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Net Sales
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Net Sales NET SALES
The following tables show disaggregated net sales from contracts with customers by major source:
Three Months Ended June 30, 2025
(In millions)AmericasEurope, Middle East
and Africa		Asia PacificTotal
Tire unit sales$2,132 $1,120 $434 $3,686 
Other tire and related sales199 181 25 405 
Retail services and service related sales196 43 — 239 
Chemical sales126 — — 126 
Other9 — — 9 
Net Sales by reportable segment$2,662 $1,344 $459 $4,465 
Three Months Ended June 30, 2024
(In millions)AmericasEurope, Middle East
and Africa		Asia PacificTotal
Tire unit sales$2,175 $1,093 $566 $3,834 
Other tire and related sales196 150 23 369 
Retail services and service related sales187 36 3 226 
Chemical sales134 — — 134 
Other5 — 2 7 
Net Sales by reportable segment$2,697 $1,279 $594 $4,570 
Six Months Ended June 30, 2025
(In millions)AmericasEurope, Middle East
and Africa		Asia PacificTotal
Tire unit sales$4,140 $2,236 $885 $7,261 
Other tire and related sales374 305 46 725 
Retail services and service related sales377 80 — 457 
Chemical sales259 — — 259 
Other14 — 2 16 
Net Sales by reportable segment$5,164 $2,621 $933 $8,718 
Six Months Ended June 30, 2024
(In millions)AmericasEurope, Middle East
and Africa		Asia PacificTotal
Tire unit sales$4,297 $2,279 $1,140 $7,716 
Other tire and related sales379 282 41 702 
Retail services and service related sales356 65 12 433 
Chemical sales244 — — 244 
Other9 — 3 12 
Net Sales by reportable segment$5,285 $2,626 $1,196 $9,107 
Tire unit sales consist of consumer, commercial, farm and OTR tire sales, including the sale of new Company-branded tires through Company-owned retail channels. OTR tire sales in 2025 primarily consist of tires sold to Yokohama pursuant to our product supply agreement. Other tire and related sales consist of aviation, race and motorcycle tire sales, retread sales and other tire related sales. Sales of tires in this category are not included in reported tire unit information. Retail services and service related sales consist of automotive services performed for customers through our Company-owned retail channels, and includes service related products. Chemical sales relate to the sale of synthetic rubber and other chemicals to third parties, and exclude intercompany sales. Other sales include items such as franchise fees and ancillary tire parts.
When we receive consideration from a customer prior to transferring goods or services under the terms of a sales contract, we record deferred revenue, which represents a contract liability. Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $32 million and $13 million at June 30, 2025 and December 31, 2024, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $87 million and $6 million at June 30, 2025 and December 31, 2024, respectively. We recognize deferred revenue after we have transferred control of the goods or services to the customer and all revenue recognition criteria are met. Revenue deferred during the three and six months ended June 30, 2025 primarily relates to the product supply agreement we entered into in connection with the sale of our OTR tire business.
The following table presents the balance of deferred revenue related to contracts with customers, and changes during the six months ended June 30, 2025:
(In millions)
Balance at December 31, 2024$19 
Revenue deferred during period188 
Revenue recognized during period(90)
Impact of foreign currency translation2 
Balance at June 30, 2025$119