Schedule I Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Financial Statements [Table Text Block]

	Year Ended December 31,
(In millions, except per share amounts)	2014			2013			2012
Net Sales	$	7,915		$	8,324		$	8,898
Cost of Goods Sold	6,457			7,001			7,792
Selling, Administrative and General Expense	916			946			895
Rationalizations	(6		)	6			38
Interest Expense	332			315			258
Other (Income) Expense	(91		)	(251		)	(152		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	307			307			67
United States and Foreign Tax (Benefit) Expense	(2,026		)	22			23
Equity in Earnings of Subsidiaries	119			344			168
Net Income	2,452			629			212
Less: Preferred Stock Dividends	7			29			29
Net Income available to Common Shareholders	$	2,445		$	600		$	183
Net Income available to Common Shareholders — Per Share of Common Stock
Basic	$	9.13		$	2.44		$	0.75
Weighted Average Shares Outstanding	268			246			245
Diluted	$	8.78		$	2.28		$	0.74
Weighted Average Shares Outstanding	279			277			247
Cash Dividends Declared Per Common Share	$	0.22		$	0.05		$	—
Goodyear Comprehensive Income (Loss)	$	2,257		$	1,242		$	(362	)

The accompanying notes are an integral part of these financial statements.

THE GOODYEAR TIRE & RUBBER COMPANY

PARENT COMPANY BALANCE SHEETS

	December 31,
(Dollars in millions, except share data)	2014			2013
Assets
Current Assets:
Cash and Cash Equivalents	$	674		$	1,269
Accounts Receivable, less allowance — $20 ($21 in 2013)	833			872
Inventories:
Raw Materials	193			204
Work in Process	55			55
Finished Goods	903			840
	1,151			1,099
Deferred Income Tax	496			33
Prepaid Expenses and Other Current Assets	39			35
Total Current Assets	3,193			3,308
Intangible Assets	114			111
Deferred Income Tax	1,633			—
Other Assets	234			288
Investments in Subsidiaries	4,054			4,325
Property, Plant and Equipment, less accumulated depreciation-$4,084 ($4,032 in 2013)	2,329			2,242
Total Assets	$	11,557		$	10,274
Liabilities
Current Liabilities:
Accounts Payable-Trade	$	910		$	833
Accounts Payable to Affiliates	557			275
Compensation and Benefits	392			373
Other Current Liabilities	350			347
Long Term Debt and Capital Leases Due Within One Year	6			8
Total Current Liabilities	2,215			1,836
Long Term Debt and Capital Leases	4,375			4,377
Compensation and Benefits	666			1,613
Deferred and Other Noncurrent Income Taxes	3			65
Other Long Term Liabilities	688			777
Total Liabilities	7,947			8,668
Commitments and Contingent Liabilities
Shareholders’ Equity
Preferred Stock, no par value:
Authorized, 50 million shares, Outstanding shares  — none (10 million in 2013)	—			500
Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 269 million (248 million in 2013)	269			248
Capital Surplus	3,141			2,847
Retained Earnings	4,343			1,958
Accumulated Other Comprehensive Loss	(4,143		)	(3,947		)
Total Shareholders’ Equity	3,610			1,606
Total Liabilities and Shareholders’ Equity	$	11,557		$	10,274

The accompanying notes are an integral part of these financial statements.

THE GOODYEAR TIRE & RUBBER COMPANY PARENT COMPANY STATEMENTS OF SHAREHOLDERS’ EQUITY
													Accumulated
													Other			Total
	Preferred Stock			Common Stock			Capital			Retained			Comprehensive			Shareholders'
(Dollars in millions)	Shares	Amount		Shares	Amount		Surplus			Earnings			Loss			Equity
Balance at December 31, 2011
(after deducting 6,353,851 common treasury shares)	10,000,000	$	500	244,535,841	$	245	$	2,808		$	1,187		$	(3,991	)	$	749
Comprehensive income (loss):
Net income										212						212
Foreign currency translation (net of tax of $0)													51
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $9)													203
Increase in net actuarial losses (net of tax benefit of $44)													(898		)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures (net of tax of $1)													9
Prior service credit from plan amendments (net of tax of $3)													72
Deferred derivative loss (net of tax of $0)													(4		)
Reclassification adjustment for amounts recognized in income (net of tax of $3)													(7		)
Other comprehensive income (loss)																(574		)
Total comprehensive income (loss)																(362		)
Purchase of subsidiary shares from minority interest							(13		)				5			(8		)
Stock-based compensation plans							17									17
Preferred stock dividends declared										(29		)				(29		)
Common stock issued from treasury				704,921	—		3									3
Balance at December 31, 2012
(after deducting 5,648,930 common treasury shares)	10,000,000	$	500	245,240,762	$	245	$	2,815		$	1,370		$	(4,560	)	$	370
Balance at December 31, 2012
(after deducting 5,648,930 common treasury shares)	10,000,000	$	500	245,240,762	$	245	$	2,815		$	1,370		$	(4,560	)	$	370
Comprehensive income (loss):
Net income										629						629
Foreign currency translation (net of tax of $0)													(153		)
Reclassification adjustment for amounts recognized in income (net of tax of $0)													1
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $9)													224
Decrease in net actuarial losses (net of tax benefit of $33)													498
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures (net of tax of $1)													2
Prior service credit from plan amendments (net of tax of $0)													30
Deferred derivative gain (net of tax of $1)													1
Reclassification adjustment for amounts recognized in income (net of tax benefit of $0)													2
Unrealized investment gains (net of tax of $0)													8
Other comprehensive income (loss)																613
Total comprehensive income (loss)																1,242
Purchase of subsidiary shares from minority interest							(2		)							(2		)
Stock-based compensation plans							15									15
Dividends declared										(41		)				(41		)
Common stock issued from treasury				2,512,267	3		19									22
Balance at December 31, 2013
(after deducting 3,136,663 common treasury shares)	10,000,000	$	500	247,753,029	$	248	$	2,847		$	1,958		$	(3,947	)	$	1,606

The accompanying notes are an integral part of these financial statements.

THE GOODYEAR TIRE & RUBBER COMPANY PARENT COMPANY STATEMENTS OF SHAREHOLDERS’ EQUITY - (Continued)
																	Accumulated
																	Other			Total
	Preferred Stock					Common Stock					Capital			Retained			Comprehensive			Shareholders'
(Dollars in millions)	Shares		Amount			Shares		Amount			Surplus			Earnings			Loss			Equity
Balance at December 31, 2013
(after deducting 3,136,663 common treasury shares)	10,000,000		$	500		247,753,029		$	248		$	2,847		$	1,958		$	(3,947	)	$	1,606
Comprehensive income (loss):
Net income														2,452						2,452
Foreign currency translation (net of tax benefit of $46)																	(206		)
Reclassification adjustment for amounts recognized in income (net of tax of $0)																	3
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $36)																	74
Increase in net actuarial losses (net of tax of $129)																	(112		)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures (net of tax of $13)																	31
Deferred derivative gains (net of tax of $1)																	13
Unrealized investment gains (net of tax of $1)																	2
Other comprehensive income (loss)																				(195		)
Total comprehensive income (loss)																				2,257
Purchase of subsidiary shares from minority interest											(4		)				(1		)	(5		)
Stock-based compensation plans											20									20
Repurchase of common stock						(8,955,107	)	(9		)	(225		)							(234		)
Dividends declared														(67		)				(67		)
Common stock issued from treasury						3,111,843		2			31									33
Preferred stock conversion	(10,000,000	)	(500		)	27,573,735		28			472									—
Balance at December 31, 2014
(after deducting 8,979,927 common treasury shares)	—		$	—		269,483,500		$	269		$	3,141		$	4,343		$	(4,143	)	$	3,610

The accompanying notes are an integral part of these financial statements.

THE GOODYEAR TIRE & RUBBER COMPANY

PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
(In millions)	2014			2013			2012
Total Cash Flows from Operating Activities	$	(334	)	$	17		$	335
Cash Flows from Investing Activities:
Capital Expenditures	(303		)	(220		)	(231		)
Asset Dispositions	9			2			5
Decrease (Increase) in Restricted Cash	(1		)	—			1
Capital Contributions and Loans Incurred	(382		)	(91		)	(191		)
Capital Redemptions and Loans Paid	459			214			81
Other Transactions	13			—			4
Total Cash Flows from Investing Activities	(205		)	(95		)	(331		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	22			14			—
Short Term Debt and Overdrafts Paid	(14		)	(90		)	—
Long Term Debt Incurred	601			900			800
Long Term Debt Paid	(608		)	(11		)	(762		)
Common Stock Issued	39			26			3
Common Stock Repurchased	(234		)	(4		)	—
Common Stock Dividends Paid	(60		)	(12		)	—
Preferred Stock Dividends Paid	(15		)	(29		)	(29		)
Capital Contributions and Loans Incurred	457			170			150
Capital Redemptions and Loans Paid	(244		)	(403		)	(200		)
Transactions with Minority Interests in Subsidiaries	—			—			(17		)
Debt Related Costs and Other Transactions	—			(16		)	(63		)
Total Cash Flows from Financing Activities	(56		)	545			(118		)
Net Change in Cash and Cash Equivalents	(595		)	467			(114		)
Cash and Cash Equivalents at Beginning of the Year	1,269			802			916
Cash and Cash Equivalents at End of the Year	$	674		$	1,269		$	802

The accompanying notes are an integral part of these financial statements.

Schedule of Maturities of Long-term Debt [Table Text Block]

The annual aggregate maturities of long term debt and capital leases for the five years subsequent to December 31, 2014 are presented below. Maturities of debt credit agreements have been reported on the basis that the commitments to lend under these agreements will be terminated effective at the end of their current terms.

(In millions)	2015		2016		2017		2018		2019
Debt maturities	$	6	$	6	$	5	$	3	$	1,196

Intercompany Eliminations [Table Text Block]

The following amounts included in the Parent Company Statements of Operations have been eliminated in the preparation of the consolidated financial statements:

(In millions)	2014			2013			2012
Sales	$	1,378		$	1,384		$	1,657
Cost of Goods Sold	1,381			1,389			1,648
Interest Expense	19			15			24
Other (Income) Expense	(444		)	(529		)	(524		)
Income before Income Taxes	$	422		$	509		$	509

Schedule Of Dividends Received [Table Text Block]

The following table presents cash dividends received during 2014, 2013 and 2012:

(In millions)	2014		2013		2012
Consolidated subsidiaries	$	273	$	88	$	129