  | $ | (8) |  |  | $ | 56 |  | $ | (7) |  | $ | 49 |  |  | $ | (45) |  | $ | (12) |  | $ | (57) |
Comprehensive Income (Loss) Attributable to Minority Shareholders | $ | (2) |  | $ | — |  | $ | (2) |  |  | $ | 8 |  | $ | 1 |  | $ | 9 |  |  | $ | (10) |  | $ | (1) |  | $ | (11) |  |  | $ | (6) |  | $ | (1) |  | $ | (7) |  |  | $ | (4) |  | $ | — |  | $ | (4) |
Goodyear Comprehensive Income (Loss) | $ | 57 |  | $ | (21) |  | $ | 36 |  |  | $ | 36 |  | $ | (3) |  | $ | 33 |  |  | $ | 21 |  | $ | (18) |  | $ | 3 |  |  | $ | 62 |  | $ | (6) |  | $ | 56 |  |  | $ | (41) |  | $ | (12) |  | $ | (53) |
Basic EPS | $ | (0.02) |  | $ | (0.07) |  | $ | (0.09) |  |  | $ | (0.12) |  | $ | (0.01) |  | $ | (0.13) |  |  | $ | 0.10 |  | $ | (0.06) |  | $ | 0.04 |  |  | $ | 0.30 |  | $ | (0.02) |  | $ | 0.28 |  |  | $ | (0.20) |  | $ | (0.04) |  | $ | (0.24) |
Diluted EPS | $ | (0.02) |  | $ | (0.07) |  | $ | (0.09) |  |  | $ | (0.12) |  | $ | (0.01) |  | $ | (0.13) |  |  | $ | 0.10 |  | $ | (0.06) |  | $ | 0.04 |  |  | $ | 0.30 |  | $ | (0.02) |  | $ | 0.28 |  |  | $ | (0.20) |  | $ | (0.04) |  | $ | (0.24) |
(1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $2 million, $(96) million and $(1) million for the three months ended March 31, 2024, June 30, 2024, and September 30, 2024, respectively, $(94) million for the six months ended June 30, 2024, and $(95) million for the nine months ended September 30, 2024, to conform to the current presentation.
Impacts to Consolidated Balance Sheets and Statements of Shareholders' Equity (in millions)
| December 31, 2024 |  | December 31, 2023
| As Reported | Revision | As Revised |  | As Reported | Revision | As Revised
Inventories | $ | 3,597 |  | $ | (43) |  | $ | 3,554 |  |  | $ | 3,698 |  | $ | (27) |  | $ | 3,671 |
Total Current Assets | $ | 7,632 |  | $ | (43) |  | $ | 7,589 |  |  | $ | 7,650 |  | $ | (27) |  | $ | 7,623 |
Total Assets | $ | 20,964 |  | $ | (43) |  | $ | 20,921 |  |  | $ | 21,582 |  | $ | (27) |  | $ | 21,555 |
Accounts Payable — Trade | $ | 4,052 |  | $ | 40 |  | $ | 4,092 |  |  | $ | 4,326 |  | $ | 31 |  | $ | 4,357 |
Total Current Liabilities | $ | 7,337 |  | $ | 40 |  | $ | 7,377 |  |  | $ | 7,147 |  | $ | 31 |  | $ | 7,178 |
Total Liabilities | $ | 16,058 |  | $ | 40 |  | $ | 16,098 |  |  | $ | 16,745 |  | $ | 31 |  | $ | 16,776 |
Retained Earnings | $ | 5,156 |  | $ | (75) |  | $ | 5,081 |  |  | $ | 5,086 |  | $ | (51) |  | $ | 5,035 |
Goodyear Shareholders' Equity | $ | 4,756 |  | $ | (75) |  | $ | 4,681 |  |  | $ | 4,668 |  | $ | (51) |  | $ | 4,617 |
Minority Shareholders' Equity | $ | 150 |  | $ | (8) |  | $ | 142 |  |  | $ | 169 |  | $ | (7) |  | $ | 162 |
Total Shareholders' Equity | $ | 4,906 |  | $ | (83) |  | $ | 4,823 |  |  | $ | 4,837 |  | $ | (58) |  | $ | 4,779 |
Total Liabilities and Shareholders' Equity | $ | 20,964 |  | $ | (43) |  | $ | 20,921 |  |  | $ | 21,582 |  | $ | (27) |  | $ | 21,555 |

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