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Earning Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per common share
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions, except per share amounts)
2012
 
2011
 
2012
 
2011
Earnings per share — basic:
 
 
 
 
 
 
 
Goodyear net income
$
117

 
$
168

 
$
205

 
$
318

Less: Preferred stock dividends
7

 
7

 
22

 
15

Goodyear net income available to common shareholders
$
110

 
$
161

 
$
183

 
$
303

Weighted average shares outstanding
245

 
244

 
245

 
244

Earnings per common share — basic
$
0.45

 
$
0.66

 
$
0.75

 
$
1.25

 
 
 
 
 
 
 
 
Earnings per share — diluted:
 
 
 
 
 
 
 
Goodyear net income
$
117

 
$
168

 
$
205

 
$
318

Less: Preferred stock dividends

 

 

 

Goodyear net income available to common shareholders
$
117

 
$
168

 
$
205

 
$
318

Weighted average shares outstanding
245

 
244

 
245

 
244

Dilutive effect of mandatory convertible preferred stock
34

 
34

 
34

 
21

Dilutive effect of stock options and other dilutive securities
2

 
3

 
2

 
3

Weighted average shares outstanding — diluted
281

 
281

 
281

 
268

Earnings per common share — diluted
$
0.41

 
$
0.60

 
$
0.73

 
$
1.19