Changes in Shareholders' Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

CHANGES IN SHAREHOLDERS’ EQUITY

The following tables present the changes in shareholders’ equity for the three months ended March 31, 2016 and 2015:

	March 31, 2016									March 31, 2015
(In millions)	Goodyear Shareholders’ Equity			Minority Shareholders’ Equity – Nonredeemable			Total Shareholders’ Equity			Goodyear Shareholders’ Equity			Minority Shareholders’ Equity – Nonredeemable			Total Shareholders’ Equity
Balance at beginning of period	$	3,920		$	222		$	4,142		$	3,610		$	235		$	3,845
Comprehensive income (loss):
Net income	184			5			189			224			3			227
Foreign currency translation, net of tax of $17 in 2016 (($34) in 2015)	53			7			60			(63		)	(10		)	(73		)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $8 in 2016 ($9 in 2015)	16			—			16			18			—			18
Decrease (increase) in net actuarial losses, net of tax of ($1) in 2016 ($0 in 2015)	—			—			—			—			—			—
Deferred derivative gains (losses), net of tax of ($1) in 2016 ($2 in 2015)	(6		)	—			(6		)	11			—			11
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2016 (($1) in 2015)	(3		)	—			(3		)	(4		)	—			(4		)
Unrealized investment gains (losses), net of tax of $0 in 2016 ($4 in 2015)	—			—			—			7			—			7
Other comprehensive income (loss)	60			7			67			(31		)	(10		)	(41		)
Total comprehensive income (loss)	244			12			256			193			(7		)	186
Dividends declared to minority shareholders	—			(6		)	(6		)	—			(1		)	(1		)
Stock-based compensation plans (Note 10)	7			—			7			4			—			4
Repurchase of common stock (Note 12)	(50		)	—			(50		)	(1		)	—			(1		)
Dividends declared (Note 12)	(19		)	—			(19		)	(16		)	—			(16		)
Common stock issued from treasury	2			—			2			2			—			2
Balance at end of period	$	4,104		$	228		$	4,332		$	3,792		$	227		$	4,019

The following table presents changes in Minority Equity presented outside of Shareholders’ Equity:

	Three Months Ended
	March 31,
(In millions)	2015
Balance at beginning of period	$	582
Comprehensive income (loss):
Net income	9
Foreign currency translation, net of tax of $0 in 2015	(55		)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 in 2015	1
Deferred derivative gains (losses), net of tax of $0 in 2015	2
Other comprehensive income (loss)	(52		)
Total comprehensive income (loss)	(43		)
Balance at end of period	$	539

Due to the dissolution of the global alliance with SRI on October 1, 2015, we no longer have Minority Equity outside of Shareholders' Equity.