XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.25.3

Revision of Previously Issued Financial Statements | 9 Months Ended
--- | ---
Sep. 30, 2025
Accounting Changes and Error Corrections [Abstract] |
Revision of Previously Issued Financial Statements | REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS As discussed in Note 1, in preparing the consolidated financial statements as of and for the three and nine months ended September 30, 2025, we identified errors in our previously issued financial statements related to our historical computation of currency remeasurement of our foreign operations in Turkey, which was designated as a highly inflationary economy beginning April 1, 2022. The identified errors impacted our previously issued 2022, 2023 and 2024 annual and interim financial statements. There were no impacts on previously reported cash flows from operating, investing and financing activities in any prior periods. We evaluated the errors in accordance with SEC Staff Accounting Bulletin Nos. 99 and 108 and determined that the related impacts were not material in any previously issued annual or interim financial statements. We revised the prior period amounts presented in these financial statements to correct the errors. The applicable notes to the accompanying financial statements have also been corrected to reflect the impact of the revisions of the previously filed consolidated interim financial statements. 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)
| Nine Months Ended September 30, 2024 |  | Three Months Ended September 30, 2024
| As Reported | Revision | As Revised |  | As Reported | Revision | As Revised
Cost of Goods Sold | $ | 11,218 |  | $ | 13 |  | $ | 11,231 |  |  | $ | 3,881 |  | $ | 1 |  | $ | 3,882 |
Other Expense (1) | $ | 87 |  | $ | 8 |  | $ | 95 |  |  | $ | 35 |  | $ | 1 |  | $ | 36 |
Net Loss | $ | (12) |  | $ | (21) |  | $ | (33) |  |  | $ | (34) |  | $ | (2) |  | $ | (36) |
Minority Shareholders’ Net Income (Loss) | $ | (6) |  | $ | — |  | $ | (6) |  |  | $ | — |  | $ | 1 |  | $ | 1 |
Goodyear Net Loss | $ | (6) |  | $ | (21) |  | $ | (27) |  |  | $ | (34) |  | $ | (3) |  | $ | (37) |
Comprehensive Income (Loss) | $ | 55 |  | $ | (21) |  | $ | 34 |  |  | $ | 44 |  | $ | (2) |  | $ | 42 |
Comprehensive Income (Loss) Attributable to Minority Shareholders | $ | (2) |  | $ | — |  | $ | (2) |  |  | $ | 8 |  | $ | 1 |  | $ | 9 |
Goodyear Comprehensive Income (Loss) | $ | 57 |  | $ | (21) |  | $ | 36 |  |  | $ | 36 |  | $ | (3) |  | $ | 33 |
Basic EPS | $ | (0.02) |  | $ | (0.07) |  | $ | (0.09) |  |  | $ | (0.12) |  | $ | (0.01) |  | $ | (0.13) |
Diluted EPS | $ | (0.02) |  | $ | (0.07) |  | $ | (0.09) |  |  | $ | (0.12) |  | $ | (0.01) |  | $ | (0.13) |
(1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $(1) million for the three months ended September 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
| As Reported | Revision | As Revised
Inventories | $ | 3,597 |  | $ | (43) |  | $ | 3,554 |
Total Current Assets | $ | 7,632 |  | $ | (43) |  | $ | 7,589 |
Total Assets | $ | 20,964 |  | $ | (43) |  | $ | 20,921 |
Accounts Payable — Trade | $ | 4,052 |  | $ | 40 |  | $ | 4,092 |
Total Current Liabilities | $ | 7,337 |  | $ | 40 |  | $ | 7,377 |
Total Liabilities | $ | 16,058 |  | $ | 40 |  | $ | 16,098 |
Retained Earnings | $ | 5,156 |  | $ | (75) |  | $ | 5,081 |
Goodyear Shareholders' Equity | $ | 4,756 |  | $ | (75) |  | $ | 4,681 |
Minority Shareholders' Equity | $ | 150 |  | $ | (8) |  | $ | 142 |
Total Shareholders' Equity | $ | 4,906 |  | $ | (83) |  | $ | 4,823 |
Total Liabilities and Shareholders' Equity | $ | 20,964 |  | $ | (43) |  | $ | 20,921 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 + Details
Name: | us-gaap_ErrorCorrectionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration