Earnings Per Share (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(In millions, except per share amounts)	2015		2014		2015		2014
Earnings per share — basic:
Goodyear net income	$	271	$	161	$	687	$	323
Less: Preferred stock dividends	—		—		—		7
Goodyear net income available to common shareholders	$	271	$	161	$	687	$	316
Weighted average shares outstanding	269		275		270		266
Earnings per common share — basic	$	1.01	$	0.58	$	2.55	$	1.18
Earnings per share — diluted:
Goodyear net income	$	271	$	161	$	687	$	323
Less: Preferred stock dividends	—		—		—		—
Goodyear net income available to common shareholders	$	271	$	161	$	687	$	323
Weighted average shares outstanding	269		275		270		266
Dilutive effect of mandatory convertible preferred stock	—		—		—		9
Dilutive effect of stock options and other dilutive securities	5		4		4		5
Weighted average shares outstanding — diluted	274		279		274		280
Earnings per common share — diluted	$	0.99	$	0.58	$	2.51	$	1.15