| 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 | | As reported | Revision | As Revised | | As reported | Revision | As Revised | | Cost of Goods Sold | $ | 15,176 | | $ | 16 | | $ | 15,192 | | | $ | 16,557 | | $ | 25 | | $ | 16,582 | | Other Expense (1) | $ | 125 | | $ | 9 | | $ | 134 | | | $ | 212 | | $ | 19 | | $ | 231 | | | Net Income (Loss) | $ | 60 | | $ | (25) | | $ | 35 | | | $ | (687) | | $ | (44) | | $ | (731) | | | Minority Shareholders’ Net Income (Loss) | $ | (10) | | $ | (1) | | $ | (11) | | | $ | 2 | | $ | (4) | | $ | (2) | | | Goodyear Net Income (Loss) | $ | 70 | | $ | (24) | | $ | 46 | | | $ | (689) | | $ | (40) | | $ | (729) | | | Comprehensive Income (Loss) | $ | 50 | | $ | (25) | | $ | 25 | | | $ | (643) | | $ | (44) | | $ | (687) | | | Comprehensive Income (Loss) Attributable to Minority Shareholders | $ | (11) | | $ | (1) | | $ | (12) | | | $ | 6 | | $ | (4) | | $ | 2 | | | Goodyear Comprehensive Income (Loss) | $ | 61 | | $ | (24) | | $ | 37 | | | $ | (649) | | $ | (40) | | $ | (689) | | | Basic EPS | $ | 0.24 | | $ | (0.08) | | $ | 0.16 | | | $ | (2.42) | | $ | (0.14) | | $ | (2.56) | | | Diluted EPS | $ | 0.24 | | $ | (0.08) | | $ | 0.16 | | | $ | (2.42) | | $ | (0.14) | | $ | (2.56) | | (1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $(93) million and $(104) million for the years ended December 31, 2024 and 2023, respectively, 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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