Earning Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Basic and Diluted Earnings per common share

Basic and diluted earnings per common share are calculated as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions, except per share amounts)	2013		2012		2013		2012
Earnings per share — basic:
Goodyear net income	$	188	$	92	$	221	$	88
Less: Preferred stock dividends	7		7		15		15
Goodyear net income available to common shareholders	$	181	$	85	$	206	$	73
Weighted average shares outstanding	246		245		246		244
Earnings per common share — basic	$	0.74	$	0.35	$	0.84	$	0.30
Earnings per share — diluted:
Goodyear net income	$	188	$	92	$	221	$	88
Less: Preferred stock dividends	—		—		—		15
Goodyear net income available to common shareholders	$	188	$	92	$	221	$	73
Weighted average shares outstanding	246		245		246		244
Dilutive effect of mandatory convertible preferred stock	33		34		33		—
Dilutive effect of stock options and other dilutive securities	3		2		2		2
Weighted average shares outstanding — diluted	282		281		281		246
Earnings per common share — diluted	$	0.67	$	0.33	$	0.79	$	0.30