v3.25.4

Net Sales | 12 Months Ended
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Dec. 31, 2025
Revenue from Contract with Customer [Abstract] |
Net Sales | Net Sales The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2025:
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total
Tire unit sales | $ | 8,798 |  |  | $ | 4,730 |  |  | $ | 1,862 |  |  | $ | 15,390 |
Other tire and related sales | 771 |  |  | 640 |  |  | 94 |  |  | 1,505 |
Retail services and service related sales | 756 |  |  | 180 |  |  | — |  |  | 936 |
Chemical sales | 423 |  |  | — |  |  | — |  |  | 423 |
Other | 20 |  |  | — |  |  | 6 |  |  | 26 |
Net Sales by reportable segment | $ | 10,768 |  |  | $ | 5,550 |  |  | $ | 1,962 |  |  | $ | 18,280 |
The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2024:
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total
Tire unit sales | $ | 9,001 |  |  | $ | 4,704 |  |  | $ | 2,288 |  |  | $ | 15,993 |
Other tire and related sales | 769 |  |  | 573 |  |  | 112 |  |  | 1,454 |
Retail services and service related sales | 742 |  |  | 148 |  |  | 15 |  |  | 905 |
Chemical sales | 504 |  |  | — |  |  | — |  |  | 504 |
Other | 17 |  |  | — |  |  | 5 |  |  | 22 |
Net Sales by reportable segment | $ | 11,033 |  |  | $ | 5,425 |  |  | $ | 2,420 |  |  | $ | 18,878 |
The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2023:
(In millions) | Americas |  | Europe, Middle East and Africa |  | Asia Pacific |  | Total
Tire unit sales | $ | 10,028 |  |  | $ | 4,924 |  |  | $ | 2,336 |  |  | $ | 17,288 |
Other tire and related sales | 790 |  |  | 532 |  |  | 89 |  |  | 1,411 |
Retail services and service related sales | 685 |  |  | 150 |  |  | 34 |  |  | 869 |
Chemical sales | 467 |  |  | — |  |  | — |  |  | 467 |
Other | 23 |  |  | — |  |  | 8 |  |  | 31 |
Net Sales by reportable segment | $ | 11,993 |  |  | $ | 5,606 |  |  | $ | 2,467 |  |  | $ | 20,066 |
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 $34 million and $13 million at December 31, 2025 and 2024, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $76 million and $6 million at December 31, 2025 and 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 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 balances of deferred revenue related to contracts with customers, and changes during the year ended December 31:
(In millions) | 2025 |  | 2024
Balance at January 1 | $ | 19 |  |  | $ | 28 |
Revenue deferred during period | 289 |  |  | 220 |
Revenue recognized during period | (201) |  |  | (230) |
Impact of foreign currency translation | 3 |  |  | 1 |
Balance at December 31 | $ | 110 |  |  | $ | 19 |

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