Business Segments

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In millions)	2012			2011		2012		2011
Sales:
North American Tire	$	2,451		$	2,411	$	4,948	$	4,718
Europe, Middle East and Africa Tire	1,596			1,943		3,534		3,902
Latin American Tire	503			640		1,024		1,225
Asia Pacific Tire	600			626		1,177		1,177
Net Sales	$	5,150		$	5,620	$	10,683	$	11,022
Segment Operating Income:
North American Tire	$	188		$	137	$	268	$	177
Europe, Middle East and Africa Tire	19			126		109		279
Latin American Tire	58			54		113		121
Asia Pacific Tire	71			65		138		132
Total Segment Operating Income	336			382		628		709
Less:
Rationalizations	26			46		41		55
Interest expense	83			81		184		155
Other expense	37			48		129		52
Asset write-offs and accelerated depreciation	4			25		6		34
Corporate incentive compensation plans	15			21		22		35
Pension curtailments/settlements	—			11		—		11
Intercompany profit elimination	(9		)	2		1		11
Retained expenses of divested operations	5			11		9		15
Other	9			17		14		35
Income before Income Taxes	$	166		$	120	$	222	$	306

Rationalizations, as described in Note 2, Costs Associated with Rationalization Programs, net gains on asset sales, as described in Note 3, Other (Income) and 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						Six Months Ended
	June 30,						June 30,
(In millions)	2012			2011			2012			2011
Rationalizations:
North American Tire	$	13		$	34		$	19		$	40
Europe, Middle East and Africa Tire	5			6			10			7
Latin American Tire	—			—			2			—
Asia Pacific Tire	8			6			10			8
Total Segment Rationalizations	$	26		$	46		41			55
Net (Gains) Losses on Asset Sales:
North American Tire	$	(2	)	$	(5	)	$	(4	)	$	(5	)
Europe, Middle East and Africa Tire	(7		)	(1		)	(8		)	(2		)
Latin American Tire	(3		)	(3		)	(3		)	(4		)
Total Segment Asset Sales	(12		)	(9		)	(15		)	(11		)
Corporate	(1		)	(2		)	(2		)	(2		)
	$	(13	)	$	(11	)	$	(17	)	$	(13	)

Asset Write-offs and Accelerated Depreciation:
North American Tire	$	—	$	24	$	—	$	32
Asia Pacific Tire	4		1		6		2
Total Segment Asset Write-offs and Accelerated Depreciation	$	4	$	25	$	6	$	34