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Changes in Shareholders' Equity
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
CHANGES IN SHAREHOLDERS' EQUITY
CHANGES IN SHAREHOLDERS’ EQUITY
The following tables present the changes in shareholders’ equity for the three months ended March 31, 2014 and 2013:
 
March 31, 2014
 
March 31, 2013
(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
$
1,606

 
$
262

 
$
1,868

 
$
370

 
$
255

 
$
625

Comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
(51
)
 
7

 
(44
)
 
33

 
6

 
39

Foreign currency translation (net of tax of $0 in 2014 and $0 in 2013)
(6
)
 
(1
)
 
(7
)
 
(40
)
 
(2
)
 
(42
)
Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2014 and $0 in 2013)

 

 

 
1

 

 
1

Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $2 in 2014 and $4 in 2013)
31

 

 
31

 
59

 

 
59

Decrease (increase) in net actuarial losses (net of tax of $0 in 2014 and $0 in 2013)
8

 

 
8

 
96

 

 
96

Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures (net of tax of $0 in 2014 and $0 in 2013)
38

 

 
38

 

 

 

Deferred derivative gains (losses) (net of tax of $0 in 2014 and $0 in 2013)
(2
)
 

 
(2
)
 
3

 

 
3

Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2014 and $0 in 2013)
1

 

 
1

 

 

 

Unrealized investment gains (losses) (net of tax of $0 in 2014 and $0 in 2013)
(5
)
 

 
(5
)
 
17

 

 
17

Other comprehensive income (loss)
65

 
(1
)
 
64

 
136

 
(2
)
 
134

Total comprehensive income
14

 
6

 
20

 
169

 
4

 
173

Purchase of subsidiary shares from minority interest
(6
)
 
(17
)
 
(23
)
 
(2
)
 
(2
)
 
(4
)
Dividends declared to minority shareholders

 
(7
)
 
(7
)
 

 
(2
)
 
(2
)
Stock-based compensation plans (Note 10)
6

 

 
6

 
4

 

 
4

Repurchase of common stock (Note 12)
(32
)
 

 
(32
)
 

 

 

Dividends declared (Note 12)
(19
)
 

 
(19
)
 
(7
)
 

 
(7
)
Common stock issued from treasury
24

 

 
24

 
2

 

 
2

Other

 

 

 

 
(4
)
 
(4
)
Balance at end of period
$
1,593

 
$
244

 
$
1,837

 
$
536

 
$
251

 
$
787



The following table presents changes in Minority Equity presented outside of Shareholders’ Equity:
 
Three Months Ended
 
March 31,
(In millions)
2014
 
2013
Balance at beginning of period
$
577

 
$
534

Comprehensive income (loss):
 
 
 
Net income (loss)
6

 
(8
)
Foreign currency translation, net of tax of $0 in 2014 ($0 in 2013)
1

 
(15
)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 in 2014 ($0 in 2013)
1

 
2

Decrease (increase) in net actuarial losses, net of tax of $0 in 2014 ($0 in 2013)
11

 
1

Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures, net of tax of $0 in 2014 ($0 in 2013)
4

 

Deferred derivative gains (losses), net of tax of $0 in 2014 ($0 in 2013)

 
1

Other comprehensive income (loss)
17

 
(11
)
Total comprehensive income (loss)
23

 
(19
)
Balance at end of period
$
600

 
$
515