Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

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				Nine Months Ended
	September 30,				September 30,
(In millions, except per share amounts)	2014		2013		2014		2013
Earnings per share — basic:
Goodyear net income	$	161	$	173	$	323	$	394
Less: Preferred stock dividends	—		7		7		22
Goodyear net income available to common shareholders	$	161	$	166	$	316	$	372
Weighted average shares outstanding	275		246		266		246
Earnings per common share — basic	$	0.58	$	0.67	$	1.18	$	1.51
Earnings per share — diluted:
Goodyear net income	$	161	$	173	$	323	$	394
Less: Preferred stock dividends	—		—		—		—
Goodyear net income available to common shareholders	$	161	$	173	$	323	$	394
Weighted average shares outstanding	275		246		266		246
Dilutive effect of mandatory convertible preferred stock	—		27		9		27
Dilutive effect of stock options and other dilutive securities	4		5		5		3
Weighted average shares outstanding — diluted	279		278		280		276
Earnings per common share — diluted	$	0.58	$	0.62	$	1.15	$	1.43