Changes in Shareholders' Equity

6 Months Ended

Jun. 30, 2011

Changes in Shareholders' Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

NOTE 14. CHANGES IN SHAREHOLDERS’ EQUITY

The following tables present the changes in shareholders’ equity for the six months ended June 30, 2011 and 2010:

	Six Months Ended June 30, 2011									Six Months Ended June 30, 2010
				Minority									Minority
	Goodyear			Shareholders’			Total			Goodyear			Shareholders’			Total
	Shareholders’			Equity –			Shareholders’			Shareholders’			Equity –			Shareholders’
(In millions)	Equity			Nonredeemable			Equity			Equity			Nonredeemable			Equity
Balance at beginning of period	$	644		$	277		$	921		$	735		$	251		$	986
Comprehensive income (loss):
Net income (loss)		150			19			169			(19	)		13			(6	)
Foreign currency translation (net of tax of $0 in 2011 and $1 in 2010)		98			6			104			(149	)		(13	)		(162	)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $2 in 2011 and $5 in 2010)		81			—			81			80			—			80
Decrease (increase) in net actuarial losses (net of tax of $1 in 2011 and $0 in 2010)		3			—			3			(13	)		—			(13	)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures (net of tax of $1 in 2011 and $0 in 2010)		13			—			13			1			—			1
Deferred derivative loss (net of tax of $0 in 2011 and $0 in 2010)		(11	)		—			(11	)		—			—			—
Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2011 and $0 in 2010)		2			—			2			—			—			—
Unrealized investment gains (net of tax of $0 in 2011 and $0 in 2010)		5			—			5			1			—			1
Other comprehensive income (loss)		191			6			197			(80	)		(13	)		(93	)
Total comprehensive income (loss)		341			25			366			(99	)		—			(99	)
Dividends declared to minority shareholders		—			(19	)		(19	)		—			(2	)		(2	)
Stock-based compensation plans (Note 11)		6			—			6			10			—			10
Preferred stock issued, net of expenses		484			—			484			—			—			—
Preferred stock dividends declared		(7	)		—			(7	)		—			—			—
Common stock issued from treasury		7			—			7			1			—			1
Other		—			1			1			—			—			—
Balance at end of period	$	1,475		$	284		$	1,759		$	647		$	249		$	896

The following table presents changes in Minority Equity presented outside of Shareholders’ Equity:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2011			2010			2011			2010
Balance at beginning of period	$	628		$	573		$	584		$	593
Comprehensive income (loss):
Net income		1			5			11			21
Foreign currency translation, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)		8			(52	)		43			(89	)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)		1			1			2			2
Decrease in net actuarial losses, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)		1			—			1			—
Deferred derivative loss, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)		(1	)		—			(3	)		—
Total comprehensive income (loss)		10			(46	)		54			(66	)
Balance at end of period	$	638		$	527		$	638		$	527