Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings per Common Share

Basic and diluted earnings per common share are calculated as follows:

(In millions, except per share amounts)	2015		2014		2013
Earnings per share — basic:
Goodyear net income	$	307	$	2,452	$	629
Less: Preferred stock dividends	—		7		29
Goodyear net income available to common shareholders	$	307	$	2,445	$	600
Weighted average shares outstanding	269		268		246
Earnings per common share — basic	$	1.14	$	9.13	$	2.44
Earnings per share — diluted:
Goodyear net income	$	307	$	2,452	$	629
Less: Preferred stock dividends	—		—		—
Goodyear net income available to common shareholders	$	307	$	2,452	$	629
Weighted average shares outstanding	269		268		246
Dilutive effect of mandatory convertible preferred stock	—		7		28
Dilutive effect of stock options and other dilutive securities	4		4		3
Weighted average shares outstanding — diluted	273		279		277
Earnings per common share — diluted	$	1.12	$	8.78	$	2.28