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Consolidated Statements of Operations (Unaudited) - Entity [Domain] - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net Sales $ 4,172 $ 4,656 $ 8,196 $ 9,125
Cost of Goods Sold 3,027 3,532 6,093 7,050
Selling, Administrative and General Expense 648 698 1,256 1,365
Rationalizations (Note 2) 46 24 62 65
Interest Expense 106 102 209 207
Other (Income) Expense (Note 3) [1] 17 8 (111) 176
Income (Loss) before Income Taxes 328 292 687 262
United States and Foreign Taxes (Note 5) 120 60 243 68
Net Income (Loss) 208 232 444 194
Less: Minority Shareholders' Net Income 16 19 28 32
Goodyear Net Income (Loss) 192 213 416 162
Less: Preferred Stock Dividends 0 0 0 7
Goodyear Net Income (Loss) available to Common Shareholders $ 192 $ 213 $ 416 $ 155
Goodyear Net Income (Loss) available to Common Shareholders - Per Share of Common Stock        
Basic $ 0.71 $ 0.77 $ 1.54 $ 0.59
Weighted Average Shares Outstanding (Note 6) 270 276 270 262
Diluted $ 0.70 $ 0.76 $ 1.52 $ 0.58
Weighted Average Shares Outstanding (Note 6) 274 281 274 281
Cash Dividends Declared Per Common Share $ 0.06 $ 0.05 $ 0.12 $ 0.10
[1] For the six months ended June 30, 2015, Other (income) expense includes royalty income of $155 million attributable to a one-time gain on the recognition of deferred income resulting from the termination of a licensing agreement associated with the sale of our former Engineered Products business that is not included in segment operating income. For the six months ended June 30, 2014, Other (income) expense includes a net foreign currency remeasurement loss of $157 million related to the January 24, 2014 devaluation of the Venezuelan bolivar fuerte against the U.S. dollar.