Changes in Shareholders' Equity

9 Months Ended

Sep. 30, 2012

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, 2012 and 2011:

	September 30, 2012									September 30, 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
Purchase of subsidiary shares from minority interest	—			(18		)	(18		)	—			—			—
Comprehensive income:
Net income	205			26			231			318			38			356
Foreign currency translation (net of tax of $0 in 2012 and $0 in 2011)	40			11			51			(103		)	(20		)	(123		)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $6 in 2012 and $2 in 2011)	154			—			154			122			—			122
Decrease (increase) in net actuarial losses (net of tax of $7 in 2012 and $1 in 2011)	15			—			15			(1		)	—			(1		)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures (net of tax of $0 in 2012 and $1 in 2011)	7			—			7			17			—			17
Prior service credit from plan amendments (net of tax of $3 in 2012 and $0 in 2011)	72			—			72			—			—			—
Deferred derivative losses (net of tax of $0 in 2012 and $0 in 2011)	(1		)	—			(1		)	—			—			—
Reclassification adjustment for amounts recognized in income (net of tax of $(3) in 2012 and $0 in 2011)	(4		)	—			(4		)	8			—			8
Unrealized investment gains (net of tax of $0 in 2012 and $0 in 2011)	—			—			—			8			—			8
Other comprehensive income (loss)	283			11			294			51			(20		)	31
Total comprehensive income	488			37			525			369			18			387
Dividends declared to minority shareholders	—			(9		)	(9		)	—			(20		)	(20		)
Stock-based compensation plans (Note 10)	14			—			14			10			—			10
Preferred stock issued, net of expenses	—			—			—			484			—			484
Preferred stock dividends declared	(22		)	—			(22		)	(15		)	—			(15		)
Common stock issued from treasury	1			—			1			7			—			7
Other	—			—			—			—			1			1
Balance at end of period	$	1,230		$	278		$	1,508		$	1,499		$	276		$	1,775

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)	2012			2011			2012			2011
Balance at beginning of period	$	602		$	638		$	607		$	584
Comprehensive income (loss):
Net income	8			24			13			35
Foreign currency translation, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	13			(41		)	1			2
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	1			1			4			3
(Increase) decrease in net actuarial losses, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	(2		)	—			(2		)	1
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	2			—			2			—
Prior service credit from plan amendments, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	1			—			1			—
Deferred derivative (losses) gains, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	(1		)	3			(1		)	—
Reclassification adjustment for amounts recognized in income, net of tax of $0 and $0 in 2012 ($0 and $0 in 2011)	(2		)	1			(3		)	1
Total comprehensive income (loss)	20			(12		)	15			42
Dividends declared to minority shareholders	(4		)	—			(4		)	—
Balance at end of period	$	618		$	626		$	618		$	626