Business Segments

6 Months Ended

Jun. 30, 2011

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 7. BUSINESS SEGMENTS

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2011			2010			2011			2010
Sales:
North American Tire	$	2,411		$	2,049		$	4,718		$	3,828
Europe, Middle East and Africa Tire		1,943			1,455			3,902			2,984
Latin American Tire		640			529			1,225			1,007
Asia Pacific Tire		626			495			1,177			979
Net Sales	$	5,620		$	4,528		$	11,022		$	8,798
Segment Operating Income:
North American Tire	$	137		$	16		$	177		$	2
Europe, Middle East and Africa Tire		126			73			279			182
Latin American Tire		54			66			121			142
Asia Pacific Tire		65			64			132			133
Total Segment Operating Income		382			219			709			459
Rationalizations		(46	)		(6	)		(55	)		(8	)
Interest expense		(81	)		(77	)		(155	)		(151	)
Other expense		(48	)		(7	)		(52	)		(111	)
Asset write-offs and accelerated depreciation		(25	)		(6	)		(34	)		(9	)
Corporate incentive compensation plans		(21	)		(20	)		(35	)		(27	)
Pension curtailments/settlements		(11	)		—			(11	)		—
Intercompany profit elimination		(2	)		7			(11	)		(2	)
Other		(28	)		(28	)		(50	)		(40	)
Income before Income Taxes	$	120		$	82		$	306		$	111

Rationalizations, as described in Note 2, Costs Associated with Rationalization Programs, net gains on asset sales, as described in Note 3, Other Expense, and asset write-offs and accelerated depreciation are not charged (credited) to the strategic business units (“SBUs”) for performance evaluation purposes, but were attributable to the SBUs as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2011			2010			2011			2010
Rationalizations:
North American Tire	$	34		$	(1	)	$	40		$	5
Europe, Middle East and Africa Tire		6			(1	)		7			(7	)
Latin American Tire		—			1			—			3
Asia Pacific Tire		6			7			8			8
Total Segment Rationalizations		46			6			55			9
Corporate		—			—			—			(1	)
	$	46		$	6		$	55		$	8
Net Gains on Asset Sales:
North American Tire	$	(5	)	$	(1	)	$	(5	)	$	(1	)
Europe, Middle East and Africa Tire		(1	)		—			(2	)		(1	)
Latin American Tire		(3	)		(7	)		(4	)		(7	)
Asia Pacific Tire		—			—			—			(15	)
Total Segment Asset Sales		(9	)		(8	)		(11	)		(24	)
Corporate		(2	)		—			(2	)		—
	$	(11	)	$	(8	)	$	(13	)	$	(24	)

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2011		2010		2011		2010
Asset Write-offs and Accelerated Depreciation:
North American Tire	$	24	$	—	$	32	$	1
Europe, Middle East and Africa Tire		—		1		—		1
Asia Pacific Tire		1		5		2		7
Total Segment Asset Write-offs and Accelerated Depreciation	$	25	$	6	$	34	$	9