Changes in Shareholders' Equity

3 Months Ended

Mar. 31, 2012

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

CHANGES IN SHAREHOLDERS’ EQUITY

The following tables present the changes in shareholders’ equity for the three months ended March 31, 2012 and 2011:

	March 31, 2012									March 31, 2011
(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	$	749		$	268		$	1,017		$	644		$	277		$	921
Comprehensive income:
Net (loss) income	(4		)	8			4			103			11			114
Foreign currency translation (net of tax of $0 in 2012 and $1 in 2011)	73			13			86			55			4			59
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $2 in 2012 and $3 in 2011)	53			—			53			39			—			39
(Increase) decrease in net actuarial losses (net of tax of $0 in 2012 and $0 in 2011)	(1		)	—			(1		)	3			—			3
Deferred derivative losses (net of tax of $0 in 2012 and $0 in 2011)	(5		)	—			(5		)	(7		)	—			(7		)
Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2012 and $0 in 2011)	(1		)	—			(1		)	—			—			—
Unrealized investment gains (losses) (net of tax of $0 in 2012 and $0 in 2011)	5			—			5			(1		)	—			(1		)
Other comprehensive income	124			13			137			89			4			93
Total comprehensive income	120			21			141			192			15			207
Dividends declared to minority shareholders	—			(1		)	(1		)	—			(4		)	(4		)
Stock-based compensation plans (Note 10)	2			—			2			3			—			3
Preferred stock issued, net of expenses	—			—			—			484			—			484
Preferred stock dividends declared	(7		)	—			(7		)	—			—			—
Common stock issued from treasury	—			—			—			4			—			4
Other	(1		)	—			(1		)	—			1			1
Balance at end of period	$	863		$	288		$	1,151		$	1,327		$	289		$	1,616

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

	Three Months Ended
	March 31,
(In millions)	2012			2011
Balance at beginning of period	$	607		$	584
Comprehensive income:
Net income	4			10
Foreign currency translation, net of tax of $0 in 2012 ($0 in 2011)	17			35
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 in 2012 ($0 in 2011)	2			1
Increase in net actuarial losses, net of tax of $0 in 2012 ($0 in 2011)	(1		)	—
Deferred derivative losses, net of tax of $0 in 2012 ($0 in 2011)	(3		)	(2		)
Total comprehensive income	19			44
Balance at end of period	$	626		$	628