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Revision of Previously Issued Financial Statements (Tables)

9 Months Ended

Sep. 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)

			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

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- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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