Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

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)	2015		2014		2015		2014
Earnings per share — basic:
Goodyear net income	$	192	$	213	$	416	$	162
Less: Preferred stock dividends	—		—		—		7
Goodyear net income available to common shareholders	$	192	$	213	$	416	$	155
Weighted average shares outstanding	270		276		270		262
Earnings per common share — basic	$	0.71	$	0.77	$	1.54	$	0.59
Earnings per share — diluted:
Goodyear net income	$	192	$	213	$	416	$	162
Less: Preferred stock dividends	—		—		—		—
Goodyear net income available to common shareholders	$	192	$	213	$	416	$	162
Weighted average shares outstanding	270		276		270		262
Dilutive effect of mandatory convertible preferred stock	—		—		—		14
Dilutive effect of stock options and other dilutive securities	4		5		4		5
Weighted average shares outstanding — diluted	274		281		274		281
Earnings per common share — diluted	$	0.70	$	0.76	$	1.52	$	0.58