Changes in Shareholders' Equity

9 Months Ended

Sep. 30, 2011

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

CHANGES IN SHAREHOLDERS’ EQUITY

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

	September 30, 2011									September 30, 2010
(In millions)	Goodyear Shareholders’ Equity			Minority Shareholders’ Equity – Nonredeemable			Total Shareholders’ Equity			Goodyear Shareholders’ Equity			Minority Shareholders’ Equity – Nonredeemable			Total Shareholders’ Equity
Balance at beginning of period	$	644		$	277		$	921		$	735		$	251		$	986
Comprehensive income (loss):
Net income (loss)	318			38			356			(39		)	19			(20		)
Foreign currency translation (net of tax of $0 in 2011 and $1 in 2010)	(103		)	(20		)	(123		)	48			8			56
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $2 in 2011 and $19 in 2010)	122			—			122			106			—			106
Increase in net actuarial losses (net of tax of $1 in 2011 and $1 in 2010)	(1		)	—			(1		)	(12		)	—			(12		)
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)	17			—			17			1			—			1
Deferred derivative loss (net of tax of $0 in 2011 and $0 in 2010)	—			—			—			—			—			—
Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2011 and $0 in 2010)	8			—			8			—			—			—
Unrealized investment gains (net of tax of $0 in 2011 and $0 in 2010)	8			—			8			3			—			3
Other comprehensive income (loss)	51			(20		)	31			146			8			154
Total comprehensive income (loss)	369			18			387			107			27			134
Dividends declared to minority shareholders	—			(20		)	(20		)	—			(10		)	(10		)
Stock-based compensation plans (Note 11)	10			—			10			8			—			8
Preferred stock issued, net of expenses	484			—			484			—			—			—
Preferred stock dividends declared	(15		)	—			(15		)	—			—			—
Common stock issued from treasury	7			—			7			—			—			—
Other	—			1			1			9			—			9
Balance at end of period	$	1,499		$	276		$	1,775		$	859		$	268		$	1,127

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

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2011			2010		2011		2010
Balance at beginning of period	$	638		$	527	$	584	$	593
Comprehensive income (loss):
Net income	24			1		35		22
Foreign currency translation, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)	(41		)	61		2		(28		)
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			2		3		4
Decrease in net actuarial losses, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)	—			1		1		1
Deferred derivative gain, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)	3			—		—		—
Reclassification adjustment for amounts recognized in income, net of tax of $0 and $0 in 2011 ($0 and $0 in 2010)	1			—		1		—
Total comprehensive income (loss)	(12		)	65		42		(1		)
Balance at end of period	$	626		$	592	$	626	$	592