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Changes in Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2012
Equity [Abstract]  
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

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