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Earnings Loss Per Share
 6 Months Ended
Jun. 30, 2011
Earning (Loss) per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
NOTE 6. EARNINGS (LOSS) 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)   2011     2010     2011     2010  
Earnings per share — basic:
                               
Goodyear net income (loss)
  $ 47     $ 28     $ 150     $ (19 )
Less: Preferred stock dividends
    7       —       7       —  
 
                       
Goodyear net income (loss) available to common shareholders
  $ 40     $ 28     $ 143     $ (19 )
 
                       
 
                               
Weighted average shares outstanding
    244       242       244       242  
 
                       
 
                               
Earnings per common share — basic
  $ 0.16     $ 0.11     $ 0.58     $ (0.08 )
 
                       
 
                               
Earnings per share — diluted:
                               
Goodyear net income (loss)
  $ 47     $ 28     $ 150     $ (19 )
Less: Preferred stock dividends
    7       —       —       —  
 
                       
Goodyear net income (loss) available to common shareholders
  $ 40     $ 28     $ 150     $ (19 )
 
                       
 
                               
Weighted average shares outstanding
    244       242       244       242  
Dilutive effect of mandatory convertible preferred stock
    —       —       15       —  
Dilutive effect of stock options and other dilutive securities
    3       2       3       —  
 
                       
 
                               
Weighted average shares outstanding — diluted
    247       244       262       242  
 
                       
 
                               
Earnings per common share — diluted
  $ 0.16     $ 0.11     $ 0.57     $ (0.08 )
 
                       
Weighted average shares outstanding — diluted excludes the effect of approximately 30 million equivalent shares for the three months ended June 30, 2011 related to the mandatory convertible preferred stock as their inclusion would have been anti-dilutive. In addition, Goodyear net income used to compute earnings per common share — diluted for the three months ended June 30, 2011 is reduced by $7 million of preferred stock dividends since the inclusion of the related shares of preferred stock would have been anti-dilutive. Additionally, weighted average shares outstanding — diluted excludes approximately 6 million and 7 million equivalent shares for the three and six months ended June 30, 2011, respectively, related to options with exercise prices greater than the average market price of our common shares (i.e. “underwater” options).
          Weighted average shares outstanding — diluted excludes approximately 5 million equivalent shares for the six months ended June 30, 2010 related to options with exercise prices less than the average market price of our common shares (i.e., “in-the-money” options), as their inclusion would have been anti-dilutive due to the Goodyear net loss. Additionally, weighted average shares outstanding — diluted excludes approximately 12 million and 11 million equivalent shares for the three and six months ended June 30, 2010, respectively, related to options with exercise prices greater than the average market price of our common shares (i.e., “underwater” options).