Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and Cash Equivalents	$ 1,079	$ 1,476
Accounts Receivable, less Allowance — $114 ($105 in 2015)	2,482	2,033
Inventories:
Raw Materials	418	419
Work in Process	145	138
Finished Products	2,073	1,907
Total Inventory	2,636	2,464
Prepaid Expenses and Other Current Assets	178	153
Total Current Assets	6,375	6,126
Goodwill	574	555
Intangible Assets	138	138
Deferred Income Taxes	2,074	2,141
Other Assets	676	654
Property, Plant and Equipment, less Accumulated Depreciation — $8,934 ($8,637 in 2015)	6,940	6,777
Total Assets	16,777	16,391
Current Liabilities:
Accounts Payable-Trade	2,653	2,769
Compensation and Benefits	615	666
Other Current Liabilities	943	886
Notes Payable and Overdrafts	76	49
Long Term Debt and Capital Leases Due Within One Year	314	585
Total Current Liabilities	4,601	4,955
Long Term Debt and Capital Leases	5,685	5,074
Compensation and Benefits	1,437	1,468
Deferred Income Taxes	87	91
Other Long Term Liabilities	635	661
Total Liabilities	$ 12,445	$ 12,249
Commitments and Contingent Liabilities
Goodyear Shareholders’ Equity:
Authorized, 450 million shares, Outstanding shares — 266 million (267 million in 2015) after deducting 12 million treasury shares (11 million in 2015)	$ 266	$ 267
Capital Surplus	3,053	3,093
Retained Earnings	4,735	4,570
Accumulated Other Comprehensive Loss	(3,950)	(4,010)
Goodyear Shareholders’ Equity	4,104	3,920
Minority Shareholders’ Equity — Nonredeemable	228	222
Total Shareholders’ Equity	4,332	4,142
Total Liabilities and Shareholders’ Equity	$ 16,777	$ 16,391

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.