The Goodyear Tire & Rubber Company (GT) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Entity File Number	1-1927
Entity Registrant Name	THE GOODYEAR TIRE & RUBBER COMPANY
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0253240
Entity Address, Address Line One	200 Innovation Way
Entity Address, City or Town	Akron
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44316-0001
City Area Code	330
Local Phone Number	796-2121
Title of 12(b) Security	Common Stock, Without Par Value
Trading Symbol	GT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Outstanding		282,802,845
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0000042582
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net Sales (Note 3)	$ 5,212	$ 3,979	$ 10,120	$ 7,490
Cost of Goods Sold	4,172	3,078	8,138	5,829
Selling, Administrative and General Expense	717	658	1,405	1,222
Rationalizations (Note 4)	26	18	37	68
Interest Expense	110	97	214	176
Other (Income) Expense (Note 5)	(65)	30	(60)	64
Income before Income Taxes	252	98	386	131
United States and Foreign Tax Expense (Benefit) (Note 6)	82	27	120	42
Net Income	170	71	266	89
Less: Minority Shareholders' Net Income	4	4	4	10
Goodyear Net Income	$ 166	$ 67	$ 262	$ 79
Goodyear Net Income (Loss) — Per Share of Common Stock
Basic	$ 0.58	$ 0.27	$ 0.92	$ 0.33
Weighted Average Shares Outstanding	284	244	284	239
Diluted	$ 0.58	$ 0.27	$ 0.91	$ 0.32
Weighted Average Shares Outstanding (Note 7)	286	247	286	242

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 170	$ 71	$ 266	$ 89
Other Comprehensive Income (Loss)
Foreign currency translation, net of tax	(187)	33	(184)	(6)
Unrealized gain from securities, net of tax	0	8	0	8
Defined benefit plans:
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax	24	26	48	53
Change in net actuarial losses, net of tax	(2)	7	14	16
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures, net of tax	13	15	13	15
Deferred derivative gains (losses), net of tax	3	(1)	1	0
Reclassification adjustment for amounts recognized in income, net of tax	0	0	(1)	(2)
Other Comprehensive Income (Loss)	(149)	88	(109)	84
Comprehensive Income	21	159	157	173
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	(3)	3	(11)	2
Goodyear Comprehensive Income	$ 24	$ 156	$ 168	$ 171

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Tax on foreign currency translation	$ (6)	$ 2	$ (6)	$ 1
Tax on unrealized gains (losses) from securities	0	0	0	0
Defined benefit plans:
Tax on amortization of prior service cost and unrecognized gains and losses included in total benefit cost	(7)	(8)	(15)	(17)
Tax on (increase)/decrease in net actuarial losses	(2)	2	3	5
Tax on immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	5	4	5	4
Tax effect of deferred derivative gains (losses)	0	0	0	0
Tax effect of reclassification adjustment for amounts recognized in income	$ 0	$ 0	$ 0	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and Cash Equivalents	$ 1,248	$ 1,088
Accounts Receivable, less Allowance	3,306	2,387
Inventories:
Raw Materials	1,119	958
Work in Process	208	191
Finished Products	3,062	2,445
Inventories	4,389	3,594
Prepaid Expenses and Other Current Assets	280	262
Total Current Assets	9,223	7,331
Goodwill	995	1,004
Intangible Assets	1,023	1,039
Deferred Income Taxes (Note 6)	1,512	1,596
Other Assets	1,099	1,106
Operating Lease Right-of-Use Assets	1,008	981
Property, Plant and Equipment, less Accumulated Depreciation	8,041	8,345
Total Assets	22,901	21,402
Current Liabilities:
Accounts Payable — Trade	4,593	4,148
Compensation and Benefits (Notes 11 and 12)	657	689
Other Current Liabilities	830	822
Notes Payable and Overdrafts (Note 9)	519	406
Operating Lease Liabilities due Within One Year	206	204
Long Term Debt and Finance Leases due Within One Year (Note 9)	316	343
Total Current Liabilities	7,121	6,612
Operating Lease Liabilities	844	819
Long Term Debt and Finance Leases (Note 9)	7,569	6,648
Compensation and Benefits (Notes 11 and 12)	1,293	1,445
Deferred Income Taxes (Note 6)	134	135
Other Long Term Liabilities	593	559
Total Liabilities	17,554	16,218
Commitments and Contingent Liabilities (Note 13)
Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares - 282 million in 2022 and 2021	282	282
Capital Surplus	3,114	3,107
Retained Earnings	5,835	5,573
Accumulated Other Comprehensive Loss	(4,057)	(3,963)
Goodyear Shareholders’ Equity	5,174	4,999
Minority Shareholders’ Equity — Nonredeemable	173	185
Total Shareholders’ Equity	5,347	5,184
Total Liabilities and Shareholders’ Equity	$ 22,901	$ 21,402

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for Accounts Receivable	$ 112	$ 123
Accumulated Depreciation	$ 11,045	$ 11,130
Common Stock, par value (in dollars per share)	$ 0	$ 0
Common Stock, shares authorized (in shares)	450,000,000	450,000,000
Common Stock, shares outstanding (in shares)	282,000,000	282,000,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive Loss	Goodyear Shareholders' Equity	Minority Shareholders' Equity - Non-Redeemable
Beginning balance at Dec. 31, 2020	$ 3,259	$ 233	$ 2,171	$ 4,809	$ (4,135)	$ 3,078	$ 181
Common stock beginning balance (in shares) at Dec. 31, 2020		233,220,098
Net Income	18			12		12	6
Other comprehensive income (loss)	(4)				3	3	(7)
Comprehensive Income (Loss)	14					15	(1)
Stock-based compensation plans	4		4			4
Common stock issued from treasury	9	$ 2	7			9
Common stock issued from treasury (in shares)		1,759,931
Ending balance at Mar. 31, 2021	3,286	$ 235	2,182	4,821	(4,132)	3,106	180
Common stock ending balance (in shares) at Mar. 31, 2021		234,980,029
Beginning balance at Dec. 31, 2020	3,259	$ 233	2,171	4,809	(4,135)	3,078	181
Common stock beginning balance (in shares) at Dec. 31, 2020		233,220,098
Net Income	89
Other comprehensive income (loss)	84
Comprehensive Income (Loss)	173
Ending balance at Jun. 30, 2021	4,411	$ 281	3,086	4,888	(4,043)	4,212	199
Common stock ending balance (in shares) at Jun. 30, 2021		281,192,272
Beginning balance at Mar. 31, 2021	3,286	$ 235	2,182	4,821	(4,132)	3,106	180
Common stock beginning balance (in shares) at Mar. 31, 2021		234,980,029
Net Income	71			67		67	4
Other comprehensive income (loss)	88				89	89	(1)
Comprehensive Income (Loss)	159					156	3
Common stock issued	938	$ 46	892			938
Common stock issued (in shares)		45,824,480
Stock-based compensation plans	6		6			6
Dividends declared	(5)						5
Common stock issued from treasury	6		6			6
Common stock issued from treasury (in shares)		387,763
Acquisition of Cooper Tire's Minority Interest	21						21
Ending balance at Jun. 30, 2021	4,411	$ 281	3,086	4,888	(4,043)	4,212	199
Common stock ending balance (in shares) at Jun. 30, 2021		281,192,272
Beginning balance at Dec. 31, 2021	$ 5,184	$ 282	3,107	5,573	(3,963)	4,999	185
Common stock beginning balance (in shares) at Dec. 31, 2021	282,000,000	281,793,223
Net Income	$ 96			96		96
Other comprehensive income (loss)	40				48	48	(8)
Comprehensive Income (Loss)	136					144	(8)
Stock-based compensation plans	7		7			7
Common stock issued from treasury	(5)		(5)			(5)
Common stock issued from treasury (in shares)		635,149
Ending balance at Mar. 31, 2022	5,322	$ 282	3,109	5,669	(3,915)	5,145	177
Common stock ending balance (in shares) at Mar. 31, 2022		282,428,372
Beginning balance at Dec. 31, 2021	$ 5,184	$ 282	3,107	5,573	(3,963)	4,999	185
Common stock beginning balance (in shares) at Dec. 31, 2021	282,000,000	281,793,223
Net Income	$ 266
Other comprehensive income (loss)	(109)
Comprehensive Income (Loss)	157
Ending balance at Jun. 30, 2022	$ 5,347	$ 282	3,114	5,835	(4,057)	5,174	173
Common stock ending balance (in shares) at Jun. 30, 2022	282,000,000	282,471,233
Beginning balance at Mar. 31, 2022	$ 5,322	$ 282	3,109	5,669	(3,915)	5,145	177
Common stock beginning balance (in shares) at Mar. 31, 2022		282,428,372
Net Income	170			166		166	4
Other comprehensive income (loss)	(149)				(142)	(142)	(7)
Comprehensive Income (Loss)	21					24	(3)
Stock-based compensation plans	5		5			5
Dividends declared	(1)						1
Common stock issued from treasury (in shares)		42,861
Ending balance at Jun. 30, 2022	$ 5,347	$ 282	$ 3,114	$ 5,835	$ (4,057)	$ 5,174	$ 173
Common stock ending balance (in shares) at Jun. 30, 2022	282,000,000	282,471,233

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common treasury shares (in shares)	41,816,674	43,095,635	41,816,674	43,095,635	41,859,535	42,494,684	43,483,398	45,243,329
Cash dividends declared per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities:
Net Income	$ 266	$ 89
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:
Depreciation and Amortization	481	405
Amortization and Write-Off of Debt Issuance Costs	8	9
Amortization of Inventory Fair Value Adjustment Related to the business Acquisition	0	38
Transaction and Other Costs Related to the Cooper Tire Acquisition	0	55
Cash Payments for Transaction and Other Costs Related to the Cooper Tire Acquisition	(2)	(33)
Provision for Deferred Income Taxes (Note 6)	42	(66)
Net Pension Curtailments and Settlements	18	19
Net Rationalization Charges (Note 4)	37	68
Rationalization Payments	(59)	(123)
Net (Gains) Losses on Asset Sales (Note 5)	(98)	0
Operating Lease Expense	150	143
Operating Lease Payments	(139)	(133)
Pension Contributions and Direct Payments	(33)	(22)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:
Accounts Receivable	(1,024)	(545)
Inventories	(890)	(542)
Accounts Payable — Trade	672	547
Compensation and Benefits	(44)	90
Other Current Liabilities	21	(42)
Other Assets and Liabilities	61	(28)
Total Cash Flows from Operating Activities	(533)	(71)
Cash Flows from Investing Activities:
Acquisition of Cooper Tire, net of cash and restricted cash acquired	0	(1,856)
Capital Expenditures	(511)	(385)
Cash Proceeds from Sale and Leaseback Transaction (Note 5)	108
Asset Dispositions	24	0
Short Term Securities Acquired	(41)	(57)
Short Term Securities Redeemed	44	58
Notes Receivable	(24)	(7)
Other Transactions	(3)	14
Total Cash Flows from Investing Activities	(403)	(2,233)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	723	522
Short Term Debt and Overdrafts Paid	(579)	(446)
Long Term Debt Incurred	5,312	4,855
Long Term Debt Paid	(4,327)	(3,042)
Common Stock Issued	(5)	9
Transactions with Minority Interests in Subsidiaries	(1)	(5)
Debt Related Costs and Other Transactions	9	(73)
Total Cash Flows from Financing Activities	1,132	1,820
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	(33)	(6)
Net Change in Cash, Cash Equivalents and Restricted Cash	163	(490)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	1,164	1,624
Cash, Cash Equivalents and Restricted Cash at End of the Period	$ 1,327	$ 1,134

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Accounting Policies	NOTE 1. ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared by The Goodyear Tire & Rubber Company (the “Company,” “Goodyear,” “we,” “us” or “our”) in accordance with Securities and Exchange Commission (“SEC”) rules and regulations and generally accepted accounting principles in the United States of America ("U.S. GAAP") and in the opinion of management contain all adjustments (including normal recurring adjustments) necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”). Operating results for t he three and six months ended June 30, 2022 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2022. Recently Issued Accounting Standards In November 2021, the Financial Accounting Standards Board issued an accounting standards update on the disclosure of certain types of government assistance. Specifically, on an annual basis, entities will be required to make certain disclosures for transactions with a government that are accounted for by analogizing to a grant model. The standards update is effective either prospectively or retrospectively for annual periods beginning after December 15, 2021, with early adoption permitted. We are currently assessing the impact of this standards update on our disclosures in the notes to consolidated financial statements. Principles of Consolidation The consolidated financial statements include the accounts of all legal entities in which we hold a controlling financial interest. A controlling financial interest generally arises from our ownership of a majority of the voting shares of our subsidiaries. We would also hold a controlling financial interest in variable interest entities if we are considered to be the primary beneficiary. Investments in companies in which we do not own a majority interest and we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are primarily carried at cost. All intercompany balances and transactions have been eliminated in consolidation. Restricted Cash The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows: June 30, (In millions) 2022 2021 Cash and Cash Equivalents $ 1,248 $ 1,030 Restricted Cash (1) 79 104 Total Cash, Cash Equivalents and Restricted Cash $ 1,327 $ 1,134 (1) Includes remaining Cooper Tire & Rubber Company ("Cooper Tire") restricted cash acquired of $ 21 million and $ 50 million at June 30, 2022 and June 30, 2021, respectively. Restricted Cash primarily represents amounts required to be set aside in relation to (i) accounts receivable factoring programs and (ii) change-in-control provisions of certain Cooper Tire compensation plans. The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables or as the compensation payments are made, respectively. At June 30, 2022, $ 65 million and $ 14 mi llion were recorded in Prepaid Expenses and Other Current Assets and Other Assets in the Consolidated Balance Sheets, respectively. At June 30, 2021 , $ 86 million and $ 18 million were rec orded in Prepaid Expenses and Other Current Assets and Other Assets in the Consolidated Balance Sheets, respectively. Reclassifications and Adjustments Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation. In the second quarter of 2021, we recorded an out of period adjustment of $ 8 million of income related to accrued freight charges in Americas. Additionally, in the first quarter of 2021, we recorded out of period adjustments totaling $ 20 million of expense, primarily related to the valuation of inventory in Americas. The adjustments related to the years, and interim periods therein, of 2016 to 2020. The adjustments did not have a material effect on any of the periods impacted.

Cooper Tire Acquisition

Cooper Tire Acquisition	6 Months Ended
	Jun. 30, 2022
Cooper Tire
Business Acquisition [Line Items]
Cooper Tire Acquisition	NOTE 2. COOPER TIRE ACQUISITION On June 7, 2021 (the "Closing Date"), we completed our acquisition of Cooper Tire for cash and stock consideration totaling approximately $ 3.1 billion (the "Merger Consideration"). Under the acquisition method of accounting, the Merger Consideration is allocated, as of the Closing Date, to the identifiable assets acquired and liabilities assumed of Cooper Tire, which are recognized and measured at fair value based on management’s estimates, available information and supportable assumptions that management considers reasonable. During the second quarter of 2022, we finalized our valuation of the identified assets acquired and liabilities assumed. No significant measurement period changes were recorded during the three or six months ended June 30, 2022. Principal changes since our initial measurement in the second quarter of 2021 include (i) decreasing the value attributed to customer relationships primarily to reflect updated assumptions related to customer attrition rates, (ii) updating the value attributed to trade names to reflect our long-term view of how each acquired brand fits into the overall product portfolio of the combined company and the appropriate royalty rate to value each acquired brand based on expected profitability, (iii) decreasing the value attributed to Property, Plant and Equipment primarily to reflect updated assumptions related to the estimated economic value of certain underlying assets, (iv) decreasing the value attributed to pension and other postretirement benefit liabilities primarily to reflect updated plan population data, (v) increasing the value attributed to a liability for environmental matters primarily to reflect updated estimated lifecycle remediation cost data and recording other liabilities identified during the measurement period, and (vi) a reclassification between Accounts Receivable and Accounts Payable to conform to Goodyear's classification of customer rebate and discount program liabilities. These adjustments were recorded net of adjustments to Deferred Tax Liabilities with the corresponding offset recorded to Goodwill, as applicable. The following table sets forth cumulative measurement period changes since the Closing Date, as well as the final and initial allocation of the Merger Consideration to the estimated fair value of the identifiable tangible and intangible assets acquired and liabilities assumed of Cooper Tire, with the excess recorded to Goodwill as of the Closing Date: (In millions) Final Cumulative Initial Cash and Cash Equivalents $ 231 $ — $ 231 Accounts Receivable 538 ( 83 ) 621 Inventories 708 15 693 Property, Plant and Equipment 1,346 ( 26 ) 1,372 Goodwill 633 158 475 Intangible Assets 926 ( 160 ) 1,086 Other Assets 360 ( 2 ) 362 4,742 ( 98 ) 4,840 Accounts Payable — Trade 384 ( 80 ) 464 Compensation and Benefits 356 ( 30 ) 386 Debt, Finance Leases and Notes Payable and Overdrafts 151 — 151 Deferred Tax Liabilities, net 292 ( 55 ) 347 Other Liabilities 441 67 374 Minority Equity 21 — 21 1,645 ( 98 ) 1,743 Merger Consideration $ 3,097 $ — $ 3,097 The estimated value of Inventory includes adjustments totaling $ 245 million, comprised of $ 135 million primarily to adjust inventory valued on a last-in, first-out ("LIFO") basis to a current cost basis and $ 110 millio n to step-up inventory to estimated fair value. The fair value step-up was fully amortized to Cost of Goods Sold ("CGS") in 2021, including $ 38 million during the second quarter of 2021, as the related inventory was sold. We eliminated the LIFO reserve on Cooper Tire’s U.S. inventories as we predominately determine the value of our inventory using the first-in, first-out ("FIFO") method. To estimate the fair value of inventory, we considered the components of Cooper Tire’s inventory, as well as estimates of selling prices and selling and distribution costs that were based on Cooper Tire’s historical experience. The estimated value of Property, Plant and Equipment includes adjustments totaling $ 138 million to increase the net book value of $ 1,208 million to the final fair value estimate of $ 1,346 million. This estimate is based on a combination of cost and market approaches, including appraisals, and expectations as to the duration of time we expect to realize benefits from those assets. The estimated fair values of identifiable intangible assets acquired were prepared using an income valuation approach, which requires a forecast of expected future cash flows either through the use of the relief-from-royalty method or the multi-period excess earnings method. The estimated useful lives are based on our historical experience and expectations as to the duration of time we expect to realize benefits from those assets. The estimated fair values of the identifiable intangible assets acquired, their weighted average estimated useful lives and the related valuation methodology are as follows: (In millions, except years) Final Cumulative Initial Weighted Average Valuation Methodology Trade names (indefinite-lived) $ 560 $ 250 $ 310 N/A Relief-from-royalty Trade names (definite-lived) 10 ( 30 ) 40 14 years Relief-from-royalty Customer relationships 350 ( 380 ) 730 12 years Multi-period excess earnings Non-compete and other 6 — 6 2 years Discounted cash flow $ 926 $ ( 160 ) $ 1,086 A ll of the Goodwil l was allocated to our Americas segment. The goodwill consists of expected future economic benefits that will arise from expected future product sales, operating efficiencies and other synergies that may result from the acquisition, including income tax synergies, and is not deductible for tax purposes. Net sales and CGS related to Cooper Tire’s operations that have been included in our Consolidated Statements of Operations for the three months ended June 30, 202 2 are $ 919 million and $ 710 million, r espectively, and for the six months ended June 30, 2022 are $ 1,788 million and $ 1,429 milli on, respectively. Net Sales and CGS related to Cooper Tire's operations that have been included in our Consolidated Statements of Operations for both the three and six months ended June 30, 2021 are $ 256 million and $ 236 million, respectively. As a result of our ongoing integration efforts, particularly as it relates to administrative functions and financing activities, we did not present stand-alone Income before Income Taxes or Net Income for Cooper Tire for these periods. During the three and six months ended June 30, 2021, we incurred transaction and other costs in connection with the acquisition of Cooper Tire totaling $ 48 million and $ 55 million, respectively, including $ 10 million for a commitment fee related to a bridge term loan facility that was not utilized to finance the transaction and $ 6 million related to the post-combination settlement of certain Cooper Tire incentive compensation awards during the second quarter of 2021. In the three and six months ended June 30, 2021, $ 42 million and $ 49 million of these costs, respectively, are included in Other (Income) Expense, with the remainder included in CGS and Selling, Administrative and General Expense ("SAG") in our Consolidated Statements of Operations. There were no related transaction costs incurred during the three and six months ended June 30, 2022. Pro forma financial information The following table summarizes, on a pro forma basis, the combined results of operations of Goodyear and Cooper Tire for the three and six months ended June 30, 2021, as though the acquisition and the related financing had occurred as of January 1, 2020. The pro forma results are not necessarily indicative of either the actual consolidated results had the acquisition of Cooper Tire occurred on January 1, 2020, nor are they indicative of future consolidated operating results. (In millions) Three Months Ended Six Months Ended Net Sales $ 4,563 $ 8,744 Income before Income Taxes 244 344 Goodyear Net Income 178 241 These pro forma amounts have been calculated after applying Goodyear’s accounting policies and making certain adjustments, which primarily include: (i) depreciation adjustments relating to fair value step-ups to property, plant and equipment; (ii) amortization adjustments relating to fair value estimates of acquired intangible assets; (iii) incremental interest expense associated with the $ 1.45 billion senior note issuance and additional borrowings under our first lien revolving credit facility used, in part, to fund the acquisition, related debt issuance costs, and fair value adjustments related to Cooper Tire's debt; (iv) CGS adjustments relating to the change from LIFO to FIFO; (v) fair value adjustments for certain Cooper Tire stock-based compensation; and (vi) transaction related costs of both Goodyear and Cooper Tire.

Net Sales

Net Sales	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Net Sales	NOTE 3. NET SALES The following tables show disaggregated net sales from contracts with customers by major source: Three Months Ended June 30, 2022 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 2,626 $ 1,301 $ 536 $ 4,463 Other tire and related sales 194 164 19 377 Retail services and service related sales 166 32 12 210 Chemical sales 154 — — 154 Other 7 — 1 8 Net Sales by reportable segment $ 3,147 $ 1,497 $ 568 $ 5,212 Three Months Ended June 30, 2021 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 1,777 $ 1,085 $ 455 $ 3,317 Other tire and related sales 170 114 22 306 Retail services and service related sales 155 29 15 199 Chemical sales 149 — — 149 Other 5 2 1 8 Net Sales by reportable segment $ 2,256 $ 1,230 $ 493 $ 3,979 Six Months Ended June 30, 2022 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 5,059 $ 2,576 $ 1,069 $ 8,704 Other tire and related sales 365 281 41 687 Retail services and service related sales 306 66 23 395 Chemical sales 319 — — 319 Other 13 — 2 15 Net Sales by reportable segment $ 6,062 $ 2,923 $ 1,135 $ 10,120 Six Months Ended June 30, 2021 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 3,171 $ 2,207 $ 909 $ 6,287 Other tire and related sales 310 193 44 547 Retail services and service related sales 291 57 31 379 Chemical sales 262 — — 262 Other 9 4 2 15 Net Sales by reportable segment $ 4,043 $ 2,461 $ 986 $ 7,490 Tire unit sales consist of consumer, commercial, farm and off-the-road tire sales, including the sale of new Company-branded tires through Company-owned retail channels. 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 $ 21 million and $ 23 million at June 30, 2022 and December 31, 2021, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $ 18 mi llion and $ 21 million at June 30, 2022 and December 31, 2021, 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. The following table presents the balance of deferred revenue related to contracts with customers, and changes during the six months ended June 30, 2022: (In millions) Balance at December 31, 2021 $ 44 Revenue deferred during period 44 Revenue recognized during period ( 48 ) Impact of foreign currency translation ( 1 ) Balance at June 30, 2022 $ 39

Costs Associated with Rationali

Costs Associated with Rationalization Programs	6 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Costs Associated with Rationalization Programs	NOTE 4. COSTS ASSOCIATED WITH RATIONALIZATION PROGRAMS In order to maintain our global competitiveness, we have implemented rationalization actions over the past several years to reduce high-cost and excess manufacturing capacity and operating and administrative costs. The following table presents a roll-forward of the liability balance between periods: Associate- (In millions) Related Costs Other Costs Total Balance at December 31, 2021 $ 88 $ — $ 88 2022 Charges 27 12 39 Incurred, net of foreign currency translation of $( 2 ) million and $ 0 million, respectively ( 49 ) ( 12 ) ( 61 ) Reversed to the Statement of Operations ( 2 ) — ( 2 ) Balance at June 30, 2022 $ 64 $ — $ 64 During the second quarter of 2022, we approved a plan related to the integration of Cooper Tire aimed at reducing duplicative global SAG headcount and closing redundant Cooper Tire warehouse locations in Americas in line with previously announced planned synergies. Total expected charges related to the plan are $ 54 million, of which $ 44 million represents cash charges primarily for associate severance and other exit benefits. The remainder of the charges represent primarily accelerated depreciation. The plan will result in approximately 490 job reductions. We have $ 19 million accrued related to this plan at June 30, 2022, which is expected to be substantially paid through 2023. The remainder of the accrual balance at June 30, 2022 is expected to be substantially utilized in the next 12 months and includes $ 21 million related to plans to reduce SAG headcount, $ 5 million related to the permanent closure of our Gadsden, Alabama tire manufacturing facility ("Gadsden"), $ 5 million related to the closed Amiens, France tire manufacturing facility, and various other plans to reduce headcount and improve operating efficiency. The following table shows net rationaliza tion charges included in Income before Income Taxes: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Current Year Plans Associate Severance and Other Related Costs $ 22 $ — $ 22 $ 20 Current Year Plans - Net Charges $ 22 $ — $ 22 $ 20 Prior Year Plans Associate Severance and Other Related Costs $ — $ 8 $ 4 $ 28 Other Exit Costs 4 10 11 20 Prior Year Plans - Net Charges $ 4 $ 18 $ 15 $ 48 Total Net Charges $ 26 $ 18 $ 37 $ 68 Substantially all of the new charges for the three and six months ended June 30, 2022 and 2021 relate to future cash outflows. Net current year plan charges for the three and six months ended June 30, 2022 are primarily due to the Cooper Tire integration related plan discussed above. Net current year plan charges for the six months ended June 30, 2021 primarily relate to a plan to reduce SAG headcount in Europe, Middle East and Africa (“EMEA”). Net prior year plan charges for the three and six months ended June 30, 2022 included $ 4 million and $ 11 million, respectively, related to the permanent closure of Gadsden, $ 1 million and $ 6 million, respectively, related to the modernization of two of our tire manufacturing facilities in Germany, and reversals of $ 1 million and $ 2 million, respectively, for actions no longer needed for their originally intended purpose. Net prior year plan charges for the three and six months ended June 30, 2021 included $ 7 million and $ 21 million, respectively, related to the modernization of two of our tire manufacturing facilities in Germany, $ 9 million and $ 17 million, respectively, related to the permanent closure of Gadsden, and $ 2 million and $ 10 million, respectively, related to various other plans to reduce headcount and improve operating efficiency. Ongoing rationalization plans had approximately $ 830 million in charges incurred prior to 2022 and approximately $ 60 million is expected to be incurred in future periods. Approximately 490 associates will be released under the new plan initiated in the second quarter of 2022, of which approximately 60 were released through June 30, 2022. In the first six months of 2022 , approximately 100 associates were released under plans initiated in prior years. Approximately 550 associates remain to be released under all ongoing rationalization plans.

Other (Income) Expense

Other (Income) Expense	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other (Income) Expense	NOTE 5. OTHER (INCOME) EXPENSE Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Non-service related pension and other postretirement benefits cost $ 29 $ 32 $ 42 $ 49 Interest income on a favorable indirect tax ruling in Brazil — ( 48 ) — ( 48 ) Financing fees and financial instruments expense 10 17 17 25 Net foreign currency exchange (gains) losses ( 1 ) — 1 10 General and product liability expense - discontinued products 2 2 3 3 Royalty income ( 6 ) ( 5 ) ( 17 ) ( 10 ) Net (gains) losses on asset sales ( 95 ) — ( 98 ) — Interest income ( 6 ) ( 5 ) ( 11 ) ( 11 ) Transaction costs — 32 — 39 Miscellaneous (income) expense 2 5 3 7 $ ( 65 ) $ 30 $ ( 60 ) $ 64 Non-service related pension and other postretirement benefits cost consists primarily of the interest cost, expected return on plan assets and amortization components of net periodic cost, as well as curtailments and settlements which are not related to rationalization plans. For further information, refer to Note to the Consolidated Financial Statements No. 11, Pension, Savings and Other Postretirement Benefit Plans. We, along with other companies, had previously filed various claims with the Brazilian tax authorities challenging the legality of the government's calculation of certain indirect taxes dating back to 2001. During the second quarter of 2021, the Brazilian Supreme Court rendered a final ruling that was favorable to companies on the remaining open aspects of these claims. As a result of the ruling, we recorded a gain in CGS of $ 69 million and related interest income of $ 48 million in Other (Income) Expense. Financing fees and financial instruments expense consists of commitment fees and charges incurred in connection with financing transactions. Financing fees and financial instruments expense for the three and six months ended June 30, 2021 includes a $ 10 million charge for a commitment fee on a bridge term loan facility related to the Cooper Tire acquisition that was not utilized and was terminated upon the closing of the transaction. Net foreign currency exchange (gains) losses include $ 7 million of expense in the first quarter of 2021 related to the out of period adjustments discussed in Note to the Consolidated Financial Statements No. 1, Accounting Policies. Royalty income of $ 6 million and $ 17 million, respectively, for the three and six months ended June 30, 2022 increased compared to 2021 primarily due to an increase in chemical royalties in Americas. Net gains on asset sales for the three and six months ended June 30, 2022 include a $ 95 million one-time gain related to a sale and leaseback transaction for certain consumer and commercial retail locations in Americas. Cash proceeds, which were received during the second quarter of 2022, related to this transaction totaled $ 108 million. Leaseback terms for all locations include a 15-year initial term with up to six 5-year renewal options. We have determined it is not probable that we will exercise any of the renewal options. The transaction resulted in the recognition of Operating Lease Right-of-Use Assets totaling $ 57 million. Transaction costs include legal, consulting and other expenses incurred by us in connection with the Cooper Tire acquisition in 2021. Other (Income) Expense also includes general and product liability expense - discontinued products, whic h consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries, and interest income.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 6. INCOME TAXES For the second quarter of 2022, we recorded income tax expense of $ 82 million on income before income taxes of $ 252 million. For the first six months of 2022, we recorded income tax expense of $ 120 million on income before income taxes of $ 386 million. Income tax expense for the three and six months ended June 30, 2022 includes net discrete tax expense of $ 14 million and $ 18 million, respectively. Discrete tax expense for the second quarter of 2022 includes a charge of $ 14 million to write off deferred tax assets related to tax loss carryforwards in the UK. Discrete tax expense for the first six months of 2022 also includes a charge of $ 11 million to establish a full valuation allowance on our net deferred tax assets in Russia, partially offset by a net benefit of $ 7 million for various other items. For the second quarter of 2021, we recorded income tax expense of $ 27 million on income before income taxes of $ 98 million. For the first six months of 2021, we recorded income tax expense of $ 42 millio n on income before income taxes of $ 131 million. Income tax expense for the three and six months ended June 30, 2021 includes net discrete tax benefits of $ 32 million and $ 29 million, respectively, primarily related to adjusting our deferred tax assets in England for an enacted increase in the tax rate, partially offset by net discrete charges for various other items, including the settlement of a tax audit in Poland. We record taxes based on overall estimated annual effective tax rates. The difference between our effective tax rate and the U.S. statutory rate of 21 % for both the three and six months ended June 30, 2022 primarily relates to losses in foreign jurisdictions in which no tax benefits are recorded and the discrete items noted above. The difference between our effective tax rate and the U.S. statutory tax rate of 21 % for both the three and six months ended June 30, 2021 primarily relat es to the tax on a favorable indirect tax ruling in Brazil, losses in foreign jurisdictions in which no tax benefits are recorded, and the discrete items noted above. We consider both positive and negative evidence when measuring the need for a valuation allowance. The weight given to the evidence is commensurate with the extent to which it may be objectively verified. Current and cumulative financial reporting results are a source of objectively verifiable evidence. We give operating results during the most recent three-year period a significant weight in our analysis. We typically only consider forecasts of future profitability when positive cumulative operating results exist in the most recent three-year period. We perform scheduling exercises to determine if sufficient taxable income of the appropriate character exists in the periods required in order to realize our deferred tax assets with limited lives (such as tax loss carryforwards and tax credits) prior to their expiration. We also consider prudent tax planning strategies (including an assessment of their feasibility) to accelerate taxable income if required to utilize expiring deferred tax assets. A valuation allowance is not required to the extent that, in our judgment, positive evidence exists with a magnitude and duration sufficient to result in a conclusion that it is more likely than not that our deferred tax assets will be realized. At both June 30, 2022 and December 31, 2021, we had approximately $ 1.2 billion of U.S. federal, state and local net deferred tax assets, net of valuation allowances totaling $ 26 million primarily for state tax loss carryforwards with limited lives. In the U.S., we have a cumulative loss for the three-year period ending June 30, 2022. However, as the three-year cumulative loss in the U.S. is driven by business disruptions created by the COVID-19 pandemic, primarily in 2020, and only include the favorable impact of the Cooper Tire acquisition since the Closing Date, we also considered other objectively verifiable information in assessing our ability to utilize our net deferred tax assets, including continued favorable overall volume trends in the tire industry and our tire volume compared to 2020 levels. In addition, the Cooper Tire acquisition has generated significant incremental domestic earnings since the Closing Date and provides opportunities for cost and other operating synergies to further improve our U.S. profitability. At both June 30, 2022 and December 31, 2021, our U.S. net deferred tax assets include $ 339 million of foreign tax credits with limited lives, net of valuation allowances of $ 3 million. Our earnings and forecasts of future profitability, taking into consideration recent trends, along with three significant sources of foreign income, provide us sufficient positive evidence that we will be able to utilize these net foreign tax credits which expire through 2030 . Our sources of foreign income are (1) 100% of our domestic profitability can be re-characterized as foreign source income under curre nt U.S. tax law to the extent domestic losses have offset foreign source income in prior years, (2) annual net foreign source income, exclusive of dividends, primarily from royalties, and (3) tax planning strategies, including capitalizing research and development costs, accelerating income on cross border transactions, including sales of inventory or raw materials to our subsidiaries, and reducing U.S. interest expense by, for example, reducing intercompany loans through repatriating current year earnings of foreign subsidiaries, all of which would increase our domestic profitability. We consider our current forecasts of future profitability in assessing our ability to realize our deferred tax assets, including our foreign tax credits. These forecasts include the impact of recent trends, including various macroeconomic factors such as the impact of higher raw material, transportation, labor and energy costs, on our profitability, as well as the impact of tax planning strategies. These macroeconomic factors possess a high degree of volatility and can significantly impact our profitability. As such, there is a risk that future earnings will not be sufficient to fully utilize our U.S. net deferred tax assets, including our foreign tax credits. However, we believe our forecasts of future profitability along with the three significant sources of foreign income described above provide us sufficient positive, objectively verifiable evidence to conclude that it is more likely than not that, at June 30, 2022, our U.S. net deferred tax assets, including our foreign tax credits, net of valuation allowances, will be fully utilized. At June 30, 2022 and December 31, 2021, we also had approximately $ 1.2 billion and $ 1.3 billion of foreign net deferred tax assets, respectively, and related valuation allowances of $ 1.0 billion. Our losses in various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of these net foreign deferred tax assets. Most notably, in Luxembourg, we maintain a valuation allowance of approximately $ 800 million on all of our net deferred tax assets. Each reporting period, we assess available positive and negative evidence and estimate if sufficient future taxable income will be generated to utilize these existing deferred tax assets. We do not believe that sufficient positive evidence required to release valuation allowances having a significant impact on our financial position or results of operations will exist within the next twelve months. For the six months ended June 30, 2022, changes to our unrecognized tax benefits did not, and for the full year of 2022 are not expected to, have a significant impact on our financial position or results of operations. We are open to examination in the United States for 2021 and in Germany from 2018 onward. Generally, for our remaining tax jurisdictions, years from 2017 onward are still open to examination.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 7. EARNINGS PER SHARE Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are calculated to reflect the potential dilution that could occur if securities or other contracts were exercised or converted into common stock. Basic and diluted earnings per common share are calculated as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions, except per share amounts) 2022 2021 2022 2021 Earnings per share — basic: Goodyear net income $ 166 $ 67 $ 262 $ 79 Weighted average shares outstanding 284 244 284 239 Earnings per common share — basic $ 0.58 $ 0.27 $ 0.92 $ 0.33 Earnings per share — diluted: Goodyear net income $ 166 $ 67 $ 262 $ 79 Weighted average shares outstanding 284 244 284 239 Dilutive effect of stock options and other dilutive securities 2 3 2 3 Weighted average shares outstanding — diluted 286 247 286 242 Earnings per common share — diluted $ 0.58 $ 0.27 $ 0.91 $ 0.32 Weighted average shares outstanding — diluted for both the three and six months ended June 30, 2022 and the three and six months ended June 30, 2021 excludes approximately 2 million equivalent shares related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options).

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments	NOTE 8. BUSINESS SEGMENTS Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Sales: Americas $ 3,147 $ 2,256 $ 6,062 $ 4,043 Europe, Middle East and Africa 1,497 1,230 2,923 2,461 Asia Pacific 568 493 1,135 986 Net Sales $ 5,212 $ 3,979 $ 10,120 $ 7,490 Segment Operating Income: Americas $ 293 $ 233 $ 509 $ 347 Europe, Middle East and Africa 52 43 111 117 Asia Pacific 19 23 47 61 Total Segment Operating Income $ 364 $ 299 $ 667 $ 525 Less: Rationalizations (Note 4) $ 26 $ 18 $ 37 $ 68 Interest expense 110 97 214 176 Other (income) expense (Note 5) ( 65 ) 30 ( 60 ) 64 Corporate incentive compensation plans 21 24 40 33 Retained expenses of divested operations 4 4 7 7 Other 16 28 43 46 Income before Income Taxes $ 252 $ 98 $ 386 $ 131 Rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs, and net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense, were not charged to the strategic business units ("SBUs") for performance evaluation purposes but were attributable to the SBUs as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Rationalizations: Americas $ 11 $ 8 $ 18 $ 18 Europe, Middle East and Africa 9 7 14 44 Asia Pacific 1 — — — Total Segment Rationalizations $ 21 $ 15 $ 32 $ 62 Corporate 5 3 5 6 $ 26 $ 18 $ 37 $ 68 Net (Gains) Losses on Asset Sales: Americas $ ( 95 ) $ — $ ( 98 ) $ — Total Segment Net (Gains) Losses on Asset Sales $ ( 95 ) $ — $ ( 98 ) $ —

Financing Arrangements and Deri

Financing Arrangements and Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
Financing Arrangements And Derivative Financial Instruments [Abstract]
Financing Arrangements and Derivative Financial Instruments	NOTE 9. FINANCING ARRANGEMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS At June 30, 2022, we had total credit arrangements of $ 11,475 million, of which $ 3,210 million were unused. At that date, approximately 27 % of our debt was at variable interest rates averaging 4.07 %. Notes Payable and Overdrafts, Long Term Debt and Finance Leases due Within One Year and Short Term Financing Arrangements At June 30, 2022, we had short term committed and uncommitted credit arrangements totaling $ 826 million, of which $ 294 million were unused. These arrangements are available primarily to certain of our foreign subsidiaries through various banks at quoted market interest rates. The following table presents amounts due within one year: June 30, December 31, (In millions) 2022 2021 Chinese credit facilities $ 71 $ 37 Other foreign and domestic debt 448 369 Notes Payable and Overdrafts $ 519 $ 406 Weighted average interest rate 4.46 % 2.78 % Chinese credit facilities $ 154 $ 124 Other foreign and domestic debt (including finance leases) 162 219 Long Term Debt and Finance Leases due Within One Year $ 316 $ 343 Weighted average interest rate 5.45 % 5.25 % Total obligations due within one year $ 835 $ 749 Long Term Debt and Finance Leases and Financing Arrangements At June 30, 2022, we had long term credit arrangements totaling $ 10,649 million, of which $ 2,916 million were unused. The following table presents long term debt and finance leases, net of unamortized discounts, and interest rates: June 30, 2022 December 31, 2021 Interest Interest (In millions) Amount Rate Amount Rate Notes: 9.5 % due 2025 $ 802 $ 802 5 % due 2026 900 900 4.875 % due 2027 700 700 7.625 % due 2027 133 135 7 % due 2028 150 150 2.75 % Euro Notes due 2028 416 454 5 % due 2029 850 850 5.25 % due April 2031 550 550 5.25 % due July 2031 600 600 5.625 % due 2033 450 450 Credit Facilities: First lien revolving credit facility due 2026 570 2.48 % — — European revolving credit facility due 2024 310 3.10 % — — Pan-European accounts receivable facility 246 1.31 % 279 1.08 % Mexican credit facility 200 3.26 % 158 1.85 % Chinese credit facilities 294 4.25 % 333 4.34 % Other foreign and domestic debt (1) 507 6.91 % 430 6.05 % 7,678 6,791 Unamortized deferred financing fees ( 50 ) ( 55 ) 7,628 6,736 Finance lease obligations (2) 257 255 7,885 6,991 Less portion due within one year ( 316 ) ( 343 ) $ 7,569 $ 6,648 (1) Interest rates are weighted average interest rates primarily related to various foreign credit facilities with customary terms and conditions. (2) Includes non-cash financing additions of $ 22 million a nd $ 14 million during the six month period ended June 30, 2022 and the twelve months ended December 31, 2021, respectively . NOTES At June 30, 2022, we ha d $ 5,551 mi llion o f outstanding notes, compared to $ 5,591 million at December 31, 2021. CREDIT FACILITIES $ 2.75 billion Amended and Restated First Lien Revolving Credit Facility due 2026 Our amended and restated first lien revolving credit facility is available in the form of loans or letters of credit. Up to $ 800 million in letters of credit and $ 50 million of swingline loans are available for issuance under the facility. Subject to the consent of the lenders whose commitments are to be increased, we may request that the facility be increased by up to $ 250 million. Our obligations under the facility are guaranteed by most of our wholly-owned U.S. and Canadian subsidiaries. Our obligations under the facility and our subsidiaries' obligations under the related guarantees are secured by first priority security interests in a variety of collateral. Based on our current liquidity, amounts drawn under this facility bear interest at LIBOR plus 125 basis points. Availability under the facility is subject to a borrowing base, which is based on (i) eligible accounts receivable and inventory of The Goodyear Tire & Rubber Company and certain of its U.S. and Canadian subsidiaries, (ii) the value of our principal trademarks in an amount not to exceed $ 400 million, (iii) the value of eligible machinery and equipment, and (iv) certain cash in an amount not to exceed $ 275 million. To the extent that our eligible accounts receivable, inventory and other components of the borrowing base decline in value, our borrowing base will decrease and the availability under the facility may decrease below $ 2.75 billion. As of June 30, 2022, our borrowing base, and therefore our availability, under this facility was $ 108 million below the facility's stated amount of $ 2.75 billion. The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2020. The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries. If Available Cash (as defined in the facility) plus the availability under the facility is greater than $ 750 million, amounts drawn under the facility will bear interest, at our option, at (i) 125 basis points over LIBOR or (ii) 25 basis points over an alternative base rate (the higher of (a) the prime rate, (b) the federal funds effective rate or the overnight bank funding rate plus 50 basis points or (c) LIBOR plus 100 basis points). If Available Cash plus the availability under the facility is equal to or less than $ 750 million, then amounts drawn under the facility will bear interest, at our option, at (i) 150 basis points over LIBOR or (ii) 50 basis points over an alternative base rate. Undrawn amounts under the facility will be subject to an annual commitment fee of 25 basis points. At June 30, 2022, we had $ 570 million of borrowings and $ 3 million of letters of credit issued under the revolving credit facility. At December 31, 2021, we had no borrowings and $ 19 million of letters of credit issued under the revolving credit facility. € 800 million Amended and Restated Senior Secured European Revolving Credit Facility due 2024 Our amended and restated European revolving credit facility consists of (i) a € 180 million German tranche that is available only to Goodyear Germany GmbH and (ii) a € 620 million all-borrower tranche that is available to Goodyear Europe B.V. ("GEBV"), Goodyear Germany and Goodyear Operations S.A. Up to € 175 million of swingline loans and € 75 million in letters of credit are available for issuance under the all-borrower tranche. Amounts drawn under this facility will bear interest at LIBOR plus 150 basis points for loans denominated in U.S. dollars, EURIBOR plus 150 basis points for loans denominated in euros, and SONIA plus 150 basis points for loans denominated in pounds sterling. Undrawn amounts under the facility are subject to an annual commitment fee of 25 basis points. GEBV and certain of its subsidiaries in the United Kingdom, Luxembourg, France and Germany provide guarantees to support the facility. The German guarantors secure the German tranche on a first-lien basis and the all-borrower tranche on a second-lien basis. GEBV and its other subsidiaries that provide guarantees secure the all-borrower tranche on a first-lien basis and generally do not provide collateral support for the German tranche. The Company and its U.S. and Canadian subsidiaries that guarantee our U.S. first lien revolving credit facility described above also provide unsecured guarantees in support of the facility. The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2018. The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries. At June 30, 2022, there were no borrowings outstanding under the German tranche, $ 310 million (€ 298 million) of borrowings outstanding under the all-borrower tranche and no letters of credit outstanding under the European revolving credit facility. At December 31, 2021, we had no borrowings and no letters of credit outstanding under the European revolving credit facility. Accounts Receivable Securitization Facilities (On-Balance Sheet) GEBV and certain other of our European subsidiaries are parties to a pan-European accounts receivable securitization facility that expires in 2027. The terms of the facility provide the flexibility to designate annually the maximum amount of funding available under the facility in an amount of not less than € 30 million and not more than € 450 million. For the period from October 19, 2021 through October 19, 2022, the designated maximum amount of the facility is € 300 million. The facility involves an ongoing daily sale of substantially all of the trade accounts receivable of certain GEBV subsidiaries. These subsidiaries retain servicing responsibilities. Utilization under this facility is based on eligible receivable balances. The funding commitments under the facility will expire upon the earliest to occur of: (a) October 19, 2027, (b) the non-renewal and expiration (without substitution) of all of the back-up liquidity commitments, (c) the early termination of the facility according to its terms (generally upon an Early Amortisation Event (as defined in the facility), which includes, among other things, events similar to the events of default under our first lien revolving credit facility; certain tax law changes; or certain changes to law, regulation or accounting standards), or (d) our request for early termination of the facility. The facility’s current back-up liquidity commitments will expire on October 19, 2022. At June 30, 2022, the amounts available and utilized under this program totaled $ 246 million (€ 237 million). At December 31, 2021, the amounts available and utilized under this program totaled $ 279 million (€ 246 million). The program does not qualify for sale accounting, and accordingly, these amounts are included in Long Term Debt and Finance Leases. For a description of the collateral securing the credit facilities described above as well as the covenants applicable to them, refer to Note to the Consolidated Financial Statements No. 16, Financing Arrangements and Derivative Financial Instruments, in our 2021 Form 10-K. Accounts Receivable Factoring Facilities (Off-Balance Sheet) We have sold certain of our trade receivables under off-balance sheet programs. For these programs, we have concluded that there is generally no risk of loss to us from non-payment of the sold receivables. At June 30, 2022, the gross amount of receivables sold was $ 597 million, compared to $ 605 million at December 31, 2021. Other Foreign Credit Facilities A Mexican subsidiary and a U.S. subsidiary have a revolving credit facility in Mexico. At June 30, 2022, the amounts available and utilized under this facility were $ 200 million. At December 31, 2021 , the amounts available and utilized under this facility were $ 200 million and $ 158 million, respectively. The facility ultimately matures on November 22, 2024, has covenants relating to the Mexican and U.S. subsidiary, and has customary representations and warranties and defaults relating to the Mexican and U.S. subsidiary’s ability to perform its respective obligations un der the facility. A Chinese subsidiary has several financing arrangements in China. At June 30, 2022 and December 31, 2021 , the amounts available under these facilities were $ 812 million and $ 958 million, respectively. At June 30, 2022 , the amount utilized under these facilities was $ 358 million, of which $ 64 million represented notes payable and $ 294 million represented long term debt. At June 30, 2022 , $ 154 million of the long term debt was due within one year. At December 31, 2021 , the amount utilized under these facilities was $ 365 million, of which $ 32 million represented notes payable and $ 333 million represented long term debt. At December 31, 2021 , $ 124 million of the long term debt was due within one year. The facilities contain covenants relating to the Chinese subsidiary and have customary representations and warranties and defaults relating to the Chinese subsidiary’s ability to perform its obligations under the facilities. Certain of the facilities can only be used to finance the expansion of one of our manufacturing facilities in China and, at June 30, 2022 and December 31, 2021 , the unused amounts available under these facilities were $ 86 million and $ 81 million, respectively. Following the Cooper Tire acquisition, three of Cooper Tire's Chinese credit facilities remain outstanding. At June 30, 2022 , the amounts available and utilized under these facilities were $ 45 million and $ 7 million, respectively. At December 31, 2021, the amounts available and utilized under these facilities were $ 75 million and $ 5 million, respectively. DERIVATIVE FINANCIAL INSTRUMENTS We utilize derivative financial instrument contracts and nonderivative instruments to manage interest rate, foreign exchange and commodity price risks. We have established a control environment that includes policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities. We do not hold or issue derivative financial instruments for trading purposes. Foreign Currency Contracts We enter into foreign currency contracts in order to manage the impact of changes in foreign exchange rates on our consolidated results of operations and future foreign currency-denominated cash flows. These contracts may be used to reduce exposure to currency movements affecting existing foreign currency-denominated assets, liabilities, firm commitments and forecasted transactions resulting primarily from trade purchases and sales, equipment acquisitions, intercompany loans and royalty agreements. Contracts hedging short term trade receivables and payables normally have no hedging designation. The following table presents the fair values for foreign currency hedge contracts that do not meet the criteria to be accounted for as cash flow hedging instruments: June 30, December 31, (In millions) 2022 2021 Fair Values — Current asset (liability): Accounts receivable $ 27 $ 9 Other current liabilities ( 2 ) ( 4 ) At June 30, 2022 and December 31, 2021, these outstanding foreign currency derivatives had notional amounts of $ 1,228 million and $ 993 million, respectively, and were primarily related to intercompany loans. Other (Income) Expense included net transaction gains on derivatives of $ 24 million and $ 34 million for the three and six months ended June 30, 2022, respectively. Other (Income) Expense included net transaction losses on derivatives of $ 14 million and net transaction gains on derivatives of $ 41 million for the three and six months ended June 30, 2021, respectively. These amounts were substantially offset in Other (Income) Expense by the effect of changing exchange rates on the underlying currency exposures. The following table presents fair values for foreign currency hedge contracts that meet the criteria to be accounted for as cash flow hedging instruments: June 30, December 31, (In millions) 2022 2021 Fair Values — Current asset (liability): Accounts receivable $ 2 $ 1 Other current liabilities ( 1 ) ( 1 ) At June 30, 2022 and December 31, 2021, these outstanding foreign currency derivatives had notional amounts of $ 70 million and $ 63 million, respectively, and primarily related to U.S. dollar denominated intercompany transactions. Based on our current forecasts, we believe that it is probable that the underlying hedge transactions will occur within an appropriate time frame in order to continue to qualify for cash flow hedge accounting treatment. We enter into master netting agreements with counterparties. The amounts eligible for offset under the master netting agreements are not material and we have elected a gross presentation of foreign currency contracts in the Consolidated Balance Sheets. The following table presents the classification of changes in fair values of foreign currency contracts that meet the criteria to be accounted for as cash flow hedging instruments (before tax and minority): Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Amount of gains (losses) deferred to Accumulated Other Comprehensive Loss ("AOCL") $ 3 $ ( 1 ) $ 1 $ — Reclassification adjustment for amounts recognized in CGS — — ( 1 ) ( 2 ) The estimated net amount of deferred gains at June 30, 2022 that are expected to be reclassified to earnings within the next twelve months is $ 2 million. The counterparties to our foreign currency contracts were considered by us to be substantial and creditworthy financial institutions that were recognized market makers at the time we entered into those contracts. We seek to control our credit exposure to these counterparties by diversifying across multiple counterparties, by setting counterparty credit limits based on long term credit ratings and other indicators of counterparty credit risk such as credit default swap spreads, and by monitoring the financial strength of these counterparties on a regular basis. We also enter into master netting agreements with counterparties when possible. By controlling and monitoring exposure to counterparties in this manner, we believe that we effectively manage the risk of loss due to nonperformance by a counterparty. However, the inability of a counterparty to fulfill its contractual obligations to us could have a material adverse effect on our liquidity, financial position or results of operations in the period in which it occurs.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 10. FAIR VALUE MEASUREMENTS The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at June 30, 2022 and December 31, 2021: Total Carrying Value Quoted Prices in Active Significant Other Significant (In millions) 2022 2021 2022 2021 2022 2021 2022 2021 Assets: Investments $ 8 $ 10 $ 8 $ 10 $ — $ — $ — $ — Foreign Exchange Contracts 29 10 — — 29 10 — — Total Assets at Fair Value $ 37 $ 20 $ 8 $ 10 $ 29 $ 10 $ — $ — Liabilities: Foreign Exchange Contracts $ 3 $ 5 $ — $ — $ 3 $ 5 $ — $ — Total Liabilities at Fair Value $ 3 $ 5 $ — $ — $ 3 $ 5 $ — $ — The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding finance leases, at June 30, 2022 and December 31, 2021: June 30, December 31, (In millions) 2022 2021 Fixed Rate Debt: (1) Carrying amount — liability $ 5,682 $ 5,781 Fair value — liability 5,081 6,149 Variable Rate Debt: (1) Carrying amount — liability $ 1,946 $ 955 Fair value — liability 1,887 955 (1) Excludes Notes Payable and Overdrafts of $ 519 million and $ 406 million at June 30, 2022 and December 31, 2021, respectively, of which $ 222 million and $ 227 million, respectively, are at fixed rates and $ 297 million and $ 179 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities. Long term debt with fair values of $ 4,899 million and $ 5,905 million at June 30, 2022 and December 31, 2021 , respectively, were estimated using quoted Level 1 market prices. The carrying value of the remaining debt was based upon internal estimates of fair value derived from market prices for similar debt.

Pension, Savings and Other Post

Pension, Savings and Other Postretirement Benefit Plans	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Pension, Other Postretirement Benefits and Savings Plans	NOTE 11. PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS We provide employees with defined benefit pension or defined contribution savings plans. Defined benefit pension cost follows: U.S. U.S. Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Service cost $ 4 $ 2 $ 7 $ 3 Interest cost 29 22 60 42 Expected return on plan assets ( 53 ) ( 46 ) ( 105 ) ( 88 ) Amortization of net losses 25 26 51 54 Net periodic pension cost $ 5 $ 4 $ 13 $ 11 Net curtailments/settlements/termination benefits 18 19 18 19 Total defined benefit pension cost $ 23 $ 23 $ 31 $ 30 Non-U.S. Non-U.S. Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Service cost $ 6 $ 8 $ 12 $ 15 Interest cost 16 11 32 22 Expected return on plan assets ( 17 ) ( 12 ) ( 35 ) ( 22 ) Amortization of prior service cost 1 1 1 1 Amortization of net losses 5 9 11 17 Total defined benefit pension cost $ 11 $ 17 $ 21 $ 33 Service cost is recorded in CGS or SAG. Other components of net periodic pension cost are recorded in Other (Income) Expense. Net curtailments, settlements and termination benefits, if any, are recorded in Other (Income) Expense or Rationalizations if related to a rationalization plan. In the second quarter and first six months of 2022 and 2021, pension settlement charges of $ 18 million and $ 19 million, respectively, were recorded in Other (Income) Expense. The settlement charges resulted from total lump sum payments exceeding annual service and interest cost of the applicable plans. In the first quarter of 2022, we communicated the termination of a Cooper Tire U.S. salaried defined benefit pension plan, which was frozen in 2009, to applicable participants. The termination of the plan, which had $ 416 million in assets and $ 403 million in estimated obligations on a termination accounting basis as of June 30, 2022, is e xpected to be completed in the first half of 2023. We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Other postretirement benefits expense for the three months ended June 30, 2022 and 2021 was $ 4 million and $ 1 million, respectively, and for the six months ended June 30, 2022 and 2021 was $ 8 million and $ 3 million, respectively. We expect to contribute $ 25 million to $ 50 million to our funded non-U.S. pension plans in 2022. For the three and six months ended June 30, 2022, we contributed $ 8 million and $ 17 million, respectively, to our non-U.S. plans. The expense recognized for our contributions to defined contribution savings plans for the three months ended June 30, 2022 and 2021 was $ 31 million and $ 27 million, respectively, and for the six months ended June 30, 2022 and 2021 was $ 66 million and $ 55 million, respectively.

Stock Compensation Plans

Stock Compensation Plans	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock Compensation Plans	NOTE 12. STOCK COMPENSATION PLANS Stock based awards are made pursuant to stock compensation plans that are approved by our shareholders. The 2022 Performance Plan was adopted by our shareholders on April 11, 2022 and will expire on February 28, 2032 unless earlier terminated. The 2022 Performance Plan replaced the 2017 Performance Plan, which was terminated on April 11, 2022, except with respect to outstanding awards. Our Board of Director s granted 0.6 million restricted stock units and 0.4 million performance share units during the six months ended June 30, 2022 under our stock compensation plans. We measure the fair value of grants of restricted stock units and performance share units based primarily on the closing market price of a share of our common stock on the date of the grant, modified as appropriate to take into account the features of such grants. The weighted average fair value per share was $ 15.66 for restricted stock units and $ 15.60 for performance share units granted during the six months ended June 30, 2022. We recognized stock-based compensation expense of $ 8 million and $ 13 million during the three and six months ended June 30, 2022, respectively. At June 30, 2022 , unearned compensation cost related to the unvested portion of all stock-based awards was approximately $ 39 million and is expected to be recognized over the remaining vesting period of the respective grants, through the first quarter of 2025 . We recognized stock-based compensation of $ 7 million and $ 11 million during the three and six months ended June 30, 2021, respectively.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	NOTE 13. COMMITMENTS AND CONTINGENT LIABILITIES Environmental Matters We have recorded liabilities totaling $ 80 million at both June 30, 2022 and December 31, 2021 for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain properties sold by us. Of these amounts, $ 19 million an d $ 21 million were included in Other Current Liabilities at June 30, 2022 and December 31, 2021, respectively. The costs include legal and consulting fees, site studies, the design and implementation of remediation plans, post-remediation monitoring and related activities, and will be paid over several years. The amount of our ultimate liability in respect of these matters may be affected by several uncertainties, primarily the ultimate cost of required remediation and the extent to which other responsible parties contribute. We have limited potential insurance coverage for future environmental claims. Since many of the remediation activities related to environmental matters vary substantially in duration and cost from site to site and the associated costs for each vary depending on the mix of unique site characteristics, in some cases we cannot reasonably estimate a range of possible losses. Although it is not possible to estimate with certainty the outcome of all of our environmental matters, management believes that potential losses in excess of current reserves for environmental matters, individually and in the aggregate, will not have a material adverse effect on our financial position, cash flows or results of operations. Workers’ Compensation We have recorded liabilities, on a discounted basis, totaling $ 195 million and $ 194 million for anticipated costs related to workers’ compensation at June 30, 2022 and December 31, 2021 , respectively. Of these amounts, $ 34 mil lion an d $ 38 million were included in Current Liabilities as part of Compensation and Benefits at June 30, 2022 and December 31, 2021, respectively. The costs include an estimate of expected settlements on pending claims, defense costs and a provision for claims incurred but not reported. These estimates are based on our assessment of potential liability using an analysis of available information with respect to pending claims, historical experience and current cost trends. The amount of our ultimate liability in respect of these matters may differ from these estimates. We periodically, and at least annually, update our loss development factors based on actuarial analyses. At June 30, 2022 and December 31, 2021, the liability was discounted using a risk-free rate of return. At June 30, 2022, we estimate that it is reasonably possible that the liability could exceed our recorded amounts by approximatel y $ 25 million. General and Product Liability and Other Litigation We have recorded liabilities totaling $ 407 million and $ 390 million, including related legal fees expected to be incurred, for potential product liability and other tort claims, including asbestos claims, at June 30, 2022 and December 31, 2021, respectively. Of these amounts, $ 38 million and $ 41 million were included in Other Current Liabilities at June 30, 2022 and December 31, 2021, respectively. The amounts recorded were estimated based on an assessment of potential liability using an analysis of available information with respect to pending claims, historical experience and, where available, recent and current trends. Based upon that assessment, at June 30, 2022, we do not believe that estimated reasonably possible losses associated with general and product liability claims in excess of the amounts recorded will have a material adverse effect on our financial position, cash flows or results of operations. However, the amount of our ultimate liability in respect of these matters may differ from these estimates. We have recorded an indemnification asset within Accounts Receivabl e of $ 1 million and within Other Assets of $ 19 million for Sumitomo Rubber Industries, Ltd.'s ("S RI") obligation to indemnify us for certain product liability claims related to products manufactured by a formerly consolidated joint venture entity, subject to certain caps and restrictions. Asbestos. We are a defendant in numerous lawsuits alleging various asbestos-related personal injuries purported to result from alleged exposure to asbestos in certain products manufactured by us or present in certain of our facilities. Typically, these lawsuits have been brought against multiple defendants in state and federal courts. To date, we have disposed of approximately 156,200 cl aims by defending, obtaining the dismissal thereof, or entering into a settlement. The sum of our accrued asbestos-related liability a nd gross payments to date, including legal costs, by us and our insurers totaled approximately $ 569 m illion through June 30, 2022 and $ 560 million through December 31, 2021. A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by settlement or dismissal in large numbers, the amount and timing of filings, settlements and dismissals and the number of open claims during a particular period can fluctuate significantly. Six Months Ended Year Ended (Dollars in millions) June 30, 2022 December 31, 2021 Pending claims, beginning of period 38,200 38,700 New claims filed 500 1,000 Claims settled/dismissed ( 500 ) ( 1,500 ) Pending claims, end of period 38,200 38,200 Payments (1) $ 8 $ 15 (1) Represents cash payments made during the period by us and our insurers for asbestos litigation defense and claim resolution. We periodically, and at least annually, review our existing reserves for pending claims, including a reasonable estimate of the liability associated with unasserted asbestos claims, and estimate our receivables from probable insurance recoveries. We recorded gross liabilities for both asserted and unasserted claims, inclusive of defense costs, totaling $ 132 million and $ 131 million at June 30, 2022 and December 31, 2021 , respectively. In determining the estimate of our asbestos liability, we evaluated claims over the next ten-year period. Due to the difficulties in making these estimates, analysis based on new data and/or a change in circumstances arising in the future may result in an increase in the recorded obligation, and that increase could be significant. We maintain certain primary and excess insurance coverage under coverage-in-place agreements, and also have additional excess liability insurance with respect to asbestos liabilities. After consultation with our outside legal counsel and giving consideration to agreements with certain of our insurance carriers, the financial viability and legal obligations of our insurance carriers and other relevant factors, we determine an amount we expect is probable of recovery from such carriers. We record a receivable with respect to such policies when we determine that recovery is probable and we can reasonably estimate the amount of a particular recovery. We recorded an insurance receivable related to asbestos claims of $ 77 million at both June 30, 2022 and December 31, 2021. We expect that approximately 60 % of a sbestos claim related losses would be recoverable through insurance during the ten-year period covered by the estimated liability. Of these amoun ts, $ 12 million was included in Current Assets as part of Accounts Receivable at both June 30, 2022 and December 31, 2021. The recorded receivable consists of an amount we expect to collect under coverage-in-place agreements with certain primary and excess insurance carriers as well as an amount we believe is probable of recovery from certain of our other excess insurance carriers. We believe that, at December 31, 2021 , we had approximately $ 540 million in excess level policy limits applicable to indemnity and defense costs for asbestos products claims under coverage-in-place agreements. We also had additional unsettled excess level policy limits potentially applicable to such costs. In addition, we had coverage under certain primary policies for indemnity and defense costs for asbestos products claims under remaining aggregate limits pursuant to a coverage-in-place agreement, as well as coverage for indemnity and defense costs for asbestos premises claims pursuant to coverage-in-place agreements. With respect to both asserted and unasserted claims, it is reasonably possible that we may incur a material amount of cost in excess of the current reserve; however, such amounts cannot be reasonably estimated. Coverage under insurance policies is subject to varying characteristics of asbestos claims including, but not limited to, the type of claim (premise vs. product exposure), alleged date of first exposure to our products or premises and disease alleged. Recoveries may also be limited by insurer insolvencies or financial difficulties. Depending upon the nature of these characteristics or events, as well as the resolution of certain legal issues, some portion of the insurance may not be accessible by us. Other Actions We are currently a party to various claims, indirect tax assessments and legal proceedings in addition to those noted above. If management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the loss, or the minimum estimated liability when the loss is estimated using a range and no point within the range is more probable than another. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Based on currently available information, management believes that the ultimate outcome of these matters, individually and in the aggregate, will not have a material adverse effect on our financial position or overall trends in results of operations. Our recorded liabilities and estimates of reasonably possible losses for the contingent liabilities described above are based on our assessment of potential liability using the information available to us at the time and, where applicable, any past experience and recent and current trends with respect to similar matters. Our contingent liabilities are subject to inherent uncertainties, and unfavorable judicial or administrative decisions could occur which we did not anticipate. Such an unfavorable decision could include monetary damages, fines or other penalties or an injunction prohibiting us from taking certain actions or selling certain products. If such an unfavorable decision were to occur, it could result in a material adverse impact on our financial position and results of operations in the period in which the decision occurs or in future periods. Tax Matters The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues based on our estimate of whether, and the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We also recognize income tax benefits to the extent that it is more likely than not that our positions will be sustained when challenged by the taxing authorities. We derecognize income tax benefits when based on new information we determine that it is no longer more likely than not that our position will be sustained. To the extent we prevail in matters for which liabilities have been established, or determine we need to derecognize tax benefits recorded in prior periods, our results of operations and effective tax rate in a given period could be materially affected. An unfavorable tax settlement would require use of our cash, and lead to recognition of expense to the extent the settlement amount exceeds recorded liabilities and, in the case of an income tax settlement, result in an increase in our effective tax rate in the period of resolution. A favorable tax settlement would be recognized as a reduction of expense to the extent the settlement amount is lower than recorded liabilities and, in the case of an income tax settlement, would result in a reduction in our effective tax rate in the period of resolution. While the Company applies consistent transfer pricing policies and practices globally, supports transfer prices through economic studies, seeks advance pricing agreements and joint audits to the extent possible and believes its transfer prices to be appropriate, such transfer prices, and related interpretations of tax laws, are occasionally challenged by various taxing authorities globally. We have received various tax assessments challenging our interpretations of applicable tax laws in various jurisdictions. Although we believe we have complied with applicable tax laws, have strong positions and defenses and have historically been successful in defending such claims, our results of operations could be materially adversely affected in the case we are unsuccessful in the defense of existing or future claims. Binding Commitments and Guarantees We have off-balance sheet financial guarantees and other commitments totaling $ 34 million at both June 30, 2022 and December 31, 2021. We issue guarantees to financial institutions or other entities on behalf of certain of our affiliates, lessors or customers. We generally do not require collateral in connection with the issuance of these guarantees. In 2015, as a result of the dissolution of the global alliance with SRI, we issued a guarantee of $ 46 million to an insurance company related to SRI's obligation to pay certain outstanding workers' compensation claims of a formerly consolidated joint venture entity. As of June 30, 2022 , this guarantee amount has been reduced to $ 20 million. We h ave concluded the probability of our performance to be remote and, therefore, have not recorded a liability for this guarantee. While there is no fixed duration of this guarantee, we expect the amount of this guarantee to continue to decrease over time as the formerly consolidated joint venture entity pays its outstanding claims. If our performance under these guarantees is triggered by non-payment or another specified event, we would be obligated to make payment to the financial institution or the other entity, and would typically have recourse to the affiliate, lessor, customer or SRI. We are unable to estimate the extent to which our lessors’, customers’ or SRI's assets would be adequate to recover any payments made by us under the related guarantees. We have an agreement to provide a revolving loan commitment to TireHub, LLC of up to $ 100 million. At June 30, 2022, $ 25 m illion was drawn on this commitment. At December 31, 2021, no funds were drawn on this commitment.

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2022
Capital Stock [Abstract]
Capital Stock	NOTE 14. CAPITAL STOCK Common Stock Repurchases We may repurchase shares delivered to us by employees as payment for the exercise price of stock options and the withholding taxes due upon the exercise of stock options or the vesting or payment of stock awards. During the first six month of 2022, we did no t repurchase any shares from employees.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	NOTE 15. ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present changes in AOCL, by component, for the six months ended June 30, 2022 and 2021, after tax and minority interest. (In millions) Income (Loss) Foreign Unrecognized Deferred Total Balance at December 31, 2021 $ ( 1,402 ) $ ( 2,565 ) $ 4 $ ( 3,963 ) Other comprehensive income (loss) before reclassifications ( 169 ) 14 1 ( 154 ) Amounts reclassified from accumulated other comprehensive loss — 61 ( 1 ) 60 Balance at June 30, 2022 $ ( 1,571 ) $ ( 2,490 ) $ 4 $ ( 4,057 ) (In millions) Income (Loss) Foreign Unrealized Gains (Losses) from Securities Unrecognized Deferred Total Balance at December 31, 2020 $ ( 1,284 ) $ — $ ( 2,856 ) $ 5 $ ( 4,135 ) Other comprehensive income (loss) before 2 8 16 — 26 Amounts reclassified from accumulated other comprehensive loss — — 68 ( 2 ) 66 Balance at June 30, 2021 $ ( 1,282 ) $ 8 $ ( 2,772 ) $ 3 $ ( 4,043 ) The following table presents reclassifications out of AOCL: Three Months Ended Six Months Ended 2022 2021 2022 2021 (In millions) (Income) Expense Amount Reclassified Amount Reclassified Affected Line Item in the Consolidated Component of AOCL from AOCL from AOCL Statements of Operations Amortization of prior service cost and $ 31 $ 34 $ 63 $ 70 Other (Income) Expense Immediate recognition of prior service cost 18 19 18 19 Other (Income) Expense / Rationalizations Unrecognized net actuarial losses and 49 53 81 89 Tax effect ( 12 ) ( 12 ) ( 20 ) ( 21 ) United States and Foreign Taxes Net of tax $ 37 $ 41 $ 61 $ 68 Goodyear Net Income Deferred derivative (gains) losses, before tax $ — $ — $ ( 1 ) $ ( 2 ) Cost of Goods Sold Tax effect — — — — United States and Foreign Taxes Net of tax $ — $ — $ ( 1 ) $ ( 2 ) Goodyear Net Income Total reclassifications $ 37 $ 41 $ 60 $ 66 Goodyear Net Income The following table presents the details of comprehensive income (loss) attributable to minority shareholders: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Net Income Attributable to Minority Shareholders $ 4 $ 4 $ 4 $ 10 Other Comprehensive Income: Foreign currency translation ( 7 ) ( 1 ) ( 15 ) ( 8 ) Comprehensive Income (loss) Attributable to Minority Shareholders $ ( 3 ) $ 3 $ ( 11 ) $ 2

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared by The Goodyear Tire & Rubber Company (the “Company,” “Goodyear,” “we,” “us” or “our”) in accordance with Securities and Exchange Commission (“SEC”) rules and regulations and generally accepted accounting principles in the United States of America ("U.S. GAAP") and in the opinion of management contain all adjustments (including normal recurring adjustments) necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”). Operating results for t he three and six months ended June 30, 2022 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2022.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In November 2021, the Financial Accounting Standards Board issued an accounting standards update on the disclosure of certain types of government assistance. Specifically, on an annual basis, entities will be required to make certain disclosures for transactions with a government that are accounted for by analogizing to a grant model. The standards update is effective either prospectively or retrospectively for annual periods beginning after December 15, 2021, with early adoption permitted. We are currently assessing the impact of this standards update on our disclosures in the notes to consolidated financial statements.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of all legal entities in which we hold a controlling financial interest. A controlling financial interest generally arises from our ownership of a majority of the voting shares of our subsidiaries. We would also hold a controlling financial interest in variable interest entities if we are considered to be the primary beneficiary. Investments in companies in which we do not own a majority interest and we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are primarily carried at cost. All intercompany balances and transactions have been eliminated in consolidation.
Restricted Cash	Restricted Cash The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows: June 30, (In millions) 2022 2021 Cash and Cash Equivalents $ 1,248 $ 1,030 Restricted Cash (1) 79 104 Total Cash, Cash Equivalents and Restricted Cash $ 1,327 $ 1,134 (1) Includes remaining Cooper Tire & Rubber Company ("Cooper Tire") restricted cash acquired of $ 21 million and $ 50 million at June 30, 2022 and June 30, 2021, respectively. Restricted Cash primarily represents amounts required to be set aside in relation to (i) accounts receivable factoring programs and (ii) change-in-control provisions of certain Cooper Tire compensation plans. The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables or as the compensation payments are made, respectively. At June 30, 2022, $ 65 million and $ 14 mi llion were recorded in Prepaid Expenses and Other Current Assets and Other Assets in the Consolidated Balance Sheets, respectively. At June 30, 2021 , $ 86 million and $ 18 million were rec orded in Prepaid Expenses and Other Current Assets and Other Assets in the Consolidated Balance Sheets, respectively.
Reclassifications and Adjustments	Reclassifications and Adjustments Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation. In the second quarter of 2021, we recorded an out of period adjustment of $ 8 million of income related to accrued freight charges in Americas. Additionally, in the first quarter of 2021, we recorded out of period adjustments totaling $ 20 million of expense, primarily related to the valuation of inventory in Americas. The adjustments related to the years, and interim periods therein, of 2016 to 2020. The adjustments did not have a material effect on any of the periods impacted.

Accounting Policies (Tables)

Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows: June 30, (In millions) 2022 2021 Cash and Cash Equivalents $ 1,248 $ 1,030 Restricted Cash (1) 79 104 Total Cash, Cash Equivalents and Restricted Cash $ 1,327 $ 1,134 (1) Includes remaining Cooper Tire & Rubber Company ("Cooper Tire") restricted cash acquired of $ 21 million and $ 50 million at June 30, 2022 and June 30, 2021, respectively.

Cooper Tire Acquisition (Tables

Cooper Tire Acquisition (Tables) - Cooper Tire	6 Months Ended
	Jun. 30, 2022
Business Acquisition [Line Items]
Calculation of Merger Consideration	The following table sets forth cumulative measurement period changes since the Closing Date, as well as the final and initial allocation of the Merger Consideration to the estimated fair value of the identifiable tangible and intangible assets acquired and liabilities assumed of Cooper Tire, with the excess recorded to Goodwill as of the Closing Date: (In millions) Final Cumulative Initial Cash and Cash Equivalents $ 231 $ — $ 231 Accounts Receivable 538 ( 83 ) 621 Inventories 708 15 693 Property, Plant and Equipment 1,346 ( 26 ) 1,372 Goodwill 633 158 475 Intangible Assets 926 ( 160 ) 1,086 Other Assets 360 ( 2 ) 362 4,742 ( 98 ) 4,840 Accounts Payable — Trade 384 ( 80 ) 464 Compensation and Benefits 356 ( 30 ) 386 Debt, Finance Leases and Notes Payable and Overdrafts 151 — 151 Deferred Tax Liabilities, net 292 ( 55 ) 347 Other Liabilities 441 67 374 Minority Equity 21 — 21 1,645 ( 98 ) 1,743 Merger Consideration $ 3,097 $ — $ 3,097
Schedule of Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed	The estimated fair values of the identifiable intangible assets acquired, their weighted average estimated useful lives and the related valuation methodology are as follows: (In millions, except years) Final Cumulative Initial Weighted Average Valuation Methodology Trade names (indefinite-lived) $ 560 $ 250 $ 310 N/A Relief-from-royalty Trade names (definite-lived) 10 ( 30 ) 40 14 years Relief-from-royalty Customer relationships 350 ( 380 ) 730 12 years Multi-period excess earnings Non-compete and other 6 — 6 2 years Discounted cash flow $ 926 $ ( 160 ) $ 1,086 A
Schedule of Pro Forma Financial Information	The following table summarizes, on a pro forma basis, the combined results of operations of Goodyear and Cooper Tire for the three and six months ended June 30, 2021, as though the acquisition and the related financing had occurred as of January 1, 2020. The pro forma results are not necessarily indicative of either the actual consolidated results had the acquisition of Cooper Tire occurred on January 1, 2020, nor are they indicative of future consolidated operating results. (In millions) Three Months Ended Six Months Ended Net Sales $ 4,563 $ 8,744 Income before Income Taxes 244 344 Goodyear Net Income 178 241

Net Sales (Tables)

Net Sales (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregated Net Sales From Contracts with Customers	The following tables show disaggregated net sales from contracts with customers by major source: Three Months Ended June 30, 2022 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 2,626 $ 1,301 $ 536 $ 4,463 Other tire and related sales 194 164 19 377 Retail services and service related sales 166 32 12 210 Chemical sales 154 — — 154 Other 7 — 1 8 Net Sales by reportable segment $ 3,147 $ 1,497 $ 568 $ 5,212 Three Months Ended June 30, 2021 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 1,777 $ 1,085 $ 455 $ 3,317 Other tire and related sales 170 114 22 306 Retail services and service related sales 155 29 15 199 Chemical sales 149 — — 149 Other 5 2 1 8 Net Sales by reportable segment $ 2,256 $ 1,230 $ 493 $ 3,979 Six Months Ended June 30, 2022 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 5,059 $ 2,576 $ 1,069 $ 8,704 Other tire and related sales 365 281 41 687 Retail services and service related sales 306 66 23 395 Chemical sales 319 — — 319 Other 13 — 2 15 Net Sales by reportable segment $ 6,062 $ 2,923 $ 1,135 $ 10,120 Six Months Ended June 30, 2021 Europe, Middle East (In millions) Americas and Africa Asia Pacific Total Tire unit sales $ 3,171 $ 2,207 $ 909 $ 6,287 Other tire and related sales 310 193 44 547 Retail services and service related sales 291 57 31 379 Chemical sales 262 — — 262 Other 9 4 2 15 Net Sales by reportable segment $ 4,043 $ 2,461 $ 986 $ 7,490
Balance and Changes in Deferred Revenue Related to Contracts with Customers	The following table presents the balance of deferred revenue related to contracts with customers, and changes during the six months ended June 30, 2022: (In millions) Balance at December 31, 2021 $ 44 Revenue deferred during period 44 Revenue recognized during period ( 48 ) Impact of foreign currency translation ( 1 ) Balance at June 30, 2022 $ 39

Costs Associated with Rationa_2

Costs Associated with Rationalization Programs (Tables)	6 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Roll-Forward of Liability Balance	The following table presents a roll-forward of the liability balance between periods: Associate- (In millions) Related Costs Other Costs Total Balance at December 31, 2021 $ 88 $ — $ 88 2022 Charges 27 12 39 Incurred, net of foreign currency translation of $( 2 ) million and $ 0 million, respectively ( 49 ) ( 12 ) ( 61 ) Reversed to the Statement of Operations ( 2 ) — ( 2 ) Balance at June 30, 2022 $ 64 $ — $ 64
Net Rationalization Charges Included in Income (Loss) Before Income Taxes	The following table shows net rationaliza tion charges included in Income before Income Taxes: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Current Year Plans Associate Severance and Other Related Costs $ 22 $ — $ 22 $ 20 Current Year Plans - Net Charges $ 22 $ — $ 22 $ 20 Prior Year Plans Associate Severance and Other Related Costs $ — $ 8 $ 4 $ 28 Other Exit Costs 4 10 11 20 Prior Year Plans - Net Charges $ 4 $ 18 $ 15 $ 48 Total Net Charges $ 26 $ 18 $ 37 $ 68

Other (Income) Expense (Tables)

Other (Income) Expense (Tables)	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Schedule of Other Income and Expense	Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Non-service related pension and other postretirement benefits cost $ 29 $ 32 $ 42 $ 49 Interest income on a favorable indirect tax ruling in Brazil — ( 48 ) — ( 48 ) Financing fees and financial instruments expense 10 17 17 25 Net foreign currency exchange (gains) losses ( 1 ) — 1 10 General and product liability expense - discontinued products 2 2 3 3 Royalty income ( 6 ) ( 5 ) ( 17 ) ( 10 ) Net (gains) losses on asset sales ( 95 ) — ( 98 ) — Interest income ( 6 ) ( 5 ) ( 11 ) ( 11 ) Transaction costs — 32 — 39 Miscellaneous (income) expense 2 5 3 7 $ ( 65 ) $ 30 $ ( 60 ) $ 64

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Common Share	Basic and diluted earnings per common share are calculated as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions, except per share amounts) 2022 2021 2022 2021 Earnings per share — basic: Goodyear net income $ 166 $ 67 $ 262 $ 79 Weighted average shares outstanding 284 244 284 239 Earnings per common share — basic $ 0.58 $ 0.27 $ 0.92 $ 0.33 Earnings per share — diluted: Goodyear net income $ 166 $ 67 $ 262 $ 79 Weighted average shares outstanding 284 244 284 239 Dilutive effect of stock options and other dilutive securities 2 3 2 3 Weighted average shares outstanding — diluted 286 247 286 242 Earnings per common share — diluted $ 0.58 $ 0.27 $ 0.91 $ 0.32

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segment Reporting Information	Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Sales: Americas $ 3,147 $ 2,256 $ 6,062 $ 4,043 Europe, Middle East and Africa 1,497 1,230 2,923 2,461 Asia Pacific 568 493 1,135 986 Net Sales $ 5,212 $ 3,979 $ 10,120 $ 7,490 Segment Operating Income: Americas $ 293 $ 233 $ 509 $ 347 Europe, Middle East and Africa 52 43 111 117 Asia Pacific 19 23 47 61 Total Segment Operating Income $ 364 $ 299 $ 667 $ 525 Less: Rationalizations (Note 4) $ 26 $ 18 $ 37 $ 68 Interest expense 110 97 214 176 Other (income) expense (Note 5) ( 65 ) 30 ( 60 ) 64 Corporate incentive compensation plans 21 24 40 33 Retained expenses of divested operations 4 4 7 7 Other 16 28 43 46 Income before Income Taxes $ 252 $ 98 $ 386 $ 131
Rationalizations, Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs	Rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs, and net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense, were not charged to the strategic business units ("SBUs") for performance evaluation purposes but were attributable to the SBUs as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Rationalizations: Americas $ 11 $ 8 $ 18 $ 18 Europe, Middle East and Africa 9 7 14 44 Asia Pacific 1 — — — Total Segment Rationalizations $ 21 $ 15 $ 32 $ 62 Corporate 5 3 5 6 $ 26 $ 18 $ 37 $ 68 Net (Gains) Losses on Asset Sales: Americas $ ( 95 ) $ — $ ( 98 ) $ — Total Segment Net (Gains) Losses on Asset Sales $ ( 95 ) $ — $ ( 98 ) $ —

Financing Arrangements and De_2

Financing Arrangements and Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Financing Arrangements And Derivative Financial Instruments [Abstract]
Long Term Debt and Finance Leases Due Within One Year	The following table presents amounts due within one year: June 30, December 31, (In millions) 2022 2021 Chinese credit facilities $ 71 $ 37 Other foreign and domestic debt 448 369 Notes Payable and Overdrafts $ 519 $ 406 Weighted average interest rate 4.46 % 2.78 % Chinese credit facilities $ 154 $ 124 Other foreign and domestic debt (including finance leases) 162 219 Long Term Debt and Finance Leases due Within One Year $ 316 $ 343 Weighted average interest rate 5.45 % 5.25 % Total obligations due within one year $ 835 $ 749
Schedule of Debt	The following table presents long term debt and finance leases, net of unamortized discounts, and interest rates: June 30, 2022 December 31, 2021 Interest Interest (In millions) Amount Rate Amount Rate Notes: 9.5 % due 2025 $ 802 $ 802 5 % due 2026 900 900 4.875 % due 2027 700 700 7.625 % due 2027 133 135 7 % due 2028 150 150 2.75 % Euro Notes due 2028 416 454 5 % due 2029 850 850 5.25 % due April 2031 550 550 5.25 % due July 2031 600 600 5.625 % due 2033 450 450 Credit Facilities: First lien revolving credit facility due 2026 570 2.48 % — — European revolving credit facility due 2024 310 3.10 % — — Pan-European accounts receivable facility 246 1.31 % 279 1.08 % Mexican credit facility 200 3.26 % 158 1.85 % Chinese credit facilities 294 4.25 % 333 4.34 % Other foreign and domestic debt (1) 507 6.91 % 430 6.05 % 7,678 6,791 Unamortized deferred financing fees ( 50 ) ( 55 ) 7,628 6,736 Finance lease obligations (2) 257 255 7,885 6,991 Less portion due within one year ( 316 ) ( 343 ) $ 7,569 $ 6,648 (1) Interest rates are weighted average interest rates primarily related to various foreign credit facilities with customary terms and conditions. (2) Includes non-cash financing additions of $ 22 million a nd $ 14 million during the six month period ended June 30, 2022 and the twelve months ended December 31, 2021, respectively .
Fair Values for Foreign Currency Contracts not Designated as Hedging Instruments	The following table presents fair values for foreign currency hedge contracts that meet the criteria to be accounted for as cash flow hedging instruments: June 30, December 31, (In millions) 2022 2021 Fair Values — Current asset (liability): Accounts receivable $ 2 $ 1 Other current liabilities ( 1 ) ( 1 )
Fair Values for Foreign Currency Contracts Designated as Cash Flow Hedges	The following table presents the fair values for foreign currency hedge contracts that do not meet the criteria to be accounted for as cash flow hedging instruments: June 30, December 31, (In millions) 2022 2021 Fair Values — Current asset (liability): Accounts receivable $ 27 $ 9 Other current liabilities ( 2 ) ( 4 )
Classification of Changes in Fair Values of Foreign Currency Contracts Designated as Cash Flow Hedging Instruments	The following table presents the classification of changes in fair values of foreign currency contracts that meet the criteria to be accounted for as cash flow hedging instruments (before tax and minority): Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Amount of gains (losses) deferred to Accumulated Other Comprehensive Loss ("AOCL") $ 3 $ ( 1 ) $ 1 $ — Reclassification adjustment for amounts recognized in CGS — — ( 1 ) ( 2 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities at Fair Value	The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at June 30, 2022 and December 31, 2021: Total Carrying Value Quoted Prices in Active Significant Other Significant (In millions) 2022 2021 2022 2021 2022 2021 2022 2021 Assets: Investments $ 8 $ 10 $ 8 $ 10 $ — $ — $ — $ — Foreign Exchange Contracts 29 10 — — 29 10 — — Total Assets at Fair Value $ 37 $ 20 $ 8 $ 10 $ 29 $ 10 $ — $ — Liabilities: Foreign Exchange Contracts $ 3 $ 5 $ — $ — $ 3 $ 5 $ — $ — Total Liabilities at Fair Value $ 3 $ 5 $ — $ — $ 3 $ 5 $ — $ —
Supplemental Fair Value Information	The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding finance leases, at June 30, 2022 and December 31, 2021: June 30, December 31, (In millions) 2022 2021 Fixed Rate Debt: (1) Carrying amount — liability $ 5,682 $ 5,781 Fair value — liability 5,081 6,149 Variable Rate Debt: (1) Carrying amount — liability $ 1,946 $ 955 Fair value — liability 1,887 955 (1) Excludes Notes Payable and Overdrafts of $ 519 million and $ 406 million at June 30, 2022 and December 31, 2021, respectively, of which $ 222 million and $ 227 million, respectively, are at fixed rates and $ 297 million and $ 179 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.

Pension, Savings and Other Po_2

Pension, Savings and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Defined Benefit Pension Cost	Defined benefit pension cost follows: U.S. U.S. Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Service cost $ 4 $ 2 $ 7 $ 3 Interest cost 29 22 60 42 Expected return on plan assets ( 53 ) ( 46 ) ( 105 ) ( 88 ) Amortization of net losses 25 26 51 54 Net periodic pension cost $ 5 $ 4 $ 13 $ 11 Net curtailments/settlements/termination benefits 18 19 18 19 Total defined benefit pension cost $ 23 $ 23 $ 31 $ 30 Non-U.S. Non-U.S. Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Service cost $ 6 $ 8 $ 12 $ 15 Interest cost 16 11 32 22 Expected return on plan assets ( 17 ) ( 12 ) ( 35 ) ( 22 ) Amortization of prior service cost 1 1 1 1 Amortization of net losses 5 9 11 17 Total defined benefit pension cost $ 11 $ 17 $ 21 $ 33

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Recent Approximate Asbestos Claims Activity	A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by settlement or dismissal in large numbers, the amount and timing of filings, settlements and dismissals and the number of open claims during a particular period can fluctuate significantly. Six Months Ended Year Ended (Dollars in millions) June 30, 2022 December 31, 2021 Pending claims, beginning of period 38,200 38,700 New claims filed 500 1,000 Claims settled/dismissed ( 500 ) ( 1,500 ) Pending claims, end of period 38,200 38,200 Payments (1) $ 8 $ 15 (1) Represents cash payments made during the period by us and our insurers for asbestos litigation defense and claim resolution.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component, After Tax and Minority Interest	The following tables present changes in AOCL, by component, for the six months ended June 30, 2022 and 2021, after tax and minority interest. (In millions) Income (Loss) Foreign Unrecognized Deferred Total Balance at December 31, 2021 $ ( 1,402 ) $ ( 2,565 ) $ 4 $ ( 3,963 ) Other comprehensive income (loss) before reclassifications ( 169 ) 14 1 ( 154 ) Amounts reclassified from accumulated other comprehensive loss — 61 ( 1 ) 60 Balance at June 30, 2022 $ ( 1,571 ) $ ( 2,490 ) $ 4 $ ( 4,057 ) (In millions) Income (Loss) Foreign Unrealized Gains (Losses) from Securities Unrecognized Deferred Total Balance at December 31, 2020 $ ( 1,284 ) $ — $ ( 2,856 ) $ 5 $ ( 4,135 ) Other comprehensive income (loss) before 2 8 16 — 26 Amounts reclassified from accumulated other comprehensive loss — — 68 ( 2 ) 66 Balance at June 30, 2021 $ ( 1,282 ) $ 8 $ ( 2,772 ) $ 3 $ ( 4,043 )
Reclassifications out of Accumulated Other Comprehensive Loss	The following table presents reclassifications out of AOCL: Three Months Ended Six Months Ended 2022 2021 2022 2021 (In millions) (Income) Expense Amount Reclassified Amount Reclassified Affected Line Item in the Consolidated Component of AOCL from AOCL from AOCL Statements of Operations Amortization of prior service cost and $ 31 $ 34 $ 63 $ 70 Other (Income) Expense Immediate recognition of prior service cost 18 19 18 19 Other (Income) Expense / Rationalizations Unrecognized net actuarial losses and 49 53 81 89 Tax effect ( 12 ) ( 12 ) ( 20 ) ( 21 ) United States and Foreign Taxes Net of tax $ 37 $ 41 $ 61 $ 68 Goodyear Net Income Deferred derivative (gains) losses, before tax $ — $ — $ ( 1 ) $ ( 2 ) Cost of Goods Sold Tax effect — — — — United States and Foreign Taxes Net of tax $ — $ — $ ( 1 ) $ ( 2 ) Goodyear Net Income Total reclassifications $ 37 $ 41 $ 60 $ 66 Goodyear Net Income
Comprehensive Income (Loss) Attributable to Minority Shareholders	The following table presents the details of comprehensive income (loss) attributable to minority shareholders: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Net Income Attributable to Minority Shareholders $ 4 $ 4 $ 4 $ 10 Other Comprehensive Income: Foreign currency translation ( 7 ) ( 1 ) ( 15 ) ( 8 ) Comprehensive Income (loss) Attributable to Minority Shareholders $ ( 3 ) $ 3 $ ( 11 ) $ 2

Accounting Policies - Narrative

Accounting Policies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Expense related to valuation of inventory		$ 20
Accrued freight charges adjustments	$ 8
Prepaid Expenses and Other Current Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash	86		$ 65
Other Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash	$ 18		$ 14

Accounting Policies - Restricte

Accounting Policies - Restricted Cash (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and Cash Equivalents		$ 1,248	$ 1,088	$ 1,030
Restricted Cash	[1]	79		104
Total Cash, Cash Equivalents and Restricted Cash		$ 1,327	$ 1,164	$ 1,134	$ 1,624
[1] Includes remaining Cooper Tire & Rubber Company ("Cooper Tire") restricted cash acquired of $ 21 million and $ 50 million at June 30, 2022 and June 30, 2021, respectively.

Accounting Policies - Restric_2

Accounting Policies - Restricted Cash (Parenthetical) - (Details) - USD ($) $ in Millions		Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Restricted Cash	[1]	$ 79	$ 104
Cooper Tire
Business Acquisition [Line Items]
Restricted Cash		$ 21	$ 50
[1] Includes remaining Cooper Tire & Rubber Company ("Cooper Tire") restricted cash acquired of $ 21 million and $ 50 million at June 30, 2022 and June 30, 2021, respectively.

Cooper Tire Acquisition - Calcu

Cooper Tire Acquisition - Calculation of Merger Consideration (Details) - USD ($) $ in Millions	Jun. 07, 2021	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 995	$ 1,004
Cooper Tire
Business Acquisition [Line Items]
Merger consideration	$ 3,100
Property, Plant and Equipment	1,346
Merger Consideration	3,097
Cooper Tire | Updated Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Cash and Cash Equivalents	231
Accounts Receivable	538
Inventories	708
Property, Plant and Equipment	1,346
Goodwill	633
Intangible Assets	926
Other Assets	360
Assets, Total	4,742
Accounts Payable - Trade	384
Compensation and Benefits	356
Debt, Finance Leases and Notes Payable and Overdrafts	151
Deferred Tax Liabilities, net	292
Other Liabilities	441
Minority Equity	21
Liabilities, Total	1,645
Cooper Tire | Measurement Period Changes [Member]
Business Acquisition [Line Items]
Cash and Cash Equivalents	0
Accounts Receivable	(83)
Inventories	15
Property, Plant and Equipment	(26)
Goodwill	158
Intangible Assets	(160)
Other Assets	(2)
Assets, Total	(98)
Accounts Payable - Trade	(80)
Compensation and Benefits	(30)
Debt, Finance Leases and Notes Payable and Overdrafts	0
Deferred Tax Liabilities, net	(55)
Other Liabilities	67
Minority Equity	0
Liabilities, Total	(98)
Merger Consideration	0
Cooper Tire | Initial Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Cash and Cash Equivalents	231
Accounts Receivable	621
Inventories	693
Property, Plant and Equipment	1,372
Goodwill	475
Intangible Assets	1,086
Other Assets	362
Assets, Total	4,840
Accounts Payable - Trade	464
Compensation and Benefits	386
Debt, Finance Leases and Notes Payable and Overdrafts	151
Deferred Tax Liabilities, net	347
Other Liabilities	374
Minority Equity	21
Liabilities, Total	1,743
Merger Consideration	$ 3,097

Cooper Tire Acquisition - Sched

Cooper Tire Acquisition - Schedule of Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed (Details) - Cooper Tire $ in Millions	Jun. 07, 2021 USD ($)
Updated Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible Assets, Gross (Excluding Goodwill), Total	$ 926
Measurement Period Changes [Member]
Business Acquisition [Line Items]
Intangible Assets, Gross (Excluding Goodwill), Total	(160)
Initial Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible Assets, Gross (Excluding Goodwill), Total	1,086
Trade names (indefinite-lived) [Member] | Updated Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, indefinite-lived	560
Trade names (indefinite-lived) [Member] | Measurement Period Changes [Member]
Business Acquisition [Line Items]
Intangible asset, indefinite-lived	250
Trade names (indefinite-lived) [Member] | Initial Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, indefinite-lived	310
Trade names (definite-lived) [Member] | Updated Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	10
Trade names (definite-lived) [Member] | Measurement Period Changes [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	(30)
Trade names (definite-lived) [Member] | Initial Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	$ 40
Trade names (definite-lived) [Member] | Minimum [Member]
Business Acquisition [Line Items]
Weighted Average Useful Life	14 years
Trade names (definite-lived) [Member] | Maximum [Member]
Business Acquisition [Line Items]
Weighted Average Useful Life	14 years
Customer Lists [Member] | Updated Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	$ 350
Customer Lists [Member] | Measurement Period Changes [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	(380)
Customer Lists [Member] | Initial Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	$ 730
Customer Lists [Member] | Minimum [Member]
Business Acquisition [Line Items]
Weighted Average Useful Life	12 years
Customer Lists [Member] | Maximum [Member]
Business Acquisition [Line Items]
Weighted Average Useful Life	12 years
Non Compete Agreements and Other [Member] | Updated Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	$ 6
Non Compete Agreements and Other [Member] | Measurement Period Changes [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	0
Non Compete Agreements and Other [Member] | Initial Preliminary Fair Value [Member]
Business Acquisition [Line Items]
Intangible asset, definite-lived	$ 6
Non Compete Agreements and Other [Member] | Minimum [Member]
Business Acquisition [Line Items]
Weighted Average Useful Life	2 years
Non Compete Agreements and Other [Member] | Maximum [Member]
Business Acquisition [Line Items]
Weighted Average Useful Life	2 years

Cooper Tire Acquisition - Narra

Cooper Tire Acquisition - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		6 Months Ended
	Jun. 07, 2021	May 18, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Transaction and other costs			$ 0	$ 32	$ 0	$ 39
Cost of Goods Sold			4,172	3,078	8,138	5,829
Other (Income) Expense
Business Acquisition [Line Items]
Transaction and other costs				48		55
Costs included in Other (Income) Expense				42		49
Other (Income) Expense | Bridge Loan [Member]
Business Acquisition [Line Items]
Commitment fee related to bridge term loan facility				10
Cooper Tire
Business Acquisition [Line Items]
Merger consideration	$ 3,100
Proceeds from the issuance of new senior notes		$ 1,450
Adjustments to estimated value of inventory	245
Inventory adjust amount	135
Inventory sold related to fair value step-up						38
Property, plant and equipment at a net book value	1,208
Preliminary fair value estimate of property, plant and equipment	1,346
Net Sales			919	256	1,788
Cost of Goods Sold			$ 710	236	$ 1,429	236
Cooper Tire | Inventory [Member]
Business Acquisition [Line Items]
Inventory Step Up to Estimated Fair Value	110
Cooper Tire | Property, Plant and Equipment [Member]
Business Acquisition [Line Items]
Property, plant and equipment step up estimated fair value	$ 138
Cooper Tire | Other (Income) Expense
Business Acquisition [Line Items]
Post-combination settlement of incentive compensation awards				$ 6		$ 6

Cooper Tire Acquisition - Sch_2

Cooper Tire Acquisition - Schedule of Pro Forma Financial Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Business Acquisition, Pro Forma Information [Abstract]
Net Sales	$ 4,563	$ 8,744
Income before Income Taxes	244	344
Goodyear Net Income	$ 178	$ 241

Net Sales - Schedule of Disaggr

Net Sales - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	$ 5,212	$ 3,979	$ 10,120	$ 7,490
Americas
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	3,147	2,256	6,062	4,043
Europe, Middle East & Africa
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	1,497	1,230	2,923	2,461
Asia Pacific
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	568	493	1,135	986
Tire unit sales
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	4,463	3,317	8,704	6,287
Tire unit sales | Americas
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	2,626	1,777	5,059	3,171
Tire unit sales | Europe, Middle East & Africa
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	1,301	1,085	2,576	2,207
Tire unit sales | Asia Pacific
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	536	455	1,069	909
Other tire and related sales
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	377	306	687	547
Other tire and related sales | Americas
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	194	170	365	310
Other tire and related sales | Europe, Middle East & Africa
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	164	114	281	193
Other tire and related sales | Asia Pacific
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	19	22	41	44
Retail services and service related sales
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	210	199	395	379
Retail services and service related sales | Americas
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	166	155	306	291
Retail services and service related sales | Europe, Middle East & Africa
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	32	29	66	57
Retail services and service related sales | Asia Pacific
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	12	15	23	31
Chemical sales
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	154	149	319	262
Chemical sales | Americas
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	154	149	319	262
Chemical sales | Europe, Middle East & Africa
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0	0	0	0
Chemical sales | Asia Pacific
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0	0	0	0
Other
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	8	8	15	15
Other | Americas
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	7	5	13	9
Other | Europe, Middle East & Africa
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0	2	0	4
Other | Asia Pacific
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	$ 1	$ 1	$ 2	$ 2

Net Sales - Narrative (Details)

Net Sales - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue, current	$ 21	$ 23
Deferred revenue, noncurrent	$ 18	$ 21

Net Sales - Schedule of Balance

Net Sales - Schedule of Balance of Deferred Revenue Related to Contracts with Customers (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at December 31, 2021	$ 44
Revenue deferred during period	44
Revenue recognized during period	(48)
Impact of foreign currency translation	1
Balance at June 30, 2022	$ 39

Costs Associated with Rationa_3

Costs Associated with Rationalization Programs - Roll-Forward of Liability Balance (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Restructuring Reserve
Beginning Balance	$ 88
New Charges	39
Incurred, net of foreign currency translation of $3 million and $0 million, respectively	(61)
Reversed to the Statement of Operations	(2)
Ending Balance	64
Associate-Related Costs
Restructuring Reserve
Beginning Balance	88
New Charges	27
Incurred, net of foreign currency translation of $3 million and $0 million, respectively	(49)
Reversed to the Statement of Operations	(2)
Ending Balance	64
Foreign currency translation	2
Other Costs
Restructuring Reserve
Beginning Balance	0
New Charges	12
Incurred, net of foreign currency translation of $3 million and $0 million, respectively	(12)
Reversed to the Statement of Operations	0
Ending Balance	0
Foreign currency translation	$ 0

Costs Associated with Rationa_4

Costs Associated with Rationalization Programs - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Employee	Jun. 30, 2022 USD ($) Employee	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Employee	Jun. 30, 2021 USD ($) Facility	Dec. 31, 2021 USD ($)
Restructuring Cost and Reserve [Line Items]
Expected number of position to be released (in employees) | Employee				550
Restructuring reserve	$ 64	$ 64		$ 64		$ 88
Rationalizations (Note 4)		26	$ 18	37	$ 68
Rationalization charges to date	830	830		830
Future rationalization charges expected	60	60		60
Reversed to the Statement of Operations				(2)
Amiens Labor Claims
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	5	5		5
Plan to Permanently Close Gadsden, Alabama Manufacturing Facility
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 5	5		5
Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)		4	18	$ 15	48
Number of associates released | Employee				100
Reversed to the Statement of Operations		$ 1		$ 2
New Plan
Restructuring Cost and Reserve [Line Items]
Number of associates released | Employee	60	490
Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)		$ 22	0	22	$ 20
Modernizing Tire Manufacturing Facilities in Germany
Restructuring Cost and Reserve [Line Items]
Number of facilities affected | Facility					2
Modernizing Tire Manufacturing Facilities in Germany | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)		1	7	6	$ 21
Reduce SAG Headcount
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 21	21		$ 21
Global SAG headcount
Restructuring Cost and Reserve [Line Items]
Expected number of position to be released (in employees) | Employee				490
Cash charges				$ 44
Accrued related plans	$ 19	19		19
Estimated total cost of plan				54
Gadsden Restructuring Plan to Offer Voluntary Buy-outs to Certain Associates | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)		$ 4	9	$ 11	17
Manufacturing Employee Severance and Operating Efficiency | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)			$ 2		$ 10

Costs Associated with Rationa_5

Costs Associated with Rationalization Programs - Schedule of Net Rationalization Charges Included in Income (Loss) Before Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)	$ 26	$ 18	$ 37	$ 68
Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)	22	0	22	20
Current Year Plans | Associate Severance and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)	22	0	22	20
Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)	4	18	15	48
Prior Year Plans | Associate Severance and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)	0	8	4	28
Prior Year Plans | Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)	$ 4	$ 10	$ 11	$ 20

Other (Income) Expense (Details

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Abstract]
Non-service related pension and other postretirement benefits cost	$ 29	$ 32	$ 42	$ 49
Interest income on a favorable indirect tax ruling in Brazil	0	(48)	0	(48)
Financing fees and financial instruments expense	10	17	17	25
Net foreign currency exchange (gains) losses	(1)	0	1	10
General and product liability expense - discontinued products	2	2	3	3
Royalty income	(6)	(5)	(17)	(10)
Net (Gains) Losses on Asset Sales (Note 5)	(95)	0	(98)	0
Interest income	(6)	(5)	(11)	(11)
Transaction costs	0	32	0	39
Miscellaneous (income) expense	2	5	3	7
Other (income) expense	$ (65)	$ 30	$ (60)	$ 64

Other (Income) Expense - Narrat

Other (Income) Expense - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Abstract]
Interest income, tax settlement	$ 0	$ 48		$ 0	$ 48
Net foreign currency exchange (gains) losses include expense related to out of period adjustment			$ 7
Gain (loss) related to settlement		69
Write off of previously capitalized Bridge Facility fees		10			10
Proceeds from sale and leaseback of consumer and commercial tire and service centers	108
Sale leaseback transaction net gain	95			95
Operating lease right of use assets	57			57
Net gains on asset sales	95	0		98	0
Royalty income	$ (6)	$ (5)		$ (17)	$ (10)
Leaseback terms				Leaseback terms for all locations include a 15-year initial term with up to six 5-year renewal options.

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Taxes [Line Items]
Income tax expense (benefit)	$ 82	$ 27	$ 120	$ 42
Income (loss) before income taxes	252	98	386	131
Net benefit for various item			7
Net discrete tax adjustments	$ 14	$ 32	$ 18	$ 29
U.S. statutory rate	21%	21%	21%	21%
Establish valuation allowances	$ 14		$ 11
Deferred tax asset, tax credit carryforwards, foreign	339		339		$ 339
Foreign Tax Authority
Income Taxes [Line Items]
Tax credit carryforward, valuation allowance	3		3		3
Valuation allowance	1,000		1,000		1,000
Deferred tax assets, net	1,200		1,200		1,300
Foreign Tax Authority | Luxembourg
Income Taxes [Line Items]
Valuation allowance	800		$ 800
Foreign Tax Authority | Ending Year
Income Taxes [Line Items]
Tax credit carryforward expiration year			2030
Domestic and State and Local Authority
Income Taxes [Line Items]
Net deferred tax assets	1,200		$ 1,200		1,200
Valuation allowance	$ 26		$ 26		$ 26

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings (loss) per share — basic:
Goodyear net income	$ 166	$ 67	$ 262	$ 79
Weighted average shares outstanding (in shares)	284	244	284	239
Earnings per common share - basic	$ 0.58	$ 0.27	$ 0.92	$ 0.33
Earnings (loss) per share — diluted:
Goodyear net income	$ 166	$ 67	$ 262	$ 79
Weighted Average Shares Outstanding	284	244	284	239
Dilutive effect of stock options and other dilutive securities (in shares)	2	3	2	3
Weighted average shares outstanding — diluted (in shares)	286	247	286	242
Earnings per common share - diluted	$ 0.58	$ 0.27	$ 0.91	$ 0.32

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Underwater Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Equivalent shares excluded from weighted average shares outstanding (in shares)	2	2	2	2

Business Segments - Reporting I

Business Segments - Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Operating Income (Loss)
Net Sales (Note 3)	$ 5,212	$ 3,979	$ 10,120	$ 7,490
Less:
Income before Income Taxes	252	98	386	131
Rationalizations (Note 4)	26	18	37	68
Interest Expense	110	97	214	176
Other (Income) Expense (Note 5)	(65)	30	(60)	64
Operating Segments
Less:
Income before Income Taxes	364	299	667	525
Rationalizations (Note 4)	21	15	32	62
Segment Reconciling Items
Less:
Rationalizations (Note 4)	26	18	37	68
Interest Expense	110	97	214	176
Other (Income) Expense (Note 5)	(65)	30	(60)	64
Corporate incentive compensation plans	21	24	40	33
Retained expenses of divested operations	4	4	7	7
Corporate and Eliminations
Less:
Other	16	28	43	46
Americas
Segment Operating Income (Loss)
Net Sales (Note 3)	3,147	2,256	6,062	4,043
Americas | Operating Segments
Less:
Income before Income Taxes	293	233	509	347
Rationalizations (Note 4)	11	8	18	18
Europe, Middle East and Africa
Segment Operating Income (Loss)
Net Sales (Note 3)	1,497	1,230	2,923	2,461
Europe, Middle East and Africa | Operating Segments
Less:
Income before Income Taxes	52	43	111	117
Rationalizations (Note 4)	9	7	14	44
Asia Pacific
Segment Operating Income (Loss)
Net Sales (Note 3)	568	493	1,135	986
Asia Pacific | Operating Segments
Less:
Income before Income Taxes	19	23	47	61
Rationalizations (Note 4)	$ 1	$ 0	$ 0	$ 0

Business Segments - Rationaliza

Business Segments - Rationalizations, Asset Sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	$ 26	$ 18	$ 37	$ 68
Net (gains) losses on asset sales	(95)	0	(98)	0
Operating Segments
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	21	15	32	62
Net (gains) losses on asset sales	(95)	0	(98)	0
Operating Segments | Americas
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	11	8	18	18
Net (gains) losses on asset sales	(95)	0	(98)	0
Operating Segments | Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	9	7	14	44
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	1	0	0	0
Corporate
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	$ 5	$ 3	$ 5	$ 6

Financing Arrangements and De_3

Financing Arrangements and Derivative Financial Instruments - Other Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 07, 2021
Debt Instrument [Line Items]
Credit arrangements, unused amount	$ 3,210
Debt, percentage bearing variable interest	27%
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 11,475
Line of Credit | Revolving Credit Facility | First lien revolving credit facility due 2026
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,750		$ 2,750
Interest rate	2.48%	0%
Long-term Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,649
Credit arrangements, unused amount	2,916
Short-term Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	826
Credit arrangements, unused amount	$ 294
Variable Rate Credit Arrangements
Debt Instrument [Line Items]
Interest rate	4.07%

Financing Arrangements and De_4

Financing Arrangements and Derivative Financial Instruments - Long Term Debt and Finance Leases Due Within One Year (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Notes Payable, Overdrafts, Long-term Debt and Capital Leases Due Within One Year
Notes payable and overdrafts		$ 519	$ 406
Long term debt and finance leases due within one year		316	343
Total obligations due within one year		$ 835	$ 749
Long Term Debt And Capital Leases, Current
Notes Payable, Overdrafts, Long-term Debt and Capital Leases Due Within One Year
Weighted average interest rate		5.45%	5.25%
Other Foreign and Domestic Debt
Notes Payable, Overdrafts, Long-term Debt and Capital Leases Due Within One Year
Notes payable and overdrafts		$ 448	$ 369
Long term debt and finance leases due within one year		$ 162	$ 219
Weighted average interest rate	[1]	6.91%	6.05%
Foreign Line of Credit | Chinese credit facilities
Notes Payable, Overdrafts, Long-term Debt and Capital Leases Due Within One Year
Notes payable and overdrafts		$ 71	$ 37
Long term debt and finance leases due within one year		154	124
Foreign Line of Credit | Chinese credit facilities | Line of Credit
Notes Payable, Overdrafts, Long-term Debt and Capital Leases Due Within One Year
Notes payable and overdrafts		64	32
Long term debt and finance leases due within one year		$ 154	$ 124
Weighted average interest rate		4.25%	4.34%
Notes Payable and Overdrafts
Notes Payable, Overdrafts, Long-term Debt and Capital Leases Due Within One Year
Weighted average interest rate		4.46%	2.78%
[1] Interest rates are weighted average interest rates primarily related to various foreign credit facilities with customary terms and conditions.

Financing Arrangements and De_5

Financing Arrangements and Derivative Financial Instruments - Long Term Debt and Finance Leases, Net of Unamortized Discounts, and Interest Rates (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 7,678	$ 6,791
Unamortized deferred financing fees		(50)	(55)
Total long term debt excluding capital leases		7,628	6,736
Finance lease obligations	[1]	257	255
Long-term debt and capital leases		7,885	6,991
Less portion due within one year		(316)	(343)
Long-term debt and capital leases, excluding current maturities		7,569	6,648
Other Foreign and Domestic Debt
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees	[2]	507	430
Less portion due within one year		$ (162)	$ (219)
Interest rate	[2]	6.91%	6.05%
9.5% due 2025 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 802	$ 802
Interest rate, stated percentage		9.50%	9.50%
5% due 2026 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 900	$ 900
Interest rate, stated percentage		5%	5%
4.875% due 2027 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 700	$ 700
Interest rate, stated percentage		4.875%	4.875%
7.625% due 2027 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 133	$ 135
Interest rate, stated percentage		7.625%	7.625%
7% due 2028 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 150	$ 150
Interest rate, stated percentage		7%	7%
2.75% Euro Notes due 2028 | Euro Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 416	$ 454
Interest rate, stated percentage		2.75%	2.75%
5% due 2029 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 850	$ 850
Interest rate, stated percentage		5%	5%
5.25% due April 2031 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 550	$ 550
Interest rate, stated percentage		5.25%	5.25%
5.25% due July 2031 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 600	$ 600
Interest rate, stated percentage		5.25%	5.25%
5.625% due 2033 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 450	$ 450
Interest rate, stated percentage		5.625%	5.625%
First lien revolving credit facility due 2026 | Revolving Credit Facility | Line of Credit
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 570	$ 0
Interest rate		2.48%	0%
European revolving credit facility due 2024 | Revolving Credit Facility | Line of Credit
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 310	$ 0
Interest rate		3.10%	0%
Pan-European accounts receivable facility | Line of Credit
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 246	$ 279
Interest rate		1.31%	1.08%
Mexican credit facility | Foreign Line of Credit | Line of Credit
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		$ 200	$ 158
Interest rate		3.26%	1.85%
Chinese credit facilities | Foreign Line of Credit
Long-term Debt and Lease Obligation [Abstract]
Less portion due within one year		$ (154)	$ (124)
Chinese credit facilities | Foreign Line of Credit | Line of Credit
Long-term Debt and Lease Obligation [Abstract]
Long-term debt, before deferred financing fees		294	333
Less portion due within one year		$ (154)	$ (124)
Interest rate		4.25%	4.34%
[1] Includes non-cash financing additions of $ 22 million a nd $ 14 million during the six month period ended June 30, 2022 and the twelve months ended December 31, 2021, respectively Interest rates are weighted average interest rates primarily related to various foreign credit facilities with customary terms and conditions.

Financing Arrangements and De_6

Financing Arrangements and Derivative Financial Instruments - Long Term Debt and Finance Leases, Net of Unamortized Discounts, and Interest Rates (Parenthetical) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Long-term Debt and Lease Obligation [Abstract]
Non Cash Financing Additions	$ 22	$ 14
9.5% due 2025 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	9.50%	9.50%
5% due 2026 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5%	5%
4.875% due 2027 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	4.875%	4.875%
7.625% due 2027 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	7.625%	7.625%
7% due 2028 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	7%	7%
2.75% Euro Notes due 2028 | Euro Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	2.75%	2.75%
5% due 2029 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5%	5%
5.25% due April 2031 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.25%	5.25%
5.25% due July 2031 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.25%	5.25%
5.625% due 2033 | Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.625%	5.625%

Financing Arrangements and De_7

Financing Arrangements and Derivative Financial Instruments - Notes Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Arrangements And Derivative Financial Instruments [Abstract]
Notes payable	$ 5,551	$ 5,591

Financing Arrangements and De_8

Financing Arrangements and Derivative Financial Instruments - Credit Facilities Narrative (Details) € in Millions, CHE in Millions, $ in Millions			6 Months Ended	12 Months Ended
	Jun. 07, 2021 USD ($)	Mar. 27, 2019 EUR (€)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 CHE	Dec. 31, 2021 EUR (€)	Oct. 11, 2021 EUR (€)
Line Of Credit Facility [Line Items]
Notes payable and overdrafts			$ 519	$ 406
Long term debt and finance leases due within one year			316	343
Credit arrangements, unused amount			3,210
Debt instrument carrying amount			7,678	6,791
All-Borrower Tranche | Foreign Line of Credit
Line Of Credit Facility [Line Items]
Debt instrument carrying amount			310		CHE 298
Accounts Receivable Factoring Facilities | Secured Debt
Line Of Credit Facility [Line Items]
Off-balance sheet accounts receivable securitization			597	605
Chinese credit facilities | Foreign Line of Credit
Line Of Credit Facility [Line Items]
Notes payable and overdrafts			71	37
Long term debt and finance leases due within one year			154	124
Chinese credit facilities | Secured Debt
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			812	958
Credit arrangements, unused amount			86	81
Chinese credit facilities | Secured Debt | Cooper Tire [Member]
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			45	75
Line of credit facility, amount outstanding			7	5
Line of Credit | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			11,475
Line of Credit | German Tranche
Line Of Credit Facility [Line Items]
Debt instrument carrying amount			0
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,750		2,750
Line of credit facility, additional borrowing capacity which may be requested from lenders	250
Increase in value of principal trademarks	400
Line of credit facility, maximum borrowing capacity inputs, increase based on value of cash	275
Line of credit facility, borrowing base amount below stated amount			108
Letters of credit, amount outstanding			3	19
Available cash plus availability under facility	$ 750		750
Debt instrument carrying amount			570	0
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Line Of Credit Facility [Line Items]
Basis spread	1.25%
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum
Line Of Credit Facility [Line Items]
Basis spread on reference rate	1%
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum
Line Of Credit Facility [Line Items]
Basis spread	1.50%
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Base Rate | Minimum
Line Of Credit Facility [Line Items]
Basis spread	0.25%
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Base Rate | Maximum
Line Of Credit Facility [Line Items]
Basis spread	0.50%
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Overnight Bank Funding Rate
Line Of Credit Facility [Line Items]
Basis spread on reference rate	0.50%
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Commitment Fee Rate
Line Of Credit Facility [Line Items]
Annual commitment fee percentage on undrawn amounts	0.25%
Line of Credit | First lien revolving credit facility due 2026 | Letter of Credit
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 800
Line of Credit | First lien revolving credit facility due 2026 | Bridge Loan
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 50
Line of Credit | Pan-European Accounts Receivable Facility
Line Of Credit Facility [Line Items]
Debt instrument carrying amount			246	279
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €							€ 300
Line of credit facility, current borrowing capacity			246	279	CHE 237	€ 246
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt | Minimum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €							30
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt | Maximum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €							€ 450
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €		€ 800
Annual commitment fee percentage on undrawn amounts		0.25%
Debt instrument carrying amount			0	0
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Line Of Credit Facility [Line Items]
Basis spread		1.50%
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility | Sterling Overnight Interbank Average Rate (SONIA)
Line Of Credit Facility [Line Items]
Basis spread		1.50%
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility | European Interbank Offer Rate (Euribor)
Line Of Credit Facility [Line Items]
Basis spread		1.50%
Line of Credit | European Revolving Credit Facility [Member] | Letter of Credit
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €		€ 75
Line of Credit | European Revolving Credit Facility [Member] | Bridge Loan
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €		175
Line of Credit | European Revolving Credit Facility [Member] | German Tranche
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €		180
Line of Credit | European Revolving Credit Facility [Member] | All-Borrower Tranche
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | €		€ 620
Line of Credit | Mexican Credit Facilities
Line Of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity			200
Amount utilized under facility				158
Line of Credit | Mexican Credit Facilities | Foreign Line of Credit
Line Of Credit Facility [Line Items]
Debt instrument carrying amount			200	158
Line of Credit | Chinese credit facilities | Foreign Line of Credit
Line Of Credit Facility [Line Items]
Line of credit facility, amount outstanding			358	365
Long-term debt, before deferred financing fees			294	333
Notes payable and overdrafts			64	32
Long term debt and finance leases due within one year			154	124
Debt instrument carrying amount			$ 294	$ 333

Financing Arrangements and De_9

Financing Arrangements and Derivative Financial Instruments - Fair Values for Foreign Currency Contracts (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, notional amount	$ 1,228		$ 1,228		$ 993
Foreign currency derivatives, net transaction losses	24	$ 14	34	$ 41
Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, notional amount	70		70		63
Accounts receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value - asset, not designated as hedging instrument	27		27		9
Fair value - asset, designated as hedging instrument	2		2		1
Other Current Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value - liability, not designated as hedging instrument	(2)		(2)		(4)
Fair value - liability, designated as hedging instrument	$ (1)		$ (1)		$ (1)

Financing Arrangements and D_10

Financing Arrangements and Derivative Financial Instruments - Classification of Changes in Fair Values of Foreign Currency Contracts (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Amount of gains (losses) deferred to Accumulated Other Comprehensive Loss (''AOCL'')	$ 3	$ (1)	$ 1	$ 0
Reclassification adjustment for amounts recognized in Cost of Goods Sold (''CGS'')	$ 0	$ 0	(1)	$ (2)
Cash flow hedge gain (loss) to be reclassified within twelve months			$ 2

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Assets:
Investments		$ 8	$ 10
Foreign Exchange Contracts		29	10
Total Assets at Fair Value		37	20
Liabilities:
Foreign Exchange Contracts		3	5
Total Liabilities at Fair Value		3	5
Supplemental Fair Value Information
Notes Payable and Overdrafts (Note 9)		519	406
Carrying amount — liability		7,628	6,736
Fixed Rate Debt, Excluding Capital Leases
Supplemental Fair Value Information
Notes Payable and Overdrafts (Note 9)		222	227
Carrying amount — liability	[1]	5,682	5,781
Fair value — liability	[1]	5,081	6,149
Variable Rate Debt, Excluding Capital Leases
Supplemental Fair Value Information
Notes Payable and Overdrafts (Note 9)		297	179
Carrying amount — liability	[1]	1,946	955
Fair value — liability	[1]	1,887	955
Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)
Assets:
Investments		8	10
Foreign Exchange Contracts		0	0
Total Assets at Fair Value		8	10
Liabilities:
Foreign Exchange Contracts		0	0
Total Liabilities at Fair Value		0	0
Supplemental Fair Value Information
Fair value — liability		4,899	5,905
Significant Other Observable Inputs (Level 2)
Assets:
Investments		0	0
Foreign Exchange Contracts		29	10
Total Assets at Fair Value		29	10
Liabilities:
Foreign Exchange Contracts		3	5
Total Liabilities at Fair Value		3	5
Significant Unobservable Inputs (Level 3)
Assets:
Investments		0	0
Foreign Exchange Contracts		0	0
Total Assets at Fair Value		0	0
Liabilities:
Foreign Exchange Contracts		0	0
Total Liabilities at Fair Value		$ 0	$ 0
[1] Excludes Notes Payable and Overdrafts of $ 519 million and $ 406 million at June 30, 2022 and December 31, 2021, respectively, of which $ 222 million and $ 227 million, respectively, are at fixed rates and $ 297 million and $ 179 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.

Pension, Savings and Other Po_3

Pension, Savings and Other Postretirement Benefit Plans - Defined Benefit Pension Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
U.S.
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Type [Extensible List]	Pension Plan	Pension Plan	Pension Plan	Pension Plan
Service cost	$ 4	$ 2	$ 7	$ 3
Interest cost	29	22	60	42
Expected return on plan assets	(53)	(46)	(105)	(88)
Amortization of net losses	25	26	51	54
Net periodic pension cost	5	4	13	11
Net curtailments/settlements/termination benefits	18	19	18	19
Total defined benefit pension cost	$ 23	$ 23	$ 31	$ 30
Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Type [Extensible List]	Pension Plan	Pension Plan	Pension Plan	Pension Plan
Service cost	$ 6	$ 8	$ 12	$ 15
Interest cost	16	11	32	22
Expected return on plan assets	(17)	(12)	(35)	(22)
Amortization of prior service cost	1	1	1	1
Amortization of net losses	5	9	11	17
Total defined benefit pension cost	$ 11	$ 17	$ 21	$ 33

Pension, Savings and Other Po_4

Pension, Savings and Other Postretirement Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Postretirement benefits expense (credit)	$ 4	$ 1	$ 8	$ 3
Defined contribution plans, contribution expenses	31	27	66	55
Pension Plan | Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Contributions to pension plans	8		17
Pension Plan | Minimum | Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to funded pension plans in current year	25		25
Pension Plan | Maximum | Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to funded pension plans in current year	50		50
Pension Plan | Other Nonoperating Income Expense Member
Defined Benefit Plan Disclosure [Line Items]
Pension settlement charges	18	$ 19	18	$ 19
Pension Plan | Retirement Plan Name Cooper Tire Salary Plan | U.S.
Defined Benefit Plan Disclosure [Line Items]
Pension termination benefits obligations	403		403
Pension Plan | Retirement Plan Name Cooper Tire Salary Plan | Assets | U.S.
Defined Benefit Plan Disclosure [Line Items]
Pension termination benefits assets	$ 416		$ 416

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock compensation plan, description			The 2022 Performance Plan was adopted by our shareholders on April 11, 2022 and will expire on February 28, 2032 unless earlier terminated. The 2022 Performance Plan replaced the 2017 Performance Plan, which was terminated on April 11, 2022, except with respect to outstanding awards.
Stock-based compensation expense	$ 8	$ 7	$ 13	$ 11
Unearned compensation cost related to the unvested portion of all stock-based awards	$ 39		$ 39
Remaining vesting period			through the first quarter of 2025
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Equity instruments granted (shares)			0.6
Weighted average fair value per share granted (dollars per share)			$ 15.66
Performance Share Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Equity instruments granted (shares)			0.4
Weighted average fair value per share granted (dollars per share)			$ 15.60

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Narrative (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) Claim	Dec. 31, 2021 USD ($) Claim	Dec. 31, 2015 USD ($)
Loss Contingencies [Line Items]
Liability for anticipated environmental matters	$ 80	$ 80
Liability for anticipated environment matters, current	19	21
Workers' compensation liability	195	194
Workers' compensation liability, current	34	38
Off-balance sheet financial guarantees and other commitments	34	34
Corporate Joint Venture
Loss Contingencies [Line Items]
Financing receivable, joint venture, face amount	100	100
Loans receivable, related parties	25	0
Accounts receivable | Sumitomo Rubber Industries
Loss Contingencies [Line Items]
Indemnification asset	1	1
Other Assets | Sumitomo Rubber Industries
Loss Contingencies [Line Items]
Indemnification asset	19	19
Workers' Compensation
Loss Contingencies [Line Items]
Potential workers' compensation liability in excess of recorded amount	25
General Product Liability
Loss Contingencies [Line Items]
Product liability and other tort claims liability	407	390
General Product Liability | Other Current Liabilities
Loss Contingencies [Line Items]
Product liability and other tort claims liability	38	41
Asbestos Related Product Liability
Loss Contingencies [Line Items]
Product liability and other tort claims liability	$ 132	$ 131
Asbestos claims dismissed to date (in claims) | Claim	156,200	156,200
Accrued asbestos-related liability and gross payments to date	$ 569	$ 560
Product liability contingency, evaluation period	10 years	10 years
Asbestos claims receivable	$ 77	$ 77
Expected percentage of asbestos claim related losses recoverable through insurance	60%	60%
Asbestos claims receivable, current	$ 12	$ 12
Limits of excess insurance policies		$ 540
Workers' Compensation Claims
Loss Contingencies [Line Items]
Guarantee issued	$ 20		$ 46

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Asbestos Claims Activity (Details) - Asbestos Related Product Liability		6 Months Ended	12 Months Ended
		Jun. 30, 2022 USD ($) Claim	Dec. 31, 2021 USD ($) Claim
Number of claims filed
Pending claims, beginning of period		38,200	38,700
New claims filed		500	1,000
Claims settled/dismissed		(500)	(1,500)
Pending claims, end of period		38,200	38,200
Payments | $	[1]	$ 8,000,000	$ 15,000,000
[1] Represents cash payments made during the period by us and our insurers for asbestos litigation defense and claim resolution.

Capital Stock - Narrative (Deta

Capital Stock - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 shares
Common Stock | Payments for Share Repurchases Related to Employee Stock Based Compensation
Class of Stock [Line Items]
Common stock repurchased (in shares)	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in AOCL, After Tax and Minority Interest (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 5,184	$ 3,259
Ending balance	5,347	4,411
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,402)	(1,284)
Other comprehensive income (loss) before reclassifications	(169)	2
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(1,571)	(1,282)
Unrealized Gains (Losses) from Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		0
Other comprehensive income (loss) before reclassifications		8
Amounts reclassified from accumulated other comprehensive loss		0
Ending balance		8
Unrecognized Net Actuarial Losses and Prior Service Costs
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,565)	(2,856)
Other comprehensive income (loss) before reclassifications	14	16
Amounts reclassified from accumulated other comprehensive loss	61	68
Ending balance	(2,490)	(2,772)
Deferred Derivative Gains (Losses)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	4	5
Other comprehensive income (loss) before reclassifications	1	0
Amounts reclassified from accumulated other comprehensive loss	(1)	(2)
Ending balance	4	3
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3,963)	(4,135)
Other comprehensive income (loss) before reclassifications	(154)	26
Amounts reclassified from accumulated other comprehensive loss	60	66
Ending balance	$ (4,057)	$ (4,043)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Reclassifications (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other (Income) Expense / Rationalizations	$ (65)	$ 30	$ (60)	$ 64
United States and Foreign Taxes	(82)	(27)	(120)	(42)
Goodyear Net Income	166	67	262	79
Cost of Goods Sold	(4,172)	(3,078)	(8,138)	(5,829)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Goodyear Net Income	37	41	60	66
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other (Income) Expense / Rationalizations	31	34	63	70
Income (Loss) Attributable to Parent	49	53	81	89
United States and Foreign Taxes	(12)	(12)	(20)	(21)
Goodyear Net Income	37	41	61	68
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment, Immediate Recognition of Prior Service and Gain (Loss) Attributable to Parent, Due to Divestitures
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other (Income) Expense / Rationalizations	18	19	18	19
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
United States and Foreign Taxes	0	0	0	0
Goodyear Net Income	0	0	(1)	(2)
Cost of Goods Sold	$ 0	$ 0	$ (1)	$ (2)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss - Schedule of Comprehensive Income (Loss) Attributable to Minority Shareholders (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Net Income Attributable to Minority Shareholders	$ 4	$ 4	$ 4	$ 10
Other Comprehensive Income:
Foreign currency translation	(7)	(1)	(15)	(8)
Comprehensive Income (loss) Attributable to Minority Shareholders	$ (3)	$ 3	$ (11)	$ 2