Business Segments

9 Months Ended

Sep. 30, 2011

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2011			2010			2011			2010
Sales:
North American Tire	$	2,557		$	2,176		$	7,275		$	6,004
Europe, Middle East and Africa Tire	2,226			1,696			6,128			4,680
Latin American Tire	651			569			1,876			1,576
Asia Pacific Tire	628			521			1,805			1,500
Net Sales	$	6,062		$	4,962		$	17,084		$	13,760
Segment Operating Income:
North American Tire	$	78		$	5		$	255		$	7
Europe, Middle East and Africa Tire	260			77			539			259
Latin American Tire	62			95			183			237
Asia Pacific Tire	63			57			195			190
Total Segment Operating Income	463			234			1,172			693
Rationalizations	(25		)	(8		)	(80		)	(16		)
Interest expense	(86		)	(90		)	(241		)	(241		)
Other income and (expense)	4			(62		)	(48		)	(173		)
Asset write-offs and accelerated depreciation	(12		)	(4		)	(46		)	(13		)
Corporate incentive compensation plans	(8		)	(18		)	(43		)	(45		)
Pension curtailments/settlements	(4		)	—			(15		)	—
Insurance recovery	—			8			—			8
Intercompany profit elimination	(7		)	(3		)	(18		)	(5		)
Other	(20		)	(15		)	(70		)	(55		)
Income before Income Taxes	$	305		$	42		$	611		$	153

Rationalizations, as described in Note 2, Costs Associated with Rationalization Programs, net gains on asset sales, as described in Note 3, Other (Income) 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						Nine Months Ended
	September 30,						September 30,
(In millions)	2011			2010			2011			2010
Rationalizations:
North American Tire	$	20		$	1		$	60		$	6
Europe, Middle East and Africa Tire	2			5			9			(2		)
Latin American Tire	—			1			—			4
Asia Pacific Tire	3			1			11			9
Total Segment Rationalizations	25			8			80			17
Corporate	—			—			—			(1		)
	$	25		$	8		$	80		$	16
Net (Gains) Losses on Asset Sales:
North American Tire	$	(2	)	$	(1	)	$	(7	)	$	(2	)
Europe, Middle East and Africa Tire	1			—			(1		)	(1		)
Latin American Tire	—			—			(4		)	(7		)
Asia Pacific Tire	(9		)	(1		)	(9		)	(16		)
Total Segment Asset Sales	(10		)	(2		)	(21		)	(26		)
Corporate	(1		)	—			(3		)	—
	$	(11	)	$	(2	)	$	(24	)	$	(26	)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2011		2010		2011		2010
Asset Write-offs and Accelerated Depreciation:
North American Tire	$	11	$	—	$	43	$	1
Europe, Middle East and Africa Tire	—		—		—		1
Asia Pacific Tire	1		4		3		11
Total Segment Asset Write-offs and Accelerated Depreciation	$	12	$	4	$	46	$	13